October: Mergers, Fund Launches and Manager Walk-outs

NEWS YOU CAN USE: In the past month, Henderson has merged with Janus, Neptune has lost another US fund manager and there has been a wave of new funds launched

Emma Simon 31 October, 2016 | 8:30AM

It has been a busy month in the investment industry with a number of new fund launches, two investment houses merging, several fee changes announced – plus the departure of a leading fund manager. These changes may have been in response to shifting fundamentals in the investment industry. New research published this month showed sales of low-cost ETFs have continued to grow, with ‘smart-beta’ ETFs now at record levels.

At the same time the commercial property fund sector continued to move towards business as usual, with several larger funds, including M&G and Henderson, lifting suspensions on withdrawals.

Henderson To Merge with Janus Capital

Henderson Global Investors is to merge with US-based Janus Capital in a £5 billion deal. The deal should enable both parties to expand globally and reduce costs in the face of increased competition from passive funds.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BNY Mellon Global Income GBP Inc199.80 GBP-0.66
Finsbury Growth & Income Ord826.01 GBP0.37
LF Woodford Equity Income C Sterling Acc12.53 GBP-0.16
M&G UK Income Distribution GBP A Acc6,407.42 GBP-0.49
Neptune US Income C Acc GBP2.19 GBP-0.87
Neptune US Opportunities A Acc GBP6.08 GBP-0.46

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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