The Association of Investment Companies (AIC) is creating three new investment company sectors as part of a sector reshuffle.

The FCA has publicly censured fund operator Blue Gate Capital Limited and ordered it to pay £203,007 in restitution to investors who lost money in the Connaught Income Fund, Series 1. 

ESG funds have outperformed their non-ESG peers in three major equity markets in 2020, according to research from investment manager and platform Willis Owen.

Research by consultancy Fitz Partners has revealed that 33% of asset managers across Europe now offer ‘early-bird’ discounts of up to 47% to promote new funds.