Association of Investment Companies
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10 investment companies added with assets totalling £3.24 billion.
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Citywire news
News content provided by Citywire.
Stuart Widdowson, former star manager of Strategic Equity Capital, falls short of £100 million target for new fund but proves initial public offer market remains open.
Deep value investment trust goes second year without paying managers Phoenix Asset Management Partners a bean despite successful 12 months of growth and outperformance by UK’s former ‘worst fund’.
Trust is second in Fidelity stable to adopt a variable fund management charge. The change comes as it and rivals Scottish Oriental and Henderson Far East Income struggle to beat a tech-stock led rally.