Friday Briefing: The open-ended property question
Three months after LGIM suggested it might convert its open-ended UK direct property fund to a hybrid model, the fund house confirmed the thought has become a decision.
Three months after LGIM suggested it might convert its open-ended UK direct property fund to a hybrid model, the fund house confirmed the thought has become a decision.
The JP Morgan Japan Small Cap Growth & Income (JSGI) trust is set to reduce its investment management fee by up to 25bps.
The JP Morgan Emerging Markets (JMG) investment trust has proposed a conditional performance-related tender for up to 25% of its share capital at a 2% discount to net asset value.
The Riverstone Energy (RSE) trust has unveiled a tender offer for up to 15,047,619 of its ordinary shares – around 35.6% of its shares in issue – for a total of £158m ($200m).
Investor group Transparency Task Force has filed an application for permission to appeal against the scheme of arrangement proposed by Link Fund Solutions, which was sanctioned by the High Court on 9 February.
The uncertain economic outlook supports the case for constructing portfolios with a blend of value and growth stocks in a period of reduced style bias polarisation, experts have told Investment Week.
Custodian Property Income REIT (CREI) has reaffirmed its commitment to the proposed merger with abrdn Property Income (API), following this week’s secondary bid made by Urban Logistics REIT (SHED).
The Consumer Confidence index has fallen by two points to -21 in February, GfK revealed today (23 February).
Officials from the Federal Reserve are “highly attentive” to the risk of inflation, and noted the economic outlook is “uncertain”, according to minutes from the Federal Open Market Committee meeting last month.
Economists have called for the UK fiscal regime to be “less sensitive” to forecasts by the Office for Budget Responsibility, arguing the way these are currently applied makes the nation’s fiscal rules “close to meaningless”.