Industry news and views from Panacea and our partners.
Investment Commentary_
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.
Schroders: Fund management needs to make the digital shift
AI, big data and distributed ledger technology can rewire the industry
AXA IM: Fiscal Headaches
The US equity market saluted the concessions offered by the White House to China at the beginning of last week, although the overall tariff shock remains very large.
PIMCO: Income Strategy Update: Focus on Stability Amid Turbulence
We maintain a focus on resiliency as elevated yields within high quality fixed income continue to offer attractive opportunities.
MAN: Private Credit: Dispelling the Myths
We bust five myths about this burgeoning asset class.
BNY: Longevity and the rise of patient capital
Jon Bell, Portfolio Manager of Global Equity Income at Newton Investment Management explores the themes of patient capital and longevity, and why he believes the Global Equity Income fund could provide solutions to their challenges.
AXA IM: Too Many Open Fronts
A 50% tariff on EU products could precipitate the Euro area into a substantial recession, but the US may not be in as strong a position as the White House seems to believe, with the market and possibly public opinion reacting adversely to both the re-ignition of the trade war and doubts on the US fiscal trajectory.
PIMCO: Investing in High Quality Credit
CIO of Global Credit Mark Kiesel and Jason Duko, Portfolio Manager, discuss why active management matters in credit markets today and how the current environment is creating key investment opportunities for high quality bonds.
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.
MAN: Signs of the Times: Five Indicators of Regime Change
What are the quantitative signs that secular stagnation is over?
Schroders: The Value Perspective Podcast with Nick Train
This week we are joined by Nick Train, co-founder of Lindsell Train and a legendary figure in the investment world. Nick is the firms portfolio manager for UK equities and also jointly manages its global equity portfolios.
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: What Investors Should Know About Chinese ADRs and Delisting Uncertainty
The risk of Chinese ADRs being delisted hasnt gone away, the US loses its Aaa credit rating and ESG has emerged as the unexpected port in Aprils market storm.
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.
PIMCO: Key Takeaways From PIMCOs Sustainable Investing Report 2024
PIMCOs Sustainable Investing Report provides our latest thinking on sustainability. Here, we highlight the report's key takeaways, including how we are advancing our analytical capabilities.
AXA IM: Up, down, turn around
Markets are back to where they were before 2 April. Economists thought a recession was a sure bet but are not so convinced now. Investor sentiment or at least market momentum has been very positive.
Our multi-asset investment views - May 2025
We have upgraded our view on equities given the pause on reciprocal tariffs between the US and China. Read more about our views on a range of asset classes here.
Pictet: The rise of BRICS+ and what it means for emerging market stocks
A new world economic order with BRICS+ nations at its core could give rise to a wealth of investment opportunities within emerging market equities.
May 2025 SRI Services & Fund EcoMarket
There continues to be a great deal going on in and around the roller coaster that sustainable investment has become... I hope you find the following of interest:
Fidelity Adviser Solutions: Tackling retirement income challenges and finding opportunities
Fidelity Adviser Solutions asked Laura Whetstone, Director at Lathe & Co Wealth Advisers, about the challenges financial planners and their clients when approaching retirement including cashflow reporting and the impact of the pensions and IHT policy changes. Paul Squirrell asked John Hale how platforms are rising to these challenges and how they can support the changing income needs of clients through retirement.
Aberdeen: Economic infrastructure update Q1 2025 | Aberdeen Investments
Read more about the key achievements across our portfolio companies in the first quarter of 2025
Aberdeen: Global real estate market outlook Q2 2025 | Aberdeen Investments
Geopolitics and macro uncertainties are the largest risks to our forecasts. We discuss our outlook for Q2.
Aberdeen: UK real estate market outlook Q2 2025 | Aberdeen Investments
We expect UK real estate to forge ahead despite the headwinds. Read more about our views in our Q2 outlook.
Aberdeen: Smaller companies: on the road the US | Aberdeen Investments
The Raymond James US Equities Conference is a prime opportunity to engage with companies and investors. Heres what we discussed this year.
Aberdeen: Private Markets: an investment haven in an uncertain world?
Find out how private markets may offer stability and growth in today's volatile world. Can they be an investment haven? Discover the benefits now.
Aberdeen: Enhanced Index Funds: your questions answered
Read the latest from Aberdeen Investments about what investors can expect from Enhanced Index Funds, a systematic investment approach that combines the benefits of low costs and broad diversification with the potential for improved returns.
Aberdeen: Whats next for Londons offices? | Aberdeen Investments
As Londons office market faces high vacancy rates and declining values, the focus shifts to connectivity and adaptability.
Register now: Rathbones Income Fund Webcast 04 June 2025
With global trade tensions fuelling asset market volatility and growing scepticism around the long-standing narrative of American exceptionalism, the first few months of 2025 have been anything but quiet. Are investors now looking beyond US markets in search of resilient opportunities? Will this shift reshape global asset allocation strategies? What role will the UK equity market play in this changing world?
Rathbones Asset Management - In The KNOW blog: Moving beyond DE&I buzzwords
In light of intense political scrutiny of corporate diversity, equity and inclusion (DE&I) practices, Rathbones Asset Managements engagement analyst Jenny Twigg explains why ditching DEI could prove painfully short-sighted.
Charles Stanley: Quarterly MPS Webinar - June 2025
Watch the June edition of the 2025 MPS Webinar Series updating you on our Managed Portfolio Services.
T.Rowe Price: Are U.S. Treasuries still a shelter from recession?
When stock prices fall sharply, U.S. Treasuries historically have tended to rally. However, that has not been the case during the recent tariff-related stock market slump. Investors may need to consider alternative ways to seek shelter from the storm.
Baillie Gifford: Responding to Trumps tariffs
Can any good come of Trumps tariffs? Investment manager Steven Hay explains why he thinks that by adjusting asset allocation the Baillie Gifford Managed Fund can explore the opportunities arising in sovereign debt markets. Capital at risk.
T.Rowe Price: Tariffs create uneven outcomes, but they can also present opportunities
Tariffs are taxes imposed by the federal government on imported goods and services and are paid by the domestic company or individual importing the goods. They are used to increase the relative cost of foreign goods and services and serve various purposes: generating revenue for the government, protecting domestic industries from foreign competition, and influencing trade policies.
Charles Stanley: Is Trumps trade war de-escalating?
Does the US/UK deal mean US President Donald Trump will wind down his destabilising trade war?
Rathbones Asset Management - The Sharpe End podcast: The importance of beating earnings
As Oscar Wilde wrote, in matters of grave importance, style, not sincerity, is the vital thing. Yet President Trumps style is leading some to question American exceptionalism, which has been a hot topic of conversation for the team for years now. The Rathbones Asset Managements multi-asset investing team discuss their thoughts on the longer-term impact of current events on markets and the global economy. And then guess whos back, back again no its not Eminem but earnings season! The team talk about how its gone so far and whats surprised them in whats always a busy time. Finally, Apple which needs no introduction has had products glued to the ears and hands of consumers the world over for some time now. Will the glue hold, the team asks, and what part should the company play in portfolios?
AXA IM: Multi-Asset Investments Views: Its a mad world
President Donald Trump triumphantly branded 2 April Liberation Day, as he announced a wave of new tariffs but the occasion was anything but liberating for financial markets.
Schroders: Monthly markets review - April 2025
A look back at markets in April when the announcement of Liberation Day tariffs by President Trump sparked significant stock market volatility while the US dollar weakened and gold hit a new all-time high.
AXA IM: Greater efficiencies drive bond trading revolution
Bond trading has come a long way since the days of manual paper processes. Automation has vastly improved the ability to trade at both scale and speed.
Pictet: The long, the short and the neutral: demystifying hedge funds
Long/short and market neutral hedge fund strategies can help optimise portfolio returns, acting as diversifiers or substitutes for traditional asset classes.
MAN Group: Fed Could Be in Stagflation Bind as Immigration Policy Adds Inflation Risk
The Feds dilemma and the European stocks that are thriving in tariff-world.