Given the tumultuous events in the markets at the end of 2008, you would have expected investor confidence to have hit rock bottom. But it seems that retail investors are more resilient than that.
Artemis lived up to its billing as the ‘profit hunter’ this week with the announcement that it is poaching New Star’s UK alpha fund manager Tim Steer.
How quickly things change. At the beginning of 2008, the Government believed the private sector could rescue Northern Rock and financial stocks accounted for over 25 per cent of the FTSE 100. One year later, a state-backed bank account is de rigueur and financial stocks only account for 17 per cent of the large-cap index.
Over half of mortgage network advisers predict protection business will pick up in the next three months, according to Legal and General director of housing Stephen Smith.
Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]
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FCA chief executive Andrew Bailey has used a speech at The Investment Association’s annual dinner to explain the regulator’s plans to make sure fees result in “sensible incentives” for fund managers. The regulator has put value for money in the spotlight with its Asset Management Market Study. The measures consulted on include getting more independent […]
Last week I was delighted to have the opportunity to talk about one of the most critical challenges for platforms over the next 5 to 10 years – whichhow do they need to evolve? And by ‘need’ – we frankly mean what’s required if platforms are genuinely to meet the needs of intermediaries and investors […]
Neil Woodford has upped his stake in Provident Financial as shares in the consumer credit company double from their August lows. According to a regulatory filing published late yesterday, the star fund manager increased his stake from 19.1 per cent to 20.1 per cent. Provident shares jumped 12 per cent on Friday morning when the […]