The Week: A new broom at the White House
Joe Biden takes on a raft of seemingly intractable problems when he takes office this week, but the buoyant US stock market hasn’t been one of them.
20th Jan 2021
Market briefings looking back at December
A selection of articles, written by our expert investment writers that cover the markets looking back through December.
Asian Japan market review: Japanese exports disappoint
Weak trade data dealt a blow to Japanese investors during December. Exports had grown at an annualised rate of only 0.2% in October, raising hopes that they would achieve some long-awaited growth in N...
US market review: US equities end 2020 strongly
Share prices rose strongly in the US during December, boosted by the news that President Donald Trump had – despite raising many objections – signed into law a coronavirus relief package worth US$900...
19th Jan 2021
UK equity income market review: Dividends set to pick up in Q2 2021
Global dividends are calculated to have fallen during 2020 at a headline rate of 15.7% in a best-case scenario and by 18.5% in a worst-case scenario, according to Janus Henderson’s Global Dividend Ind...
UK equity market review: Worst year for the FTSE 100 since 2008
With a matter of days left before the end of the transition period, the UK and EU finally reached a post-Brexit trade deal.
UK bond market review: Investors welcome post-Brexit trade deal
The yield on the benchmark UK gilt fell from 0.31% to 0.20% over December as a whole as investors reacted to the news of tightening coronavirus-related restrictions in response to rising infection rat...
Global bond market review: A challenging outlook for sovereigns
2021 is expected to be a challenging year for lower-rated sovereigns. There were six sovereign defaults during 2020 – Argentina, Belize, Lebanon, Ecuador, Suriname, and Zambia.
18th Jan 2021
Europe market review: Europe welcomes post-Brexit trade deal
European equity markets generally welcomed the news that the UK and EU had finally managed to thrash out a post-Brexit trade deal with only a week left before the end of the transition period.
Emerging market review: Brazil exits recession
Brazil emerged from recession during the third quarter of 2020: the country’s economy grew by 7.7%, posting its strongest growth since 1996.
The Week: Will the SFDR change the world?
A new raft of EU disclosure requirements on sustainability are in the offing. What are the implications for investors?
13th Jan 2021
The Week: Muted reaction to eleventh-hour Brexit deal
After considerable wrangling, the UK and EU have finally agreed a deal. Why aren’t financial markets more excited?
6th Jan 2021
Global update: Shares advance on vaccine optimism
After a tumultuous year in which the coronavirus pandemic gripped the world, many major stock markets ended 2020 in positive territory.
5th Jan 2021
The Week: The investment lessons we learned in 2020
2020 was a difficult year, but investors shouldn’t waste the opportunity to learn from it. A crisis may be painful, but it can help create better investors.
16th Dec 2020
US market review: US share prices reach new highs
Share prices surged in the US during November, driven up by significant progress in Covid-19 vaccine developments.
15th Dec 2020
UK equity income market review: A tough Q3 for UK dividends
UK share prices surged and yields fell during November as investors became increasingly optimistic over prospects for economic recovery.
UK equity market review: UK equities rally in November
UK share prices rose strongly during November, driven up by mounting optimism over the development of Covid-19 vaccines and hopes that a Brexit trade deal will be reached.
UK bond market review: Improving optimism… deteriorating data
Investor sentiment improved sharply during November, underpinned by the news of vaccine breakthroughs in the UK and the US. Improving hopes for the economic outlook led to a surge in demand for higher...
Global bond market review: Corporate defaults on the rise
Investors’ attention shifted from safe havens to riskier assets during November.
Europe market review: European markets shrug off negative data
Although November in Europe was characterised by rising Covid-19 infection rates and lacklustre economic data, share prices soared over the month.
Emerging markets review: Investors welcome a Biden presidency
Share prices in China rose following the news of Joe Biden’s victory in the US Presidential election.
Asia Japan market review: Asian markets surge in November
Equity markets in Asia performed strongly during November, driven by hopes that Covid-19 vaccines will soon be widely available.
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: Deal or no deal, the UK’s unpopularity could continue
The UK market is hugely out of favour, but some resolution to the Brexit situation – be that deal or no deal – see UK assets find favour once again?
10th Dec 2020
Global update: A November to remember
It was a November for investors to remember as a widespread focus on the perceived safe havens of gold and government bonds was replaced by renewed interest in equities.
8th Dec 2020
The Week: Could 2021 be a better year for equity income?
After a horrible year, can investors be more optimistic about the prospects for equity income next year? It depends.
3rd Dec 2020
The Week: Can Britain bounce back?
As Chancellor Sunak gives a depressing view of the UK economy in his Spending Review, tax rises appear inevitable.
26th Nov 2020
The Covid-19 pandemic is set to deal a lasting blow to the UK economy and labour market, according to Chancellor of the Exchequer Rishi Sunak at his Spending Review.
25th Nov 2020
The Week: China’s century
Between the Covid-19 outbreak and the trade war, it looked like tough times ahead for China. The reality has been very different.
18th Nov 2020
The Week: Vaccine fever
The prospect of a vaccine has ignited stock markets, but will it really be the panacea that investors expect?
12th Nov 2020
US market review: US sentiment dips in October
US equity markets fell during October as cases of Covid-19 reached new daily records and news of rising infection rates and lockdowns in Europe affected sentiment amongst US investors.
11th Nov 2020
Global bond market review: Global bonds in demand
Global bonds had a choppy October as expectations of fresh Covid-19 relief funding in the US were dashed by deadlock between the Republican and Democratic parties. Investor sentiment was further desta...
Emerging markets review: China’s recovery gains traction
China’s economy continued to rebound from the impact of the Covid-19 pandemic.
Asia Japan market review: Question-marks over Asia’s recovery
The IMF expects the Asia Pacific economy to shrink by 2.2% in 2020; nevertheless, the region is set to post a healthy recovery in 2021 with growth of 6.9%
Market briefings looking back at October
A selection of articles, written by our expert investment writers that cover the markets looking back through October.
US Election: Biden wins the US Presidential election
After a bitterly contested and chaotic US election that was marred by allegations of voter fraud, Joe Biden exceeded the threshold of 270 electoral college votes to become President-Elect.
10th Nov 2020
UK equity income market review: What next for dividends?
Hopes that a nascent economic recovery could lead to a renaissance for UK dividends were dealt a blow at the end of October as the Government implemented further lockdown measures in a bid to stem the...
5th Nov 2020
UK equity market review: “Nightmare before Christmas”
As infection rates continued to increase in areas of England, the UK Government decided to implement another series of lockdown measures lasting from 5 November to 2 December.
UK bond market review: Fears of a “double-dip” recession
Demand for UK gilts rose during October as Covid-19 infection rates continued to climb, and the UK and EU failed to progress their post-Brexit trade negotiations.
Europe market review: Fresh lockdowns across Europe
Prospects for Europe’s economic recovery were set back during October by the implementation of tighter lockdown restrictions as the second wave of the coronavirus pandemic intensified.
The Week: Not red to blue, but West to East
The US election could go either way, but neither candidate looks set to check the growing power of Asia.
4th Nov 2020
Five legitimate questions about diversification
A lot has been claimed for diversification: in particular, Nobel Prize winner Harry Markowitz’s badged it ‘the only free lunch in finance’, implying that it was, essentially, money for nothing.
3rd Nov 2020
Global update: The “second wave” breaks
Share prices fell heavily around the world during October as Covid-19 infection rates continued to rise.
2nd Nov 2020
The Week: Is fund management failing on diversity?
Two surveys have shown that fund managers may only be talking the talk on diversity, but as fund selectors get serious on the issue, they may have to act fast.
28th Oct 2020
The Week: How should investors play the recovery?
With cases rising, economic recovery looks some way off, but investors should prepare for a best-case scenario as well as a worst-case scenario.
21st Oct 2020
Joining the dots - part 2
In the second of a two-part series, Fidelity Global Focus Fund Manager Amit Lodha discusses the potentially disruptive forces of blockchain and digital currencies. He outlines why this is an important...
14th Oct 2020
Asia Japan market review: Australia tips into recession
As anticipated, Yoshihide Suga took office as Japan’s Prime Minister in September following the resignation of Shinzo Abe on the grounds of ill health. Mr Suga is widely expected to carry on with Mr A...
14th Oct 2020
Global update: Rising infection levels knock sentiment
Share prices generally fell during September amid concerns over rising infection levels and their potential impact on economic activity. Investors’ worries were compounded by doubts over Brexit negoti...
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: Living with uncertainty
Uncertainty has become a fact of life in recent years. The IMF’s recent assessment of the state of the global economy makes things little clearer.
US market review: Counting down to the Presidential election
The Nasdaq Index has performed strongly in recent months, driven up by robust performance from technology shares; over September, however, the index fell by 5.2% as investors took profits.
UK equity income market review: Search for yield remains a challenge
UK share prices were dragged down during September by fears that the economic recovery could be held back by a “second wave” of coronavirus infections. The FTSE 100 Index fell by 1.6% during September...
UK equity market review: Brexit trade deal remains unresolved
Share prices in the UK fell during September amid concerns that a surge in infection rates, accompanied by localised lockdowns, could undermine economic recovery. Both the FTSE 100 Index and the FTSE...
UK bond market review: Speculation over negative rates
Risk-averse investors focused on perceived safe havens during September, spurred by fears that fresh lockdown measures could undermine economic recovery.
Global bond market review: US politics dominate sentiment
US government bond yields were boosted during September by hopes that fresh fiscal stimulus might be introduced. However, by the end of the month, a deal had not been agreed between Republicans and De...
Europe market review: A wake-up call for Europe?
Investor sentiment in Europe was dampened during September by an uptick in coronavirus infection rates across the region, and the World Health Organisation (WHO) warned that the news should be “a wake...
Economic data released in September fuelled hopes that China’s post-Covid economic recovery might be gathering pace. Industrial production rose at its fastest rate since December.
How to retire faster
For some, the pandemic has accelerated their retirement plans. They may no longer want to contend with an uncertain outlook or they may reason that someone needs the job more than they do.
12th Oct 2020
The Week: UK equity income: is there any hope?
The UK Equity income sector has been a tough place over the last five years. Is there any hope ahead for beleaguered investors?
7th Oct 2020
The Week: Tough times for Uncle Sam
The upcoming election has showed US democracy in an unflattering light: there are tough times ahead for the land of stars and stripes.
1st Oct 2020
Five consequences of ‘lower for longer’ interest rates
As the damage to the global economy from Covid-19 becomes clear, few central bankers would contemplate raising rates.
28th Sep 2020
The Week: How is China faring in the wake of the Covid-19 outbreak?
Predictions for the demise of China may have been exaggerated. There are signs it is recovering fast.
23rd Sep 2020
Inflation – should you be scared? (and what you can do about it)
Policymakers have responded to the Covid-19 outbreak by spending: history suggests this should create inflation. Should investors be worried and how can they protect themselves?
21st Sep 2020
Global bond market review: The Fed’s new approach
The US dollar weakened against the pound and the euro as Fed Chair Jerome Powell announced a new inflation strategy.
17th Sep 2020
The Week: Will a vaccine change the game?
Stock markets appear to be defying gravity. They have continued to rise in the face of some grim economic news. This begs the question of what they would do in the face of really good news: a vaccine,...
Europe market review: Three key challenges for the ECB
Amid signs that Covid-19 infection rates were on the rise once again around Europe, some localised restrictions were reimposed in August, putting a brake on economic activity.
Emerging markets review: India’s economy contracts sharply
As the pandemic took its toll on economic activity, India’s economy contracted by 23.9% during the three months to the end of June.
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: Fed updates its inflation policy
The number of Covid-19 cases in the US rose to over six million during August, with more than 182,000 deaths recorded. Schools and colleges have been slow to reopen, and this is likely to affect consu...
16th Sep 2020
UK equity income market review: UK dividends fall sharply in Q2
UK investors suffered some of the most severe dividend cuts in the world during the second quarter.
UK equity market review: UK in recession
The UK economy entered recession for the first time since 2009: having contracted by 2.2% in the first quarter of 2020, the economy shrank at a record rate of 20.4% during the second quarter.
UK bond market review: Government debt rises above £2 trillion
Government debt breached £2 trillion for the first time in July, driven higher by spending to shore up the economy.
The Week: Is there hope for friendless emerging markets?
With a low Dollar, low valuations and recovering economies, these should be buoyant times for emerging markets, but buyers are thin on the ground.
10th Sep 2020
Global update: Share price rises defy an uncertain outlook
Global share prices generally rose during August as investors took heart from ongoing fiscal and monetary support alongside some encouraging economic data.
3rd Sep 2020
The Week: Is commercial property the elephant in you
Fund managers are seldom the first to predict the long-term decline of their asset class, but surely commercial property managers are looking to the future with some trepidation?
2nd Sep 2020
The Week: Global dividends: a port in a storm?
Have global dividends been hit as hard as UK dividends? The Janus Henderson Global Dividend index shows some markets are yet to see an impact.
26th Aug 2020
The Week: A last hurrah for growth stocks
The value of Apple hit $2trillion this week after a significant rise in its share price over the last three months.
20th Aug 2020
The Week: Grim reading on UK data
The UK’s economic output slumped in the second quarter – and the future’s not looking too bright either.
12th Aug 2020
Market briefings looking back at July
A selection of articles, written by our expert investment writers that cover the markets looking back through July.
UK equity income market review: UK dividends dive in Q2
UK share prices continued to fall during July as investors’ worries about the possibility of another wave of coronavirus infection.
11th Aug 2020
UK equity market review: Uncertainty hits UK share prices
Share prices in the UK generally fell during July amid mounting concerns over the impact of a possible coronavirus “second wave”.
UK bond market review: Mounting fears over UK jobs
Gilt yields continued their decline during July, driven down by concerns over the prospect of a “second wave” of coronavirus cases.
Europe market review: Europe enters recession
The eurozone’s economy slid into recession, shrinking by a record 12.1% during the second quarter following a first-quarter contraction of 3.6%. Between April and June.
Asia Japan market review: Asian economies fall into recession
Investor sentiment in Australia received a blow from the government’s decision to put the state of Victoria into lockdown following a surge in Covid-19 infections.
US market review: US economy suffers record contraction
The US fell into recession during the second quarter as activity was curbed by a decline in spending and a surge in Covid-19 cases.
Emerging markets review: China sidesteps recession
While other countries confirmed their slide into recession in July, China’s economy managed to buck the trend, notching up annualised growth of 3.2% in the second quarter after a first-quarter contrac...
Global update: The other “R” number … Recession
Early in July, investors were buoyed by news of progress in the development of coronavirus vaccines. However, as the month continued, optimism was tempered by a surge in infection rates in countries i...
Europe market review: “All necessary steps”
European countries continued to ease their lockdown measures during June; nevertheless, the World Health Organisation (WHO) warned that the region was experiencing a weekly increase in COVID-19 cases...
5th Aug 2020
Emerging markets review: Bleak outlook for Brazil
During June, the World Health Organisation (WHO) warned that the coronavirus pandemic had entered “a new and dangerous phase” as cases continued to surge in Brazil and the US.
Asia Japan market review: Recovery remains far off
Bank of Japan Governor Haruhiko Kuroda warned during June that a second wave of COVID-19 infections could cause “considerable” harm to Japan’s economy.
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: Will Covid-19 end US market dominance?
US markets have outperformed for a decade, but can this continue in the face of a woeful Covid-19 response and political uncertainty?
US market review: “Persistent fragilities”
As US businesses reopened their doors, retail sales surged during May following steep falls in March and April, rising by 17.7%.
UK equity income: Clouded prospects for UK dividends
Although UK share prices generally strengthened over June as lockdown measures continued to ease, the outlook for dividend payments remained uncertain.
UK equity market review: Opening up
The UK’s leaders announced a further easing in lockdown measures to take effect in July, allowing a large proportion of the country’s leisure and tourism sector to reopen, albeit with strict guideline...
UK bond market review: “Living in unusual times”
Gilt yields continued their decline over June as demand for government bonds was boosted by expectations that the Bank of England (BoE) would expand its programme of quantitative easing measures.
Global bond market review: Central banks go further
New quantitative easing measures are forecast to reach 20% of GDP in the US, 9% in the UK, and over 7% in the eurozone, according to credit ratings agency Fitch, which reported that macro policy easin...
4th Aug 2020
The Week: Are investors too late on gold?
Gold may be an imperfect hedge for volatile markets, but when it works, it really works. The problem is that when interest in gold spikes, it tends to mark the end of its bull run – are investors too...
29th Jul 2020
The Week: UK dividends – reasons to be cheerful?
It’s been a torrid time for UK income investors, but there may be reasons for cheer amid the gloom.
23rd Jul 2020
The Week: Have active managers shown their worth?
Active managers should thrive in a crisis. While passive managers can only watch, active managers can get busy. But have they delivered?
16th Jul 2020
The Week: The Summer Statement: will it work?
Chancellor Rishi Sunak has encouraged a summer of spending to revive the UK’s flagging economy, but can it be saved?
8th Jul 2020
Global update: Fears over a possible ‘second wave’
June proved to be a choppy month for investors as hopes of economic recovery were tempered by fears of a second wave of infection as instances of COVID-19 surged in parts of the US.
6th Jul 2020
The Week: The potential problems of the ‘lone wolf’ asset manager
Even the best fund manager needs checks and balances to prevent serious mistakes.
2nd Jul 2020
The Week: Has the UK stock market gone low enough?
The UK is still an important weighting in many investor portfolios, but it’s been a dismal performer. Is that about to change?
25th Jun 2020
Volatile markets? Five reasons to take heart
It can be difficult to remember in the heat of a market sell-off, but even amid the grimmest times – war, plague, financial crisis – markets recover.
24th Jun 2020
What does a crisis teach us about investing?
Too often the lesson that investors learn from a market crash is simply to avoid the last problem area – technology in 2000, banks in 2008 and today, travel, leisure or oil. However, history shows tha...
Remember these five things about a crisis
Investors tend to look at collapsing index value and conclude they should be out of the market. However, in reality, the S&P or the FTSE 100 are disparate groups of companies, some of which will be be...
Investment advice worth listening to
There’s no shortage of people offering advice on investment: Some – Warren Buffet or George Soros – may be worth listening to.
A potted history of market crashes (and why they don’t matter)
From tulips to technology, railroads to real estate, asset price crashes are centuries old. Investors have been prone to getting very excited about innovation in the short-term, only to realise its li...
The Week: The resilience of Asian dividends
With UK dividends under considerable pressure, have Asian companies continued to deliver payouts to shareholders?
17th Jun 2020
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.
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: A ‘dash for trash’ or a value rally?
It’s been a better time for value stocks, but markets have been here before. Can their recent strength endure?
Europe market review: Is Europe heading for deflation?
During May, the Dax Index rose by 6.7% while the CAC 40 Index climbed by 2.7%.
Emerging markets review: Clouded outlook for China’s growth
China’s National People’s Congress announced that it would not set an economic growth target for the country this year as it addresses the impact of the coronavirus pandemic.
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: 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
Investment wisdom that really works
There’s a lot of investment wisdom around. Everyone from Warren Buffet to your local taxi driver is keen to give you the benefit of their accumulated knowledge. However, which advice is worth listenin...
2nd 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
The five most important investment rules in a crisis
There is no apparent improvement in the global economy, the outlook for corporate earnings is still highly uncertain, but markets have bounced almost 20% from their lows. Those waiting until the crisi...
20th 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...
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 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
Lessons from a crisis
Stock market crises may not feel much fun at the time, but they can provide a handy lesson in the right way to run a portfolio.
Global update: Painful consequences
Following March’s collapse in share prices, global stock markets made a partial recovery in April, although most major indices still sustained double-digit losses compared with the start of the year....
11th 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
A short history of market crashes (and why they don’t matter)
Since Tulip mania took hold of the Dutch in 1637, stock markets have been subject to crashes. In the longer term, the price of any individual investment may reflect its real value, but in the short-te...
1st 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
Five pieces of genuine reassurance to give clients in difficult markets
The scary falls in the FTSE 100 are those that make headlines, but most investors with a well-managed portfolio won’t have taken the full-force of the blow.
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.
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.
Market briefings looking back at March
A selection of articles, written by our expert investment writers that cover the markets looking back through March.
Global bond market review: Bond yields fall to new lows
Having fallen steeply during February, global bond yields continued their decline in March.
17th Apr 2020
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.
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
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
“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.
18th Mar 2020
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
Hey, big spender
Hot on the heels of the Bank of England’s emergency rate cut, Chancellor of the Exchequer Rishi Sunak delivered his first Budget since his appointment in February 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
Market briefings looking back at February
A selection of articles, written by our expert investment writers that cover the markets looking back through February.
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.
Market briefings looking back at January
A selection of articles, written by our expert investment writers that cover the markets looking back through January.
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...
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.
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.
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...
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
Jason Broomer, Investment Director shares his latest market insights
Square Mile Research
1st 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...
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
Square Mile | Talking point... What PROD means for adviser firms
This video examines the PROD regime, what adviser firms need to look out for and what they need to do to comply with these regulations.
Square Mile Research
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.
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
Jupiter Asian Income: Square Mile Talking Factsheet
A strong option for accessing Asia's income and growth potential.
Square Mile Research
23rd 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”.
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.
Invesco | Flying update: Government bond yields lower still
111 seconds – government bond yields have fallen even further (to record lows in some cases). Lewis Aubrey-Johnson, Head of Fixed Income Products shares his thoughts from our Henley Investment Centre.
12th Jun 2019
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.
Solving the Investment Puzzle
For over 30 years, the Baillie Gifford Managed Fund has exemplified that sometimes the simplest solutions can be very successful. Iain McCombie and Steven Hay explain how the fund can help you solve t...
7th Jun 2019
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.
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
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
What does de-globalisation mean for global investing?
The recent shift towards protectionism and nationalist self-interest has left some questioning whether the sun is setting on the globalisation-driven world order of recent times. We assess what such a...
3rd May 2019
Merian UK Mid Cap Fund: Square Mile Talking Factsheet
A fund offering solid exposure to the UK mid cap market.
Square Mile Research
3rd 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 Asia Call - Episode 1: China
Join us for a new, live and interactive call from our Asia-based investment team. First up, we focus on China - covering the latest trade-related developments and the opportunities and risks in Chines...
2nd May 2019
Fidelity International | Dan Roberts on economic expansion and current opportunities
FundCalibre research analyst Ryan Lightfoot-Brown sits down with Dan Roberts, fund manager of Elite Rated Fidelity Global Dividend to get his thoughts on the "longest running equity bull market". You...
30th Apr 2019
Merian UK Smaller Companies Fund: Square Mile Talking Factsheet
A sensibly managed fund in what can be a volatile asset class.
Square Mile Research
30th Apr 2019
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.
A selection of articles, written by our expert investment writers, covering the markets looking back through March.
Schroders | When generalisations can be dangerous
Tom Walker, Co-Head of Global Real Estate Securities, covers the team's approach to the less popular subsector of retail and how the fund's retail holdings are maintaining relevance. Tom also discusse...
15th Apr 2019
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 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
M&G Emerging Markets Bond: Square Mile Talking Factsheet
A flexible fund investing across emerging bond markets.
Square Mile Research
10th Apr 2019
M&G UK Inflation Linked Corporate Bond: Square Mile Talking Factsheet
A unique fund, providing both inflation protection and access to corporate bond premiums.
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
Investec | Alastair Mundy in conversation: Temple Bar Investment Trust
Journalist Cherry Reynard speaks to Portfolio Manager Alastair Mundy and Analyst Peter Lowery, covering topics such as the Temple Bar dividend, value vs. growth investing and their views on the domest...
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
Fidelity Multi Asset
Providing your clients with the choice, flexibility and confidence that their investment needs are being met in a consistent fashion.
1st Apr 2019
Fixed income solutions
Make the most of the opportunities on offer across the global fixed income universe through the integrated capabilities of our award-winning fixed income solutions.
31st Mar 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
Baillie Gifford | Scottish Mortgage - Invest in Progress
Scottish Mortgage is the UK’s largest investment trust. Join joint managers James Anderson and Tom Slater, as they discuss why they believe that it is the impact of a very small group of exceptional c...
25th 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
Schroders | The morning after the night before: New opportunities in european equity
James Sym, Fund Manager, provides an overview of challenges encountered by companies during earning season, especially with cyclicals, ESG explorations being made in the portfolio, and some innovators...
20th Mar 2019
Schroders | Finding strength in Scandinavian cities
Tom Walker, Co-Head of Global Real Estate Securities, covers the team's recent research trip to Scandinavia to see two holdings in Stockholm and Oslo and how they are adapting to shifting urban popula...
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
M&G Investments | Earnings season – some welcome surprises?
Ritu Vohora, Investment Director, offers some key takeaways following the latest round of quarterly earnings announcements. Results were better than feared, with actual reported earnings surprisingly...
11th Mar 2019
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.
Legal & General Investment Management | Outlook for 2019
Justin Onuekwusi, Head of Retail Multi-Asset Funds gives his views on the outlook for 2019 and why multi-asset investing is important in the current environment.
Legal & General Investment Management
6th Mar 2019
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.
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.
Invesco | Cautious, but confident
Rhys Davies, Portfolio Manager and Senior Credit Analyst gives his views on: His expectations and outlook for the coming months, whether high yield now offers value, where he is currently finding oppo...
5th Mar 2019
Fidelity International | Diversified, sustainable income
How can the Fidelity Multi Asset Income range help your clients achieve a sustainable income when markets are increasingly volatile? In this video, Portfolio Manager Eugene Philalithis delves into his...
28th Feb 2019
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
Fidelity Analyst Survey 2019
Each year, we ask our analysts what their companies are expecting in the coming months and how management teams are positioning their businesses. Formed from over 16,000 meetings, this year’s results...
27th 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.
Invesco | Reshuffling the deck
After a challenging 2018, Fund Manager’s Stephen and Andrew outline the factors which impacted them the most along with their plans for 2019 and new additions to the portfolio.
14th Feb 2019
Invesco | 2019 investment outlook – Fixed Income
Consumer spending will likely be additive to growth in the first half of 2019, as the boost from tax cuts winds down, how much will the consumer want to spend thereafter? Rob Waldner Chief Strategist...
Invesco | 2019 investment outlook: US equities
We see a tricky year where markets will debate the potential for sustained US growth with the potential for a globally driven US slowdown. Simon Laing, Head of US equities shares his thoughts on the U...
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
Fidelity International | What matters most for investors in 2019?
2019 has seen a strong start to the year with areas like equities and high yield bonds rallying. Fidelity Multi Asset Open range Portfolio Manager Bill McQuaker discusses why this is not atypical afte...
13th 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
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
Invesco | 2019 investment outlook: Asian & emerging markets
2018 has been a challenging year for Asian and global emerging equity markets. The year began with upbeat earnings expectations and valuations above long-term historical averages. However, since the s...
29th Jan 2019
Invesco | 2019 investment outlook - Global markets
As we look out to 2019, we believe there are three key themes that will persist into this year: economic growth divergence is likely to continue to some extent, geopolitical disruption is leading to s...
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.
M&G Emerging Markets Bond
Square Mile's Victoria Hasler discusses M&G Emerging Markets Bond.
Heightened focus on governance in the year to come
Melville Rodrigues, partner at international law firm Charles Russell Speechlys, considers the implications of important corporate governance reforms being introduced by the UK regulator
22nd Jan 2019
Invesco | 2019 investment outlook - European equities
21st Jan 2019
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
Schroders | 2019 outlook: A tricky year ahead but with better buying opportunities
James Sym, Fund Manager, provides a summary of European markets in 2018 and explores the headwinds and opportunities that might arise in 2019.
16th Jan 2019
Invesco | John Greenwood’s annual economic outlook 2019
What are the prospects for the global economy? With record low rates of unemployment in many major economies, will inflation take off in 2019? Read Chief Economist John Greenwood’s economic outlook fo...
16th Jan 2019
Invesco | 2019 investment outlook – UK equities
Mark Barnett head of UK equities provides his outlook for 2019 with focus on Brexit uncertainty, geopolitics, trade wars and global monetary policy mistakes.
Schroders | What next for European equities after a volatile 2018?
James Sym, Fund Manager, provides a review of European markets in 2018, an outlook for 2019 and explains how the portfolio will be positioned to benefit from the environment.
Fund Update: M&G Optimal Income Fund
In this short video Richard Woolnough, Fund Manager for the M&G Optimal Income Fund, will discuss how the market performed in the second half of 2018, as well as his outlook going into the new year an...
16th Jan 2019
M&G Episode Income: Square Mile Talking Factsheet
The manager aims to deliver income and growth in a risk controlled manner.
Square Mile Research
14th Jan 2019
Baillie Gifford Multi Asset Growth: Square Mile Talking Factsheet
A multi asset fund that aims to deliver a return that is well ahead of cash whilst keeping volatility to a level below that of equities.
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
Investec | Defensive Returns - Drawdowns
As markets brace for continued volatility in 2019, a more defensive stance appears warranted. John Stopford and Jason Borbora discuss their approach to delivering defensive returns on the Investec Div...
10th 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
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 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.
20th Dec 2018
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
Video: A Christmas parody: DynAAsties
Watch Legal & General Investment Management's parody trailer inspired by the new BBC documentary: DynAAsties and help us raise money for our team charity, Children with Cancer UK.
Legal & General Investment Management
20th 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...
19th Dec 2018
Fidelity International | Hold on to your hat
Politics and economics are so often closely tied together, and Bill McQuaker, Portfolio Manager of the Fidelity Multi Asset Open range, believes that 2019 will be no different. Hear how policy makers...
19th Dec 2018
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...
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...
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...
Legal & General Investment Management | A Christmas Parody: DynAAsties
Watch our parody trailer inspired by the new BBC documentary: DynAAsties and help us raise money for our team charity, Children with Cancer UK.
Legal & General Investment Management
18th Dec 2018
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...
Fidelity International | Navigating the shifting sands in 2019
Eugene Philalithis is not forecasting a recession in 2019, but he is positioning for a more volatile year ahead. Hear where he believes it will be necessary to reduce risk and where pockets of value m...
18th Dec 2018
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...
Fidelity International | Late cycle investing in 2019
Sajiv Vaid, Portfolio Manager of the Fidelity MoneyBuilder Income Fund, gives his outlook for bond markets in 2019. He explains where he is seeing pockets of value emerging in the asset class and remi...
11th Dec 2018
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
Fidelity International | Leveraging litigation; the story of Burford
Burford Capital’s complex litigation financing business model meant it was hard for investors to analyse and the opportunity was overlooked by the wider market. Here we reveal the early potential Alex...
4th 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
Video: How can investors prepare for the next market crash?
After a record bull run for some stock markets, Andrew Connell, Head of Portfolio Solutions, discusses how best investors might mitigate the risks of a potential crash.
28th 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
Video: 5 years of multi-index: the story so far
Five years on from the launch of our successful Multi-Index range, we ask our team what makes the funds tick. Hear more about how suitability, cost-effectiveness, diversification and dynamic asset all...
Legal & General Investment Management
21st Nov 2018
Fidelity International | Textbook investing: the story of Pearson
Despite being negatively rated by many external agencies, Alex Wright, manager of the Fidelity Special Situations Fund and Fidelity Special Values PLC, believes the market has misread Pearson. In this...
21st 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
Governance and oversight support
Consultancy service bespoke to each client<br />
Drawing from our knowledge bank of 17 independent researchers<br />
We can design and review recommended fund panels<br />
Tailored investment process advice
Sub-advisory support for authorised investment managers on their investment process<br />
Strategic asset allocation through to portfolio construction, fund selection and blending<br />
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...
Academy of Funds
Visit Square Mile’s free-to-access Academy of Funds to access our latest research and opinion across over 300 funds, including our newly launched Fund Dashboard
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
Fidelity International | Eugene Philalithis on the Fidelity Multi Asset Income range
In this video Eugene discusses why his approach to flexible asset allocation can help deliver sustainable income through the cycle and maintain a focus on capital protection.
14th Nov 2018
Market briefings looking back through October
13th Nov 2018
Schroders | Schroder Global Cities Real Estate - "Choppy waters, not full-on gale"
Hugo Machin, Co-Head of Global Real Estate Securities, explores why despite October being a challenging month, there are still a number of opportunities in the real estate market.
13th Nov 2018
Schroders | Schroder European Alpha funds - is this a buying opportunity?
James Sym, Fund Manager, explores the factors that have driven market performance over the past month and explains if this period is the start of something bigger in markets.
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...
Invesco | Breaking through the noise
Stephen Anness and Andrew Hall, Global Equities Fund Managers discuss: Factors affecting this quarter’s performance for Invesco Global Opportunities Fund (UK); their case for Bayer; recent macro conce...
8th Nov 2018
Schroder Income Maximiser: Square Mile Talking Factsheet
High yielding UK equity fund with a contrarian investment approach.
Square Mile Research
6th Nov 2018
Schroder Asian Income: Square Mile Talking Factsheet
A seasoned Asian equity investor with a sensible investment approach.
Investec | Investec UK Alpha Fund: Q3 2018
Watch Portfolio Manager Simon Brazier’s update on the Fund covering the third quarter of 2018. A core UK equity fund focused on attractively values, quality businesses.
5th Nov 2018
Investec | Investec Diversified Income Fund: Q3 2018
Watch Portfolio Manager John Stopford’s update on the Fund covering the third quarter of 2018. Can be used as a defensive alternative or a source of income.
Investec | Investec UK Equity Income: Q3 2018