What went wrong for Fundsmith Equity in 2024? January 3, 2025 Fundsmith Equity, the largest investment fund in the UK, registered its fourth consecutive year of underperformance in 2024. Terry Smith’s £22.6bn fund returned just 8.9 per cent last year, compared to 20.8 per cent for its benchmark, the MSCI World Index. This drastic underperformance followed a similar trend from previous years. The fund underperformed its [...]
JTC: Profit soars after spate of acquisitions September 17, 2024 Financial services provider JTC has hailed a good start to the year after beating its upgraded guidance after a flurry of acquisitions. The acquisitive fund management firm, which is a FTSE 250 constituent, reported revenue of £147.1m in the six months to 30 June, a 21.1 per cent rise on the year prior. Earnings before [...]
RM Funds poaches Brooks Macdonald fund mandate September 5, 2024 RM Funds, best known for its shareholding in embattled investment trust Home REIT, has won the mandate for the £146.6m Brooks Macdonald Defensive Capital fund. The Defensive Capital fund, which will be renamed as the RM Defence Capital fund, was launched in 2010. It is built as an all-weather return fund with low volatility through [...]
Which were the best and worst performing funds in July? August 2, 2024 Smaller company funds were the best performing on the market in July, as the cheapest assets on the market finally started to bounce back.
UK investors see India and tech funds smash June as climate strategies falter July 1, 2024 Ben Yearsley, director of Fairview Investing, described the Indian bounce as "slightly surprising" given the initial market panic initially after the election.
Meet the Fund Managers: Andrew Lake explains how to find value in escapism June 25, 2024 In this episode of Meet the Fund Manager, investment reporter Elliot Gulliver-Needham sits down with Andrew Lake, head of fixed income at Mirabaud Asset Management and manager of the Mirabaud Global Strategic Bond fund.
Jupiter extends the exit of star fund manager June 5, 2024 Jupiter has said it has extended the departure of its star fund manager Ben Whitmore.
Ninety One cuts dividend as assets fall and outflows continue June 5, 2024 "Challenging" market conditions have hurt the asset manager Ninety One.