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Aviva Investors operating profit doubles to £19m

7% revenue growth result of 'high origination fees on real assets' and positive market movements

Property fund outflows finally ease in July as ESG highs continue

Redemptions slowed to £94m last month while ESG equity funds welcomed second-best month on record

FCA mulls changes to speed up and simplify decision making in wake of scandals

Hargreaves Lansdown CFO steps down

Liontrust and Baillie Gifford see previous winners demoted in latest FE rebalance

Source: FE Fundinfo Despite the demotions, Liontrust still had the second highest number of top ranking funds at 13, representing nearly a quarter of its 58-strong fund range. It was tied with Blackrock and ahead of Fidelity’s 12 five-crown funds. Meanwhile Baillie Gifford fell all the way from second to seventh place in the latest rebalance, with nine funds achieving the five-crown rating, putting it behind Jupiter with 10 funds. Abrdn, which finished third in the January report, was up at the top of the table this time around with 16 five-crown funds in total. Sustainable funds lead the charge Once again sustainable funds continued to dominate the top performers in the latest review. Many of the new entrants to the five-crown club had a sustainable bent, including the BNY Mellon Sustainable Global Equity fund and Jupiter Global Sustainable Equities fund.