Platform Transact has reported total Funds Under Direction for Q4 rose by nearly £5bn year on year to hit a record £54.9bn, according to figures released today by parent company Integrafin Holdings plc (IHP).

Fixed income funds saw outflows of £356m in August, the first outflows since October 2022.

Fund manager Janus Henderson has launched the Janus Henderson Global Life Sciences Equity Fund OEIC.

Fund manager Fidelity has launched the Fidelity Global Future Leaders Fund, a new investment vehicle focusing on developed market small and mid-cap equities identified by the company as become future global frontrunners.