FTSE 100 sheds 2.5% on UK election sterling rally
The FTSE 100 index suffered its worst fall since the aftermath of Brexit yesterday, after Prime Minister Theresa May called a snap general election.
Equities
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Jupiter launches EM income trust for Teverson
Jupiter has expanded its emerging market offering with the launch of an income-focused investment trust targeting the region’s small and mid-cap stocks.
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Investment Quorum: ‘Gems to be found’ among DM small-caps
There are hidden, small-cap gems worth digging for in Europe, Japan and even the UK, according to Investment Quorum CIO Peter Lowman.
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Frikkee: ‘Trump excitement petering out’
Smith & Williamson’s Tineke Frikkee believes the extreme rotation in equity markets post-Trump that has favoured aggressive value stocks is showing signs of petering out.
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UK active equity underperformance quadruples in 2016
The S&P Indices versus active funds (SPIVA) Scorecard revealed that the amount of actively managed UK equity funds that failed to beat the benchmark quadrupled from 22.2% to 87.22% between 2015 and 2016.
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PA ANALYSIS: ‘Caution over chaos’ or bold action after Article 50?
While the momentous triggering of Article 50 was rather anti-climactic, should investors proceed with caution or carry on as before?
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BlackRock reveals major overhaul of active equity offering
BlackRock has revealed a major shake-up of its US active equity platform including job cuts and a reorganisation of funds.
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Jupiter’s Pidcock: End is nigh for Chinese growth
Manager of the Jupiter Asian Income fund Jason Pidcock predicts 2017 will be the last year Chinese growth exceeds 6% as the countdown to its property bubble bursting begins.
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Why T Rowe Price is significantly underweight China
With improved conditions in emerging markets set to continue, economic growth in the sector is poised to accelerate, says Gonzalo Pangaro, lead fund manager of T Rowe Price’s Emerging Markets Equity Fund.
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Financials hit in US equities slump
US stocks suffered their biggest fall in five months with the S&P 500 index dropping 1.2% to 2,344 as the Dow Jones Industrial Average also fell 240 points.
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PA ANALYSIS: The battle for financial services as Brexit gets real
Remembered as England’s “largest and bloodiest” encounter, the Battle of Towton of 29 March 1461 gave the country a new monarch and deepened divisions that would not be healed for decades.
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Woodford’s flagship fund finds footing; smashes £10bn mark
Neil Woodford’s flagship fund found its footing in February and broke the £10bn barrier as the reflation trade began to lose its shine.