Industry news and views from Panacea and our partners.
Investment Commentary_
Baillie Gifford Multi Asset webinar
Even with inflation woes ebbing away, central banks seem intent on maintaining their higher for longer interest rate mantra, leaving the global economy teetering between a recession and a soft landing.
Quilter Cheviot: AIM Q3 update: how we mitigate risk in an AIM portfolio
Risks come in many shapes and forms and whilst the AIM is recognised for the IHT benefits that companies qualifying for business relief bring, it can be seen as higher risk than other investments.
Quilter Cheviot: MPS Q3 update: MPS in Conversation: Is property about to stage a comeback?
This quarter, Antony Webb and Oswald Oduntan from Quilter Cheviots MPS team are joined by Property Analyst, Oli Creasey.
Aegon: Robust risk management helps to deliver reassuring results for investors
July marked the three-year anniversary of our Risk-Managed Portfolios. A lot has happened over the last three years a global pandemic, a land war in Europe, the highest rates of inflation in the UK and US for 40 years, and the steepest rises in interest rates for decades.
Schroders: Schroders Equity Lens October 2023
Your go-to guide to global equity markets. This month's Lens looks at cheap stock markets, stocks vs bonds, and a sustainability stock market league table, alongside our usual wrap-up of everything you need to know in equity markets.
Quilter: Advice opportunities for onshore bonds
Did you know that 73% of people* think the most important thing when gifting money is as ensuring the right person in the family receives it, not HMRC?
Quilter: Dont settle for less
Want to offer your clients additional value and help them pay less tax? You can with Quilters onshore bond thats fully integrated into their platform. But their value doesnt end there. Quilters platform has a host of benefits which stack up to provide overall value thats hard to beat.
BNY Mellon: A secured finance primer capturing value by understanding and exploiting complexity
Secured finance may be a rare example of an asset class that has the potential to regularly provide higher returns for lower risk.
PIMCO: Fed Seems Confident in Soft Landing, But We See Risks
The Federal Reserve forecasts only a modest uptick in U.S. unemployment next year as inflation cools, but history and current labor market trends make us less certain.
Schroders: Five predictions for the post-Consumer Duty world
The Consumer Duty Deadline has been and gone but what next and what will the post Consumer Duty landscape look like? Here are our 5 predictions.
AXA IM: The age of AI and its long-term investment potential
While the S&P 500 is ahead by some 19% year to date, the tech-heavy Nasdaq index has delivered a formidable total return of 35% as behemoths such as Amazon, Alphabet, Microsoft, Apple and Google have seen their shares prices soar.
Columbia Threadneedle Investments: When will interest rates be cut?
Steven Bell, Chief Economist EMEA, on why he is optimistic that interest rates will be cut early in 2024, starting in the US with the UK and Europe to follow.
Adam KarrExtreme alignment at Orbis
Orbis President, Adam Karr, chats to Ted Seides from the Capital Allocators podcast to discuss the benefits of alignment with our clients and how data and independent thinking feeds into our portfolio construction.
Pictet: The new chattering class: how ChatGPT will change communication
Large language models like ChatGPT are a new technology that will change the way that we communicate: mostly for the better.
Allianz: Is there anything positive about China?
After the last two weeks of turmoil in the property sector, Chinese policymakers have reacted with a number of announcements, hoping to provide much-needed support to the market.
Pictet: There's more to tech than ChatGPT
Generative AI may have enthused investors, but it's only a subplot in the much grander story of the technology sector's transformation.
AXA IM: At The Top
The Table Mountain metaphor for the current monetary policy cycle is interesting. Anyone having visited Cape Town might know that you can ascend the mountain via a very smooth cable car ride.
Columbia Threadneedle Investments: Is inflation beaten?
Peak rates are close for the US and UK, says Steven Bell, Chief Economist EMEA. But where the two countries go from there could be quite different.
Schroders: A snapshot of the global economy in September 2023
We look at the implications of Chinas property market woes, ask why Brazilian growth has surprised so positively, and outline our latest global growth forecasts.
AXA IM: Lettuces and Prime Ministers (not cabbages and kings)
Voters want more money for public health and education, while public sector workers want higher pay. With just over a year to go before the general election, this is the UKs political stage.
Pictet: Whether the landing's hard or soft, bonds look good
Yields on government bonds and corporate credits are generous enough to protect investors against considerable market volatility.
Prudential: Taxation of Bare Trusts
It is a trust where trustees hold property on trust for one or more beneficiaries absolutely. Each beneficiary has an immediate and absolute title to both capital and income.
Columbia Threadneedle Investments: Avoiding the scrum
A handful of tech names have turbocharged the US equity markets performance. What does it mean for concentration risk, will their leadership continue, or should investors look further afield?
AXA IM: Sober September
With the summer holidays behind us, speculation about where markets go from here is ramping up once again. But the truth is, not much has changed.
Columbia Threadneedle Investments: Japans renaissance steers equities overweight
A unique set of catalysts are presently benefitting Japan-listed companies. We look at their ability to endure.
Pictet: Why investors in Europe can no longer afford to ignore private equity
Investors in European equities are missing out if they just focus on listed stocks, particularly when it comes to the mid-cap sector.
Schroders: Why risk money on the stock market when cash seems safer?
With over 5% interest on cash your clients may be questioning whether they should risk money on the stock market. Some may be asking, 'why should I invest?' or others even, 'why should I stay invested?'.
M&G Wealth: LTA Abolition
The governments proposal to abolish the Lifetime Allowance have many asking how pension commencement lump sums will be calculated under the new rules. In this short video we look at what we currently know of the new rules for calculating the tax free amounts payable from 6 April 2024.
Quilter Cheviot: Taking Stock - After The Bell Episode 15: If You Like Pina Coladas
GARS closure. Declining choice for UK investors. Economic growth errors (big ones). UK market concentration. Strava subscriptions. Small cap renaissance?
Jupiter AM: Inflation in Japan: threat or opportunity?
Dan Carter and Mitesh Patel examine a surprising move from the Bank of Japan was it a mistake, and what consequences might it have for the Japanese equity market?
Jupiter Merlin Weekly: Is The City backing Labour?
The Jupiter Merlin team look at the early moves in the 2024 UK general election race, as Labours economic credentials may encounter a dose of fiscal reality.
Jupiter AM: Notes from the Investment Floor: Whats driving Indias momentum?
Avinash Vazirani examines the momentum behind the equity market and, while warning that investors must keep their heads, explains why hes bullish about Indias future.
T. Rowe Price: The Fairy Tale of a Soft Landing
Early in 2023, the consensus view was that a global recession was coming later in 2023. But as the year has matured, the consensus outlook has completely shifted. A soft landingor even no landingis now the consensus. What is remarkable is how strong the consensus has become. The consensus is, indeed, so consensus!
Jupiter AM: What central banks are saying about gold
Ned Naylor-Leyland says investors should pay attention to the views of central bankers on gold, especially since the yellow metal is nearing an inflection point.
Baillie Gifford Managed Fund Webinar
Investing is never easy, but the last few years have been particularly tough for growth investors. However, the Baillie Gifford Managed Fund has an almost 40-year record of investing through change and volatility to provide investors with long-term capital growth.
Scottish Mortgage: Innovation breeds growth
Some technologies advance exponentially. Scottish Mortgages Tom Slater highlights how innovators build on past discoveries, which companies then combine in novel ways to create value and power progress.
Columbia Threadneedle Investments: Multi-Manager Peoples Perspectives
Equities have generally trended lower, giving back a little of the solid returns we have seen in the first half of the year.
AXA IM: Hedging the recession risk
The gap between corporate bond index yields and overnight interest rates is as narrow as it gets. Rates have gone up, and credit spreads have narrowed in recent months, with the mini-banking crisis in March proving to have been a great buying opportunity.
BNY Mellon: Market Watch 73
In this week's Market Watch, Shamik Dhar gives a taster of things to come over the next few weeks, exploring the potential of a soft landing and his views on the outcome for interest rates.
Artemis: Emerging markets: three catalysts for change
After a disappointing start to the year for emerging markets, valuation multiples have fallen to multi-decade lows relative to their counterparts in the US. Raheel Altaf asks whether that discount can last and examines the factors that might trigger change.