BlackRock’s fund manager Justin Christofel is another believer in the European equities story but is cooler on UK and US stocks. In his co-managed £76.8m Global Multi-Asset Income Fund he has shifted marginally out of US equity exposure into European equities, where valuations are “less demanding”. “Equities are a bit more attractive in Europe than the US […]
It is easy to be wise after the event but given the ending of quantitative easing by the US Federal Reserve last year (and therefore no more extra dollars being “printed”) simple economic theory would predict that the price of something no longer in excess supply should rise. And it did! From the end of […]
Of all the sayings about the media’s need to remain neutral when delivering information to the public, one of the most over-used is that from former Guardian editor CP Scott back in the 1920s: “Comment is free but facts are sacred.” If so, then my column last week, in which I criticised the backward nature […]
Pension tax relief is set to take another hammering from reform-hungry politicians, with both the Conservatives and Labour setting out complex plans to cut allowances for people earning more than £150,000. Labour has previously come under attack from the pensions industry over its plans to taper away tax breaks for high earners. The proposals, which […]
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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