UK GDP was 1.2% higher in December 2020 as eased lockdown restrictions for the month helped to bring total growth for the fourth quarter of the year to 1% overall, according to the latest Office for National Statistics (ONS) data.
Fund giant BlackRock's first Assessment of Value (AoV) report covering its UK operations has revealed one fund liquidation, fee cuts for two vehicles and "enhanced performance monitoring" established for five underperforming funds.
A record-breaking 150 ‘dog’ funds have been identified in the latest bi-annual Bestinvest Spot the Dog report, with total assets of £54.4bn sitting in these vehicles.