Sophie Downes

3 days ago | citywire.com | Dylan Lobo |Frank Talbot |Michelle McGagh |Sophie Downes

Fund-of-funds are booming, driven by the popularity of low-cost passive multi-asset portfolios like Vanguard’s £44bn LifeStrategy range. But as money continues to flock to them, how are fund-of-funds actually performing? Citywire analysed the returns of the UK’s 21 largest fund-of-fund ranges, each with more than £3bn of assets, to find out.

5 days ago | citywire.com | Ross Miller |Algy Hall |Natalia Vasnier |Sophie Downes

Legrand was highlighted by Citywire Elite Companies pricing-power screen. Leadership can be a huge advantage in business. Dominating a market allows a company to outspend its rivals in areas that drive sales, such as marketing and product innovation. Meanwhile, scale can lower the cost of making goods, providing services and distribution.

1 week ago | citywire.com | Sophie Downes |Jack Gilbert |Dylan Lobo |Ebbani Juneja

M&G has announced a distribution partnership with Dai-ichi Life, which will see the Japanese insurance giant take a 15% stake in M&G. Under the deal, M&G will become Dai-ichi Life’s ‘preferred asset management partner’ in Europe, with M&G expecting to generate $6bn (£4.5bn) in net flows from the partnership over the next five years.

1 week ago | citywire.com | Sophie Downes

HSBC Private Bank is telling clients to take advantage of high gilt yields while they still can. Gilts have been a popular investment with high net-worth clients thanks to beneficial tax treatment and elevated rates offering guaranteed income in the form of higher yields. Speaking to Citywire, HSBC Private Bank’s UK CIO Jonathan Sparks said clients should consider capturing yields now in the anticipation that rates would come down in the future. Already have an account?

1 week ago | citywire.com | Jack Gilbert |Algy Hall |Sophie Downes |Dylan Lobo

Nvidia’s shares (US:NVDA) have struggled to make meaningful progress for the past 12 months, but first-quarter results are a reminder of what all the fuss around the AI chipmaker is about. First-quarter results came in ahead of expectations, with sales up 69% at $44.1bn. For the stock’s fans, which include 19 of the world’s best portfolio managers tracked by Citywire Elite Companies, the results pushed back on some key fears voiced by bears of the stock. Already have an account?