ECB approaches end of hiking cycle with 25bps rise
The European Central Bank has voted to raise interest rates by 25bps to 4% in what may be its final hike of the cycle, after inflation forecasts for the region have continued to rise.
The European Central Bank has voted to raise interest rates by 25bps to 4% in what may be its final hike of the cycle, after inflation forecasts for the region have continued to rise.
Profits have dropped at Brooks Macdonald despite a strong year of net inflows and rising funds under management, as tough market conditions and inflationary cost pressures bite.
Artemis is set to launch a new leading consumer brands global equity strategy for Swetha Ramachandran, the former manager of the GAM Luxury Brands fund.
The Hipgnosis Songs fund (SONG) has agreed the sale of 29 catalogues to Hipgnosis Songs Capital to fund a share buyback programme and reduce debt, as part of strategic proposals to narrow its hefty discount.
Quilter Cheviot has hired Samir Shah as fund research analyst in a bid to bolster its equities coverage.
BlackRock’s introduction of tiered pricing for 41 of its UK retail funds has been met with mixed reactions from analysts, due to its complicated structure.
US inflation rose steady to 3.7% in August from 3.2% in July, coming in above consensus forecasts of 3.6% as the price of gasoline spiked.
Markets are split on the outcome of the European Central Bank interest rate decision tomorrow (14 September), with a lack of forward guidance to indicate how the central bank will move.
Fears of a recession in Europe were markedly lower among fund managers in September, but more expect a further slowdown in the region, according to a survey by Bank of America.
Scopic Research regularly monitors multi-asset teams’ sentiments towards prospects for different growth, defensive, and diversifying-type assets on a 12-month view. Investment Week has joined with Scopic to share the results in a new quarterly article. Here, Paul Ilott, managing director of Scopic Research, summarises the findings for Q3.