The most popular UK income fund with the professionals – and it’s still not Woodford

Threadneedle

Richard Colwell’s £3.2bn Threadneedle UK Equity Income fund is the most popular UK equity income fund with multi-asset managers in the Investment Association universe, according to the latest FE Trustnet study, overtaking Artemis Income which sat at the top of the list last year. According to FE data, the Columbia Threadneedle fund sits at the top of the popularity tables with funds of funds managers as some 29 multi-asset portfolios count the three crown-rated vehicle as a top 10 holding – three more than Majedie UK Income, which sits in second place.

The soaring arm has got increasing number of followers

Despite a soaring AUM and an increasing number of followers, the now £8.3bn CF Woodford Equity Income fund is still only in third place as it features in 23 top 10s. However, that is an increase from last year when 18 funds held it in their list of biggest holdings.The last two years’ favourite, Artemis Income, has fallen to fourth spot as while 57 and 36 funds held it their top 10 in 2014 and 2015, respectively, that figure has fallen to just 22 this time around.

What is also noticeable is the absence of FE Alpha Manager Mark Barnett’s three UK equity income funds. In fact, just eight multi-asset funds hold Invesco Perpetual Income in their top 10, only five have Invesco Perpetual UK Strategic Income and Ingenious Global Growth is the only portfolio to have Invesco Perpetual High Income as a top 10 position, despite its £12.6bn size.Turning back to the top of the list, though, and Colwell (pictured) – who assumed sole responsibility of the portfolio from Leigh Harrison in October last year – has some notable backers.

Columbia ThreadNeedle manages the top 10 of 29 funds

Though six of those 29 funds that hold it in their top 10 are managed by Columbia Threadneedle, the likes of Bambos Hambi have sizable stakes in Threadneedle UK Equity Income within his Standard Life Investments MyFolio range and Tilney Bestinvest uses the fund in six of its OEICs.Interestingly, however, 33 funds held Threadneedle UK Equity Income in their top 10 this time last year.The Threadneedle fund has one of the best long-term track records in the IA UK Equity Income sector and since Colwell was named a manager on the portfolio in September 2010, it sits comfortably in the top quartile with gains of 77.73 per cent.

The fund has also made money and beaten the index in every year under Colwell’s stewardship. The fund is biased towards the larger end of the UK market, but Colwell aims to run a more contrarian portfolio than many of his peers in order to deliver an attractive starting yield.  For example, he holds the likes of GlaxoSmithKline, Marks & Spencer Group, Morrisons and Centrica in his top 10 and, as a result, Threadneedle UK Equity Income yields more than 4 per cent. To know more news on finance and trade, you can follow us at https://twitter.com/financetradingn

Oil prices weakened, US Crude defends premium over Brent

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Last Monday, the price of oil has experienced a fall, said the sources. The fall in the price was there all over the Christmas season. Also the newly gained premium has been defended by the US crude, added the sources. The new premium was gained over the Brent, which was traded internationally. The Brent trading at the end of the year has brought this change, said the report on last Monday. The fall in price will not be a permanent one and the oil price will raise again in the New Year, said the sources.

Oil price has faced a 23c fall

According to the report, a barrel of oil was sold at a price of $37.87 in the starting of December this year. The price has not faced any changes since. But at the end of the month, the oil barrel price has faced a change. The price of oil has fallen and the sources told that the price of oil has faced a fall of 23 cents at the end of the month. The report has also added that the Brent has also experienced a fall in the Oil price this year end.

According to the report, the fall in the price of oil barrel at the Brent was 16 cents, which is quite lesser than the West Texas Intermediate. The Brent was defended by the US crude, said the sources. The Brent has got a global benchmark in the last week. The price of per Oil barrel in Brent was $37.73, said the report. The marketers have told clearly that this change in the price will not last long and soon when the year 2016 starts, there will be so much of changes in the world economy, which will definitely reflect in the oil barrel price also.

Trading volumes were also down these holidays

The report has told that, over the holiday period, the trading volume has faced a fall too. It was only 5000 West Texas Intermediate Contracts that have been hand changed over trading session on this Monday. But by last December 7, the total contracts that have been changed over the hands are 8,953. The US market has faced a slight tightening this December said the sources. And that is the possible way that has made chances for the fall in the price of oil barrel.

“The biggest adjustment to prices comes from WTI gaining premium over the Brent. This was mainly followed by the US lifting its ban on crude oil exports,” Singapore-based Phillip Futures said on Monday. The brokerage added that it expected “a quiet week ahead” with the biggest expected news for energy markets likely coming from US inventory data to be published on Wednesday and Thursday. While the US slightly tightened, international markets remain over supplied as producers like Russia and the Organization of the Petroleum Exporting Countries (OPEC) produce between half a million and 2-million barrels of crude every day in excess of demand. To know more on this, please follow us at https://twitter.com/financetradingn

It’s Time to See the Real Power of Global Economy

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“King of Bond” Mr. Bill Gross was warning the market players for a long time about the extended monetary easing and the danger hidden in it. earlier in this month, the famous money manager “Central bank of Casino”, along with the Janus Capital also have wrote that the monetary is printing money endlessly, just like the way people manufacture chips. They have added that there won’t be any running down in case of chips, but the gamblers will have to go home eventually and have to keep their doors closed.

Federal Reserve’s move of global economy

Federal Reserve has already cut down the interest rates to be zero bound in the year 2008. By the same time, they have also started to do quantitative easing. The quantitative easing is a policy by which the market will be supplied with money that was created newly. This move of the Federal Reserve has definitely made the global economy to recover. It has combined 4 trillion Yuan in the current stimulus civility of China. Though the move of Federal Reserve has brought recovery of global economy, it has also brought an equally unparalleled crisis to the markets.

It was exactly seven years back from now that the Federal Reserve has reversed the interest rates to be zero bound and has started to do quantitative easing. But the quantitative easing was brought back by the Federal Reserve in the year 2014 by the month of October. The loose money era has really become a worrying thing for the US economy but it really helped to strengthen it. By this time, the Fed Chair Ms. Janet Yellen wanted to ease up the Quantitative easing. The Auto market of US will get its real strength only when the stimulus of easy money is wear off, said the marketers.

Yellen has commented on the ease of QE

Yellen has recently met the reporters and have discussed on the US economy. She told that she has a great confidence towards the fundamentals of the US economy. She was questioned about the global economy by the reporters. The question was that whether the global economy will have a slower pace to get recovered just like the US economy faces now. During the year 2004-2005, the Fed was tightening and the growth of the global market also got hummed. It was around 5% in the real terms. Get update more information about IPO Visit Here.

In the past 7 years, the total debt all around the world alone has raised from 50 trillion dollars to 240 trillion dollars. This definitely shows how weak the global economy is. The marketers and economists have told that the new policies of economies all around the world now is expected to bring good sign for the world economy soon. The slow down of the growing market and the market emergence will definitely precipitate the economic crisis now, said the economists. Soon there can be some major changes happening in the world market. . For more details on latest IPO happenings, please follow us at https://twitter.com/financetradingn