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2 weeks ago | 
citywire.com | James Phillipps |Natalia Vasnier |Sophie Downes |Richard Buxton
Managed portfolio service (MPS) providers are waiting to see how trade policies develop before reacting to Donald Trump’s tariffs.
China’s decision to impose 34% reciprocal tariffs on Friday intensified a global equity sell-off that has seen markets fall.
When asked by Citywire about their positioning against this backdrop, MPS managers said they were sticking with the calls that they made towards the end of 2024.
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2 weeks ago | 
citywire.com | Himanshu Singh |Michelle McGagh |Richard Buxton
Our daily roundup of analyst and fund manager commentary on shares. Twitter Facebook Linkedin WhatsApp >print Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | Richard Buxton |Himanshu Singh |Sophie Downes |Dylan Lobo
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2 weeks ago | 
citywire.com | Richard Buxton |Sophie Downes |Dylan Lobo |Natalia Vasnier
PE-backed Hurst Point has merged its Argentis and Hawksmoor management teams in a restructure of the business.
The move follows the appointment of Andrew Westenberger as CEO of the Carlyle-backed wealth firm earlier this year.
On his appointment, Westenberger initiated a review of the business, which comprised planning arm Argentis and investment business Hawksmoor. Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | Richard Buxton |Algy Hall |Dylan Lobo |Sophie Downes
A new month means new entrants to the Global Elite Companies index, which tracks about 80 of the very best ideas from Citywire’s database of 6,000 stocks backed by the world’s best portfolio managers.
The new index entrants are stocks that have grown in popularity relative to peers with the top-performing managers whose holdings Citywire Elite Companies tracks to rank among their very top picks.
But as some stocks take a place in the index, others leave. Already have an account?
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2 weeks ago | 
citywire.com | Dylan Lobo |Richard Buxton |Sophie Downes |Natalia Vasnier
In each of the last two years Wall Street delivered returns of over 20%. Moving into this year and Trump 2.0 it wasn’t a difficult prediction to suggest that things might become a little more volatile.
And so it is proving.
Markets may have felt that the president is so unpredictable that for all his bluster there was little point in taking his statements of intent too literally. I mean Greenland…really?
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1 month ago | 
citywire.com | Justin Adam Brown |RUAN JOOSTE |Richard Buxton
South African financial services group RealFin has expanded its investment offerings with the launch of its first actively managed exchange traded fund (AMETF), the RealFin Fixed Income AMETF, on the Johannesburg Stock Exchange (JSE) on Tuesday.
Trading under the share code RFFI, the ETF is designed to provide investors with exposure to a diversified portfolio of fixed income instruments while maintaining capital stability, according to a press release by the JSE.
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1 month ago | 
citywire.com | RUAN JOOSTE |Jaco Visser |Eleanor Becker |Richard Buxton
Global markets are spooked by the US administration’s haphazardness when it comes to economic policy. The S&P 500 index is down almost 7.5% over the past month, whereas the MSCI World index is down a more muted 5.1% over the same period.
The US bull market, lifted by so-called US exceptionalism, would have come to an end sooner or later.
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1 month ago | 
citywire.com | Nour Azhar |Zachariah Sharif |Richard Buxton |Joseph Eden
The FCA has emphasised that its sustainability rules do not prevent investment in the defence industry.
In an online notice, it said that sustainability disclosure requirements (SDR) aim to ‘prevent firms making unsubstantiated claims about the sustainability of their investments’.
‘[SDR] does not prescribe which activities or investments are sustainable, nor does it prevent investments in certain sectors, including defence,’ it said. Already have an account?
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1 month ago | 
citywire.com | Joe Stonor |Ian Wenik |Victoria Bell |Richard Buxton
From Citywire USA: Blackstone, the world’s largest private equity firm, is considering making its first investment in the independent wealth management industry through its $37bn Tactical Opportunities division, according to sources with knowledge of the situation.
Sources told Citywire that Blackstone has reached out to the RIA investment banking community to gather more information about the space, which has seen a surge in private equity investment over the last five-plus years.
