Proactive Investors - Run By Investors For Investors

IG Index: Fear factor prompts revenue rise

IG Index: Fear factor prompts revenue rise

If greed and fear drive the markets then it was definitely the latter which encouraged investors to take their hands out their pockets and trade with IG Group (LON:IGG).

The fear factor formed from fretting over the end of quantitative easing had people betting on the direction of the main equity indexes as well as a whole host of other indicators. 

And it was behind a 15% rise in revenue to £93.6mln. 

“Client activity this year was strongest early in the period in response to heavy falls in equity markets on the back of QE tapering fears in the US and concerns over the Chinese economy,” IG said in an update to the market covering the quarter to September 16.

View full IGG profile View Profile

IG Group Timeline

Newswire
January 15 2015
Newswire
September 17 2013
Newswire
September 11 2012

Related Articles

Braveheart
July 08 2019
On 8 July, the company said that it had acquired a 33% stake in Pharm2Farm Limited, a plant nutrients firm
Miner
June 07 2019
The mineral resources investor thinks the macroeconomic environment is favourable to the mining sector. It has four investments that over the next 18 months or so could see it repeat the success it had with its investment in the Prognoz silver project in Russia.
The fund has doubled the capital it has raised to $100 million since September
April 11 2019
The company’s fund gives investors access to 3.25-6.45% returns over set terms.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use