Morningstar downgrades Trojan Income as ‘behavioural biases’ emerge from new manager
Morningstar has downgraded its rating of the Trojan Income fund from Positive to Neutral, noting recent “behavioural biases” from the vehicle’s new manager.
Morningstar has downgraded its rating of the Trojan Income fund from Positive to Neutral, noting recent “behavioural biases” from the vehicle’s new manager.
Year-to-date outflows extended through March across most asset classes in the UK, according to data from Morningstar, with only property and money market sectors bucking the trend.
The Bank of England’s chief economist Huw Pill has said interest rate cuts remain “some way off” despite “satisfactory progress” in returning UK inflation to target.
Principal Asset Management has appointed Sylvain Agar as managing director and head of distribution for the UK and Ireland.
The Financial Conduct Authority’s plan to include portfolio management in the remit of the Sustainable Disclosure Requirements has been described as a “crucial” step for inclusion and the protection of retail investors.
Hargreaves Lansdown has dropped the Jupiter Global Value Equity from its Wealth Shortlist ahead of the departure of star manager Ben Whitmore.
Asset Value Investors has launched the open-ended offering of its £200m Japan Opportunity trust, which focuses on Japanese small-cap equities.
Goldman Sachs Asset Management’s alternative investments trust Petershill Partners has proposed to return up to $100m to shareholders through a tender offer.
WisdomTree has expanded its passive equity range with the launch of the US Quality Growth UCITS ETF.