The Chinese market has got off to a roaring start this year. As the chart below shows, the Shenzen Composite index has a year-to-date return of 33.6%, making it the best performing index in the world. Meanwhile, the second most successful index is its rival, the Shanghai Composite, up 24.1% this year.
Working as a fund manager is precarious. The average tenure of a fund manager at the helm of one particular fund is just five years. Meanwhile, the median total career tenure for fund managers, taking into account job changes, is a mere seven years.
Investors using Isas are much more likely to hold individual shares than those using a Sipp, according to data from interactive investor (Money Observer’s parent company).
Figures revealed by the online broker show that as at February 2018, 47% of assets in Isas were in equities, compared to just 23% for Sipp investors.
It is no secret that UK companies are currently trading at historically cheap levels. Indeed, as one fund manager has pointed out, the last time UK listed shares were as cheap as they are now (measured in comparison to bonds), Britain was fighting in the First World War.
Investment trusts remain almost as popular as ever among financial advisers, according to new research from the Association of Investment Companies (AIC). The trade body’s latest figures show that purchases by advisers reached a record £985 million in 2018, almost five times what they were in 2012.
Sarasin Responsible Global Equity is unusual in having a prescribed ‘buylist’ from which the manager can choose. The list of 120 equities is constructed by a team of 15 analysts at Sarasin & Partners, the fund’s managing company, headed by Jerry Thomas, co-manager of Sarasin Responsible Global Equity as well as a number of the company’s other funds.
The bull market over the past decade has been dominated by consumer tech stocks. Facebook captured the surge in use in social media that followed the mass adoption of smart phones, while Amazon pioneered e-commerce and changed the way we shop. Meanwhile, Netflix revolutionised online content streaming. Consumers were key for the tech boom.
Over a third of do-it-yourself (DIY) investors favour a no-deal Brexit, according to a poll conducted by The Share Centre.
In the survey of 3,000 investors, a total of 37% said their preferred resolution to Brexit would be leaving with a deal.
Last week, Parliament ruled out both Theresa May’s Withdrawal Agreement and a no-deal Brexit.
The Financial Conduct Authority (FCA) has moved a step closer to banning exit fees for investment platforms.
With less than three weeks until the UK is scheduled to leave the European Union, the second defeat of Theresa May’s deal is likely to further unnerve investors. MPs are now expected to decide on whether the UK should leave without a deal or attempt to extend Article 50.