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Funds round up: BlackRock, Pictet, Sanlam Private Investments and more
01/08/2014 , News Team

BlackRock Enhanced Government Fund reported that the fund paid the following dividend per share: $0.055000. The fund has adopted a level distribution plan and employs either a managed distribution or an option over-write policy to support a level distribution of income, capital gains and/or return of capital. The fixed amount distributed per share is subject to change at the discretion of the Fund’s Board.
 
Burford Capital, a provider of investment capital and risk solutions for litigation, has raised a further $150 million to deploy in its litigation finance activities through an issue of bonds on the main market of the London Stock Exchange, by Burford Capital PLC, its UK financing subsidiary.
 
Cautious allocation funds were the top asset-gathering fund category in the European funds market in June, according to data from Morningstar. Cautious allocation funds recorded EUR 2.7bn (£2.1bn) in net inflows in June as investors reacted to concerns such as the Ukraine crisis and conflict in the Middle East. Across Europe long-term funds enjoyed inflows of EUR 36.12 billion in June. Of these sales, EUR 18.5 billion went into fixed income funds, while equity funds saw inflows of EUR 730 million. Total assets under management in European domiciled funds still have an equity bias, with fixed income totalling EUR 1.8 trillion, and equity funds equal to EUR 2.2 trillion.
 
Managing Partners Limited, a boutique fund management company, is launching seven new share classes in its High Protection Fund, enabling investors to take advantage of the opportunities it currently sees in the life settlement market in the United States. In part, this is because there has been a significant increase in the number of current owners trying to sell them, but it says that dramatic positive changes in the life settlements market such as tighter regulation and improved accuracy around longevity calculations has also made the sector more attractive for investors. Latest figures show that the life settlements market is bouncing back after the recession, with the face value of life insurance policies sold reaching $2.57 billion in 2013, representing a 17 percent rise on market transactions in 2012.

Pictet Asset Management has expanded its total return fund range with the launch of PTR-Agora, an equity market neutral fund with a long/short investment approach. The fund managers aim to identify catalysts that will have an impact on the share prices of European large cap companies, including corporate restructurings and M&A activity. The fund invests in approximately 35 core investment strategies, each expressed through a combination of long and short positions. By combining long and short positions, the portfolio managers aim to remove market risk and extract alpha from identified catalysts.
 
In their half year review, ending June 2014, Sanlam Private Investments have dropped four funds from their  White List of UK equity income outperformers. They are to be replaced by offerings from Threadneedle, RBS, Fidelity and Invesco Perpetual.  Unicorn UK Income fund maintains its top slot following a strong period of performance, despite the death of lead manager John McClure.
 
A record £1.4 billon flowed into UK equity income in June, driven by the launch of Neil Woodford’s much-anticipated solo fund.  According to Hargreaves Lansdown,  “investor interest in Woodford Equity Income fund has caused a spike in UK Equity Income fund sales. The “Woodford Effect” is a clear example of investors backing a fund manager rather than a particular asset class, or market.”

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