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Korean tech rally prompts Vanguard to change $3.2bn Asia ETF benchmark

Vanguard is changing the benchmark of its FTSE Developed Asia Pacific ex Japan UCITS ETF after the rapid growth of South Korean technology companies increased concentration within the existing index. The ETF currently tracks the market-cap weighted FTSE Developed Asia Pacific ex Japan Index, but will move to the FTSE Developed Asia Pacific ex Japan […]

Today

DWS plans active overhaul of emerging markets climate ETF

DWS plans active overhaul of emerging markets climate ETF DWS is seeking shareholder approval to convert its Xtrackers MSCI Emerging Markets Climate Transition UCITS ETF (XEMC) from a passive climate-focused strategy into an actively managed emerging markets fund. Under proposals put to investors, the ETF would be renamed the Xtrackers Emerging Markets Equity Enhanced Active […]

Today

Geiger Counter chooses to stay put with Manulife CQS

Geiger Counter (GCL), the £65m uranium fund, has decided not to follow fund managers Keith Watson and Robert Crayfourd to Tufton, choosing to remain with Manulife and CQS Investment Management. Concluding a seven-month review, the Geiger Counter board said it had revoked the twelve-month protective notice it issued to Manulife CQS Investment Management on 16 […]

Today

Morning briefing: Dunedin Income Growth hires consultant to review Aberdeen’s underperformance; Primary Health Properties adds £5.8m to rental income; Saba lifts Unite stake to 7%

Dunedin Income Growth (DIG) “has undertaken a robust in-depth review” with an external consultant of fund manager Aberdeen’s investment philosophy and process following another half year of underperformance. “The board is mindful of the impact of NAV [net asset value] underperformance and is continuing to monitor the investment manager for much needed signs of improvement,” […]

Today

Land Securities buys Metrocentre in Newcastle for £516m

Land Securities (LAND) has launched a £500m share issue to pay for the £516m acquisition of Metrocentre in Newcastle and a £100m consolidation of its retail portfolio.  The £4.7bn real estate investment trust is raising the money in a placing to institutional investors and offer to retail investors. The price of the new shares will […]

Today

European Smaller Companies maintains its strong record as fund managers pick more AI winners than losers

An overweight to technology stocks helped European Smaller Companies Trust (ESCT) extend its outperformance in the first half of the year with AI winners outnumbering companies seen as “losers” in the race towards artificial intelligence.  Annual results show the £792m investment trust, its sector’s largest following a merger with European Assets last year, generated a […]

30 Sep 2026

Impax Environmental bounces back with 26% annual return as Saba’s board appoints Hudnall to find new manager

Impax Environmental Markets (IEM) has posted a 26.1% annual return, four months after Saba Capital seized control by installing a new board of directors.  Annual results today showed the £172m investment trust beat its stock market benchmark for the first time in three years, outperforming the 12.7% gain in the MSCI AC World index in […]

30 Sep 2026

Ruffer to pay 1% fee on lower of market value or net assets to ensure managers share the discomfort of any discount

Ruffer (RICA) has improved the terms of the 1% annual management charge it pays its fund managers. From January the £844m defensive global portfolio will pay 1% of the company’s market capitalisation or net assets, whichever is lower. “The revised structure creates greater alignment between the company and the investment manager,” said chair Nicholas Pink. […]

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