European exchange-traded funds and products top $539bn in July August 30, 2016 Assets under management at Europe's exchange-traded funds and products were at all-time highs at the end of July after being boosted by strong inflows and market gains. Growing by $9.4bn (£7.2bn) in July, assets totalled $539bn and were spread across over two thousand different European-listed exchanged-traded funds (ETF) and products (ETP). ETFs are usually index-tracking instruments whose value is linked to the [...]
Emerging markets have enjoyed a real comeback, but as expectations of another Fed rate hike grow, can it last long? August 30, 2016 At the beginning of the year, things looked dismal for emerging markets. Investor optimism had soured over the previous three to four years, thanks to a cocktail of tumbling commodity prices, a strong dollar and a Chinese slowdown which had shaken confidence in the sustainability of their growth. Nine months later, and the mood has shifted [...]
Will September be a particularly cruel month for investors? August 30, 2016 David Buik, market commentator at Panmure Gordon, says Yes. As a committed Brexiteer, it is imperative to be eternally optimistic, particularly in the face of hysterical Remain financial forecasting which emanated from the establishment, encouraged by a slew of eminent economists. After Brexit, further quantitative easing and a rate cut were quickly introduced, which resulted in [...]
From Italy to Trump, why are investors so complacent about political risk? August 30, 2016 As Theresa May plotted with her Cabinet this weekend about the country’s plan for Brexit, doomsday-predictors should have every reason to be amazed at where asset prices sit today. Funnily enough, market-savvy Brexiteers I spoke to in the aftermath of the vote were surprised but sanguine, saying markets always overreact. Clearly in the short term [...]
Fund Brexodus slows in July after “quite extraordinary” investor outflows in EU referendum month August 25, 2016 Outflows from the UK fund industry continued in July, but slowed after a “quite extraordinary” investor exodus in June, the month of the EU referendum. Net outflows totalled £1bn in July – an improvement on £3.5bn in June – according to the Investment Association. The strongest outflows last month came from equity funds, £2.2bn, but [...]
CityAM Unregulated podcast: Millennials to millionaires – how to get started with investing August 24, 2016 This week's podcast takes a look at how even millennials, with their meagre savings, can become millionaires – or at least try. Michelle McGrade, chief investment officer at TD Direct Investing, and Pete Matthew, host of the Meaningful Money podcast, discuss the first steps into investing, and outline the best ways for millennials to make [...]
Silver’s performance has been stellar this year, but will loose monetary policy and industrial demand allow it to maintain its surge? August 23, 2016 As Team GB celebrates second place on the Rio medals table, silver has seldom looked so good. It would appear that investors agree. Since the start of the year, the price of gold has risen over 25 per cent, but silver has outpaced it, rising by more than 30 per cent. It’s now at $18.89 [...]
It pays to be active and focused as an asset manager, study finds August 22, 2016 Active asset managers with a sector focus have been backed to outperform peers by a new report. Northill Capital found they have “significantly outperformed both generalist active asset managers and passive mandates across multiple asset classes over the past five years”. Read more: Lord Rothschild talks of "experiments" and "uncharted waters" Researchers compared the average five-year [...]
Classic cars, fine wine, coins and racehorses: One in six investors now has money in a “hobby” investment August 22, 2016 Call them sentimental, but more and more investors are turning their pastimes into profits, according to a new study from Lloyds Private Banking. One in six investors now cultivates a "hobby investment", spending on average £13,500 on a single item, though one in 10 is willing to splash out £50,000 on an individual item. The most popular [...]
Emerging markets funds hot, China not, for investors this summer August 22, 2016 Investors have turned away from China-only funds this summer, according to one online retail investment platform. But emerging markets funds have proved popular. Rplan.co.uk said that between 1 June and 15 August, it recorded a 75 per cent increase in flows to emerging markets funds compared with the same period last year. Meanwhile, China-only funds experienced [...]