Equities
Fidelity fund cashes in on Trump military spend
Fidelity Special Situations fund manager Alex Wright has increased his allocation to defense companies in a move set to exploit Donald Trump’s significant increase in his military budget announced in Q1, as the US attempts to create a more lethal Joint Force.
UK buyers choosing global funds over domestic
Morningstar Investment Management says UK buyers are flocking to global equity funds as regionally diversified exposure proves more alluring than the beleaguered domestic market.
European ETF sales for March slowest in almost three years
Net new assets gathered by exchange traded products saw the lowest monthly net inflows in March since June 2015, according to data from ETFGI.
Temit investors recommended to switch to Mobius rival
The JP Morgan Emerging Markets Investment Trust has been touted as a stable alternative to the Templeton Emerging Markets Investment Trust, where careful succession planning following Mark Mobius’s retirement was thrown into disarray with the sudden departure of his replacement Carlos Hardenberg earlier this year.
Seilern IM adds ‘adviser friendly’ clean share classes
Seilern Investment Management has launched ‘clean’ share classes for three of its Seilern Stryx equity funds, making them “a bit more adviser friendly”, a spokesperson told International Adviser.