David Cumming among 10 Aviva manager exits in fund shake-up citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
UK small cap funds see second highest inflows on record in April
IA UK Smaller Companies took in £240m in April as economy began opening back up
UK small cap funds enjoyed a bumper April, recording their second highest inflow on record, as investors bet on the domestic economy following the relaxing of Covid restrictions.
Savers poured £240m into the IA UK Smaller Companies sector last month, up from £217m in March, according to data from the Investment Association. This was its highest monthly inflow since the record £279m in December 2019.
UK equities as a whole took in £46m of net retail inflows in April, with UK Smaller Companies’ strong performance offsetting outflows from the UK All Companies and UK Equity Income sectors which lost £65.7m and £128m respectively.
‘Dividend hero’ investment firms have delivered inflation-demolishing growth in dividends to shareholders over the past five years, despite the challenges of the Covid-19 pandemic, the Association of Investment Companies (AIC) has revealed.
Home / News / Marlborough Special Situations looks to ‘run winners’ for longer with policy and sector change
Marlborough Special Situations looks to ‘run winners’ for longer with policy and sector change
‘I think by changing the goalposts they start to dilute their message’
Marlborough Special Situations is broadening its investment policy to include companies higher up the market cap scale and moving to a different Investment Association sector to help the managers “run winners” for longer.
The fund, managed by Eustace Santa Barbara (pictured) and Guy Feld, will continue to focus on small cap companies, but from 2 August it will be able to hold a higher proportion of mid and large cap holdings.
UK funds back in favour as retail investors turn away from US stocks
Latest data from Investment Association
March saw £472m invested in the UK All Companies sector and £217m in smaller UK companies
Anna Fedorova
UK equities finally attracted investors attention in March after almost a year of outflows, according to the latest Investment Association data, while US equity funds suffered withdrawals of £1bn.
According to the IA, March saw £472m invested in the UK All Companies sector and £217m in smaller UK companies. Though by no means the best-selling sectors - the top spot was taken by IA Global with net retail sales of £1.6bn in March - this marks the first such inflows into these two sectors in six months.