US market review: US/China relationship sours again
Relations between the US and China deteriorated further during May as the US blamed China and the World Health Organisation (WHO) for the pandemic.
10th Jun 2020
UK equity income market review: Companies continue to cancel dividends
The outlook for income-seeking investors continued to deteriorate during May as companies sought to shore up their balance sheets by cancelling dividend payouts
UK equity market review: UK retail sales plunge
UK share prices continued to rally during May as investors became more hopeful that the lockdown would lift, and the economy could restart.
UK bond market review: BoE keeps its options open
Demand for gilts remained strong during May as the economic outlook continued to deteriorate. The coronavirus pandemic is expected to take a heavy toll on UK and global growth.
Global bond market review: Corporate defaults on the rise
US Treasury bond yields rose during May: government spending continued to rise and central bank policy showed signs of shifting as Federal Reserve Chair Jerome Powell emphasised that the Fed would tak...
Asia Japan market review: Concerns over Hong Kong’s future
Share prices in Hong Kong dived during May on the news that China was set to make national security laws for the territory, clamping down on dissent and raising questions over Hong Kong’s special econ...
The Week: Have markets moved too far, too fast?
Markets have seen one of the quickest rebounds in history, to the extent that investors are starting to wonder whether they might have gone too far.
3rd Jun 2020
The Week: Does size really matter?
Size has provided little protection in the recent market rout. The appeal of large caps has historically been their defensiveness and their dividend payments, but does this still stand?
28th May 2020
The Week: Does value investing still have a place in your portfolio?
It’s been a rough time for value managers. Has quantitative easing killed off value as a strategy? Or can it stage a comeback?
21st May 2020
UK bond market review: The economic outlook deteriorates
Although sentiment showed signs of improvement in April after March’s plunging stock markets, investors remained nervous. A survey conducted by GfK found that consumer confidence slumped to its lowest...
19th May 2020
Global bond market review: A bleak outlook
Although equity markets recovered to some extent during April, investors’ appetite for risk remained weak. Bond yields picked up towards the beginning of the month amid cautious optimism.
Europe market review: European economies shrink in Q1
European equity markets generally rebounded in April after sustaining steep falls in March.
Emerging markets review: All eyes on China
Demonstrating the economic impact of the coronavirus pandemic, China’s economy contracted at an annualised rate of 6.8% during the first quarter of 2020, compared with growth of 6.4% in the same perio...
Asian Japan market review: “A crisis like no other”
Asia is facing “a crisis like no other”, according to the IMF, which warned that the coronavirus pandemic’s impact on the region will be “severe and unprecedented” and will outstrip that of the Global...
UK equity income market review: Dividend cuts continue
Having experienced a difficult March, in which share prices plunged and dividends were cancelled, income-seeking investors experienced fresh pain in April as more companies opted to suspend their payo...
18th May 2020
US market review: US economy shrinks
Despite the news that the US economy had contracted for the first time since 2014 during the first quarter, US equity markets ended April in positive territory in April as investors began to focus on...
UK equity market review: UK plc on the back foot
Although UK share prices picked up slightly in April, the coronavirus continued to take a heavy social, corporate and economic toll and the UK overtook Spain to become the third-worst affected country...
The Week: China: the longer-term consequences of Covid-19
China may be seeing an economic bounce-back, but there may yet be economic consequences from the Covid-19 pandemic as the US sharpens its claws.
14th May 2020
The Week: Dividend cuts become the norm
Shell became the latest company to cut its dividend last week. Can investors rely on dividends returning?
6th May 2020
The Week: Will the low oil price dent the prospects for renewables?
The oil price has slumped. This brings problems for oil majors, the shale industry and various others, but could it also create difficulties for the renewables sector?
29th Apr 2020
The Week: Oil price shock: the implications
The pandemic has already disrupted equity and bond markets, but now its influence is spreading to commodities markets and notably to the price of oil. What are the implications of rock bottom oil pric...
23rd Apr 2020
UK equity income market review: UK companies cancel dividends
Although March was painful for most investors, income-seeking investors probably felt an additional level of pain.
20th Apr 2020
UK equity market review: On the back foot
UK share prices plunged during March as the coronavirus continued to sweep the world.
UK bond market review: UK interest rates reach all-time low
Against the backdrop of heightened uncertainty caused by the intensifying coronavirus crisis, investors continued to lose their appetite for risk during March.
Global update: March meltdown
The extended bull run came to an abrupt end in March as the coronavirus continued to spread into Europe and America, and a collapse in confidence pushed share indices into bear-market territory.
Emerging markets review: China bucks the trend
Share prices in China generally fell less heavily in March than other major equity markets. While most share indices posted double-digit losses during the month.
Europe market review: Extraordinary times
European investors experienced a torrid March as the coronavirus spread and intensified across the region. Major equity markets posted double-digit losses over the month.
17th Apr 2020
Asian Japan market review: Fears grow over Japan’s longer-term outlook
As the coronavirus intensified its grip, officials at the Bank of Japan increased monetary stimulus measures in an emergency meeting in a bid to soothe investors’ jitters.
US market review: US rates fall to near-zero
Share prices fell sharply in the US during March as the coronavirus pandemic continued its spread, and the yields on ten-year and 30-year Treasury bonds fell to all-time lows. President Donald Trump d...
The Week: Corporate bond bargains?
“The best value investment grade market I have seen” - corporate bond managers say they are finding bargains. Should advisers be taking note?
16th Apr 2020
The Week: Is this a dead cat bounce?
The recent performance from stock markets has given investors some cause for cheer amid the general gloom. However, could this be a dead cat bounce rather than a genuine cause for optimism?
8th Apr 2020
The Week: Are we going bust?
Government bailouts look set to explode already stretched deficits. While necessary in the short-term, what may be the longer-term consequences?
2nd Apr 2020
The Week: What does it cost to support markets? $2 trillion
The US emergency fiscal stimulus package has finally passed and markets are grateful, but could it create long-term problems?
26th Mar 2020
5 articles to reassure your clients
During periods of market instability and uncertainty, supporting your clients is likely to be your number-one priority. And timely communication can make all the difference when easing their concerns.
23rd Mar 2020
UK interest rates cut to record low
In an unexpected move designed to shore up the UK economy against the effects of the coronavirus pandemic, the Bank of England slashed its key interest rate to 0.1%.
20th Mar 2020
The Week: Bye-bye the ‘V’ shaped recovery; hello the ‘L’ shape
A V-shaped recovery now looks vanishingly unlikely, but could any good come of the financial market meltdown?
19th Mar 2020
The benefit of hindsight
History and experience have shown us that different asset classes and industry sectors generate strong or weak performance at different times.
18th Mar 2020
Following the herd
"To err is human" said the poet Alexander Pope; however, in investment, errors can be expensive.
“Whatever it takes”
Less than a week after the Budget, Chancellor the Exchequer Rishi Sunak revealed a package of measures designed to help the UK economy withstand the financial impact of the coronavirus.
Weathering market storms
There’s no doubt that periods of market volatility can be very unsettling for investors. Nevertheless, history shows us that, although equities can certainly be risky in the short term, they remain th...
When uncertainty strikes…
When uncertainty strikes, financial markets often respond with a period of volatility. It can be difficult to remain pragmatic and unruffled when asset prices are swinging back and forth.
Investors can be strange creatures. We wait until the market has risen before we are willing to buy. We sell when the market has plunged.
Fed cuts rates to near-zero
In an unprecedented move, the US Federal Reserve (Fed) announced its second consecutive emergency rate cut as central banks around the world launched co-ordinated action to support the global economy.
16th Mar 2020
The Week: What markets really, really want...
Markets have their fiscal and monetary stimulus, but still they’re not happy. What would it take to improve market sentiment?
12th Mar 2020
The Week: Federal Reserve: not enough or too much?
The Federal Reserve surprised markets by announcing a 50bps interest rate cut in an attempt to calm market nerves. The move hit a bum note, prompting a further sell-off in the equity market.
5th Mar 2020
Global bond market review: Bond yields hit record lows
Global bond yields extended their January declines into February as investors became increasingly worried about the potential economic impact and human cost of the coronavirus.
Global update: Investors take fright as coronavirus takes hold
As the spread of coronavirus gathered pace across the world during February, investors became increasingly concerned that the economic impact could trigger a global recession. Share prices plunged ove...
Emerging markets review: China moves to support its financial system
Having been shut from 23 January to combat the continuing spread of coronavirus, China’s stock market reopened on 3 February and the benchmark Shanghai Composite Index promptly fell by almost 8% in a...
UK equity market review: Companies warn on profits as coronavirus bites
Share prices tumbled during February as the extent and severity of coronavirus continued to intensify. By the end of the month, 85,403 cases had been confirmed worldwide, with 23 cases in the UK.
4th Mar 2020
US interest rate update: Fed cuts interest rates by 50 basis points
Amid mounting concern that the coronavirus could slow down economic growth, the US Federal Reserve cut its key interest rate by 0.50% percentage points to a range of 1% to 1.25%.
UK bond market review: Gilt yields fall as investors head for the hills
Government bond yields dropped sharply during February as the coronavirus continued to spread across the world, fuelling concerns over the impact on global economic growth.
Europe market review: European markets fall in February
Coronavirus continued its spread into Europe during February, with Italy the hardest hit country by a significant margin.
Asia Japan market review: Double-digit falls in Japan
Asian markets came under pressure during February as coronavirus continued to tighten its grip. By the end of February, South Korea was second only to China in terms of diagnosed cases of coronavirus,...
The Week: Only flu? Assessing the impact of the Corona virus
It’s been a torrid week for the financial markets, as investors assess the potential impact of the Coronavirus.
26th Feb 2020
The Week: Merger mania?
Consolidation has been considered a solution to the pressures on the active management industry, but it is not an end in itself.
19th Feb 2020
Asia Japan market review: Japan’s policymakers remain cautious
Although the Bank of Japan raised its forecast for economic growth in the fiscal year 2020 from 0.7% to 0.9%, policymakers are not yet ready to scale back their current stimulus programme.
13th Feb 2020
Emerging markets review: Coronavirus hits markets
January proved to be a month of two halves for China. Although investor sentiment received a boost from the “Phase One” trade agreement with the US.
Global bond market review: Seeking safe havens
Global bond yields declined during January as investors sought safe havens against a backdrop of rising worry over the Coronavirus.
UK equity income market review: Brexit, trade… and the Coronavirus
In common with most major equity markets around the world, UK equity indices fell during January as concerns over the rise of Coronavirus outweighed optimism.
Europe market review: ECB launches review of its monetary policy strategy
The eurozone’s economy expanded by only 0.1% during the fourth quarter of 2019.
12th Feb 2020
UK bond market review: Flight to safety
Gilt yields fell during January as investors sought the perceived safety of government bonds
UK equity market review: The transition period begins
Brexit finally “got done” in January as the UK left the EU on 31 January. However, with a transition period of only 11 months, the Government is now under pressure to negotiate its new relationship wi...
US market review: US and China sign their “Phase One” deal
2020 began with fresh geopolitical tensions amid signs of rising hostility between the US and Iran.
The Week: The UK continues its unloved status
As Valentine’s Day approaches, the UK still can’t find many suitors. The post-election bounce has ebbed and investors are looking at the Brexit negotiations with trepidation.
The Week: Returns in short supply
It’s been a torrid time for short-sellers of Elon Musk’s Tesla as the company has beaten expectations on profits. Does it challenge the concept of short-selling?
5th Feb 2020
Global update: Coronavirus hits investor sentiment
Investor sentiment was initially buoyed in January as the US and China signed their interim trade deal, driving US share indices to new all-time highs.
4th Feb 2020
The Week: The FCA’s new value assessments are soon to be released
The FCA’s new value assessments are soon to be released. But will they do any good?
30th Jan 2020
The Week: Is China’s growth assured?
This week saw the widely-awaited trade deal struck between the US and China.
23rd Jan 2020
US market review: Trade breakthrough?
Signs of progress in the long-running trade conflict between the US and China lifted investor sentiment in the US and around the world during December.
15th Jan 2020
UK equity market review: Brexit’s turning-point
December provided a turning-point for the UK as the Conservative Party won the General Election. Prime Minister Boris Johnson succeeded in securing an 80-seat majority in the House of Commons.
UK equity income market review: A defining moment for Brexit
The UK General Election proved to be a defining moment for Brexit in the UK as Boris Johnson’s decisive victory – with an 80-seat majority – paved the way for his Brexit deal to clear the House of Com...
UK bond market review: Optimism returns as 2019 ends
Investor confidence rallied during December following the Conservative Party’s decisive victory in the General Election.
Global bond market review: Investors eye riskier assets in December
A mood of tentative optimism blunted the attractions of government bonds during December.
Europe market review: Germany puts the brakes on the eurozone
The eurozone’s economy remained sluggish in December as improved activity in the services sector failed to mitigate a deepening contraction in the manufacturing sector.
Emerging markets review: US and China agree “Phase One” trade deal
Investor sentiment was lifted during December by the news that the US and China had reached a preliminary “Phase One” trade agreement in its long-running trade war.
Asia Japan market review: Japan’s consumption tax takes its toll
Japan’s economic expansion proved to be better than first calculated during the third quarter of 2019; however, this better-than-expected performance does not reflect the impact of October’s increase...
Market briefings looking back at December
A selection of articles, written by our expert investment writers that cover the markets looking back through December.
The Week: Fink’s greener future needs governments to play ball
Larry Fink this week committed BlackRock to a greener future. He should have words with the UK government.
Global update: Double-digit gains in 2019
Despite a year that was filled with political and social upheaval – from the trade war between the US and China, through Brexit, to the civil unrest in Hong Kong – many world markets achieved double-d...
9th Jan 2020
The Week: The rise and rise of indexation
As index funds smash records, their influence on pricing in global stock markets is increasing. Can active managers put up a credible defense?
8th Jan 2020
US market review: No resolution to the trade conflict
US share prices were boosted during November by hopes that the US and China might find a resolution to their protracted trade conflict.
20th Dec 2019
UK equity market review: Election dominates sentiment
November in the UK was largely taken up by the impending General Election. Having dominated the headlines for many months, Brexit relinquished the spotlight as the different parties’ manifestos focuse...
UK bond market review: Politics drives gilts in November
UK government bonds experienced a choppy November as General Election campaigning got under way.
Europe market review: Germany avoids recession
The eurozone’s economy almost stalled during November, according to IHS Markit, which reported the lowest level of activity for two months.
Asia Japan market review: Retail sales plummet in Japan
During November, Japan’s government came under intensifying pressure to support the country’s economy by boosting fiscal spending.
Market briefings looking back at November
A selection of articles, written by our expert investment writers that cover the markets looking back through November.
The Week: Back to the races? The Conservative election victory
Markets celebrated the Conservative victory, but have they been premature?
18th Dec 2019
The Week: Better times for the UK market?
With the election looming, the UK markets appear to be pricing in a Conservative victory and fund managers are increasingly optimistic, but is there enthusiasm misplaced?
11th Dec 2019
Global update: Brexit takes a back seat
Although politics continued to dominate newsflow and sentiment in the UK during November, Brexit was superseded by the General Election as the focal point.
10th Dec 2019
The Week: Risk on: 2019 was a bumper year
Against expectations, 2019 has proved a year in which it was tough not to make money. The rising tide of central bank policy floated all boats.
4th Dec 2019
The Week: ESG - a generational change for investment managers
If there has been a defining issue for the fund management industry in 2019, it is ESG.
27th Nov 2019
The Week: What next for equity income?
After recent weak performance, equity income’s position at the heart of a UK portfolio is under threat.
20th Nov 2019
The Week: When is a safe haven not a safe haven?
Is it time to rethink what constitutes a ‘safe haven’ in the current market environment?
13th Nov 2019
US market review: Fed cuts rates for a third time this year
Policymakers at the US central bank opted to cut the key federal funds rate by 25 basis points to a range of 1.5% to 1.75% during October.
7th Nov 2019
UK equity income market review: Underlying dividend growth slows
The FTSE 100 Index fell and its yield rose during October as Brexit uncertainty continued.
UK equity market review: Brexit “flextension”
Seven months after the first Brexit delay, the Hallowe’en deadline came and went with the UK’s Brexit predicament unresolved.
UK bond market review: Teetering on the edge
Having surged earlier in the month, amid rising hopes of a Brexit deal, gilt yields subsequently dipped later in October when it became clear that Brexit remained unresolved.
Global bond market review: Fed cuts rates once again
Following a raft of interest-rate cuts in the third quarter of 2019, the loosening monetary trend continued into the fourth quarter as central banks reduced their key rates.
Europe market review: Waiting for Brexit
The Brexit deadline was shifted once again, this time from 31 October to 31 January 2020. The EU’s chief Brexit negotiator Michel Barnier called for a close post-Brexit relationship between the UK and...
Emerging markets review: China’s slowdown continues
The pace of economic growth in China continued to slow during the third quarter, dampened by the ongoing trade conflict with the US.
Asian Japan markets review: Japan raises consumption tax
Japan’s much-anticipated rise in consumption tax finally took place on 1 October.
Market briefings looking back at October
A selection of articles, written by our expert investment writers that cover the markets looking back through October.
The Week: General Election 2019: the unpalatable economic choice ahead
As a General Election looms, voters face an uncomfortable choice.
6th Nov 2019
Global update: Election fever
October saw the UK plunge into election fever as progress on Brexit once again ground to a halt.
The Week: The future of fund management
ESG may be the saviour of active management, but it’s place in the retail funds industry is still in flux.
30th Oct 2019
The Week: Brexit deal 2.0: the deal that business needs?
A Brexit deal has passed the House of Commons: does this provide much needed certainty for UK businesses?
23rd Oct 2019
The Week: Woodford’s legacy for active management
The demise of Woodford Investment Management is a blow for the whole active industry.
16th Oct 2019
US market review: Fed cuts rates in September
As expected, the US central bank implemented its second cut in interest rates since 2008 during September.
15th Oct 2019
UK equity income market review: Politics dominate in September
UK investors’ attention was largely absorbed by Brexit during September.
UK equity market review: Counting down to Hallowe’en
As Brexit rumbled towards its Halloween deadline, investors’ attention during September was absorbed by a series of political developments.
UK bond market review: Deal or no deal?
Gilts experienced a choppy September as speculation over the likelihood of a Brexit deal ebbed and flowed in response to political developments.
Global bond market review: Further monetary easing in September
Following interest-rate cuts in India, Thailand and New Zealand in August, central banks in Russia and Brazil cut their key interest rates during September.
Europe market review: ECB restarts QE
During September, the European Central Bank (ECB) announced another programme of economic stimulus measures designed to shore up the eurozone’s faltering economy.
Emerging markets review: Trade conflict hits China’s exports
The People’s Bank of China cut its reserve ratio – the amount of cash that banks have to hold in reserve – during September, releasing liquidity totalling 900 billion yuan.
Asian Japan markets review: Japan’s economic growth disappoints
Japan’s second-quarter economic growth proved disappointing for investors, as initial calculations of annualised growth of 1.8% were downgraded to a more muted 1.3%. On a quarter-on-quarter basis, the...
Market briefings looking back at September
A selection of articles, written by our expert investment writers that cover the markets looking back through September.
The Week: As trade talks resume, how optimistic should we be about the prospects for a deal?
As trade talks resume, how optimistic should we be about the prospects for a deal?
9th Oct 2019
Global update: What next for Brexit?
The long-running Brexit saga took a new twist in September as the clock continued to tick towards its Hallowe’en deadline.
3rd Oct 2019
The Week: Does manufacturing matter?
As US manufacturing slides, how important is it for global economic growth? And would trade talks resolve the problem?
2nd Oct 2019
The Week: Is stockpicking enough in a populist era?
Fund managers are fond of emphasising that they focus on stockpicking rather than troubling themselves with the broader macroeconomic landscape.
25th Sep 2019
The Week: Why is the Bank of England not easing?
While the ECB and Federal Reserve are loosening monetary policy, the UK is holding out. Why?
18th Sep 2019
Global bond market review: Bond yields plunge in August
Bond yields slid during August as nervous investors headed for perceived “safe-haven” assets such as government bonds and gold.
16th Sep 2019
Europe market review: Storm clouds gathering over Germany
Confidence over the outlook for Europe’s economy continued to deteriorate during August amid mounting concerns over Germany’s prospects.
Emerging markets review: Renminbi falls to lowest level since 2008
China’s renminbi fell to its lowest level against the US dollar for 11 years during August.
Asian Japan markets review: What next for Japan’s monetary policy?
Japan achieved its third straight quarter of economic growth during the three months to June, growing at an annualised rate of 1.8% and easing pressure on the Bank of Japan to implement further moneta...
Market briefings looking back at August
A selection of articles, written by our expert investment writers that cover the markets looking back through August.
US market review: Fresh salvoes in the US/China trade conflict
The trade war between the US and China continued to rage in August. President Trump revealed further tariff increases on Chinese imports to the US; in response, China announced that it would impose ad...
UK equity income market review: Equity income remains out of favour
Although bond yields have continued to fall to record lows, income-seeking investors do not appear to be moving towards UK equity income, daunted by a backdrop of ongoing political and economic uncert...
UK equity market review: Uncertainties drive down share prices
August proved both busy and controversial for UK investors, and share prices remained unsettled throughout the month.
UK bond market review: Gilt yields plummet in August
Gilt yields plunged during August as nervous investors sought the perceived safety of government bonds and gold.
The Week: Is the elastic about to snap?
The dominance of large growth stocks over unloved value names has proved the John Maynard Keynes adage that markets can stay irrational longer than investors can stay solvent.
11th Sep 2019
The Week: All eyes on UK Parliament
While other things certainly happened this week - sliding global manufacturing, a crisis in Argentina - all eyes were on the UK parliament.
The Chancellor Sajid Javid declared an ‘en...
5th Sep 2019
Global update: Parliament’s suspension creates controversy
The prospect of a no-deal Brexit crept closer during August as Prime Minister Boris Johnson announced that Parliament would be suspended.
4th Sep 2019
The Week: Borisnomics: tax cuts and chlorinated chicken
Should we ever have been in any doubt, it is now absolutely clear that Boris Johnson is happy to take the UK out of the EU on 31 October, with or without a deal. If ‘no deal’ is the final option, can...
29th Aug 2019
The Week: Global dividend growth slips as corporate profits dip
The deceleration in the global economy is making an impact on global dividends, finds the latest Henderson Global Dividend Index.
22nd Aug 2019
UK equity income market review: Weak pound boosts share prices in July
UK equity prices generally rose during July as intensifying speculation over the possibility of a no-deal Brexit drove down the pound’s value against the US dollar and the euro.
19th Aug 2019
UK equity market review: Sterling falls on no-deal speculation
Sterling fell sharply against the US dollar and euro during July as the prospect of a no-deal Brexit began to appear increasingly possible.
UK bond market review: No-deal plans drive down gilt yields
Mounting fears that the UK will leave the EU without a deal on 31 October drove down the value of the pound against the US dollar and the euro during July.
Global bond market review: Central banks around the world cut rates
Investors saw a raft of interest-rate cuts during July, as central banks sought to address slowing economic growth and subdued inflationary pressures.
Emerging market review: China’s slowdown continues
China’s economy continued its slowdown during the second quarter of 2019, expanding at an annualised rate of 6.2%. The country’s economy grew by 6.4% during the first quarter.
Market briefings looking back at July
A selection of articles, written by our expert investment writers that cover the markets looking back through July.
Asian Japan market review: Australia and South Korea cut interest rates
Confidence amongst large Japanese manufacturers continued to deteriorate, according to the Bank of Japan’s quarterly Tankan survey.
Europe market review: Deteriorating outlook for Europe
The outlook for economic growth in the eurozone has continued to weaken.
US market review: Fed cuts rates for the first time since 2008
US equity markets reached new closing highs during July, and the S&P 500 Index breached 3,000 points for the first time ever.
The Week: Yield Curve
The US yield curve has finally inverted. It’s spooked equity markets, but does it necessarily mean recession is imminent?
15th Aug 2019
The Week: A new world order threatens capitalism
After significant falls this week, have markets recognised that China/US trade wars are part of a deeper problem?
8th Aug 2019
The Week: The Fed has bitten the bullet on interest rates
The Federal Reserve has bitten the bullet on interest rates, but will the 25bps rise make any difference to the global economy?
1st Aug 2019
Global update: Possibility of “no deal” moves closer
Boris Johnson beat Jeremy Hunt during July to become the new leader of the Conservative Party and the UK’s new Prime Minister.
The Week: The new PM and UK assets
This week saw Boris Johnson anointed as UK Prime Minister.
25th Jul 2019
The Week: China GDP: time to panic?
There was much hand-wringing this week as China announced the slowest growth in almost 30 years. Should investors be worried?
18th Jul 2019
Adviser-Hub Annual Survey 2019
Participate in the annual Adviser-Hub survey for a chance to win a £250 Amazon voucher. Follow this link to be entered in our free prize draw
16th Jul 2019
The Week: All change at the head of Europe’s institutions
The UK is not the only place undergoing a change of leadership. Europe is in the process of appointing new heads for the European Commission and European Central Bank.
11th Jul 2019
UK equity funds move back into favour
UK share prices rose and equity yields fell in June in the face of ongoing political uncertainty. The unfolding story of Brexit entered a new chapter during the month as the Conservative Party.
10th Jul 2019
Asian Japan markets review: Trade tensions hit growth in Asia
Economic growth picked up in Japan during the first quarter of 2019, despite the continuing trade tensions between the US and China.
Emerging markets review: Trade negotiations reopen
The trade relationship between China and the US continued to dominate investor sentiment during June.
Europe market review: Further stimulus to come?
Following the extension to the Brexit deadline, the European Commission urged companies to ‘take advantage of the extra time” to make their preparations.
Global bond market review: Central banks start to ease
Bond yields continued their decline into June: prices rose as several central banks loosened their monetary policy stance.
UK bond market review: Gradual tightening strategy remains intact
UK government bond yields fell over the first six months of 2019, boosted by rising demand for gilts driven by political uncertainty.
UK equity market review: Political distraction
Three years on from the Brexit referendum – and three months after the Brexit deadline was extended – the issue of Brexit remained unresolved.
UK equity income market update: UK equity funds move back into favour
US market review: Rate cut on the horizon
Trade developments continued to absorb attention during June. Having imposed tariffs on Mexican imports in May President Donald Trump suspended them “indefinitely”.
Market briefings looking back at June
A selection of articles, written by our expert investment writers that cover the markets looking back through June.
The Week: Inflated expectations
Investor expectations have been dialled up by market returns in recent years. Advisers will need to talk them down.
4th Jul 2019
Global update: Brexit: no further forward
The third anniversary of the Brexit referendum came and went in June, and still the issue of Brexit remained up in the air.
Select conference 2019
This year’s Select conference took the temperature of global market stock markets, gathering views from ten leading asset management firms. What were the seven big themes to emerge?
3rd Jul 2019
The Week: Monetary easing resumes: will markets be impressed?
It is deja vu all over again. This week, central banks have hinted at further rate cuts, but is monetary easing losing its potency?
27th Jun 2019
The Week: The platform duty of care
The Woodford problems have raised a number of problems, not least the relationship between platforms and their execution-only clients.
20th Jun 2019
Open-ended funds: beyond redemption?
Open-ended funds aim to hold enough cash in reserve to allow the manager to meet redemptions without having to sell holdings. Problems can arise, however, when the manager is faced with an unexpectedl...
The Week: Is Woodford a victim?
Amid the clamour, there are a number of quieter voices suggesting that Neil Woodford has been poorly treated. If investors had only been willing to be more patient, they argue, it would have come righ...
13th Jun 2019
Asian Japan markets review: Economic outlook dims for Japan
Notwithstanding some encouraging economic data, Japan’s Government downgraded its view on the country’s economy during May.
12th Jun 2019
Emerging markets review: Trade wars bite
Although the US and China had been widely expected to agree a trade deal, US President Donald Trump instead confounded hopes.
Europe market review: Slowing European growth
Although European investors generally welcomed the results of the European Parliamentary elections, share prices across the region generally fell heavily amid concerns over Europe’s economic outlook a...
Global bond market review: Trade conflicts driven down yields
Bond yields fell during May as the trade conflict between the US and China took an unexpected turn.
UK bond market review: Brexit worries fuel demand for gilts
Amid rising speculation over the likelihood of a no-deal Brexit, gilt prices surged and yields plummeted in May as investors scrambled for investments perceived to be safe havens.
UK equity income market review: Brexit drives up equity yields
UK share prices fell during May as Prime Minister Theresa May announced that she would be standing down.
UK equity market review: Brexit tensions intensify in May
Escalating political upheaval knocked investors’ confidence in May, and share prices suffered.
US market review: The “Tariff Man” strikes again
Having hit new highs during April, share prices plummeted in May as the trade war between the US and China took an unexpected turn.
Market briefings looking back at May
A selection of articles, written by our expert investment writers that cover the markets looking back through May.
The Week: Woodford: bad for him, bad for the industry
Many column inches have already been devoted to the Neil Woodford saga, but make no mistake, it is vitally important for investors to take some lessons from the downfall of ‘the greatest investor of h...
6th Jun 2019
Global update: US/China trade war escalates
Prime Minister Theresa May finally announced that she was resigning as leader of the Conservative Party on 7 June. Her decision triggered a leadership contest alongside rising concerns over the possib...
4th Jun 2019
The Week: A revival in Japan?
Against all expectations, the Japanese economy grew at robust pace of 2.1% in the first quarter of 2019.
30th May 2019
What next for Brexit?
After months of political wrangling over Brexit, Prime Minister Theresa May announced that she would stand down as leader of the Conservative Party.
28th May 2019
The Week: Is value emerging in retail property?
The UK’s retail property sector has been tough, but is now attracting interest from across the pond.
23rd May 2019
The Week: Can the US retain its innovation crown?
The long-term outperformance of the US stock market has many possible explanations.
16th May 2019
US market review: US share indices hit fresh highs
Economic growth picked up in the US during the first quarter of 2019. Having expanded by 2.2% year on year in the final quarter of 2018, the US economy grew.
14th May 2019
UK equity income market review: UK dividend growth set to continue
Dividend payouts from UK companies reached a new first-quarter record during the first three months of 2019.
Global bond market review: Europe weakens
Demand for government bonds generally rose during April against a backdrop of intensifying concerns over the global economic outlook.
Europe market review: Eurozone stages a rally
The eurozone’s economy rebounded during the first three months of 2019, posting quarter-on-quarter growth of 0.4%. Italy emerged from recession, supported by export activity.
Emerging markets review: Dovish Fed boosts sentiment towards emerging markets
Sentiment towards emerging markets has improved recently, boosted by a more dovish rhetoric from the US Federal Reserve.
Asian Japan markets review: Bank of Japan provides additional guidance
Japan’s interest rates will remain unchanged until the beginning of 2020 at the earliest, according to the BoJ’s updated guidance.
Market briefings looking back at April
A selection of articles, written by our expert investment writers that cover the markets looking back through April.
UK equity market review: Another six months …
The new Brexit deadline of 31 October has given UK MPs an additional six months to reach agreement.
13th May 2019
UK bond market review: Brextension eases demand for gilts
Demand for UK government bonds slipped during April: prices fell and yields rose as a six-month extension to Brexit allayed investors’.
The Week: Wobbly markets
Markets have been wobbly this week as the China/US truce appeared to be in jeopardy.
9th May 2019
LGIM Talks: Build to rent: Rise of the institutional landlord
LGIM’s Real Assets team return to that famous British obsession: housing.
8th May 2019
Capitalising on China’s consumption shifts
While global issues continue to impact sentiment towards Chinese equities, Dale Nicholls discusses some of the local drivers that are structurally shifting the investment landscape. As consumption con...
6th May 2019
Global update: Brextension
Having delayed Brexit from 29 March to 12 April, Prime Minister Theresa May agreed a new Brexit deadline of 31 October with EU leaders.
2nd May 2019
The Week: Addressing intergenerational unfairness
The House of Lords and FCA are both looking at ways to address financial disparity between generations. Financial advisers may need to take note.
The Week: Is the hedge fund dead?
A few years ago, investors were happy to pay 2% a year, plus a 20% performance fee for access to the top talent in the hedge fund industry.
25th Apr 2019
The Week: Lessons from the Neil Woodford experience
Do Neil Woodford's troubles at Woodford Investment Management hold any lessons for investors?
18th Apr 2019
US market review: Bull market celebrates its tenth birthday
The US bull market became the longest bull market in the history of the S&P 500 Index during March, celebrating its ten-year anniversary on 9 March.
17th Apr 2019
UK equity income market review: “Hope dies last”
Having tried – and failed – to get her Brexit deal through the House of Commons three times, Prime Minister Theresa May was obliged to seek an extension to the Article 50 process.
UK equity income market review: Brexit puzzle remains unsolved
The Brexit conundrum remained unsolved as March drew to a close, and the UK remained in the EU as Brexit Day was pushed out to 12 April. The yield on the FTSE 100 Index declined over March.
UK bond market review: Brexit uncertainties are unresolved
Following Parliament’s rejection of a no-deal Brexit, sterling surged against the US dollar to its highest level since June 2018 and against the euro to its highest level since April 2017.
Global bond market review: European slowdown drives demand for bonds
Fears of an economic slowdown in Europe rattled investors during March, and European government bond yields fell as investors sought perceived safe havens.
Europe market review: European slowdown
Interest rates in the eurozone are not expected to rise until next year at the earliest, according to the European Central Bank (ECB).
Emerging markets review: China cuts economic forecast
China’s leaders cut their economic growth forecast for 2019 to 6% to 6.5%, compared with last year’s target of around 6.5%.
Asian Japan markets review: Clouds over Japan’s economy
Confidence amongst Japanese businesses deteriorated over the first three months of 2019, according to the Bank of Japan’s (BoJ’s) quarterly Tankan survey of business sentiment.
Market briefings looking back at March
A selection of articles, written by our expert investment writers, covering the markets looking back through March.
Trends Evolve. Investments Adapt.
We help our clients see through information complexity to capitalise on the opportunities presented by rapidly changing markets and evolving trends.
11th Apr 2019
The Big Deal about Big Data
Big Data is transforming companies, sectors and the broader economy. Active management has always been about generating an informational advantage. Big Data, with the right human judgement, can help u...
The Week: Why do we still group funds by geography?
In a globalised age, why do we persist in grouping funds by geography?
The Millennial Effect
We believe Millennials are reshaping markets and have the potential to impact businesses across sectors and geographies. Millennials are driving a series of trends that will shape tomorrow’s investmen...
10th Apr 2019
A Better Deal – 2019 Annual Outlook
In this year’s outlook we provide three key reasons why we believe 2019 offers a better deal for investors
Share buybacks: the good, the bad or the ugly?
In this month’s video, Investment Director, Ritu Vohora looks at the recent ‘buyback wave’ fuelled by corporate tax cuts. Do share buybacks only benefit company executives or do they also create long-...
Market Uncertainty ≠ Income Uncertainty
Market volatility is likely to remain elevated in the foreseeable future. We do not believe that this heightened uncertainty coupled with low yields need result in an income dilemma.
9th Apr 2019
Global update: Brexit postponed…
“Brexit Day” – 29 March – came and went, but the UK remained in the EU. The UK was forced to seek an extension to the Article 50 process as Prime Minister Theresa May failed to get her Brexit deal thr...
A Different Perspective
We believe that it is possible to generate consistent alpha, even in the inherently efficient developed markets. However, to do so requires a differentiated approach complemented by diverse skillsets.
8th Apr 2019
The Week: Better times ahead for UK mid-caps
Yesterday’s vote in Parliament came as close as reasonably possible to preventing a ‘no deal’ Brexit scenario. Of course, in the absence of other options, there may still be an accidental ‘no deal’, b...
4th Apr 2019
The Week: Active vs Passive
A new report from BMO Global Asset Management has issued a major challenge to the assumption that passive funds always outperform the average active manager.
28th Mar 2019
Bond Beats #3 Pinewood Studios
In Bond Beats, Baillie Gifford’s High Yield Bond team explains the thinking behind some of their investment decisions. Hollywood, California might be the first location you think of with regard to lar...
22nd Mar 2019
Scottish Mortgage Stock Stories - Spotify
Tom Slater, joint manager of Scottish Mortgage Investment Trust, shares his enthusiasm for Spotify, a subscription streaming business that has grown to be a global product under the guidance of its fo...
The Week: ‘Feemageddon’ warning for asset managers
Today’s headlines warned of a ‘feemageddon’ for asset managers, as a new report showed fees on US equity funds fell to a new record low last year.
21st Mar 2019
MPs vote to delay Brexit
Having rejected the possibility of leaving the EU without a deal, MPs voted by 402 to 202 in favour of requesting an extension to Article 50.
19th Mar 2019
Brexit: where now?
Following the Government’s defeat in the second “meaningful vote” on Prime Minister Theresa May’s Brexit deal, the House of Commons voted by 321 to 278 against leaving the EU without a deal.
18th Mar 2019
Government loses second “meaningful vote”
Having lost the first “meaningful vote” on Brexit by a record margin in January, the Government went on to lose a second “meaningful vote” on Prime Minister Theresa May’s updated Brexit deal.
14th Mar 2019
Spring Statement 2019: Brexit deal holds the key
Having signalled an end to austerity in the Budget of October 2018, Chancellor of the Exchequer Philip Hammond struck a slightly more restrained tone in the Spring Statement of March 2019.
The Week: Brexit, no Brexit
Whatever side you’re on, Brexit means higher costs for asset managers, which means more consolidation
The Week: Women and wealth
There is a huge opportunity for fund managers who can shrink the gender gap, with women increasingly controlling household wealth.
7th Mar 2019
Global bond market review: Italian bond yields rise
Government bond yields in Italy rose sharply during February as a decline in confidence pushed up borrowing costs. Sentiment was knocked by a combination of factors...
UK equity income market review: Brexit question remains unanswered
UK share prices generally rose during February, despite the fact that the pressing issue of Brexit remained unresolved.
US market review: Hopes of a trade deal
US equity markets rose during February as investor sentiment was buoyed by hopes that the US and China will finally manage to reach agreement on their long-running trade dispute.
6th Mar 2019
UK equity market review: The Brexit deadline looms
The UK ended February with the question of Brexit still unanswered. The month was dominated by political newsflow as concerns over Brexit were compounded by the resignation of eleven MPs.
UK bond market review: Brexit “fog”
The possibility that Brexit might be delayed beyond its 29 March deadline drove sterling to its highest level against the euro for almost two years during February.
Global update: The eleventh hour...
With Brexit still unresolved and the clock counting down to the 29 March deadline, Prime Minister Theresa May announced that a second “meaningful vote” on her Brexit deal will be held by 12 March.
Asian Japan markets review: Trade deal hopes boost sentiment
Japan’s benchmark Nikkei 225 Index reached its highest level since mid-December during February, boosted by US President Donald Trump’s decision to delay tariff increases on imports from China.
Market briefings looking back at February
A selection of articles, written by our expert investment writers, covering the markets looking back through February.
LGIM Podcast: In Conversation with Anton Esher, CIO, LGIM
It’s fair to say that growing up in South Africa helped shape Anton Eser into the Chief Investment Officer he is today. Having lived “in one of the emerging markets” through a tumultuous period in tha...
Emerging markets review: End of trade dispute within sight?
Despite signs of an ongoing economic slowdown in China, share prices performed strongly during February. The US announced that it would postpone its planned tariff increases on Chinese exports.
Europe market review: “No breakthrough in sight”
Further “robust but constructive” Brexit talk between Prime Minister Theresa May and European Commission President Jean-Claude Juncker yielded no change in February.
Time to Buy British?
As Norway’s sovereign wealth fund snaps up bargain-basement British assets, is it the start of a tentative revival?
28th Feb 2019
Asian Japan markets review: Subdued outlook for inflation
The outlook for Japan’s key export market appears clouded, dampened by the ongoing trade conflict between the US and China.
25th Feb 2019
Emerging markets review: Trade conflicts pose a risk to growth
After a strong December, emerging markets generated a more muted performance in January. Nevertheless, emerging economies are expected to continue to drive global growth. However, one of the principal...
Europe market review: Headwinds to European growth
Although European stock markets generally rallied in January after December’s sharp falls, investor sentiment was blunted by further signs of economic slowdown. European Central Bank President Mario D...
UK bond market review: May heads back to Brussels
With no sign of a resolution to Brexit, gilt yields seesawed in January. As expected, Prime Minister Theresa May failed to get her Brexit deal through the House of Commons, and ended the month with no...
UK equity market review: Another throw of the dice
January ended without any resolution to the question of Brexit. With only two months left before the deadline of 29 March, investors faced up to the possibility of no deal. Following votes on a range...
US market review: A temporary end to the shutdown
Following its worst December since 1931, the S&P 500 Index experienced its best January since 1987. Investors appeared to shrug off the implications of a protracted partial shutdown of the federal gov...
What’s next for technology?
Technology has undoubtedly been a good investment in recent years, but in a climate of weaker growth, can it sustain its advantage?
21st Feb 2019
AVIVA INVESTORS MULTI-ASSET FUNDS
Our Multi-asset Fund range has been specifically designed to support your business and your clients. It contains five risk-managed funds, globally diversified with the aim of delivering consistent cli...
19th Feb 2019
AIQ issue 007: Ethics & Alpha
AIQ is a digital and print publication that brings together the collective insight of Aviva Investors' teams from across the globe on the key themes influencing investment markets.
In this issue, w...
18th Feb 2019
The intelligence that guides our investment decisions
The Aviva Investors House View document is a comprehensive compilation of views and analysis from the major investment teams. The document is produced quarterly by Aviva Investors investment professio...
Plastic (not so) fantastic
The ultra-long lifespan of plastics is proving an ecological challenge. As consumers become alarmed at the environmental contamination caused by synthetic organic polymers, we look at the alternatives...
Europe real estate outlook: three predictions for 2019
Aviva Investors analysts Souad Cherfouh and Vivienne Bolla discuss the outlook for European real estate.
Sustainable investment needs a helping hand from regulators
Steve Waygood explains how insurers, policymakers and regulators can work together to manage the risks associated with climate change and encourage sustainable investment.
The Week: Markets rebound; but why?
Markets re-found their footing this week with European stock markets hitting a three month high.
14th Feb 2019
The Week: Investor nerves over commercial property funds
Commercial property funds have caught the eye of the regulator again, after nervous investors withdrew £315m from the sector in December. The FCA has asked for daily updates from the funds over fears...
7th Feb 2019
Global update: Brexit: more talk, no action?
Having dominated financial markets in 2018, political issues intensified into 2019 in the UK and the US. The UK inched closer towards the Brexit deadline without any sign of a resolution.
5th Feb 2019
Market briefings looking back at January
A selection of articles, written by our expert investment writers, covering the markets looking back through January.
4th Feb 2019
The Week: Does the future belong to India rather than China?
Martin Wolf wrote in this week’s Financial Times that ‘the future might not belong to China’. Is he right?
31st Jan 2019
Video: 2019 Investment outlook - European Equities
European equities have been heavily sold, are things that bad? Jeffrey Taylor head of European Equities focuses his outlook on the importance of taking a fundamental long-term approach to European equ...
30th Jan 2019
Investment Intelligence Seminars: Round 1
Join Invesco for the first round of the 2019 Investment Intelligence Seminars, as they reflect on what has been a difficult year for most asset classes. Build upon your current knowledge, as they prov...
28th Jan 2019
The Week: UK dividends hit new highs
With the yield on UK shares at a level not seen since the depths of the financial crisis, are investors missing a barg
24th Jan 2019
FTSE 100 celebrates 35 years - a bargain opportunity?
Watch this month’s video where, Investment Director, Ritu Vohora looks at the evolution of the FTSE 100 over the past 35 years and whether UK equities are a buying opportunity.
23rd Jan 2019
Video: Japan: global growth & record profits
Chris Taylor discusses the outlook for Japan, explaining why corporates are producing record aggregate profits and profits growth.
A selection of articles written by our expert investment writers, covering the markets looking back through December.
18th Jan 2019
The clock is ticking
Hot on the heels of its heavy defeat in the “meaningful vote”, the Government survived a vote of “no confidence”. The motion had been tabled by Labour leader Jeremy Corbyn in a move designed to force...
17th Jan 2019
The Week: Is Brexit in the price?
Markets were stable in the face of political turmoil in the UK this week. Does this suggest that Brexit - in all its forms - is in the price?
“Time is almost up”
Having postponed the “meaningful vote” on her controversial Brexit deal by over a month, Prime Minister Theresa May saw it voted down by in the House of Commons by 432 votes to 202, repres...
16th Jan 2019
A Spotlight On: The Sterling Strategic Bond Sector
As of December 2018, the IA Sterling Strategic Bond sector has c.£130 billion of client assets invested across 91 funds. The sector could most simply be characterised as a flexibl...
Emerging Markets: 5 key issues to watch in 2019?
Emerging Markets (EM) debt had a torrid 2018 as global macro risks, softer EM growth and idiosyncratic stories, all repriced relatively expensive valuations at the beginning of the year. Are the new p...
14th Jan 2019
What will make the difference in 2019?
As investors adjust their portfolios for 2019, what will be the key things to watch for the year ahead?
10th Jan 2019
Investment Intelligence Seminars: Round 1 2019
You can now sign up for the first round of our Investment Intelligence Seminars 2019. Make sure you reserve your space!
2018 has been a difficult year for most asset classes as they’ve faced a moun...
8th Jan 2019
Demographics key to the future of real estate
Real estate investors should focus on global demographic trends to ensure their portfolios stand the test of time.
Investment Outlook 2019
Each New Year brings the promise of a fresh start – but for investors, it’s important to understand the global dynamics that have brought us to this point.
How do yesterday’s elections, monetary po...
Global update: 2018: worst year since 2008 for equity markets
2018 proved to be the worst year for global markets since 2008. The MSCI World Index fell by 10.4% over the year as a whole, dragged down by widespread economic and political concerns. Markets seesawe...
7th Jan 2019
The Week: Big trouble in little China
Things are looking increasingly gloomy in China. Should investors be worried about the year ahead?
3rd Jan 2019
GDP: time for reform?
Gross domestic product is our chief measurement of economic health. But GDP is failing to account for the dynamics of modern economies – and some experts are calling for reform.
31st Dec 2018
Behavioural science for financial advisers: an interview with Greg Davies
Greg Davies, head of behavioural science at Oxford Risk, explains how a combination of behavioural science and data-driven risk-profiling tools is reshaping the financial advice industry.
Defensive Returns | Cricket Helmet
22nd Dec 2018
Defensive Returns | Bullmarket
21st Dec 2018
Defensive Returns | QE to QT
Defensive Returns | Drawdowns
While multi-asset managers look to incorporate ever-more complex asset classes in their portfolios, the Baillie Gifford Managed fund sticks to a straightforward approach.
Value | Blue Ted & 2019
“A mood of angst”
As expected, the Federal Reserve (Fed) rounded off 2018 with its fourth interest-rate increase of the year, and its ninth since 2015. Fed policymakers raised the key federal funds rate by 25 basis poi...
The Case for Multi-Asset
People often think about investing in terms of where they need to go but not necessarily how they get there. We think this exposes investors to a range of risks along the way. Multi-asset portfolios e...
20th Dec 2018
The Week: Reasons to be cheerful 2019
2018 hasn’t been a classic year in markets, here are a number of reasons why investors can look forward to 2019 with more enthusiasm.
In yesterday's post we looked at potential deals that could be key for boosting markets in 2019. Today, we look for any central bank doves that might do the same.
Value | Opportunities in 2019
Helping Your Business Grow
Actionable solutions for financial advisers and institutions to strengthen their business.
19th Dec 2018
The Yield Curve: Economic Outlook for 2019
The yield curve gap has been a powerful and accurate predictor of recessions over the last 40 years. This month, we examine the recent movements in the yield curve and the implications of the shape of...
Value | Brexit as a backdrop for Value investing
UK Quality | Staycation
Brexit - now what?
Paul O'Connor, Head of Janus Henderson's UK-based Multi-Asset Team, sifts through the highly complex range of Brexit scenarios following Theresa May's survival as party leader.
18th Dec 2018
Fund Manager commentary - Henderson Alternative Strategies Trust
Global equities remained volatile in November but ended up 1.5% in US dollar terms and 1.6% in sterling terms. Emerging markets led the way, followed by the US and Japan, whereas European and UK equit...
Kepler research - Henderson EuroTrust
We would like to draw your attention to the following commissioned research piece. The research gives general insight into the background of the Investment Trust, and the investment strategy with whi...
Five years on: Janus Henderson Horizon Global High Yield Bond Fund
The Janus Henderson Horizon Global High Yield Bond Fund reached its five year milestone on 19 November 2018. Over that time it has delivered top quartile performance in all five discrete years and is...
The politics of rising rates
Nick Maroutsos, Co-Head of Global Bonds, looks at the factors that are driving the credit cycle. He also explains why he believes the US Federal Reserve will want to avoid moving interest rates into r...
Fund Manager commentary - Lowland Investment Company
At the stock level, the best performer during the month was International Personal Finance, which provides door to door lending in markets, such as Poland and Mexico, to people that would otherwise st...
Fund Manager commentary - Henderson EuroTrust
After a difficult October, November proved to be another challenging month for growth/quality focused strategies, but, helped by a few stock-specific winners, we managed to finish almost in line with...
Fund Manager commentary - City of London Investment Trust
UK equities produced a negative return of 1.6% in November as measured by the FTSE All Share Index. The FTSE 100 Index of large companies, with a negative return of 1.6%, outperformed the more domesti...
Tail Risk Report: December 2018 – what will move?
Janus Henderson’s US-based Multi-Asset Solutions Team present their latest tail risk report, using option market prices to infer expected tail gains and losses for each asset class.
The Big Deal About Big Data
Big Data is transforming our lives. Uncover its potential.
A Christmas Parody: DynAAsties
Please watch our parody trailer inspired by the new BBC documentary: DynAAsties and help us raise money for our team charity, Children with Cancer UK (CwCUK).
Standing on the shoulders of giants
How 2018 taught us about the perils of concentration and what it all meant for equity factors.
US Fed preview: Powell put
Investors are still expecting the US Federal Reserve (Fed) to raise interest rates at its upcoming meeting. But have they scaled back expectations too far for next year?
Asia – The Stars Align – First Quarter 2018
The managers of the Baillie Gifford Pacific Fund and Pacific Horizon Investment Trust discuss why they believe the stars are aligning for the Asia Pacific Ex-Japan region following a period of weak gl...
AVIVA INVESTORS UK PROPERTY FUND
Earning sufficient income without taking an unacceptable amount of risk can seem a daunting prospect. Not least in a world where interest and annuity rates and bond yields are near record lows. Howeve...
AVIVA INVESTORS STRATEGIC BOND FUND
A static fixed income allocation has little chance of out performing in all market conditions. Our Strategic Bond Fund seeks to solve this problem by offering a comprehensive total-return solution, ut...
AIQ issue 006. Beyond the cave
The latest issue of AIQ explores the uses and abuses of data. Our cover story on behavioural finance looks at how digital technologies are helping economists and financial professionals improve decisi...
Brexit scenarios and the art of topiary
With so much still up in the air regarding Brexit, making predictions is difficult – particularly about the future. But we can prepare for a range of different outcomes and market environments, prunin...
QE is dead, long live enhanced forward guidance and reinvestments
Andrew Mulliner, portfolio manager within the Global Bonds team, reveals an inconsistency within the European Central Bank’s decision to end quantitative easing.
The Rhodes Show
Watch M&G fund managers Stuart Rhodes and Alex Araujo discuss big questions facing income investors in the context of rising interest rates and market volatility.
Outlook 2019: Risks and opportunities
Watch M&G fund managers Jim Leaviss, Stuart Rhodes and Tristan Hanson discuss where they see challenges and opportunities, as they reflect on what has been a testing 2018.
Fund update: M&G Global Target Return Fund
In this short update, Tristan Hanson, fund manager of the M&G Global Target Return Fund, discusses the aim of the Fund, as well the recent market environment and his outlook going forward into 2019.
Celebrating one year of listed infrastructure investing
One year on from the launch of the M&G Global Listed Infrastructure Fund, Alex Araujo, fund manager, explores the highs and lows of listed infrastructure over the year and how the Fund has performed a...
UK Quality | The end of easy money?
UK Quality | Brexit
Asian Japan markets review: Japan faces economic headwinds in 2019
Japan’s economy contracted at an annualised rate of 2.5% during the third quarter of 2018, compared with an earlier calculation of -1.2%. Activity was curtailed during the year by a series of natural...
Emerging markets review: Emerging markets underperform over 2018
Emerging markets performed better than broader world markets during December, but underperformed global markets over 2018. Following a protracted war over trade tariffs, China and the US finally agree...
Europe market review: EU initiates Brexit contingency measures
Despite concerns that the eurozone’s economic expansion is showing signs of faltering, the European Central Bank confirmed that its programme of quantitative easing measures was ending at the end of 2...
Global bond market review: Rising risks to sovereign ratings
After a challenging 2018, risks to sovereign ratings are set to intensify in 2019. According to credit ratings agency Fitch, global financial conditions are tightening, political and geopolitical fact...
UK bond market review: Choppy December for UK gilt yields
UK government bonds endured a choppy December as investor sentiment was dictated by Brexit and mounting fears of a no-deal scenario. Parliament was scheduled to hold a “meaningful vote” on Prime Minis...
17th Dec 2018
UK equity market review: Mounting fears of a no-deal Brexit
Newsflow and investor sentiment were dominated by Brexit in December. Having managed to agree a Brexit deal with the EU in November, Prime Minister Theresa May later took the controversial decision to...
UK equity income market review: UK equity yields surged over 2018
UK equity markets continued their downward trend into December amid intensifying speculation over the possibility of a no-deal Brexit. Although the government managed to reach an agreement with the EU...
US market review: Partial shutdown for the US government
Although US equity markets hit record highs during 2018, they ended the year in negative territory, pulled down by concerns over trade tensions, rising interest rates, a partial shutdown of the federa...
10th Dec 2018
Investment themes you can’t ignore
In the eighth in a series of videos looking at the change of investor behaviour over the years and how asset managers have responded, Global Head of Distribution, Jonathan (Joffy) Willcocks revisits p...
9th Dec 2018
UK equity income market review: Brexit hangs in the balance
UK share prices fell during November as months of Brexit negotiation between the UK and the EU finally culminated in an agreed deal.
7th Dec 2018
UK bond market review: Brexit: decision time
UK government bonds and the pound remained hostages to Brexit in November as the UK finally agreed a Brexit deal with the EU.
Global update: Deal or no deal … or no Brexit at all?
Months of Brexit speculation and uncertainty came to a head in November as the UK and the EU finally succeeded in reaching a Brexit deal.
Global bond market review: Brexit sentiment drives European bond yields
European government bond yields rose sharply in November on the news that the UK and EU had finally managed to thrash out a Brexit deal.
Europe market review: Italy remains defiant
Brexit moved closer to a resolution during November as the EU and UK reached agreement on a deal; however, there are considerable doubts whether the deal will be ratified by the UK Parliament.
Emerging markets review: Investors hope for trade resolution at G20
Emerging markets generally performed more strongly than the broader global equity market during November, boosted by hopes that the US and China might resolve their ongoing trade dispute at the G20 su...
Asian Japan markets review: Natural disasters dampen Japan’s growth
Japan’s economy shrank during the three months to September, contracting at an annualised rate of 1.2%. Spending and export activity were hampered over the summer by a series of natural disasters.
A selection of articles, written by our expert investment writers, covering the markets looking back through November.
The Week: Is value back for good?
It is almost a decade since value investing was in the ascendancy, yet the past couple of months have seen a snap-back for the strategy. Can it last?
6th Dec 2018
The Week: Santa rally ahead?
It’s a festive tradition to discuss the prospects for a ‘Santa rally’ – will markets deliver this year?
A Santa rally has happened 84% of the time...
29th Nov 2018
Fund Manager Commentary - Henderson EuroTrust
October was a tough month in every respect for both markets and the fund. Although we had been quite cautious
26th Nov 2018
The Week: The value of dividends in a difficult climate
Stock markets may be bouncing around, but it looks like a good year ahead for income seekers as Janus Henderson forecasts record dividends in 2019.
22nd Nov 2018
Bespoke managed portfolios
Risk-targeted portfolios constructed to achieve specific outcomes<br />
Consistent with advisers' risks grading tools<br />
Operate across a range of administrative platforms<br />
16th Nov 2018
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US profits are booming, but could be set to change radically. We believe that an earnings recession is almost inevitable in 2020, even if the US Federal Reserve (Fed) can engineer a soft landing.
Hoping not to get behind the curve...
How is Brexit impacting the Bank of England's reaction function? For my latest thoughts, here is a clip from CNBC.
Midterm elections, strong fundamentals and a Santa rally?
Equities tend to rally into year end, and particularly in years with US midterm elections. While this could easily be a statistical fluke, we also see fundamental reasons to buy stocks at this point a...
Emerging or sub-merging? The impact of currency on returns
When investing in local currency emerging market debt, currency risk can improve returns. But it can also erode performance in times of stress. Understanding how active managers handle this risk is cr...
Investment Outlook: Q4 2018
Our quarterly outlook provides a representative summary of our views across asset classes. The global economy has been slowing and our proprietary leading indicator suggests this will continue. While...
UK Alpha Fund
A core UK equity fund, it seeks outperformance of 3-5% per annum above the FTSE All-Share Index through investing in a high-conviction portfolio of attractively valued, quality businesses
Diversified Income Fund
A defensive return fund aiming to provide an attractive level of income with growth over the long term, through an actively managed defensive portfolio. It targets an attractive, sustainable yield of...
Cautious Managed Fund
Managed using a contrarian/value approach, the Fund blends undervalued, out-of-favour equities with complementary assets, seeking to dampen volatility and provide attractive risk-adjusted returns. The...
Populism, Brexit, the Eurozone: How have Geopolitical risks evolved since the beginning of the year?
Risks: Part 1
If bond yields move higher, is this the first domino to go?
Risks: Part 2
Are we in the most hated bull market of all time?
Looking through the bad news, opportunities are out there – it’s about picking and choosing your fights.
Investec Cautious Managed Fund
Watch Portfolio Manager Alastair Mundy’s update on the Fund covering the second quarter of 2018.
Investec | Investec UK Alpha Fund
Watch Portfolio Manager Simon Brazier’s update on the Fund covering the second quarter of 2018.
Investec Diversified Income Fund
Watch Portfolio Manager John Stopford’s update on the Fund covering the second quarter of 2018.
Investec | Investec Multi Asset Protector Fund
Watch Portfolio Manager Iain Cunningham’s update on the Fund covering the second quarter of 2018.
A Guide to Defensification
'Defensification' is the holistic investment approach to defensive returns that we apply to the Investec Diversified Income Fund.
A Guide to Defensification Chapter Two
Chapter 2 of Investec Asset Management’s Guide to Defensification see the managers behind the Investec Diversified Income Fund continue to provide insight around their approach to running this defensi...
Investec’s Quality Funds seek to provide sustainable long-term outcomes for investors by investing in world leading companies with sustainable competitive advantages. Investors can access Investec’s Q...
We offer strategies across the full spectrum of asset classes, including equities, bonds, property, alternatives and cash, as well as multi-asset strategies tailored to the needs of retail investors.
Investors entering retirement may be tempted to look to higher-yielding assets to boost their income. But could this result in greater concentration risk? And might dividends be more stable than equit...
Do Italian BTPs* present an opportunity or a threat?
Five months is a long time in Italian politics. Back in June, we observed that Italy was too big to fail, but also too big to bail. We were also waiting for the almost inevitable clash with the Europe...
The show must go on
How much negativity about leaving the European Union is priced into the current level of sterling?
Webcast: M&G Emerging Markets Bond Fund
Join us on Thursday 25th October at 10am where we will discuss the M&G Emerging Markets Bond Fund with the deputy fund manager, Charles de Quinsonas. During the webcast, Charles will be asked his view...
Register now – Learning Matters Seminars 2018
Please join us for Majoring on the Macro, a series of CPD-accredited seminars. M&G’s Julian Hince will present on the macro-economic outlook for the global economy, as well introduce ESG investing. Ac...
Stocks, bonds and Brazil’s election. Two sides of the same coin
One candidate has been stabbed and a former potential one is in prison. It is not a movie but the run up to a general election in the world’s eighth largest economy, and one that can set the mode for...
Face behind the fund: M&G Emerging Markets Bond Fund
In this short video discover more about the face behind the M&G Emerging Markets Bond Fund. Claudia Calich, Fund Manager, discusses her career and experience, as well as reviewing the first half of 20...
M&G Episode Income Fund
Square Mile's Alex Farlow discusses M&G Episode Income Fund.
M&G Global Dividend Fund
Square Mile's John Monaghan discusses M&G Global Dividend Fund.
M&G Emerging Markets Bond Fund: Square Mile Talking Factsheet
Square Mile's Amaya Assan discusses M&G Emerging Markets Bond Fund.
M&G UK Inflation Linked Corporate Bond Fund
Square Mile's Victoria Hasler discusses the M&G UK Inflation Linked Corporate Bond.
US investors trump Europeans in sustainability league table
September 2018 - A global study spanning sustainable consumer habits and investing actions ranks Indonesia top with the US the only developed market to feature in the top 10.
What is the best way to receive an income from my investments?
July 2018 - Investors relying on their portfolio to replace traditional sources of income can choose “natural income” or “decumulation”. Each has its merits.
The potential income shock awaiting pension savers
July 2018 - A global study of investor attitudes finds that those close to retirement expect to replace 74% of their salary when they give up work. The reality for those already retired is very differ...
Investment Trusts explained
Investment trusts are fast-becoming a popular choice among those looking to take advantage of a trust’s distinct investment powers.
Empowering investors through intelligence
At the heart of investIQ is a short test developed by behavioural scientists that will help your clients understand their investment personalities. In less than 8 minutes, they will get a detailed rep...
The Week: Deal, but no cigar
We have a deal on Brexit, but it appears to have resolved little about the future EU/UK relationship. It’s likely to be business as usual for UK assets
15th Nov 2018
Market briefings looking back through October
13th Nov 2018
Which Regions offer the Best Factor Returns
While factor return products are becoming more and more popular, investors may be interested if factor returns are higher in certain regions than others. This month, we investigate the size of factor...
12th Nov 2018
US market review: US equities plummet in October
Financial markets experienced a volatile October and the S&P 500 Index experienced one of its worst Octobers since 1928 as investors became increasingly concerned about the outlook for global economic...
9th Nov 2018
UK equity income market review: Record Q3 for UK dividends
Concerns about Brexit, global economic growth, geopolitical issues and monetary tightening undermined investors’ confidence during October and share prices generally fell.
Global bond market review: A choppy month for bond investors
A turbulent October sent investors scrambling for the perceived safety of “haven” assets such as the Japanese yen, US Treasury bonds, and gold.
Emerging markets review: Clouded outlook for emerging markets
The IMF expressed concern over the outlook for emerging markets during October: as monetary policy continues to normalise in advanced economies, capital inflows to emerging economies could start to de...
Asian Japan markets review: Asian markets drop in October
Asian equity markets generally posted sharp declines during October. Nevertheless, Asia continues to drive global economic growth.
Global update: October’s global sell-off
October proved a torrid month for investors as equity markets fell heavily. The global sell-off was attributed to a range of factors, including concerns over Italy’s budget, wider worries about Brexit...
Europe market review: Europe: “a bunch of uncertainties”
European equity markets fell during October against a backdrop of intensifying worries relating to the impact of rising protectionism, Brexit and concerns over Italy's budget.
UK equity market review: A Brexit deal remains elusive
UK share prices fell sharply during October as investors became increasingly rattled by a combination of factors, including concerns over global growth and worries over Brexit.
UK bond market review: Gilt yields tumble in October
Turmoil in global financial markets and sharp losses in equity markets drove up demand for gilts during October, leading to a decline in gilt yields.
The Week: US Midterms - a check on Trump's power
Trump’s unique brand of rhetoric failed to chime with voters in the mid-terms – what does it mean for investors?
Markets have rallied since the mid-term elections...
8th Nov 2018
The Emerging Markets Forum
Notes from The Emerging Markets Forum 2018
The Emerging Markets Forum brought together five leading asset managers, for in-depth discussions on the key dynamics at play within the asset class. Foll...
The Week: Why was the budget so boring?
The 2018 Budget was boring, even by the standard of recent budgets, but the constraints of Brexit make it difficult to implement any radical ideas
1st Nov 2018
The Chancellor hands out short-term Halloween treats for government departments, but the spectre of Brexit still looms large, says Schroders Senior European Economist, Azad Zangana
30th Oct 2018
Budget 2018: the end of austerity?
The era of austerity is coming to an end, according to Chancellor of the Exchequer Philip Hammond. Government spending is set to pick up, boosted by a better-than-expected outlook for economic growth...
The Week: Has the US economic miracle come to an end?
The volatility in markets this week appears to have been caused by a belief that the US economic miracle is about to come to an end. Trump only has himself to blame
25th Oct 2018
US market review: Sharp falls in US share prices
Having risen by over 25% over 2017, the Dow Jones Industrial Average Index fell during February to levels last seen at the end of November.
23rd Oct 2018
US interest rates reach a ten-year high
The US Federal Reserve raised its key federal funds rate by 0.25 percentage points to a range of 2% to 2.25% at its September monetary policy meeting. The unanimous decision represented the third incr...
19th Oct 2018
How should families discuss their finances?
We are seeing the largest inter-generational wealth transfer in history - an increase of 66% in the United Kingdom over the next 10 years to £115 billion in 2027¹, according to the Cen...
18th Oct 2018
The Week: Tough times for UK equities
After a difficult run for UK equities, investors need to believe that neither a Labour Government nor a no deal Brexit is a possibility.
A combination of a no-deal Brexit and a Labour government...
How share buybacks can boost returns
Companies regularly change their total amount of shares-in-issue through new share issuances or share buybacks. This month, we examine if changes in shares-in-issue have an impact on future returns. W...
16th Oct 2018
The Week: Wobbly times
Stock markets have started to wobble. A sell-off in Asia has spread across the globe. Having been talked about for months, is the sell-off finally here?
The catalysts for the sel...
11th Oct 2018
A selection of articles have been written by our expert investment writers that cover the markets looking back through September.
9th Oct 2018
Impact investing: the future of active management?
Investing for good is a fast growing trend – and one worth exploring for any professional or private investor.
Many savers feel passionate about protecting the environment - in particul...
Fed tightens rates
US Treasury bond yields increased as investors awaited the next development in the trade war between the US and China. The yield on the ten-year Treasury bond rose as high as 3.1%, b...
5th Oct 2018
Brexit dominates in September
Brexit continued to overshadow sentiment in the UK during September as the EU rejected Prime Minister Theresa May’s Chequers Plan. The post-Brexit position of Northern Ireland...
Inflation picks up in Japan
as expected, the Bank of Japan kept its monetary policy unchanged in September, maintaining its short-term interest rate target at minus 0.1% and an annual target of around 80 trilli...
China accuses US of “trade bullyism”
The trade war between the US and China continued to escalate during September. Following the US’s imposition of levies on US$200 billion-worth of Chinese products, China announ...
Italy’s spending plans raise eyebrows
Having recovered slightly during September, share prices in Italy fell heavily at the end of September as Italy’s government raised eyebrows with a controversial budget. The go...
Brexit enters the last six months
Gilt yields rose during September as the Brexit negotiation process moved towards its final six months and a summit in Salzburg ended without a deal. The IMF concluded its annual assessment of the UK...
"Moment of truth"?
With six months to go until Brexit takes place, the negotiation process stalled in Salzburg as the EU rejected Prime Minister Theresa May’s Chequers plan. European Council Pres...
4th Oct 2018
Tit-for-tat trade war continues
As the trade war between the US and China rumbled on, the US imposed tariffs of 10% on US$200 billion-worth of Chinese products, rising to 25% on 1 January next year, and China retal...
The Week: A decade on from the financial crisis, how do the banks look today?
On a total return basis, the FTSE All Share is up 139% over the last decade to end September. In contrast, the FTSE All Share Banks Index is down -6%
Banks account for 11.9% of the FTSE 100, 12.2...
Global update: EU rejects Chequers plan
he possibility of a hard Brexit came more sharply into focus during September as an EU summit in Salzburg rejected Prime Minister Theresa May’s Chequers plan. European Council (EC) President Don...
2nd Oct 2018
The Week: The Fed tightens rates, but do money markets share its optimism?
As the Fed hikes rates once again, and predicts more rises this year and next, the yield curve continues to flatten.
27th Sep 2018
Active or passive: the right strategy for your firm and your clients
In an age where IFAs increasingly look to partner with online investment management services to combat robo creep, the question remains, active or passive – which strategy is right for your firm...
Video: European equities H2 outlook: valuation support & record discounts
Rob Burnett explains why, given the recent market stresses in Europe, the absolute and relative return potential is strong.
26th Sep 2018
Financial advisers are under-engaging with HNW clients
A new report from Oppenheimer and global research firm CoreData Research suggests advisers are missing an opportunity to build long-term relationships with families as wealth transitions across genera...
25th Sep 2018
The below selection of articles have been written by our expert investment writers and cover the markets looking back through August.
Asia Japan markets review
A new Prime Minister for Austral...
20th Sep 2018
The point of impact
Stephanie Sotiriou, senior investment manager and ethical specialist at TAM Asset Management, talks to Adviser-Hub about impact investing and how advisers should position with clients.
The Week: As the China/US trade war escalates, what will bring it to an end?
The US/China trade war accelerated again this week.
The Week: The pace of change
A messy week in the retail sector should remind investors that structural change is a prolonged and difficult process.
13th Sep 2018
Video: Emerging markets: Will dollar strength derail the recovery?
Ewan Thompson explains why dollar strength is an important indicator for emerging markets, which have weathered the recent volatility well.
11th Sep 2018
The Week: What does good diversification look like?
Diversification used to be easy. Investors just had to mix equities and bonds. Not so today, as the influence of passive funds and monetary policy weighs on markets.
6th Sep 2018
S&P 500 achieves its longest-ever bull run
The S&P 500 Index achieved its longest bull market in history, superseding the previous record of 3,452 days that was set during the technology boom of the early noughties. The US r...
5th Sep 2018
Consumer confidence dips in Europe
Share prices dipped across European markets at the end of August following the news that consumer confidence in the eurozone had posted a sharp drop. According the European Commission (...
A tough month for emerging markets
Emerging markets generally fell during August, undermined by an increasingly hawkish US central bank, a strengthening US dollar and unease over escalating trade tensions. The Turkish li...
A new Prime Minister for Australia
The share prices of larger companies performed better than their medium-sized counterparts during August. Over the month as a whole, the Nikkei 225 Index rose by 1.4%, while the Topix I...
US yield curve flattens
As the US yield curve has continued to flatten, some officials at the Federal Reserve (Fed) are monitoring its trajectory for evidence of economic downturn. In the past, narrowing sprea...
Brexit affects investor sentiment
Gilt yields declined during most of August, but rallied towards the end of the month amid speculation that BoE Governor Mark Carney might be requested to stay on beyond the end his term...
Brexit concerns intensify
Amid mounting fears that the UK might have to exit the EU without a deal, the pound wobbled during August, dipping below US$1.27 against the US dollar for the first time in over a year....
UK equity yields rise in August
UK equity markets declined during August as investor sentiment was undermined by escalating concern that Brexit might actually take place without the UK and EU reaching a deal. The yiel...
Global update: What's next for Nafta?
Trade talks took a fresh turn during August as the US and Canada failed to reach agreement over the renegotiation of the North American Free Trade Agreement (Nafta).
Is the US hot or not?
The Federal Reserve isn’t worried about the US overheating, but should investors be concerned?
30th Aug 2018
The Week: A bumper year for global dividends, but what about the UK?
The latest statistics from the Janus Henderson Global Dividend index show payouts improving across the globe, but the UK appears a notable laggard.
23rd Aug 2018
Do Stock Market Corrections Lead Recessions?
Investors will be aware that the current 10-year bull-run within the stock market is one of the longest in history. This period of positive performance has coincided with growth in western economies t...
21st Aug 2018
The Week: Turkey: an idiosyncratic problem or a threat to wider emerging markets?
Turkey has seen a temporary resolution to its current crisis with the injection of $15bn of Qatari cash, but it is still in crisis
16th Aug 2018
UK equity income market review: Mining sector fuels Q2 dividend growth
The second quarter is an important one for UK equity income investors, as it accounts for one-third of total annual dividends. Underlying dividend growth rose at an annualised rate of 7.1% during the...
14th Aug 2018
Global bond market review: Trade fears stoke bond yields
Global bond yields generally rose during July as escalating trade tensions undermined investors’ confidence. Nevertheless, despite concerns over the possible impact of the deepening trade wars, Federa...
Asia Japan markets review: Trade fears dampen confidence
Concerns over the impact of trade wars is starting to affect confidence amongst Japanese companies, according to the Bank of Japan’s quarterly Tankan survey of business sentiment. O...
Emerging markets review: No winners in a global trade war
During July, President Donald Trump imposed US$34 billion in tariffs on Chinese goods, prompting China to respond with US$34 billion of levies on US imports. The US announced plans to imp...
Europe market review: Junker and Trump discuss trade
As the US imposed controversial tariffs on Chinese imports – and China responded in kind – President Donald Trump met with European Commission President Jean-Claude Juncker. The two parties agreed to...
9th Aug 2018
US market review: Trade tariffs start to bite
Some US businesses have “scaled back or postponed” plans for capital spending amid mounting concern over the potential consequence of President Donald Trump’s controversial new trade tariffs. Accordin...
Global update: Deal or no deal?
Investors became increasingly preoccupied by the possibility of a “no-deal” Brexit during July as the UK’s Parliament broke up for the summer recess.
The Week: Is Musk going private? The implications for public markets
Elon Musk has said he is considering taking Tesla private. Does this say something about the constraints investors are placing on company management?
10 Reasons to use a Financial Adviser
A good financial adviser can be the difference between financial well-being and financial stress. You know that, but sometimes potential clients can take a little persuading. With this in mind, we've...
A selection of articles written by our expert investment writers, covering the markets looking back through July.
UK bond market review: Sterling wobbles in July
Gilt yields rose and gilt prices fell during July amid expectations that the Bank of England (BoE) would increase its key interest rate at the Monetary Policy Committee’s (MPC&rsquo...
UK equity market review: Brexit pressure builds
With less than eight months to go before the UK leaves the EU, the possibility of a “no-deal” Brexit became a hot topic during July. The Government was thrown into disarray ea...
Eurozone inflation: are investors ignoring the balance of risks?
The consensus view on inflation is that it remains weak. As explained in this article, the risks to this consensus view whilst fair, are growing. The key factor going forward will be the extent to whi...
6th Aug 2018
5 years of contrarian investing
Watch Stephen Anness and Andrew Hall, managers of the Invesco Perpetual Global Opportunities Fund, reflect on their first five years of stewardship. They discuss the contrarian investment philosophy s...
Henleys Fixed Interest
The Henley Fixed Interest team comment on the recent equity market moves.
Market update for Asian Equities and Fixed Interest
Asian equity markets do not appear overvalued but gains are likely to be lower and more volatile from here.
Diversify Your Portfolio with Liquid Alternatives
Understanding potential benefits and risks associated with these strategies could prove critical when investing in this area of the market.
Is it time to de-risk? Why hasn’t inflation picked up? What tech trends are emerging from Silicon Valley? Visit GSAM Viewpoints as we discuss the themes impacting today’s global markets.
GSAM Quarterly Investment Outlook 3Q17
Access our new Quarterly Investment Outlook to learn why we think the current period of economic expansion will continue and what that means for the markets.
Fidelity Multi Asset podcast: Market disconnect - time to tread carefully
James Bateman, CIO Multi Asset, Markets Analyst Charlotte Harington, and Portfolio Manager Eugene Philalithis explain why there’s a shift in sentiment over Europe and try to square the mixed messaging...
Investment Outlook: Q3 2018
The global economy is sending conflicting signals. The outlook across markets is finely balanced and arguments can be made for both risk-on and risk-off views. We aren’t forecasting the end of the cyc...
AVIVA INVESTORS - Gilded youth driving change in emerging markets
The rise of the newly-affluent millennial generation is disrupting traditional industries in emerging markets – and bringing new risks and opportunities for investors.
AVIVA INVESTORS - Traditional income investing to be tested in 2018
Traditional sources of income have had a comfortable ride in recent years, but this year is likely to prove more challenging, writes Gavin Counsell.
AVIVA INVESTORS - Fixed income: bear necessities?
As the prolonged era of extraordinary monetary policy winds down, our fixed income fund managers consider what investors should look out for in 2018.
AVIVA INVESTORS - AIQ issue 005. Millennials: the fall and rise of Generation Y
We all know what millennials are like, don’t we? The generation born between 1981 and 2000 have been characterised as workshy narcissists who would rather dine out on expensive avocado brunches than s...
AVIVA INVESTORS - The intelligence that guides our investment decisions
BAILLIE GIFFORD - Our Events
Please click here to find a schedule of upcoming events in 2020 where you can meet Baillie Gifford staff. This schedule will be updated throughout the year.
Your client can invest in our extensive range of OEICs.
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The Portfolio Construction Files
Markets have been volatile since the start of 2018, bringing greater focus onto the asset mix in client portfolios. Michael Gruener, Head of BlackRock EMEA Retail, discusses what clients have been tel...
Weekly global commentary
Read more in our weekly market commentary.
A brief overview of index investing.
After speaking to more people about their finances than ever before, BlackRock has been able to gain a fascinating insight into the minds of savers and investors.
Regular insights from leading BlackRock thinkers on the industry, retirement, markets and more.
'How can Exchange Traded Funds help me and my clients?
Under RDR and against a background of significant challenges for private investors and their advisers seeking effective solutions to their investment needs, you may want to consider Exchange Traded Fu...
RDR Investment Solution
BlackRock Consensus Funds are a range of five independently risk-rated, core asset allocation-portfolios that invest in our range of index funds. Catering to a variety of risk appetites, each Fund inv...
Over the course of the year Invesco hosts a number of CPD accredited events to keep you up-to-date with its funds and market views.
Invesco Perpetual’s Open Investment Meeting
Join us at the first Open Investment Meeting of 2018, where you’ll hear the latest regional outlooks and asset class views of our key investment professionals.
Friday 16 March
Venue: Four Seasons...
Investment Intelligence Seminars Round 1 2018
You can now sign up for the first round of our Investment Intelligence Seminars 2018. Make sure you reserve your space!
Can Goldilocks continue?
In this round we provide our outlook for global...
US GDP: keep dancing while the music is playing?
Is US GDP running at over 4% encouraging or scary? On the one hand it seems that the engine of the world economy is in rude health; but it may also accelerate the pace of interest rate rises and haste...
2nd Aug 2018
The Week: False hope on UK assets
While international fund managers seemed to give the UK market a tentative thumbs up, it is not a ringing endorsement.
25th Jul 2018
The Week: Inflation statistics: another gloomy sign?
This month’s inflation data undershot. Another reason to be gloomy about the UK’s prospects?
19th Jul 2018
A selection of articles written by our expert investment writers that cover the markets looking back through June.
16th Jul 2018
Global bond market review: Rising demand for “safe havens”
Demand for investments perceived to be “safe havens” – such as US Treasury Bonds, the Japanese yen and the Swiss franc – was boosted during the month by concerns o...
US market review: “Losers on both sides”?
Trade dominated newsflow and sentiment in the US during June. Investors endured a lacklustre month as financial markets reacted to the latest moves from the US Government and its key trad...
UK equity market review: “Cards on the table”
UK equity markets were blighted during June by Brexit, amid rising concerns over the UK’s lack of progress as the deadline moves closer. EC President Donald Tusk called on the UK to...
UK equity income market review: Brexit continues to cast a shadow
Although escalating trade tensions dominated global investor sentiment in June, the UK also had to contend with Brexit-related issues against a backdrop of criticism over the Government&r...
UK bond market review: UK rates to rise in August?
June proved to be another uneven month for UK government bonds. Investor sentiment was at the mercy of macroeconomic factors, from US President Donald Trump’s introduction of puniti...
13th Jul 2018
Europe market review: ECB unlikely to raise rates before summer 2019
Although the eurozone’s rate of inflation has moved closer to target, the ECB does not expect to tighten interest rates until “at least through the summer of 2019”. Else...
Emerging markerts review: Sino-US relations continue to sour
June proved to be a challenging month for emerging market investors as trade tensions between the US and China continued to escalate. Following US President Donald Trump’s decision...
Asian Japan Markets Review: Trade wars cloud the outlook for exporters
Escalating trade wars between the US and some of the world’s largest economies have raised fears that new trade tariffs could undermine the economies of major exporting nations in A...
The Week: The US: how long can the party last?
The US market has been labelled over-valued, over-concentrated and over-indebted, but still it continues to rise. What might disrupt its trajectory?
12th Jul 2018
Why Do Factor Returns Exist?
The reasons for the existence of factor premiums is hotly debated. Those in the mispricing camp believe that factor premiums exist because investors misprice stocks, while those in the risk-based camp...
11th Jul 2018
The Week: Will the World Cup boost Russian growth?
Does hosting a major sporting event boost economic growth?
4th Jul 2018
Trade tensions intensify
Financial markets in June were soured by the rapidly deteriorating trade relationship between the US and China. The IMF warned that the US’s aggressive trade strategy risked harming the global economy...
2nd Jul 2018
The Week: Talking bulls
The US bull market is on course to be the longest in history, but that inevitably means it is closer to the end that the beginning.
The US bull market has just 53 days left to beat the longest...
28th Jun 2018
The Week: The £100bn opportunity for asset managers
While fund managers scout around for the next big thing, the real answer to increased flows may be right in front of their noses.
21st Jun 2018
FOMC raises rates at their June meeting
US Federal Reserve (Fed) policymakers raised interest rates for the second time this year, increasing the key federal funds rate by 0.25 percentage points to a range of 1.75% to 2%. The decision was w...
18th Jun 2018
The Week: Why are global investors moving back to the US?
Valuations are expensive, there’s an unpredictable egoist in charge of the economy and stock market growth has been heavily geared to a number of companies whose moral position now looks dangerously i...
14th Jun 2018
Do Factor Returns work in Large Caps?
Smart beta and factor return strategies tend to invest in the liquid, large-cap segment of the market, ensuring that the products are scalable. The downside to this strategy is that large caps receive...
12th Jun 2018
Asian Japan markets review: Asian economies vulnerable to trade tensions
Economic growth in Asian countries – particularly Singapore and Hong Kong – is still heavily reliant on merchandise exports, according to Moody’s Investors Service, and e...
11th Jun 2018
Emerging markets review: Argentina raises rates to 40%
Sentiment towards emerging markets was undermined during May by speculation that US monetary policy is likely to tighten more aggressively than previously anticipated, and by escalating co...
Europe market review: EU hit by US levies
Trade tensions and political instability unsettled European investors during May. Markets were dealt a blow by the news that US President Donald Trump had decided, after all, to impose tar...
Global bond market review|: Political turmoil in Italy
Having breached 3% for the first time since 2011 in April, the ten-year US Treasury Bond yield rose above 3.10% in May. As the month progressed, however, Treasury bond yields subsided, dam...
UK equity income market review: UK equity indices rise above the tension
Despite escalating trade tensions, uncertainties over Brexit, and political instability in Italy, UK equity markets rose during May. The FTSE 100 Index increased by 2.2% and reached a new...
US market review: Escalating trade tensions
The prospect of global trade wars moved closer during May. The US announced that it would start imposing tariffs on steel and aluminium imports from the EU, Canada and Mexico, and also on...
8th Jun 2018
UK equity market review: Macroeconomic issues drive sentiment
UK equity markets rose over May as a whole, but investors’ attention was absorbed by Italy’s ongoing political problems, question-marks over the UK Government’s commitmen...
UK bond market review: Gilt yields driven down by demand for safe havens
UK gilts experienced a choppy month during May. The yield on the benchmark ten-year government bond rose above 1.55% during the middle of the month, but plummeted towards the end of May as...
The Week: Is the recent emerging market decline terminal?
Emerging markets have suffered over the past few months, as the Dollar has strengthened and US bond yields have risen.
7th Jun 2018
What are the big questions troubling business owners?
Google acts as doctor, therapist and now as management consultant as small business owners seek answers
Small business owners make extensive use of the search engine to solve business problems...
Global update: Trade wars on the horizon
Corporate news took a back seat during May as political developments directed investor sentiment. The possibility of an international trade war moved closer during the month as the US pres...
4th Jun 2018
A regulatory framework for the digital era?
Despite GDPR now a reality, many UK businesses still have their head stuck in the sand rather than face the reality. Paul Holland, CEO of cyber security innovator Beyond Encryption, considers how GDPR...
31st May 2018
The Week: La Dolce Vita?
Markets have been soothed by Italy’s apparently successful bond auction. Are they too quick to revert to business as usual?
The Week: Is there any hope for the High Street?
t was another grim week for the UK high street. M&S looks set to tumble out of the FTSE 100 as it announced falling profits.
24th May 2018
23rd May 2018
US market review: Strong beginning to the Q1 earnings season
Strong first-quarter earnings reports provided a boost for investors who have been distracted by ongoing political developments and concerns over possible trade wars. Of the companies th...
22nd May 2018
UK equity market review: Corporate activity dominates the FTSE 100
UK markets in April were notable for a flurry of corporate activity that was concentrated in the FTSE 100 Index, and large companies generally outperformed their medium-sized counterpart...
UK bond market review: UK economic growth disappoints
Mounting speculation over inflation drove up government bond yields around the world in the middle of April, and the benchmark UK gilt yield closed as high as 1.54% during April. Sterlin...
Global bond market review: 10-year Treasury bond yields breach 3%
The ten-year US Treasury Bond yield rose above 3% for the first time since 2011 during April, stoked by mounting concerns over the outlook for inflation. The price of oil continued to cl...
Europe market review: ECB remains supportive
During April, the ECB confirmed that it would continue with its planned programme of monthly bond purchases until the end of September, and that asset purchases would carry on beyond thi...
21st May 2018
Emerging markets review: Oil price continues its rise
China posted encouraging annualised economic growth of 6.8% during the first three months of the year, beating the official target of “around 6.5%”. Nevertheless, there are p...
Asian Japan markets review: Ongoing concern over trade tensions
Confidence amongst large Japanese manufacturers deteriorated during the first quarter of 2018, according to the Bank of Japan’s (BoJ’s) quarterly Tankan survey. Meanwhile, Ja...
The Week: Curtains for emerging markets?
Emerging markets currencies and government bonds have seen an uncomfortable sell-off in recent weeks. Will it endure?
17th May 2018
Navigating investment grade: where do the opportunities lie?
Invesco Perpetual Corporate Bond Fund Manager Michael Matthews explains why investors must look beyond the negative headlines. There are still plenty of opportunities to make money in credit.
16th May 2018
The Week: Is disappointing Eurozone economic data a one-off?
Slowing growth, weak retail sales, declining industrial production. No, it’s not the UK, but the Eurozone, which, until recently was the darling of the global economy.
10th May 2018
Helping you to communicate better with your clients
Client communication is arguably one of the most important parts of your role as a financial adviser. Yet, with little time to spare, client contact can sometimes be left by the wayside. This is where...
8th May 2018
Why everyone loves UK companies except UK investors
Corporate buyers can’t get enough of UK assets, so why are investors so pessimistic?
The Sainbury’s/Asda tie up shows demand for UK assets among corporate buyers
This is in contras...
Secular stagnation? Or the optimistic view?
By Peter Elston, Chief Investment Officer, Seneca Investment Managers
Since the Great Financial Crisis, a period during which the developed world has struggled to grow, there has been much talk abo...
Corporate activity grips UK markets
Despite ongoing Brexit-related uncertainties and fresh political instability in the UK, newsflow during April was dominated by a wave of corporate activity. Elsewhere, the ECB reassured...
1st May 2018
The Week: Is the market peak behind us?
At the recent Jupiter annual dinner, two fund managers debated whether the markets peaked on 26 January.
26th Apr 2018
The Week: Is there value in UK assets?
Global investors shun the UK, while canny corporate buyers are taking an interest. Who is right?
19th Apr 2018
Asian Japan markets review: Yen spikes in March
President Trump’s proposed trade tariffs on steel and aluminium knocked investor sentiment in Asia during March, amid fears of a trade war.
17th Apr 2018
Europe market review: Europe reacts to a possible trade war
European markets were rattled during March over the prospect of a possible trade war with the US following President Donald Trump’s decision to impose a 25% levy on steel imports and a 10% levy on alu...
UK share prices knocked by trade war concerns
In common with other major equity markets around the world, UK share prices declined during March.
Global bond market review: High demand for safe-haven assets
Government bond prices generally rose in March as investors faced the possibility of a trade war.
Emerging markets review: Looming trade war knocks sentiment
China’s relationship with the US deteriorated during March following President Donald Trump’s decision to impose a series of new tariffs intended to safeguard US interests.
Examining Estoteric Factors: The Asset Growth Anomaly
As factor investing becomes more popular, the search intensifies for new factors. This month we examine a less well-known factor: The Asset Growth anomaly. We examine the claim that there is a premium...
12th Apr 2018
Are markets right to be spooked?
As market volatility increases on the back of mounting geopolitical tensions, can this be dismissed as ‘short term noise’ – or is there more at work?
Geopolitical tension has s...
Demand for VCTs hits new high
The 2017-18 tax year has seen another strong performance for venture capital trust (VCT) fundraising. The latest figures suggest VCTs raised more than £670 million, well ahead of the £542...
10th Apr 2018
Global update: Rising US protectionism knocks sentiment
Investor sentiment during March was marred by mounting levels of US protectionism.
6th Apr 2018
A selection of articles, written by our expert investment writers that cover the markets looking back through March.
5th Apr 2018
US market review: Trump threatens trade war
March was a controversial month for the US as President Donald Trump implemented a range of measures designed to protect America’s interests
UK equity market review: Progress on Brexit transition agreement
UK share prices generally fell during March amid expectations of tightening monetary policy and concerns over rising US protectionism.
UK bond market review: Concerns over gilt supplies
UK gilt yields fell over March as a whole amid concerns over future supply as the DMO announced it would reduce gilt issuance in 2018/19 to its lowest level since 2007/2008.
The Week: Is a trade war really ‘easy to win’ for the US?
Who wins in a trade war? Donald Trump believes that trade wars are ‘easy to win’, but what does winning look like?
Retail property: time to check out?
Amid poor retail data, the rise and rise of internet shopping and recent high-profile retail failures, John Cartwright, CEO of the Association of Real Estate Funds (AREF) asked three prominent members...
29th Mar 2018
Ethical investing is mainstream, but it’s still tricky to invest
Ethical investment has become mainstream and consumer demand is high, but why is it still so difficult to find and compare funds?
Ethical considerations are now embedded in the investment and ri...
FOMC raises rates
US interest rates rose and economic forecasts were upgraded at the March meeting of the Federal Open Market Committee (FOMC). In a move that was widely anticipated by investors, policymakers voted una...
22nd Mar 2018
The Week: The first signs of Spring for the UK economy?
What a difference a week makes. From gloomy, snowy backwater, the UK is suddenly showing the first signs of Spring, with inflation down, a Brexit transition deal sorted and a small recovery in the pou...
Upbeat Spring Statement
The outlook for the UK economy has brightened, according to the Chancellor of the Exchequer’s Spring Statement. Chancellor Philip Hammond described himself as “positively Tigger-like&rdquo...
15th Mar 2018
The Week: Time to relax?
Markets appear on a surer footing following the volatility at the start of the year, but can it last?
UK equity market review: FTSE 100’s yield rises above 4%
The UK equity market experienced a volatile February.
14th Mar 2018
Global bond market review: US bond yields continue to rise
Global bond investors experienced an eventful February as investors faced up to the possibility that interest rates in the US might rise sooner than anticipated.
Europe market review: Post-Brexit future of Northern Ireland remains in doubt
European share prices generally fell in February, undermined by speculation that major central banks may be poised to tighten monetary policy more quickly than previously anticipated....
Emerging markets review: Brazil cuts interest rates again
Emerging equity markets were not immune to the heavy declines experienced by developed share indices during February. Investors around the world were rattled by signs that the end of...
Asian Japan market review: Asian markets weakened in February
Like many other major equity markets around the world, stock indices in Asia fell sharply during February amid speculation that US monetary policy might begin to tighten more quickly...
How the value factor performs in the market cycle
This month, we turn our attention to the value premium, which is one the most popular and well-known factors. We begin by examining the cumulative return of investing in two common value portfolios an...
12th Mar 2018
A selection of articles written by our expert investment writers that cover the markets looking back through February.
9th Mar 2018
UK equity market review: UK shares joined February’s global sell-off
UK share prices dropped sharply at the beginning of February amid mounting speculation that central bank policymakers – not only in the UK, but also in the US.
UK bond market review: Gilt yields continued their rise in February
Having risen strongly during January, gilt yields continued their upward journey in February.
The Week: Gender diversity – much more carrot than stick
It’s International Women’s Day, which will undoubtedly be accompanied with much hand-wringing about the gender pay gap, poor pension provision for women and the lack of workplace diversity.
8th Mar 2018
Global update: Global sell-off in February
Equity markets experienced a global sell-off during early February triggered by concerns that US interest rates might rise more rapidly than previously expected. Equity indices in the...
2nd Mar 2018
The Week: Should investors be worried about an M&A bubble?
US cable operator Comcast has announced a £22.1bn bid for Sky, potentially thwarting a planned takeover by 21st Century Fox. At the same time, Warren Buffett has said cheap debt is fuelling a &l...
27th Feb 2018
The Week: The big data revolution in active management
This week, the Financial Times reported that BlackRock was setting up a new lab in Silicon Valley, specialising in artificial intelligence.
22nd Feb 2018
Does email marketing work?
In spite of fears that it is losing its edge, done right, email marketing still gives a good return on investment.
All the standard process metrics for digital marketing - open rates, click rate...
15th Feb 2018
A selection of articles, written by our expert investment writers and cover the markets looking back through January.
14th Feb 2018
Emerging markets review: The price of oil reaches US$70 in January
The price of oil rose to US$70 per barrel for the first time in over three years during January as OPEC members confirmed that they would continue to limit output until the end of 2018.
Asia Japan market review: The Nikkei 225 Index hits its highest level since 1991
Following the US’s rejection of the Trans-Pacific Partnership (TPP), the remaining 11 participants have agreed to sign a trade deal in Chile in March.
Global bond yields rise sharply in January
Bond yields generally rose sharply in January as investors moved away from global fixed income, triggering speculation over the possibility of a bear market for bonds.
UK equity income market review: Stronger pound could dampen UK dividend payouts