Fundsmith launches investment trust targeting smaller firms September 4, 2018 Fundsmith has announced plans to create a new £250m investment trust, which will target global small to mid-cap businesses. City veteran Terry Smith, who founded £17bn equity fund Fundsmith in 2010, will invest £25m in Smithson Investment Trust. Read more: Fundsmith partners net £14m as revenues soar The Smithson team will be lead by former Goldman Sachs analysts Simon [...]
The importance of genuine influencers September 4, 2018 Last week we looked at the ICO market right now – there’s no doubt it’s a difficult time out there if you are running, or investing in, ICOs. This week I want to talk about the importance of (credible) influencers in the ICO space. At the time of writing, the crypto currency markets are still [...]
Masternodes: A Crypto asset you need to know about! September 4, 2018 Master what?’ is a common reaction from crypto investors when they first hear about Masternodes. Yet these new crypto assets, which provide a reliable passive income, have experienced tremendous growth and are set to become the underlying infrastructure of the crypto economy. Last October there were just 30 cryptocurrencies that supported Masternodes, while today there [...]
August’s top and bottom performing funds September 4, 2018 | City Talk The Turkish lira succumbed to a savage slump in August following a doubling of US tariffs on Turkish steel and aluminium in retaliation for the imprisonment of a pastor on terrorism charges. Concerns about the Turkish economy had been mounting for some time given President Erdogan’s increasingly autocratic rule and the appointment of his son-in-law [...]
True Potential assesses offers from prospective buyers September 3, 2018 Wealth management firm True Potential has appointed bankers to oversee offers from potential buyers, the company has confirmed. The Newcastle-based platform is planning a sale that could value it at almost £2bn, Sky News reported. True Potential, which was established in 2007, has hired bankers Perella Weinberg Partners to consider and advise on potential buyer interest in the business. [...]
The chart that highlights the eerie calm of the longest US bull market September 3, 2018 | City Talk Last month, the US equity market set a new record for the longest bull market (period without a 20% drop) in history. There’s not much euphoria around, but in case anyone is tempted to get carried away, allow us to offer a sobering thought… Have investors forgotten what it feels like to lose money? Equity investing [...]
Buy the company or the product? Consumers understand their favourite brands, so they should buy shares in the firm August 31, 2018 We've all been guilty of being swayed by the hype that surrounds fashionable items. The iPhone X is a perfect example of that. Unphased by the £1,000 price tag, fans pledged their money before the new phone even hit the shelves, while thousands camped outside Apple stores on the day of its release. But let’s [...]
Business expansion doubles Arrow Global’s profit August 30, 2018 European asset manager Arrow Global today revealed that profit after tax more than doubled this year, driven by business expansion. The figures Profit after tax rose by more than 100 per cent to £8.5m in the first half of this year, compared to £3.7m in the same period in 2017. In the six months to 30 June [...]
Three major growth themes August 29, 2018 | City Talk Scientific advances bring both threats and opportunities for investors. Technological progress can render some business models obsolete, but at the same time open up new avenues of growth and wealth creation. Taking a thematic approach is one way to try and profit from a changing world. This involves investing in a collection of companies in [...]
FUD & The ICO Market Right Now August 28, 2018 Last week we looked at being at strategic partnerships in ICOs. This week I want to take a bit of a snapshot of the ICO market at the time of writing. At the time of writing, the crypto currency markets are looking concerning. Those who have been investing in ICOs are putting the brakes on [...]