european equities

Odey Asset Management is to launch a European Absolute Return fund for manager Feras Al-Chalabi later this year.

EUROPEAN INCOME

Franklin Templeton's Mike Clements has more than halved the size of the Franklin European Opportunities fund as he takes over management of the portfolio.

Equities were the best-selling asset class in August for the fifth month in a row, with over £1bn in inflows, according to the latest Investment Management Association (IMA) statistics.

The value of short positions in UK and European stocks has hit multi-year lows as the recent market run-up dissuades investors from making negative bets.

BlackRock is set to soft-close its £1.96bn European Dynamic fund, run by Alister Hibbert, while its European Absolute Alpha fund will be capped at £100m.

UBS Global Asset Management is closing its European Equity fund in September due to poor performance and dwindling assets.

Nigel Cuming, CIO of Canaccord Genuity Wealth Management, is considering allocating to European equities and property as equity markets continue to rally.

Franklin Templeton is to overhaul its European equity OEIC and rebrand Ben Russon's UK Select Growth fund to create a new range of multi-cap portfolios, Investment Week can reveal.

Low equity prices in Europe are deceptive and could spell problems for unwary investors, according to Gregory Kolb, manager of Janus Capital's Perkins Global Value Fund.