Tom Bailey

Buy, Hold, Sell: British Empire on the hunt for value buys

We are a ‘global-focused, long-only equity trust, focusing on companies trading below their net asset value,’ says Joe Bauernfreund, manager of British Empire Trust. While the trust sits in the Association of Investment Companies global sector, it is underweight North American equities, which comprise 22 per cent of its holdings. Other global funds have 50 per cent in the US.

Sector Watch: Investors are piling into tech shares and funds

Despite regulatory concerns, the US tech sector has seen some of the strongest performance in the month of May.

According to data from FE Trustnet, among Investment Association fund sectors, Technology and Communications posted the second-best performance in May, with the sector returning investors 7.84 per cent.

Has the emerging market rally fizzled out?

Emerging markets have come under heavy selling pressure since the start of May. Sparked by a strong US dollar, international investors have been rotating out of emerging market equities, bonds and currencies. 

Certain countries have suffered more than others. Argentina and Turkey saw their currencies hit the hardest, prompting the former to raise interest rates to 40 per cent to try and stem the tide.