Heartwood adding to European overweight despite Greece troubles
Heartwood Investment Management has added to its European equities overweight during the past week despite all the fallout from Greece’s potential eurozone exit.
Greece
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Volatility up but markets resigned as Greece votes ‘No’
Most European markets were trading lower (somewhere between 1 and 2%) in early trade on Monday, after Greece’s historic no vote in Sunday’s austerity referendum.
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PA ANALYSIS: No room for complacency as markets prepare for Greek worst
“Events in Greece have tipped the balance,” Bank of England Governor, Mark Carney, said on Wednesday as explanation for the Financial Policy Committee’s view that risks to financial stability have worsened.
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Less tragedy, more ‘theatre of the absurd’ for Greece
For the past few weeks, Greece and her creditors have engaged in more and more intensive dialogue in order to try to bridge the gap between their respective positions over continuing the gradual and orderly restructuring of the Greek economy and government finances.
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PA ANALYSIS: Has the market just looked down?
In the old Road Runner cartoons, Wile E. Coyote spent a lot of time running on air. Having run off a bridge or a cliff, he would remain remarkably buoyant for a while. Then he would look down and, of course, plummet to the floor.
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European equities carnage as Greece saga takes another twist
Markets around the world have once again been spooked by Greece as the European Central Bank limited funding over the weekend and capital controls were imposed.
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European fundamentals intact despite Greece- Heartwood
Fundamentals underpinning European equities remain intact despite the ongoing Greece saga, according to Jaisal Pastakia, investment manager at Heartwood Investment Management.
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Markets spooked as Greece talks go to the wire
The FTSE 100 fell significantly as markets fretted over whether Greece will fail to reach a deal with its creditors and default on its €300m International Monetary Fund payment tomorrow.
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Grexit could be overshadowed by US GDP – Brooks Macdonald
Kicking the Grexit can down the road has gone on long enough says Brooks Macdonald’s Jon Gumpel, but US Q2 growth figures could push the issue to the sidelines.
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PA ANALYSIS: How safe is all that new cash in European equities?
June is shaping up to be a significant month in the history of the European Union, and for European shares.
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Twenty Four AM planning UK mortgage trust launch
TwentyFour Asset Management is planning to launch a UK residential mortgage investment trust to be managed by Ben Hayward and Douglas Charleston.
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PA ANALYSIS: How smart is the money flowing into Europe.
After falling for much of 2014, fund flows into Europe have definitely picked up in 2015. But, with worries about Greece continuing and valuations within equity markets less compelling than they were, how should investors be viewing the market?
