Queen among UK elite investing in offshore funds
The scale of tax avoidance by the UK’s wealthiest is under the spotlight once again after leaked documents revealed even the Queen holds millions of pounds of assets in offshore funds.
The scale of tax avoidance by the UK’s wealthiest is under the spotlight once again after leaked documents revealed even the Queen holds millions of pounds of assets in offshore funds.
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Jerome ‘Jay’ Powell will replace Janet Yellen as chair of the Federal Reserve.
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Big macro calls on asset allocation could be a fool’s errand as the UK economy and markets enter a prolonged period of stability, according to Kames’ Stephen Snowden.
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Hawksmoor Investment Management is warning against investing in the Alternative Investment Market’s (Aim) five largest companies, which it has dubbed the ‘AbFab’ stocks.
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Despite adopting a cautious approach to risk, UK investors expect to generate an average 8.7% return on investments over the next five years, according to the Schroders Global Investor Study.
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Asset managers must embrace technological developments that will drive exponential change in the industry or risk missing out on growth, according to a PwC report.
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Up to 75,000 jobs in financial services could be lost in post-Brexit upheaval, the Bank of England believes.
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Investing in blue-chip companies is a dying trade as they are most at risk from disruptive market forces, according to equity managers at Hermes and Kames.
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Philip Hammond needs to admit his promise to eradicate the UK’s budget deficit by the mid-2020s is “no longer sensible”, a report from the Institute of Fiscal Studies (IFS) has said.
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Bond and equity markets were left unmoved after ECB-president Mario Draghi announced on Thursday that the ECB will cut the size of its monthly asset purchases in half from January next year.
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Asset managers expect a hawkish move by Mario Draghi at the European Central Bank’s (ECB) board meeting today.
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The pace of UK economic growth beat expectations in the third quarter of the year, further increasing the chance of an interest rate rise next week.
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