The uncertainty stemming from the United Kingdom’s referendum on European Union membership was the main driver of a £3.5bn ($4.6bn, €4.1bn) net outflow from UK asset managers in June, according to the Investment Association.
Markets were largely flat on Friday as investors digested the news that Japan has decided not to launch the ‘helicopter money’ that some see as the answer to its economic struggles.
Investors will have to be much more nimble with decisions due to political risks ahead, but Brexit hasn’t clouded the outlook, said Daniel Murray, chief economist and head of research of EFG Asset Management’s wealth management business.
Standard Chartered Bank has revised its forecast for the renminbi following Brexit, and now expects the currency to devalue further this year.
The past 12 months haven’t been a great time for equity investors. Only US equities delivered a positive return during the period, albeit a modest one. A year ago, few European investors were betting on this asset class to do well though.
Jersey has developed a brochure to advertise the island as a destination for the formation and administration of philanthropic structures.
Market expectations are pricing in a 77% chance of a rate cut when the MPC meets on Thursday; there were similar odds on France beating Portugal in last Sunday’s Euro 2016 final.
From mid-caps to life insurance companies, wealth managers and oil giants, there are still plenty of opportunities for income earning post-Brexit, argue UK equity income managers.
With the Fed keeping rates on hold and sterling under pressure, it is a good time to look for dips in commodities and increase exposure to emerging market equities, says Trevor Greetham, head of multi-asset at Royal London Asset Management.
As Brexit fatigue tightens its grip on us all, particularly those who have been writing about it for a living, and the US gets going with its election, things have been suspiciously quiet on the China front.
Morgan Stanley Investment Management, the asset management arm of Morgan Stanley, has launched a factor-based US fund providing European investors access to its applied equity advisers team for the first time.
Despite Brexit, the chief investment officer of Deutsche Bank’s wealth division, Christian Nolting, still sees upside potential for equities in the UK and Europe.
