After a successful 2019, specialist asset manager Liontrust (LIO) chalked up another strong quarter in the first three months of 2020 with total assets under management (AUM) increasing 27% on the previous year to £16.1bn. Net inflows for the quarter were just shy of £500m while for the year to 31 March they were almost £2.7bn, a 52% increase on the same period a year earlier. The inflows ...

The FTSE 100 got off to a slow start on Wednesday after a warning from the International Monetary Fund (IMF) that the global economy could suffer its worst fall since the 1930s. In its half-yearly forecasts, the IMF said gross domestic product (GDP) is expected to fall globally by 4.2% in 2020, by 6.5% in advanced countries, and by 7% in the UK. The UK’s benchmark index fell 0.63% to ...

The coronavirus outbreak is impacting all corners of the stock market but several company bosses are using share price weakness to top up holdings in their companies. The biggest deals involved both the chief executive and chief financial officer of FTSE 100 giant Reckitt Benckiser (RB.), maker of health, hygiene and home products, such as Dettol. New boss Laxman Narasimhan, who joined ...

Shares in Jupiter Fund Management (JUP) climbed 7.2% to 425p after it announced that it had reached a deal to buy smaller rival Merian Global Investors for £390m in shares and cash. The acquisition brings Jupiter another £22.4bn of actively-managed assets taking its total assets under administration to more than £65bn. Jupiter’s management said the deal ‘reinforces Jupiter's core UK ...

UK stocks advanced on Monday after Asian markets headed towards three-week highs on optimism that China's efforts to offset the economic impact of the coronavirus outbreak would have a positive effect. The FTSE 100 index gained 0.4% to 7,437 in early trade led by Mining stocks such as Antofagasta (ANTO), BHP (BHP), Rio Tinto (RIO) and other China-exposed stocks. US stock and bond markets are ...

Investors continue to pull money out of the markets, according to latest information. Trading statements from fund management firms Man Group (EMG), Miton (MGR) and Jupiter Fund Management (JUP) all show outflows from their core equity funds. Man Group’s funds under management at the end of September were $112.7bn compared with $114.4bn in June due to net outflows of $1.1bn, a $1.1bn ...

Markets are ending the week on a positive note with the FTSE 100 up 0.5% to 7,112 and the FTSE 250 up 0.6% to 19,290 after a big rebound in China’s manufacturing PMI survey boosted sentiment. For more on PMI surveys and their importance for investors, see here. The world’s largest advertising firm WPP (WPP) reported flat sales in 2018 despite the loss of several major client accounts as ...

The FTSE opens on the front foot on Friday as fears of trade wars subside and all eyes turn to the second quarter US GDP reading. The meeting on Wednesday between US president Donald Trump and European Commission president Jean-Claude Juncker has been seen by some as diffusing the trade tariff rhetoric somewhat. Telecommunications firm BT (BT.A) gains 3.7% after reporting a rise in first ...

Jupiter Fund Management’s (JUP) share price is down 28.2% since the start of the year to 453.6p. This is in stark contrast to many of its quoted peer group. For example, Miton (MGR:AIM) has seen its shares appreciate by 26.8% to 48p year-to-date. Liontrust (LIO) is up by 19.2% in value over the same period. Jupiter suffered a £3.3bn decline in assets under management in the three ...

Jupiter Fund Management (JUP) has been hit with the double whammy of negative market movements and clients pulling their money out of the company’s products. The result is a drop in assets under management (AUM) of £3.3bn down to £46.9bn in its first quarter to 31 March. This is a culmination of £1.3bn of client redemptions and negative market moves accounting for £2.08bn. With ...

The FTSE 100 is up 30 points to 7,255.77 following a strong performance on Wall Street overnight. It appears that fears of geopolitical fallout over Syrian airstrikes have subsided and all eyes will be on the UK’s consumer price index data due out later today. Shopping centre investor Hammerson (HMSO) gains 2.3% to 505p after pulling out of a deal to purchase rival shopping centre operator ...

Multi-manager funds are investment products which contain other funds as their main holdings rather than individual stocks, bonds or other assets. A multi-manager fund is also known as a fund of funds. The advantage of using one of these types of investments is that it provides an investor with access to a greater number of brains. Many people like the concept of buying a single product which ...

Asset managers seem to be riding a wave of decent results in recent times and Jupiter Fund Management (JUP) has just upped the ante. Its results for the first quarter of the year show that it has increased its assets under management (AUM) by 7.4% to £43.5bn. The jump is largely due to inflows into its mutual funds, which contributed £1.4bn for the quarter. The flows into Jupiter’s mutual ...

A asset managers Standard Life (SL.) and Aberdeen Asset Management (ADN) may have shaken hands on their £11bn merger (6 Mar) but don’t rule out a counter bid for either party. What are the terms of the deal? Aberdeen shareholders are getting no premium for a fairly straightforward merger. Standard Life shareholders would own two thirds of the combined operation. The enlarged group ...

Bookmaker William Hill (WMH) rebounds 5% to 274.9p on relief a 10% dip in full year operating profit to £261.5m meets downgraded guidance. CEO Philip Bowcock flags an encouraging start to 2017, positive trends in amounts wagered seen in all four divisions in the seven weeks to 14 February. International Consolidated Airlines (IAG) rises 2.8% to 518.5p on news of improved fourth quarter ...

A $6bn (£4.7bn) merger between UK-listed Henderson (HGG) and  Janus Capital (JNS:NYSE) could spur further consolidation in the asset management sector. Shares in Henderson rallied as much as 17% to 272p on news of the deal (3 Oct), which will see Henderson shareholders own 57% of an enlarged Janus-Henderson group with $320 billion of assets under management (AuM). Investors also snapped ...

Clarity on the Brexit timetable by Prime Minister Theresa May sends the pound down 0.3% against the dollar at $1.2936 and triggers a small sell-off in banks and housebuilder shares. The latter overshadows expectations that Chancellor Philip Hammond will unveil a £5 billion housebuilding stimulus package later today at the Conservative Party conference. Fund manager Henderson Global Investors ...

Investors showed their appetite for cancer diagnostic developer Angle (AGL:AIM) on Wednesday by supporting a substantial share placing at a zero discount. The Guildford-based company, which has developed a liquid biopsy device to detect cancer, raised £10.2 million, more than a quarter of its market cap, by selling around 15.8 million shares at 64.5p each, bang on Tuesday’s closing ...

Performance at asset managers will be under the spotlight on Tuesday 19 April when Ashmore (ASHM) updates on performance for the first three months of the year. Assets under management (AuM), the key source of earnings in the industry, tend to track wider markets and volatility in the first quarter looks likely to have dented underlying earnings after signs of improvement in the final three ...

Weak overnight trading in Asia takes its toll on a number of stocks in early deals in London, sending the FTSE 100 index 54 points lower to 6,042. Stocks in Shanghai fell 2.9%, Hong Kong's Hang Seng was down 1.3% and Japan's Nikkei shed 1.0% after a meeting of the world's 20 largest economies in China over the weekend flagged a series of risks to global economic growth. Emerging ...