IMA

Ignis Asset Management has converted its £1.2bn UK Property fund into a Property Authorised Investment Fund (PAIF) in a bid to offer investors a tax-efficient way to access the vehicle.

M&G Global Basics' new lead manager Randeep Somel has revealed some of the key holdings he has introduced since taking over from Graham French in November.

ASSET ALLOCATION

Baring Asset Management is to shut its Corporate Bond fund on 2 May following several years of poor performance and a series of large redemptions, Investment Week can reveal.

Unicorn Asset Management is looking to strengthen its core UK equity offering by renaming one fund, preparing a new launch for John McClure and hiring two new team members.

Some of the UK's biggest wealth managers are turning positive on emerging markets as months of poor performance and outflows begin to reverse.

The UK Equity Income sector's total return outstripped other income-focused offerings in the last year, easily surpassing Asian, European and global equity market products. Does that make now a good time to switch?

ONE TO WATCH

The Investment Management Association is planning an industry standard for how fund groups disclose turnover costs, it has emerged.

The Investment Management Association is to merge with the Association of British Insurers' investment affairs unit in a bid to give fund managers a single, stronger representative voice.