News

Henderson chief economist Simon Ward believes there is more than a 50% chance of a hike in interest rates by the end of the year, as the MPC looks to curb rising inflationary pressures.

Henderson chief economist Simon Ward believes there is more than a 50% chance of a hike in interest rates by the end of the year, as the MPC looks to curb rising inflationary pressures.

Environmental investment specialist Foresight is hoping to raise £40m for the launch of its new Solar VCT.

Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.

Performance data for the IMA's newly combined UK Equity Income sector shows over the long term many of the funds that were put into the UK Equity Income & Growth sector have managed to outperform the peer group.

Cazenove's head of multi-manager Marcus Brookes has increased the cash weighting in his £467m Multi-Manager Diversity fund of funds, and bolstered its exposure to managers uncorrelated to mainstream markets.

HSBC has launched its GIF European Alpha Equity fund with its largest short exposure to the materials sector, including miners, which the manager thinks are overvalued.

Schroders' multi-asset managers have begun cautiously returning to European equities, using assets taken from the US.

Jeremy Gleeson is tilting Axa Framlington's Global Techfund towards the mid- and small-cap arena where he is seeing a wider range of growth opportunities.

The FTSE has plunged into the red as concerns over US economic growth and mixed results from big corporates drove Wall Street into negative territory at the start of trading.