Year in review: The UK
In an environment of protracted Brexit negotiations, continued political uncertainty and weaker economic growth, investors generally lost faith in UK equities in 2017 with many migrating to global and absolute return funds.
UK
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Queen among UK elite investing in offshore funds
The scale of tax avoidance by the UK’s wealthiest is under the spotlight once again after leaked documents revealed even the Queen holds millions of pounds of assets in offshore funds.
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Interest rates rise for first time in decade
The Bank of England has increased interest rates for the first time in a decade, reversing the 0.25% emergency cut implemented in the aftermath of last year’s Brexit referendum.
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Most UK adults ignore investing
The vast majority of UK adults have no investments and favour holding cash savings, an inaugural survey by the Financial Conduct Authority (FCA) has found.
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MSCI: UK worst performer in June
The UK was the worst performing single country index in June while Canada was the best, according to data by MSCI.
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Wealth Manager Profile: WH Ireland’s Roderick Buchanan
WH Ireland wealth management head Roderick Buchanan talks about overhauling the business, embracing the digital age and why a ‘sensible’ investment style is best for clients.
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PA ANALYSIS: Budget double blow for economy’s ‘lifeblood’
The self employed and small business owners received a double blow in Wednesday’s Spring Budget.
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SLI’s Hambi moves to neutral on Europe and takes UK underweight
Signs of an improving global growth environment have prompted Standard Life Investment MyFolio multi-manager head Bambos Hambi to re-evaluate his outlook on Europe and stick to his guns on the US and UK.
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BMO’s Potter goes neutral US post-Trump, keeps Asia overweight
BMO Global Asset Management’s Gary Potter revised his funds’ underweight US position to neutral after the election, but did not back down from his convictions on Japan and Asia despite Donald Trump’s trade rhetoric.
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Wealth managers split on opportunities presented by stalled Brexit scenario
Edinburgh-based wealth managers Simon Lloyd of Murray Asset Management and Charlotte Square Investment Managers’ William Forsythe have very different ideas about investment prospects in the United Kingdom and European Union post-Brexit, but neither think it will rival the shock of the 2008/2009 financial crisis.
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Investec warns of lower profits, despite healthy AM inflows
Investec cautioned profits would be “slightly behind the prior year”, despite positive H1 net inflows in its asset management arm.
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UK dividends trailing behind global competitors
The United Kingdom’s dividends lagged behind its G7 industrialised peers in the second quarter as the effects from weaker profits and a flailing post-Brexit pound severely hampered pay-outs.
