Tom Bailey

General Election 2019: UK credit rating at risk of downgrade

The UK’s credit rating may be downgraded, Moody’s has warned, owing in part to spending pledges made by all of the major parties ahead of the general election on 12 December.

The credit rating agency has said it is considering revising downward its rating of UK credit, citing fears of Brexit and increased government spending.  

Investors dump equity funds at record rates

Investor money out of equity funds hit a record level in September, according to the latest data from the Investment Association.

The trade body’s latest statistics showed that equity funds saw outflows (investor withdrawals) totalling £1.7 billion in September, marking the fourth consecutive month of outflows.

Investors should brace for slew of UK company profit warnings

Investors should brace themselves for a series of profit warnings from UK listed stocks, Smith & Williamson Investment Management’s Mark Swain has warned.

According to Swain, a worsening global macro-economic environment is currently unfavourable to UK businesses, and its impact could soon start to be seen in UK stock prices. 

Report finds some ethical funds are ‘misleading’ investors

Over the past couple of years, asset management firms have launched a plethora of new funds, both passive and active, that promise to offer to invest in an ethical manner. Such funds come under a variety of names and labels, with the most popular being Environmental, Social and Governance (ESG) or Socially Responsible Investing (SRI).

Top 10 most popular investment trusts – October 2019

Scottish Mortgage has once again come through as the most-bought investment trust among UK investors, according to the latest data from interactive investor (Money Observer’s parent company).

The global, technology-focused investment trust has seen something of a slip in performance lately, with the share price down 10% since the start of August.

US market hitting new highs – how long can it last?

In a world supposed to be heading for recession, or at least slower growth, the US market has enjoyed an outstanding week, with the US market topping its all-time high record twice.

On Monday, the S&P 500 closed at 3,039. That new record, however, was soon surpassed again on Wednesday (30 October), when the market closed at 3,046.8.

Savers on track for only a ‘minimum’ level of retirement income

Despite the rolling out of auto-enrolment, many UK savers are still at risk of heading into retirement with less money to live on than expected, according to figures released by the Institute and Faculty of Actuaries (IFoA).

In their new report ‘Savings Goals For Retirement’, the IFoA modelled the amount a worker would need to save each month throughout their career, in order to retire with an income defined as “minimum”, “moderate” or “comfortable”.

Lindsell Train UK Equity sees investors head for the exit

Lindsell Train UK Equity saw its largest ever withdrawals in September, according to new data released by Morningstar.

Over the course of the month, the fund, managed by Nick Train, saw net withdrawals totalling £374 million.

Figures for the year are, though, in positive territory, with net inflows standing at £193 million.