Industry news and views from Panacea and our partners.
Investment Commentary_
Quilter Cheviot: Capital Gains Tax and MPS
The annual exempt amount (AEA) for capital gains tax has been halved for the 2024/25 tax year, completing a two-staged reduction that significantly diminishes its benefits.
Columbia Threadneedle Investments: Game on Inflation
Leading indicators imply falling UK inflation could be sustained. This, and rate cuts in Europe and the US, raise the odds of an easing in the UK.
Quilter Cheviot: Climate Assets monthly update: Beauty is Truth, Truth Beauty
We are sensory animals stimulated by what we see, hear, touch, taste and smell. Our senses evolved to trigger a move from immediate danger.
AXA IM: Measuring energy: Losses and efficiencies with an electric silver lining
There are ever-growing opportunities to invest in companies that can deliver energy efficiency gains and in the broad electrification ecosystem
Pictet: Don't underestimate the energy transition
Diego Diaz Pilas, the global head of technology and ventures at Iberdrola, offers insights into the speed of the energy transition and its challenges in this conversation with Mega.
Schroders: Green Macro Newsletter March 2024: climate regulation, mitigation and increasing physical risks
A roundup of critical news relating to the economics of climate change and the energy transition; links to Schroders' latest research as well as key reports from other organisations; and a look-ahead to upcoming key dates and events.
Pictet: Barometer: A spring in the market's step
Equities should extend their rally as interest rate cuts appear imminent in the US and other developed economies.
Columbia Threadneedle Investments: Will sticky inflation stop the US cutting interest rates?
Disappointing data has dampened expectations around US rate cuts. We think that pessimism is overdone and explain why.
Orbis: Digging deeper: unearthing hidden opportunities
The recent rebound in growth means that valuation spreads have widened to extremes once again. While the obvious, eye-catching prizes like the Magnificent Seven can be tempting, we explain why it can pay to dig a little deeper.
MPS in Conversation: Geopolitics, supply chain disruption and reshoring - what do they mean for investments?
Join this Quilter Cheviot webinar on 10th April at 10:00. This quarter, Antony Webb and Oswald Oduntan from our MPS team are joined by Tom Gilbey, equity analyst at Quilter Cheviot.
Rathbones Asset Management - In The KNOW blog: Are you concentrating?
Ten huge stocks account for almost a third of the US S&P 500. But concentration risk is even more pronounced in the UK market. Rathbone UK Opportunities Fund Manager Alexandra Jackson explains that UK smaller and mid-sized stocks offer much better breadth.
T. Rowe Price: Global equity update with David Eiswert
David Eiswert recently travelled to Asia with others on our investment team to meet with companies
T. Rowe Price: Investment implications of generative artificial intelligence
We believe there are compelling reasons why investors should embrace artificial intelligence (AI) as a long?term investment theme.
T. Rowe Price: Current market inflation expectations are ridiculous
Raise your hand if you honestly thought year-over-year U.S. headline consumer price index (CPI) inflation would peak in June 2022 at 9.1% and stay above 6% into early 2023. I expect to see very few handsforecasts for inflation from 2021 through 2023 were wildly inaccurate. Even many central bankers and most economists got it wrong and were forced to rethink long-standing assumptions about inflation. Put your hand down if you even whispered transitory.
Invesco: How could a Trump or Biden victory impact geopolitics? Takeaways from our webinar
Discover how a Trump or Biden victory could impact geopolitics in the first of our three-part webinar series on the policies, the politics and the results of the US presidential election.
Artemis Why should investors be excited by European equities?
Philip Wolstencroft, manager of the Artemis SmartGARP European Equity Fund, explains why he is excited about market dynamics in Europe.
Artemis: What is different about the UK market this time?
Ed Legget, Manager of the Artemis UK Select Fund, explains why he believes things are aligning for a UK equity comeback.
AXA IM: Dont give up on us baby!
We are now in that phase and recent US inflation reports illustrate this. The big picture, however, is that inflation is lower and is consistent with a soft landing scenario.
Quilter Cheviot: Taking Stock - After The Bell: Lessons from a 40-year career
Chief Investment Strategist, Alan McIntosh shares some excellent advice for those embarking on their investing journey.
Pictet: GLP-1 drugs: the diet killers?
Obesity drugs have the potential to be a healthcare revolution. With caveats
Columbia Threadneedle Investments: Interest cuts to start in June
Consensus for June rate cuts from the Fed and ECB are firm. What are the odds that the UK, seen as a laggard, could follow through too?
Investec W&IM: Heat, Not Light
There are no real grounds to be making big tactical asset allocation decisions based on the forthcoming polls.
AXA IM: Fog on the Window
The market has moved markedly from its exuberant expectations of massive cuts by the Fed to price barely three cuts in 2024.
Columbia Threadneedle Investments: ESG Viewpoint: The cost of gender disparity in Asian companies
Failure to address disparity between genders could lead to various forms of societal and economic losses. Weve been engaging with 26 of Asias most influential companies on this topic.
PIMCO: High Quality Credit Opportunities
CIO Global Credit Mark Kiesel and Jason Duko, Portfolio Manager, discuss why now is the time to invest in high quality global corporate bonds, loans and high yield credit given current market dynamics.
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 theres also a customer-friendly version to share directly with your clients.
Quilter Cheviot: Your March MPS update
Global stocks extended their rally in February, with US equities continuing their strong recent outperformance of other markets. Large tech companies were at the forefront of this advance
Cirencester Friendly: Updated Claims Statistics 2023
By publishing our claims statistics, our intentions are to help you as advisers, and your clients, make an informed choice when selecting income protection cover and to help you and your clients ensure submitted claims are valid.
Artemis: What has caused the market dislocation around leading consumer brands?
Swetha Ramachandran, manager of the Artemis Funds (Lux) Leading Consumer Brands fund, explains what has caused the recent market dislocation in the asset class. Video length: 1min 15 secs
Artemis: What is the catch-up opportunity for emerging market investors?
Emerging markets funds manager Raheel Altaf explains why a catch-up opportunity is creating a good entry point for investors in emerging markets.
Artemis: What are investors missing about the UK market?
Andy Marsh, Nick Shenton and Adrian Frost of the Artemis Income Fund explain what they think investors are missing about the opportunity in UK equities.
Columbia Threadneedle Investments: Mag 7 #Supersize Me
Over consumption of the Magnificent 7 companies is distorting stock valuations and driving extreme concentration in index returns. Does this pose risks?
AXA IM: A Conversation about the Conversation
Many members of the ECB Governing Council have already taken to the wires to opine on cutting rate, so it is unlikely in AXA Investmenet Managers view that Christine Lagarde will deny this week that the conversation has started internally.
Pictet: Barometer: Tech's profit growth should continue to propel stocks
Robust earnings from the IT sector suggest tech stocks should add to their gains. Japanese equities are also set to extend their rally.
Quilter Cheviot: Fund Buyer - Active ETFs: the next big thing?
On todays fund buyer I discuss a major trend in the US asset management industry that has gone somewhat unnoticed in Europe, the rise of active ETFs.
Orbis: Inflection PointsWhere are we now?
"The economic extremes we have reached cannot be sustained, which is why we are seeing multiple inflection points across the economic landscape," says Orbis Investments' Alec Cutler.
Invesco UK Opportunities Fund (UK): Q4 2023 Manger review and outlook
Martin shares his thoughts on the challenges of the last quarter and his outlook for UK Equities.
Artemis: Why is a polarised US market an opportunity for investors?
Artemis US equity fund manager Adrian Brass explains why the current US market is a particularly rich hunting ground for his long/short investment
Artemis: Why 2024 could finally be the UKs year
The UK has been out of favour among international investors ever since 2016s referendum on membership of the EU. But Artemis fund managers think this could be the year that all changes.
Artemis: Should investors welcome share buybacks?
Mark Niznik, manager of the Artemis UK Smaller Companies Fund, says that no one knows a business as well as the person running it, so it can be taken as a vote of confidence if they buy back its shares.