23 July 2020 – Following a change of fund manager in May, Invesco has now announced that Invesco High Income fund will be renamed.
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23 July 2020 – Following a change of fund manager in May, Invesco has now announced that Invesco High Income fund will be renamed.
14 July 2020 - The Chelsea research team has just completed its annual fund review covering more than 200 of our most widely-held funds, grouped into sectors. We give a brief round-up of high-profile upgrades and downgrades, as well as introducing clients to a number of new entries.
1 July 2020 - Jupiter Fund Management has announced that its acquisition of Merian Global Investors has been completed.
25 June 2020 – Following the resignation of Alan Rowsell, lead manager of the ASI Global Smaller Companies fund since launch in 2012, Aberdeen Standard Investments has announced that Harry Nimmo will become co-manager of the fund, working alongside recently appointed co-manager, Kirsty Desson.
12 June 2020 - The VT Chelsea Managed fund range marked its third anniversary earlier this month, posting solid returns for investors over what has proved to be an eventful few years.
15 May 2020 – Invesco has today announced that Mark Barnett, manager of Invesco Income and Invesco High Income funds, has left the company.
14 May 2020 – Marlborough Fund Managers has today announced a long-term succession planning strategy for its Marlborough Special Situations and Marlborough UK Micro-Cap Growth funds, which are on the Chelsea Selection and Chelsea Core Selection respectively.
4 May 2020 – Following the devastating impact of the Coronavirus pandemic on the economies of many countries, Alquity Investment Management (Alquity) has launched a 40-40 Campaign to accelerate its support for those most affected in emerging markets.
29 April 2020 - There has been a minor change to the VT Chelsea Managed Monthly Income and VT Chelsea Managed Cautious Growth fund, in that we have changed the fund’s year end from end of April to the end of June.
21 April 2020 - Anyone watching their twitter feed last night, or the evening news, could be forgiven for thinking that the world – already in shutdown due to the Coronavirus – was going a little crazy: the price of a barrel of oil went below zero – effectively meaning that, if you had the space, you would be paid to take it!
9 April 2020 - Investec Asset Management has become Ninety One Limited. Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market.
31 March 2020 – In a statement today, Invesco has said that it is writing down 60% of the unquoted assets in Invesco High Income and Invesco Income funds.
26 March 2020 (updated 30 March 2020) - Commenting on Nick Clay & team’s departure from Newton Investment Management, Juliet Schooling Latter, research director of Chelsea, said: “This is obviously a blow for the company – losing a team as opposed to one fund manager. After 20 years or so with Newton, the offer to move to RWC and launch a new franchise was obviously a very good opportunity and one that Nick felt was too good to turn down.
Our priority is ensuring the health and safety of our staff, while continuing to provide service to our customers. It is absolutely vital that we maintain the essential services that we provide to our customers during this time and our staff are doing everything they can to achieve this.
23 March 2020 - Having started the year at 7,542, the FTSE 100 is today (23 March) struggling to hold 5,000. And, with daily headlines highlighting stock market plunges, it would be easy to become very disheartened about our investments.
18 March 2020 - Dealing in Janus Henderson UK Property PAIF and Kames Property Income fund has been temporary suspended.
12 March 2020 - It was perhaps inevitable that this Budget would be taken over by events out of its control. The Coronavirus is dominating headlines the world over and, naturally, the Government recognised that now was not the right time to be tinkering with taxation concerns and pension legislation.
11 March 2020 - After five years, the Tapered Annual Allowance for pensions has finally been amended by Rishi Sunak, Chancellor of the Exchequer.
11 March 2020 - After a speech that lasted more than an hour this afternoon, and more shouts of “Getting it done” than we could keep up with, Rishi Sunak, the Chancellor of the Exchequer, failed to mention some good news for savers: the Junior ISA allowance is to almost double, rising from the current £4,368 to £9,000 next tax year.
12 February 2020 - Following a period of carefully managed transition, Aberdeen Standard Investments has announced that LF ASI Income Focus (formerly named LF Woodford income Focus) is to reopen on 13 February 2020.
7 January 2020 – Franklin Templeton announced today that Paul Spencer, manager of Franklin UK Mid Cap fund, is to retire on 30 September 2020.
24 December 2019 - Aberdeen Standard Investments (ASI) has been appointed by Link Fund Solutions Limited as the new investment manager of the LF Woodford Income Focus fund. Subject to regulatory approval, the fund will be renamed LF ASI Income Focus fund and will be managed by ASI’s Charles Luke and Thomas Moore, supported by the 16-strong UK equity team led by Andrew Millington.
18 December 2019 - Thesis Unit Trust Management Limited have advised that Sanditon Asset Management, who have been acting as investment manager for the TM Sanditon funds, has elected to retire from this service.
5 December 2019 - M&G Investments (M&G) has announced that it is temporarily suspending dealing in the shares of the M&G Property Portfolio and its feeder fund with immediate effect.
15 October 2019 - You may have seen in the national press that the Woodford Equity Income fund is to be wound up.
3 October 2019 - Invesco has announced that Stephanie Butcher will succeed Nick Mustoe as CIO of the Henley Investment Centre at the end of 2019.
1 October 2019 – Liontrust has completed its acquisition of Neptune Investment Management Ltd.
6 August 2019 – Following the merger of Aberdeen Asset Management and Standard Life in 2017, the company rebranded to 'Aberdeen Standard Investments'.
1 August 2019 – M&G has simplified the way it charges for its funds. Effective today – and with the exception of its property funds – the company is combining all fund charges into a single annual charge. Only exceptional items such as unforeseen legal and tax expense, will not be included.
1 July 2019 – We are extremely proud to announce that Ryan Lightfoot-Brown and James Yardley, two of Chelsea's research analysts, have won the Investment Week Trailblazer Award.
19 June 2019 - It is now more than two weeks since trading was suspended for LF Woodford Equity Income fund. During that time, we have received a number of queries from concerned investors. Below is a summary of the most-asked questions and our answers.
3 June 2019 – Trading in Woodford Equity Income fund has been suspended until further notice.
30 May 2019 – Artemis has announced plans to transfer its Global Energy fund to Guinness Asset Management.
22 May 2019 - As of June 2019, please be aware that the Cofunds bank account details (ending in 3044) will no longer be open to accept payments.
25 April 2019 - This year, Japan is extending its annual Golden Week holiday to 10 days, to mark the abdication of Emperor Akihito and the ascension of his son, Crown Prince Naruhito, to the throne.
10 April 2019 - Get an early start: shelter up to £20,000 in an ISA and up to £4,368 in a Junior ISA in the 2019/20 tax year.
1 April 2019 - Jupiter Asset Management has announced that Mark Nichols will be appointed the new manager of Jupiter European fund later this year.
6 March 2019 - This week marks two big milestones: it is the tenth anniversary of stock markets hitting rock bottom in the wake of the global financial crisis, as well as the decision by the Bank of England to cut interest rates to ‘emergency levels’ of 0.5%.
9 January 2019 - If you missed out on any of the VCT discount offers before Christmas, never fear, two new VCT offers have opened-up to investors.
10 December 2018 - It was announced last week that Stephen Snowdon, along with three other members of the fixed income team, have left Kames.
20 November 2018 - VCT fund raising has been hotting up this month, with new offers coming thick and fast. The good news is that we've been able to negotiate more discounts for our clients – but hurry: some expire at the end of November:
12 November 2018 - Founded as the Bank of Montreal some 200 years ago, BMO Global Asset Management is the eighth largest bank (by assets) in North America, and provides a broad range of financial services to more than 12 million customers. It acquired F&C in 2014.
9 November 2018 - Last week, Junior ISAs turned seven – marking a significant milestone for this tax-efficient savings wrapper for children.
We are pleased to confirm that Pembroke have a new share offer opening. Pembroke are who are seeking to raise £20 million, with an over-allotment facility for an additional £20million. Click here for our independent Chelsea research note.
9 October 2018 - The October edition of our Viewpoint magazine is out now.
9 October 2018 - VCT fundraising last year was the second highest on record and this year is set to be just as big, according to Will Fraser-Allen, deputy managing partner at Albion Capital.
1 October 2018 - With a career spanning 40 years, Ian Spreadbury, manager of Fidelity Extra Income, Fidelity Moneybuilder Balanced, Fidelity Moneybuilder Income and Fidelity Strategic Bond funds has announced that he will be retiring at the end of 2018.
25 September 2018 - On 29 June 2018, the single strategy business of Old Mutual Global Investors was acquired by its management, in partnership with private equity firm TA Associates. From 1 October 2018, this new entity will be rebranded Merian Global Investors. At the same time, its funds will also be renamed.
17 September 2018 - Schroders has announced that Michael Scott, manager of Schroder High Yield Opportunities fund, which is on the Chelsea Selection, is leaving the company to join Man GLG.
6 August 2018 - Rathbone Unit Trust Management Limited ('Rathbones') has proposed the merger of its Blue Chip Income and Growth fund into the Rathbone Income fund.
2 August 2018 - The Bank of England increased interest rates today for just the second time in a decade. The Monetary Policy Committee (MPC) voted to increase the base rate from 0.50% to 0.75%, marking the first move away from 'emergency' levels.
18 June 2018 - M&G has announced that Matthew Vaight, manager of the M&G Global Emerging Markets fund, which has been on the Chelsea Selection since September 2012, will leave the company towards the end of 2018 to pursue interests outside of the asset management industry.
31 May 2018 - BMO Asset Management has announced that Tom Wilson, manager of the F&C UK Mid Cap fund, has resigned and will be leaving the company.
30 April 2018 - AXA Framlington have announced that, after 16 years at the helm of the AXA Framlington UK Select Opportunities fund, and an asset management career spanning almost four decades, Nigel Thomas is to retire in March next year. Chris St John will be come lead manager on the fund at the end of 2018.
17 April 2018 - The news today that wage growth is starting to overtake inflation is important for investors. Business margins in the UK have been relatively strong over the past five to 10 years. However, it's important to remember that the labour market is tight at the moment, and one of the biggest costs for businesses tends to be labour. If the cost of employment rises, this could hurt these margins.
12 April 2018 - Baillie Gifford has announced that, on 1 May 2018, it is changing the name of the Baillie Gifford Corporate Bond fund, which is on the Chelsea Core Selection, to Baillie Gifford Strategic Bond fund.
26 March 2018 – Human nature often leads us to leave things until the very last minute and ISA investments are no exception.
23 March 2018 – M&G has announced that, subject to shareholder approval, they plan to merge the M&G Global Leaders fund into the M&G Global Themes fund. If approved, the merger will take place on 25 May 2018.
14 March 2018 - From 6 April 2018, the Dividend Allowance will drop from £5,000 to £2,000.
14 February 2018 - Columbia Threadneedle Investments has announced that Don Jordison, managing director of Threadneedle Property Investments, and co-manager of the Threadneedle UK Property Authorised Investment Fund, is to retire on 1 May 2018.
7 February 2018 - River & Mercantile announced this morning that Philip Rodrigs, manager of R&M UK Equity Smaller Companies and R&M UK Dynamic Equity funds, has left the company following an investigation into a professional conduct issue.
1 February 2018 - Aviva Investors is winding up its Asia Pacific Property fund, having sold all eight of its holdings.
9 January 2018 - Richard Penny, manager of L&G UK Special Situations, has resigned from the company and will be moving to CRUX Asset Management.
8 January 2018 - Five years after soft-closing the fund, Stewart Investors has announced it is re-opening the Stewart Investors Indian Subcontinent fund to new investors.
In recent years we have made some important changes to the way our platform works, with the move to commission-free share classes and an overall reduction in investment costs.
7 December 2017 - It hasn't been a good year for Neil Woodford. He has faced setbacks from disappointing stocks such as Allied Minds, AA , AstraZeneca, Babcock and Purplebricks and, in the summer, doorstep lender Provident Financial fell by 70% on the news that its chief executive had resigned.
22 November 2017 - What the Autumn Budget 2017 means for your savings and investments
15 November 2017 - As of 20 November, an exclusive lower-cost share class of the Evenlode Global Income will be available to Chelsea investors.
8 November 2017 - Following the completion of the merger of Janus Capital and Henderson Global Investors at the end of May, the combined company, Janus Henderson, has now announced that it will be renaming all of its funds from Henderson to Janus Henderson from 15 December 2017.
Schroder launches investIQ tool to help people understand their investment personality.
2 November 2017 - Commenting on today's interest rate rise, Darius McDermott, managing director of Chelsea Financial Services, said: “This was the right move from the Bank of England. In hindsight, the reduction to 0.25% after the Brexit vote was probably a mistake – an overreaction.
23 October 2017 - Since Junior ISAs were introduced on 1 November 2011, just under £3.45bn worth of savings have been put aside for more than 2.8 million children*.
5 October 2017 - Fundsmith Equity has replaced JOHCM Global Select and Fidelity American Special Situations has replaced Legg Mason Clearbridge US Aggressive Growth in the Aggressive EasyISA.
5 September 2017 - Baillie Gifford plans to cut investment management fees across 20 equity funds.
4 September 2017 – Low interest rates and the introduction of the personal savings allowance have both contributed to a £20 billion* fall in the amount being deposited into cash ISAs. At the same time, inflows into investment ISAs has hit a record high, suggesting that savers are looking for potentially higher returns.
23 August 2017 – All fund managers have difficult periods in their careers and Neil Woodford is no exception. Having refused to buy technology stocks in the late nineties, and avoided banks in 2006, he has experienced periods of under-performance and his skills have been questioned before. However, his judgement has been correct more often than not and, over his 30 years in fund management, he has made a lot of money for investors.
21 August 2017 – According to the latest Janus Henderson Global Dividend Index, global dividends hit an all-time quarterly record in June, with total payouts increasing 5.4% year-on-year to reach $447.5 billion. This is the fastest rate of growth since 2015 and good news for income-seeking investors, especially as the forecast for 2017 has now been upgraded to $1.208 trillion.
11 August 2017 – Liontrust Asset Management has announced that David Roberts, currently the head of fixed income at Kames Capital, and Phil Milburn, head of investment strategy of the same team, will be joining the company in early 2018.
21 June 2017 – Following the news that Vincent Devlin is relinquishing his fund management responsibilities, Chelsea has decided to remove both BlackRock Continental European & BlackRock European Absolute Alpha from the Chelsea Selection.
9th June 2017 - First State Investments has announced that Todd Warren will take over the leadership of the Global Resources team from Dr Joanne Warner when she retires on 1 July 2017.
5th June 2017 – CF Woodford Equity Income celebrated its third anniversary on Friday by being the best performing fund in its sector over the three years.
Paul Marriage and John Warren, managers of the Schroder UK Dynamic Smaller Companies fund, announced today they will leave the firm in the fourth quarter of this year to launch their own boutique business.
24th May 2017 – Old Mutual Global Investors has announced that it has closed the Old Mutual UK Dynamic Equity fund to new investments with immediate effect.
8th May 2017 – Wood Street Microcap fund has had a name change and, from today, has become CF Livingbridge UK Micro Cap.
6th April 2017 – Today marks the beginning of a new tax year and early-bird investors will be thinking about making the most of the new increased tax allowances.
The UK Equity Income sector is once again the most popular sector amongst our clients this year*, attracting 15% of sales so far this ISA season.
15th March 2017 – After more than a quarter of century managing money, John Woods, manager of JOHCM UK Opportunities, has announced that he will be retiring at the end of September.
9th March 2017 - In a welcome move, which will result in more clarity for investors when comparing income-producing UK equity funds, the trade body that represents UK investment managers, the Investment Association (IA), has announced that the yield requirement for the UK Equity Income sector will be reduced.
8th March 2017 - The end of tax year deadlines for ISA and Junior ISA investments are as follows:
8th March 2017 - Find out what the Chancellor said today
2nd March 2017 - Schroders has announced that, subject to regulatory approval, it will be expanding its Maximiser Income range in the coming weeks, with the launch of a US version.
15th February 2017 - Alastair Gunn has been appointed fund manager of the Jupiter Growth & Income fund.
3rd February 2017 - Polar Capital's long-anticipated UK Value fund was finally launched this week and is now available on the Chelsea FundStore.
25th January 2017 – Invesco Perpetual has announced that it is closing its investment trust service on 13 April 2017.
11th January 2017 - Schroder Monthly Income fund is changing its name and investment objective. From 17th February 2017 the name will change to Schroder High Yield Opportunities and the investment objective will include capital growth (though the key focus is still income).
15th December 2016 - Dealing in the Aviva Investors Property Trust resumes today. The fund, along with a number of other commercial property funds, had its dealing suspended in July, when Brexit fears caused a large number of outflows from the sector.
12th December 2016 - M&G has announced that it is winding up its High Income Investment Trust on 17 March 2017. Existing investors, holding the fund within an ISA wrapper, have been given a number of options from M&G:
7th December 2016 – Baillie Gifford Corporate Bond has replaced the Man GLG Strategic Corporate Bond fund in the Chelsea Cautious Growth EasyISA and on the Chelsea Core Selection.
1st December 2016 - Fidelity International has launched a new short dated corporate bond fund, run by Sajiv Vaid and Ian Spreadbury.
23rd November 2016 – So the autumn statement and the spring budget are henceforth abolished, to be replaced by a spring statement and an autumn budget. Once you've got that straight, we've summarised the remaining key news points you need to know about below.
17th November 2016 - Invesco Perpetual's co-heads of fixed interest, Paul Causer and Paul Read, are handing over the management of four of their funds.
Just over a year ago, we highlighted a new investment opportunity to our clients: the launch of CRUX European fund. It was subsequently added to the Chelsea Selection in March this year.
7th November 2016 - M&G Investments has announced that, from 1st January 2017, Sam Ford will be the new manager of the M&G UK Select fund.
1st November 2016 – Today marks the fifth anniversary of the Junior ISA. Since launch, our Junior EasyISAs have returned between 48%-69%*, and have turned a £50 monthly regular saving into a pot of between £3,300 and £3,700. Not a bad start for a child just beginning school, I'm sure you'll agree!
27th October 2016 – Troy Asset Management has announced the launch of a Global Income fund, which will be available on the Chelsea FundStore from 1st November 2016.
18th October 2016 - HM Treasury announced today that it will not go forward with plans to introduce a secondary annuity market.
13th October 2016 – Jupiter and M&G are changing the names of two funds.
4th October 2016 – Following the announcement last week that James Hackman, manager of the Neptune US Income fund has resigned, the fund has been removed from the Chelsea Selection and will be replaced in the Global Income EasyISA by Guinness Global Equity Income.
22nd September 2016 - At the beginning of July, a number of commercial property funds were forced to suspend trading, when concerns about the UK economy caused investors to redeem their holdings in the these funds in large numbers, in the days following the EU referendum.
12th September 2016 - Investors following the St Leger's day adage - i.e. selling their UK equity holdings in May - could have missed out on gains of almost 10% this year*.
8th September 2016 – FundCalibre, Chelsea's sister company and online Fund Ratings business, has been nominated in the 'Best Ratings and Research Service' award category of Investment Week's inaugural Investment Research Awards on 4th October 2016.
1st September 2016 – Between 10th and 15th September, a number of Artemis employees will take part in an 'office to office' cycle ride to raise money for Children with Cancer UK, the leading national children's charity dedicated to the cause.
18th August 2016 - Following a recent investment committee meeting, the directors of FundCalibre, Chelsea's sister company, have awarded six new funds an Elite Rating, bringing the total number of Elite Rated funds to 137.
4th August 2016 - Commenting on the interest rate cut and new quantitative easing, Darius McDermott, managing director of Chelsea, said:
27th July 2016 – Schroder has announced that, from Monday 1st August 2016, the Schroder Global Real Estate fund will be renamed Schroder Global Cities Real Estate.
21st July 2016 – Standard Life Investments has announced that it is shutting the Emerging Market Debt Unconstrained fund.
13th July 2016 - No fewer than seven funds on the Chelsea Selection were named best in their sector in the Fund Manager of the Year Awards at the Royal Albert Hall last week.
6th July 2016 – The Chelsea research team has replaced the Henderson UK Property fund in the Cautious and Income EasyISAs.
4th July 2016 – Following a significant increase in the number of investors redeeming their holdings, Standard Life Investments has suspended trading on its UK Real Estate fund.
30th June 2016 – Franklin Templeton is to reduce the fund management charges on three of its UK equity funds.
23rd June 2016 - Pensions Policy Institute research shows challenges of unintegrated long-term savings system
7th June 2016 - Zoe Kan promoted to lead manager of Newton Asian Income
31st May 2016 – Standard Life Investments have announced Fraser Duff will replace David Ennett as lead manager on both the Higher Income and the European High Yield funds, effective immediately.
26th May 2016 - Neptune Asset Management have today announced James Hackman has taken over the management of their US Opportunities fund.
26th May 2016 – Jupiter Asset Management have today announced Dan Carter has been appointed lead manager of the Jupiter Japan Income fund, with immediate effect. Current lead manager Simon Somerville will be leaving Jupiter after 11 years.
26th May 2016 - Newton Investment Management has announced that it is reducing the yield target on its Asian Income fund.
19th May 2016 - Miton appoints ex-EdenTree manager to run UK Value Opportunities fund
17th May 2016 – Evenlode Income, which is on the Chelsea Selection, has become the latest fund to fall foul of the Investment Association yield requirements for the UK Equity Income sector.
11th May 2016 - Henderson Global Investors has made a couple of changes to its UK Property Trust.
5th May 2016 – Columbia Threadneedle announced today that Leigh Harrison, head of equities for Europe and co-manager of the Threadneedle UK Equity Alpha Income fund, which is on the Chelsea Core Selection, will retire on 30th June 2016.
28th April 2016 – Following an extraordinary general meeting, which took place on 6th April 2016, Fidelity have announced that shareholders approved the merger of the Fidelity UK Growth fund into the Fidelity UK Select fund.
20th April 2016 - Allianz Global Investors has announed that, subject to shareholder approval, it plans to covert the Allianz BRIC Stars fund to a global emerging market equity fund.
14th April 2016 - Following the announcement last week that George Godber and Georgina Hamilton, managers of the Miton UK Value Opportunities and Miton Undervalued Assets funds, had handed in their resignation at Miton, it has now been confirmed that they will be moving to Polar Capital, the boutique asset management house.
7th April 2016 - George Godber and Georgina Hamilton, managers of the Miton UK Value Opportunities and Miton Undervalued Assets funds, have handed in their resignation at Miton. Their notice periods are one year and six months respectively.
4th April 2016 - Phoenix Fund Services (UK) Limited (PFS), the Authorised Corporate Director (ACD) for a number of funds, was purchased by Maitland International Holdings Plc in April 2015.
Get your child, grand child or maybe even god child off to a good start by investing in a Junior ISA on their behalf. You can invest up to £4,080 in the 2015/16 tax year.
If you're stuck for ideas on where to invest in the final few days of the 2016 ISA season, we've taken a look at our 10 most popular growth funds this year*.
16th March 2016 - Among a raft of smaller changes, including an increase to the annual ISA allowance, George Osborne, Chancellor of the Exchequer, announced an unexpected boon to young investors with a new Lifetime ISA. We have outlined details of the main changes that will impact your savings, investments and pensions:
9th March 2016 - Liontrust UK Micro Cap fund has launched on the Chelsea FundStore today. Managed by the team behind the highly successful Liontrust Special Situations fund, this new fund will invest in companies with a market capitalisation of less than £150 million at the point of purchase.
3rd March 2016 - From 6th April 2016, Fidelity will no longer be accepting new investments or switches into the Fidelity UK Smaller Companies fund.
2nd March 2016 - First State Greater China Growth fund has re-opened to new investments. The fund, run by Martin Lau, a senior member of the famed First State Stewart Asia team, has consistently delivered outperformance and demand for the fund was so fierce that it was closed to new investments for four years.
22nd February 2016 – Richard Marwood, co-manager of AXA Investment Manager's range of Distribution funds, has decided to leave the company and join Royal London Asset Management.
17th February 2016 – Lindsell Train Global Equity and Lindsell Train Japanese Equity will be available on the Chelsea FundStore from 25th February 2016.
15th February 2016 – Jupiter is launching an Asian Income fund, which will be managed by Jason Pidcock, former manager of Newton Asian Income.
4th February 2016 - As announced in June last year, Tim Steer, manager of Artemis UK Growth fund retired at the end of December and Ed Legget, who previously managed the Standard Life Investments UK Equity Unconstrained fund, has taken over the reigns.
29th January 2016 - Fidelity South East Asia fund will have its name changed to Fidelity Asia on 23rd March 2016.
19th January 2016 - Hargreave Hale AIM Venture Capital Trusts (VCTs) 1 & 2 have opened for investments in both the current tax year (2015/2016) and the 2016/2017 tax year.
11th January 2016 - River & Mercantile (R&M) has given Philip Rodrigs a second fund to manage. The smaller companies specialist, who already runs the R&M UK Equity Smaller Companies fund, which is on the Chelsea Selection, is to take on the rebranded R&M UK Dynamic Equity fund, which invests in UK companies of all sizes, from Dan Hanbury.
4th January 2016 - Kames Capital is to strengthen the management team of the Kames Strategic Bond and Kames Strategic Global Bond funds, with the appointment of two co-managers.
23rd December 2015 - Schroder are seeking shareholder approval to merge the £29m Schroder Japan Alpha Plus fund with the £2.1bn Elite Rated Schroder Tokyo fund.
16th December 2015 - The US Federal Reserve (the ‘Fed’) has raised interest rates for the first time in nearly a decade. In a widely anticipated move, the Federal Open Market Committee (FOMC) voted unanimously to raise the cost of borrowing by 0.25%, ‘marking the end of an extraordinary seven-year period’ in the words of Janet Yellen, the Fed Chair.
15th December 2015 - Newton have announced that, with immediate effect, Nick Clay, alternate manager on the Newton Global Income fund, will take on the role of lead manager. James Harries, who was lead manager on the fund since its launch 10 years ago, has resigned and will be joining Troy Asset Management in 2016.
14th December 2015 - M&G Investments has promoted director of global equities, Jamie Horvat, to lead manager on their Global Basics fund. Current manager, Randeep Somel, will continue to work alongside him.
11th December 2015 - As Christmas draws ever closer, we thought you might like to know what our opening hours are over the festive period:
10th December 2015 - Baronsmead has announced that, subject to shareholder approval, they are planning to merge their VCTs 3 and 4 in February next year.
25th November 2015 - What the 2015 Autumn Statement means for your investments and pensions
19th November 2015 - Man GLG have informed us that they are closing their Technology fund on 10th December 2015, following the fund managers' departure.
9th November 2015 - Following substantial changes to the lead managers on Stewart Investors (previous branded First State) Asia Pacific Leaders fund, it has been removed from the Chelsea Core Selection and Aggressive EasyISA.
5th November 2015 - This month marks the fourth anniversary of the Junior ISA. Since launch, our Junior EasyISAs have returned up to 37.95%*, and have turned a £50 monthly regular saving into a pot of £2,457. Not a bad start for a pre-schooler, I'm sure you'll agree.
29th October 2015 - M&G Investments has announced that it is changing the name of five of its equity funds. Four of the funds will have the word 'Select' added to their titles, to better reflect their invest process, whereby the portfolios may be invested in a concentrated number of stocks at any time. The investment process remains unchanged.
22nd October 2015 - In March, we informed you that First State Stewart, the team that runs First State Investments' GEM, Asia and global equity mandates, was to be split into two investment teams on 1st July 2015; one based in Edinburgh (Stewart Investors), and the other in Hong Kong (First State Stewart Asia). First State believed that, by forming two smaller investment divisions, both teams would get greater flexibility.
1st October 2015 - Columbia Threadneedle has announced that, as of today, Richard Colwell, previously co-manager of the UK Equity Income fund, will become lead manager and Leigh Harrison will become deputy manager. The pair have co-managed the fund since 2010.
24th September 2015 - Allianz Global Investors announced today that they have hired Mike Riddell.
24th September 2015 - Following our news release on 12th August 2015 regarding Richard Buxton taking over as CEO of Old Mutual Global Investors, we had a meeting with him to discuss how he was getting along in his dual role as both CEO and fund manager of the Elite Rated Old Mutual UK Alpha fund.
14th September 2015 - Investec UK Alpha and Rathbone Ethical Bond have been awarded an Elite Rating from FundCalibre.
9th September 2015 - Legal & General Investment Management (LGIM) has announced that Chad Rakvin will succeed Ali Toutounchi as Global Head of Index Funds.
8th September 2015 - Stephen Pearson, who joined Jupiter as a European equities manager in 2001, has been promoted to Chief Investment Officer.
1st September 2015 - Five funds from Matthews Asia are now available to buy on the Chelsea FundStore:
27th August 2015 - Kames Capital plc have, this week, written to holders of its High Yield Bond fund income share class to let them know that the usual monthly distribution for the month of July will not be paid in August.
19th August 2015 – Fidelity have announced that, from 1st September 2015, Aditya Khowala will take on the management of the Fidelity American fund.
18th August 2015 - Fund Management company GLG has rebranded its range of 12 UK funds. As of today, the fund names will be changed from 'GLG' to 'Man GLG' to be more in keeping with its parent company, Man Group.
12th August 2015 - Old Mutual Global Investors have announced that, with immediate effect, Julian Ide is stepping down from his role as CEO and has been replaced by Richard Buxton, manager of the Elite Rated Old Mutual UK Alpha fund, which is on the Chelsea Core Selection.
4th August 2015 – Hermes Investment Management has soft closed it's Elite Rated Asia ex-Japan Equity fund.
22 July 2015 - Richard Plackett, co-manager of the BlackRock UK Special Situations fund, has announced that he will retire from fund management at the end of 2015.
22 July 2015 - As at noon on 20th July 2015, trading in the £160m Aviva Asia Pacific Property fund has been suspended.
16 July 2015 - The Elite Rated Schroder Income fund has been moved into the UK All Companies sector after failing to meet the Investment Association yield requirements of the UK Equity Income sector. Invesco Perpetual's High Income and Income funds suffered a similar fate last year.
9 July 2015 – The Financial Services Compensation Scheme (FSCS) has announced that the amount of money covered by their bank deposit protection will be reduced next year.
7 July 2015 – Giles Parkinson, assistant on the Artemis Strategic Assets fund, has resigned after five years with the company.
6 July 2015 - From today, Ecclesiastical Investment Management will be known as EdenTree Investment Management.
1 July 2015 – Following confirmation of unit holder approval at an Extraordinary General Meeting (EGM) on Friday 26 June, Jupiter has announced that Jupiter Undervalued Assets will be merged into the Elite Rated Jupiter UK Growth fund on Friday 3 July 2015.
23 June 2015 - Ed Legget, manager of SLI UK Equity Unconstrained fund, has announced his resignation from the company. As a result, the fund has been removed from the Chelsea Selection.
17th June 2015 – Woodford Equity Income fund has beaten all its peers in the year since it was launched.
15 June 2015 – Rathbone Unit Trust Management has reduced the annual management charge of the Elite Rated Strategic Growth Portfolio from 0.75% to 0.5%.
11 June 2015 - At the end of April 2015, Sajiv Vaid, lead manager of the Elite Rated Royal London Corporate Bond fund, announced that he would be leaving the company to join Fidelity Worldwide Investments.
10 June 2015 - In his Autumn Statement in December 2014, the Chancellor of the Exchequer, George Osborne, announced a new benefit for ISA investors: money held within an ISA wrapper can now be passed on to a spouse or civil partner, without losing the tax advantages.
9 June 2015 – M&G American has been given a new name, manager and investment strategy. Now called M&G North American Dividend, and run by John Weavers, the fund will now focus on income as well as growth to maximise long-term total returns.
8 June 2015 – Having gained shareholder approval, Henderson European Special Situations fund has now been merged with the newly-launched FP Crux European Special Situations fund.
4 June 2015 – After careful deliberation, we have decided to replace Newton Asian Income with Elite Rated Schroder Asian Income in the Chelsea Balanced Junior EasyISA.
3rd June 2015 - An alternative to the Marlborough Nano-Cap Growth fund, this fund has been run by Judith Mackenzie since 2011, but remains very small with less than £40m assets under management.
21 May 2015 - Following the resignation of Jason Pidcock from Newton, and the announcement that he will be moving to Jupiter Asset Management, Chelsea has removed the Newton Asian Income fund from both the Core Selection and the balanced Junior EasyISA.
20 May 2015 - Last month, the UK Consumer Prices Index (CPI) inflation turned negative for the first time since official records began in 1996 and the first time since 1960, based on comparable historic estimates.
14 May 2015 - Managed by Hutch Vernon and his co-manager, Mike Foss, the unconstrained, multi-cap Brown Advisory US Flexible Equity fund was launched in the UK in 2014, Its strategy is based on a parallel fund, managed by the duo for more than 20 years in the United States. They are supported by a team of 21 analysts and fund managers.
7 May 2015 - Fidelity Worldwide Investment has announced that their UK Smaller Companies fund is to re-open to new investments and it is once again available for investment via the Chelsea FundStore.
30 April 2015 - Legg Mason is not like most global asset management companies. It is made up of a diversified group of global affiliates and, while their funds are branded 'Legg Mason', many are actually run by wholly-owned subsidiaries.
23 April 2015 - Liontrust have recruited a third fund manager, Victoria Bates, for their Economic Advantage team. Victoria will join Anthony Cross and Julian Fosh, managers of Elite Rated Liontrust Special Situations fund, which is on the Chelsea Core Selection, and Elite Rated Liontrust UK Smaller Companies fund, in June 2015. She will work primarily with Anthony researching, analysing and selecting smaller companies for all the team's funds.
21st April 2015 - Stewart Cowley, manager of the Old Mutual Global Strategic Bond fund, has announced that he will be retiring from fund management. He will relinquish management of the fund on 1st May 2015, and leave the company at the end of June.
20 April 2015 - Following their acquisition of Ignis in July 2014, and the integration of the business, Standard Life Investments has announced that the Ignis funds are to be renamed under the new brand. The changes will take place on 18th May 2015 and are detailed in the list below.
17 April 2015 - Richard Pease, the manager of the Henderson European Special Situations fund since its launch in October 2009, and James Milne, the assistant fund manager, are leaving Henderson Global Investors to join Crux Asset Management. When they join the company, they will become managers of the newly-established FP Crux European Special Situations fund.
7 April 2015 - AXA Framlington are currently writing to clients, proposing the merger of their Equity Income fund with their Monthly Income fund.
17 March 2015 - First State Stewart, the team that runs First State Investments' GEM, Asia and global equity mandates, is to be split into two investment teams; one based in Edinburgh, lead by Angus Tulloch (Stewart Investors) and the other in Hong Kong, lead by Martin Lau (First State Stewart Asia). The split will take place on 1st July 2015.
4 March 2015 - M&G Investments has announced that the £81 million* Global Real Estate fund will be wound-up on 22nd May 2015.
25 February 2015 - Invesco Perpetual have announced that they have promoted Asad Bhatti to deputy manager of the Elite Rated Invesco Perpetual High Yield fund. He will join co-heads of fixed interest, Paul Causer and Paul Read in the management of the fund. The promotion is in recognition of the valuable contribution Invesco feel Asad has made to the fixed interest team over the past decade, playing a key role in generating investment ideas in the high yield bond space.
17 February 2015 - Neptune has announced that the company is undergoing a restructure, following a disappointing few years in terms of overall fund performance.
30 January 2015 - Schroders has announced that it will be increasing the ongoing charge figure (OCF) for the Schroder Recovery fund, in order to bring it into line with the costs of other funds in their range. The OCF will rise from 1.51% to 1.66% on 15th February 2015.
28 January 2015 - In an unusually candid open letter, Stuart Rhodes, manager of the M&G Global Dividend fund, has apologised to his investors for the disappointing performance of the fund in 2014. The letter, which is available on this link, addresses the reasons why the fund underperformed both its benchmark and sector average in the past calendar year.
15th January 2015 - Last November, investors in the Old Mutual Property Fund voted in favour of merging the Old Mutual Property Fund with the Henderson UK Property OEIC. This merger has resulted in the Henderson UK Property OEIC increasing by around one sixth in size and will further diversify the property portfolio and tenant base of the Henderson UK Property OEIC. Henderson has undertaken due diligence on the incoming assets and is satisfied that the merger is in the interests of investors while independent valuations have been undertaken on the properties to ensure that the merger is fair for both sets of investors.
4 December 2014 - The Autumn statement, which was announced yesterday, reaffirming the government's commitment to put savers and investors at the heart of their election pledge, boasting of a fast growing economy, exciting new ISA rules and a change in stamp duty.
13 November 2014 - Chelsea Financial Services today reveals the top-selling Junior ISA funds among its clients since the introduction of the tax-efficient savings and investment vehicle that encourages parents to save for their child's future. Junior ISAs were made available to the British public on November 1st 2011. * * *Chelsea Financial Services Junior ISA top ten best sellers**
9 October 2014 - The changes announced in the March budget were good news for investors, and the Savers Revolution looks set to continue. In the March budget, chancellor Osborne announced major reforms for defined contribution pensions. Under the reforms, pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, anytime they want. There are no caps or drawdown limits.
19 September 2014 - The FTSE has reacted positively to the news that Scotland has voted ‘no’ to ending the 307-year union with Britain, with Scottish shares seeing significant rises. While the ‘yes’ camp will be disappointed, this is generally perceived amongst fund managers to be the best outcome for the British economy. There is nothing the markets like less than uncertainty. And while the new devolution powers have yet to be thrashed out, the message of unity is a positive one for markets and the UK economy.
9 September 2014 - The last week has seen two high profile managers leave their jobs: Simon Brazier and Julie Dean.
3 September 2014 - Standard Life completed its deal to buy Ignis Asset Management on 1st July 2014, and the process of integrating the two businesses has now begun.
12 August 2014 - Fidelity has written to shareholders in the Fidelity International fund, proposing to merge the fund with the Fidelity Open World fund. Votes should be received no later than 11am on 6th October 2014 and, if the vote is in favour of the merger, it will take place on 28th November 2014.
8 August 2014 - M&G have announced that Gillian Tiltman, manager of the M&G Global Real Estate Securities fund, has resigned. Tiltman is leaving the company and moving to another fund management company, although where she is going is yet to be confirmed.
1 August 2014 - Henderson Global Investors have written to shareholders in the Henderson UK Property Trust, proposing that they change the fund structure from a Unit Trust to an OEIC, before eventually converting the fund to a PAIF structure.
15 July 2014 - Over the past eight years, Schroders has partnered with EII Capital Management Inc, in the running of the Schroder Global Property Securities fund. Both parties have now decided that this partnership has come to a natural end and, in future, Schroders will use its in-house expertise to manage the fund alone.
3 July 2014 - M&G have announced that they will be changing the name of the High Yield Corporate Bond fund. From 8th August 2014, the fund will be called M&G Global High Yield Bond.
24 June 2014 - ISAs have been around for 15 years now, and any tweaks to the tax wrapper during this time have generally been disadvantageous. The 2014 Budget finally reversed that trend and, having firmly moved the burden of responsibility for providing for our own retirement onto the individual, the government is finally trusting us to manage our money.
17 June 2014 - Martin Gray, manager of the Miton Special Situations Portfolio, has resigned from the company after 20 years. As a result, the fund has been taken off the Chelsea Core Selection and has been replaced in the Cautious Growth EasyISA Portfolio by Henderson UK Property.
13 June 2014 - It is with extreme sadness that we share the news that Unicorn Asset Management's John McClure has passed away.
12 June 2014 - No fewer than seven funds which featured in the Chelsea RedZone earlier this year, have had a change of manager.
6 June 2014 - In the annual review of the FTSE All Share constituents, it has been announced that Liontrust Asset Management plc will re-enter the index for the first time since 2008.
19 May 2014 - Invesco Perpetual are launching a Global Distribution fund for retail investors.
6 May 2014 - Polar Capital Holdings plc, the specialist investment manager, which was founded in 2001, has added thirteen of its funds to the Chelsea FundStore.
22 April 2014 - Richard Hodges, manager of the L&G Dynamic Bond Trust, has today announced his resignation from the firm.
7 April 2014 - River & Mercantile has added eight of its funds to the Chelsea FundStore. Three Global Equity and five UK Equity funds are now available to Chelsea's customers.
24 March 2014 - Following their acquisition of Cazenove in July 2013, Schroders has today renamed all the Cazenove funds. See all the changes here.
24 March 2014 - The start of the next tax year marks the 15th anniversary of the ISA wrapper. It started its life under a bit of a cloud as the maximum allowance was lower than its predecessor, the PEP, and, over the years, some of its tax advantages have been cut.
21 March 2014 - Human nature often leads us to leave things until the very last minute and ISA investments are no exception.
20 March 2014 - Newton Investment Management has replaced Richard Wilmot on its struggling UK Higher Income fund. The new manager will be Christopher Metcalfe, who currently runs the group's Managed fund.
19 March 2014 - Today, the Chancellor George Osborne announced his review of the state of government finances. He promised that, after five punishing years of low interest rates, 'Support for savers would be at the centre of this Budget'. He didn't disappoint.
11 March 2014 - GAM Fund Management Ltd has said that it will soft-close the Star China Equity fund, managed by Michael Lai, once it reaches £1.56bn.
10 March 2014 - Ignis Asset Management is to close two underperforming equity funds, both of which appeared in the latest Chelsea RedZone. The UK Enhanced Income and Ignis UK Focus funds will be closed on 7th April 2014, subject to regulatory and shareholder approval.
6 March 2014 - Invesco Perpetual have announced that Mark Barnett will take on the management of the Invesco Perpetual High Income and Income funds with immediate effect – eight weeks ahead of the original end-April start date.
4 March 2014 - Having had ultra-low interest rates for five years now, and the Governor of the Bank of England signalling that they will remain at their ultra-low level until after next year's election, we look at how taking on more risk would have rewarded savers in this time.