With a global fund, the world is your oyster April 20, 2010 TRADITIONALLY, British institutional investors have been interested mostly in regional funds, leveraging local knowledge to bring returns. But there are signs that global funds – which cover all sectors and regions – are growing in popularity. Data from Lipper, the fund management research firm, shows that 16 and 20 global equity funds available to UK [...]
SALISBURY LIVES ON IN BRITAIN PLC April 20, 2010 DICK TURPIN MANAGING DIRECTOR, ARTEMIS WHOEVER wins the election, one thing is clear. The UK economy is in dire straits. Amid the abundance of analysis, the billions here and there, one simple statistic makes sense to me. The UK government is spending £4 for every £3 of revenue. And as even Errol Flynn discovered, reconciling [...]
FUND MANAGEMENT NEWS April 20, 2010 MORNINGSTAR RATES NEW FUNDS Fund information company Morningstar has just assigned ratings to four funds available for sale in the UK. GLG’s Japan CoreAlpha Equity fund receives an elite rating thanks to the experience of fund managers Stephen Harker and Neil Edwards who are “talented stock pickers who have put their long experience to excellent [...]
Sterling will not suffer further in hung parliament April 20, 2010 CLEGGMANIA appears to have grabbed Britain – or at least its front pages – in the wake of last week’s first televised debate. Polls yesterday put Nick Clegg’s Liberal Democrats just two points behind the Conservatives and four points ahead of Labour. The prospect of a hung parliament is becoming a real possibility, even if [...]
Swedes should act to weaken krona April 20, 2010 AFTER rushing to cut interest rates at the peak of the financial crisis, the next challenge for central bankers is when to start the tightening cycle. The National Bank of Australia has already taken the plunge and hiked rates twice this year, while last month Sweden’s central bank signalled it would raise interest rates in [...]
JOBLESS DATA TO INDICATE US PROSPECTS April 20, 2010 BORIS SCHLOSSBERG DIRECTOR OF CURRENCY RESEARCH, GFT LAST Friday’s surprise announcement by the SEC that it will be pursuing fraud charges against Goldman Sachs rocked capital markets across the world. With news that other European governments are now considering litigation, the Goldman Sachs saga could drag on for weeks and cast a negative pall on [...]
THE TIPSTER April 20, 2010 ASIAN currencies continue to attract investors. With risk appetite picking up, the appeal of high-yielding currencies has increased. Earlier this week the central bank of India raised its benchmark interest rate for the second time in a month. The technical outlook for sterling-Indian rupee is weak. The next target on the downside is the 2009 [...]
Tech stocks the apple of every trader’s eye April 19, 2010 AS THE recovery gathers momentum, business spending on technology is creeping back. In the leaner, greener post-recession world, enhancing productivity through more efficient technology is one way that firms are able to keep costs down. Now that firms are more confident about their business prospects they can start to make investment decisions – analysts are [...]
MARKET RISE DERAILED BY GOLDMAN April 19, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT LAST week saw the Dow Jones Industrial Average recapture 11,000 while the S&P 500 broke back above 1,200. These are levels last seen back in September 2008. At the beginning of last week, the major US stock indices were heading higher and both the Dow and S&P were within [...]
Supermarket boom will continue April 19, 2010 WHILE retailers on the high-street have been struggling with adverse weather conditions and consumers cutting back on spending during a downturn, their supermarket counterparts have been going from strength to strength. Giant grocer Tesco has seen its share price rise 10 per cent over the past six months and today’s full-year results are expected to [...]