Manager moves have led to the majority of funds being kicked off the FE Invest Approved List in its latest rebalance.
Alexander Darwall's resignation led to the Jupiter European fund being ejected from the buy list, Premier Defensive Growth saw Paul Smith's exit in August and Columbia Threadneedle is still reeling from Leigh Harrison's departure as head of equities and co-manager of the Threadneedle UK Equity Income fund. The Aberdeen Standard Investments Short Duration Credit fund was also taken off the Approved List. FE said the challenging market conditions continue to justify the need for low-risk, highly diversified offerings. Research manager Charles Younes said: "With a defensive posi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes