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About GeorgeIG

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  1. Hello, I work in the IG Investments team and I'm glad to hear your pleased with your IG Smart Portfolio performance. We've also been extremely happy with how they've performed - our multi-asset portfolios have beaten their benchmarks by +7.1% over the last 12 months! IG Smart Portfolio SIPPs work in the same was as your GIA and ISA accounts, the only difference you should be aware of is that James Hay, who administer IG SIPPs, charge a yearly admin fee of £205. For your question on changing risk profile, there is no limit on how many times you adjust your risk profile. Also,
  2. Unfortunately, we are experiencing login issues at the moment. You can keep up to date via our status page here: https://status.ig.com/
  3. It started off with a vision to revolutionise British banking, intent on disrupting the stagnant high street banking industry by enhancing service levels and investing in state-of-the-art IT software. But now Metro Bank (MTRO) is in turmoil. Not only have five of the challenger bank’s founding directors left within the last year but the firm also pulled a £250 million bond sale citing ‘poor market conditions’, despite offering a yield of 7.5%. As a result, Metro Bank’s share price has tumbled -90% since floating at 2000 pence per share in 2016. The table below shows that Metro Bank’s
  4. GAW announced record breaking half-year results this morning, here is a few key points: Big jump in profits to £58.6m up from £40.8m Revenue £145.6m, £125.2m previously Royalties receivable up to £10.7m for the half year, a 94.5% increase from the same period last year. Share price up around 7% since open (at the time of posting).
  5. They do make a fair chunk of their operating profit through royalties, but the majority still comes from online/trade sales. Although, royalties is definitely a segment that is growing for them (something they are proud of). It accounted for £6.9m of operating profit in 2017, up to £10.4m now.
  6. Games Workshop Group (GAW) has experienced incredible growth over the last few years. The share price for the wargame manufacturer rose by 101.5% in 2019. Games Workshop is a constituent of the FTSE 250, where it ranked fifth highest in terms of contribution to the index’s total return in 2019. You’d be wrong to think this was a one-off. In 2018 the company came in at eighth and was the second highest performer in the FTSE All-Share Index in 2017, generating a total return of 267.17%, beaten only by KAZ Minerals (KAZ). To illustrate the company’s extraordinary growth, look no further
  7. Research finds that one of the main reasons everyday savers choose not to invest is because they believe wealth management is simply too expensive. We found that the total cost for a ready-made portfolio across other online wealth managers is around 1.1%1, with some charging over 1.8%2. High fees like these eat into your portfolio returns. In 2017, IG partnered with BlackRock to offer savers access to a low-cost wealth management service called IG Smart Portfolios. We recently reduced our management fee for IG Smart Portfolios, to help grow your investments faster. As the table below show
  8. Do you have an interest in building long-term wealth through investing? Have you always wanted the chance to ask an expert a specific question about portfolio management, or find out more about IG's and BlackRock's trading strategy for our Smart Portfolios? We are giving you the opportunity to ask your questions directly to our Portfolio Managers here at IG. You can be part of a new article series here at IG called 'Ask the Portfolio Manager' by simply commenting your question below. What is this article all about? We are creating a new article series where the content is driven
  9. Oil prices have surged as Trump aims to cut Iran's oil exports after the White House announced that waivers from countries buying oil from Iran would end in May, a decision made to slash revenue for the Iranian government. Brent crude futures are trading at $74.29 a barrel, up 0.3%, whilst WTI crude reached its highest level since October last year currently trading at $65.95 per barrel. Shares in the US were muted on Monday as the market braces for a busy week of corporate earnings, more than 140 S&P companies are expected to release earnings this week including; Twitter, Tesla, Coc
  10. The Dow was up 0.11% as positive news from Boeing boosted the index, the Federal Aviation Administration said that the software update to the 737 Max aircraft is "operationally suitable". The S&P increased marginally by 0.05% whilst the Nasdaq gained 0.3%. Netflix shares have dropped 1% after its earnings report yesterday, after announcing a weaker than expected guidance for Q2 as well as its CMO, Kelly Bennett, announcing her retirement this year. Although, Q1 earnings per share were 76 cents beating analysts expectations of 57 cents and revenue came in at $4.52 billion. China
  11. Uber has officially filed paperwork for the company's imminent IPO after observing rival Lyft's share price surge on opening only to fall below its IPO price later on. The ride-hailing company will be listed under the ticker "UBER" on the New York Stock Exchange. You can see how you can trade Uber's upcoming IPO on the IG website here. It was a muted day for US equities on Thursday as the major indices remained little changed ahead of JP Morgan and Wells Fargo earnings announcements later today. The S&P saw a slight decrease yesterday closing 2.62 points lower followed by the Dow whi
  12. The Office of the United States Trade Representative has posted a list of goods that the US is considering to impose tariffs on from the EU, which includes aircraft, motorbikes, cheese and wine. The tariffs on some $11bn products from the EU is in response to the subsidies the bloc gives to Boeing's rival Airbus, which has caused "adverse effects to the Unites States". US equities had a mixed session on Monday coming of the back of a strong growth last week. Both the S&P and Nasdaq edged marginally higher, increasing by 0.1% and 0.2% respectively. However, the Dow dropped 0.26% led b
  13. Lyft, the most recent high profile IPO, shares have seen huge trading activity over the first two days of trading as over 41.5 million shares were traded, well over the 32.5 million offered in the IPO. However, the ride-hailing company saw it's shares slump 12% on its second day of trading down to $69.01, below the official IPO price of $72. The downturn comes after the stock rallied to a high of $88.60 on Friday. US equities surged on Monday due to strong manufacturing data as factory activity rose and construction spending hit 9-month high. The Dow was up 330 points, closing above 26,
  14. Shares in Asia fell more than 2% amid growing fears that a recession is on the horizon, Japan's Topix was impacted the most as the index dropped 2.5% at the close. The Hang Seng, ASX 200 and the Shanghai Composite followed and all fell by at least 1%. Numerous reports over the weekend suggested that senior ministers were plotting to oust Theresa May as doing so could enhance support of her Brexit deal, although this has been denied. Mrs May is set to meet cabinet ministers today to update them on her strategy for Brexit. Special Counsel Robert Mueller has concluded that Donald Trum
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