A no-deal Brexit combined with an increase in government spending could see national debt climb to highs not seen since the 1960s, according to the Institute of Fiscal Studies (IFS).
Star fund manager Alexander Darwall will be bringing his European investment trust with him to his new investment company, Devon Equity Management.
The trust’s board announced that it will end its contract with its current fund management company Jupiter in November.
The third quarter of 2019 was full of the sort of risk events to which markets react badly. Brexit somehow became more complicated, the trade war escalated and appeared to be spilling into a currency war, and an attack on Saudi Arabian oil facilities knocked out 5% of global supply.
Scottish Mortgage has once again topped the list of the most bought investment trusts, according to the latest data from interactive investor (Money Observer’s parent company).
The global, technology-focused investment trust has seen a significant slip in performance lately, with the share price down 11% since the start of August.
Four months after the suspension of the Woodford Equity Income, the Financial Conduct Authority has released its new policy paper on illiquid assets and open-ended funds, detailing several proposals.
The half-yearly results for Woodford Patient Capital Trust show losses of 26% in the first six months of the year, in what the chairman of the trust’s board called “the most challenging period for the company since it floated in 2015”.
On Friday, reports emerged that the White House was considering ways to limit US investment into the Chinese stockmarket. How this would be achieved is unclear. After the news broke, there was speculation that this could include limiting the amount pension funds can invest in the mainland China market.
Publicly listed companies have a limited lifespan. Eventually, they fall victim to competition, are taken over or see their business model become obsolete as a consequence of some technological or regulatory development, or simply changing fashion. Similarly, certain sectors come to dominate for a while before fading, and new technologies and trends lead to the rise and fall of particular industries over time.
In more bad news for fund manager Neil Woodford, his investment trust, Woodford Patient Capital, has been forced to write down the value of three more of its unlisted holdings.
According to a filing with the London Stock Exchange, the board of Woodford Patient Capital announced that it had been ordered by Link Fund Solutions to reduce the valuation of three unlisted companies.