The top five UK equity funds since the Brexit vote
Research by Chelsea Financial Services has revealed the top five performing funds in the two years since the UK voted to leave the European Union in the 2016 Brexit referendum.
Research by Chelsea Financial Services has revealed the top five performing funds in the two years since the UK voted to leave the European Union in the 2016 Brexit referendum.
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Abolishing higher rate pension tax relief and upper earnings limit on national insurance both on the table
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The Bank of England (BoE) has held interest rates at 0.5% but the central bank’s chief economist has surprised markets by siding with the hawks at the latest monetary policy committee (MPC) meeting.
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Boutique asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
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Saudi Arabia has been upgraded by index provider MSCI to its emerging market index, alongside Argentina, which has re-entered the index after being dropped in 2009.
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The European Central Bank has set an end date for quantitative easing, stating purchases will be halved after September before the programme ends in December.
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The US Federal Reserve is looking increasingly hawkish as it votes to raise rates to 1.75% to 2%, while its dot plot of Federal Open Market Committee members expectations indicates two more hikes to come in 2018.
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A hawkish US Federal Reserve has bumped interest rates by 25 basis points and hinted at two more rises by the end of the year, but industry figures believe over-aggressive tightening risks derailing the Trump trade.
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Stubborn inflation data and an unexpected decline in wage growth have made a summer rate rise look like an increasingly distant possibility.
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Global fund managers are finally turning positive on US equities and commodities while sentiment towards Europe and emerging markets has cooled, according to the latest Bank of America Merrill Lynch fund manager survey.
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Investment managers are positioned for long-term weakness in the US dollar, sticking by emerging markets, despite recent strength in the currency.
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Index provider MSCI has formally included about 230 China A-shares into its three widely-tracked indices, but fund managers see a minimal impact on the A-share market.
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