View more on these topics

Chinese share falls drag down FTSE All World index


Chinese shares continued to drop on Tuesday, following the biggest loss in nine years on Monday and denting the FTSE All World index.

The Shenzhen closed 1.86 per cent down on the day, while the Shanghai Composite Index closed down 0.26 per cent for the day.

The continued uncertainty and market falls in China led to a 2.7 per cent fall in the FTSE All World index, the largest drop since the China turmoil last summer.

Yesterday saw the CSI 300 index – the top 300 stocks from the Shenzhen and Shanghai Composite – fall 7 per cent, triggering newly-introduced circuit breakers that halted trading for the day.

Maurice Obstfeld, director of research at the International Monetary Fund, says “serious challenges” remain in China in restructuring the economy.

In particular he identified balance sheet weakness, the financial markets and “the general flexibility and rationality of resource allocation”.

He adds that “China will remain high on the list” of the key issues we need to pay attention to in 2016.

He says: “Its economy is slowing as it transitions from investment and manufacturing to consumption and services.

“But the global spillovers from China’s reduced rate of growth, through its diminished imports and lower demand for commodities, have been much larger than we would have anticipated.”



Data provider FE switches to clean share classes

FE will switch to clean share classes for its fund rating system, ahead of changes from the Investment Association later this year. The data, research and ratings provider will switch the share class it uses for the basis of its FE Crown and FE Passive Crown ratings to the highest charging clean share class from […]


Govt to directly commission building of 13,000 new homes

The Government has kick-started its affordable homes programme by announcing the fast-track building of thousands of houses on publicly-owned land. This kind of large direct commissioning approach marks a “radical” policy shift, according to the Government, as this tactic has not been used since Thatcher and Heseltine began revamping London’s Dockland district in the 1980s. […]

FCA logo new 3 620x430

The biggest FCA fines of 2015

The FCA imposed a total of £905,219,078 in fines in 2014 against 39 firms. The level of penalties marks a 38 per cent fall on the £1.4bn issued in fines in 2014. Banks continued to pay the price for foreign exchange failings, as well as manipulating Libor rates. Issues around complaint handling related to missold […]


Policing the market: FCA flags secondary annuities concerns

The creation of a secondary annuities market presents bigger consumer protection concerns than the pension freedoms, the FCA warns, as it sets out the key challenges of policing the reforms. On Tuesday Chancellor George Osborne unveiled details of another pensions overhaul that will allow savers to cash in their annuities from April 2017. The reforms […]

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

Content supplied by Loomis, Sayles & Company — an affiliate of Natixis Global Asset Management For mutual fund investors and managers of large pensions or endowments, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm