Old Mutual prices OMAM share sale
Old Mutual has announced a public offering of 13m ordinary shares in Old Mutual Asset Management (OMAM), representing further progress towards breaking the business into four separate units.
Equities
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Russian stocks rally as Trump policy priorities take shape
The Russian equity market has bounced back remarkably in recent months. Is this just another symptom of the ‘Trump rally’, or are there other, more structural reasons for this revival?
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Smith beats Woodford in Tilney Bestinvest rankings
Terry Smith’s £8.7bn global equity fund Fundsmith Equity snagged the top spot in Tilney Bestinvests list of the most selected funds of 2016, edging Neil Woodford’s equity income fund into second place.
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ESG demand grows despite performance doubt
Kelsey Biggers, head of investment risk at Franklin Templeton, said interest in environmental, social and governance (ESG) investing is set to grow despite no hard evidence on how it influences performance.
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FTSE 100 will smash 7300 in 2017, AJ Bell predicts
Rising oil prices, cheap domestic stocks and weaker sterling will create the perfect storm for the FTSE 100, boosting it to a record 7340 by the end of 2017, according to AJ Bell investment director Russ Mould.
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Markets shrug despite inflation hitting two-year high
Inflation in the United Kingdom hit a two-year high in November according to the Office for National Statistics.
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Now is not the time for unbridled optimism!
Back in August, the title of this monthly column was ‘The Only Way is Up’. For once I was right. While the political elite are falling from grace markets have continued their relentless march upwards this year.
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PIMCO calls for €30bn injection into Italian banks
An equity injection of €30bn to €40bn could revive Italy’s beleaguered banks according to PIMCO’s global head of financial research Philippe Bodereau.
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Fed rate hike means risk rally could be short lived – BAML
Bank of America Merrill Lynch suspects bank lending conditions will force the hand of the Federal Reserve, clipping the current risk rally.
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Asset managers prefer Japanese over US equities
Despite all the talk about the US equity Trump-boost in recent weeks, Japanese equities are actually a lot more popular with asset managers. Their consensus is that they will return more than 5% in 2017.
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Kleinwort Hambros sees rising diversification need
Investors should diversify their portfolios as broadly as possible in order to protect against fresh risks in the economy throughout 2017 Kleinwort Hambros has said.
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OMGI ‘s Crabb overweight Chinese equities
The new US president’s anti-trade agenda is a risk that is overblown in regards to China, according to Joshua Crabb, Old Mutual Global Investors’ Hong Kong-based head of Asian equities.