UK investors have opted for strategies offering global exposure in July in a bid to spread their risk, according to data from interactive investor.
Richard Hunter, head of markets at ii, said the shift was boosted by July's earnings season, where around 80% of companies beat analyst expectations, even with the "level of mega-cap technology shares", which have contributed to Nasdaq gains this year. interactive investor cuts trading fees by 33% He said further optimism was set to come, with Apple and Amazon set to provide trading updates later this week. In terms of funds, only two active portfolios made the top ten list - Fundsmith Equity and Royal London Short Term Money Market - with UK investors continuing to prefer passive ...
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