Most talked about Investment Week stories

Volatility returns? Wealth managers' verdict on the death of QE

investmentweek.co.uk — With the era of US quantitative easing now drawn to a close, Investment Week spoke to four wealth managers about the possible consequences - and the likelihood of the taps being turned back on. Last night the US Federal Reserve confirmed it had ended its final $15bn in monthly asset purchases, following a tapering process that began in December last year.

Federal Reserve sounds hawkish note after ending QE

investmentweek.co.uk — The US Federal Reserve has concluded the tapering of its multi-year bond buying programme and begun turning its attention to a future interest rate hike. The central bank said on Wednesday the US labour market has made "significant gains" in recent months, making the economy strong enough to withstand the full withdrawal of QE3.
Oct 30, 2014

The end of an era as Federal Reserve finally finishes QE, turns its attention to interest rates investmentweek.co.uk/investment-wee…

SocGen's Edwards: 'Cheating' reporting season hides economic malaise

investmentweek.co.uk — Investors should beware of companies playing down earnings expectations just to beat them on the day, Société Généralé's Albert Edwards has warned. According to the famously bearish strategist, 'soothing' headline earnings reports provided by 'cheating' companies in the US are misleading. Instead, he argued, earnings optimism is falling sharply away and the flash crash may signal "a deeper malaise".
Oct 30, 2014

Do companies play it down b4 earnings season to hv nice surprise on the day? Latest view of City bear Albert Edwards investmentweek.co.uk/investment-wee…

Schroder UK Growth board appoints Matthews as Dean replacement

investmentweek.co.uk — The board of the Schroder UK Growth trust has retained the fund house to run the portfolio following a beauty parade - but the portfolio's investment style will no longer follow the group's 'business cycle' process. The trust has been reviewing its investment management options over the past few weeks, in the wake of Dean's departure from Schroders.
Oct 30, 2014

Schroder UK Growth board finds replacement for star manager Julie Dean investmentweek.co.uk/investment-wee…

L&G makes deep cuts to tracker charges as price war continues

investmentweek.co.uk — L&G is to reduce ongoing charges by up to 55% on selected retail index funds in the latest sign of price pressure in the passive investment space. Effective from 1 November, L&G said reductions of up to 55% will apply to the ongoing charges figures on the 'I' unit class and on the 'clean' priced units on platforms. The cuts also apply to direct intermediary deals that meet minimum investment levels.

BlackRock to take on £480m British Assets trust from F&C

investmentweek.co.uk — BlackRock is set to replace F&C as manager of the British Assets trust after the company's board proposed a change of objective in order to target pension savers. The firm said BlackRock wants to reposition the £481m trust, which is currently run as an equity income strategy by existing F&C manager Phil Doel, as a multi-asset portfolio.

Ex-Rathbones CEO Pomfret joins Interactive Investor board

investmentweek.co.uk — Andy Pomfret, former chief executive of Rathbones, has joined the board of Interactive Investor as a non-executive director. Pomfret (pictured) was CEO of Rathbones for 10 years before retiring from the role in February this year.

Twenty-eight retail platforms join forces to form industry body

investmentweek.co.uk — The operators of twenty-eight of the UK's largest investment platforms are forming the UK Platform Group in the aim to more fully represent the industry. Members include all major UK platforms, ranging from stockbrokers and execution-only services to advisory platforms, and together represent 95% of the platform industry's total assets.
Oct 30, 2014

Fund platforms have created their own industry body. Now they have to find a table that will seat 28... investmentweek.co.uk/investment-wee…