Investors funnelled £3.4bn into index trackers in July, the second highest monthly inflow to trackers ever recorded, as UK investor confidence shows early signs of improvement.
Inflows into equity funds fell by over 75% from July to August, as global sell off-led market volatility knocked investors’ faith.
Tritax EuroBox (EBOX) has agreed to an all-share offer from FTSE 100 property investor and developer SEGRO, valuing the real estate investment trust at around £552m.
AllianceBernstein has expanded access to its US Value fund for the UK and European markets, giving investors access to “misunderstood” US large-cap businesses.
Succession Wealth has appointed Graham Nicoll as director of wealth.
Multi-family office Stonehage Fleming has appointed Priyanka Hindocha to head of the UK family office.
UK gilts attracted £110.7bn worth of orders during a gilt auction on Tuesday (3 September), as investors rushed to snag deals on bonds following a rally over the summer.
Clients of Fidelity’s personal investing platform diversified their investments away from technology funds and into defensive strategies in August, sparked by fears over a potential US recession.
UK retail investment platforms have celebrated reports that the Labour government is looking to scrap plans for the Great British ISA.