Terry Smith blasts style critics; disputes equity bubble
Star fund manager Terry Smith has hit back at critics who believe the defensive growth stocks he invests in are overvalued and that equities are in a bubble.
News
-
-
Buying spree sends Harwood profits up 600%
Aim-listed Harwood Wealth Management has posted a small profit after tax of £0.7m for the financial year ending 31st October 2017 up from £0.1m the previous year as it continues its acquisition spree.
-
Research ‘value-add’ questioned as analysts miss mark
Analysts missed the mark more often than not with their FTSE 100 recommendations in 2017, raising more questions about the “value-add” of research, data from AJ Bell has revealed.
-
Mifid II exposes ‘charging grubbiness’ of top 20 funds
Some of the biggest names in UK retail are charging investors nearly double the ongoing charges figure (OCF) of their funds, Mifid II regulations have brought to light.
-
Seneca’s Elston: Bonds a ‘clear and present danger’
Bonds pose “a clear and present danger” to investors, Seneca Investment Managers’ Peter Elston has warned.
-
JH&P hires Asia specialist to boost direct equity skill
James Hambro & Partners has recruited Asia specialist Camilla Cecil as it continues to develop its direct equity expertise beyond the UK.
-
Consistent fund performance proving hard to find
The number of open-ended funds delivering consistent top quartile performance fell below the historic average in 2017, according to the FundWatch survey conducted by BMO Global Asset Management.
-
Baillie Gifford’s Anderson ‘extremely disturbed’ by Kids
James Anderson, manager of the £6.5bn Scottish Mortgage Investment Trust, is “extremely disturbed” by Key Information Documents (Kids), saying they focus too much on past investment performance which could mislead investors.
-
Woodford doubles down on contrarian calls
Although last year brought “tough times” for Neil Woodford, the star fund manager said he will not back down from his contrarian positions but will attempt to provide greater clarity on his views to appease shareholders.
-
Eastspring appoints multi-asset veteran
Eastspring Investments has hired industry veteran Colin Graham as chief investment officer for its multi-asset business.
-
Jupiter’s Pidcock bulks up liquidity and slashes stocks
Jupiter’s Jason Pidcock has begun 2018 in a more defensive frame of mind and has been bulking up the liquidity of his Asian Income fund in case of a “mini-credit crunch”.
-
US equity and iShares dominate European ETF market
US equity exchanged traded funds (ETFs) were the preferred product for European investors looking at the ETF market in 2017, accounting for 15% of the market’s assets under management (AUM), according to Thompson Reuters Lipper research.
