Citywealth - Banking/Investments Articles
14 Jul 2010
Beware: The Currency Tide May Be Turning
Chris Brown, Co-Chief Investment Officer, IPS Capital says "How are your Japanese investments performing this year? Well, Japan’s Topix market is down around 7% year to date so probably not too great. But, assuming you are not a yen investor, did you remember to hedge out the currency risk? If not, the answer is very different. Dollar investors have lost only 2.5% so far this year. Sterling investors are actually up 5.5%. The smartest looking of all, though, are Euro investors who saw the opportunity that Japan presents and are sitting on a gain of over 14% for the year." Read more...
14 Jun 2010
Investment commentary from Bob Doll, Vice-Chairman and Chief Equity Strategist for Fundamental Equities at BlackRock
Over the next year, we expect economic growth will slow somewhat as stimulus is removed, but we are targeting real GDP advances of around 2% to 3%, thanks to continued low interest rates, improving employment, lean inventory levels and solid corporate profits. Read more...
05 Apr 2010
Iain Little will be the first Managing Director of Butterfield Bank’s Swiss based asset management company
Iain Little will be the first Managing Director of Butterfield Bank’s Swiss based asset management company. He is the former head of Geneva-based Pictet & Cie’s UK private clients business. Read more...
08 Mar 2010
IPS Capital: A run on the pound
Our other profitable move for February was to increase our US Dollar exposure for our Sterling based clients. Fears of a hung parliament, confirmation from the Bank of England that further quantitative easing remains possible and technical factors (most notably Prudential’s bid for AIG assets) conspired to generate a run on the pound. For a variety of reasons we do not think the UK is in as much trouble as Greece. While we think Sterling weakness could be around for a while (perhaps until the uncertainty of the election result is behind us) we will be looking to take our profits on this position and move back to being broad Sterling neutral. Read more...
06 Mar 2010
Paul Patterson, Head of RBC Wealth Management, British Isles
Patterson, who has been with RBC for twenty five years started in the domestic Canadian wealth management business. He moved offshore in 1996 to the Bahamas, and essentially ran a Bahamas trust company then ran the Caribbean and Americas region before moving to the Channel Islands in 2004. “When I moved to Jersey, RBC Wealth Management employed eight hundred people on the Island. Since then we’ve doubled the business to fifteen hundred people,” says Patterson. Read more...
10 Feb 2010
Liontrust appoints Head of Retail
Ions has been Chief Executive of Tactica Fund Management since it was established in 2005. Tactica distributes onshore and offshore multi-asset class funds that are managed by Goldman Sachs International.Previously, Ions was Joint Managing Director of SG Asset Management and Chief Executive of Societe Generale Unit Trusts Limited, having been a co-founder of the business in 1998. Ions was also formerly Head of Distribution at Aberdeen Asset Management. Read more...
10 Feb 2010
The power of the pink dollar. LGBT (Lesbian, gay, bisexual, and transgender) fund launches
Galileo Capital Management have launched LGBT Capital, a specialist Corporate Advisory and Investment Management Unit focused on the LGBT (lesbian, gay, bisexual, and transgender) consumer market. Read more...
10 Feb 2010
“As goes January goes the year”
“As goes January goes the year”, according to market folklore. If the last six weeks are a leading indicator for the year as a whole, we could be in for a bumpy ride. Read more...
09 Feb 2010
Comments from Investment Managers of the Pictet Thematic Funds
After a tough year for farmers in 2009 due to the fall in crop prices, 2010 appears far more promising for the entire sector. Farm spending was reduced in 2009 owing to lower crop prices and low credit availability, but we expect both to improve in 2010, driving fertilisers, crop protection and farm equipment spending. We expect fertiliser application rates to improve in 2010 compared with a very slow 2009. With bumper crops in most important farm areas in the northern hemisphere and potash application cut by half in 2009, soil nutrient levels have been drained. Land prices have held steady in most regions during the recession, and with most soft commodities pointing towards higher prices in the future, the outlook for farmland also remains positive. Read more...
09 Feb 2010
Chinese go crazy for luxury brands
Comment from Scilla Huang Sun, fund manager, Julius Baer Luxury Brands Fund Read more...
