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Fidelity’s Wright: How I recovered from the worst quarter of my career

In the immediate aftermath of the Brexit vote, Citywire A-rated Alex Wright had some of the worst performing months of his 16-year career. However, the £2.6 billion Fidelity Special Situations fund he manages has since made an emphatic return to form, netting investors 16.4% over the last 12-months, compared to 12.4% returned by the average manager in the sector. ‘Brexit ...

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Neptune’s Geffen takes aim at Woodford and fellow income managers

Neptune’s Robin Geffen has lambasted UK equity income managers who rely on dividends from a handful of companies and warns half the funds in the IA UK Equity Income sector will be “kicked out” as yield generation plummets following changes to sector rules. In April the Investment Association lowered the yield requirements for funds in the UK Equity Income sector ...

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EU Services e-card – a game-changer in more ways than one

By the middle of next year new European Union legislation is likely to be in place that will create a new means of accreditation for European providers of services in business, commerce and construction within the EU. This will be the European Services e-card, and it is designed to boost the internal EU economy by providing service providers with a ...

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Don Cunningham column: Lehigh Valley is a suburb of nowhere

In case this is the first time your eyes have stumbled upon this space, I’m from the Lehigh Valley, back before we called it the Lehigh Valley, so I guess I should say I’m from Bethlehem. When I grew up in the ’60s and ’70s, people from Bethlehem thought Allentown was the “City,” not Philadelphia or New York. Allentonians got ...

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Tokyo shares end lower ahead of key releases – Business Recorder (press release) (registration) (blog)

Tokyo shares end lower ahead of key releasesBusiness Recorder (press release) (registration) (blog)TOKYO: Tokyo shares closed slightly lower Wednesday, with traders on the sidelines ahead of key events including the unveiling of Donald Trump’s tax reforms and the release of Japanese economic data later in the week. The bellwether Nikkei 225 index … and more »

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UAE is 17th most competitive economy globally

Dubai: The UAE inched down one spot in terms of its national competitiveness, coming in as the 17th most competitive economy among 137 countries. According to the Global Competitiveness Report for 2017 issued by the World Economic Forum (WEF), the UAE continued to lead the Arab world in terms of competitiveness, but it lost one place as “other countries post ...

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Is it Time to Dump Woodford?

Investing personalities are often subjected to the age-old question: Is it skill or is it luck? From Warren Buffett to Neil Woodford, periods of underperformance often coincide with bad luck and harsh criticism regarding the alpha they can provide. In this regard, investing in valuation-driven, high conviction managers becomes more complex than it needs to be, as many investors pull ...

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August economic data shows how China is past its peak in the short-term growth cycle

China’s August activity data indicates a further easing of momentum, which corroborates our view that the short-term growth cycle has passed its peak in the second quarter. Similar to July, growth deceleration was fairly broad-based across domestic and external sectors. Even though one-off factors have contributed to the weakness, collective signals from July and August data do point to a ...

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