Citywire news

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.

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.

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.

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.

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.

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.

With an energy crisis, soaring inflation and tanking growth stocks, Redwheel fund managers Ian Lance and Nick Purves see parallels with the 1970s. And it’s good news for their portfolio of UK value stocks.

Investment trusts which own wind farms and other renewable energy assets knocked by reports that a potential windfall tax on oil companies could be extended to electricity generators also benefitting from sky-high power prices.

Chrysalis has booked a significant drop in the valuation of top holding Klarna but registered more positive news on Starling Bank, as the fund’s managers make a renewed attempt to draw a line under this year’s heavy losses.

The UK’s longest-serving fund manager explains how Capital Gearing Trust is waiting for a ‘Volcker moment’, which should lead to a golden era for investors.