Industry news and views from Panacea and our partners.
Investment Commentary_
AXA IM: Is this the end of the road for tech?
After a good 2023 and 2024, tech sector has underperformed in 2025, and investors cant be blamed for asking if the tech trade is at an end.
Schroders: Investors see the value of active management as volatility intensifies
With rising uncertainty on their radar, investors seek to make their portfolios more resilient. They see active investment management as key to the solution.
Aberdeen: Is the Big Beautiful Bill a step too far for bond markets?
In this episode, we explore the Trump administrations sweeping plans that would swell government borrowing, why bond markets are getting nervous, and what Elon Musks exit may mean.
BNY: The 5Ws of Investment Benchmarks
A benchmark is a point of reference used to measure something else. For example, if you planted two sunflowers side by side you could use one as a benchmark to compare them as they grow.
Pictet: Barometer: Cautious on equities as US flip-flops on tariffs
We remain underweight most developed market stocks as US tariff policy is still unclear but are more enthusiastic about emerging market assets.
Schroders: Global equities the top choice for returns as investors embrace diversified approaches
The Schroders Global Investor Insights Survey for 2025 reveals that equities, both public and private, are the preferred choice for investors seeking returns.
Aberdeen House View: Navigating a volatile macro and market regime
How should investors navigate tariffs, rate cuts and fading US exceptionalism? Explore the latest House View for new insights on equities, bonds, private markets and the global trends shaping the next 1218 months.
AXA IM: Carefully Crossing
The level of resistance at the ECB Governing Council against bringing the policy stance into accommodative territory, now that the policy rate has been lowered to 2%, is higher than we expected.
BNY: 5 impact investment myths
In this infographic, Insight Investment responsible investment senior portfolio manager, Fabien Collado, tackles five myths around impact bonds. Contrary to some investors assumptions, Collado argues the market is large, liquid and provides a range of investment opportunities.
AXA IM: CIO Views: Uncertainty continues to dictate outlook
US policy uncertainty and its outlook implications remain front and centre. In the case of adverse outcomes, US assets remain most at risk, given the threats to growth, inflation and interest rates.
Pictet: Lessons from 40 years of company returns
Persistent pricing anomalies in equity markets open up opportunities for investors with methodical, quantitative approaches, according to analysis of 40 years of company returns.
MAN: The UK Economy: Better Than It Looks
There are reasons to be cautiously optimistic about the outlook for the UK.
BNY: A postcard from Japan
In this video, Walter Scott client investment manager Murdo MacLean discusses a trip to Japan undertaken by members of the research team. Find out what they learned.
Aberdeen: Smaller companies: on the road Milan
We recently visited Milan to meet some of the standout Italian smaller companies from luxury goods to finance. Heres what caught our eye.
Schroders: Introducing ContextAI: boosting sustainability insights with pioneering AI
Our ContextAI tool marries our proprietary sustainability framework with the efficiencies of artificial intelligence.
Pictet: Tilting away from the US
US policy is pushing investors to look beyond the US, a reallocation that is set to include private assets.
AXA IM: Poise, not noise
The trade war, however it evolves, is a macroeconomic shock but the reality is less harsh than the rhetoric. Year-to-date equity market returns are positive, and some markets are up a lot.
M&G: IHT planning using Gift, Loan and Discounted Gift Trusts
Inheritance Tax is perhaps the best example of the fiscal drag that is increasing taxes in the UK. The Nil Rate Band has remained at £325,000 since 2009 and the government has said it will remain frozen at this level until at least 5 April 2026.
Charles Stanley: The comeback of certainty: fixed income shines amid market volatility
Recent fixed income performance has shown just how important it is to actively manage exposure we recap why, and how we have been doing so.
Aberdeen: Why income investing in emerging markets?
Most often associated with growth investing, a look at how emerging markets represent a uniquely appealing income universe for today's active investors with a total return mindset.
MAN: Are V-Shaped Recoveries Becoming More Frequent?
Aprils sharp rebound may feel familiar, but history suggests V-shaped recoveries are no more frequent than before. Also, the cracks in the US economy are starting to show.
BNY: A colourful palette: global bonds
Insight Investment senior portfolio manager Damien Hill discusses some of the opportunities arising from allocating across global bond markets in a responsible way.
BNY: Opportunity from volatility
Newton portfolio manager Janice Kim discusses the mixed asset teams current thinking around the shifting macroeconomic and geopolitical backdrop.
MAN: European Credit: An Underrepresented Market with Outsized Potential
European credit has historically had a modest presence in global credit benchmarks, resulting in reduced allocation in most global portfolios. In contrast, more than 60% of global indices are weighted towards US credit, though we do not believe this is always where the best opportunities present.
PIMCO: Charting the U.S. Consumer With Kristofer Kraus
Kristofer Kraus, portfolio manager and co-lead of PIMCOs asset-based finance business, charts the nuances behind the overall resilience of U.S. consumers and explains how these insights shape lending and investment strategies.
BNY: Asset allocating for volatile times
Amid a volatile investment environment, Newton head of mixed assets investment Paul Flood shares the teams view on bonds, equities and alternatives.
Aberdeen: Whats next for Londons offices? | Aberdeen Investments
Chinas battery maker CATL recently enjoyed a bumper listing. Here, we explore Chinas battery dominance and share details of our recent visits to CATLs cutting-edge factory.
Upfront: Scottish Mortgage update and China Q&A
Join host Cherry Reynard on Wednesday 25 June at 10.30am for the next episode of Upfront, Baillie Giffords live investment show. Packed with up-to-date topical insights and a live Q&A.
Artemis: How to invest if you really want to buy British
The FTSE 100 may be our flagship stock market, but it offers relatively little exposure to the domestic economy. If you really want to push up your exposure to the UK, Artemis William Tamworth recommends looking down.
T.Rowe Price: Beyond sequencing risk: Dynamic withdrawals for retirement
One of the most pertinent investment risks that retirees face is sequencing riskthe danger that poor market conditions early in retirement will deplete their wealth at a faster?than?expected rate as low or negative returns coincide with portfolio withdrawals.
T.Rowe Price: Safe havens in 2025? It's a complicated relationship
During times of market turmoil, investors regularly seek comfort and stability in safe-haven assets like gold, U.S. Treasuries, and the dollar. But in 2025, the relationship is complicated. One moment safe havens are the ultimate source of security; the next, theyre betraying expectations.
Baillie Gifford: Navigating retirement: combating sequencing risk
Baillie Gifford Investment specialist, David Rolland, explores how the timing of market returns can drastically affect retirees' financial outcomes, even with identical portfolios.
Fidelity Adviser Solutions: 12 security-related questions to ask your platform partner
Fraud and cybersecurity breaches can put a whole firm at risk and keeping clients' data and assets safe is a major concern in today's world. To help you with your due diligence, Fidelity Adviser Solutions have created a checklist covering 12 security-related questions they recommend you ask your platform partner. They have provided our answers for each of these important areas.
Artemis: US equities: Assessing the One Big, Beautiful Bill
Trumps One Big, Beautiful Bill has narrowly passed its first hurdle in the House of Representatives. Artemis Chris Kent explores the implications of the wide-ranging bill as it makes its way through the Senate.
Rathbones Asset Management - In The KNOW blog: Active investors care whats in a portfolio, passive investors only care about how its held
Would you choose a new car based on how much its price has risen in the past couple of years? Head of multi-asset investments David Coombs asks why so many are happy doing this with their life savings.
Charles Stanley: The Impact of MPS on Client Outcomes: Enhancing Financial Planning and Investment Strategies
Managed Portfolio Services can significantly enhance client outcomes, however, advisers must do their due diligence when selecting their MPS provider.
Charles Stanley: Maximising Returns with our Managed Portfolio Service: Strategies & Tips
Managed Portfolio Services (MPS) have become increasingly popular among investors seeking to optimise their returns while minimising risks.
Schroders: A snapshot of the world economy in May 2025
We present our latest growth forecasts amid easing tariff worries, rising US debt risks and ongoing domestic China weakness.
BNY: Global equity income: will history repeat?
High valuation and concentration risks appear to be driving an ongoing shift in equity market leadership, signalling a potential change in the dominant sectors of the market, argues Newton portfolio manager Jon Bell.
AXA IM: Investing for net zero: How fixed income investors can apply a sustainability framework
Investors have a vital role to play in securing a sustainable future for both people and the planet, by supporting the transition to net zero.