Tech sell off not the end for FAANG
A recent nosedive in the prices of technology stocks does not spell the end for the sector, fund managers have said.
Macro News
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Godber prepares to sell after ‘unknown’ election consequences
Last week’s general election result will have plenty of consequences for investors despite fund managers’ claims it has not affected their allocation, Polar Capital’s George Godber has said.
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Fund industry profits shrink as higher costs and passives bite
Worldwide profits for traditional mutual fund groups fell by close to 3% in 2016, despite higher assets under management, according to a report by McKinsey.
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Wealth managers dismiss ‘little local’ UK election
Wealth managers have dismissed the suggestion that the “little local issue” of Thursday’s UK general election will lead to any sweeping portfolio changes in the aftermath of the results.
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May fights on but investors fear ‘shaky’ Brexit talks
Investors made their priorities clear this morning with big fears over who will lead the country into Brexit negotiations.
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Hung parliament: Investors braced for volatility as May’s gamble backfires
Sterling has taken a hit overnight as the UK woke up to anything but a ‘strong and stable’ government.
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Five talking points on ECB policy
The ECB has kept interest rates on hold, but revised its economic forecasts. So, what have investors learned about Mario Draghi’s intentions?
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Tentative times as ECB holds rates
The European Central Bank (ECB) has held interest rates in line with market expectations.
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Sterling rallies against the euro as Britain heads to the polls
Sterling has bucked up against the euro, hours after polling began in the UK general election and ahead of the imminent European Central Bank meeting.
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Election doubts and terrorism fears spark soaring gold sales
Gold sales have soared in the past week after doubts over Theresa May’s ability to win the election, coupled with an increased terrorist threat.
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Coram AM refocuses European exposure on contagion risk fears
Coram Asset Management has adopted a selective approach to its European exposure on fears the interconnection between countries in the eurozone leaves them open to contagion.
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European Wealth makes play into frontier markets
European Wealth has added to its exposure in emerging and frontier markets resisting the current investor temptation to “sit on your hands” and weather any upcoming storms.