Industry news and views from Panacea and our partners.
Investment Commentary_
Schroders: Economic and Strategy Viewpoint Q3 2025
Global activity has held up well despite policy uncertainty. This could be at odds with market expectations of rate cuts.
BNY: Asian century: a new world order
Newton Asian income portfolio manager, Zoe Kan, considers how Asian economies are rising as global leaders in technology and trade and why she believes the region is worth looking at from an equity income perspective.
T.Rowe Price: How AIs rise is changing the game for software companies
The software industry is home to some of the more popular business models that have emerged over the past two decades, as the shift to cloud delivery and subscriptions has led to strong growth, high margins on incremental sales, and increased recurring revenue.
Rathbones Asset Management - In The KNOW blog: The UK faces tough choices it needs to act
As the UK summer slowly rolls towards autumn, the governments second Budget approaches. Head of Multi-Asset Investments David Coombs is getting concerned that Labour isnt bold enough to deal with pressing problems. Read more
Financial inclusion: investing for positive change
Imagine waking up tomorrow with no debit card, no banking app, and no safe way to send money to loved ones or securely store your savings. Imagine feeling unwanted by the financial system overlooked and underserved. This is a daily reality for 1.3 billion adults worldwide who remain financially excluded, representing one of todays most significant yet solvable social and economic challenges.
The hidden power of persistence
From Ryanair to Demant, inside ownership can give companies a competitive edge. Baillie Gifford investment manager Jenny Davis explains more.
T.Rowe Price: Impact of high sovereign debt on bond markets
Tuesday, September 09, 2025 10am
BNY: Led by tech, U.S. outperforming since mid-April
After years of outperformance, the U.S. underperformed other regions during the first quarter. While the debate over whether U.S. exceptionalism can persist continues, the U.S. has resumed its leadership since mid-April - led by the technology sector.
M&G: Japanese equities: Learning to navigate a new equilibrium
The Japanese equity market has largely drifted sideways over the past 12 months, following a powerful run in 2023 and early 2024.
Aberdeen: Infrastructure equities: why telecom towers tick all the boxes
A look at why telecom towers can be an ideal asset for infrastructure equity investors.
BNY: Resilient retail sales
This year has been characterized by policy uncertainty and fears about the potential impact of tariffs on inflation. While many expected the consumer would crack amid weaker sentiment, it hasnt happened yet. Retail sales remain resilient, supported by a job market that remains good enough to support spending.
Aberdeen: Bridging the gap: The $43trn EM infrastructure opportunity investors cant ignore
Emerging markets face a $43 trillion infrastructure challenge. Investors can help bridge the gap and unlock growth, resilience and returns in the process
BNY: The case for using a managed income investment approach
Richard Parkin, Head of UK Retirement at BNY Investments, explains how a structured Natural Income strategy, like BNYs Multi-Asset Income Fund, provides a modern, reliable solution for retirement income that supports advisers in delivering sustainable, predictable outcomes amid changing client needs and regulatory expectations. This article was originally published in IFA Magazine and authored by Sue Whitbread.
Aberdeen: Economic infrastructure update Q2 2025
Read more about the key achievements across Aberdeens portfolio companies in the second quarter of 2025
BNY: Pounds in pockets: why natural income matters in retirement income planning.
Discover how natural income can support your clients' retirement plans, helping them keep more pounds in their pockets with ease. This article was originally published in IFA Magazine and authored by Sue Whitbread.
PIMCO: Europes Economic Future: A Stable Base in a Volatile World
Amid global uncertainty, Europe faces slower growth but will benefit from increased stability.
M&G Investments: Confounding returns: The mysterious case of the US dollar
The weakness of the US dollar this year has been unexpected as tariffs were widely expected to lead to the dollar strengthening.
Charles Stanley: Is AIMs long-awaited revival finally here?
OnDemand Webinar: In this special webinar Charles Stanley marked the 30th anniversary of the Alternative Investment Market (AIM).
Schroders: The old active vs passive debate is dead heres why
As investors grasp the dangers of market concentration and turn increasingly to specialist investment vehicles and private markets, its time we acknowledge that active investment management is about far more than stock selection.
AXA IM: Multi-Asset Investments Views: We can work it out
US exceptionalism is back - US equities continued to move higher and outpaced other major markets in July.
BNY: Will Americas economy be great again?
At the annual BNY Investments UK conference titled A New Era held at the Corinthia hotel in London, Newton Investment Managements deputy head of equity income, John Bailer set out to convince investors that there is real value in the American market.
Aberdeen: The hybrid fund solution: rethinking real estate investment
Discover how hybrid real estate funds are reshaping access, liquidity, and opportunity.
M&G Investments: Rethinking emerging market debt: A changing risk landscape
Recent turbulence emanating from the US has demonstrated a change in attitudes. Despite evident volatility, the dollar weakened, contrary to what would typically be expected in times of stress.
Artemis: Why credit spreads arent as tight as they seem
Are investors right to be concerned about tight credit spreads? What does it mean for owning corporate bonds?
Schroders: Decoding emerging markets: the case for active exposure
The case for an active exposure to emerging market equities at a point when geopolitical risk is high and volatility rising across asset classes
AXA IM: Paranoid
Trade uncertainty might be declining as the US makes deals with its leading partners, but the downside is a substantial effective tariff rate for imports into the worlds largest economy.
Pictet: Barometer: Balancing the risks
Continued uncertainty over tariffs, a mixed economic backdrop and stretched valuations warrant a neutral stance across global equities, bonds and cash.
BNY: Putting a price on retirement
Have you considered how you would like to spend your retirement, and how much it might cost? Its a tricky question to answer, but Pensions UK in conjunction with Loughborough University has created the Retirement Living Standards* framework to help you answer exactly that! When considering how much you will need, Pensions UK has categorised the cost of retirement into three possible standards of living minimum, moderate and comfortable.
Aberdeen: Renewable energy: its about energy security, not just carbon emissions
Renewables are now a strategic imperative. Is your portfolio aligned?
PIMCO: Unlocking the Future of Energy Transition
Grover Burthey, Portfolio Manager, and David Crane, Executive Chair of Generate Capital and former Under Secretary for Infrastructure at the U.S. Department of Energy, discuss key challenges and breakthrough opportunities in energy investing, emerging technologies, and closing critical financing gaps in renewables.
M&G Investments: Why investors are turning to emerging market equities amid US perma-volatility
What is driving the resurgence of investor interest in emerging markets after a decade marked by political and economic challenges?
MAN: AGMs: AI Concerns Amplify as Anti-ESG Noise Falls on Deaf Ears
Anti-ESG bands may have played the main stage at AGMs this year, but investors tuned into material risks instead.
Schroders: Green shoots and shifting sentiment why UK equities deserve a closer look
A world in flux and a chance for Schroders' UK equity investment trusts to shine
AXA IM: Market update: A stalling US economy?
Weak US job numbers have implications for consumer sentiment and spending. Markets feel the impact of fresh US tariffs and recessions risks rise. Near-term US economic and monetary policy expectations have shifted
Pictet: Stars align for emerging market corporate credit
Emerging market credit offers attractive yields, improved borrower credentials, a diverse universe, and the potential to benefit from strong domestic growth and a weaker dollar.
BNY: Are valuations expensive?
Last week the S&P 500 reached yet another all-time high. After nearing a 20% decline in April, the index is up over 8% year to date. With a 22x forward price-to-earnings ratio for the S&P 500, many investors are wondering if the market is expensive. Our analysis suggests that valuations are high because the market is more profitable, which is driven by tech.
Aberdeen: Future ETFs raw materials
Aberdeen strategy that invests in the global raw materials theme. This UCITS-compliant*, exchange-traded fund (ETF) aims to invest in companies that we expect to benefit from the future raw materials dynamics.
Artemis: Five reasons to pay more attention to Europes smaller companies
Artemis' Harry Eastwood outlines five reasons why he believes investors should be increasing their exposure to Europes domestic economy via the continents smaller companies.
MAN Group: Indian Summer?
Its been a tough year for the vast camp (including myself) that favours Indian over Chinese markets. Im still a believer. Heres why, says Henry Neville, multi-asset portfolio manager, Solutions at Man Group.
BNY: 60/40 no more: fixed income allocations and how advisers decide
Many obituaries have been written for the 60/40 model, yet it has had surprising resilience as the default equity/bond setting for a balanced investor.