Retail investors dump UK for Europe as election worries rise
UK equity funds saw their largest ever net retail outflow in March, the Investment Association said on Thursday, as investors’ preference for continental Europe continued to grow apace.
UK equity funds saw their largest ever net retail outflow in March, the Investment Association said on Thursday, as investors’ preference for continental Europe continued to grow apace.
Brooks Macdonald’s steady growth in discretionary funds under management continued in the third quarter, rising 7.5% to breach £7bn for the first time.
“Past performance is a guide to future returns,” says Lee Gardhouse, investment director at Hargreaves Lansdown. But, he is quick to add: “as long as you are looking at the right metrics.”
Dubai-based financial advisory group Holborn Assets has launched two offices in the UK as it looks to take advantage of the “incredible growth opportunities” in the region’s post-retail distribution review international business.
As the architect of Fidelity Worldwide Investment’s fixed income proposition whose team now numbers 73 and manages £49.6bn in assets, Ian Spreadbury represents a significant key man risk for the group.
Invesco Perpetual’s multi-asset team has found value in relative trades during the first quarter of 2015.
If the manager is freed from the benchmark, emerging markets offer many opportunities from a stock-picker’s perspective, particularly if headlines are negative, according to Ross Teverson, head of strategy for global emerging markets at Jupiter Asset Management.
European fund selectors are increasingly allowing for the possibility that Greece will leave the Eurozone. How markets will react to a Grexit is another question though.
Quantitative easing and its sister, zero interest rates are having a deflationary impact on the global economy says Fundsmith CEO, Terry Smith.
Bank of America Merill Lynch declared 2015 the ‘Year of the Blink’ on Thursday, pointing out in its latest Thundering Word note that both the Fed and the PBoC “blinked this year, allowing asset returns to remain buoyed by max liquidity”.
Despite the growing trend toward the use of discretionary managers to handle some or all of the investment portion of advice, a large number of advisers remain unclear about where the responsibility for investment suitability lies.
Multi-asset and global emerging markets remain growing areas of interest to advisers, new research by Square Mile Research and Consulting revealed on Wednesday.