Trade tensions and a strong dollar mean problems in Turkey may be just the tip of the iceberg In the middle of August, emerging market equities officially moved into bear market territory, with the MSCI Global Emerging Market futures index falling 20 per cent from its late January peak. The trigger for the most recent […]
7IM has poached Coutts Investments’ former head of investment strategy Terence Moll to join its investment management team. He will join the platform and discretionary manager as chief strategist. Moll’s former roles span the investment and pension space. He was formerly head of multi-asset allocation for the Universities Superannuation Scheme, as well as holding roles […]
Investing at this stage of the market cycle is a tough balancing act. While over-exposure to risky assets leaves a portfolio vulnerable when a correction really bites, taking too much risk off the table too soon can mean missing out on the remaining opportunities which may still present themselves over the coming months. With so […]
Seven Investment Management has cut gold from most of its multi-asset portfolios as it moves towards general commodities. 7IM first started eliminating gold from its portfolios last November, when it was cut by 1 per cent across portfolios, and then again this February, with a further 2 per cent cut. Now, it has dropped gold from […]
Prudential has recorded an overall group profit increase of 2 per cent driven by growth in its Asia business ahead of the spin-off of its UK arm. The group says it continues making “good progress” on the demerger in half-year results released today. Group operating profit for Prudential sits at £2.4bn, up 9 per cent […]
Standard Life Aberdeen‘s advice arm 1825 continues to make a loss three years after its launch. In financial results for the first six months of 2018, SLA says it continues to aim for national UK coverage for 1825. Two acquisitions this year taking the business to 80 financial planners across 14 locations providing face-to face […]
Old Mutual global equities head Ian Heslop has cautioned against managers pinning their hopes to interest rate predictions, as he suggests that the value investing style could still play second fiddle to growth for some time to come. In an interview with the Telegraph, Heslop says that investors trying to forecast metrics like interest rates, […]
The multi-asset label covers a diverse and complex range of investment funds and approaches. The common characteristic is that they deliver a return profile which reduces the risk of investing in those asset classes individually. Multi-asset fund managers aim to deliver superior returns while balancing the portfolio to ensure that the level of risk being […]
Three fund selectors explain what makes a choice investment for those seeking diversification
More than 200 jobs could go at Axa Investment Managers as part of a restructure that could save the firm €100m (£87.6m). The company says in a statement it plans to bring in a new operating model that could see up to 40 jobs cut in the UK and 160 in France. Axa IM chief […]
An analysis of the two most popular Investment Association mixed asset sectors has revealed wide variation in asset allocation that could have implications for advice suitability. Risk profiler Dynamic Planner researched the IA 20-60 per cent Shares and IA 40-85 per cent Shares sectors, assessing both asset mix, volatility and performance. Cash holdings in the […]
In a new blow for Neil Woodford, Morningstar has downgraded his signature £6bn equity income fund from silver to bronze following concerns about its positioning. Morningstar senior research analyst Peter Brunt says that “extreme positioning” in less-liquid parts of the market have made the fund “less nimble” than others. He says: “While Neil Woodford is […]