A number of asset managers release results this week. Will Legal & General assets top £1trn? Fund Strategy takes a look at the events shaping the week ahead.
Monday 7 August
Tuesday 8 August
- Standard Life (Q2 results)
Wednesday 9 August
- Legal & General Q2 results
New fund inflows and rising stock markets should see total assets getting closer or even breaching the £1tn level, says Share Centre investment research analyst Graham Spooner. “It will be interesting to see if any comment around Brexit is made.”
Thursday 10 August
- MSCI quarterly index review
MSCI announces its changes based on its quarterly review, which will become effective 1 September.
- Prudential (Q2 results)
This includes M&G Investments, which should see funds under management and inflows improve driven by a higher stock market.
- UK Index of Production, Construction output and new orders, and UK Trade – Office for National Statistics
In May, UK industrial production, manufacturing and construction all contracted, while he trade deficit widened to £3.1bn, Spooner notes. “However, purchasing managers’ indexes tracking manufacturing in June have told a more promising tale, while they also indicated an improvement in exports. Will today’s data reflect this?”
Friday 11 August
- Old Mutual results
- US consumer price index, July – Bureau of Labor Statistics
In June, the headline inflation rate was down to 1.6 per cent, core inflation – excluding food and energy – was 1.7 per cent.
Spooner says: “Will US inflation continue to be weak in July and if so, might this shake the resolve of the US Federal Reserve to continue on its course of rising interest rates?”