Was 2024 the year of the stockpicker? Nope. Investing Every year, asset managers claim that this year is the year of the stockpicker. At the start of 2024, Bank of America claimed that “active funds will have greater odds of selecting winners in 2024”. “We expect more idiosyncratic opportunities next year given elevated valuation dispersion and increased public market inefficiencies, which should create a [...]
UK investors cash out en masse after FTSE 100’s record rally Investing Flows into equity funds cratered in May after a bumper ISA season, new data has shown, with investors charging out of UK stocks after a record-setting FTSE 100 rally.