Industry news and views from Panacea and our partners.
Investment Commentary_
M&G: Phasing out thermal coal: Our forward-looking approach to support a just energy transition
On 2 March 2021, M&G announced its plans to phase out investments in thermal coal and that it had joined the Powering Past Coal Alliance, a coalition of governments, businesses and organisations working to advance the transition from unabated coal power generation to clean energy.
Orbis: A eulogy for the 60/40
It was as long and fruitful a life as any investment strategy could hope for. For more than three decades, the classic portfolio of 60% equities and 40% bonds has delivered a terrific balance of risk and return for investors.
Jupiter Asset Management: UK equities - is it time to return to the fold?
The first of our Value of Active Minds virtual events featured four of Jupiters most experienced fund managers discussing the compelling potential opportunities available in UK equities as the country prepares to exit the pandemic lockdown and after securing a trade deal with the EU. Richard Buxton, Dan Nickols, Chris Smith and Richard Watts were in conversation with Edward Bonham Carter.
Rathbones In the KNOW blog: Saving the world, one degree at a time
After a long and wet winter, our head of fixed income is resisting the urge to turn up the thermostat. Bryn Jones discusses how human activity has contributed to climate change.
Jupiter Asset Management: Generating alpha through focused risk management
In this webcast, Harry Richards and Adam Darling introduce the Jupiter Corporate Bond Fund. They explain how they navigate volatility in credit markets, generating alpha through focused risk management, and outline what they think the future holds.
FundsNetwork: Tax tables 2021/22 available
FundsNetwork's 2021/22 tax tables are now available, with all the rates and thresholds for the coming year.
Columbia Threadneedle: Market Monitor 26 March 2021
Pessimism about the economic recovery from Covid-19 has held stock markets back during another week of lacklustre performance. While the focus over most of March has been on the potential for a rapid post-pandemic bounce to drive inflation higher, new waves of infections in the European Union in particular are giving investors pause for thought.
Rathbones In the KNOW blog: Sort by lowest price
Price is what you pay, value is what you get. Our multi-asset investment specialist, Craig Brown, is looking for a new car and is wary about the risks hiding under the bonnet.
T. Rowe Price: Cooling US? Europe trade tensions could lead to bigger deal
The US and European Union (EU) announced a four month suspension of all tariffs related to the long running dispute about unfair government support for leading aerospace companies Airbus and Boeing, signaling President Joe Bidens desire to realign trade relations. This pause came on the heels of a similar agreement between the US and the UK.
Aviva Investors: Multi-asset allocation views: Room to grow
The early part of a year gives investors an opportunity to take stock. Sunil Krishnan reflects on how the current environment is shaping our views for multi-asset portfolios.
M&G Public Fixed Income looking at fixed income investing in a rising inflation environment
Please find below an update from M&G Public Fixed Income looking at fixed income investing in a rising inflation environment.
Columbia Threadneedle: Relationships are not easy: US equities versus Treasuries
As the economy recovers and cyclical stocks begin to outperform, how should we think about the connection between equities and US Treasury yields?
Prudential Quarterly Update March 2021
There is a lot of market volatility surrounding markets, but what is causing it? Charles Griffith, Head of Multi-Asset Portfolio Management, provides us with his analysis and outlook for the markets.
T. Rowe Price: Preparing for Higher Inflation
After remaining at low levels for several years, inflation expectations for the rest of 2021 have risen because of an anticipated release of pent?up consumer demand; dislocated supply chains; and money printing by central banks in support of swelling government debt. In our view, investors should consider adjusting their portfolios to prepare for this potential shift.
Square Mile Research: Where next for impact investing?
As investors seek to do good with their money, what exactly is impact investing an how can you and your clients access it. Hear from Jamie Broderick, Direct of the Impact Investing Institute, as he provides valuable insight into this area of the investment universe and what you can expect from it.
Square Mile Research: Investing with a simple mantra
A global equity fund with a simple mantra of investing in high quality companies and holding them for the long term. Watch this short video to see what the BNY Mellon Long Term Global Equity fund has to offer for you and your clients.
BNY Mellon: Has income turned a corner?
After bidding a less-than-fond farewell to a year many will wish to forget, the question for income investors is whether things will come good in the next 12 months.
M&G: Should we fear an inflation shock?
The bond market spooked investors once more, with rising yields on inflation fears the main focus of attention in February. The M&G multi asset team highlight inconsistencies between the reasons put forward for the rise in yields and the actual facts, and reveal some of the implications for asset allocators.
T. Rowe Price: Chinas evolution looking beyond the well-trodden path
Join us on Wednesday 24th March at 10am GMT / 11am CET for insights from Wenli Zheng and Irmak Surenkok on the Chinese equity market.
BNY Mellon: Income investing: Barely surviving or actually thriving?
Newtons Ilga Haubelt asks: Which income stocks held their own in 2020 and which are best placed to shine in the coming year?
BNY Mellon: Muni demand and the year ahead
With an expected economic recovery on the horizon and a new stimulus package, state and local governments could see renewed strength this year. This will be essential for the municipal bond market in 2021, according to Sherri Tilley, Municipal Bond Investment Strategist at Mellon
Columbia Threadneedle: Global Sustainable Outcomes, and how Covid-19 could change the world for ever
We talk to portfolio manager Pauline Grange about global equities and investing in companies which aim to address the world's biggest environmental and social challenges.
Baillie Gifford Managed Fund - Manager Insights
Hear from Steven Hay and Iain McCombie, investment managers from Baillie Giffords Managed Fund, as they reflect on 2020 and look forward to whats to come.
M&G: Drivers and developments in sustainable multi-asset investing
Sustainable investment approaches look to the future, by investing responsibly and supporting the environment and society.
Orbis: Through our lens: The great imbalance
Weighing up risk and reward lies at the heart of long-term investing, but right now the balance looks way off in both bonds and equities.
Aviva Investors: Multi-asset ESG update: Keeping sustainability on track
In the latest article in our regular series on how ESG considerations are integrated into our multi-asset investment process, Jerome Nunan explains how an investment in a US rail company supports the transition to a low-carbon economy.
T. Rowe Price: Interview with Katie Deal, US political analyst
Katie discusses the key focus points of Bidens administration and implications for investors
T. Rowe Price: Global Equities Q1 2021 Performance, positioning and outlook
Equity markets delivered extraordinary returns in 2020, but the first quarter of 2021 will certainly test investors given the return of uneven and contradictory news flow.
Columbia Threadneedle: Covid-19 index: when might life return to normal?
With every country attempting to return to normality following the coronavirus pandemic, we are monitoring US economic activity as well as other measures of 'normality' such as entertainment and leisure, high street shopping, and schools reopening.
Aviva Investors: Go forth and diversify: Building resilience in multi-asset funds
A robust multi-asset strategy depends on three factors: built-in responsible investment, strong portfolio construction and dynamic management.
Columbia Threadneedle: A new era of investing
The investment landscape is changing, driven by increasing pressure from governments and regulators to address climate change and a new focus on sustainability.
Prudential: Managing Future Risk Seminars
Prudential have created a tailored seminar programme around the theme of 'Managing Future Risk'. These risks exist on both a macro and micro basis. So we've tried to put ourselves in your shoes and help you to address some of your technical, investment and regulatory concerns. The seminars will run weekly, every Thursday until 25 March. Each session will qualify for 45 minutes of structured CPD.
AX IM: UK equities: five reasons why now
Consider the case for UK equities, taking a look at the economic fundamentals, market valuations, and why some companies might emerge stronger from the pandemic.
Orbis: Harder to get into than Harvard
If 2020 was an emotional roller coaster, the first month of 2021 has been a peek inside the darker corners of the funhouse. We remain hopeful that more measured times lie ahead, but also mindful that the turning of a new calendar page only goes so farand much uncertainty remains.
Square Mile Research: A responsible positive prospect
Investing in what they call improvers, this is a solid, sustainable global fixed income fund, with a focus on capital preservation. In this short video, Square Mile provide a snapshot of the BNY Mellon Sustainable Global Dynamic Bond fund to illustrate what you can expect from the strategy.
Jupiter: ESG math isnt so straightforward as it seems
The true environmental impact of an industry such as semiconductors is a complex calculation, says NZS Capital co-founder and investor Brad Slingerlend.
Rathbones In the KNOW blog: Recoverys winners and losers
As investors look ahead to a time when the pandemic will be over, Ed Smith and Sanjiv Tumkur, our respective heads of asset allocation and equity research, question whether equity markets are in the midst of a great rotation from growth to value.
Columbia Threadneedle: Global Perspectives 2021
In 2020 we experienced the extraordinary, in the form of the Covid-19 pandemic that challenged individuals, families, companies, governments and investment markets around the world.
T. Rowe Price: Uncovering opportunities amid the recovery
Markets are entering the new year optimistic about the successful development of vaccines to combat the spread of COVID?19, seeing the news as a light at the end of the dark tunnel that was 2020.