Industry news and views from Panacea and our partners.
Investment Commentary_
M&G Investments: BVTV: A look at the US and UK bond markets
This week on BVTV, we take a look at a sophisticated indicator of US treasury yields and analyse the flattening of the UK gilt curve.
Executive interview - Seneca Global Income & Growth Trust
Moving to a more defensive position Seneca Global Income & Growth Trust (LSE:SIGT) was launched in 2005 and adopts a Multi-Asset Value Investing approach, aiming to generate income and capital growth with low volatility by investing in a multi-asset portfolio of equities, fixed income and specialist assets. Since July 2017, SIGTs performance has been benchmarked against CPI +6%*. Annual dividends have increased each year since 2013. On 1 August 2016, SIGT adopted a discount control mechanism aiming to ensure that its share price trades very close to NAV.
Aviva Investors: Five years on from the taper tantrum, emerging market debt shows improved resilience
Emerging market fixed income has come a long way since the trials of 2013, says Liam Spillane.
Legg Mason: The Fed and current market pricing
The transition from Janet Yellen to Jerome Powell as chair of the Federal Reserve (Fed) is happening at an interesting moment for financial markets and the US economy.
Rathbones: Pride before the fall
When Donald Trump won the presidency in November 2016, we believed he would struggle to make headway on virtually all of his flagship policies.
Legg Mason: Stock sell-off: Fears VS. fundamentals
Elevated valuations, investor complacency and the prospect of faster-than-expected inflation combined to trigger the equity selloff this week -- but with economic fundamentals still solid, our investment managers counsel patience amid the current volatility.
Investec Wealth & Investment: Trade Wars: Weekly Digest
Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.
Legg Mason: Stock sell-off: fears vs. Fundamentals
Elevated valuations, investor complacency and the prospect of faster-than-expected inflation combined to trigger the equity selloff this week -- but with economic fundamentals still solid, our investment managers counsel patience amid the current volatility.
Schroders: Three quick charts about investment risk
Investors are, quite rightly, asking themselves where the risk is in the market although these three charts from the Bank of England suggest many would seem to be coming to the wrong answer.
Schroders: Investment Red Flag Watch: Why we're worried about the return of 'SPAC'
In this article, Nick Kirrage, Co-Head of the Global Value Team, explores what is in the team's folder of 'red-flag market indicators'.
M&G Webcast: Global Target Return Fund
Join Tristan Hanson on Tuesday 27th March for his view on the current investment environment as well as an update on his fund and its positioning amid the current environment.
Utmost: Are you ready for the drop?
The dividend allowance is due to drop from £5,000 to £2,000 on the 6 April 2018. What could this mean for your clients in receipt of dividend income?
M&G Investments: Whats in store for retail?
This week, Stefan Isaacs and Mario Eisenegger discuss the Toys R Us saga latest and the wider outlook for retailers.
Schroders: How reivesting dividends has affected returns over 25 years
'Compounding' can have a dramatic effect on returns. We highlight the difference it has made for major stockmarkets.
Aviva Investors Multi-Asset Funds - engineered to go the distance
Our Multi-Asset Fund range has been specifically designed to support your business and your clients. It contains five risk-managed funds, globally diversified with the aim of delivering consistent client outcomes.
Investec Wealth & Investment: Tiggernomics: Weekly Digest
Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.
M&G Investments: Tariffs, trade wars and economic shockwaves
Will US protectionism lead to a global economic downturn, and what are the implications for the equity and bond markets?
BlackRock: The Outlook for Asian Equities
Join BlackRock for the second part of their Insight Series on The Outlook for Asian Equities. The live streamed only event will be held on Tuesday 20 March at 10am (GMT) with Andrew Swan, BlackRocks Head of Asian and Emerging Markets Equities. Hell be exploring the reform agenda sweeping the region, recovery in India, current valuations, Fed normalisation cycle and potential trade wars with the US.
Investec: Letter from Italy Weekly Digest
Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.
M&G: Active vs Passive a fresh perspective
The fifth in a series of videos looking at the change in investor behaviour over the years and how asset managers have responded, Global Head of Distribution, Jonathan (Joffy) Willcocks gives his take on the active vs. passive debate.
Utmost Wealth Solutions: Wealth of Difference
There has been a lot of recent market commentary around consolidation in the offshore bond market. But there is a Wealth of Difference between companies with a highly active open book acquisition strategy, and those that are simply looking to add business to their already closed book. One should also be wary of failed consolidators, i.e. those who managed to acquire a smaller competitor business, but then have failed to acquire anything further.
M&G: Keep calm and stay invested
In this months update Ritu Vohora examines the implications of Februarys spike in market volatility. The bull market, is likely still intact, but we are entering choppier waters.
Aviva Investors: Millennials
Read our latest publication that brings together the collective insight of Aviva Investors teams from across the globe on the key themes influencing investment markets. In our cover story, we challenge the stereotypes surrounding the millennial generation and explore the investment implications of their spending habits.
Aviva Investors: Bond investors should brace for volatility in 2018
Bond volatility fell to historic lows in the wake of the financial crisis, but it has begun to rise once again. James McAlevey explores the implications for investors.
Investec Wealth & Investment: Inflation Returns (Part 2) and Trade Wars Weekly Digest
Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.
Kinder Institute of Life Planning: Get CE Credits and Learn Essential Client Communication Skills
Where else can you take a course to enhance your client relationships, your bottom line AND get your own working Life Plan in the process? This is the perfect time to re-tool your practice.
M&G: How Brexit and technology have changed the UK property landscape
After performance weakness in the immediate aftermath of the Brexit referendum, UK property delivered a strong return in 2017. Tony Brown, CIO of M&G Real Estate, discusses where this leaves us in terms of key themes in UK property in the period ahead.
Aviva Investors: Investors cheering China's market expansion should be careful what they wish for
A new pilot scheme could give investors greater access to Chinas vast equity market. But the project may also affect the performance of existing Hong Kong-listed shares, says Will Ballard.
Investec Wealth & Investment: Inflation Returns Weekly Digest
Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.
Personal Finance Society: Power Live highlights professions biggest opportunity
The Personal Finance Society are extending their professional development programme with a series of dedicated financial planning events, beginning with Power Live this Summer.
Latest Factsheet from Seneca Investment Managers
Please find attached the latest fund factsheet for the Seneca Global Income & Growth Trust plc. We hope you find it useful.
Aviva Investors: What will a new Fed chair mean for interest rates?
Jerome Powell will face different challenges than his predecessor Janet Yellen as Federal Reserve chair.
Aviva Investors: Asset management drives strong fund performance
Streamlining the portfolio has left the Fund in a position to take advantage of its inherent asset management potential. Watch this 5 minute video to find out more about the key drivers behind the Funds recent strong performance.
Schroders: Dont let your profits go woof in the Year of the Dog
As we enter the Year of the Dog, it is fair to say the Chinese zodiac has something to teach us about investing not so much when to buy into the equity market, however, as for how long.
Investors cheering China's market expansion should be careful what they wish for
A new pilot scheme will allow mainland Chinese companies to release some of their non-tradeable H shares into circulation on the Hong Kong Stock Exchange. The scheme could give investors greater access to Chinas vast equity market but it may also affect the performance of existing Hong Kong-listed shares, says Will Ballard.
Schroders: Value investing skills #2: Analytical edge
There are arguably four broad categories where it is possible for investors to enjoy some sort of advantage over their peers. Here we consider the analytical edge and how value investors can benefit from one.
Royal London: Investment webinar - Multi asset investing and the Governed Range
Sign up to hear our latest market views.... the clock is ticking
Rathbones: Too much of a good thing?
In the fullness of time, markets are a finely-tuned valuation machine. Risk and reward is weighed in countless transactions allocating capital to the places where it does the most good for society. But in the short-term it looks a bit like a dogs breakfast.
Schroders: Disruption is everywhere, but so are the investment opportunities
Im not usually a subscriber to this time its different, but when it comes to the emerging disruption in so many industries, this time its more than average doesnt really seem to cut it. This time I have a feeling it really may be different, because todays disruptions are everywhere, and that means that there are investment opportunities right across the spectrum, from the disrupters to those incumbents willing to invest in the future.
M&G: Carillion case study: All was not what it seemed
In January, construction giant Carillion went into compulsory liquidation, bypassing administration and the chance to continue trading.