Brexit chaos sparks fifth consecutive month of fund outflows April 4, 2019 Brexit chaos continued to affect fund sales in February as net outflows hit £156m, compared to inflows of £1bn the previous year. Investors have now sold a total of £11.5bn of UK funds since the 2016 referendum, as February marked the fifth consecutive month of outflows, the latest data from the Investment Association shows. Read [...]
Embattled asset manager GAM shakes up almost half of its board after sacking star fund manager April 4, 2019 Embattled asset manager GAM has appointed three new directors as part of a board shake-up. The firm proposed that three women – former Syz Asset Management boss Katia Choudray, ex-Janus Henderson general counsel Jacqui Irvine and former AIG vice president Monika Machon – be elected to the board next month. Read more: Embattled fund manager [...]
Quilter agrees £46m deal to buy financial advice firm Lighthouse April 3, 2019 Wealth manager Quilter has agreed to buy financial advice firm Lighthouse in a deal worth £46m. The acquisition would see Quilter, formerly Old Mutual Wealth, add Lighthouse’s 400 advisers to its network. Read more: Quilter boosts profits despite challenging market conditions Lighthouse’s board has accepted the offer of 33p per share – a 25 per [...]
Six tips to protect your portfolio during a market downturn April 3, 2019 When equity markets took a turn for the worse towards the end of last year, the onslaught of predictions about the end of the 10-year bull run came flooding in. With the markets creeping upwards since the start of 2019, it now seems that expectations of a bear market were premature. Even experienced fund managers [...]
What is powering ISA millionaire portfolios? April 3, 2019 | City Talk By Jemma Jackson from interactive investor. For our ISA millionaires, investment trusts and a little luck are key to a seven-figure portfolio. Whilst there is always a huge focus on the most popular ISA season funds, data from interactive investor suggests that when it comes to the largest portfolios, it is investment trusts that are [...]
Nouriel Roubini interview (Part I): Expect a ‘synchronised slowdown’ in 2019 April 2, 2019 | City Talk When Nouriel Roubini talks, it’s worth a listen. Not known for his optimism, the well-known American economist bears the moniker ‘Dr Doom’. CFA Institute spoke to him to get his take on topics including the prospects for global growth and technologies. CFA Institute: When you spoke to us in 2015, roughly six years after the [...]
Cash Isa vs stock market Isa: which has returned the most? April 2, 2019 | City Talk Saving money into a stocks and shares Isa over the last 19 years would have returned two-thirds more than a cash Isa, according to calculations by Schroders. The stocks and shares Isa carries more risk and is subject to greater volatility than the cash Isa, which also provides far greater protection for your investment. You [...]
Is Uber the new Amazon? April 2, 2019 | City Talk By Edmond Jackson from interactive investor. In a test of narrative power versus whopping financial losses, so-called “ride-hailing” or “ridesharing” giants Uber and Lyft have rivalled each other to list on the New York Stock Exchange – Lyft got there first. Both capture the spirit of the times, connecting taxi drivers to passengers via their [...]
City watchdog issues warning on investing in peer-to-peer loans April 2, 2019 The UK financial watchdog has warned customers about investing in peer-to-peer lending through innovative finance ISAs (IFISAS). The Financial Conduct Authority (FCA) said it had seen “high-risk” IFISAS, which invest money into products such as mini-bonds or peer-to-peer investments, being advertised alongside cash ISAs. Read more: Invest like it's 1999 However, these types of investments [...]
Kingfisher makeover fails to impress March 29, 2019 | City Talk The Kingfisher makeover has yet to win over investors, with results from the B&Q owner showing why. There are signs of progress within the Kingfisher (LSE:KGF) transformation plan, but the retail environment remains fiercely competitive and will continue to move on as the company tries to put its own house in order. Unfortunately, any benefits [...]