Markets

Investors should capitalise on the best stock-picking conditions in ‘quite some time’ and buy on any election-related weakness, says an adviser at the world’s largest wealth manager

Investors should capitalise on the best stock-picking conditions in “quite some time” and buy on any election-related weakness, according to UBS’s Frank Panayotou. The financial adviser said on Monday that stocks in healthcare, industrials, consumer discretionary, and global markets look attractive to him right now. Markets will continue to be […]
Investors should capitalise on the best stock-picking conditions in ‘quite some time’ and buy on any election-related weakness, says an adviser at the world’s largest wealth manager
Markets

‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla

Will Danoff, manager of the $US230 billion Fidelity Contrafund, told Bloomberg that there’s a “demographic issue” for mutual funds: Gen Z is not very interested in owning them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said. Danoff also lamented selling a large […]
‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla
Markets

Best-selling author James Rickards explains how ‘parasite’ passive investors will make the next market downturn ‘like a runaway train with no brakes’

Best-selling author James Rickards rips into passive investors, referring to them as “parasites” and “free riders.” He bases his argument around passive investors’ indiscriminate purchases of index funds, which he says essentially contributes nothing to the marketplace. He also sees the shift from active to passive investing making the next […]
Best-selling author James Rickards explains how ‘parasite’ passive investors will make the next market downturn ‘like a runaway train with no brakes’
Markets

The chief strategist at JPMorgan’s $1.7 trillion funds arm says 2 types of investors are sending the market swinging wildly

David Kelly, JPMorgan Asset Management’s chief global strategist, said December’s market volatility was caused largely by passive and momentum investors, rather than active managers concerned about fundamentals. He said that much of the market is not decided “by millions of little Warren Buffetts thinking carefully about the value of stocks,” […]
The chief strategist at JPMorgan’s $1.7 trillion funds arm says 2 types of investors are sending the market swinging wildly