Managed solutions

Multi-tied network Openwork has launched four funds which will form the basis of a range of multi-asset model portfolios soon to be available via its investment proposition, Omnis.

UBS Asset Management is to become the latest group to boost its passive fund offering in the UK, as it launches the first product in a new range for retail investors.

TEN TO DROP

Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so-called ‘great rotation' into equities from fixed income is not occurring on a cash level, despite suggestions to the contrary.

CUT DOWN

RWC is adding a distribution share class to its Global Convertibles fund in response to demand from UK discretionary fund managers (DFMs).

The Financial Services Authority (FSA) is set to make clear that venture capital trusts (VCTs) and real estate investment trusts (REITs) will not be included in a forthcoming ban on the sale of unregulated collective investment schemes (UCIS) to most...

Dawn Kendall has left her role as senior fund manager at multi-manager Architas.

The £1.2bn St James's Place Equity Income trust, managed by RWC's Nick Purves, has been kicked out of the IMA UK Equity Income sector for failing to meet the minimum yield target.

Invesco Perpetual's Neil Woodford has sold his position in Voadafone, a former favourite in his two huge income funds.