Why Tesco shares can be a 'winner' of an investment along with Lloyds Banking Group and Morrisons, by star investor
Alastair Mundy, who runs the £832 million Temple Bar Investment Trust, which has returned 93 per cent over the past decade, compared to 56 per cent for the average trust in the AIC UK Equity Income sector in the same time period, has asserted that Tesco and Lloyds Banking Group will be amongst the ‘winners’ in share price terms in the coming years.
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Colin McLachlan, technician at Lowest Investment Management writes exclusively for What Investment on whether premium bonds are a better investment.Colin McLachlan, technician at Lowest Investment Management writes exclusively for What Investment on whether premium bonds are a better investment.
Exclusive: The FTSE 100 stock that could 'gain 10 per cent' as a result of Brexit, by top income investor
Eric Moore, manager of the £175 million Miton Income fund, has asserted that one particular FTSE 100 stock could gain 10 per cent as a result of Brexit.
Nick Greenwood, the city veteran who invests in other investment trusts through his Miton Worldwide Opportunities fund, has revealed the two property funds he thinks can do well in a post-Brexit world.
Star fund manager Nick Train, whose £800 million Finsbury Growth and Income trust has returned 98 per cent over the past five years, compared with 52 per cent for the average fund in the AIC UK Equity Income sector in the same time period, has asserted that there are a number of stocks he is likely to buy in the coming week, despite the uncertainty caused by the EU referendum result.
Veteran small cap investor Harry Nimmo, whose £1.2 billion Standard Life UK Smaller Companies fund has revealed the one UK smaller company in which he has invested via an IPO over the past month.
Simon Gergel, manager of the £597 million Merchants Investment Trust, has asserted that Lloyds Banking shares are worth buying now due to the turnaround achieved by management in recent years.
Star fund manager Neil Woodford has asserted that, contrary to a view popular in the markets right now, Brexit will not lead to a recession in the UK, with the ‘fundamental trajectory of the economy.’
Simon Brazier, manager of the Investec UK Alpha fund has asserted that while the result of the EU referendum means that a UK recession is now a ‘significant reality’ and that ‘all stocks will be affected’, there are parts of the FTSE 100 and the wider equity markets to buy from profit.
Stephanie Flanders, the former BBC economics editor who is now chief market strategist for Europe at JP Morgan Asset Management, has asserted that while stock markets are in ‘shock’ at the result of last night’s referendum, the outcome will be increased volatility and a drop in GDP, but not an end to the global economic recovery.
Simon Edelsten, manager of the Artemis Global Select fund, which has returned 61 per cent over the past five years, compared to 37 per cent for the average fund in the IA Global sector, has asserted that the decision of UK voters to leave the EU has also weakened the investment case for the Eurozone.
Mark Carney, the Bank of England governor who had previously described the prospects of the UK leaving the EU as ‘the most significant’ near term risk to the UK economy, has moved this morning to reassure the markets about the impact.
Darius McDermott, managing director at Chelsea Financial Services, has revealed the funds he believes the funds that represent the best opportunity for investors to protect their wealth in the wake of the EU referendum result.
Star fund manager Neil Woodford has reiterated his long-held assertion that the longer-term impact of the UK’s decision to leave the EU will not be as bad for the economy as the sharp movements in stock prices this morning implies.
The UK will 'quickly enter a period of recession' following Brexit vote, says manager of £2 billion fund
Richard Buxton, manager of the £2 billion Old Mutual UK Alpha fund has asserted that the UK will quickly enter recession following the decision of the country to vote in favour of the country leaving the EU yesterday.
In some respects, banks and financial traders have become all too accustomed to tales of economic plight and warnings of impending doom. This was best reflected by the American financial crisis in December 2012, when a combination of expiring tax-cuts and widespread government funding restrictions threatened to send the U.S over the edge of the so-called ‘fiscal cliff’. Rather than react with flight, many investors held their nerve despite the risk of the economy being plunged into a huge recession.
In the last few months, Brexit has sent shockwaves across the financial markets. Although one might imagine that its impact would be limited to British assets alone, this has not been the case, and traders from across the world have already begun to apprehend the fallout if leave campaigners should win the day.