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History is on the side of small cap fund investors taking a patient view on the recovery

Small caps have had a more challenging 2020 than large caps but history is on your side if you invest in small cap funds. Understandably when markets initially reacted to the coronavirus pandemic in late February and into March, smaller listed companies were hit the hardest and materially underperformed during that period. As generally happens in crisis situations, there is a flight to liquidity and the greater ‘quality’ of large cap stocks, with UK large caps also enjoyed a greater international bias. But since…

Trump properties have made over $17 million from the campaign and the RNC since 2016

President Donald Trump speaks on the "Rebuilding of America's Infrastructure: Faster, Better, Stronger" in Atlanta on July 15.Jim Watson | AFP | Getty ImagesPresident Donald Trump's properties have made over $17 million from the Trump campaign and his joint fundraising committees since 2016.That includes close to $400,000 recently paid by Trump Victory, Trump's joint fundraising committee with the Republican National Committee, to the Trump Hotel Collection.The payments to the president's business came in the second quarter,…

August is shaping up to be ‘ugly’ if stimulus, extra unemployment runs dry for millions

Drivers wait in line for boxes of food from the Second Harvest Food Bank of Central Florida at a drive-through event at the City of Destiny church in Orange County, Florida.Paul Hennessy/SOPA Images/LightRocket via Getty Images'Horrendous time'"This is a horrendous time to have a lapse in benefits," said Wendy Edelberg, senior fellow at the Brookings Institution. "I expect households are living week to week, financially speaking."I'm far more worried what Congress ends up passing will be a lot less supportive than what was…

Ninety One’s assets increases in first quarter

Ninety One PLC (LON:N91) said that its assets under management increased by 14% in its first quarter to end-June, 2020 The London- and Johannesburg-listed asset manager, which demerged from parent Investec on Friday March 13, 2020, reported assets under management at June 30 of £118.0bn in a very short statement on Friday. This was up from £103.4bn at the end of March, a momentous month for the business in many ways, with all staff moved to remote working amid the coronavirus pandemic just days after its demerger and…

Personal Assets Trust reports increased NAV, keeps liquidity high

Personal Assets Trust PLC (LON:PNL) has reported a 5.3% increase in its net asset value (NAV) over the year to April 30, 2020, while continuing to maintain a high level of liquidity. At the end of April, the FTSE 250-listed investment trust’s NAV was £1.16bn, or £426.36 per share, versus a share price of £433.0 at the same point. The increase in NAV per share compared to a fall of 19.8% in the FTSE All-Share Index over the same period. Over the first nine months of the year, Personal Assets Trust reduced its equity…

British Design Fund recruits entrepreneur Luke Johnson to investment panel

The British Design Fund (BDF) sad entrepreneur and investor Luke Johnson is investing in the fund and will be joining its investment panel. The fund, which invests in and supports early stage UK-based product and manufacturing firms, said it is also due to close its latest round at the end of July and will be investing in a number of new product businesses, adding that it is still open to additional investors. WATCH: British Design Fund: Investing in early stage UK-based product and manufacturing firms “At a time of…

Nancy Pelosi says coronavirus aid bill will cost at least $1.3 trillion, but ‘that’s not enough’

U.S. House Speaker Nancy Pelosi (D-CA) speaks to reporters during her weekly news conference on Capitol Hill in Washington, July 16, 2020.Tom Brenner | ReutersDemocrats and Republicans need to resolve several disputes about what to include in a developing coronavirus relief bill as the pandemic wreaks havoc across the United States and financial lifelines are set to expire, House Speaker Nancy Pelosi said Thursday.Leaders in the Democratic-held House and GOP-controlled Senate acknowledge they need to approve more…

Small businesses rehire staff but cut pay and hours, survey finds

Small-business owners are struggling to stay afloat as coronavirus cases spike in many parts of the country — even with stimulus aid from the government.Despite that, worker headcount among small businesses was nearly back to pre-Covid-19 levels, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide.Even with an improved jobs picture, many employees are now working reduced hours and with lower pay, Gusto found.More from Personal Finance:Extra…

This couple generated $6 million in sales in four months after losing their live-event business overnight

Alex and Kelsey Carroll's company, Toss Up Events, designed and operated unique fan experiences at major sporting events across the country.Then the coronavirus shutdown canceled all large gatherings for the foreseeable future. The Carrolls, both 31, had all of their employees pack up their equipment and head back to the company's headquarters in Dallas. They had no idea when business would be back up and running.Kelsey Carroll came up with the idea to build custom hand-sanitizer stations that they could use when their…

Restaurant trade group says pandemic aid wasn’t enough to sustain the industry, as closures strike again

An exterior view of Sweet Tomatoes restaurant, which have closed their doors, on July 08, 2020 in Pembroke Pines, Florida.Johnny Louis | Getty ImagesAs Covid-19 cases continue to climb in cities and states around the country, businesses are being faced with a second wave of closures and potential layoffs. The National Restaurant Association projects 100,000 restaurants have been closed down over the past two weeks under state and local government mandates, as the advocacy group calls on Congress for targeted relief for the…