Less than a third of actively managed funds had success in beating relevant benchmarks in 2025, according to data from Morningstar.

Franklin Global trust (FRGT) and the Invesco Global Equity Income trust (IGET) are closing in on completion of a merger after the first of two shareholder votes succeeded.

Analysts at Stifel have cautioned that Saba Capital Management’s plan for a 12-month deadline to wind down the £800m Workspace Group would be “the ultimate act of self-sabotage”.

A week after Nuveen’s £9.9bn offer for UK-based asset manager Schroders was accepted (12 February), managers and analysts are still debating if the deal was a bargain.

Rate setters at the US Federal Reserve have not ruled out the need to raise interest rates as all members agreed that monetary policy “was not on a preset course”.

The debate around the UK’s fiscal rules and the appropriate level of headroom required to meet them has contributed to a ...

Total European thematic net flows hit $15.8bn for 2025, underlining a clear shift in how investors are expressing high-conviction views on megatrends through thematic ETFs.