Assets fall in UK funds industry despite inflows
Despite positive net retail sales across the UK authorised funds industry, assets under management fell 2% in March due to market movements, Investment Association data shows.
Macro News
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Bank of England warns bond managers on hidden risks
The Bank of England has raised a number of concerns about hidden risks in the UK fixed income markets, while underplaying the impact of quantitative easing on bond yields.
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Robot revolution poised to shake-up fund industry
Asset managers may soon be able to use cutting-edge deep learning technology to gain a defensible competitive advantage, according to AI expert Nick Bostrom.
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UK slowdown casts doubt on City’s biggest bulls
Below-consensus UK GDP growth of 0.1% has caught the City off guard and thrown bullish predictions from the likes of Neil Woodford and Richard Buxton into question.
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Sterling slides as Carney casts doubt over May rate rise
Bank of England (BoE) governor Mark Carney has signalled that an interest rate rise in May could be pushed back, contrary to market expectations.
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UK inflation drop raises questions over rate increase
UK consumer price inflation fell sharply to the lowest rate in a year last month, raising questions over the Bank of England’s (BoE) direction on interest rates.
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Rathbones eliminates Facebook from global fund
Rathbones has removed its entire holding in Facebook from its Global Opportunities fund, with the fund manager saying the company has lost its consumer trust, but several investors continue to have large holdings in the stock.
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Time to be bullish or bearish on tech?
Technology stocks have recently come under significant pressure, dragged down by the sharp fall in Faang stocks. But is the sector in a bubble that is about to burst or just going through a healthy correction?
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Russian macro story woos investors despite sanctions sell-off
Russian markets tumbled on Monday in response to US sanctions, but investors have described the country’s macroeconomic management as “exemplary” and said the market sell-off is a buying opportunity.
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Funds could create ‘wider problem’ for tech sell off
Global equity funds with large allocations to tech could result in a “wider problem” if Monday’s sell off continues with many investors exposed to the sector even if they do not have direct holdings.
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Who has the upper hand in Brexit negotiations?
A year since UK prime minister Theresa May sent a letter to European Council president Donald Tusk triggering Article 50, the fund industry weighs in on whether it is the UK or the EU that has the stronger hand in Brexit negotiations.
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FCA welcomes passporting in Brexit transition
The FCA has confirmed European Union firms and funds benefiting from a passport do not yet need to apply for authorisation due to the implementation period that has been agreed between the UK and EU, while the Bank of England has said it will be business as usual for banks, at least for the next…