A small cut in its management fee may not be enough to enthuse investors in Andy Brough and Jean Roche’s investment trust but it does flag optimism for the future.
Funding Circle SME Income shares slide another 5% after direct lending fund slashes forecast returns and warns a hard Brexit will cause loan arrears to spike.
This year’s upsurge in stock market volatility fails to knock star fund manager Nick Train off course with Finsbury Growth & Income reporting a 13% total return though the struggles of software provider Sage are a concern.
Philip Webster and Julian Cane, managers of BMO UK High Income and BMO Capital and Income, have reduced holdings in big, sluggish FTSE 100 stocks in search of dividend growth from smaller companies.
The resignation of India’s central bank governor Urjit Patel shocked fund manager Gaurav Narain but boosted banks he holds in India Capital Growth.
Gulf Investment Fund is one of the surprise top performers of the year with its shares prospering despite huge political upheaval including Saudi Arabia's assassination of journalist Jamal Khashoggi.
Miton UK Microcap, the UK smaller companies trust managed by Gervais Williams and Martin Turner, suffers a blow from collapse in share price of energy supply business.
Aberdeen Standard Investments’ attempt to launch the Global Sustainability Trust has run into difficulty with the company extending the initial public offer until the end of January.
Boards of Henderson European Focus and Henderson Eurotrust convince Janus, a former advocate of performance fees, to stop their use.
Analysts applaud Medicx cutting its fund manager’s charges after slashing shareholders’ dividends but say the now 5%-yielding healthcare property fund must reduce its high level of borrowing.