UK growth won't last, warn economists

UK high streetThe UK economy grew by an estimated 0.5% in the third quarter, better than expectations of 0.3%. But economists warned that the coming months are likely to see a slowdown. “While it is reassuring to see that the economy did not slide back into contraction, the third quarter is already history,” said Chris Williamson, chief economist at financial data firm Markit. “More important are the forward-looking indicators, of which today's release of the manufacturing PMI is the most alarming.” The measurement sank from 50.8 to 47.4, where 50 is the neutral point, signalling that UK manufacturing has moved into a period of contraction. “Looking ahead, this could be the strongest GDP number we see for a few quarters as leading indicators are pointing to a meaningful slowdown,” said Azad Zangana, European economist at Schroders. ©2011 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.