Industry news and views from Panacea and our partners.
Investment Commentary_
BNY Mellon: Why muni bonds matter
Weighing the pros and cons of municipal debt investment.
Baillie Gifford: Upfront: Episode Three
Catch up on the latest episode featuring a Q&A with Sustainable Growth Fund manager Katherine Davidson, and find out more about leading luxury goods conglomerate, Kering, from European Fund Manager Stephen Paice.
Jupiter Merlin Weekly: Gilt yields and a deeper malaise
The Jupiter Merlin team consider the rich yields available in the gilt market and why improving an ailing NHS should be made a national priority.
Jupiter Merlin Weekly: What to make of contradictory data?
The Jupiter Merlin team discuss seemingly contradictory economic data as central banks are finding that the path to containing inflation is strewn with difficulties.
Invesco: Lets keep it real. Why invest in markets when cash rates are so high?
The days of receiving virtually nothing for the privilege of keeping your money at your local bank are apparently over. In August, the Bank of Englands base rate rose to 5.25% its highest level since April 2008. With cash savings rates so high, why remain invested?
Prudential: Can you have too much of a good thing?
For most people income is essential for day to day living but its also attractive for investors. Income (particularly dividends) tends to form a significant part of the overall return. With interest rates at current levels even cash can now provide considerable levels of interest. But can you have too much income when it comes to investing?
BNY Mellon: Why diversity is growing in Asian investment management
BNY Mellon Investment Management (BNYM IM) head of institutional sales and consultant relations for the Asia-Pacific ex-Japan region, Deborah Bannon, reflects on the threats and opportunities facing managers in Asia.
Allianz: Silver lining: how a recession may help economies and investors reset
We think recession is a real prospect and while any downturn creates challenges, it may offer potential entry points for investors.
Pictet: Power of proteins
AI has enabled us to crack the secret of protein folding, opening the door to faster drug development, more resilient crops and bacteria-fuelled recycling.
Rathbones - The Sharpe End podcast: scAIRbnb
With an array of UK retailers struggling and the housing market slump deepening, the team discuss managing exposure to the UK and why they are keeping an eye on the escalating government clampdown on Airbnb. Also, in recognition of National Inclusion Week, the team share how they think about diversity when investing and why Nike, one of the few consumer stocks they hold, is one company that has navigated this area successfully.
Jupiter Merlin Weekly: Central bankers go fishing
The Jupiter Merlin team take a look at the latest Jackson Hole symposium, where the worlds leading central bankers met to discuss policy.
T. Rowe Price: Regulating the AI Revolution: What Investors Need to Know
The disruptive potential of generative artificial intelligence, or AI that can create new content, has captivated the public, markets, and corporate executives. It also figures prominently among the technology issues on the minds of Washington policymakers.
Rathbones In the KNOW blog: Hoarding Cash
Why take risk when you can be paid 5% or more to leave your cash at the bank? Because youre forgetting about tomorrow, argues head of multi-asset investments David Coombs.
Baillie Gifford: Unlocking the secrets of sustainable growth
Baillie Giffords Toby Ross explains the four attributes the Sustainable Growth Team looks for in sustainable companies.
AXA IM: Too few 1s and 0s? UK tech companies attract international investors
The UKs reputation for old economy stocks could lead investors to overlook cutting-edge tech companies that are attracting attention from private equity investors. Nigel Yates, portfolio manager on the UK sustainable equity team, highlights some of the stocks that are creating a buzz.
Schroders: Monthly markets review - August 2023
Global shares fell in August amid worries over renewed weakness in the Chinese real estate sector. Economic data from China also continued to be worse than expected and emerging markets underperformed their developed peers.
BNY Mellon: Inda Rising
Long in the shadow of neighbouring China, India is projected to be the worlds fastest growing economy this year and next. Walter Scott investment manager Alan Lander and investment analyst Connor Graham recently spent two weeks in the country, speaking to management teams and taking the pulse of Asias other superpower.
Orbis: Taming your inner FOMO
The magnificent seven is the latest fad among investors, but how magnificent are they really? When 82 stocks in our investable universe have returned more than Microsoft, how realistic are these growth expectations.
Quilter Cheviot: Taking Stock - Room For Error
One of the stories of the year, and there have been a few, is how the US stock market has been dominated by the performance of the big seven. I wont call them the Magnificent Seven because the phrase makes me cringe to a medically dangerous degree.
Baillie Gifford: Sustainable Income: built to last
High interest rates may throw the point of income investing into question. Baillie Giffords Lucie Majstrova explains how the Sustainable Income Strategy goes about generating inflation-busting growth that lasts.
Columbia Threadneedle Investments: Asset allocation: why we still like Japanese equities
The country has taken the latest step on its long-term path to improved corporate capital efficiency, and in a region we have long favoured we continue to see a constructive medium-term backdrop
PIMCO: Local Government Financing Vehicles: A Growing Risk for Chinas Economy?
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
BNY Mellon: Investors eye climate transition opportunity
How climate transition is reshaping businesses to drive new investment opportunity.
Pictet: Barometer: Why Japan merits a closer look
Japanese stocks are a bright spot in an otherwise uninspiring global equity market.
Schroders: Economic and Strategy Viewpoint Q3 2023
While our forecasts acknowledge an improvement in the inflation growth trade-off, market hopes for a soft economic landing face a number of challenges.
Columbia Threadneedle Investments: Europes recession was ultra-mild, in the US worse is still to come
Interest rate rises have driven inflation down. We all hope we are close to the pivot point when banks call a halt to hiking and begin to cut rates.
PIMCO: Key Takeaways From PIMCO's Sustainable Investing Report
PIMCOs Sustainable Investing Report provides our latest thinking on sustainability. Here, we highlight the report's key takeaways on engagement, human capital, and carbon analytics.
AXA IM: Take Two: Eurozone business activity slumps; China cuts policy rates again
Eurozone business activity has fallen to its lowest level since November 2020, highlighting concerns over the impact of inflation and rising wages.
Allianz: China: whats behind the headlines?
Here we look beyond the headlines to provide a more comprehensive assessment of the economy and conclude this is not the sudden stop scenario some have suggested.
BNY Mellon: New opportunities amid inflationary fears
How active stock pickers are shaking off market gloom.
Schroders: How technology is transforming Indias economy
From more efficient tax collection and stock market investing, we examine how technology is helping to boost Indias economic growth.
Pictet: The power of the chip
Tiny yet immensely powerful, semiconductors are taking over the world. Professor Chris Miller, author of Chip War, explains how they work and how they impact everything from daily life to geopolitics.
Columbia Threadneedle Investments: Thematic Insight: Managing the Human Capital Transition
Human capital, although often overlooked by investors, is a significant component of the forces driving performance. Businesses investing in human capital are likely to derive a competitive advantage.
Register for the Baillie Gifford Positive Change Fund webinar
Thursday 14 September at 3pm BST Join Lee Qian, investment manager of Positive Change, as he provides an update on the strategy, accompanied by investment specialist Rosie Rankin.
Artemis: H&T Group: UK smaller company deep dive
Chris Gillespie, CEO of the H&T group, the UKs largest pawnbroking firm, discusses the growth of the business and short-term loan sector. H&T are a holding in the Artemis UK Smaller Companies Fund and manager Mark Niznik details why.
Columbia Threadneedle Investments: UK inflation to fall and labour market to weaken: good news for interest rates
Steven Bell, Chief Economist EMEA, shares his reading of the numbers that give him confidence rates have peaked or are within 25 bps of the peak.
M&G Wealth: The Lifetime Allowance Hokey Cokey
There used to be some kind of logic to the Lifetime Allowance (LTA). Not any longer but that doesnt stop it continuing to hang over retiring investors and their advisers like some fiscal sword of Damocles.
Baillie Gifford: Hot property? The real deal in the property sector
Can bond investors make themselves at home in the property sector? Baillie Giffords Rob Baltzer explores this question and uncovers a hidden gem in the industrial and logistics real estate property sector.
Artemis: High yield: From junk to slam dunk
Global high yield has been through a tough cycle which removed the riskiest issuers, leaving a universe that is higher quality than at any point in its history. Given the macroeconomic uncertainty, the increased quality and high yields could provide an attractive total-return opportunity going forward. David Ennett dissects these opportunities and explains why he believes high yield will be different in coming years.
Orbis: Alec Cutler: Why gold is the original cryptocurrency
FundCalibre investment research analyst, Chris Salih talks to Alec Cutler of the Orbis OEIC Global Balanced Fund about the funds philosophy, the unique charging structure of the fund and its approach to targeting long-term returns, before turning to macro events.