Investment Week is finally back in print after its summer hiatus, but August was not quite the uneventful respite investors are accustomed to.
We witnessed the continuation of the trend seen since mid-March lows of an equity market recovery, which Vafa Ahmadi of CPR Asset Management, characterised as "K-shaped", with index gains driven by substantial returns from top performers while others continue to lag. Part of the impact has seen Tesla overtake Toyota as the world's most valuable car company by market cap and Apple's now $2trn market cap outstrips that of all FTSE 100 firms combined, as both companies opted to split their stock. August also saw the confirmation of what most had expected, with figures from the Office for...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
