Fund Round-Up: VCTs, Manager Changes and Fund Launches

April saw Jupiter's star fund manager Alexander Darwall step back, while there were new fund launches from Baillie Gifford and AllianceBernstein

Emma Simon 2 May, 2019 | 11:10AM

Figures released this month show that investors’ appetite for tax efficient investments continues to grow. VCTs have enjoyed another bumper year, with money flowing into these higher-risk trusts at a record level.

Elsewhere, perhaps the biggest investment news in April was the announcement that star fund manager, Alexander Darwall, is to step back from his management role at Jupiter European, after almost 20 years. This may leave investors wondering what to do next, given how well the fund has performed under his management.

European funds were also in the news, with the announcement that AllianceBernstein was launching a range of UK-based OEICs. The first in this range will be European fund which will utilise AllianceBernstein’s skills as an ESG manager.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford Rspnb Glb Eq Inc B Acc1.19 GBP-3.01
Jupiter European I Acc2,685.34 GBP-3.27
Polar Capital Technology Ord1,672.59 GBP-1.84
Scottish American Ord427.06 GBP-1.14
Threadneedle European Sel Z Acc GBP2.17 GBP-3.66

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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