Fixed Income

CLEAN

Mirabaud Asset Management has launched a high yield bond product for its latest recruit Andrew Lake, who joined the group from Aviva Investors at the start of the year.

The start of 2013 has brought some New Year cheer to equity investors, with the FTSE 100 recording its best January since 1989.

The FTSE 100 rose 6.43%, or almost 380 points, in January, making this the strongest start to the year since 1989.

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.