Industry news and views from Panacea and our partners.
Global Equities_
Columbia Threadneedle: A bumpy ride higher for equities
The coronavirus continues to introduce uncertainty, but investors should expect cyclicals to outperform in the first half of the year. Here we identify key catalysts for equity markets.
Schroders: Q&A: where are the risks in credit?
What is your assessment of the macro economic backdrop?
M&G: Stuck in transit
Growing fears of more persistent inflation led to correlated declines in both equity and fixed income markets in September. Whats driving the inflationary pressures and what can we expect as we head into year end? Investment Specialist, Kirsty Clark reviews recent market performance and the current economic backdrop.
Quarterly Commentary Orbis Global Equity
The past quarter has been painful. After an encouraging start to the year, we gave all of the outperformance back and more, with exposure to selected Chinese technology shares and the broad underperformance of value-oriented shares globally driving the majority of underperformance. While we try not to dwell on quarterly results, the past few years have also been disappointing. As co-investors in the Orbis Funds, we share the frustration that some of you may be feeling.
Columbia Threadneedle: Second-hand clothing to overtake fast fashion
Wastage and the ever-growing carbon footprint of the fashion industry make it one of the most pollutive in the world. Around 100 billion apparel items are sold each year, which is about a 50% increase versus 20061, largely due to the rise of fast fashion cheap, high-fashion items.
Aviva Investors: Ask the Fund Manager, Baylee Wakefield Ep 71. Global vs UK whats the best investment approach?
Whats better - investing globally or taking a more UK biased approach. Find out our view in this weeks #AskTheFundManager
T. Rowe Price: The cycle where are we? Implications for global equity investors
Complex environments need active management to help steer portfolios in the right direction.
Orbis: Global Equity Fund Webinar
There are signs that the next decade may not look as similar to the previous one as markets currently expect and Orbis believes the Global Equity Fund with its very different, bottom-up portfolio is well positioned for whatever the future holds.
AXA Framlington Global Technology Strategy
Technology is driving change across the whole economy, offering investors exciting opportunities for growth. As people, businesses and governments adopt new technologies faster than ever before, technology is driving innovation in the economy, upending traditional business models and ways of operating.
Columbia Threadneedle: Fund manager interview: maintaining a global focus
With economies looking towards a post-Covid world and concerns around inflation growing, we talk to the manager of the Global Focus strategy about what 2021 might have in store
Aviva Investors: Pixie dust and demon dust: The little things that make a big difference in equity markets
To gain an accurate picture of a companys long-term prospects, investors must pay close attention to the details, says Giles Parkinson.
Orbis: A eulogy for the 60/40
It was as long and fruitful a life as any investment strategy could hope for. For more than three decades, the classic portfolio of 60% equities and 40% bonds has delivered a terrific balance of risk and return for investors.
Square Mile Research: Investing with a simple mantra
A global equity fund with a simple mantra of investing in high quality companies and holding them for the long term. Watch this short video to see what the BNY Mellon Long Term Global Equity fund has to offer for you and your clients.
T. Rowe Price: Global Equities Q1 2021 Performance, positioning and outlook
Equity markets delivered extraordinary returns in 2020, but the first quarter of 2021 will certainly test investors given the return of uneven and contradictory news flow.
Rathbones In the KNOW blog: Recoverys winners and losers
As investors look ahead to a time when the pandemic will be over, Ed Smith and Sanjiv Tumkur, our respective heads of asset allocation and equity research, question whether equity markets are in the midst of a great rotation from growth to value.
BNY Mellon: Think different to be different
In this four minute video Newton's gobal equity income team discuss the sustainability of dividend payments, why equity income investing fulfils the needs of investors an how Newton differentiates itself from competitors in the market.
Rathbones In the KNOW blog: Are the bears in hibernation, or just napping?
With the groundwork laid for a rapid recovery, equity markets reflected continued optimism in June. But as chief investment officer Julian Chillingworth notes, significant risks remain.
Columbia Threadneedle: Investment style rotations - growth versus value
How the 2020s could be similar to the last decade with low growth, inflation and interest rates; and how quality should outperform value in this environment
Columbia Threadneedle: Are markets ahead of the economy and should they be?
The S&P 500 has rallied more than 35% off its March low. For some, considering the current economic data cataloguing the wreckage of the coronavirus-induced economic shutdown, the move appears to defy common sense. It has prompted many to ask whether financial markets are ahead of the economy, and whether they should be?
Aviva Investors: The impact of COVID-19 on global high yield
As an increasing number of companies battle the economic consequences of COVID-19, their ability to service bond payments is coming under intense scrutiny. In this Q&A, Sunita Kara considers whether current high-yield valuations adequately compensate investors for default risk and looks at the broader implications of the pandemic.
Quilter Cheviot: Diary of a Fund Manager Zombification
In this week Diary, buoyant equity markets, zombie companies and where next for infrastructure investors.
Quilter Cheviot: Diary of a Fund Manager - Connected Isolation
In this week's Diary a tour of the world from East to West with an undercurrent of optimism as we move from tentative reopening to the evidence of activity.
Columbia Threadneedle Investments: Tackling the unknown unknown: how active managers manage unforeseen risks
Reports that say that something hasnt happened are always interesting to me, because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know.
Aviva Investors: Multi-asset allocation views: Why the bull run in global equities could continue
Sunil Krishnan discusses the conditions for a continued rise in global equities, the potential of Japanese and US equities to outperform from a regional perspective, and some attractive features of emerging markets particularly Brazil which may have been overlooked.
Rathbone Global Opportunities Fund
James Thomson, who has managed the Rathbone Global Opportunities fund for over 15 years, deep dives into another successful year which saw the fund outperform the sector, with a first quartile positioning.
M&G: Trading places: battle of the superpowers
Equity markets were surprisingly upbeat in 2019, despite slowing economic growth, ongoing trade disputes and geopolitical tension. Can markets deliver again in 2020? Investment Specialist, Kirsty Clark reviews the Phase one US-China trade agreement and looks at how markets could react in 2020.
M&G: Earnings are in: how have companies been faring?
Its earnings season again, and results are in. In this months video, Investment specialist, Kirsty Clark looks at how companies have been faring. With deteriorating economic indicators and a fragile global growth backdrop, who have been the biggest winners and losers?
Prudential Market Insights September 2019
Sahil Shaikh, Portfolio Manager and M&G Treasury & Investment Office, discusses the good news amongst the bad in a slowing global economy, whether he thinks the looming global recession will be different to last time & how much impact the US/China trade war is having on the market's volatility.
Invesco: US business cycle, Draghi legacy and UK business investment
How healthy is the US economy? European Central Bank end of an era? How is UK business investment faring amid Brexit uncertainty?
A strategy for the long term investing in global equities with some exposure to emerging markets
A strategy for the long term investing in global equities with some exposure to emerging markets
Square Mile Research: A Spotlight On: Global Equity Income
As at the end of December 2018, the IA Global Equity Income sector comprised of 56 funds with combined assets in excess of £19bn. To meet the IAs sector requirements, funds must achieve a yield premium to that of the MSCI World index and allocate at least 80% of their assets to global equities. In practice, the sector includes funds which seek to deliver multiple outcomes, and is one that we would further categorise into three sub-groups; funds that seek to provide a yield in excess of the index (including enhanced income strategies), funds that seek to grow their dividend distributions over time and those which seek to provide a level of total return, when income is reinvested.
Aviva Investors: Investors must hold bad bosses to account
Institutional shareholders need to be as agile and active as private equity in dealing with failures of leadership.
M&G: The evolution of geopolitical risks
Geopolitical risks appear to be a recurring theme impacting global markets and can have a significant influence on the short and medium term direction of asset prices.
Legg Mason: International Stocks: Things Change
U.S. equities may be outperforming the rest of the world now, but the reverse was through outperformed during much of the first decade of this century.
M&G Equities: All eyes on trade
In this months video, Investment Director, Ritu Vohora looks at the escalating trade war between the US and China, with tensions reducing risk appetite and intensifying fears of a global economic slowdown.
Invesco: Europe vs US: A whole new ball game?
Speculation has been mounting that once President Trump concludes trade negotiations with China, Europe will be next on his agenda. In this article, the European Equities Team look at what a potential US-EU trade war could look like and explain why we believe this is materially different to the US-China situation.Speculation has been mounting that once President Trump concludes trade negotiations with China, Europe will be next on his agenda. In this article, the European Equities Team look at what a potential US-EU trade war could look like and explain why we believe this is materially different to the US-China situation.
Overweight or Underweight Equities?
Are we at the end of the economic cycle? Where can you find value and opportunity in an uncertain world? Listen to the latest thinking on the key themes that are shaping global markets in 2019 from M&Gs Investment Director and Head of Equities Investment Communications, Ritu Vohora.
M&G: Share buybacks: the good, the bad or the ugly?
In this months 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-term value for shareholders?
M&G Investments: Earnings season some welcome surprises?
Watch this months video where 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 positive, particularly in the US.
Aviva Investors: Equities outlook: four predictions for 2019
How will equities perform in a challenging environment marked by political tensions and rising interest rates? Here are our forecasts for the next 12 months.