Long-term members out in biannual FE Invest Approved List reshuffle

Bumper shake-up

Jayna Rana
clock • 3 min read

Turnover was notably high in the latest biannual reshuffle of the FE Invest Approved List at 21.5%, while a number of long-time members were removed, including Stewart Investors' £2.3bn Global Emerging Markets Leaders fund.

This comes just six months after the group saw its £7.2bn Asia Pacific Leaders fund get the boot in the reshuffle that took place in April. Charles Younes, FE research manager, said the team had become concerned about the GEM Leaders fund, following the "significant style shift," and because it had been soft closed since 2013, which further raised concerns about capacity. Managed by Ashish Swarup and Tom Prew, it is just one of 20 names to leave following the shake-up, which this time round was focused on helping investors protect capital from unpredictable markets and to increase por...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Reeves sets 20% IHT rate on AIM shares

Chancellor unveils 50% relief

Cristian Angeloni
clock 30 October 2024 • 1 min read
Cash in Conversation: A poll for financial advisers

Cash in Conversation: A poll for financial advisers

Professional Adviser
clock 29 October 2024 • 1 min read
The challenges and opportunities for active managers

The challenges and opportunities for active managers

'We believe good active managers always have a place in a portfolio'

Darius McDermott
clock 29 October 2024 • 5 min read