That 2024 was the year for US equities will shock no one, with all eyes on the Magnificent Seven stocks. Investors have been transfixed by AI, and the US mega caps are believed best positioned to deliver them. Nevertheless, this run is more than a gargantuan “meme” run, with the likes of Amazon, Alphabet, and Nvidia delivering strong earnings, and consensus being that they will continue to do so. To hedge my bets, that’s not a recommendation either way: consensus has often been wrong footed, from the global financial crisis way back to Tulipmania. However, UK fund investors’ 2024 can

There is something strangely reassuring about seeing festive decorations being displayed in a large London department store only a few days after the U.K.’s hottest September day in 60 years. With one final flourish, summer is gone. Light trading volumes and asset allocation indecision should now be replaced with conviction and some assertion on the part of funds investors, heading into the final quarter of the year. June and July European fund-flow data revealed considerable “Brexit”-induced risk aversion, with investors taking flight from broad-based pan-European and U.K. equities funds and flocking into Dublin-based money market vehicles. August European data from

Assets under management in the global collective investment funds market grew US$188.8 billion (+0.5%) for June and stood at US$36.2 trillion at the end of the month.