Tom Bailey

Buy, Hold, Sell: why I’m buying ITV, but selling Marks & Spencer

Paul Mumford is manager of Cavendish Opportunities, a fund that launched in the late 1980s. Historically, he has tended to focus the fund on the smaller- and mid-cap end of the market. Recently, however, he has begun to pivot back to larger companies, spying potential value opportunities there. He says: “Some larger companies look so crashed-out that you can easily envisage returns if investors take a view on market changes.”

Purposeful Portfolios Long-term growth: active investment path keeps growth on the ascent

The past four months have seen our long-term growth portfolio stage a healthy recovery. At the close of January this year the portfolio fell in value by 3.8%, largely because of a sharp dip in global markets between October and December. But markets have rebounded since, and the portfolio returned a respectable 4.2% between February and the end of May.

That return lagged those from the US and other major global indices. Data from FE Analytics shows that the US market produced a return on sterling of 5.6% in those four months.

Over the past decade dividends in this part of the world have trebled

Asia-Pacific has not historically been a favourite place for income seekers to visit.

The reason why is because companies in the region are often in their growth phase, meaning reinvesting profits is often prioritised over paying dividends. However, even for mature companies, shareholder renumeration was often low on the list of company priorities.

S&P 500 hits record high: here’s three reasons why

The S&P 500, the main market index across the pond, hit a new record high on Thursday (21 June), closing at just over 2,954.

While the US market previously closed at a record high in early May, throughout the rest of the month investor sentiment slumped on fears over the escalation of the trade war with China and US president Donald Trump threatening to place tariffs on Mexico, among other things.