Shaw Capital Management News: Market Report: Warning Over Europe Sees Schroders Plummet
posted by lilimustang 54 days ago under shaw capital management, shaw capital management scam warning, financial warning news, management research warning, investing stocks headlines
Stay away from mainland Europe – at least when investing in the asset managers – was the message being spread yesterday, as Schroders was left near the foot of the top-tier index.
The group plummeted 31p to 1,446p after Deutsche Bank downgraded its rating to “sell” from “buy”, suggesting that investors from the Continent have been the quickest to pull their money out of equity funds in response to the recent global market sell-off. City scribblers from the broker suggested that stocks in the asset management sector were in for a tough time in general “once the exact scale of recent outflows from retail investors is disclosed”. However, they added that recent data has shown “behaviour… in different geographical locations has varied markedly”, leaving Schroders – which they estimated was the most exposed to retail investors from mainland Europe – as particularly vulnerable. The analysts were much more keen on Man Group and Jupiter, which moved ahead 8.7p to 229.1p and 3.7p to 205.8p respectively. They also cut Ashmore’s rating to “hold” from “buy”, although it still managed to jump up 19.1p to 420p after its promotion to the top-tier index in the latest reshuffle was confirmed on Wednesday. Despite a positive start to the session, the FTSE 100 reacted badly to the results of the latest meeting of the Bank of England’s Monetary Policy Committee. Its decision to keep interest rates at 0.5 per cent surprised nobody, but there had been hopes – which were proved unfounded – that the opportunity could be used to announce further quantitative easing measures. » Shaw Capital Management News: Market Report: Warning Over Europe Sees Schroders Plummet |
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