Global fund managers are becoming increasingly bearish on corporate profits, with the amount thinking they will improve over the next 12 months falling to the lowest level since November 2005, according to the latest BofA Merrill Lynch fund manager survey.
The gap between stated and adjusted profit in FTSE 100 companies is at a 10-year high, according to AJ Bell which has raised fears firms are intentionally “muddying the waters”.
The picture for UK companies looks “murkier” despite them posting bumper profits in the last financial year, according to the latest data from The Share Centre.
Sanlam has removed four funds from its list of top-rated UK equity income funds – the White List – in its latest biannual study of the sector.
The global equity bull market has further to run, despite industry concern it has reached a peak, according to Charles Stanley.
Despite a murkier outlook for global inflation, there could be “positive surprises” ahead which make inflation-linked bonds an attractive diversifier, Fidelity International says.
The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.
China was the best performing country last month, while momentum beat other factors like quality, MSCI has reported.
This Wednesday (9 August) marks 10 years since the global financial crisis began, the morning BNP Paribas finally halted redemptions from funds containing now-infamous CDO instruments. We take a look at six sectors to see where you would have been best placed to invest in the decade that followed.
With the exception of funds tracking the US and UK mid caps, no passive funds have been able to generate first or second quartile performance in their respective sectors over the past 10 years, according to research from Chase de Vere.
The US equities rally has been given a fresh boost this year by continuing earnings upgrades and a weakening dollar, but Europe’s investors are not buying it.
Volatility in US equity markets plummeted to its lowest level in almost 50 years on Monday.
