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FCA raises fund disclosure and distribution concerns

The FCA has raised concerns over closet trackers, unclear disclosure and distribution controls following a thematic review of asset management firms. The first results from the review show a number of asset managers have failed to disclose closet tracker funds, while others did not have clear descriptions of funds. The FCA says asset managers need to ensure product […]

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Investment trusts disappoint in Q1 amid lack of demand

The investment trust sector has not been immune to this year’s market volatility as it underperformed in the first quarter of 2016 amid a weakening of demand. The FTSE Equity Investment Instruments Index was down 2.2 per cent in the three months to the end of March on a total return basis, compared with a […]

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