Industry news and views from Panacea and our partners.

Investment Commentary_

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AXA IM: CIO Views: Fixed income performance driven by lower rate expectations


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Columbia Threadneedle Investments: ECB to cut rates as recession risks rise but markets dance to US tune


Is the risk of recession in the US really over? And what will it take to get investors to switch focus to Europe?

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M&G Investments: What China’s economic stimulus measures could mean for investors


Chinese policymakers have unveiled a raft of measures to support the country’s embattled economy. This marks a new determined resolve from policymakers - but what might it mean for investors in the country’s stock market?

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Pictet: Barometer: Emerging markets' turn to shine


The prospects for emerging market stocks and bonds outside China are improving as interest rates fall worldwide.

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AXA IM: Eurozone – High stakes amid political fracture risks


The US election’s potential impact on the Eurozone is rather binary – a Kamala Harris victory is unlikely to have a material effect but a Donald Trump win would. Trump wants to narrow the US trade deficit and the Eurozone is a key contributor to this.

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Columbia Threadneedle Investments: Will £ Hit $1.50 in 2025?


Signs indicate sterling’s ascent has begun in earnest. How soon before it reaches $1.50?

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Pictet: AI and big data: revolutionising urban resilience


Smart cities need to strike a delicate balance between deploying transformative power of AI and big data and reducing high tech's growing environmental impact.

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Columbia Threadneedle Investments: Will the £22bn black hole suck the UK back into recession?


Will the £22bn black hole suck the UK back into recession?

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M&G Investments: Bond investing to support positive environmental and social outcomes


Progress on the UN’s 17 Sustainable Development goals is lagging. With the target date of 2030 looming, less than a fifth of the goals are on track.

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AXA IM: How generative AI is transforming e-commerce


Artificial intelligence (AI) is changing what’s possible in online retail with exciting capabilities, innovative companies and promising investment opportunities in e-commerce.

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PIMCO's Cyclical Outlook


Join us on October 16th for a live discussion as we look ahead to the next 12 months, preparing for the shifting investment landscape and the opportunities that lie ahead.

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M&G Wealth: Politics, pain and planning


Thursday 17 October - 10am. With just under two weeks until Rachel Reeves reveals all, M&G Wealth will be talking about the speculation, the politics of what may or may not happen, and most importantly, the practicalities of financial planning.

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M&G Wealth: 'Weekly Market commentary


Look at the latest developments in investment markets with the weekly investment commentary from the M&G Treasury and Investment Office.

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Quilter Cheviot: IHT and the Great Wealth Transfer


£1tn is expected to change hands in the 2020s, knows as the Great Wealth Transfer.

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Orbis: Quarterly Commentary Orbis Global Cautious


We set up our multi-asset Funds based on our core skills—in-depth company research, and bottom-up security selection. Yet gold-related securities are among our top holdings. How do we, as bottom-up investors, think about an asset which produces no cash flows?

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AXA IM: Shaken, not stirred


Following a long period of low yields and price destruction – driven by the monetary tightening cycle - bonds have very much bounced back in 2024.

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M&G Wealth: The next smart move for your clients


As one of the most attractive guaranteed bond issues ever offered by NS&I comes to maturity, lots of savers may be looking for a new home for their cash. M&G Wealth offers some ideas.

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M&G Wealth: Weekly Market commentary


The latest market commentary is now ready, we hope this helps keep you up to date with short-term market performance for the week ending 4 October.

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T. Rowe Price: Are we partying like it's 1999 again?


With the amazing artificial intelligence (AI) rally that has been leading markets this year, questions have surfaced about the strength and sustainability of this major move, particularly given the recent market rotation away from the sector. Our clients often ask me how the current AI boom compares with the earlier dotcom bubble (and subsequent bust). In this note I try to answer that question, which should be helpful in showcasing how we think about AI, taking into account a broad range of views and opinions from our portfolio managers and analysts.

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T. Rowe Price: Three key themes to watch out for in emerging markets


What does the rest of 2024 have in store for emerging markets (EM)? It will be important to keep an eye on developed market economic growth and whether the slowdown turns into a recession that drags down EM and weighs on investor sentiment. For now, EM growth is fairly steady overall, while inflation has moved into the rear view mirror as a concern for investors.

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T. Rowe Price: Inflation, Energy and Market Volatility - Perspectives on Global Equities


What’s in store for global equities? David Eiswert discusses interest rates, energy and market volatility

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T. Rowe Price: Why U.S. trade policy matters this election both domestically and abroad


U.S. trade policy takes center stage this election. Host Ritu Vohora is joined by Washington Associate Analyst Gil Fortgang and Chief Emerging Markets Macro Strategist Chris Kushlis to discuss the key issues at stake and the economic implications.

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Register now: Rathbones Asset Management Multi-Asset Webcast


Rathbones Asset Management is delighted to invite you to their upcoming webcast on 23 October at 10.OOam with David Coombs, Head of Multi-Asset Investments.

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Baillie Gifford: Japan: opportunities in automation


Baillie Gifford investment manager Donald Farquharson explores Japan's automation revolution, highlighting the country’s expertise in robot development and key industry leaders.

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Why technical leaders have the advantage in the AI era


In the age of AI, having a leader with technical expertise can make all the difference. Scottish Mortgage manager Tom Slater explores how Meta, Shopify, Roblox and Spotify all benefit from chief executives with deep understanding of developing technologies.

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Fidelity Adviser Solutions: What the end of NS&I 6.2% bond tells us about cash savings


The past year has been a golden period for anyone looking for interest on cash, with savings rates beating inflation by the highest amount in years. A year on and with interest rates now falling, Fidelity’s Ed Monk looks at the options available as investors look for a new home for their savings.

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Pictet: 1.5°C lifestyles: consuming and living within planetary limits


Find out what kind of lifestyle changes urban planners and inhabitants should make in order for cities to meet the Paris climate goals.

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Columbia Threadneedle Sustainable Outcomes Global Equity Strategy Q2 update


“The Magnificent 7” refers to the seven biggest US technology related stocks which, except for Tesla, helped to drive markets to record highs at the end of the 2Q.

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T. Rowe Price: AI and fixed income: Booming demand for data center ABS and CMBS


Artificial intelligence advances have boosted data center demand, leading to a boom in issuance of asset-backed and commercial mortgage-backed bonds backed by centers.

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Cirencester Friendly: Why Gen Z could be the perfect match for protection


Think back to 1997. It was a year of huge optimism and change. Tony Blair’s New Labour won a landslide general election victory ending 18 years of conservative governments. The UK economy was beginning to show signs of recovery following the recession in the early 90s. British music and films were on the rise. “Things will only get better” was the perfect anthem to describe the mood in the country.

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Artemis: Why investors shouldn’t try to second-guess election results


Alex Stani? of the Artemis Global Select Fund says that while he isn’t adjusting his portfolio based on who he thinks will end up in the White House, this doesn’t mean he is ignoring the presidential race entirely.

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Register now for Baillie Gifford’s Disruption Week 2024


Baillie Gifford invites you to join Disruption Week 2024, our live webinar series exploring forces driving the growth of some of the world’s most exciting companies.

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PIMCO: The Federal Reserve is set to cut rates – but by how much?


Balanced risks to inflation and employment indicate it’s time for the Fed to normalize interest rates, enhancing a positive backdrop for bonds.

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Columbia Threadneedle Investments: Fed holds the key to the next market moves


The Federal Reserve is set to cut rates – but by how much?

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AXA IM: Rolling down the mountain


The path to lower interest rates is clear - at least in market pricing terms. Markets suggest we are heading towards a 3% Fed Funds Rate and a 2% policy rate in Europe.

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Pictet: The AI tipping point


ChatGPT has opened the door to a new phase of tech development, with businesses eager to embrace the innovation, says Azeem Azhar, tech entrepreneur and creator of Exponential View newsletter.

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Quilter Cheviot: Taking Stock - After The Bell: A Chicago Bear or Bull?


David Mortlock, Managing Partner at Berenberg Bank, joins James and Jonathan to take a trip around the world discussing what's going in the economy and pertinent issues in financial markets.

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Columbia Threadneedle Investments: The BoE: double punched from QE & carry trade unwinds


The BoE’s QE programme has all the features of a carry trade – borrowing cash to fund volatile positions in long-dated government bonds.

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Pictet: Alternative credit: why overlooking Europe is a mistake


From private debt to distressed and special situations, Europe is fertile ground for investment in alternative credit. It's a region investors can't afford to ignore.

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PIMCO: Why Now For Fixed Income


With central banks poised to begin, or continue, cutting rates, the time is potentially right to move into fixed income. We believe the first step to lock-in today’s attractive bond yields could be moving into a high-quality, active bond strategy.

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