July fund performance: Small caps rebound in marathon month of politics
While tech was the worst-performing IA sector over the month, according to FE fundInfo data
Macro News
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IA: UK investment management industry reaches £9.1trn in AUM for 2023
Allocation to UK equities falls 10% in 10 years
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Federal Reserve holds rates in July decision
Industry anticipates September rate cut to come
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‘If we cannot afford it, we cannot do it’: Chancellor Reeves hints at tax rises as she sets Budget date
Chancellor placed the blame for a £20bn ‘black hole’ in public finances on the Conservative Party
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Biden bows out: Industry speculates on Kamala Harris candidacy and market reactions
Biden withdraws from presidential race, endorsing Vice President Kamala Harris in his wake
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Weekly Outlook: Tesla and NatWest results
Key events for wealth managers for the week beginning 22 July
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The European Central Bank holds rates: Will we still see two more cuts this year?
Markets were assigning a 92% probability of the ECB holding rates prior to today’s meeting
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UK inflation remains steady at 2% in June
Industry commentators discuss likelihood of August interest rate cut
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Weekly Outlook: Netflix and Burberry quarterly results
Key events for wealth managers for the week beginning 15 July
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US CPI sparks rate cut discussion after downside surprise
Industry commentators weigh in on possibility of rate cut
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French election: ‘Worst-case scenario’ avoided, but fresh uncertainty looms
‘It’s possible that asset allocations to France will be permanently reduced’, says Carmignac’s Frederic Leroux
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Weekly Outlook: US banks and Barratt Developments results
Key events for wealth managers for the week beginning 8 July
