Asset and wealth managers downgraded on volatile start to 2016

Investment bank Liberum downgrades groups

Natalie Kenway
clock • 3 min read

A host of asset and wealth managers have been downgraded by investment bank Liberum as analysts predict the groups will suffer as market volatility remains a "key feature" of 2016.

The note, put together by financials analysts Justin Bates and Daryl Smith, said in light of the market rout so far this year it has downgraded the target price on Aberdeen, Brewin Dolphin, Brooks Macdonald, Hargreaves Lansdown, Jupiter, Man Group and Schroders. However, it has not revised its 'buy' or 'hold' recommendations, with none of the groups being recommended as a 'sell'. The forecasts, target prices and recommendations are based on the FTSE 100 finishing 2016 at 6,000. Peaks and troughs: How did asset managers perform in 2015? The note said: "We have downgraded most of the...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot