Industry news and views from Panacea and our partners.

Investment Commentary_

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Schroders: UK borrowing costs surge: what would it take to bring them back down?


UK borrowing costs have risen above levels last seen in the financial crisis. We explain the background to this trend, the outlook from here – and implications for investors.

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Powering the future: Why clean energy solutions are the backbone of tomorrow's data centres


Pictet believes that AI will profoundly transform societies, with its untapped and immense potential applications. However, one of the biggest challenges facing the data centre industry is ensuring a secure and reliable power supply while managing their energy consumption. In particular, the custom AI chips market is poised for phenomenal growth, driven by a relentless focus on energy efficiency. How does the Clean Energy Transition strategy benefit from these opportunities?

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Rathbones Asset Management - The Sharpe End podcast: Gilty Party


It’s been quite the new year hangover for the global bond market as yields have continued to race away at the start of the new year – the UK 10-year gilt is back to levels not seen since the 2000s.

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Baillie Gifford Managed Fund: 30 years of growth


Iain McCombie, co-manager of the Managed Fund, reflects on 30 years at Baillie Gifford, highlighting the firm's adaptability and long-term focus amidst volatile markets.

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M&G: Expanding our Passive and Hybrid MPS Ranges


We are adding an additional risk profile to the Passive and Hybrid MPS ranges on Friday 17 January 2025. This will give you and your customers a broader range of choices, helping the M&G MPS cater to a wider range of needs. There are no changes to our Global ESG Themes models.

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J.P. Morgan Asset Management: The Weekly Brief


Global Market Strategy & Insights

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J.P. Morgan Asset Management: The Weekly Brief


As 2025 gets underway, consensus expectations point to solid earnings growth across most major regions for the year ahead. At a developed market level, analysts are anticipating that earnings will grow at 12%, with close to 14% earnings growth expected in the US and a more modest 8% expected in Europe.

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Orbis: Is genuine diversification becoming harder to achieve?


From the forces driving inflation and rising market concentration to the critical role of genuine diversification, discover what these shifts mean for investors and their portfolios.

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BNY Mellon: Will China's stimulus work?


Newton head of mixed assets investment Paul Flood reacts to the Chinese government’s economic stimulus package.

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Artemis: UK Smaller Companies: 2025 Outlook


In this short video, Artemis’ William Tamworth gives his views on what will bring IPOs back to the UK, whether the wave of M&A activity can continue and how smaller companies can pick up where they left off in the first half of 2024.

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Artemis: Global Emerging Markets: 2025 Outlook


In this short video, Artemis’ Raheel Altaf explains where he is seeing opportunities in the world’s fastest-growing economies, why now is a good entry point and his view on investing in China.

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Schroders: A snapshot of the world economy in December 2024


Donald Trump’s return to the White House means our economic forecasts for the global economy come with a higher-than-normal degree of uncertainty.

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Orbis: President's Letter 2024


In a world increasingly defined by stark extremes—growth vs. value, U.S. vs. the rest of the world, risk vs. safety—we aim to provide a balanced alternative, rather than be just another voice in the crowd. Our job isn’t to predict every twist and turn in markets perfectly—it’s to understand the terrain, adapt and invest wisely for the long-term.

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Schroders: Our multi-asset investment views - December 2024


We remain positive on equities as they continue to be supported by strong earnings. Find out more about our views on a range of asset classes here.

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AXA IM: Three Questions for 2025


What will be the “transformation rate” from Trump’s electoral platform to policy implementation? Will China go “all in” with its stimulus and engage on a proper model change? Can we “Make Europe Great Again”? At least one, possibly three key elections ahead this year.

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Pictet: Barometer: Sticking with stocks


Although last year’s rally has taken valuations for stocks to lofty levels, we believe US equities can build on their gains in the first few weeks of 2025.

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M&G Wealth: Weekly market commentary - available now


The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.

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AXA IM: Take two: Global markets end strong year; Eurozone factory activity continues to shrink


Global stock markets enjoyed a strong year in 2024, aided by investor optimism over falling inflation and easing monetary policy as well as growth in artificial intelligence and the US election result.

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Artemis: UK equities: 2025 Outlook


In this short video, Artemis’ Ed Legget explains why UK banks, consumer cyclicals and electricity companies appear poised to profit in the year ahead.

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Artemis: Fixed Income: 2025 Outlook


In this short video, Artemis’ Macro and Rates Expert Liam O’Donnell explains why bond markets are set up to provide a compelling combination of attractive yield and portfolio diversification in 2025.

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Reflections on the Autumn Budget 2024


Fidelity Adviser Solutions’ Paul Squirrell takes a detailed look at the new government’s first Budget and considers the implications for financial planning.

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T.Rowe Price: What will a second Trump presidency mean for markets?


Investors appear to expect Trump’s new term to be positive for U.S. stocks thanks to improved business confidence, deregulation, and stronger merger activity.

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Baillie Gifford: Three questions to ask your growth manager


Steven Hay, co-manager of the Baillie Gifford Managed Fund, shares his insights and answers three key questions: Why growth? Why active? Why now? Capital at risk.

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Baillie Gifford: Upfront episode 9


Hosts Cherry Reynard and investment manager Gary Robinson, delve into the post-election rally in US markets and assess the continuing momentum of AI. Capital at risk.

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Artemis: 2025 Outlook for Global Markets


The investment team give their views on global markets in a series of short videos.

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Artemis: Global Equity Income: 2025 Outlook


In this short video, Artemis’ Jacob de Tusch-Lec tells investors there’s more to the global market than technology stocks and US equities…

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Fidelity Adviser Solutions - Outlook 2025


Prepare for change. Reset your watches, wipe down the whiteboard, and turn the page in your notebook. A landmark US election, new stimulus in China, and growing geopolitical tensions indicate that the second half of the 2020s will bring significant changes compared to what we've experienced so far.

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T. Rowe Price: 2025 Global Market Outlook


The world is transitioning at a pace and scale rarely seen before. Radical innovations in AI and healthcare. Elevated geopolitical tensions, including the raised possibility of tariffs following the US election. A potential slowdown in global growth. Times like these demand actionable insights and the skill of active management. Here’s what to know to navigate the shifts and opportunities ahead.

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Schroders: Value investing: Staying disciplined in changing markets


Schroders’ Simon Adler discusses global equities from his perspective as a value investor – including the importance of maintaining style discipline.

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Orbis: Adam Karr: How to Think (and Work) Like a Billion Dollar Investor


In this episode of The Knowledge Project podcast with Shane Parrish, Adam Karr, President and Portfolio Manager at Orbis, outlines his personal framework for finding success in both life and business.

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AXA IM: Trump 2.0: déjà vu? Why investors should consider hedging inflation risk


Back in 2016, there were massive fears of global recession as oil prices dropped and China was believed to be slowing down.

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PIMCO: Negative Correlations, Positive Allocations


The inverse correlation between bonds and stocks has returned, broadening potential for risk-adjusted returns in multi-asset portfolios.

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Schroders: A new frontier: how wealth managers are seizing the opportunity in private markets


Explore the latest trends and challenges in private market investments for private investors, as revealed in this year's Schroders Global Investor Insights Survey.

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PIMCO: Three Layers of Active Portfolio Construction


Mohit Mittal, PIMCO's CIO of Core Strategies, discusses the value that active fixed income brings to portfolios, particularly in taking advantage of structural inefficiencies in global markets.

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Schroders: What wealth advisers think – Global Investor Insights Survey 2024


This year’s survey reveals how wealth advisers are adapting to an evolving landscape, with insights on sentiment, private markets, AI, and intergenerational wealth transfer

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M&G Wealth: Weekly market commentary - available now


The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.

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AXA IM: What the geopolitical changes mean for fixed income


The last 18 months have, overall, seen fixed income offer investors positive total returns with companies weathering macro uncertainty and yields still at attractive levels.

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PIMCO: Finding an Active Edge in Global Bonds


Andrew Balls, CIO Global Fixed Income, and Sachin Gupta, Portfolio Manager and Head of the Global Desk, discuss global bonds and why active management matters today.

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Schroders: A snapshot of the world economy in November 2024


This month’s economic infographic examines the implications of the US election and UK Budget and looks ahead to the next round of central bank meetings.

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M&G Wealth: Weekly market commentary - available now


The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.

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