Fixed Income

Assets under management in UK funds reached a record £658bn last year, with fixed income yet again the best-selling asset class despite a late surge in interest in equities.

DIVIDENDS

The number of assets in underperforming 'dog' funds has more than halved since last summer, but more than £12bn remains stuck in such offerings, according to Bestinvest's latest 'Spot the Dog' list.

Majedie Asset Management has launched a UK Income fund for manager Chris Reid.

Neil Woodford's giant income portfolios, two of the best performers over the past decade, have been given a ‘sell' rating in Sanlam Private Investments' (SPI) latest White List Income Study.

Henderson's European equity managers Bill Stormont and Paul Casson have both left the firm, along with smaller companies manager Simon Savill.

The euro crisis is over, according to European Commission president José Manuel Barroso.

A wall of cash running to tens of billions of pounds could be about to flee from government bonds into the stock market, top investors have warned.

Benchmark ten-year gilt yields have moved back above 2% for the first time since last May as the equity rally is mirrored by a sell-off in core government bonds.

Schroders has reached an agreement to acquire US investment grade fixed income manager STW Fixed Income Management.