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’
Analysis
-
-
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
-
Absolute return giants fail to pass muster in volatile H1
Mega retail funds like Gars and Invesco GTR fare poorly as boutique alternatives steal the spotlight