The UK Mid-Cap and Corporate Bond strategies are too small to run without significant charge increases
Just three funds posted consistent high-level performance, according to quarterly FundWatch survey
But Baillie Gifford drops out of top 10 fund groups by gross sales, according to the Pridham Report
As Columbia Threadneedle shutters its Paif and feeder fund
While strategies run by Harry Nimmo and Richard Colwell are downgraded/suspended ahead of their retirements
Global equity category has fallen on hard times with even sector darlings Fundsmith Equity and Lindsell Train Global Equity down on their luck
As Keith Skeoch, Andrew Formica and Phillippe d’Orgeval step down
‘Current market dynamic will throw up some interesting opportunities’
Columbia Threadneedle head of UK equities role will be split between Jeremy Smith and Catherine Stanley
Dismal first quarter gave way to an even worse Q2
Half of its closed-ended funds will adopt the ‘CT’ prefix from 4 July
£1bn trust will become Global Smaller Companies Trust effective immediately