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The times they are a-changin’

After joining Artemis last year, Cormac Weldon launched the Artemis US Equity, US Select and US Smaller Companies funds. A lot has happened in the US economy since — including a period of unexpectedly weak growth in the first quarter of this year. US stocks, however, have produced positive returns and all three funds are comfortably ahead of their benchmarks. Cormac looks back on the changes and explains why the funds are changing too.

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OMGI shuts global equity income fund

Old Mutual Global Investors has shut the onshore Global Equity Income Fund, while launching an offshore version with a trio of managers. The onshore Old Mutual Global Equity Income Fund, sub-advised by O’Shaughnessy Asset Management, has just £38.8m in assets after seeing a “gradual decline in assets over the last few years”, meaning the costs of running the fund […]

Target date funds are ‘freedoms fit’

Target date funds are increasingly on the agenda both within and outwith the pensions context. This is because of the convenience they offer by providing an investment journey within a single fund. At first glance, the way target date funds reduce risk over time looks similar to ‘lifestyling’. This is too simplistic. Target date funds differ […]


MM leader: Give up the ghost on FCA independence

“We are accountable to the Treasury, which is responsible for the UK’s financial system, and Parliament. However, we are an independent body and we do not receive any funding from the Government.” This is how the FCA describes its role and how it operates. Advisers know all too well who foots the regulator’s bill, but after last […]


‘Dangerous precedent’: Providers prepare fightback on exit fees clampdown

The Government will face fierce opposition if it tries to impose a cap on exit charges on the pensions industry, experts warn. Providers will battle to avoid having to make expensive updates to archaic systems and push to ensure any new controls apply to all financial products that charge for closing accounts. Insurers say they […]


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