Is surprise uptick in US consumer confidence a false dawn?
Lower gas prices put small spring in consumers’ steps in August but weaker jobs growth could force households to rein in spending
Equities
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Passive funds more resilient than active rivals as investors prioritise cost and agility
Clear preference for trackers in Global, UK All Companies and Sterling Corporate Bond sectors
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Morningstar’s Bragazza: Diversify your diversifiers
It’s not just about historical correlations or equities and bonds
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Jupiter to sell Starling stake but Chrysalis holds on
The challenger bank is eyeing an IPO before the end of 2023
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Fundsmith adds mystery holding
But it is already one of the equity fund’s worst performers
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Invesco ventures into the metaverse with equity fund launch
Virtual and augmented reality could deliver £1.4trn global economy boost by 2030
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Which nine US sustainable funds have posted positive returns this year?
Majority of top performers fall into Morningstar’s clean energy category
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Equity income managers shrug off ‘Armageddon’ UK recession fears and dive into mid-caps
Companies have less balance sheet risk than they did heading into the GFC
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Rotation into risk assets might prove premature
Rebounds in both equities and govvies could have further to run but path to a sustained rally seems particularly narrow
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Is there an investor playbook to navigate a post-pandemic world?
Covid-driven distortions continue to plague the market
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Shrivelling valuations make grim reading for trapped Woodford investors
There may be buyers lined up for the ‘remaining rump of firms’, but at what price compared to the valuations when the funds were suspended?
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Abrdn moves to liquidate suspended Eastern Europe fund
Follows similar moves by Jupiter and Invesco as Russian markets remain largely suspended