Industry news and views from Panacea and our partners.
Investment Commentary_
Schroders: Five charts which explain what is going on with inflation
Three million US workers may be key to helping understand the outlook for inflation, we spoke to chief economist Keith Wade to find out why.
Baillie Gifford: Sustainable at heart: why businesses need to adapt
Could knowing when to adapt be the key to successful long-term growth? Baillie Giffords Seb Petit explains. Capital at risk and income not guaranteed
Aviva Investors: COVIDs dirty plastic secret
As the world continues to grapple with the health implications of COVID-19, unintended consequences were inevitable. In this data-led story, we look at the effect the pandemic has had on global plastic wastage and what policymakers can do to tackle the issue.
Fidelity FundsNetwork's Investment Outlook
Back in July, investors' hopes were high as they were looking forward to what the summer would bring as the vaccine programme helped to bring Coronavirus under control. Fast forward to the present day and the rose-tinted glasses are seemingly off. Tom Stevenson asks if we're heading for a discontented winter, or if there's still room for hope.
Ask the Fund Manager, Guillaume Paillat - Ep 73. What are green bonds?
The UK's first ever sovereign green bonds raised £10bn. But what are green bonds anyway?
Schroders: New PM, new dawn for investing in Japan?
Fumio Kishida inherits a much brighter situation than his predecessor as the state of emergency is lifted. We look at what this means for investing in Japanese equities.
Rathbones In the KNOW blog: Demanding supply chains
Reopening economies have strained global networks of distribution and upended labour markets.
FundsNetwork: Using technology to make your business processes much more efficient
In continuation of their Adviser Support Programme, Fidelity FundsNetwork's latest webinar covers the following three areas: the emergence of APIs (Application Programming Interfaces)
Artisan: Does Your Portfolios China Exposure Match Chinas Role in the Global Economy?
Watch Artisan Developing World founding PM Lewis Kaufman discuss why China is uniquely positioned to deliver attractive equity outcomes in the next decade. (4 min.)
Rathbones - The Sharpe End podcast: Quid game
On this months episode of The Sharpe End, David, Will and Craig discuss the implications of the energy crisis and whether the clean power transition has gone too far too fast. Also, is the Bank of England in danger of killing off the fragile UK recovery? If so, what would that mean for the pound? And David explains why his love of Denmark extends beyond gluten-free pastries and Scandinavian crime series
Rathbones In the KNOW blog: Green eating
Environmental impacts, health awareness and growing intolerances are rapidly changing peoples appetites. Our head of multi-asset investments, David Coombs, has been gluten-free since before the kids started doing it, so he believes he has some wisdom to share.
Rathbones: Planet Papers 7: Good COP, bad COP
All eyes will be on Glasgow from 31 October to 12 November for the COP26 global climate summit. The ultimate objective is for signatories to the UN Framework Convention on Climate Change (UNFCCC) to work together to get to net zero carbon emissions in time to stave off climate disaster.
NS&I: Financial advice needs the full picture
Advice firms have always been quick to praise NS&I for their 100% security promise and their unique products like Premium Bonds.
Artisan: Why a Passport Company Sits Atop This EM Equity Portfolio
Watch Artisan Developing World founding PM Lewis Kaufman discuss the ability for businesses with a borderless capability to easily access emerging markets demand. (1 min.)
Aviva Investors: Ask the Fund Manager, Baylee Wakefield Ep 72. Active vs Passive - what's the best investment approach?
Whats better - passive or active investing? Find out our view in this weeks #AskTheFundManager
Schroders Emerging Markets Lens: your go-to guide to emerging markets (Unstructured reading)
Our new regular analysis highlights the charts and data that matter to emerging market investors.
Purpose not Governance
Scottish Mortgages James Anderson warns of the risks of ill-defined sustainability metrics. Capital at risk.
Environmental impacts, health awareness and growing intolerances are rapidly changing peoples appetites. Our head of multi-asset investments, David Coombs, has been gluten-free since before the kids started doing it, so he believes he has some wisdom to share.
Scottish Mortgage on disrupting disease with artificial intelligence
Cancer, heart failure and Alzheimers are among the last lethal hold-outs. But medical technologies using artificial intelligence could speed up breakthroughs, as Tom Slater, joint manager of Scottish Mortgage Investment Trust explains.
Baillie Gifford: Staying Focused in Frantic Times
In the midst of the pandemic, Baillie Giffords Charlie Houston sees the long-term value in income investing in Mercado Libre and Avantors bonds. Capital at risk and income not guaranteed.
Schroders: Lessons from the pandemic for COP26
One of the few positive effects of the Covid-19 pandemic has been that it has accelerated interest in the environment by bringing people closer to nature.
Columbia Threadneedle: The case for sustainable investing in the UK
n the UK, vaccination rates were rising and pandemic restrictions easing as we moved into the summer. As this becomes something increasingly seen around the world, it gives us an opportunity to reflect on the existing trends the Covid-19 pandemic has accelerated, including a focus on environmental, social and governance (ESG) analysis and sustainable investing
Sanlam: A farewell to cash?
In the first of Sanlams Invested in the Future series of virtual events, financial journalist Julia Edwards talked to renowned economist and bestselling author Stephen D. King about the future of money.
Sanlam: Monetary policy couldnt get easier; theres only one place to go from here
Fiscal conditions are incredibly accommodative: interest rates are lying low; credit is freely available; and GDP is as if Covid never happened. The time to taper is nigh.
Jupiter Asset Management: Impact report executive summary
In the summary of our annual Impact Report, we share analysis of the strategys impact on Planet, People and Profit. We are seeking to provide savers with tangible insight into how their savings support a transition to a more sustainable world.
Columbia Threadneedle: Economic forecasts: Q3 2021
Economic paths diverged in Q1 as Covid-19 infections rose in many parts of the world once more, leading to further restrictions. At the same time, the US and the UK accelerated their vaccination programmes, allowing both countries to set a path to reopening well ahead of the summer.
Columbia Threadneedle: Climate change: reassessing the risks of wildfires
The 2020 wildfire season in the US was among the worst on record. In California, a record-setting four million acres burned, doubling the prior record set in 20181. Amid the pandemic shutdown, North America was the only region in the world to see pollution levels rise, and that was due almost solely to the smoke created by these fires.
Columbia Threadneedle: What does market regulation mean for Chinese equities?
Recent regulatory action around Chinas after-school education companies has raised concerns around the countrys economic system. The companies had been stock market darlings, propelled by strong demand from parents looking to get their children ahead in a competitive education system. But new regulation has effectively made the sector non-profit, shrinking the addressable market for these companies from $100 billion to $25 billion2 and wiping billions off the market caps of education companies such as New Oriental and TAL Education (Figure 1). This was a worst-case scenario few investors had been anticipating.
Quarterly Commentary Orbis Global Balanced
As investors, precious few things are within our control. We can do the research to find great opportunities, we can choose which ones we buy, we can monitor them closely, and we can work with management teams to enhance value. But we cannot force the market to buy.
Jupiter Asset Management: UK Small & Mid Cap Equities: Alpha, IPOs and Disruptors
There are many misconceptions about the equities market in smaller and midsize companies in the UK.
Jupiter Asset Management: The momentum behind sustainable investing
Investors increasingly need insight into one of the most profound and fastest-growing topics today: sustainable and ESG investing.
Jupiter Asset Management: Inflation: demographics, narrative, and the snow globe economy
Inflation is the topic that has dominated the market discourse this year, and if anything that has only intensified in recent weeks. To discuss this topic, we brought together Ariel Bezalel (Head of Strategy, Fixed Income), Ned Naylor-Leyland (Head of Gold & Silver) and Talib Sheikh (Head of Strategy, Multi-Asset) to examine the implications for their asset classes.
Jupiter Merlin Weekly: How to make a drama out of a crisis
The Jupiter Merlin team discuss the UKs fuel crisis, Chinas economic slump, and central banks that have all their fingers crossed that theyre right about inflation.
Quarterly Commentary Orbis Global Equity
The past quarter has been painful. After an encouraging start to the year, we gave all of the outperformance back and more, with exposure to selected Chinese technology shares and the broad underperformance of value-oriented shares globally driving the majority of underperformance. While we try not to dwell on quarterly results, the past few years have also been disappointing. As co-investors in the Orbis Funds, we share the frustration that some of you may be feeling.
Artisan: Are the Emerging Markets Cheap?
In a recent investor letter, Artisan Developing World founding PM Lewis Kaufman writes about the shortfalls of purely looking at investing through the lens of models and multiples.
Columbia Threadneedle: Second-hand clothing to overtake fast fashion
Wastage and the ever-growing carbon footprint of the fashion industry make it one of the most pollutive in the world. Around 100 billion apparel items are sold each year, which is about a 50% increase versus 20061, largely due to the rise of fast fashion cheap, high-fashion items.
T. Rowe Price: Why theres more to China than just big tech
The growth and sheer dynamism of the Chinese economy and its stock market continue to offer the potential for attractive returns for active investors in Chinese equities.
Schroders: Why is the UK investment climate so hot right now?
UK companies have shrugged off the gloom of recent years and have become the target of considerable interest from international buyers. Meanwhile, the surge of new listings shows no sign of abating.
Rathbones Investment Update: From great to merely good: is that good enough?
Economic recovery from COVID may be about to go from great to merely good. The latest Rathbones quarterly Investment Update shows why good should be good enough.
Aviva Investors: Measuring the mythical
The green premium is an elusive concept. Laurence Monnier reviews the academic literature and crunches some numbers to try and quantify the extra pricing power afforded by more sustainable commercial properties.