Ex-City minister slams FCA after Woodford suspension June 7, 2019 Former City minister Lord Myners slammed the financial regulator for failing to act on signs that Neil Woodford’s flagship fund was in trouble. Myners said the Financial Conduct Authority “should have been awake” to issues at the Woodford Equity Income Fund. The former star trader’s fund was suspended this week following a surge in investor [...]
Retail fund sales bounce back after six months of outflows June 6, 2019 The fund market returned to positive net retail sales for the first time in six months in April as investor confidence bounced back. Sales reached £2.2bn as savers embraced ISA season, with sales that can be directly traced back to an ISA wrapper hitting £826m. Read more: Brexit chaos sparks fifth consecutive month of fund [...]
India: Enormous advantage for UK investors June 6, 2019 | City Talk By Rodney Hobson from interactive investor. There are lots of reasons to invest in India now. Our international columnist runs through them here. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares [...]
What’s gone so wrong for Neil Woodford? June 5, 2019 In the not-so-distant past, Neil Woodford was a bit of hero, beaming among the failed fund managers who had blindly bought into the tech boom of 2000. But sometimes stars fall. Or in Woodford’s case, they implode. News that Britain’s most famous fund manager has blocked withdrawals from his flagship fund may have left us stunned, but it’s [...]
Fevertree Drinks: Does 20% slump offer rare chance to buy? June 5, 2019 | City Talk By Edmond Jackson from interactive investor. It’s one of the great stock market success stories but is vulnerable to shifts in sentiment. Our companies analyst shares his thoughts after a savage sell-off in May. Following my recent review of soft drinks firm Britvic (LSE:BVIC), it is pertinent to compare the risk/reward profile of AIM-listed Fevertree (LSE:FEVR) – both as a potential [...]
Invest in green energy, urges minister, as financial risks of climate change ‘too important to ignore’ June 3, 2019 Pensions minister Guy Opperman has urged fund managers to “do the right thing” and put money into renewables. Read more: Shell switches 700,000 customers to renewables as it rebrands First Utility Speaking in London, he said pension and investment managers must take their environmental responsibilities seriously to help fight global warming. Opperman said: “The financial [...]
Six investment trusts that pay a monthly income June 3, 2019 | City Talk By Kyle Caldwell from interactive investor. Just six investment trusts pay investors on a monthly basis. New research reveals which ones. It has never been easier for do-it-yourself investors to assemble an income portfolio, as over the past couple of years both open-ended funds and investment trusts have moved to pay income more frequently than [...]
‘Return of the CDO’ – how scary could that sequel prove? June 3, 2019 | City Talk CDOs 2 (complete, of course, with the tagline ‘Just when you thought it was safe to go back into collateral debt obligations’) is unlikely to have filmgoers queuing round the block – and yet ‘Overconfident group reckon they can do better than previous set of unfortunates in the face of all warnings and evidence to [...]
Three reasons why the UK stock market looks compelling May 31, 2019 | City Talk Whatever the opposite of a sweet spot is, many investors think UK equities are currently in one. With Brexit still unresolved, some have put the market in the “too difficult” basket. While it is understandable to fear uncertainty, as stock pickers we embrace the mis-priced opportunities created by it. The global nature of the market [...]
Burberry fails to stop the selling May 31, 2019 | City Talk Hard-won gains continue to evaporate as Burberry does no more than expected, writes our head of markets. Still being in the early stages of its transformation plan is dragging on these full-year numbers, but there is little doubt that Burberry's (LSE:BRBY)aspirations are high. Revitalising its iconic brand may take some time, but Burberry seems well-positioned. [...]