Industry ramps up relocation plans as Brexit nears
Luxembourg and Ireland are the top jurisdictions set to benefit from asset managers shifting operations to new locations over the next five years, according to a State Street survey.
Macro News
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BoE scorned for brutal corporate bonds assessment
The Bank of England has been pilloried for its brutal assessment of the sterling corporate bond market given its role in driving yields so low.
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UK All Companies outflows surpass Brexit aftermath
Investors withdrew more cash from the UK All Companies sector in May than in the month after the Brexit vote, the latest figures from the Investment Association have shown.
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Capacity issues loom as adviser client numbers soar
As UK advisers continue to experience increased demand for their services, capacity issues are hitting home for some, wrap platform Nucleus has warned.
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Market volatility putting thousands of UK pension pots at risk
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
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Five emerging market views on Mexican elections
Mexico is set to lurch to the left when it goes to the polls this weekend with populist Andrés Manuel López Obrador, known by his nickname Amlo, the front runner in the presidential elections. Five managers weigh in on what Mexico’s politics mean for emerging market investors.
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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.
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Theresa May could raid pensions for Brexit promise
Abolishing higher rate pension tax relief and upper earnings limit on national insurance both on the table
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BoE rate decision reveals surprise hawk
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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Multi-asset boutique increases European exposure
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 added to the MSCI EM index
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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ECB to end quantitative easing
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.