Rothschild seeks shelter in absolute return and gold
RIT Capital Partners has increased its allocation to absolute return and credit assets by 8% and pulled back from quoted equities and sterling to navigate choppy “uncharted waters” post-Brexit.
RIT Capital Partners has increased its allocation to absolute return and credit assets by 8% and pulled back from quoted equities and sterling to navigate choppy “uncharted waters” post-Brexit.
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Burberry Group shares spiked by over 7% on Wednesday after a better than expected sales update was released to the market.
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The investable universe post the Brexit vote has expanded greatly and is “ripe” for barbell strategies, despite a likely UK recession, according to Eclectica’s Hugh Hendry.
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Sterling leapt 1.4% today as markets welcomed the restoration of some stability in British politics following the referendum on European Union membership.
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Bank of England governor Mark Carney has indicated an interest rate cut and other new stimulus measures are on the cards.
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The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
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Markets were not as sure about the referendum result as the bookies on Thursday, with equities and sterling both slipping back during the afternoon following big climbs in the morning.
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The FTSE 100 has begun the day in very volatile fashion as the United Kingdom votes on whether to remain in the European Union or leave.
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Sterling’s latest dramatic fall demonstrates investors’ need to manage both currency as well as equity volatility, but do the big funds deliver in mitigating these risks within your portfolios?
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A weakening currency is seldom a black and white issue.
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As UK’s political landscape becomes increasingly uncertain, taking brave currency positions is not a wise move at the moment, according to Miton.
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Workers at Toyota’s plants in Burnaston and Deeside will breathe a sigh of relief on the car maker’s renewed commitment to the UK, but it’s a sign of further questions to come on Brexit.
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