Omnis Investments replaces Woodford with Jupiter Asset Management June 21, 2019 Wealth manager Openwork’s Omnis Investments has chosen Jupiter Asset Management to run a £317m fund that was formally run by Neil Woodford’s firm. Openwork removed Woodford Investment Management from the Omnis Income and Growth fund shortly after Woodford suspended its flagship fund on 3 June. Read more: Hargreaves Lansdown chief executive angered by suspended Woodford [...]
Podcast: Funds, dividends and investing basics June 21, 2019 | City Talk interactive investor experts Moira O’Neill, Lee Wild and Richard Hunter kick off ii’s inaugural podcast by focusing on funds and dividends. To listen to the podcast, please click below: Moira O’Neill explains what a fund is, how to start building an investment portfolio, and how ii’s Super 60 funds list could help you get started, as well as [...]
Hargreaves Lansdown chief executive ‘angered’ by suspended Woodford fund June 20, 2019 Hargreaves Lansdown chief executive Chris Hill said he is “angered” by the lack of resolution regarding Neil Woodford’s suspended flagship fund. The fund supermarket’s investors currently have £1.6bn exposed to the suspended Woodford equity income fund. Read more: Woodford failed to warn Hargreaves Lansdown of unquoted stocks breach Since the fund was last tradable on [...]
Chance to buy one of the world’s largest retailers cheaply June 20, 2019 | City Talk By Rodney Hobson from interactive investor. After a temporary technical hitch, this highly resilient company should soon shake off the blip. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. He [...]
The instinctive biases investors must beware – Part 2: Cognitive errors June 20, 2019 | City Talk Behavioural science – and its financial offshoot, behavioural economics – have over the years proved fertile ground for articles. As such, we thought it would be useful to corral the key behavioural biases investors need to be alert against into one handy checklist – albeit one handy checklist divided neatly into two halves. That is [...]
Woodford failed to warn Hargreaves Lansdown of unquoted stocks breach June 19, 2019 Neil Woodford failed to warn Hargreaves Lansdown that his now suspended fund twice breached an investment limit in unquoted stocks. The fund supermarket had insisted Woodford Investment Management informed it if the equity income fund breached a 10 per cent limit. This followed concerns that the proportion of unquoted assets in the fund had increased. [...]
Obscure fees could be eroding your pension – here’s what you should be paying June 19, 2019 If you’ve ever endeavoured to compare fees charged by pension providers, you’re probably sat wild-eyed, rocking yourself back and forth. Despite the push to rid the financial sector of opaque and confusing charging structures, it’s still incredibly difficult for consumers to compare the fees levied by pension providers. Not only can it be difficult to [...]
Tesco shares: Reasons to be cheerful June 18, 2019 | City Talk Early selling following this Q1 update attracted bargain hunters. Our head of markets explains why. Tesco (LSE:TSCO) recovery from the dark days of having taken its eye off the ball in the UK continues apace. The radical overhaul which the business has undergone has seen Tesco’s shares rise by 50% over the last three years. More [...]
Which stocks are in the dividend danger-zone? June 18, 2019 Dividends are one of the perks of the stock markets. While investors can opt to take dividends as cash, reinvesting them can have a powerful impact on your portfolio. According to analysis from Fidelity, if you’d invested £100 a month in the FTSE All Share index over the past 30 years and reinvested all of [...]
Goldman Sachs to combine private investing units June 17, 2019 Goldman Sachs is merging four separate units to create a $140bn private investing business, according to reports. The bank will combine units that invest in private companies, property and other hard-to-access deals, the Wall Street Journal reported. Read more: Saga shares rise as it partners with Goldman Sachs to offer savings products Goldman Sachs’ existing [...]
