Shrivelling valuations make grim reading for trapped Woodford investors
There may be buyers lined up for the ‘remaining rump of firms’, but at what price compared to the valuations when the funds were suspended?
Analysis
-
-
How bad will the UK recession be?
BoE predicting a milder slump than the GFC but one economist says to prep for a ‘long series of negative pieces of economic news’
-
Surprisingly resilient emerging markets defy strong dollar
Even carving out a resurgent China, some EM economies delivered growth in Q1
-
Did 75bps rate hike signal peak Fed hawkishness?
All eyes will be on the annual Jackson Hole meeting which may offer clues about the path moving forward
-
Wealth managers batten down the hatches as US enters technical recession
Tilt towards quality and defensive plays like short dated credit and govvies alongside rising cash levels
-
Investment trusts trail open-ended rivals in H1
Equity focused closed-ended funds trounced but infrastructure and private equity vehicles prove more resilient
-
Fund manager exodus leaves experience vacuum
‘When markets get difficult, you want to see a few grey hairs on your manager’
-
Will attractive yields entice investors back into investment grade credit?
Spreads have widened considerably over govvies after pricing in the GDP slowdown but default rates remain low
-
Fears of a tepid reception see fund launches falter
After a quick-fire deployment, the number of ESG strategies brought to market is also on the decline
-
Blackrock AUM slump signals bumpy road ahead for investment industry
Rough earnings season could send share prices tumbling, making some firms acquisition targets
-
Small shareholder voices drowned out as companies become more controlled
Increasingly concentrated ownership means governance issues risk going unchecked
-
What do interest rate rises mean for wealth manager M&A?
Borrowing and debt servicing costs are going up, which will impact how much companies are willing to pay
