Industry news and views from Panacea and our partners.
Investment Commentary_
Pictet: A short cut to better bond returns
The volatility of the fixed income market has left investors wary. But the yields offered by shorter-dated bonds are as attractive as they have been in quite a while.
Artemis: Leading Consumer Brands Quiz
To celebrate the launch of the Artemis Leading Consumer Brands fund on 1 December, fund manager Swetha Ramachandran has created a quiz showcasing some interesting facts about some of the worlds most well-known consumer brands.
T. Rowe Price: Broadening Equity Horizons
Global equity markets are likely to remain challenged in 2024 as the world transitions to a regime of higher trend inflation and interest rates. This environment will demand a greater attention to risk management, as the transition could create shifts in expectations for earnings growth, triggering volatility.
T. Rowe Price: Rethinking Fixed Income
The massive tightening of financial conditions since late 2021 has produced a fixed income market vastly different from the stimulus-fueled environment during and following the pandemic. The cross currents generated by these changes will challenge investors again in 2024.
T. Rowe Price: Navigating Macroeconomic Fog
The COVID pandemic and the subsequent recovery continue to distort the economic data, forcing economists who rely on traditional recession signals to continually revise their assumptions. As a result, the most anticipated global recession in history has become the most delayed recession in history.
Columbia Threadneedle: Greater clarity and a focus on financial outcomes
Whats in store for responsible investing from here? We explain why environmental, social and governance factors matter, highlight the importance of meeting defined client needs and discuss our active ownership efforts in 2024.
Columbia Threadneedle: So we say Thank You For the Music
From recording royalties to renewable energy infrastructure. Exploring the role alternatives can play in a diversified portfolio and the opportunities that exist beyond equity and bond markets.
Allianz: Sustainable investing: five themes for 2024
Pragmatism is the watchword as we look forward to the topics that may shape sustainable investing in the new year.
Quilter Cheviot: Autumn Statement Damp Squib
We are joined by Ian Cook, Financial Planner, to discuss the what little news there was from the Autumn Statement. We also delve into the world of financial planning and discuss some of the hand-holding that investors inevitably need on their investing journey.
AXA IM: Our views for 2024
For 2024 we expect lower growth, lower inflation and limited interest rate easing. We expect global GDP growth will reach 2.8%, down from an expected 3.0% in 2023 but anticipate acceleration in 2025. 2024 will be significant politically with the US Presidential Election likely to be most consequential globally.
Columbia Threadneedle: More constructive but still cautious on equities
US Inflation has come down a long way with no discernible worsening in the labour market. This leads us to be more constructive on US equities.
Rathbones - The Sharpe End podcast: All Coombs wants for Christmas is two (Points)
Its that time of year again where the whole Sharpe End team get together for the Christmas Special and become Davids judge and jury on the predictions he made for 2023 at the end of last year. Did Davids crystal ball serve him well in calling what happens to the bond markets, commodity markets, equity markets, and a few more random areas too!? Last year David managed 5.5 points, an advance on the 4.5 points of the year previous. Will his march toward prediction perfection continue, or will it all come crashing down to reality with a bump?
Quilter Cheviot: AIM reasons to be optimistic
The UK small-cap sector has been hit particularly hard in recent years by a combination of macroeconomic factors and seemingly increasingly pessimistic views on the prospect of conducting business here. However, there are several reasons for optimism among investors and, as Albert Einstein said, in the middle of difficulty lies opportunity.
Rathbones In the KNOW blog: Present Stress
Investors have spent a year obsessing over risks. Head of multi-asset investments David Coombs tries to deal with them one at time.
Schroders: Outlook 2024: Markets in the age of the 3D Reset
The 3Ds of decarbonisation, demographics and deglobalisation are forcing investors to change their view of the world. The stakes have been raised; investors need to work harder to outpace inflation and to compete against a return on cash in the bank.Johanna Kyrklund, Co-Head of Investment & Group CIO, Schroders.
Pictet: Barometer: Geopolitical risks cast shadow over stocks
The conflict in the Middle East threatens to further destabilise the economy and financial markets. As a result, we remain neutral stocks and overweight bonds.
Baillie Gifford South-east Asias rising export stars
South-east Asian nations, such as Vietnam and Indonesia, have begun challenging China for its status as the worlds leading exporter. Baillie Giffords Ben Durrant recently returned from the region and discusses some of the growth opportunities he unearthed on his trip.
Baillie Gifford: Japanese growth: an evolving opportunity
After a challenging period for growth investing in Japan, Donald Farquharson, Head of Japanese Equities at Baillie Gifford reflects on how the landscape is changing and why its time to take the this time its different story seriously.
Allianz: The pillars of premium brands price-setting power
Thanks to their price-setting power, premium and luxury brands can offer compelling investment opportunities, even in high inflation environments.
BNY Mellon:Euphoric bond markets and rallying equities.
In this edition of market watch, Shamik Dhar, Chief Economist at BNY Mellon Investment Management explores the increasing feasibility that the US engineers a soft landing or immaculate disinflation. Given that US consumer price index figures were lower than expected for the fourth consecutive time, what does this mean for markets?
Jupiter AM: Webcast: Jupiter Merian Global Equity Absolute Return Fund
Amadeo Alentorn presents an alternative approach to global equities.
Baillie Gifford: Legally bond: where our credit investors are finding underappreciated resilience
By keeping an open mind and not judging companies on superficial attributes, we hope to find attractive investment opportunities that other credit investors might overlook. Baillie Giffords Theo Golden explains.
BNY Vantage Point: Recession Fatigue
This quarters focus considers two key questions: firstly, how much economic slack is necessary to bring inflation back to target sustainably; secondly, are major economies diverging for the first time in two years? Despite rate hikes across the central banks, core inflation and labour markets pose challenges and point toward recessions consistent with our market outlook.
Pictet: Fixed income through the investment cycle
There are fixed income assets for every economic scenario.
Schroders: Bond market panic - how might investors respond?
Alex Funk, CIO of Schroders Investment Solutions, joins the pod to discuss ongoing volatility in bond markets and how investors might react.
Allianz Global Investors: Artificial Intelligence as a crosstopic driver in Thematica strategy
Discover the growth prospects artificial intelligence is adding to our Thematica strategy and how investors can benefit from AI-driven structural shifts.
PIMCO: Understanding the Rise in Bond Yields
Implications and Opportunities for Investors. The spike in bond yields presents an opportunity for fixed income investors to earn capital gains and diversify portfolios.
Register now - James Thomson and 20 years of the Rathbone Global Opportunities Fund
Join James Thomson on his 20-year anniversary as lead fund manager for the Rathbone Global Opportunities Fund on Wednesday 29 November 2023 at 10.00am. For professional advisers only. Taking over management of the strategy in the years succeeding the dot-com bubble; navigating the fund through the most notable global financial crisis in a century; ensuring the fund benefitted in a 0% interest rate environment that paved the way for a decade of growth stock dominance; and more recently, proving the worth of active management amidst a global pandemic, devastating international conflict, rapid rises in inflation and the subsequent impact on interest rates. James has certainly seen it all, or has he?
Quilter: Increase the net wealth of your clients who hold pension savings
The abolishment of the pensions lifetime allowance means any clients with larger pension funds risk losing thousands of pounds that they could take tax-free. You can help them take action. Find out how higher rate tax payers could be £59,406 better off, and lower rate tax payers could have an extra £16,973, by withdrawing and reinvesting their tax free cash into other tax wrappers.
Jupiter AM: Webcast: Why the time is ripe for Emerging Markets
Nick Payne, fund manager of our Global Emerging Markets Focus strategy will delve into opportunities in emerging markets and our fund capabilities within the asset class.
Invesco: Turn our expertise into your edge
Investing isn't a part of what we do at Invesco, it's the only thing we do with 25+ years of experience. Explore the Invesco Adviser Investment Solutions offered by Invesco, comprised of MPS and fund-of-fund ranges.
Columbia Threadneedle Investments: Interest rates: higher for longer or big cuts in 2024?
Central banks are maintaining the higher for longer narrative. Steven Bell, Chief Economist EMEA, explains why he thinks cuts are likely early in 2024.
Baillie Gifford Sustainable Income - Webinar Recording
Investment specialist Tom Danaher chats with manager of the Sustainable Income Fund Steven Hay about three big questions for those weighing up their pension options amid the challenges of the past five years.
Baillie Gifford Multi Asset Investment Update
Even as inflation slows, central banks are maintaining high interest rates, leaving the global economy teetering between recession and a soft landing. Baillie Gifford investment manager Scott Lothian discusses how the portfolio is adapting in this recent webinar.
Rathbones - The Sharpe End podcast: S bend it like Biden?
Is US President Joe Bidens huge infrastructure stimulus bending the US Treasury yield curve more than Beckham at the dead ball? Moderating inflation hasnt stopped long-term US Treasury bond yields from whipping higher (and therefore prices falling sharply) in the past couple of months could it be worries around government spending and the much larger amount of bonds being sold at auction?
Jupiter AM: Webcast: Seeking equity income in Asia and Japan
Where can equity income investors find the most attractive combination of income and growth in a world of higher inflation and higher interest rates?
Jupiter AM: Macro view: hard landing ahead?
Ariel Bezalel and Harry Richards, investment managers of the Jupiter Strategic Bond strategy, outline their macro thesis and current view of markets.
Jupiter AM: Global industry flows: a new enhancement to our systematic investment process
Yuangao Liu and Amadeo Alentorn describe a new enhancement the Jupiter systematic team has developed and introduced into its investment process.
Jupiter AM: Webcast: Seeking quality in European markets
With the global economy perhaps headed for recession, where can investors find secular growth opportunities?