News

Ian Aylward has cut Aviva Investors' multi-manager exposure to US equities to an underweight position for the first time since 2011, fearing the stocks are deeply over valued.

The manager of the top fund in the Investment Association Targeted Absolute Return sector in 2014 is short resources companies and long annuity providers as his conviction positions this quarter.

Rathbones is planning to expand its range of services for high net worth clients with the launch of a private office.

Witan investment trust has become the tenth investment trust to grow its annual dividend for 40 consecutive years, according to the Association of Investment Companies.

The pro-business reforms implemented by India's prime minister Narendra Modi are making state-owned companies look attractive for investors, according to Somerset Capital's Dhawal Mehta.

Hermes Investment Management's Mark Sherlock has said the lag in US capital expenditure growth is still holding back stocks despite the strong equity market returns seen in recent years.

Aegon UK posted a 37% increase in earnings in the fourth quarter of last year, compared with the same period in the year before, citing increased demand for income drawdown on its platform.

The FCA has published a feedback statement on dealing commissions, saying it strongly supports ESMA's recommendations and wants to implement its own rules alongside MiFID II.

JO Hambro Capital Management's Clive Beagles has blamed an underweight in defensive stocks for the underperformance of the £2.7bn UK Equity Income fund last year but said he refuses to invest in "bond lookalikes".

Rathbones saw its funds under management boosted in 2014 thanks to deals with Jupiter Asset Management and Deutsche Asset & Wealth Management.