UK asset management to see post-Brexit exodus of EU nationals
The UK investment management industry is likely to lose many of its European professionals following Brexit, according to a survey by the CFA Society.
Macro News
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Carney under pressure as inflation hits five-year high
UK Inflation hit a five-year high of 3% in September, making the prospect of Bank of England (BoE) raising interest rates next month even more likely.
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Cash balances fall but investors still flying close to the sun
The average cash level held by global fund managers has dropped to its lowest level in more than two years according to October’s BofA Merrill Lynch Fund Manager Survey.
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City bigwigs push for £2bn impact fund
A £2bn fund should be launched to kick-off investment in underdeveloped communities and mark the UK out as a hub of impact investing, a panel of top City players has said.
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Timing a correction is a fool’s errand
The head of global multi-asset strategy at JP Morgan Asset Management (JPMAM) has described any attempt to time a market correction as a “fool’s errand”.
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ECB to halve QE purchases in 2018
The ECB is considering cutting its monthly bond buying from €60bn to €30bn at its next board meeting on 26 October, according to a Bloomberg report.
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IMF flags next global crisis
After recently publishing a rosy global economic outlook, the International Monetary Fund sketched the contours of the next financial crisis, urging policymakers to take measures to rein in exuberance.
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Could Catalonia cause chaos for global investors?
Should investors be worried about the impact of Spain’s worst political conflict in 40 years?
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IMF sees global growth accelerate
In a sign the world economy is heating up, the International Monetary Fund (IMF) has revised its global GDP growth forecasts upwards for the second time this year. The global recovery is still “incomplete” though, it claimed.
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Fund groups failing to sell ethical investments
Investor demand for ethical products is on the rise but the industry has missed a trick by failing to speak in a language that resonates.
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Is October’s penchant for volatility cause for concern?
October is renowned as being particularly volatile for markets, but this reputation should be viewed in perspective as it stems from just three events, argues Architas’s Adrian Lowcock.
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Investors dump emerging market debt as Fed hike looms
Emerging market debt has been the best-selling asset class with European investors this year, but flows turned negative in late September against a backdrop of a hawkish Fed and a strengthening dollar.
