Fund industry profits shrink as higher costs and passives bite
Worldwide profits for traditional mutual fund groups fell by close to 3% in 2016, despite higher assets under management, according to a report by McKinsey.
News
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Business confidence ‘plunges’ after hung parliament
Business confidence in the UK suffered a sharp downturn in the wake of the hung parliament result in last week’s general election, according to the influential Institute of Directors (IoD).
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Fidelity China Special Sits hails market-beating gains post-Anthony Bolton
Fidelity’s high-profile China Special Situations investment trust has pointed to market-beating returns since its star manager Anthony Bolton retired.
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Albion Ventures rebrands after expansion into private client world
Investment manager Albion Ventures has rebranded following its recent acquisition and expansion into the private client and charities sector.
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Killik names new wealth planning head
Private client investment house Killik & Co has appointed former Investec Wealth financial planner Svenja Keller.
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Weak and wobbly? Lessons for investors from past hung Parliaments
The UK general election 2017 has resulted in a hung parliament, with no single party managing to claim at least half of the House of Commons’ seats.
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Woodford and Buxton lead calls for UK optimism
In a sea of naysayers on the UK economy, heavyweight investors Neil Woodford and Richard Buxton argue the domestic outlook is looking up.
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Investors see value in FTSE 250 after election surprise
While investors aren’t finding as many buying opportunities after the general election, they are eyeing up the FTSE 250 stocks.
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Wealth managers dismiss ‘little local’ UK election
Wealth managers have dismissed the suggestion that the “little local issue” of Thursday’s UK general election will lead to any sweeping portfolio changes in the aftermath of the results.
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Global resources head Warner to depart First State
First State Investment’s head of global resources Joanne Warner is to retire from fund management in August.
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May fights on but investors fear ‘shaky’ Brexit talks
Investors made their priorities clear this morning with big fears over who will lead the country into Brexit negotiations.
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Hung parliament: Investors braced for volatility as May’s gamble backfires
Sterling has taken a hit overnight as the UK woke up to anything but a ‘strong and stable’ government.
