Industry news and views from Panacea and our partners.
Investment Commentary_
Columbia Threadneedle Investments: ESG Viewpoint: The challenges of realising zero-carbon cement
Cement production accounts for about 7% of global carbon emissions. We explore the challenges the industry is facing on the road to net zero.
Pictet: What investors should reassess after Silicon Valley Bank's collapse
The US bank Silicon Valley Bank (SVB) is a high-profile casualty of central banks' battle against inflation. Its demise is a reminder that interest rate hikes have a nasty habit of operating with a lag.
BNY Mellon: Investing in Innovation
Walter Scott investment managers Alex Torrens and Ashley-Jane Kyle spent nine days visiting companies in a region they call a hotbed of entrepreneurial endeavour. Here they highlight their research trip and what they learned.
AXA IM: Long-term trends present compelling opportunitiesIs transparency the answer to sustainability uncertainty?
Most asset managers across Europe in recent months have had to re-evaluate how they classify their sustainable funds and strategies.
Columbia Threadneedle Investments: Will Europe outperform the US in 2023?
In the recent reporting season, European companies have bettered the performance of their US counterparts.
Pictet: Fighting forest fires with AI
Forest fires exacerbate global warming, damage biodiversity and destroy communities. Artificial intelligence could be part of the solution.
BNY Mellon: Staying in credit
After what proved to be something of a perfect storm for the asset class last year, what does 2023 have in store for credit?
Rathbones In the KNOW blog: A tale of two wars
Decades of trade between the US and China boosted living standards considerably in both nations, but their relationship has been fraying for some time. Rathbones head of multi-asset investments David Coombs believes this unravelling is keeping inflation elevated.
AXA IM: UK Outlook: Stronger near-term prospects but challenges remain
UK growth is likely to slow further in 2023, driven by high inflation and slowing demand but the downturn is likely to be shallower than initially expected and business surveys have been somewhat more positive.
Allianz Global Investors: The China Briefing - Searching for the green shoots
Looking ahead, a key question is whether the hope of Chinas recovery post Covid reopening will be matched by economic reality. Trying to assess this is a challenge for markets at the moment as there is somewhat of an information vacuum.
Pictet: The power, promise and peril of generative AI
Why we should all be excited and concerned about the latest advances in artificial intelligence (AI).
Jupiter AM: UK capital gains tax change brings multi-manager products into focus
Jupiters Independent Funds Team look at the implication of the UKs sharp reduction in capital gains tax allowance and how that may affect portfolio management.
Quilter Cheviot: Taking Stock - The Stock Market is Brutal
The stock market is brutal. How else can you explain that the best returns for stocks have historically occurred when unemployment is at its highest?
Fidelity Adviser Solutions: Understanding market volatility
After a painful 2022 for investors, its understandable if clients are gloomy about the prospects for the stock market over the next year or so. Fidelity Adviser Solutions have created two short guides to support your client conversations. The first looks at how markets have historically anticipated the economy and what this means for investors. The second explains why diversification remains important when building portfolios.
Orbis: Youre invited: Lunch and discussion with Merryn Somerset Webb and Alec Cutler
Join industry commentator Merryn, and Orbis portfolio manager Alec, for delicious food and a lively discussion on current market risks and finding opportunities for your clients, in celebration of 10 years of Orbis Global Balanced.
Baillie Gifford: Ocado: when retail meets robotics
Going online can stretch even the biggest grocers logistics. Ocado has a unique solution. In this podcast, co-founder and CEO Tim Steiner tells Scottish Mortgages Lawrence Burns how the company is using robotics and AI to transform the world of ecommerce.
Allianz Global Investors: What the rise of generative AI means for investors
What are the implications of the evolvement of generative AI like ChatGPT and DALL-E 2 for investors?
Allianz Global Investors: 2023 UK equity outlook: Go your own way
Its been a long time since the UK experienced a normal year. Britains decision to leave the European Union in 2016 has been variously followed by the prospect of a hard left-wing government, a global pandemic, a European land war and inflations vengeful return.
Quilter Cheviot: Taking Stock - The Stock Market is Brutal
The stock market is not the economy, and the economy is not the stock market. We have seen countless examples of this, including in the last few years but still stock market moves flying in the face of the economic narrative can be a real head scratcher for all of us.
Rathbones In the KNOW blog: Sustaining sustainability
As the hard slog of winter drags on, sustainable multi-asset investment specialist Rahab Paracha considers whether ESG issues and sustainable investing can sustain their strong momentum this year.
T. Rowe Price: 2023A Year of Transition for Emerging Markets
China reopening: Activity in China has fallen during the reopening, echoing the experiences of Hong Kong and Taiwan, but a rebound will likely follow. The extent of the rebound will depend on the consumption and property market recoveries.
Fidelity Adviser Solutions: Tax year end planning Investment Accounts and ISAs
Fidelity Adviser Solutions' specific considerations of these accounts including the Bed & ISA option.
BNY Mellon: Back to the future
After a knock-out 12 months for equity income, the higher inflation, higher interest-rate environment heralds a return of more normal market conditions; a focus on fundamentals is back in vogue, explains Jon Bell, portfolio manager in Newton Investment Managements global equity income team.
Orbis: Beneath the surface: Charting the valuation gap
2022 was a rough year for investors, stocks fell in almost every sector. Bonds, which allegedly are meant to balance out stocks fell nearly as much.
Schroders: Multi-asset fund or model portfolio?
Multi-asset funds and model portfolios both offer investors diversification, but which solution is right to meet your clients' investment outcomes? Watch our short video which highlights the key differences between the two.
BNY Mellon: Are bonds good value now?
Fixed income had a rough 2022. So what will make 2023 any different or is now the time for a bond renaissance?
Royal London: Sell now or more tax later: Capital Gains Tax planning
Clare Moffat, Head of Technical at Royal London, explains how Capital Gains Tax works and how upcoming changes could impact your clients.
Rathbones In the KNOW blog: Back to the cycle
The era of virtually zero percent interest rates is over. Rathbones head of multi-asset investments David Coombs believes that means a return to boom and bust, and he outlines which businesses are most at risk.
Baillie Gifford: Re-awakening utilities: the great energy transition
As utility companies face new challenges, more care is required to separate the winners and losers. As investors at Baillie Gifford, its our job to identify those with the best chance of succeeding to ensure long-term returns.
Baillie Gifford: How income can drive returns in 2023 and beyond
Sign up to the Baillie Gifford Actual Income roadshow where you will hear from four fund managers as they outline their best income ideas and take on some of the big questions facing income investors this year and beyond.
Quilter: Hurry, maximise tax efficient savings this tax year
DIY investing has left Thomass finances in a mess. He needs your advice. See how you can help people like Thomas who arent managing their tax allowances effectively.
Jupiter AM: Notes from the Investment Floor: Moving towards a pause?
James Novotny assesses the prospects for the global economy and how that could mean for rate increases.
Jupiter AM: Notes from the Investment Floor: Taking the long-term view in sustainable investing
Abbie Llewellyn-Waters discusses the importance and challenges of taking a long-term view on sustainable investing.
LV=s Wealth and Wellbeing research programme
The purpose of the LV= Wealth and Wellbeing research programme is to provide you with a clear picture of peoples retirement plans as well as their financial and mental health.
Baillie Gifford: Defeating degenerative diseases
Denali Therapeuticss CEO Ryan Watts tells Scottish Mortgage manager Tom Slater why he believes it can succeed where big pharma has failed by creating effective drugs for neurodegenerative diseases.
Quilter Cheviot: Taking Stock - All Time Highs
With everything that has been going on in the world, you may have been surprised to see the FTSE 100 make an all-time high recently. This week I look at the reasons why, whether a home country bias serves domestic investors and the prospects for UK listed stocks versus their international counterparts.
Schroders: Key adviser challenges in 2023
What are the key challenges for financial advisers? The Schroders Annual Adviser Survey has always provided insights and with over 400 advisers taking part last November, the most recent survey was no exception as we head into 2023.
Quilter Cheviot webinar - Recession or rethink?
What the fundamentals tell us about economic prospects in 2023. For this webinar on 2nd March, we have identified three key sectors that are especially sensitive to recessions: property, financials and consumer discretionary.
Orbis: Four principles for choosing the right active manager
The active versus passive debate that has raged for years has its supporters on both sides. However, most investors would (hopefully) generally accept that in the current uncertain environment of the past few years their portfolio can, and probably should, be made up of a diversified set of investments. This includes the option of blending together the usually lower-cost, market hugging returns of passive funds with higher cost, active funds that offer the potential for higher returns in the long-term.
M&G: Bond market outlook a different starting point in 2023
Bond markets experienced one of their sharpest sell-offs on record in 2022, as persistently high inflation and a series of interest rate hikes pushed government bond yields to their highest levels in over a decade.