A long-term strategy for the asset management industry was among the raft of measures announced in Wednesday’s budget, alongside news of slowing growth, slashed Stamp Duty and an extra £3bn in the Brexit pot.
Charles Stanley has warned that without an increase in trading activity or other revenue, it is unlikely to meet its market expectations for 2017.
Janet Yellen has decided to step down as a member of the Federal Reserve board once her successor Jerome ‘Jay’ Powell becomes chairman.
Most asset managers will offer ETFs in the next five years, according to two-thirds of respondents to an EY survey.
Global dividends grew at their fastest rate for more than three years in the third quarter of 2017, with the UK putting in the strongest performance, according to the latest Janus Henderson Global Dividend Index.
A sell-off in junk-bonds last week has led to a jump in volatility across most global markets, with Europe seeing its biggest gain since September.
The total value of trading over the two Mainland-Hong Kong Stock Connect schemes since the launch of the Shanghai link three years ago has surpassed $1trn.
Norway’s sovereign wealth fund is proposing to dispose of all its holdings in oil and gas stocks to “make the government’s wealth less vulnerable to a permanent drop in oil and gas prices,” the fund announced in a letter to Norway’s ministry of finance.
Kleinwort Hambros chief investment officer (CIO) Mouhammed Choukeir has argued the “bull market can continue to grind higher”.
While UK retail sales registered a monthly increase of 0.3% between September and October, annually they dropped 0.3% according to the Office for National Statistics (ONS).
Tilney’s Jason Hollands has argued that the UK’s struggling economy is likely to be a short-lived beast.
Despite perceiving equities to be overvalued, global fund managers cut cash allocations and admitted taking above normal levels of risk, according to the November BofA Merrill Lynch fund manager survey.
