US and Europe: monetary divergence or convergence?
Blackrock’s chief investment strategist Richard Turnill believes “monetary divergence” between the US and the eurozone is creating investment opportunities.
Macro News
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Pictet ups exposure to Europe and Japan
Pictet Asset Management has increased its weightings to the eurozone and Japan, while at a sector level it has raised exposure to financial and energy companies.
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King’s speech rattles Spanish markets
The Spanish stock market opened deep in the red on Tuesday morning, following a combative speech by Spain’s King Felipe in which the monarch blamed Catalan authorities squarely for the escalating political crisis that has engulfed the Mediterranean country.
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Govt sets up asset management taskforce
A taskforce to examine how the £8trn UK asset management business can beat the Brexit blues will be set up by the Treasury, City minister Stephen Barclay has revealed.
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Sell-side research short-term and flawed
Sell-side research is too positive, too short term and avoids controversial topics leading to a misallocation of capital, according to a survey of sell side analysts themselves.
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D2C platforms prioritise best-buy lists over client experience
A drive toward transparency in the platform market will narrow the gap between big retail players and the institutional market, Multrees Investor Services chief executive officer Chris Fisher predicts.
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Fidelity’s Bateman: the better hedge than gold
Fidelity International’s James Bateman believes oil is a better “Armageddon hedge” than gold because it is needed irrespective of market conditions whereas gold is not.
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Are snap elections a game changer for Japanese equities?
Japanese equity fund managers are backing small and mid cap companies in the tech space as well as ‘online disrupters’ ahead of the snap election to be held in October.
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Alpha Financial Markets Consultancy, Aim, Aim Listing, Consultants’
Active funds investing in UK equities enjoyed strong 12 months, with 80% of sterling denominated funds outperforming benchmark.
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Chief Brexit negotiator backs federalised Europe
A federalised Europe is the only way to secure the survival of the European Union, according to one of its chief Brexit negotiators.
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Fed to taper next month; December rate hike expected
The US Federal Reserve has left the Fed Funds Rate unchanged at 1-1.25%, but announced it will begin to unwind its quantitative easing programme in October.
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Sentiment to UK worse than after Brexit vote
The UK remained an unpopular place for investors to park their cash in September, as lingering uncertainty regarding the shape of the Brexit deal continued to spark anxiety about the region’s long-term prospects. The UK equities sector was the biggest loser by far, falling 3.20 percentage points (pp) in investors’ estimation to 1.55% between August and September, its…