The JPM Natural Resources fund has boosted its gold hoard from all-time low levels following ongoing concern for oil and copper prices. Run by Neil Gregson and his commodities team, the £760m fund is trying to position itself in a market with “appalling sentiment”. Portfolio manger James Sutton says: “We have increased our gold position
Commodities are hot at the moment. After three catastrophic years oil, copper and silver looks cheaper than ever. For a contrarian investor, this weakness could be an opportunity. One of the purest ways to access commodities is through exchange traded commodities. Before ETCs were launched real assets like nickel, gasoline and wheat were only available
Standard Life Wealth has acquired Newton Management Limited’s private client division in a deal worth up to £83.5m. Newton’s private client business has assets under management of £3.6bn, which SLW says will more than triple its discretionary assets. It has approximately 3,000 UK and international high net worth, ultra high net worth and charity clients,
The Bank of New York Mellon is an international investment company based in New York, with EMEA headquarters in London and Asia-Pacific headquarters in Hong Kong. It was formed in 2007 as a result of the merger of the Bank of New York and Mellon Financial Corporation. With 15 offices in the UK, BNY Mellon
Fusenig joined the board in 2009, following Aberdeen’s acquisition of certain Credit Suisse businesses in 2008. Roger Cornick, chairman of Aberdeen Asset Management, says: “I would like to thank Gerhard for his contribution as a director of the company. Since joining the board in October 2009 he has provided valuable insight and analysis.” The news
SVM Asset Management, founded in 1990 by Colin McLean, focuses on British and European equities and global funds of funds. Its fund managers run onshore Oeics, investment trusts, hedge funds and segregated institutional portfolios. SVM has assets under management of £600m. The age of the boutique asset management company has been declared many times
British-based dividend funds have traditionally displayed a marked domestic bias. Recently, however, the number of products targeting dividend-paying firms in other countries have grown in number. Somerset Capital Management, a boutique operation launched in 2007, began with the aim of introducing a new type of fund to the market. In March 2010, it launched the
Jonsson was most recently head of global aggregate strategies at JP Morgan Asset Management, where he worked for 15 years. Since 2008, Jonsson had responsibility for $14bn (£9bn) in assets under management across relative return, total return and absolute return strategies at JPMAM. Neuberger Berman head of EMEA and Latin America Dik van Lomwel says:
The db x-trackers Nikkei 225 Ucits ETF had previously included an annual all-in fee of 0.25 per cent per annum. However Deutsche has now taken steps to reduce the annual fee on the Nikkei ETF down to 0.09 per cent. The Japanese equity ETF is part of Deutsche AWM’s core ETFs range which carry annual
But it is hard to see why technical analysis should work. There is no reason why stock prices should follow regular patterns. As Burton Malkiel, a professor of economics at Princeton, argues in A Random Walk Down Wall Street: “The stock market has no memory. The central proposition of charting is absolutely false, and investors
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