Industry news and views from Panacea and our partners.

Investment Commentary_

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Pictet: Investing in resilience: adapting and thriving in a turbulent world


Why resilience matters more than ever for companies and investors adapting to environmental and geopolitical upheaval.

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AXA IM: Divergence calls for diversification: Asia’s investors look to Europe


Over more than a decade, many Asian countries have looked beyond their own borders for long-term investment opportunities, with significant amounts of capital being directed towards the US.

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Aberdeen: MyFolio Q3 webinar


Join Aberdeen Investments’ Justin Jones and Paul Diggle on 22 October for the MyFolio Q3 Webinar featuring their latest macroeconomic outlook and MyFolio Fund ranges updates.

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Artemis: Is it too late to jump on the European bank bandwagon?


European banking shares have performed strongly for the past three years but have not run out of steam yet, evidence from Artemis proprietary stock-screening tool, SmartGARP®, suggests.

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Rathbones Asset Management - In The KNOW blog: The vibes are bad for the UK economy, yet its stock market is smoking


It’s been one miserable tiding after another for the UK this year. Yet Rathbone UK Opportunities Fund manager Alexandra Jackson notes the FTSE All-Share has shrugged off the malaise to post one of its best starts to the year in three decades.

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Rathbones Asset Management - In The KNOW blog: To lend, borrow, or not; nay, to buy? That is the question


Head of multi-asset investments David Coombs’s Nan Connie was so sceptical of debt it made her wax lyrical. Her old advice prompts him to wonder if a tempest is building in debt markets or if it’s all just Shakespearean melodrama.

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T.Rowe Price: Case for global equities: Enhancing opportunity, diversification, and risk management


The case for global equity allocation is gaining renewed momentum. By investing globally, investors gain access to a broader opportunity set across sectors, countries, and regions—reducing concentration risk and unlocking new avenues for growth and diversification. Broader exposure and lower concentration risk helps provide a form of “portfolio insurance” against shifts in investment styles or market momentum. This buffer is particularly valuable when markets are narrowly focused on a limited group of themes or companies, as is the case today.

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Register now: Rathbones Multi-Asset Portfolios Webinar 15 October 2025


Join Will McIntosh Whyte, Fund Manager of the Rathbones Multi-Asset Portfolios, in his upcoming webinar on 15 October at 10.00am. Topics to be covered: Mixed Signals: weaker jobs, stronger growth. Will the FED lean into rate cuts? Big tech boom: is there any other game in town? Portfolio performance and positioning

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Prudential Guaranteed Income Plan - David's bespoke option: a combination of both


This plan is great for someone who wants a fixed-term solution that they can reassess and change in a few years’ time.

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Prudential Guaranteed Income Plan - Anne's tailored plan: maximum lump sum


This plan gives your clients a guaranteed lump sum – and the highest possible one. If the fund performance is in line with or better than expected, those wins are passed on to your clients.

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BNY: FOMC tipping point: What's the Fed’s next move?


Uncertainty around tariffs, inflation and interest rates has been looming for months. Meanwhile, the Federal Reserve (the Fed) left rates unchanged at its July meeting, to the surprise of market observers. So, the question remains — what’s the Fed’s next move? The BNY Investment Institute considers the factors influencing the central bank's path ahead.

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Schroders: Should default pensions be forced to make a minimum allocation to UK shares?


An independent think tank has recommended that UK equities should form 20-25% of a default pension scheme’s equity allocation. Schroders' Head of Public Policy Rich Fox considers the findings.

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AXA IM: Investing in a sustainable future: Energy-efficient buildings


To reach Net Zero by 2050, approximately US$2.5-3 trillion is required annually globally by 20302, focusing on energy efficiency retrofits, low-carbon construction materials, electrification of heating and cooling, and integration of smart building technologies.

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Pictet: We, Robot


In popular imagination, robots have near-unlimited powers: superhuman strength, agility and intelligence. The reality has been much more prosaic, argues Daegal Tsang.

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Artemis: Investing is simple – it’s people that make it difficult


Artemis’ SmartGARP® tool screens stocks for the eight factors that ultimately drive returns, so why has its creator Philip Wolstencroft always found investors so reluctant to do what it tells them?

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MAN: Beyond US Mega-Caps – Where’s the Future of Tech Alpha?


With the global push for self-sufficiency, incremental alpha in the tech sector may no longer come just from Silicon Valley.

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AXA IM: Investing in a sustainable future: Sustainable ecosystems


To reach Net Zero by 2050, approximately US$300-400 billion annually by 20302 is needed to effectively protect and restore ecosystems, conserve biodiversity and enhance carbon sequestration.

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Pictet: India’s electronics boom


India's flourishing electronics industry presents attractive opportunities for emerging market equity investors. We visited its fastest growing factories to find out more.

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Artemis: Are investors positioned for the new reality?


Diversification could be the only free lunch in investing. So why are investors choosing to go hungry? Artemis global income fund manager Jacob de Tusch-Lec chews it over.

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M&G Investments: Beyond politics: Unlocking the value of diversity and inclusion


While recent political pushback has seen diversity, equity and inclusion (DEI) slip down the agenda, we believe there are still significant opportunities for investors in this area.

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Schroders: The quiet boom in gold equities


Gold miners are generating record margins and have built fortress balance sheets, yet trade at unstretched valuations. The market is starting to pay attention.

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AXA IM: Reduced volatility combined with environmental impact: the case for green short duration bonds


Short duration green bonds offer the investors lower volatility than longer-dated bonds in a time of economic uncertainty while making a measurable, positive environmental impact.

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Pictet: Thematic equities and their role as a portfolio diversifier


Why adding thematic equities to a portfolio can bring diversification benefits and potentially improve its risk-adjusted returns

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BNY: Positive signals from capex?


The One Big Beautiful Bill Act’s provision regarding the full expensing of capital expenditures is already having an impact on companies’ investment plans. We believe this a positive signal for economic growth.

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Schroders: Our multi-asset investment views - September 2025


This month we upgrade equities to positive as the Federal Reserve turns more dovish. Find out more in our latest multi-asset views.

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AXA IM: The factors driving Eurozone investment potential to the next level


The world is changing, and investors need to have a clear view of how, and what that means for Europe.

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Aberdeen: What are the key opportunities and trends in credit investing today?


Find out in this wide-ranging interview with Global Head of Fixed Income Jonathan Mondillo.

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BNY: Cuts are coming


Last Friday, Federal Reserve Chair Jerome Powell described a shift in the balance of employment and inflation risks, and the market rallied on the news. For us, nothing has changed. We have been closely monitoring the labor market and indicators of inflation, and we continue to expect two rate cuts this year.

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Artemis: The difference between gambling and investing


Concentrating on either growth or value alone won’t lead to fully formed investment decisions but investors who can tap into a process that uses an abundance of data to inform investment decisions can be highly successful.

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M&G Investments: Japan’s corporates are sitting on a potential $2 trillion real estate treasure trove


Japanese companies hold vast real estate assets, which are typically misvalued on their balance sheets.

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Schroders: Fed cuts likely to fire up inflation in 2026


We fear that easing monetary policy at this stage of the cycle may prove counterproductive.

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Aberdeen: Is Short Dated Enhanced Income your step-out-of-cash solution?


We all know markets can be unpredictable. So, what can investors do with their money right now to reduce risk and achieve a superior yield versus cash?

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Wesleyan: Helping clients stay invested against market volatility


In an era of heightened uncertainty, the Wesleyan smoothed With Profits Growth Fund offers a proven smoothing mechanism that can help clients stay committed to their financial plans.

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Schroders: Unconstrained fixed income views: September 2025


We explore why the rather vague concept of a ‘neutral policy rate’ is becoming more important to central banks - and why it is important for the outlook for bonds.

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AXA IM: Time for the Fed


Weak US employment data has fuelled expectations that the Federal Reserve (Fed) will cut rates by 1.5 percentage points (ppt) over the next year.

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Aberdeen: 15 years of clarity and consistency with MyFolio


15 years of clarity and consistency with MyFolio

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PIMCO: Making Sense of Private Markets: Liquidity, Risk and Opportunity


Group CIO Dan Ivascyn discusses how investors should examine liquidity and economic sensitivity across public and private markets.

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BNY: Keeping Tabs on Tariffs


A look at the tale of tariffs for the first half of 2025 and how this might be impacting markets in the UK.

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Wesleyan: Charting a steady path through increasingly uncertain times


This recent white paper investigates smoothed funds and their relevance in today’s uncertain times. Produced by Wesleyan in partnership with the lang cat, it looks into whether a new generation of smoothed funds can help advisers to manage volatility for clients and comply with industry regulation.

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M&G: Weekly market commentary - available now


The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.

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