Kyle Caldwell

Baillie Gifford cuts fees on four investment trusts

Baillie Gifford has cut management fees on four of its investment trusts: Edinburgh Worldwide Investment, Pacific Horizon, Baillie Gifford Japan Trust and Baillie Gifford Shin Nippon.

The fee reductions have been made following a rise in assets under management for each trust, leading Baillie Gifford to pass on economies of scale to investors by lowering fees.

My worst ever investment: fund managers spill the beans

Whether you are a complete novice or have been investing professionally for many decades, one thing is inevitable: mistakes will be made. 

Common errors include chasing the latest hot fad, being lured by high dividend yields that may not prove to be sustainable, and ‘falling in love’ with a share that has performed well so that you’re reluctant to sell when you should. 

15 top fund managers name their best ever investment

Each month, Money Observer’s Money Maker series features the leading names in the fund management industry. 

In each piece, our interviewees explain where they are currently finding value in their respective market or asset class, and also give their take on a wide range of macroeconomic talking points. We also ask fund managers to name their best and worst ever investment. 

Top 10 most popular funds – November 2018

The end of year is traditionally a time for investors to take stock and assess how their portfolio has fared in 2018. Once the winners and losers have been identified, it is a case of rebalancing, which ensures you avoid complacency creeping into a portfolio.

But, given that there has been a shortage of winners in 2018, investors will instead be focusing more on the laggards and hoping for a stronger showing next year.

Pension dashboard moves a step closer to reality

The first pension dashboard will be made available to consumers next year; but in a move that has received criticism, state pension data will not be made available from day one.

Proposals unveiled by the government today (3 December) confirm that pension dashboards will allow people to access their information from most pension schemes in one place online for the first time.  

Mind the gap: inheritance tax shortfall stands at £600 million

The tax gap for inheritance tax (IHT) stands at £600 million a year, the Office of Tax Simplification (OTS) has found.

In percentage terms, the shortfall equates to 10%. The IHT tax gap, according to the OTS, is “relatively high as a percentage of the total IHT due, compared to other taxes”.

Investors are backing gold to shine in 2019; but expect further falls for UK shares

Investors are becoming increasingly cautious on the prospects for equity markets, according to findings from two separate surveys.

The pessimistic stance is highlighted first by a survey carried out by Legg Mason, which polled the views of over 16,000 investors globally. When asked to name the one investment they expect to shine more than any other in 2018, gold came out on top (taking 25% of the vote, up from 22% last year).