We look at some of the key developments during the year and discuss various investing opportunities for the individual investor. "2011 was a challenging year for investors and the funds industry as a whole. "The release of the India Fund Observer is an initiative taken by us jointly with BSE to help the investors take informed decisions and achieve their financial goals," said Aditya Agarwal, Managing Director, Morningstar India. To reduce inflation, authorities increase. “We appreciate that the calling need of investor education and awareness across India is being recognized by organizations and we would continue to partner in such investor-oriented initiatives." Stagflation which occurs when there is high inflation, and slow economic growth, accompanied by high unemployment can pose a risk to pre-retirees. The India Fund Observer 2011 is one more step towards enabling investors take informed investing decisions," said Madhu Kannan, MD and CEO, BSE, talking about the launch. "BSE IPF's focus has been investor empowerment through education. Regulatory developments, data trends, etc. Focus on recently-popular categories such as FMPs.Folio data trends: Looking into retail participation in various fund categories.Category-wise growth in assets and net flows.Insights into the Indian mutual fund sector.A comprehensive view of domestic and global financial markets. In fact, for fund investors, this decade has been defined by a seemingly unending stream of blunders and disasters.The endeavor is to update the investor with insights into key events that transpired in 2011 and how they impacted the markets. The India Fund Observer 2011 is a year-end report that encapsulates the key trends in the Indian mutual funds industry during the year. We play a pivotal and valuable role in promoting sale of Mutual Funds by facilitating investors in buying and selling of Mutual Fund products. Mutual Fund Observer ranks funds for Risk from 1 (lowest) to 5 (highest). “This is a crisis made in Downing Street but it’s ordinary working people who are paying the price,” she said.BSE Investors’ Protection Fund (BSE IPF) along with Morningstar India, today launched the inaugural edition of the India Fund Observer. Labour’s economy spokeswoman, Rachel Reeves, said many people will not be able to cope with mortgage rate increases as a result of the government’s policies. Gove indicated that he would not support the tax cuts when the issue is put to lawmakers. “There is inadequate realisation at the top of government at the scale of change that is required,” former Cabinet Minister Michael Gove told the BBC after Truss’s interview. That sets up a major row with Conservative MPs at this week’s conference and when Parliament returns next week. Her comment that it was Kwarteng’s decision to remove the top rate of income tax is the first sign Truss may be trying to distance herself from her chancellor - though she also reiterated the government is sticking with the policy. She said she would ensure state pension payments rise in line with inflation, but refused to make the same commitment for welfare benefits and department spending. “I believe in getting value for money for the taxpayer,” Truss said. That has angered Tory MPs, who fear it plays into the hands of Keir Starmer’s Labour. A survey by Opinium for the Observer newspaper showed three-quarters of UK voters, including 71 per cent of those who backed the Tories in the last election, believe Truss and Kwarteng have “lost control” of the economy.Ĭutting taxes for Britain’s highest earners is proving especially toxic, given ministers have also indicated that the government’s plans will require department to find cost-savings. Traders drove to the pound to a record low in the aftermath of Kwarteng’s fiscal statement, government borrowing costs soared and the Bank of England to intervene to prevent a meltdown in the gilt market.Īmid the fallout, support for the Tories has tanked in opinion polls, with YouGov putting the opposition Labour Party 33 points ahead. “I do stand by the package we announced.” “I do accept we should have laid the ground better I’ve learned from that,” Truss told the BBC in Birmingham, where the ruling Conservative Party’s annual conference begins Sunday. She also said the decision to remove the highest rate of income tax was taken by Chancellor of the Exchequer Kwasi Kwarteng and not put to her Cabinet. Liz Truss acknowledged her UK government mishandled the announcement on unfunded tax cuts which triggered a week of turmoil in financial markets, while insisting her approach is the correct one.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |