News & Views

Baronsmead VCTs look to raise £40 million

23 September 2020 – With shareholder early bird savings of 0.5% and 0.75% for existing shareholders until 30 October (or on the first £7.5m raised in each of the 2 VCTs), Baronsmead is looking to raise £40 million, with a £35 million over-allotment facility across two VCTs.

First State and Stewart Investors funds have names changed

22 September 2020 - First State Investments has today rebranded to First Sentier Investors. The brand change is part of a global re-branding program which began in 2019 after First State Investments was acquired by Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG).

M&G Recovery gets a new manager

21 Sept 2020 - M&G has announced that Tom Dobell, manager of the M&G Recovery fund, will step down from his fund management responsibilities and leave M&G at the end of December. Michael Stiasny will take over the management of the M&G Recovery fund at that time.

Proposed merger of FP Premier Miton Income and Premier Monthly Income funds

4 September 2020 – Following the merger of Premier Asset Management Group plc and Miton Group plc last November, the newly named Premier Miton Group plc is proposing the merger of two of its income funds: FP Premier Miton Income and Premier Monthly Income fund.

Apple becomes first US company to be valued at $2 trillion

24 August 2020 - Having been launched from founder Steve Job’s garage in 1976, it took four decades for Apple to become the world’s first $1 trillion company.

Our news and views pages are designed to keep you up-to-date with all the latest fund news. From fund manager changes or fund closures, to in-depth interviews with managers from the Chelsea Selection and blogs from the Chelsea research team.