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Investment Commentary_
Rathbones Asset Management - In The KNOW blog: New frontiers
Bingeing on Apple TVs counterfactual space race saga For All Mankind, Rathbones Asset Management senior multi-asset investment specialist Craig Brown is reminded of the technological advances that come from defence industries.
Columbia Threadneedle Investments: Are interest rates cuts in jeopardy?
Talk of early 2024 US rate cuts, which spurred a strong rally in bonds and equities globally, has seen a significant reversal.
AXA IM: Postcard from Davos
Given the fraught geopolitical context, there were many reasons to worry for the participants to the World Economic Forum, but the atmosphere was lifted by a sense that the rivalry between China and the US is better managed.
Quilter Cheviot: Fund Buyer - 2023 fund review: Tech hot, China not. What lies in store for 2024?
As we step into 2024, a look back at the winners and losers from last year and a few predictions about what the fund industry might be talking about in 2024.
M&G Wealth: Is the future still in US equities?
In this insight article, we explain why we think US equities could continue to do well this year but the risk-reward for long-term investors is less attractive than other equity regions.
AXA IM: 2024s elections around the world: The whos who and the so what
More than 60 countries, representing almost half of the worlds population, go to the polls in 2024.
Columbia Threadneedle Investments: Multi-Manager Peoples Perspectives
Financial markets appear to have started the year with a bit of a hangover, which us no surprise given the very festive mood in both equity and bond markets in the final two months of 2023.
Schroders: Could smaller companies have a bright spot despite a gloomy environment?
Investing in smaller capitalisation (small cap) stocks when economic conditions are tough can feel uncomfortable. Yet, history tells us that this can be a good time to start considering whether these companies deserve a place within a diversified portfolio.
Pictet: With great power, comes great responsibility: Tech and its complex relationship with ESG
Having enjoyed a strong rally, technology stocks are now a key feature of both active and passive equity portfolios. This means understanding their ESG credentials has never been more important.
AXA IM: Probing the Last Mile
The macroeconomic fate of 2024 will depend on whether the disinflation process which started last year can continue swiftly, allowing central banks to remove some of their restriction.
PIMCO: Get More From Your Core
The steepest interest-rate-hiking cycle in decades has set global economic activity on a course that remains difficult to map, making it especially important to respect risks and to look to build portfolios capable of performing well in a variety of conditions.
AXA IM: Take Two: Doubt over early rate cuts; China meets 2023 growth target
The European Central Bank (ECB) is more likely to start cutting interest rates in the summer, than the spring as markets had anticipated, ECB President Christine Lagarde has indicated
Columbia Threadneedle Investments: ESG Viewpoint: Interpreting climate data for investment portfolios
Climate change and the energy transition will impact the long-term performance of investment portfolios. Here we look at how investors should interpret climate data for managing investment portfolios.
Rathbones In The KNOW blog: What happens when UK investors go on strike?
Its not only train drivers, doctors and teachers downing tools in the UK. Rathbones Asset Management Income Fund Manager Alan Dobbie asks where all the investors have gone.
Columbia Threadneedle Investments: Will the UK be the best performer in 2024?
After a dismal couple of years for the UK economy, Steven Bell shares why he is optimistic for big improvements in 2024 and how the UK could beat consensus expectations and possibly even perform better than other countries.
Baillie Gifford Managed Fund: performance update
The 2022 inflation shock left the Baillie Gifford Managed Fund out of favour, creating a fantastic opportunity. Client service director Gareth Roberts addresses a dip in performance, what we have learned from it, and explains why todays portfolio is in great shape.
Orbis: Great expectations: Is growth burning too brightly?
As weve seen, the markets current obsession is with artificial intelligence (or AI) and the magnificent seven: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla. As a group, they are up 60% year to date.
Allianz Global Investors: The China Briefing - Expectations of Chinas growth trajectory
Chinas growth will likely continue to surpass most Western economies. A range of 3-5% seems likely in the coming years
Schroders: Quarterly markets review - Q4 2023
A look back at markets in Q4 when hopes of imminent interest rate cuts boosted shares and bonds.
AXA IM: Take Two: Fed indicates high rates for some time yet; Eurozone inflation accelerates
The Federal Reserve may ease monetary policy this year but warned interest rates could remain high for some time until inflation falls further.
Pictet: Seven trends to watch in 2024
The key trends to look out for in science, technology and sustainability over the next 12 months and beyond.
Orbis: President's Letter 2023
History rarely repeats but often rhymes. And the concentration we see in todays stockmarket indices is reminiscent of the nifty fifty bubble that was collapsing 50 years ago when our founder, Allan Gray, started in South Africa.
Artemis: How Mexico overtook China as the USs key trading partner
Governments and businesses have already spent billions of dollars on reshoring and nearshoring, but Natasha Ebtehadj, co-manager of the Artemis Global Select Fund, says they are just getting started. She reveals who she thinks will be the winners and losers of the trend.
Artemis: US Outlook: The end of the mega cap-driven market?
Artemis US equity managers reflect on 2023 and share their thoughts on the outlook for US equities in 2024. Sectors they favour include housing, infrastructure and life sciences.
Artemis: What does 2024 have in store for UK equities?
The UK has been out of favour with international investors ever since it voted to leave the European Union in 2016. Could this be the year that all changes? Find out as Artemis UK equity managers reveal which trends are likely to have the biggest impact on returns over the next 12 months.
Artemis: The graph that highlights the opportunity in high yield
David Ennett says that when evaluating how much credit risk to take, the most consequential decisions come from how you allocate within the high-yield market, rather than being in or out of the market itself.
Orbis Global Equity
In 2023 we felt like we were running on a treadmill, while Mr Market took the flying carpet. Though the Strategys absolute return was good, it trailed the benchmark which was driven by the so-called Magnificent Seven stocks.
Prudential: The New Allowances
The LTA has been replaced with three new allowances. The Lump Sum Allowance (LSA), the Lump Sum and Death Benefits Allowance (LSDBA) and the Overseas Transfer Allowance (OTA).
Schroders: Will Suez shipping disruption derail hopes for rate cuts?
David Rees looks at the impact recent disruption to shipping may have on inflation, the outlook for interest rates, and deglobalisation trends.
AXA IM: Risk Asymmetry
While so far in the new year the equity market has not kept up with its pre-Christmas exuberant mood, forward contracts suggest investors still believe that the ECB and the Fed will deliver quick and massive accommodation in 2024
Quilter Cheviot: Taking Stock - Small cap opportunity?
Few places have been hit as hard as the UK small- and mid-cap markets with the Numis Smaller Companies Index which covers the bottom 10% of the UK main listed market down over 30% from its peak during the pandemic.
PIMCO: Safety in Numbers: Why the UK Economy No Longer Looks Like an Outlier
Many thought the UK economy was exceptional, but it has now converged a timely reminder that, for investors, it pays to look under the bonnet.
Brilliant Solutions - Brilliant Events
With the end of 2023 insight we have gone ahead and released our 2024 events. So do not miss out and register now for all your Brilliant Live Briefings, Live Webinars, Specialist Lender Roadshows and Roundtables.
Quilter Cheviot: Taking Stock - After The Bell: Profits (Growth) Means Prizes
We discuss the importance of earnings growth to equity returns, the 'Magnificent 7', the risk to profit margins and some other areas of the market.
PIMCO: Get More From Your Core
Tune in for our live 2024 global economic outlook and the implications for investors with Dan Ivascyn, Group CIO, Tiffany Wilding, economic advisor, and Ken Chambers, fixed income strategist.
Allianz Global Investors: 2024: a strong year for emerging market debt?
From the likely end of interest rate rises in the US to improving economic data we see reasons to be bullish about the outlook for emerging market fixed income in 2024. We explain six reasons why were expecting double-digit returns for the asset class.
Schroders: Quarterly markets review - Q4 2023
A look back at markets in Q4 when hopes of imminent interest rate cuts boosted shares and bonds.
HelloFresh: changing how people eat forever
With its innovative approach to reducing the pain of meal planning and grocery shopping, the direct-to-consumer (DTC) meal-kit delivery service HelloFresh reduces food waste by providing convenient and healthy meal options straight to its customers' doorsteps.
Baillie Gifford Japanese Fund - what the market is missing
Japan displays several encouraging trends, with potential in areas such as the internet and automation. Watch investment manager Matthew Brett and investment specialist Thomas Patchett discuss the Baillie Gifford Japanese Fund and reflect on this years performance. Capital at risk.
Baillie Gifford Positive Change Fund - Webinar Recording
Investment specialist Rosie Rankin provides an update on the funds performance and explains why the current outlook for purpose-driven companies is so exciting.