Impax AM shares tumble as inflows slow sharply
Fund manager of Impax Environmental Markets sees its shares tumble 12% after revealing a sharp slowdown in its six month fund inflows.
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Biotech Growth predicts ‘substantial recovery’ as valuations hit 20-year low
‘We believe the unprecedented sell-off in emerging biotech has driven valuations to 20-year lows, giving a compelling valuation argument to our bullish stance on the sector,’ says fund manager Geoff Hsu.
Worldwide Healthcare hopes for M&A revival after record results unravel in slump
The £2bn Worldwide Healthcare trust has fallen foul of the bear market in biotechnology but its managers believe renewed bids and mergers will provide a sector rallying point.
Terry Smith’s Quest shows UK micro-caps are incredible bargains, says Odyssean
A valuation tool developed by star fund manager Terry Smith shows UK ‘micro-cap’ stocks trading at their biggest discount to fair value in 20 years, according to Stuart Widdowson of Odyssean investment trust.
Oil price drop puts FTSE on the back foot as energy suffers
A sharp fall in the crude prices leaves FTSE 100 struggling for direction as energy and commodity stocks take a hit, while Dr Martens is one bright spot, jumping 25% after bumper results.
JPMorgan Russian becomes hugely expensive cash fund after Kazakhstan exit
JPM Russian Securities, the UK’s only listed Russia fund and worst-performing investment company this year, is sitting on 93% cash after offloading its holdings in Kazakhstan.
BEMO: Russia’s collapse hurt but new Middle East holdings helped spare us the worst
Going into the Ukraine war with 23% invested in Russia was painful for Barings Emerging EMEA Opportunities, but investors in former eastern European fund can be glad over three quarters of its assets are now in the Middle East and South Africa.
JPMorgan Japan sticks by tech despite ‘disappointing’ losses
The managers of JPMorgan Japanese have rejigged their portfolio to capture Japan’s ‘technological transformation’ after ‘disappointing’ performance in the six months to the end of March.
FTSE sluggish as EU cuts off Russian oil; Unilever up as activist joins board
FTSE 100 ekes out a small gain as EU leaders agree to step-back from Russian oil, Unilever soars 7% as activist investor Nelson Peltz joins the board and China trusts rally as Shanghai prepares to end a two-month lockdown.
Unilever brightens FTSE with leap at activist Peltz’s arrival
FTSE 100 ekes out a small gain as EU leaders agree to step-back from Russian oil, Unilever soars 7% as activist investor Nelson Peltz joins the board, and China trusts rally as Shanghai ends two-month lockdown.
‘Gloomy’ Capital Gearing hunts for discount opportunities in end-of-era market retreat
Analysts praise defensive fund for another successful year of capital preservation as its fund managers, led by Peter Spiller, publish an extraordinarily downbeat assessment of equity and bond markets.
Securities Trust of Scotland doubles down on consumer names after solid start at Troy
As the cost of living crisis bites, the global equity income fund managers at Securities Trust of Scotland double down on the consumer sector, with recent purchase Domino’s Pizza bolstering big brands including British American Tobacco and Pepsi.
