Mortgages for purchase rose by nearly 4 per cent to 24,300 or £3.1bn in February from 23,400 in January but remortgages fell by 20 per cent to 35,000 from 44,000 in January, according to figures from the Council of Mortgage Lenders.
A high weighting to banks and cyclical stocks has led Richard Buxton’s £1.04 billion Schroder UK Alpha Plus fund to rise some 30.6% over the month to April 3, according to the group. Over the same period, the average fund in the Investment Management Association (IMA) UK All Companies sector was up 15.1%.This stance had […]
Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
Is this a birthday to be proud of for the investment industry? Since Mifid II came into force a year ago, industry figures have continued to debate whether it has fulfilled its goal of increasing transparency in the asset management industry. The objective of making financial markets “fair, transparent, efficient and integrated” is a sizeable […]
The FCA has given the former chief executive and sales director of failed life settlement bond company Keydata until 1 February to pay more than £75m in fines between them. The final notices published on the FCA’s website today bring to a close years of legal fighting between the company’s top executives and the regulator, […]
Star manager Nick Train has described much of the current global political climate as “horrible”, but has sounded an optimistic note about the prospects for equity investors in 2019 on the back of heightened corporate activity. In the January update for the flagship Lindsell Train Investment Trust, Train writes that while equities took a beating […]