Service sector activity better than expected but weakest since January
Service sector performance declined again last month, due to higher borrowing costs and depressed economic conditions in the UK and Europe, but the data is not as bad as predicted.
BoE’s Andrew Bailey: Brexit has ‘created opportunities’ despite short-term negative impact – reports
Bank of England governor Andrew Bailey has argued that Brexit “created opportunities” for the UK, admitting however it has had a negative short-term impact on the country.
Columbia Threadneedle shutters CT Asia Pacific Equity fund
Columbia Threadneedle Investments has closed its CT Asia Pacific fund due to a significant drop in assets, effective from 21 September.
Fidelity to close Global High Yield and Long Bond funds
Fidelity International is set to close its Global High Yield and Long Bond funds, due to dwindling assets.
IA: Inflows into trackers double in August as fixed income funds revert to outflows
Investors turned their backs on fixed income and favoured trackers in August, according to the latest fund flows data from the Investment Association (IA).
Liontrust UK Equity fund loses Square Mile A rating amid de Uphaugh and Fields retirement
Square Mile’s Academy of Funds has removed Liontrust UK Equity’s A rating, following the news co-portfolio managers Chris Fields and James de Uphaugh are set to retire in the coming months.
Regulators summon Metro Bank chiefs amid sell-off sparked by urgent capital raise – reports
Metro Bank’s bosses have been called in to see the City’s regulators following a sharp sell-off of its shares, sparked by reports that the bank is in need of a large cash injection.
Event Voice: Your questions answered by PIMCO at the Fund Selector Focus Event
With proper positioning, today’s bond market may offer the potential for equity-like returns with less risk. PIMCO Fixed Income Strategist Gordon Harding explains how the PIMCO GIS Income strategy is positioned to seek higher yields and the potential for price appreciation that fixed income is now offering, while striving to remain resilient in the face […]
Quilter WealthSelect exits impact EM fund following exclusion breach investigation
Quilter’s WealthSelect Managed Portfolio Service has divested from an emerging markets impact equity fund following an investigation into a potential breach of Quilter Investors’ exclusion framework.