Fed minutes hint at June rate rise
The Federal Reserve seemingly nudged the door open a fraction for the second interest rate rise since the financial crisis when it released its latest minutes last night.
News
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Seven themes shaping financial markets and investments
The long term trend of easily securing healthy returns is coming to an end and investors now face the challenge of how to generate reliable capital growth and income. Aviva Investors has identified seven drivers of long term investment returns. They can be seen by clicking through the following pages.
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Brewin Dolphin in “hiring mode” amid profit drop
Undeterred by a sharp drop in pre-tax profits, Brewin Dolphin unveiled plans to expand its discretionary business and said it remains in ‘hiring mode’.
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Hargreaves inflows slow but steady despite volatility
Hargreaves Lansdown sustained a drop in net inflows in the four months leading up to April 2016, despite seeing a 3% increase in the value of assets held by its Vantage service and an expanding client base.
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Ex-Keydata employee banned by FCA but escapes £200k fine
The Financial Conduct Authority (FCA) has banned and publicly censured the former compliance officer of disgraced investment firm Keydata.
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IFAs have ‘no clue’ on pensions – BoE’s Haldane
The Bank of England’s chief economist Andy Haldane has said that financial advisers have “no clue” about pensions, while admitting that he himself cannot make the “remotest sense” of them.
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Miton moves to replace Godber and Hamilton
Miton Group has hired Andrew Jackson as manager of the CF Miton UK Value Opportunities Fund, replacing the outgoing George Godber and Georgina Hamilton.
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Portfolio diversification benefits stop at 40 stocks
As soon as a fund’s portfolio reaches 40 stocks, the benefits of portfolio diversification diminish. Therefore, fund managers should strive to have no more than 40 holdings. That’s the conclusion of a study conducted by Nomura Asset Management.
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Lloyds needs to embrace its dividend yield potential – AJ Bell
Lloyds Banking Group could unlock potential by rebranding itself as an income stock, if only it cleans up its act, according to Russ Mould, investment director at AJ Bell.
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“Changes are afoot” in commercial property
Several major asset managers have responded to Brexit anxieties and increased redemptions by switching their funds to bid prices, but what does this mean for the wider sector?
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Rigid focus on cost a false economy in active/passive debate
There is an overriding focus on cost rather than value at work within the financial services sector, says Jason Broomer, head of investment at Square Mile Investment Consulting and Research.
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Rathbones refuses to let volatility dampen long-term growth plans
Rathbones has reiterated its commitment to long-term growth, despite ongoing volatility within the markets it serves.