Sources of financial news

Most investors want to have reliable, regularly updated sources of information. When considering investing in global markets, it’s not always easy to get access to such information.

There are certainly plenty of websites based in the UK and the US that can come to the rescue. In some cases, it’s necessary to pay a subscription in order to get access to them. Here, we take a look at some popular choices.

Financial News

This is an online publication that offers a reasonable depth of information, although it may not be suited to absolute beginners in the world of investments.

Key topics covered on a regular basis include asset management, investment banking, private equity, trading and technology.

There are also regular special reports, often including interviews with leading names in the world of finance.

BBC Business

As might be expected, the BBC Business website offers good quality explanations of the latest stories, although may sometimes lack the depth of specialist publications.

The large team of journalists available to the BBC does mean, however, that there is good coverage of most financial topics.

Reuters

A key source of information for many, offering quick responses to the latest news stories. As with BBC coverage, investors may feel that there is a lack of depth when dealing with some issues. That’s to be expected, given that the news organisations are often attempting to cover a broad range of subjects.

Reuters news feeds are also used by a number of other organisations. Even if you don’t visit the Reuters website on a regular basis, this means that it’s likely that you will be exposed to their journalism.

The Economist

For those familiar with the print version of this magazine, The Economist online provides the same high quality reporting and insight.

This is, however, provided on a subscription-only basis. At the present time of writing, an introductory offer means that it’s possible to subscribe at a rate of £1 per week.

Financial Times

Content at the FT.com website is also hidden behind a paywall, meaning that you’ll need to pay for access, in order to take a closer look at the stories that are listed online.

A premium subscription is currently priced at £6.79 per week, allowing unlimited access to the website, via desktop, mobile and tablet devices. You will also receive an exclusive letter from the editor, together with ePaper access.

With slightly less features available to you, the standard subscription (currently priced at £5.19 per week) is a cheaper option.

When it comes to investments, it’s important to have information at your finger-tips. With enough knowledge in place, you’ll be in a good position to make better investment decisions.

But how reliable is the information that you currently have? Could it be the right time to seek out alternative sources of information?

Eastern European Fund performance in June

Now feels like a good time to look back on the performance record of the Eastern European Fund back in June. This Nevsky Capital fund had a launch price of $10 back on 13 October 2000.

During the course of June, there was an overall fall in value of 1.4% and some of this figure can certainly be attributed to the relatively poor performance of markets in Turkey during this period. Indeed, Turkish investments saw a loss of 3.9%.

This is a situation where wider influences are undoubtedly having something of an impact. Public unrest looks to have unsettled the markets and the Fund managers at Nevsky will clearly be required to monitor that situation carefully.

An enormous amount will rely on the reaction of Turkey’s government. A situation that could have been controlled has clearly demonstrated what can happen when things get out of hand. That’s something that can have an impact on the Fund, given that there’s an exposure of around 16%.

Better news came from Hungary, with a rise of some 4.7% during the month. This may be seen, to a certain extent, as defying expectations. There appears to be a general weakness in the Hungarian economy that won’t be solved until there are improvements in the situation facing western European economies. That’s reflected in the relatively small holdings at this point in time.

Indeed, Hungary represents only 1.7% of the Fund. The largest holding remains Russia, with more than 50% of total investments. The Financials and Energy sectors represent the markets with greatest levels of exposure.

Meeting the team

With any Fund, there’s a certain level of interest in examining how the situation is developing over time. How are decisions being made and how frequently are those decisions having positive results?

Nevsky Capital's Nick Barnes

Nick Barnes and Martin Taylor provide leadership, directing operations.

Martin Taylor

The decision making process obviously needs to be controlled and analytical. With a suitable knowledge base, it’s possible to make the right decisions. Given the investment strategy that’s being pursued, this means having a thorough understanding of the political situation in central and Eastern Europe, as well as being briefed on changes within companies and markets.