Market Assessment - The UK is described as a "disappointing market" with world-class companies being "under-owned and undervalued" [1][2] - London is criticized as the "Jurassic Park" of stock exchanges due to its focus on older industries that offer generous dividends but lack rapid growth [2] Investment Trends - A recent Bank of America survey indicated that fund managers were net 24% underweight in UK equities as of December, reflecting a lower allocation to the UK market compared to other countries [3] - Fund managers have only been overweight in UK stocks twice since August 2021 [4] Finsbury Growth & Income Trust Performance - Nearly 90% of the Finsbury Growth & Income Trust's holdings are concentrated in just 10 British stocks, with significant holdings in Sage Group, Experian, and Unilever [5] - The trust has faced its fifth consecutive year of underperformance, with a share price increase of only 2.3% over the 12 months to September, while the FTSE All-Share index rose by 16.2% during the same period [6] Future Outlook - Investors are set to hold a continuation vote regarding the future of the £1 billion trust, which was established 100 years ago [7] - The trust's manager, Nick Train, has increased his personal stake in the trust, believing it to be an advantageous time to buy more shares [6][7]

Core Insights - Major U.S. equities indexes experienced gains, driven by comments from a Federal Reserve official suggesting a potential interest rate cut in December [1] Company Performance - Ross Stores (ROST) emerged as the best-performing stock in the S&P 500, with shares increasing by 7% after surpassing earnings and revenue estimates, and raising its outlook due to strong customer demand [2] - Gap Inc. saw its shares rise by 8% following better-than-expected results and an optimistic guidance, attributed to robust demand across its brands [2] - Intuit (INTU) reported a 6% surge in shares, benefiting from strong quarterly results and increased demand for its artificial intelligence tools [3] - Veeva Systems (VEEV) experienced a decline of over 10% as it warned of reduced usage of its Vault CRM system by biopharmaceutical firms [4] Market Trends - Oil futures declined while gold prices increased, indicating a shift in commodity markets [4] - The yield on the 10-year Treasury note decreased to 4.08%, reflecting changes in investor sentiment [4] - The U.S. dollar showed mixed performance against major currencies, gaining against the euro but losing ground to the pound and yen [4]

Market Overview - The global accounting software market was valued at USD 15.23 Billion in 2025 and is projected to reach USD 29.38 Billion by 2033, growing at a CAGR of 8.60% from 2026 to 2033 [1][14] - The U.S. accounting software market size is expected to grow from USD 3.84 Billion in 2025 to USD 7.19 Billion by 2033, with a CAGR of 8.21% during the same period [2][14] Growth Drivers - The primary driver for the growth of the accounting software market is the increasing adoption of cloud-based solutions that provide real-time financial tracking, accessibility across devices, and cost-effectiveness for businesses of all sizes [1] - In the U.S., factors such as widespread cloud usage, AI-driven automation, and integration with enterprise systems are significantly contributing to market growth [2] Segmentation Analysis - By Component: In 2025, software accounted for 70.24% of the market share, while services are the fastest-growing segment with a CAGR of 10.04% [3] - By Enterprise Size: Large enterprises held the largest share at 64.06%, while small and medium enterprises (SMEs) are the fastest-growing segment with a CAGR of 11.24% [4][6] - By Type: The ERP segment led the market with a share of 42.50%, while custom accounting software is the fastest-growing segment with a CAGR of 10.14% [7] - By End-Use Industry: The BFSI segment dominated with a share of 28.64%, while IT & Telecommunication is the fastest-growing segment with a CAGR of 11.84% [8] Regional Analysis - North America held the largest share of the accounting software market at 34.96% in 2025, driven by higher digital adoption and demand for cloud and AI-enabled functions [9] - The Asia Pacific region is expected to grow at the fastest rate with a predicted CAGR of 9.95%, attributed to increased digitalization and higher adoption rates among SMEs [10] Key Players - Major companies in the accounting software market include Intuit Inc., Microsoft Corporation, Oracle Corporation, SAP SE, and The Sage Group plc among others [11][13] Recent Developments - In July 2025, Intuit Inc. launched Agentic AI experiences to enhance financial management capabilities for mid-market businesses [16] - In March 2025, Oracle introduced AI Agent Studio for Fusion Applications, aimed at creating and managing AI agents across enterprises [16]