Sector Focus 

Is the wealth manager sell-off overdone?

Is the wealth manager sell-off overdone?

The market didn't wait for the latest round of quarterly updates to mark-down shares in the UK’s wealth managers. Given the rapid deterioration in equity markets – which has provided a hefty boost to funds under management – during the latter half of 2018, that's unsurprising. However, a slowdown in new business, coupled with market losses, meant the fall in funds was worse than expected.  

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