How much further will equity markets drop?
Higher rates are not yet fully priced into stock markets, warns Columbia Threadneedle’s Anwiti Bahuguna
Equities
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Terry Smith ditches two companies as he prepares to shut down Feet
Shares in the trust will still be tradeable on the LSE until a liquidator is named
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Hargreaves Lansdown rolls out first US equity strategy
The fund will begin trading on 1 November
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Link sale sinks after FCA demands £356m
It is not yet clear what this means for Woodford investors
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Quartet of SJP funds merged to create £4.3bn UK equity income strategy
JP Morgan Asset Management will join Artemis and Redwheel on the roster of multi-managers
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Growth stocks are still not cheap
Valuation gulf between growth and value stocks is still twice as wide as its average since 2003
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Darius McDermott: Different ways to allocate to technology
It has been oversold to the point where some tech now looks particularly attractive
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FCA doubles down on Link with £50m fine for Woodford failings
On top of the £306m it will likely have to stump up before the watchdog will greenlight its acquisition
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Pair of Jupiter funds dropped from Bestinvest buy list
As Finsbury Growth & Income and a Baillie Gifford strategy make the grade
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Link ready to fight as FCA warns would-be buyer likely on the hook to pay £300m in redress
But no word yet on if or how it will be distributed to Woodford investors
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Hargreaves axes Richard Pease’s Special Situations fund from Wealth Shortlist
£580m fund was also recently named and shamed in Bestinvest’s Spot the Dog report
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Investment industry leaves Russia out in the cold
‘Do not expect to see any institutional managers taking positions in Russian securities again for a very long time, if ever’