Though couched in regulatorspeak, the Financial Conduct Authority’s (FCA’s) verdict was damning. ‘It is important the asset management industry, which looks after the savings of millions of investors, is working as well as possible,’ said executive director Christopher Woolard in May, as he unveiled the final results of the FCA’s two-and-a- half year investigation into asset managers and the open-ended funds they run.
Even the staunchest allies of the UK’s asset management industry must concede this is a business where the professionals too often get rich even when their clients get poorer. This, after all, is the complaint that has driven the astonishing growth of passive fund management in recent years, as many investors have simply got fed up of paying through the nose for active funds that don’t deliver.
Chances are that most investors are not familiar with Reed Smoot or Willis Hawley. But you may soon be hearing a great deal more about this pair of obscure US lawmakers who sponsored the US Tariff Act of 1930. Almost 90 years after their legislation triggered a global trade war widely blamed for plunging the world economy into the Great Depression, president Donald Trump’s US administration stands accused of posing a similar threat, much to the chagrin of financial markets.
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Mifid II regulations on financial instruments are supposed to benefit private investors – but will they in practice?
Whether you are cautious or bullish on market prospects, investment trusts are an increasingly popular choice.
Despite upbeat forecasts for most of the world, major uncertainties abound.We assess the outlook for global markets.
Brexit has brought a lot of doubt into the mix for Britons seeking to buy property in Europe, but it’s not all bad news.
In a ‘lower-for-longer’ interest rate environment, it is wise to include some low-yielding growth funds to complement an income stream.
As the countdown for the UK leaving the EU ticks away, here are the five key issues UK companies will be keeping their eye on.