Industry news and views from Panacea and our partners.
Man Group
MAN Group: Japan – A Contrarian Bet?
Foreign investors may have abandoned Japan, but there may be opportunities in newly undervalued sectors.
MAN Group: Central Banks Fuel Gold Rally as De-Dollarisation Accelerates
Record gold buying by central banks signals shifting reserves and cracks in US dollar dominance.
MAN: A Hundred Visions and Revisions
Earnings drive equity markets – both in the short and long run. If you can accurately forecast corporate profits, you can predict market direction.
MAN: Defence Stocks and ESG Roadblock
Policymakers are pushing sustainable investors to relax ESG criteria. The tariff-flip-flop-induced market turmoil of recent weeks has pushed other items off the agenda that were critical only a month ago.
MAN: Can You Ride Out the Storm with Defensive Equities?
When markets tumble, which defensive moves actually work? The market turmoil over the last two months has left investors scrambling for ways to protect their equity portfolios.
The Big Picture: Divergent Policies, Divergent Markets
Russell Korgaonkar explores the value of a systematic approach in an increasingly fragmented market environment.
Q2 2025: Rising Dispersion, Rising Potential
After an extended period of relative calm, volatility has returned to credit markets. For the time being, spreads offer much better value compared to recent history. We could still see moves wider, particularly with uncertainty high and greater odds of a recession
Tariff Breakups, Rebound Flings
This trade saga is starting to feel like a bad romcom. And the course changes are happening so rapidly that any strong view put on paper is a hostage to fortune; either useful guidance, or something to wrap the fish and chips in. Still, here goes. At the time of writing – midway through trading on 10 April, this observer would consider reducing risk exposure on strength.