Coombs: Passives are ‘blunt’ tools in post-Brexit reality
David Coombs, head of head of multi-asset investments at Rathbones believes passive funds may be inadequate to overcome the challenges arising in the new political climate.
David Coombs, head of head of multi-asset investments at Rathbones believes passive funds may be inadequate to overcome the challenges arising in the new political climate.
Wealth manager Rathbone Brothers has reported a 4.7% rise in funds under management to £35.8bn in the first quarter, driven by market gains.
Confusing innovative technology with disruptive products when investing is a “sure-fire” way to destroy wealth, investment manager Rathbones has warned.
Neil Woodford scored a notable double with his new Income Focus Fund and established Equity Income Fund dominating sales through The Share Centre in March.
Rathbones has expanded its research team with the appointment of a new asset allocation analyst.
Europe is “cheap for a reason” according to Rathbones’ David Coombs, who said the recent turnaround in markets on the continent could be a false dawn for investors.
Rathbones is set to launch a managed portfolio service offering six actively managed strategies, led by David Coombs.
Rathbone Unit Trust Management’s Mike Webb says the passive “blunderbuss” is posing a risk to capital raising and the financial services industry as a whole.
The market rise in the latter half of 2016 helped push Rathbone Brother’s funds under management up 17.1% in 2016, although the costs of acquisitions and a head office relocation saw overall profits fall 14.5%.
World markets may have hit record highs on Thursday but some professional investors fear a correction in prices is waiting in the wings.
Rio Tinto delivered a strong set of final results, bolstered by the recovery in the sector and changes to its dividend and business strategy.
Rio Tinto reported solid production results for the fourth quarter and full year 2016, boosting expectations that the firm could reward investors in 2017.