The board of the Eastern European Trust (TEET) has handed the £86.4m mandate to BlackRock, after removing Pictet as the manager last year following a period of underperformance. Agne Zitkute, a fund manager at Pictet, ran the investment trust between March 2004 and May 2008. The mandate was then handed to Peter Jarvis, a TEET […]
It is to be expected that markets run out of puff during a holiday period. The whole basis of sell in May and go away is predicated on wealthy landowners, who owned the bulk of shares in days of yore, closing up their London houses and retiring to the country for the season. Easter may not be quite such a vacational imperative but the streets of the City are undoubtedly quieter and it is not just the recession.
The managers of JPMorgan’s £280m European Fledgling investment trust have upped their gearing for the first time in two years. The trust has 108% gearing, enabling its managers, Jim Campbell and Francesco Conte, to buy into more of the stock opportunities they see in the market.In February 2007, they removed all gearing and held cash […]
The International Monetary Fund (IMF) has approved a $47 billion (£32 billion) credit line for Mexico, making it the first country to receive the Flexible Credit Line (FCL) facility designed to combat the economic crisis.It is the largest financial arrangement in the history of the fund, which was boosted earlier this month when countries in […]
In this short video, Piers Hillier, chief investment officer at Royal London Asset Management, offers his investment outlook for the rest of the coming year across various asset classes. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and […]
Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]