Baillie Gifford US Growth (USA) is urging its 13,000 private investors to vote as soon as they can to protect the investment trust from being taken over by its largest shareholder, Saba Capital. The £1bn investment company faces its third “existential” challenge from the hostile hedge fund. The US firm owns nearly 30% of the […]
“Existential” warnings dominated the news last month. Despite that ominous overhang, technology and smaller company trusts rallied in September, but it was a tougher month for interest rate sensitive real estate and private equity funds. September’s top risers Our tables show the total one-month return from an investment company’s share price in the middle column, […]
We are pleased to announce that Gavin Lumsden, QuotedData’s head of news, was a winner in the Association of Investment Companies’ (AIC) annual Media Awards this week. Lumsden (pictured right), who joined QuotedData in January, won the AIC’s “Best Use of Social Media” for his regular posting on investment company news on his @FundFanatic account […]
Baillie Gifford US Growth (USA) is under threat from Saba Capital once again. Ahead of the annual general meeting on 23 October when the activist hedge fund will for a third time attempt to replace the investment trust’s board, shareholders have two opportunities to learn why they should oppose the takeover of their unique fund. […]
Jupiter Asset Management plans to launch two active ETFs investing in emerging markets and global equities outside the US for its Origin investment arm. The UK fund manager has filed the Jupiter Origin Global Emerging Markets Active Equity and Jupiter Origin Global Ex-US Active Equity UCITS ETFs with the Central Bank of Ireland. The emerging […]
Goldman Sachs looks primed to launch covered call exchange-traded funds (ETFs) in Europe following its $2.25bn (£1.7bn) acquisition of NEOS Investments. NEOS, a US focused provider of options-based income ETFS, last week agreed to add its $30bn, 19 fund range to Golman Sachs’ platform, giving the investment bank a total of $130bn in active ETFs, […]
BlackRock plans to launch Europe’s first active defence ETF to take advantage of arms manufacturers’ booming order books driven by a surge in government spending. The world’s largest asset manager, with $15.4trn under management, has filed an intention to launch the Dublin-based exchange-traded fund with the Central Bank of Ireland. The iShares Global Defence & […]
Fidelity International plans to expand its active ETF range in Europe with the launch of eight options-based funds. The first four exchange-traded funds filed with the Central Bank of Ireland are “buffer” strategies, offering protection against market falls in global, US and Europe equities. They are: The second group filed with the Irish regulator are […]
Switzerland’s Pictet Asset Management has launched four active ETFs whose stock selection will be entirely driven by artificial intelligence (AI). The “enhanced equity” funds will use a proprietary AI model to interpret a vast amount of data points rather than plugging artificial intelligence into an existing quantitative analysis system. The suite of AI enhanced UCITS […]
Dragon Capital, the Vietnam boutique with around $5bn assets under management, has filed plans for the launch of its first European ETF. Best known for running Vietnam Enterprise Investments Limited (VEIL), a £1bn London-listed closed-end fund, Dragon is seeking regulatory approval for the launch of the Dragon Capital Vietnam UCITS ETF in Dublin. According to […]
