With Theresa May formally triggering the start of the process that will take the UK out of the European Union, UK equity sentiment hit another record low. Return expectations for US equities also fell into negative territory.
The US Securities and Exchange Commission (SEC) implemented an emergency asset freeze and temporary restraining order against an investment adviser and his financial management company accused of scamming elderly investors out of millions.
BlackRock and Vanguard have called on US officials to delay the introduction of landmark rules forcing financial advisers to act in the best interests of their clients, raising concerns the new regulations will confuse investors and add unnecessary costs to the financial service industry.
Europe is “cheap for a reason” according to Rathbones’ David Coombs, who said the recent turnaround in markets on the continent could be a false dawn for investors.
Equity funds suffered their first annual weekly outflows from US investors since the election of Donald Trump, according to Lipper fund flows data.
Although European stocks have gotten caught in the cross-hairs of Wednesday’s Trump trade downturn, with the earnings recovery underway, it would be a mistake for investors to discount them.
Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m (£12.1m, €13.9m) US Ponzi scheme that invested in Brazilian and African gold mines.
US inflation-linked bond ETFs saw record inflows in February, according to Lipper data. European investors are taking advantage of break-even inflation rates that are lower than they probably should be.
The third 0.25% interest rate hike of this upcycle from the US Federal Reserve begs five questions, all of which have implications for the US, the globe and portfolios.
Despite expectations of rising US interest rates, Capital Group intends to launch a bond strategy in Asia that targets investment grade US corporates.
The expensive valuations of US equities have made Luca Paolini, Pictet Asset Management’s London-based chief strategist, urge investors to be very cautious.
The US Labor Department has proposed a 60-day delay for the start of the fiduciary rule, which requires financial advisers to act in the best interests of their clients, in a move signalling a possible derailment of the controversial reforms.
