James Harries is increasing exposure to oil and gas stocks in his Newton Global Higher Income fund, having compared the investment opportunities in the sector to those in the mining industry a few years ago.
Hargreaves Lansdown's shares rose on news the government is set to increase the personal ISA allowance to £15,000, whilst life insurers including Legal & General suffered a brutal sell-off, after Chancellor George Osborne unveiled the latest Budget....
Chancellor George Osborne unveiled a "dramatic" change in the ISA system in today's Budget.
Allianz Global Investors has introduced a new sterling share class on its Global Small Cap Equity fund with a lower annual management charge.
Dalton Strategic Partnership has cut the annual management fee on its Melchior Global Equity fund in a bid to offer retail investors alpha for the cost of a passive fund.
Fund buyers are selling their US passive holdings and buying into high conviction stockpickers as correlations in the market subside from historic highs.
M&G's Randeep Somel is looking to steer the £4.2bn Global Basics fund into new territory when he takes over from Graham French, buying technology, pharmaceuticals, and financials in a first for the portfolio.
Veteran fund manager Graham French is to leave M&G, handing over his Global Basics fund to his co-manager. Should holders of the fund consider other options?