UK consumers defy expectations in July, with food sales surging
The strength of the UK consumer proved resilient in July, with month-on-month retail sales rising 0.3% according to the Office for National Statistics (ONS).
Author: Adam Lewis
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Profit expectations fall to lowest level in nearly three years
Global fund managers are becoming increasingly bearish on corporate profits, with the amount thinking they will improve over the next 12 months falling to the lowest level since November 2005, according to the latest BofA Merrill Lynch fund manager survey.
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OMGI launches first Cocos fund
Old Mutual Global Investors has announced the launch of the Old Mutual Financial Contingent Capital Fund, marking the asset manager’s first foray into the contingent convertible (Coco) bond market.
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Four funds lose Sanlam’s ‘White List’ status
Sanlam has removed four funds from its list of top-rated UK equity income funds – the White List – in its latest biannual study of the sector.
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Roberts and Milburn departures prompt Kames fixed income reshuffle
Kames Capital has reshuffled its fixed income desk after it was announced that head of fixed income David Roberts and head of fixed income strategy Phil Milburn have both left the business with immediate effect.
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Nikko AM boosts global equity team with new hire
Nikko Asset Management has added resource to its global equity team with the hire of Jeremy Hall from Cartesian Capital Partners.
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Investors rush to gold following rising North Korea tensions
The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.
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Five ideas to diversify your income stream
Since the financial crisis, investors have increasingly turned to equities to provide an income. One favourite has been the £63.5bn IA UK Equity Income sector, but this has suffered two months of investor outflows. Taking this on board, Architas investment director Adrian Lowcock suggests five ways investors can diversify their income.
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Research questions long-term performance of tracker funds
With the exception of funds tracking the US and UK mid caps, no passive funds have been able to generate first or second quartile performance in their respective sectors over the past 10 years, according to research from Chase de Vere.
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PA ANALYSIS: Is the UK equity income love affair over?
With assets under management totalling £63.5bn, the IA UK Equity Income sector has long been a favourite of investors hunting yield in a low interest rate environment.
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JOHCM readies for global income launch with double hire
JO Hambro Capital Management (JOHCM) has hired two managers ahead of the launch of a multi-asset global income fund at the start of next year.
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Exodus from UK equities continues in June
Investors continued to flee from UK equities in June, with £1.1bn flowing out of the UK All Companies, UK Equity Income and UK Smaller Companies sectors, according to latest Investment Association (IA) statistics.
