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Latest news with #MoneyDistilled

Active Funds Are Scoring In The Great Rotation
Active Funds Are Scoring In The Great Rotation

Bloomberg

timea day ago

  • Business
  • Bloomberg

Active Funds Are Scoring In The Great Rotation

Most passive funds are momentum plays — and momentum has stalled this year. Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. The rise and rise of passive investing is, from a consumer point of view at least, one of the best innovations to hit financial services in my lifetime.

Why Rachel Reeves Should Resist a UK Wealth Tax
Why Rachel Reeves Should Resist a UK Wealth Tax

Bloomberg

time22-07-2025

  • Business
  • Bloomberg

Why Rachel Reeves Should Resist a UK Wealth Tax

It's impractical, it's self-defeating, and it would make Britain's already narrow tax base even more fragile. Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. You might — just might — already be aware of this, but the UK's public finances are in a sorry state. New figures out today showed that public borrowing was higher than analysts surveyed by Bloomberg had expected in June.

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