Tobacco only positive as markets fall further

Professional Adviser
clock

European equities continue to fall, with only the tobacco index returning positive results for the y...

European equities continue to fall, with only the tobacco index returning positive results for the year to the end of September. The Bloomberg European 500 index is down 23.03% for the year to 28 September, while the tobacco index is up 18.33%, both in euro terms. At the individual stock level however, retailers Marks and Spencers seem to be faring well, with the top-performing stock over the year rising more than 60%. Charles Nicols, economist with Schroder SalomonSmithBarney, says that in the current climate, non-food retailers are likely to continue to outperform much of the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •