Hedge fund managers find positives in Brexit vote July 6, 2016 Hedge fund managers are finding positives in last month's Brexit vote, a new survey has found. Some 31 per cent of 67 surveyed by Preqin expect a positive short-term impact from the vote to Leave the EU, and nine per cent predicted a longer-term boost. Just 13 per cent of those surveyed anticipated a negative [...]
Columbia Threadneedle’s property funds become the latest to suspend trading July 6, 2016 Columbia Threadneedle has become the latest firm to suspend trading on property funds. Both the Threadneedle UK Property Authorised Investment Fund (Threadneedle PAIF) and the Threadneedle UK Property Authorised Trust suspended at 12pm on Wednesday. It follows Aviva, M&G, Henderson, Standard Life and Canada Life in suspending trading on UK property funds. Read more: Fourth property fund suspension announced [...]
Before the bell: What you need to know before the US market open July 6, 2016 Sterling and bond yields continue to slide, though gold has been labelled as the go-to investment for the rest of the year. Here's what you need to know before the US market opens at 2:30pm London time. US stock futures are not looking good ahead of the open. The S&P is down by 0.62 per cent, the Nasdaq is [...]
Canada is the world’s best-performing investment market this year July 5, 2016 Canada has been the best-performing stock market in the world this year, defying the knock-on effects of Brexit carnage to give investors double-digit returns. The MSCI Canada index has risen 15.5 per cent year to date in US dollar terms compared to just 1.6 per cent from the MSCI All Countries World index. Many global stock [...]
Before the bell: What you need to know before the US market open July 5, 2016 The Bank of England has slashed its capital requirements for UK banks, the pound is at a new 31 year low, and Australia's central bank has held interest rates unchanged at 1.75 per cent. Here's what you need to know before the US open at 2.30pm London time. US futures are pointing south after coming back from [...]
Roar: Dragon Capital brings Vietnam investment opportunity to the world – via London July 5, 2016 The London Stock Exchange today welcomes a new entrant at a time when several firms are understood to be postponing and calling off flotations after the UK’s Brexit vote. The flagship fund of investment management company Dragon Capital, Vietnam Enterprise Investments Limited (VEIL), today begins trading on the main market with a launch price of 250p. [...]
Columbia Threadneedle commits to London as asset managers plan Brexit discussions July 4, 2016 Fund manager Columbia Threadneedle has committed to keeping its European headquarters in London after Brexit. The company confirmed it has “begun the process of applying to expand the scope of our Luxembourg-based management company to enable us to establish an asset management presence in the EU”. Read more: Brexit is not proving an asset to [...]
Trading suspended on UK real estate fund after post-Brexit vote outflows July 4, 2016 Trading has been suspended on Standard Life Investments’ UK real estate fund in response to increased outflows. The suspension, which came into force at midday on Monday, is in response to “exceptional market circumstances” after the UK’s Brexit vote. Read more: Commercial real estate share prices hit as future of City looks uncertain The company [...]
Week ahead: Brexit fears set to hang over FTSE earning reports July 4, 2016 The market is bracing itself for a slew of Brexit induced profit warnings this week as we enter the early stages of reporting season. After the UK’s shock vote to leave the European Union triggered a sharp sell off, the FTSE 100 has rebounded strongly – pushed on by international earners. The blue-chip index ended [...]
Retail investors snap up shares in bumper week for trading platforms amid Brexit volatility July 1, 2016 Last week's referendum sparked waves of volatility on the financial markets, triggering interventions from the Bank of England and causing trading to be suspended on a handful of the UK's biggest companies. Banking shares were butchered. Housebuilders were demolished. But, the FTSE 100 now stands at a 10-month high after it became clear some of the big [...]