Ailing Funds Boot Out Managers to Stop Rot

NEWS YOU CAN USE: What happened in the City over the last month? Fund managers became CEOs, markets developed madness and there were several fund manager moves

Emma Simon 1 September, 2015 | 9:41AM

August proved to be a testing month for investors. Not for the first time, thinner trading during the summer months has helped to exaggerate stock market movements. So a sell-off in Asian markets, prompted by poor economic figures from China, led to a significant corrections in the US, UK and European markets.

The question for investors is whether this volatility is simply part and parcel of normal trading conditions, or whether it signals the start of more significant market upheaval - along the lines of the global financial crisis or dot com crash.

Opinion is divided amongst fund managers, advisers and other experts - but for now many are recommending caution, particularly with commodity stocks and funds, which bore the brunt of the sell-off in the UK.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Fidelity American A Acc GBP4,292.87 GBP3.09
M&G Global Themes GBP A Acc1,407.15 GBP2.45
M&G Managed Growth GBP A Acc104.16 GBP1.44
Woodford Patient Capital Trust22.54 GBP2.44

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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