This week has seen global markets post a couple of notable daily rises, but this does not herald the end of the bear market, according to veteran investor John Chatfeild-Roberts.
Proposals to ban financial advisers from getting paid only when a client moves a final salary pension pot (a practice known as contingency charging) have been delayed by up to six months.
Investors searching for investment trusts that offer the prospect of consistent dividend growth – an even more attractive trait in the current uncertain environment for markets – can choose from a 25-strong list put together by the Association of Investment Companies (AIC).
The AIC's ‘Next Generation of Dividend Heroes’ list comprises trusts that have increased their dividends each year for 10 years or more, with an upper limit of 20 years. The trade body has also recently refreshed its list of investment trusts with records of dividend increases that span 20 years and more.
Star fund manager Rosemary Banyard has joined Downing Fund Managers to manage a new UK equity fund, which has been launched.
The Financial Conduct Authority (FCA) has proposed two measures to address the liquidity problems faced by open-ended funds that hold illiquid investments: the introduction of swing pricing, or notice periods.
The potential solutions surfaced in a speech given last week by Edwin Schooling Latter, director of markets and wholesale policy at the FCA, to members of the Investment Association.
Since becoming a financial journalist a decade ago, this is the first full-blown market crash I have witnessed; but in a period that’s been described by various commentators “as the most unloved longest bull market in history” I’ve been witness to plenty of bumps along the road.
Except for the US dollar, which has hit its highest level against the British pound since the 1980s, there’s been almost nowhere for investors to hide over the past month.
Investment trust discounts have slumped across the board over the past month’s coronavirus sell-off, and commercial property trusts have been among the hardest hit.
A month ago (20 February), the average commercial property trust discount stood at 3.2%, according to Winterflood, an investment trust broker.
Investment trust dividend heroes can ride out another market storm: 21 trusts that have raised payouts for at least two decades
One of the main advantages in an investment trust or investment company's armoury compared with open-ended funds is its ability to hold dividend reserves. This benefit is once again set to benefit income investors following the steep market falls in recent weeks.
Both the Janus Henderson UK Property fund (which holds £2 billion of assets) and Kames Property Income fund (£585 million) have barred investors from accessing their money by putting suspensions in place.
The suspensions stem from uncertainty over the valuation of UK commercial property, in light of the steep stock market falls in recent weeks following the intensification of the coronavirus outbreak.