Will offer bespoke and model portfolios
One of the Bank of England's Monetary Policy Committee (MPC) announcements in August was the intention to buy up to £10bn of corporate bonds over an 18-month period, writes F&C's Ian Robinson.
The moment the FTSE 100 broke through the psychological barrier of 7,000 once again last week, up 25% from its 2016 low when it closed at 5,537 on 11 February, should have been cause for celebration.
Three months on from the Brexit vote that sent shockwaves through the City, asset and wealth managers have had time to reflect on the result, which is now being seen more as another headwind for the sector, rather than a game-changer.
Barclays and Santander also sell off
Even though I admit to being something of an investment trust enthusiast, I rarely bother to peruse the manager statements for the funds I own.