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Investment Funds
Dynamic distribution breaks £100m
Leading fund manager, Standard Life Investments today celebrates a milestone for its Dynamic Distribution Fund which has passed through the £100m mark.
S&P assigns "A (New)" Fund Management Rating to Old Mutual Equity Income Fund
A Government drive to prevent rogue landlords wrongfully withholding tenants' deposits is showing early signs of success, according to figures published for the first time today.
Standard Life Investments enters Swedish property market
Standard Life Investments, one of the largest property fund managers in Europe, has announced that it has made its first acquisitions in the Swedish property market as part of a further €35.5m strengthening of its European Property Growth Fund (EPGF).
FundsNetwork expands choice for income, ethical and best ideas funds
Fidelity FundsNetwork, is to increase the choice of income, ethical, and best ideas funds available by adding seven new funds to the platform. The new funds will be available for investment directly into the fund, within an ISA, PEP or SIPP, and also the newly-launched FundsNetwork International Bond.
German Business Climate remains positive
As the best performer among Europe’s eight biggest markets in 2007 so far, the economic outlook in Germany is promising. Munich-based research institute, the IFO, recently reported that the German business climate remains favourable, after their sentiment index reached 108.6 this month, its second highest level since reunification.
Chinese Tax on securities raised to 0.3%
Shanghai stocks are trading lower today after the announcement that the stamp duty on securities transactions will be raised from 0.1% to 0.3%.
Post offices boost WH Smith profits
As the government continues with its planned closure of crown post offices across the UK, WH Smiths' trials to launch the post office franchise in existing stores have proved successful according to Luke Newman, manager of F&C Special Situations Fund.
F&C files proposal for tighter controls at Wal-Mart
In advance of tomorrow's Wal-Mart AGM, F&C has co-filed a shareholder proposal over concerns that the supermarket giant is failing to comply with its own governance standards.
HSBC investments extends fund choice in bundled DC pensions offering
HSBC Investments in the UK has made 15 funds from external providers available within its bundled defined contribution (DC) proposition.
Booming Pacific/SE Asia funds turn cautious
Managers of funds investing in the Pacific and South East Asia delivered outstanding performance in the six months to the end of March 2007 but have now turned cautious on the outlook, seeing a variety of risks despite healthy fundamentals.
China raises stamp tax to cool equity market
Last night the Chinese government announced that the stamp duty would be raised from 0.1% to 0.3%. Following the news, domestic Chinese equity markets fell quite sharply.
SWIP boosts institutional sales by 22% over 2006
Scottish Widows Investment Partnership (SWIP) has seen significant growth in its UK institutional business winning a record £1.3bn gross new business over 2006, a rise of 22% on the previous year’s figures.
Funds under management rise 2% in April
Funds under management of UK domiciled investment funds were £459 billion in April, an increase of 2% from March and 19% from April 2006, according to the Investment Management Association (IMA).
Scottish Widows lifts Property Life fund restriction
From 1 June 2007, Scottish Widows is lifting the restrictions on investing in its Property Life fund.
Old Mutual Ethical Fund continues to deliver strong performance
The Old Mutual Ethical Fund continues to deliver strong returns and is ranked in the top quartile of the IMA UK All Companies sector over the one, two, three, four and five year periods to the end of April.