Despite the complications arising from Brexit negotiations and the lower interest rate environment, UK investors are among the most optimistic in Europe, a survey from Legg Mason Global Asset Management has found.
Portfolio advisers are increasingly asking themselves why they are having to deal with so much regulatory change emanating from the EU, given the fast approaching deadline for Brexit in March 2019.
Brexit uncertainty, the introduction of the national living wage and public sector pay freezes are among the confluence of factors stunting UK wage growth, according to AJ Bell investment director Russ Mould.
With assets under management totalling £63.5bn, the IA UK Equity Income sector has long been a favourite of investors hunting yield in a low interest rate environment.
The International Monetary Fund’s decision to downgrade the UK’s growth forecast for 2017 was likely a wake-up call for some investors. But is it a signal of more dire times ahead? Or just another year of mediocre growth?
The International Monetary Fund has lowered its growth forecast for the UK to 1.7% in 2017, while IHS Markit recorded waning optimism in the UK private sector.
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
Most UK investors fear Theresa May’s divided government could squander the growth opportunities for small businesses, a survey has found.
Though European Wealth’s Richard Stammers refuses to bet on whether the UK economy will survive Brexit, fear of the unknown has convinced him to cut his UK equity exposure to neutral.
The chairman and chief executive of global investment bank JP Morgan Jamie Dimon has warned it is decisions made in the European Union not in the UK that will determine if thousands more jobs move from London to other European centres in the wake of Brexit.
The chief executive of the Financial Conduct Authority Andrew Bailey has questioned whether financial firms should have to move owing to Brexit, adding that “authorities” should not dictate where financial firms are based.
Most UK fund managers fear the government has no idea what the asset management industry needs from Brexit to secure a good deal, according to research by consultancy MJ Hudson.
