Industry news and views from Panacea and our partners.
Investment Commentary_
M&G: 5 reasons ESG isnt going away
Environmental, Social and Governance (ESG) factors have emerged as a dominant framework of assessing the long-term sustainability of an organisation.
M&G: The language of volatility: Facebook and Japanese bonds
Remember last year when most financial commentary was saying that market volatility was too low? That was a pretty unusual state of affairs. Read the latest market perspetives from M&Gs Multi Asset Team.
Invesco: How does the UK equity market look to a value investor?
As a valuation-orientated investor, Martin Walker's investment style brings valuation at the point of purchase to the foreground, as he seeks to find compelling opportunities in areas of the market that other investors would shun.
Seneca IM: Peter Elston - Monthly Investment Letter
In this months letter, Peter writes about tactical asset allocation in the context of the current phase of the business cycle. He suggests that this is the most difficult phase for asset allocators, as equity underweights can appear to be a mistake in the lead up the end of the investment cycle.
There's still time to sign up for Nucleus illuminate live, September 2018
Over the past three years Illuminate live has set the standard for providing the very best speakers, giving you access to the most relevant, engaging and actionable content.
Rathbones: Plenty of road ahead
Despite an unpredictable president, rising trade hostilities and crumbling infrastructure, American companies are busy and profitable, and the outlook remains positive
Invesco: Finding opportunity in Financials: alternative lenders
In this article Mark Barnett highlights the investment opportunities he sees within the UKs alternative finance market. He discusses the opportunities created by disruption to traditional forms of credit following the Global Financial Crisis and why he believes that the growing market for alternative forms of finance offers superior income generation opportunities compared to traditional lender.
BlackRock: Building greater resilience into portfolios
We see strong US growth extending positive spillover effects to the rest of the world, sustaining the global economic expansion. Yet the range of possibilities for the economic outlook has widened.
Seneca Global Income & Growth Trust factsheet Experts in Multi-Asset Value Investing
Please find the latest fund factsheet for the Seneca Global Income & Growth Trust plc. We hope you find it useful.
M&G: BVTV: Tech in 2018 vs 2000 dont look back in anger?
This week, M&Gs Stephanie Betts takes a look at how the tech sector in 2018 shapes up vs its 2000 predecessor; what are the similarities and differences between the two, and why is momentum (aka hope) currently winning out in the epic battle of earnings vs hope?
Invesco: Our Thoughts on Italy
Ultimately, we think Italian politics will be constricted by reality, and we therefore want to be involved at the right levels. Hear Lewis Aubrey-Johnson, Head of Fixed Income Products, discuss the teams thoughts and strategy.
M&G: Re-establishing the legitimacy of global finance through popular reform
No political consensus lasts forever at least not without reform. The pre-eminence of the liberal economic order prior to the global financial crisis might have tempted us to think that this time would be different. The latest thoughts from Anne Richards, Chief Executive Officer at M&G Investments.
New research on Seneca Global Income & Growth Trust plc from Edison - 'Continuing to reduce equity exposure'.
Please find the latest research from Edison, which gives an overview of recent developments on Seneca Global Income & Growth Trust plc, 'Continuing to reduce equity exposure'.
Rathbones: Brexit means fudge
Brexiteer-in-chief David Davis has resigned in protest of the soft Brexit strategy revealed by the Prime Minister at the weekend.
M&G World Cup 2018: Who will win the Golden Boot?
With World Cup fever captivating the globe and the tournament providing lots of surprises, Investment Director, Ritu Vohora, looks at the importance of having a strong attack and defence strategy when thinking about sector allocation.With World Cup fever captivating the globe and the tournament providing lots of surprises, Investment Director, Ritu Vohora, looks at the importance of having a strong attack and defence strategy when thinking about sector allocation.
Aviva Investors: AIQ issue six out now
The latest issue of AIQ is available to download now. Each article is available individually on the website, which also features podcast and video content.
Aviva Investors: The data economy revolution
The data economy is evolving rapidly, bringing investment opportunities in network infrastructure, memory, storage and cybersecurity, as Jason Bohnet explains.
BlackRock: Webcast: Goodbye Goldilocks?
Volatility is back, and the market outlook is unquestionably less certain than it was in 2017, but why? Join Wei Li, Head of EMEA Investment Strategy as she discusses the changes we are encountering, from macro uncertainty, regional economic surprises, a rate rising environment and the increasingly complex geopolitical picture which is now at the forefront of investors minds.
M&G: BVTV: 2018 YTD meeting consensus expectations?
A late survey predicted equities and EM debt would deliver the best returns this year. Whats changed?
Prudential have launched their new Life Events hub
We recognise that it's important you're there for your clients at key milestones they reach and challenges they face. And that's why weve launched a new Life Events hub.
Rathbones: Chequers
Theres nothing like an off-site to get everyone back on the same page. The warring UK Cabinet is meeting this Friday at the Prime Ministers country house, Chequers, in the Chiltern Hills. Theresa Mays top ministers have been at loggerheads since her election we all know how divisive Brexit can be. However, things have got a bit out of hand over the past few weeks. Cabinet members have gone increasingly rogue without censure, exposing just how fragile the Prime Minister is.
Royal London: Investment Viewpoint: June 2018
Khalid Khan, Investment Proposition Manager, introduces our Sustainable Fund Range thats now available to Royal London customers.
Legg Mason: Pricing Pressure on Pharma
Healthcare is frequently at the heart of political debate in the US. So, with mid-term elections on the horizon in the US, it is no surprise to see political rhetoric on the issue of drug pricing intensifying.
Legg Mason: International Small Caps Now
A Q&A with David Nadel, director of international research. Questions on Brexit, trade wars and Russia.
Aviva Investors: Behavioural science for financial advisers: an interview with Greg Davies
Greg Davies, head of behavioural science at Oxford Risk, explains how a combination of behavioural science and data-driven risk-profiling tools is reshaping the financial advice industry.
Royal London: Its not rocket science
At Royal London we think applying for protection should be quick and easy. So we continually review and update our online service to make sure its as straightforward as possible.
Five points about active management
Seneca Investment Managers CIO Peter Elston outlines five key points he believes are key when considering actively managed solutions. This covers: 1. Size of AUM - Small is beautiful (but not too small) 2. High tracking error is bad but low tracking error is worse 3. Passive Multi-Asset funds do not capture the opportunity in specialist assets 4. Passive beats active in the single-asset space, but in Multi-Asset the opposite is the case 5. Are there suitability issues in relation to putting clients into passive Multi-Asset
Legg Mason: Give Me a Smartphone and I shall move the world
Kim Catechis explains why the rate of tech adoption in India is fundamentally changing the economic landscape -- primarily enabled by the increasing use of smartphones, which have seen phenomenal growth thanks to low-cost handsets and cheap data.
Rathbones: Getting serious
For months the US and China have been trading angry words about tariffs, but for the most part the spat has seemed simply that: words and unlikely to come to anything lasting.
Invesco: What impact have recent macro events had on global equity markets?
We have witnessed a fractious G7 meeting, rising trade tensions between the US and China, coupled with the rise of a populist government in Italy and cracks in emerging markets. In this video, Nick Mustoe explains what this all means for global equity markets.
M&G: BVTV: Assessing credit cash bonds or CDS?
On BVTV this week: reasons to be constructive on credit; and are CDS or cash bonds currently king?
Legg Mason: Why it pays to clip coupons
A rising rate environment means the majority of fixed income investors return in 2018 is likely to come from carry or yield and not from price appreciation. Brandywine Global's Brian Kloss sees careful selection of higher yielding securities as the key for returns and protecting valuations.
Aviva Investors: Harnessing private finance for UK rail transformation
The UK wants to attract private sector investment into its fragmented rail network, but the pathways for injecting capital are not yet clear.
Introduction to Rathbones Look forward series
In an age of ad avoiding, authentic and relevant information from reliable sources is becoming increasingly important. Advisers, just like their clients, want to be able to rely on what they read, see and hear to help inform their views on the world they live in.
Prudential: Thoughts about OEICs and Unit Trusts
Open Ended Investment Companies (OEICs) and unit trusts are collective investment schemes a form of investment fund that enables a number of investors to pool their assets and invest in a professionally managed portfolio of investments, typically gilts, bonds, equities and perhaps property. Helen OHagan, Technical Manager at Prudential explores.
NS&I 2017-18 Annual results
NS&I delivered £9.8 billion of Net Financing and £229 million of Value Indicator savings to the taxpayer in 2017-18
Aviva Investors: Sainsburys planned merger with Asda: who is in the money?
James Balfour considers the implications of a tie-up between Sainsburys and Asda on the grocery retailing sector.
M&G: How Europe works
Rules of the game for Eurozone countries is clear: stick by the fiscal rules or face the market.
M&G: Emerging markets: Taper tantrum déjà vu?
In this months update Ritu Vohora, Investment Director, explores the impact of rising US yields and a resurgent dollar on emerging markets. Is this a déjà vu of 2013s Taper Tantrum?
Invesco: Webcall replay: What is our outlook for bond markets?
Watch the replay to hear Lewis Aubrey-Johnson, Head of Fixed Income Products, discuss the current conditions in credit markets and the team's expectations the continued resilience of the US economy.