The case for investing in financials Financial services companies are evolving their business models to meet post-pandemic challenges and increasing competition. By Alex Crooke Entire tomes have been devoted to investing in the financial services sector – hardly surprising when you consider its size, and therefore its significance to the world s capital markets. To say the financial sector is large doesn t do it justice. Of the total market capitalisation of the S&P 500, the world s largest stock market index, financials account for just under 10% of the $28.5 trillion valuation.
1 Turning our attention to the UK market, the sector s dominance is more pronounced still, representing over 25% of the entire market capitalisation of the FTSE All-Share Index.
The case for investing in financials
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Entire tomes have been devoted to investing in the financial services sector – hardly surprising when you consider its size, and therefore its significance to the world’s capital markets.
To say the financial sector is large doesn’t do it justice. Of the total market capitalisation of the S&P 500, the world’s largest stock market index, financials account for just under 10% of the $28.5 trillion valuation.
1 Turning our attention to the UK market, the sector’s dominance is more pronounced still, representing over 25% of the entire market capitalisation of the FTSE All-Share Index.
US Senate results to power further growth Sarah Kendell 07 January 2021
The US Democrats’ surprising victory in the Senate run-off elections set off a wave of political chaos in Washington, but is broadly positive news for financial markets, global asset managers have said.
Commenting on the results of the elections in the US state of Georgia on Wednesday, Janus Henderson Investors head of multi-asset Paul O Connor said the Democrats’ wins would “give them a solid platform for implementing their legislative program”.
“Financial markets will likely focus on the prospects of more fiscal stimulus in the US in the short term, and higher taxes later on,” Mr O Connor said.
RTW Participates in $56 Million Financing Round in Biomea Fusion
RTW Venture Fund Limited (the Company ), the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, is pleased to note the announcement by Biomea Fusion, Inc. ( Biomea ) on 06 January 2021 of its completion of a $56 million Series A financing round.
The Company, alongside other investment vehicles of RTW Investments, LP (the Investment Manager ), confirms that it participated in the financing round together with other investment firms.
Biomea is a US-based privately held precision oncology company dedicated to developing innovative medicines targeting specific cancer driving mutations. Biomea plans to use the proceeds from the financing round to advance the development of its portfolio of irreversible inhibitors, including a potentially first-in-class irreversible inhibitor of menin, a key newly recognized onco-target