Latest news with #Calastone
Daily Mail
4 days ago
- Business
- Daily Mail
Investors pull another £449m out of UK stocks despite Footsie's strong recent performance
British investors pulled £449million out of UK equities in May as the FTSE 100's strong recent performance failed to drum up renewed appetite for London stocks. It was the smallest outflow since the end of last year and half the average seen during a dismal run for UK markets over the past three years. But nearly £4.5billion has been withdrawn from London-listed shares this year, says funds network Calastone. Edward Glyn, head of global markets at Calastone, said that while the UK market has been flirting with all-time highs, the recovery 'has not been enough to spur new buyers to reappraise the prospects for UK equities'. He added: 'The relentless outflows represented a clear capitulation on hopes for UK shares. It's too soon to call an end to this trend, but a less negative narrative is a necessary first step.' Overall flows into all equity funds remained positive in May but were sharply lower than in April, dropping by a billion to £525million. Calastone said it was a strong month for European funds but investors were more cautious on US and other global stocks. World markets were boosted by Donald Trump's retreat from his most extreme tariff positions, Glyn said.
Bloomberg
10-05-2025
- Business
- Bloomberg
How a Real Bear Market Will Play Tricks on You
If you think the extraordinary volatility in markets has started to put ordinary investors off the US market, you're wrong. Retail investors in the US bought $40 billion worth of domestic stocks in April. UK investors were keen, too. According to fund data group Calastone, they bought another £1.5 billion ($2 billion). Odds are they are pretty pleased with their purchases so far: the S&P 500 has almost entirely erased its losses since President Donald Trump's April 2 'reciprocal' tariff rollout, and as Money Distilled author John Stepek and I keep saying, if you hadn't looked at the market since Christmas, you would have no idea anything had happened at all.
Times
07-05-2025
- Business
- Times
Investors in UK dump bonds at fastest rate in five years
Investors in Britain dumped bonds at the second highest rate on record as tariff wars raised expectations of an emergency US interest rate cut and cash was raised to meet margin calls caused by market turmoil. Just over £1.2 billion was pulled from fixed income funds in April, according to data from Calastone, the global funds network, the fastest pace since the early days of the pandemic in April 2020. A sweeping round of tariffs announced on April 2, which President Trump nicknamed 'liberation day', rattled investor confidence in the American economy, triggering a decline in the value of the dollar and a sell-off in US bonds. Edward Glyn, head of global markets at Calastone, said that the turmoil in US bond markets had 'pressured
Yahoo
08-04-2025
- Business
- Yahoo
UK stocks recover after sell-off triggered by hefty tariffs
(Reuters) - Britain's main indexes recovered from their lowest levels in more than a year on Tuesday, as investors look for any indication of Washington softening its stance on the aggressive tariffs that have roiled global markets over the last few days. The blue-chip FTSE 100 rose 1.4%, as of 1000 GMT, after falling for four consecutive sessions. The domestically focused midcap index also gained 2.5%, after hitting its lowest point since November 2023 in the previous session. Markets had been unsettled by U.S. President Donald Trump's announcement of sweeping trade tariffs last week, stoking fears of a global recession. Trump said on Monday he would talk to China, Japan and other countries over the tariffs, but was not looking at a pause on the duties. Separately, data from funds network Calastone showed British investors had piled into U.S. stocks in the weeks before Trump's tariff announcement. During the day, 94 of the FTSE 100 stocks gained. UK's aerospace and defence index rose more than 5%, with Babcock International Group leading the gains on the blue-chip index, followed by Rolls-Royce and BAE Systems. The energy index climbed 3% as oil prices rebounded from a near four-year low in the previous session. Industrial metal miners gained 2%, with Glencore advancing 3% after indigenous groups in Peru stopped blocking access to the company's Antapaccay copper mine following an agreement with government officials. Company-wise, Howden Joinery rose 2% after the kitchen and joinery supplier said Jackie Callaway would succeed Paul Hayes as the chief financial officer. Investment firm 3i Group has paused the sale process of pet food maker MPM to assess the impact of U.S. tariffs, Bloomberg News reported on Monday. Its shares rose 3%. Sign in to access your portfolio
Reuters
08-04-2025
- Business
- Reuters
UK stocks recover after sell-off triggered by hefty tariffs
April 8 (Reuters) - Britain's main indexes recovered from their lowest levels in more than a year on Tuesday, as investors look for any indication of Washington softening its stance on the aggressive tariffs that have roiled global markets over the last few days. The blue-chip FTSE 100 (.FTSE), opens new tab rose 1.4%, as of 1000 GMT, after falling for four consecutive sessions. here. The domestically focused midcap index (.FTMC), opens new tab also gained 2.5%, after hitting its lowest point since November 2023 in the previous session. Markets had been unsettled by U.S. President Donald Trump's announcement of sweeping trade tariffs last week, stoking fears of a global recession. Trump said on Monday he would talk to China, Japan and other countries over the tariffs, but was not looking at a pause on the duties. Separately, data from funds network Calastone showed British investors had piled into U.S. stocks in the weeks before Trump's tariff announcement. During the day, 94 of the FTSE 100 stocks gained. UK's aerospace and defence index (.FTNMX502010), opens new tab rose more than 5%, with Babcock International Group (BAB.L), opens new tab leading the gains on the blue-chip index, followed by Rolls-Royce (RR.L), opens new tab and BAE Systems (BAES.L), opens new tab. The energy index (.FTNMX501010), opens new tab climbed 3% as oil prices rebounded from a near four-year low in the previous session. Industrial metal miners (.FTNMX551020), opens new tab gained 2%, with Glencore (GLEN.L), opens new tab advancing 3% after indigenous groups in Peru stopped blocking access to the company's Antapaccay copper mine following an agreement with government officials. Company-wise, Howden Joinery (HWDN.L), opens new tab rose 2% after the kitchen and joinery supplier said Jackie Callaway would succeed Paul Hayes as the chief financial officer. Investment firm 3i Group (III.L), opens new tab has paused the sale process of pet food maker MPM to assess the impact of U.S. tariffs, Bloomberg News reported on Monday. Its shares rose 3%.
