Absolute return funds – designed to turn a profit come what may – fell 4.9 per cent during the market carnage last month, new analysis reveals. That loss looks benign relative to the massive declines seen elsewhere, particularly among small company and equity income funds, as the coronavirus crisis demolished global markets. The standout performer … Read more
Charities face a grim future and even the threat of closure over the next couple of months if they’re not helped urgently and given funds to stay afloat, many are warning. Thousands of charities are in a difficult position and are appealing for funds from the public or face bankruptcy as fundraising events are cancelled … Read more
Next hoping to raise £100m by selling its Leicestershire HQ to boost virus lockdown funds By Daily Mail City & Finance Reporter Published: 22:05 BST, 2 April 2020 | Updated: 22:05 BST, 2 April 2020 Next is hoping to raise up to £100million from the sale of its headquarters and three warehouses as it tries … Read more
Democrats indicate they are finally ready to sign the phase three economic stimulus package Wednesday, which includes a measure that prohibits Donald Trump’s family businesses from receiving benefits from the coronavirus relief. Senators were finally able to strike a deal overnight on the $2 trillion rescue package to address the fallout from the coronavirus outbreak, … Read more
The UK economy is highly likely to fall into a recession due to coronavirus and people being told to stay at home, with some experts saying it is now ‘imminent’. Markets continue to be rocked by the ongoing coronavirus pandemic and the economic problems it is causing around the world, with both the FTSE 100 … Read more
Almost £15bn of savers’ money now stuck in property funds after a slew went into lockdown amid concerns over coronavirus By Lucy White For The Daily Mail Published: 23:02 GMT, 18 March 2020 | Updated: 23:02 GMT, 18 March 2020 Almost £15 billion of savers’ money is now stuck in property funds after a slew … Read more
Kames Capital, Janus Henderson and Aviva Investors have suspended trading on their respective open-ended property funds due to valuation uncertainty as markets continue to be rocked by the coronavirus panic. The groups join M&G which suspended its £2.3billion Property Portfolio at the end of last year due to liquidity concerns, however the most recent closures … Read more
Activists like Greta Thunberg have put climate change at the top of the agenda As Greta Thunberg puts the environment at the top of the agenda and even bakery chain Greggs sees the financial benefits of a vegan sausage roll, the investment industry is responding to changing customer demand. Imagine if we all used our … Read more
Defensive investment funds are still making money for investors despite the market turbulence By Daily Mail City & Finance Reporter Published: 22:21 GMT, 16 March 2020 | Updated: 22:21 GMT, 16 March 2020 Defensive investment funds managed by the likes of Ruffer and Brevan Howard have been making money for savers despite the market turbulence. … Read more
The havoc in the stock markets caused by the oil price war, coronavirus and the US travel ban has left one group of private investors particularly out-of-pocket and angry. These are investors in index-trackers which have been hard hit in the nerve-jangling rollercoaster of the past week. As we stand on the brink of a … Read more