The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June. Citigroup has called the referendum “the single biggest risk to the European landscape this year,” bigger than the United Kingdom’s leave vote. Renzi leaving, which he
House prices could drop by 5% over the coming year due to uncertainty around the EU referendum, said Trevor Greetham, head of multi-asset at Royal London Asset Management. “RLAM suspects the upcoming EU referendum is having a large negative impact on sentiment here and elsewhere too, as the economic uncertainty deters would-be-buyers.” Read entire article
The latest official UK GDP figures showed 0.4% growth in the first quarter of 2016 in line with forecasts, and down from 0.6% the previous quarter. The slowdown in the UK economy for the first three months of 2016 period is in line with expert expectations, and means the year-on-year rate of progress remain at 2.1%.
The traditional way of composing strategic asset allocation has changed, according to Keith Swabey, senior product specialist of multi-asset at HSBC Asset Management. With the crashes of 2008, 2011 and 2013 in mind, this could be named the “decade of intermittent crashes,” according to Swabey. “After the 2008-2009 crisis the ability to make asset allocation
The demand for UK small-cap investment trusts has increased markedly since May, amid slow growth and short term volatility in global markets, suggests data from QuotedData. The discount to NAV offered on UK Smaller companies’ trusts moved from around 14% to 5% during the year, according to research from QuotedData. This, said the investment trust
