Naming a fund after a famous investor comes with its own unique set of risks. What if that individual finds themselves the subject of a scandal or their investment approach suddenly falls out of favour? The CFP SDL UK Buffettology fund was named after, you guessed it, Warren Buffett and is run according to his investment principles. Yet the ‘Sage of Omaha’ has nothing to do with the fund.
It has been a decade since US investment bank Lehman Brothers collapsed and UK banks plunged into freefall as the financial system was pushed to breaking point. The intervening years have seen banks sell off assets, write off debts and offload entire parts of their business. Huge fines and compensation bills have been paid and there has been a steady stream of scandals and blunders.
Just one in 12 homeowners aged 65 or over would consider moving if stamp duty was cut or abolished.
Reducing stamp duty tax for so-called last-time buyers has been suggested as a way to encourage older homeowners to downsize, freeing up valuable housing stock for younger families.
A rising interest rate environment is a difficult one for income investments. The reason for that is quite simple: as rates rise, the dividend or coupon these investments pay tends to look less attractive, so some investors ditch their holdings and the capital value falls.
Interactive investor has indicated it may permanently scrap exit fees for customers moving their money elsewhere.
The fund supermarket, sister publication of Money Observer, temporarily removed exit fees in December 2017 as it prepared to merge with TD Direct. But the group is yet to reinstate the charges.
Investors seeking financial advice may find the recommendations they receive vary depending on where they live.
Financial advisers in the south of the country have a greater risk appetite, according to a survey by Aegon.
Some 28 per cent of advisers in the south think cash is the worst place to keep your money over the coming 12 months, compared with 14 per cent of those in the more nervous north.
Professional investors are backing ‘cheap’ emerging markets after a sustained sell-off. While the US stock market has hit a string of new record highs in 2018, the impact of trade wars and economic strife has left emerging markets lagging.
The average global emerging markets equity fund is down 5.4 per cent over the past year, and global emerging markets bond funds are down an average 6.4 per cent.
Sustainable and ethical investment providers have long battled the assumption that performance is compromised when environmental, social and governance (ESG) factors are considered.
But perhaps ESG funds have finally proved their mettle. Just a quarter of UK investors believe that taking a sustainable approach to investing would hinder their returns.
The Octopus Titan VCT has announced plans to raise up to £200 million in the current tax year.
The Titan offer follows hot on the heels of fundraising rounds by peers including Seneca, Pembroke, Foresight, Amati, Puma and Octopus Aim VCTs, making seven offers currently open to investors, with the VCTs seeking to raise a total of £385 million between them.
Pensioners in the North East are the best-off in the country, according to analysis from Hargreaves Lansdown.
The fund supermarket has looked at data from the Office for National Statistics and the Department for Work and Pensions to determine how the state of retirees’ finances varies up and down the country.