Image source: Getty Images I’ve held the Fundsmith Equity investment fund in my Self-Invested Personal Pension (SIPP) for many years. And over the long run, it’s made me quite a bit of money. However, the fund’s been underperforming the broader market. This has got me wondering whether I should dump it and buy a S&P 500 tracker fund instead. Underperforming the market It has been a while since Fundsmith beat the market on an annual basis. The last time was in 2020 when it returned 18.3% versus 12.3% for the MSCI World index. I’ve put the returns since then in…
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(Bloomberg) — China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition. Most Read from Bloomberg The yuan risks years of downward pressure during the second Trump presidency, and the threat of another trade war is already fueling bets against the currency. Analysts expect the yuan to break a 17-year low against the dollar in 2025, with the most bearish observers predicting a decline of around 10%. The yuan is more vulnerable than it was during the last trade war. Chinese…
Investing.com – At a press conference following the Federal Reserve’s decision to slash interest rates by 25 basis points last week, Chair Jerome Powell noted that the potential economic policies of the incoming Trump administration would not impact “near term” decisions made by the central bank. Although he acknowledged that Trump’s plans to slash taxes and impose harsh tariffs on US imports will be considered, Powell flagged that it could take some time before officials have enough clarity to gauge the impact of these policy changes on their calibration of interest rates. In order to gauge how officials may assess the…
Image source: Getty Images The stock market’s been on an explosive run over the last 12 months. Here in the UK, the FTSE 100‘s enjoyed a stellar return of 12.9% (including dividends) since November last year. And the FTSE 250‘s grown even faster, delivering closer to 19.5%. Meanwhile, across the pond, US stock market indices are on fire, with the S&P 500 and Nasdaq 100 up by a jaw-dropping 37.8% and 37.5% respectively. With all major indices vastly outpacing their historical average annual returns, investors are understandably celebrating. Even more so in America, given the stock market has continued to…
ARLINGTON, Texas (Reuters) -Jake Paul beat boxing legend Mike Tyson by unanimous decision to win an intergenerational heavyweight battle in Texas on Friday that failed to live up to its enormous hype. The bout between the 27-year-old social media influencer-turned-prizefighter Paul and the 58-year-old former heavyweight champion Tyson was streamed live on Netflix (NASDAQ:) and played out in front of a sold-out crowd at AT&T (NYSE:) Stadium in Arlington. Those fans were left largely disappointed as Tyson showed his age and was never able to generate any offense against his younger opponent, landing just 18 punches to Paul’s 78. “First…
Now that individual investors can access direct real estate investments, what should they keep in mind regarding the main US commercial real estate (CRE) sectors and their respective outlooks? To conclude our series, we analyze the prevailing perspectives on the US CRE market and four of its key segments, specifically residential — multifamily, industrial, retail, and office.* Residential — Multifamily The United States faces a significant housing unit shortfall. Pre-COVID-19, Fannie Mae data estimated a shortage of 3.8 million homes. New estimates range from 2 to 3 million. While construction starts rose through most of 2021, according to Green Street…
A hot fire test of an Archimedes engine, which powers the company’s Neutron rocket.Rocket LabThis past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a “Trump-Elon trade,” a nod to the relationship between President-elect Donald Trump and SpaceX CEO Elon Musk.”I don’t think anyone can underplay the potential catalyst that I don’t think many people were talking about before: the most important human in the history of the space industry having the ear of the president-elect, who in his past term found space…
Brandon Bell/Getty Images; iStock; Rebecca Zisser/BI More than half of the stock market’s post-Trump-election rally has been erased. The turning point came Thursday, when Fed Chair Powell said the central bank will take its time cutting rates. That, plus a streak of strong economic data, has investors questioning whether a December cut is necessary. And just like that, half of the stock market’s euphoric post-Trump-election gain is gone. Major US indexes sold off sharply on Friday, with the tech-heavy Nasdaq leading the way, as investors came to terms with the fact that they may not get a December rate cut…
Image source: Getty Images The Rolls-Royce Holdings (LSE: RR.) share price has climbed more than 1,300% since its lowest point of 2020. And I see reasons to think it could head even higher. Or lower. At the most pessimistic point, many investors feared the worst. With debt looking like it might be too much to recover from, the company was almost priced to go bust. But the doom-mongers had reckoned without the heroics of the Rolls-Royce management team, and new CEO Tufan Erginbilgiç. When the new boss took control in 2023, he famously told employees that they were standing on…
(Reuters) – A Southwest Airlines (NYSE:) plane preparing for departure at Dallas Love Field airport was struck by a bullet late on late Friday, prompting the aircraft to return to the gate, the airline said in a statement. “Southwest Airlines Flight 2494 was set to depart for Indianapolis when a bullet apparently struck the right side of the plane, just below the flight deck, as the crew was preparing for takeoff,” a Southwest spokesperson said. “No injuries were reported. Law enforcement authorities have been notified and the plane has been removed from service.” The plane was preparing for departure from…