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16 июля, 16:54

Spotlight on Promoter Concentration in the European ETF Industry

Investors, market observers, and regulators always raise questions about the competitiveness of the European exchange-traded fund industry since the assets under management seem to be concentrated among a few ETF

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15 мая, 20:33

Fund manager Mark Barnett leaves Invesco after investor concern

Departure of Barnett, who managed £5bn of investors’ money, was ‘mutually agreed’Mark Barnett, one of the UK’s best-known fund managers and a former protege of Neil Woodford, has left City firm Invesco, a month after being sacked from another high-profile fund he ran.Barnett, who was with Invesco for 24 years, managed £5bn of investors’ money across several UK equity funds. Continue reading...

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13 апреля, 15:03

Happy Birthday ETF Industry – A Review of 20 Years of ETFs in Europe

On April 11, 2000, the first two exchange-traded funds (ETFs) based on the EURO STOXX 50 and the STOXX Europe 50 were listed in Germany. With this listing, Merrill Lynch

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06 апреля, 21:24

Mark Barnett, a Neil Woodford protege, sacked from investment trust

Invesco Perpetual board says decision follows ‘extended period of underperformance’Mark Barnett, the protege of fallen investment star Neil Woodford, has been sacked as manager of a £400m investment trust for poor performance.Barnett has been handed six months’ notice by Invesco Perpetual Income and Growth Investment Trust after more than 20 years as its manager. Continue reading...

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27 января, 03:01

£30bn pension fund: we'll sack asset managers that ignore climate crisis

Brunel Pension Partnership sets 2022 deadline for investment firms to reduce exposureA £30bn British pension fund has threatened to sack investment managers that do not take action on the climate crisis, criticising the sector as “not fit for purpose”.Brunel Pension Partnership, which manages pension money for nine councils in south-west England as well as for the Environment Agency, said it would review the mandates of asset managers that don’t reduce exposure to climate risk by 2022. Continue reading...

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04 декабря 2019, 20:44

Customers clinch victory as Co-op Bank recognises ethics campaign

Customer union’s 1,200 members vow to protect rescued bank’s ethical policiesThe Co-operative Bank has agreed to formally recognise a customer “union” which aims to protect the bank’s ethical policies now it is owned by hedge funds.The Customer Union for Ethical Banking said the agreement would give it influence with the Co-operative Bank’s leadership, and help the group rally support for its long-term goal of returning the lender to cooperative ownership. Continue reading...

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08 июня 2019, 18:47

Bright star to black hole: the rise and fall of fund manager Neil Woodford

Suspension of his high-profile fund sparked investor anger and talk of a formal FCA probe. The horse-riding, Porsche-driving stock picker badly needs to change tackHe was, the BBC declared in 2015, “the man who can’t stop making money”. He was the rock star of pensions and fund management, awarded a CBE for his services to the economy. But now, since Neil Woodford stopped investors from withdrawing their own money from his flagship fund, he is in the spotlight for all the wrong reasons.His Woodford Equity Income Fund holds the pension savings and investments of tens of thousands of people. But it has been performing so badly that investors were withdrawing money at the rate of £10m a day. Continue reading...

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05 июня 2019, 10:45

Neil Woodford apologises to investors for suspending fund

On YouTube, City stock-picker says decision ‘was necessary to protect your interests’Neil Woodford has apologised to investors in his first public comments since he suspended trading in his largest fund on Monday.Once the UK’s most renowned fund manager, Woodford said he was “extremely sorry” for taking the decision to block investors from pulling cash from his flagship Equity Income Fund – but insisted it was in their best interests. Continue reading...

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04 июня 2019, 12:58

Shares in Woodford-linked funds and firms fall after suspension

Hargreaves Lansdown among those affected by investment manager’s withddrawals block• Neil Woodford: star fund manager mixes arrogance and humilityThe City stock-picker Neil Woodford has experienced another blow after a decision to block investors from pulling cash from his flagship fund caused share prices to fall in his listed fund and a number of other companies where he is a key investor or which sell his funds.Woodford’s Patient Capital Trust Fund, which is listed on London’s FTSE 250 index, tumbled as much as 20% in early trading before closing 7.2% lower at 71p a share. Continue reading...

30 ноября 2018, 21:00

Hedge Portfolio With These ETFs Ahead of Trump-Xi G-20 Meet

Investors are likely to be on toe ahead of Trump-Xi G-20 meet, which could give a new direction in the ongoing trade tensions. So, they can consider these ETFs to hedge their portfolio.

30 ноября 2018, 16:00

Best and Worst ETFs of November

These ETFs stood up and fell down in the month of November.

30 ноября 2018, 04:20

Trump's wealthiest Cabinet members earned millions in 2017

President Donald Trump’s three wealthiest Cabinet members took in tens of millions of dollars last year, including from divesting holdings to avoid conflicts of interest, according to disclosure filings released by the administration.Education Secretary Betsy DeVos and her husband took in at least $59.4 million in 2017, Treasury Secretary Steven Mnuchin reported income of more than $41.6 million, and Commerce Secretary Wilbur Ross tallied $47 million that year, according to annual financial disclosures each made to their agencies. A substantial chunk of the trio’s income came from the sale of assets. They also reported bringing in money from dividends, capital gains and interest on accounts, the filings show.Government officials had until May 15 to file their annual disclosures for 2017, and most officials’ forms were posted online by the Office of Government Ethics earlier this year. The ethics office has yet to formally sign off on and publish the three officials’ disclosures. The departments released them at POLITICO’s request this week.Critics of the administration have scrutinized DeVos’, Mnuchin’s and Ross’ holdings and were watching to see if they divested assets that could pose conflicts of interest with their current jobs. President Donald Trump has defended hiring wealthy and connected people for powerful positions in his administration, saying they don’t want the jobs for the money and that “these are people that are great, brilliant business minds.”Mnuchin’s disclosures show that in 2017, he sold holdings in Seritage Growth Properties, which leases stores to Sears and ESL Partners, a hedge fund run by Sears Chairman Eddie Lampert, a longtime friend of the Treasury secretary’s. With Sears in bankruptcy and its pension at risk, Democrats on the Senate Finance Committee earlier this year asked Mnuchin to recuse himself from matters before the Pension Benefit Guaranty Corp. involving the company. The Treasury secretary is one of three PBGC board members who will have a say in the future of Sears pensions. Mnuchin has completed the divestitures required by career ethics officers, a Treasury spokeswoman said. He grossed $2 million to $10 million on his Seritage holdings, according to his filing. Mnuchin received $65,000 to $150,000 on the sale of his interest in ESL Partners.His June 2017 marriage to Scottish actress Louise Linton brought new assets into the family, including more than $2.2 million in real estate in Edinburgh, Scotland, the disclosures show.“The secretary submitted his annual financial disclosure on time, and Treasury is working with OGE to have it promptly certified,” the spokeswoman said.DeVos agreed to divest 102 separate assets when Trump nominated her to be his education secretary. She made three new investments last year, according to her disclosure, including a stake in a Michigan distillery valued at $500,001 to $1 million.The DeVos disclosure, filed May 14, was amended a dozen times before being certified by Education Department ethics officials on Sept. 19. Ross faced scrutiny from government ethics officials and watchdog groups for maintaining stakes in a range of companies that had business before his agency. A year ago, he incorrectly reported that he made all the required divestitures. He said this summer that he would sell all of his equity holdings and buy Treasury securities with the proceeds. Ross pocketed $6.1 million in 2017 for giving up stock options at his former employer, Invesco, and sold stock in the company valued at more than $5 million, the annual disclosure shows. Ross also earned a $970,530 departing bonus.The nonpartisan Campaign Legal Center has asked the Commerce Department’s inspector general to investigate whether Ross violated laws banning false statements and omissions in his earlier financial disclosures.“Ross’s financial disclosure is probably the most complicated one that has ever existed,” said Delaney Marsco, a Campaign Legal Center ethics lawyer. “For you or me, these financial disclosure documents would give a complete picture of our finances. But for people who are super wealthy, this doesn’t tell us everything we would want to know.”Some reported holdings are difficult or impossible to decipher. DeVos, Ross and Mnuchin all reported millions of dollars in holdings in limited partnerships and trusts, for example. In August and September 2017, Mnuchin spent $1.1 million to $5.1 million to acquire an asset called North Park I LLC. A Treasury spokeswoman declined to explain the transactions.“His filings are so opaque,” said Jeff Hauser, director of the Revolving Door Project at the progressive Center for Economic and Policy Research. “He’s the Treasury secretary, he gets so much market-moving information. This is not a guy who should be investing. He should be divesting everything.”Democrats won control of the House earlier this month in part by emphasizing public integrity, and they have said they’ll make campaign finance and government ethics a priority in the next Congress. In the Senate, Elizabeth Warren (D-Mass.) has introduced legislation that would force high-ranking agency officials to put their money in mutual funds or other conflict-free investments.Article originally published on POLITICO Magazine]]>

30 ноября 2018, 00:44

U.S. Weekly FundFlows Insight Report: Despite a Strong Market Rally, Fund and ETF Investors Remain Guarded During the Week

For the first week in four investors were overall net sellers of fund assets (including those of conventional funds and ETFs), withdrawing $6.3 billion for Lipper’s fund-flows week ended November

29 ноября 2018, 19:20

5 Best Performing Stocks of the Top ETF of November

We have highlighted five best-performing stocks in the top ETF of November with their respective positions in the fund's basket.

29 ноября 2018, 16:00

Will Powell, Valuation & Holiday Season Power Momentum ETFs?

The broader market bounced back on Nov 28 mainly due to the Fed chief Powell's comments. Should you tap this rebound with momentum ETFs?

28 ноября 2018, 17:30

Eaton Vance's (EV) Q4 Earnings In Line, Stock Down 1.4%

Eaton Vance's (EV) fiscal Q4 earnings indicate strong fundamentals. However, tough operating backdrop results in a sequential fall in assets under management.

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02 апреля 2018, 23:40

SEC Charges Mozido Founder Michael Liberty Of Defrauding 200 Investors

While Michael Liberty was creating hype around Mozido, one of the most richly funded financial technology start-ups, the SEC claims he was pocketing tens of millions he raised using shell companies like Mozido Invesco that had no business operations and little to do with Mozido itself.

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29 марта 2018, 15:23

3 Invesco Mutual Funds Worth Investing In

Below we share with you three best-ranked Invesco mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy)