Industry news and views from Panacea and our partners.

Investment Commentary_

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Sports direct shows disregard for shareholder views


Commenting ahead of Sports Direct International’s AGM, Ashley Hamilton Claxton, Corporate Governance Manager at Royal London Asset Management, said:

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Plain English Finance: Our fund is here...


The Easiest Way to "Own the World"? I am delighted to be able to announce that, last week, Plain English Finance was granted authorisation to launch our first ever investment fund: The "VT PEF Global Multi-Asset Fund".

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Seneca: Peter Elston's Investment Letter


This month, Peter writes about poor active management and also looks at the position of Seneca Investment Managers in the world fund manager rankings. "I abhor poor active management. "I abhor it because there are so many individuals whose retirement savings have been invested in poor products; because it has given the active management industry in general a bad name; and because the big firms who are among the worst offenders continue to peddle the notion that bigger is better – witness a certain recent merger – when in fact my - and Warren Buffett’s! - opinion is that the opposite is the case." To find out more and read the full investment letter, please click here or on the link below.

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Legg Mason: ESG and Credit Ratings


Credit Rating Agencies are making meaningful progress in identifying and reflecting environmental, social and governance (ESG) risks in the credit rating process. This is both welcome and encouraging, but more needs to be done to ensure the rewards fixed income investors can expect reflect the risks they are taking.

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Aviva Investors: Consumer debt: tipping point?


Many recent headlines harken back to the start of the Global Financial Crisis nearly ten years ago, with news about out-of-control housing bubbles, problems in subprime lending and rising delinquencies among over-extended borrowers.

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BlackRock: 3 key market themes that investors may want to be aware of


In case you missed it, BlackRock recently released their midyear Global Investment Outlook covering their views on key investment themes, risks and prospects across asset classes.

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Rathbones weekly review: Barbarian at the gates


It seems that the US president would be better off relocating his executive team to Trump Tower. The revolving doors of Donald Trump’s Midtown residence and business emporium would better accommodate the head-spinning changes in his staff.

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M&G: BVTV: “high yield” in name only


This week on BVTV Anthony Doyle speaks with James Tomlins, M&G fund manager.

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Seneca IM: Experts in Multi-Asset Value Investing


Like a journey to a new destination, investors can benefit from an expert to guide the way.

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Quarterly market and political update from Prudential


Prudential are running a webex on 1 September 2017, to help you identify new financial opportunities with your clients.

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Aviva Investors: Macro month: UK election stuns market


Global share prices advanced in June as data, on balance, suggested the world economy had continued to strengthen. Bonds prices by contrast fell as central banks in the United States, euro zone and Britain continued to lean towards tightening policy, albeit with mixed signals about when.

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Rathbones weekly review: Fighting the last war


Bombastic rhetoric from President Donald Trump and North Korean dictator Kim Jong-un punctured the recent calm of equity markets last week.

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Legg Mason announced as latest provider partner for Panacea Adviser


Panacea Adviser (Panacea), the online community and resource for financial advisers and paraplanners, has today announced Legg Mason as the latest asset manager to join its growing roster of provider partners.

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Investec Wealth: Credit Where Credit is Due.


Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy.

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Watch BlackRock’s latest interview series on their award-winning fund


The BlackRock UK Absolute Alpha Fund seeks to deliver returns regardless of market conditions, by investing in share prices moving in both directions. It invests in the truly international UK market, and is designed to deliver a smoother return over time.

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M&G’s Episode blog anniversary edition: 10 years on from the financial crisis


Last month apparently represented the twentieth anniversary of the start of the Asian crisis

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Investec Wealth & Investment: Joking Aside Weekly Digest


Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy. Have you heard a joke recently that wasn't about Trump or Brexit? Guest author and Fund Selection Specialist, Stacey Parrinder-Johnson, comments that if comedians are joking about a topic, there's uncertainty surrounding it, and if there's uncertainty the investment world will be watching too.

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Schroders: Why ‘winter is coming’ for overvalued growth stocks


The immediate prospects of any investment are as uncertain as those of a Game of Thrones character but there is no doubt that, as their valuations rise, even stable businesses can become dangerous to own.

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Rathbones weekly review: A liquid reality


The world has condemned North Korea’s dogged pursuit of an intercontinental nuclear weapon in the strongest ever terms.

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M&G’s Equities Market Perspective


In this month’s update Ritu Vohora, Investment Director, asks if cyclicals are back in the driving seat of the equities rally, and gives a short update on how equities have performed globally across the sectors.

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Investec Wealth: Market Commentary


Every day we seem to wake up to more bad news: the latest upheavals in the White House; crises in the UK's public services; populist outcry in any number of countries; and missile tests in North Korea, to name but a few regular headline-makers.

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Schroders: Eurozone growth goes from strength to strength


The “flash” estimate for second quarter eurozone GDP shows quarterly growth accelerated to 0.6%, up from 0.5% from the first quarter.

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M&G: Financial conditions suggest the case for more hawkish Fed than inflation dynamics would suggest


A lot has been written on the recent softness in US inflation data, as headline inflation pulled back, with a similar trend in core inflation.

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Plain English Finance: Are you Riding the Tiger’s Tail?


Regular readers will be aware of an ongoing and oft-repeated theme of mine: Namely that, to a certain degree at least, you can run you financial affairs so that you shouldn’t need to worry overly about stock market crashes (or crashes in financial markets more generally).

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Rathbones weekly review: Maduro’s monumental mess


Venezuela is disintegrating. The country – once one of the richest nations of South America – is teetering on the worst of precipices. Anarchism is baring its teeth at the most incompetent authoritarian rule.

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European property: Ageing gracefully?


Europe’s population is set to contract and age significantly over the coming decades, but the demographic shift will not be uniform. Understanding this dynamic will be an important driver of real estate investment performance, explains Monika Sujkowska.

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Aviva Investors: The great rotation: better late than never?


While financial analysts have long predicted investors would switch out of low-yielding bonds into equities, to date there has been very little evidence of it happening. That could finally be set to change, argue James McAlevey and Marc Semaan.

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Seneca IM: Peter Elston’s Investment Letter


Preparing for the next downturn The whole point of a fund is to pool investments and thus diversify risks. Multi-asset funds particularly embody the concept of diversification, because, unlike single-asset class funds, they diversify risks across asset classes as well as holdings.

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M&G’s Bond Vigilantes


Five years on from “whatever it takes” – today marks Mario Draghi’s famous remarks, widely credited with sparking a reversal in the Eurozone’s fortunes.

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Rathbones weekly review: Yearning for earnings


Earnings season kicks off this week with scores of the world’s largest companies producing results.

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Brooks Macdonald: The UK: Could politics structurally alter the economic backdrop?


With 5 July having marked ten years since the Bank of England (BoE) last raised UK interest rates, we assess the state of the economy and its prospects in light of recent political developments. We also discuss how the shifting backdrop has the potential to affect UK asset prices.

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Schroders: Federer beat the averages. How often does this happen when investing?


In becoming the oldest Wimbledon champion of the open era, Roger Federer may have confounded the averages – but the thing about averages is they only happen most of the time.

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Investec Wealth & Investment: Roses in the Vines: Weekly Digest


Welcome to this week's edition of Weekly Digest; a topical in-house review of world stock markets and the global economy. Have you ever visited a vineyard and seen roses amongst the vines? The roses are there for good reason as a warning system for troubles the vines may also be susceptible to. In this week's Weekly Digest, John Wyn-Evans discusses the 'roses' in portfolio management.

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Brooks Macdonald: Weekly Market Commentary


Watch Investment Director Ed Park's weekly market commentary and read detailed economic and market news from our in-house research team.

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Aviva Investors: European real estate: diminishing returns


Attractive European real estate assets are becoming difficult to find, but opportunities remain for discerning investors, says Monika Sujkowska

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Aviva Investors: Asia-Pacific real estate outlook: all eyes on China


Value is scarce in prime Asia-Pacific real estate markets, but Australian retail could offer opportunities, says Sandip Bhalsod.

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Rathbones weekly review: Will they, won’t they?


Another season of that riveting game show is under way: Know Your Central Banker.

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Brooks Macdonald: Multi-asset CPD webcast


In the second of our quarterly multi-asset webcasts, Stefan Isaacs and Will Lough, analysts at M&G and River & Mercantile respectively, discuss the global trend of ‘reflation’ and consider how investors can mitigate the impact of higher inflation on their long-term savings.

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Brooks Macdonald: Weekly Market Commentary - 17 July 2017


Watch Investment Director Ed Park's weekly market commentary and read detailed economic and market news from our in-house research team.

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Welcome to Prudential’s July edition of Oracle Technical.


For those of us ‘up north’, summer holiday season is already in full swing. Les Cameron, Head of Technical at Prudential is fully refreshed, from a couple of weeks contemplating life on his sun lounger (in Zante, not Scotland!). In any event, there’s no rest for the wicked and Prudential’s technical helpline remains open – 03457 11 12 13 – to help resolve any generic technical queries you may have on life and pensions matters.

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