The summer felt quite volatile, with lots of headlines about trade agreements, elections and the like, as well as some big price moves in Turkey, Argentina, and Italy.
One of the major market trends so far this year has been the outperformance of the US equity market relative to most other global regions. But with some identifying US moves as ‘the longest bull market in history’ and a prevailing sense that the US economy is… Read the article
A major study released last month found that non-retired UK investors are saving a higher proportion of their income for retirement than many parts of Europe. Before we start celebrating, there are two important points to consider.
First, estimates are that the UK still… Read the article
Last week saw the manifestation of these challenges. The Turkish Lira decline on Friday was among the largest one-day currency moves… Read the article
Today, the US imposed tariffs on $34 billion of Chinese imports, marking what some see as the official start of Donald Trump’s ‘trade war.’ The trade war story has come to dominate market commentary as the second quarter has progressed, deflecting attention from the… Read the article
A story in the UK press this week suggested that the UK distributer of Panini football stickers (Connect Group Plc) has delivered only half the profits from the stickers that it had expected after a ‘major drop off in demand.’ The share price duly responded:Read the article
Remember the ‘fragile five’? These were five emerging market currencies that were deemed to be most at risk of US policy tightening during the ‘taper tantrum’ of 2013. The main concerns for these economies centred on their vulnerability to foreign capital outflows.
Recently we’ve seen a re-emergence… Read the article
Volatility returned in February, but not the kind of volatility we have been used to for much of the period since the financial crisis.
Instead of being about growth fears, the catalyst for the equity market drawdowns in early February was pressure on valuations caused by rising… Read the article
It is always worrying to hear investors ask how managers performed over very short time horizons. It seems very unlikely that a couple of weeks’ performance can tell you much about a fund manager’s skill as opposed to luck.
But short time frames might be able to… Read the article
After performance weakness in the immediate aftermath of the Brexit referendum, UK property delivered a strong return in 2017. In the first of two guest posts looking at the property environment in different parts of the world, Tony Brown, CIO of M&G Real Estate, discusses where this leaves us in… Read the article