Hints and tips:
...Georgina Brittain, manager of the JPMorgan UK Small Cap Growth & Income trust, notes that in the past, mid-caps have traded at a premium to the FTSE 100 as they are considered more nimble and faster growing...
...In the case of Jupiter Mid Cap Fund, analysts at Morningstar say the outflows have arguably made it a more manageable size for a UK mid cap fund....
...So I will introduce new requirements for DC and local government pension funds to disclose publicly their level of international and UK equity investments....
...Thus, I was able to purchase three new holdings for modest prices: Manolete, Secure Trust and STV....
...Despite suffering initial outflows, he says Lord Abbett returned to inflows in the last few days of March, with investors buying back into its equity funds....
...Mr Hughes said the trust launches were a sign that managers had learnt from the Woodford scandal, opting for closed vehicles instead of open-ended funds and using trusts for small and mid-cap companies....
...Listed UK fund companies Jupiter and Ashmore, along with Legg Mason, Waddell & Reed, Ameriprise, Nuveen, Lord Abbett and Putnam in the US, are often touted as potential participants in M&A deals, despite...
...James Maltin, investment director at Rathbones, the wealth manager, says: “There is a wide gap in valuations between the large-cap US stocks, and the mid-caps and smaller companies....
...If the shares are in demand, they can become more expensive than the fund’s net asset value. “What’s the catch [with these trusts?]” asks Mr Summers....
...Ken Kalfus Author of ‘Coup de Foudre’ Shrinking ice caps, climate change and habitat loss demand that we rethink our relationship with the natural world....
...Deepak Khanna is moving from Lord Abbett to become head of US large-cap value equities while Thomas Clarke will become head of lending and deposit products, Americas, in September after leaving JPMorgan....
...But Hudson’s Bay operates two mid-tier department store chains, Bay’s in Canada and Lord & Taylor in the US....
...Many “special situations” and equity growth funds are also biased towards mid- and small-cap shares and in some cases – Marlborough and BlackRock among them – share the same management team....
...● Eli Salzman has joined Neuberger Berman as a managing director and portfolio manager focusing on US large-cap value equity strategies....
...He later moved to TSB Investment Management and in 1987 cleared his portfolio of small-cap stocks just days before the crash. He took over Jupiter’s Income Trust in 2000....
...On the mid-cap fallers board, 3i Group settled 6.6 per cent lower at 66¾p....
...“Our portfolio managers are starting to see a lot more opportunities in the mid-cap space,” said Jason Farago of Lord Abbett, which has re-opened its $8.6bn mid-cap value fund after five years....
...Abbett International Core Equity fund....
...Among the mid caps, Forth Ports added 0.5 per cent to £21.75 as hopes of a bid from Macquarie refused to die down....
...The prevailing wisdom is that cash-rich companies should gear up the balance sheet and hand some of the profits back – especially with private equity predators cruising the mid-caps....
...The sector was in demand after Lord Hollick, the former chief executive of United Business Media, was hired by the US private equity house, Kohlberg Kravis Roberts....
...tax to fund a cut in welfare contributions that would make expensive German workers cheaper to employ....
International Edition