It’s official. The UK has entered the worst recession in living memory, due to the COVID-19 pandemic.
The Bank of England has predicted that property prices will fall by 16% as a result.
Don’t be fooled by the current mini property boom, which is caused by the pent up demand from the lockdown period.
In October, the Government Furlough schemes come to an end, and that will be the crunch point, when millions of people may be unfortunately made redundant.
Whilst no one has experienced anything like this pandemic before, we do know what happens in a property market crash.
But what does this mean for you, and your property investing?
As the property market slows, there are not so many buyers, and so more and more people need to sell and thus become motivated sellers.
For those property investors who know what they are doing, this is going to be one of the best buying opportunities of the Decade. It going to be like rolling back the clock to 2009.
This is a perfect opportunity to become a member of the ETG property syndicate and realise your dream of being a property investor.
Capitalise on our extensive investment knowledge and watch as your investment grows over the years, and with it the size of your property portfolio.
For more details or to become a member, please contact us.
We are honoured to have been nominated for an award at this years Worldwide Finance Awards in the Forex category.
Acquisition International is once again recognising companies and individuals, who have proven to be dedicated and experienced in the finance industry.
Now in its seventh year, the International Finance Awards aims to highlight and reward the achievements of those in the industry that continuously overcome the difficulties posed by the ongoing global economic issues and persevere to thrive in the current climate.
Acquisition International welcome nominations from all areas of the financial industry from retail, internet and commercial banks, credit unions, savings and loans associations, investment banks and companies, brokerage firms, insurance companies, mortgage companies and more.
To ensure that only the most deserving walk away with one of their prestigious awards, Acquisition International’s International Finance programme researches into the most suitable and commendable winners based on successful business dealings conducted over the last 12 months.
After being informed at the end of 2019 that we had been nominated, our entry went before the judging panel to decide if we should go through to the final rounds.
Earlier this week we were informed that we had been successful and we were now down to the final few in the race to be crowned winners.
We would like to thank everyone that voted for us, and whatever the outcome, we are honoured and proud to have been recognised in this category.
Winners will be announced in August 2020, and we look forward to sharing (hopefully good) news with you then.
Here are some of last years winners
Aura Group Pte Ltd
Best Wealth & Fund Management Company – Asia Pacific
BNK Banking Corporation Ltd
Best Retail Banking Solutions – Sydney
Clear Capital Markets
Best Bespoke Investment Management Service Provider – UK
Click here to see last years winners in full
We are in unprecedented times right now, and its a safe bet that everyone has been affected by the coronavirus crisis in some way.
ETG FX have followed the government guidelines and all our team are working from home. We understand that we are very fortunate in being able to do so with almost zero interruption in the running of our business and services.
However not all industries are as fortunate. Some are not able to work from home and have to make the journey to their place of work, be it an office, construction site or hospital, and NHS staff put themselves at risk every time they go on duty.
As a thank you to our amazing NHS, we will be making a donation for every new client that joins our Trade Copier service.
After completing a recent probationary period for a new US based client, ETG FX yesterday took management of a new $165,000 fund.
We now have a framework agreement in place to take new funds from this client at pre-arranged dates throughout 2020.
As with all our managed funds, these new ones will be traded using our strict risk-management policy and targets.
This sees ETG again exceed our quarterly targets and continues the rapid growth and expansion of the company.
In February 2020 we completed the assignment of a new Forex fund totalling $335,000.
The fund, which is made up of 34 individual accounts, was on-boarded through our American branch and was won by ETG after successfully managing two other funds for the same investment company.
This new fund will be traded using the default risk ratio of 1:1, and will utilise our main trading strategy.
It also keeps us ahead of schedule to meet the growth targets for 2020.