Woodford Patient Capital shares fall 1.7%

LONDON (Reuters) – Shares in Woodford Patient Capital Trust (WPCT), Woodford Investment Management’s only listed fund, fell 1.7% at the open on Wednesday after the Financial Times reported it may drop Neil Woodford as manager. Woodford Investment Management suspended its flagship 3.7 billion pound ($4.71 billion) unlisted fund last week. WPCT is meeting investors this […]

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Investors piled into U.S. Treasuries, money-market funds amid trade tensions: Lipper

(Reuters) – Investors’ aversion to risk-taking intensified in the latest week, stemming from trade tensions between the United States and China as well as Mexico, with U.S.-based domestic equities funds posting $10 billion of cash withdrawals, according to Refinitiv’s Lipper research service on Thursday. It was the group’s second consecutive week of cash outflows, with […]

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Bank of America adds human option to enhance robo investment offerings

(Reuters) – Bank of America Corp is rolling out a new wealth management product that combines automated portfolios with human advice, becoming the latest brokerage to seek to boost business by blending digital with personalized financial planning. It comes as competitors are increasingly offering hybrid advice models, in response to questions about the potential profitability […]

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