Industry news and views from Panacea and our partners.
Investment Commentary_
Baillie Gifford: Retirement income: smooth the journey, not the market
For retirement investors, a steady, growing income stream can help mitigate market volatility. David Rolland of the Baillie Gifford Monthly Income Fund explains.
Rathbones Asset Management - The Iran conflict reinforces that geopolitics is back with a vengeance
The rumble of B-52s is giving Head of Multi-Asset Investments David Coombs sleepless nights, while his days are filled with fever dreams of oil and TACOs. He looks at the long-term consequences of a more fractured world.
BNY: Impact of geopolitics over time?
Tensions between the U.S./Israel and Iran have recently boiled over into a military conflict, which has given many investors the jitters. However, our research shows that equity market pullbacks resulting from geopolitical events are often short lived with the S&P 500 typically higher in the months following these events.
BNY: Multi-Asset Views: Everybody hurts
These are the core investment decisions from this months report on BNP Paribas Asset Management multi-asset investment views.
Schroders: Unconstrained fixed income views: March 2026
Events in the Middle East mean inflationary pressures are rising and central banks are on alert.
BNY: Differentiate to diversify
Techs shine is fading, making way for differentiated portfolios to flourish, says BNY Investments Newton global equity income portfolio manager, Jon Bell.
BNP Paribas: Managing multi-asset portfolios amid the volatility
The Middle East conflict and the resulting oil price surge have left the global economy and investors on a knife-edge. If the conflict is short-lived, the cross-asset market reaction would be to reverse the recent fall in valuations
Schroders: Our multi-asset investment views March 2026
After the spike in oil prices, the outlook is more balanced from here but that doesn't mean volatility is over. Find out more in our latest multi-asset views.
BNP Paribas: View from the Markets: Its not just Iran
The war in Iran continues to be the most visible factor driving global equity market returns. For example, the MSCI equity index for oil exporter Norway has gained over 6% since 27 February, while Thailand, an oil importer, has seen its market fall by nearly the same amount.
BNY: SCOTUS tariff decision may lift risk assets
The Supreme Court of the United States (SCOTUS) announced in a 6-3 ruling that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) exceeded the powers of the president.
Schroders: Why short-dated bonds make sense in uncertain times
Turning to cash may seem tempting but waiting comes at a cost unless youre being paid. Short-dated bonds present an attractive alternative.
Aberdeen: Emerging market debt: myth versus market reality
Emerging market debt (EMD) entered 2026 in great shape. Across the asset class, we are seeing a range of positive dynamics. Hard-currency sovereigns, for example, are experiencing a wave of ratings upgrades, reversing a decade-long trend of downgrades.
Schroders: The new bond regime: why its no longer simply about income
Global bond markets continue to offer some of the most attractive income levels in over a decade, but investors can no longer treat fixed income as a simple, passive allocation.
BNY: What's going on with software?
Walter Scott has been taking a close look at software companies. Client investment manager George Dent explains why.
Artemis: Will the broadening out of leadership in the US market continue?
Artemis ask Head of US equities Cormac Weldon what's behind the broadening out of returns in the US equity market and if it will continue.
Schroders: Beyond productivity: AIs structural shift in active management
AI in asset management has moved beyond initial productivity gains. Pablo Riveroll explains the benefits of integrating proprietary data and research with large language models, while Charlotte Wood discusses the company-wide vision for agentic AI.
Schroders: Let Asia's Growth Power Your Children's Financial Future
Theres no getting away from the fact that young adults in the UK today face a barrage of frighteningly large expenses that many will struggle to meet without parental help.
Artemis: UK equities: Why should investors look past the headlines?
Artemis' Fund Manager Ed Legget discussed the impact of recent negative political headlines and what has been attracting international investors back to the UK.
Pictet: The Iran war: scenarios for investors
The Iran war has roiled markets. Here are the scenarios investors should consider.
Artemis: Whats been driving the Russell 2000 outperformance vs the S&P?
Artemis' Fund Manager Olivia Micklem explains what's behind the YTD outperformance of US small caps vs their larger peers.
Schroders Equity Lens March 2026
Your go-to guide to global equity markets. Investing when geopolitical and stagflation risks are high.
M&G: AI and the elephant in the room: market concentration
AI continues to drive markets, but leadership is narrow. Our global lens highlights where opportunities are broadening beyond the US, helping you frame the risks and rewards in todays tech?driven landscape.
M&G: Valuations as our north star
Much of last years performance has been valuation-driven rather than fundamentals-led. This section explains why starting valuations remain a useful anchor when setting long?term expectations.
Baillie Gifford: Emerging Markets, AI build and commodities
Investment specialists Philip Rae and Qian Zhang explore growth opportunities in the US, the Emerging Markets Growth Fund, and Acctons role in the AI infrastructure buildout. Capital at risk.
Baillie Gifford: The active edge: the case for growth in uncertain times
A series of extraordinary events has made the environment more challenging for growth stocks. But this level of trepidation cant go on forever, says Baillie Gifford partner Stuart Dunbar in this latest episode, suggesting that patient investors will benefit when stability returns and the markets value exceptional companies at a premium again.
MyFolio Live on the road 21 30 April 2026
Market volatility remains firmly in the spotlight, making it more important than ever to stay composed and reassure your clients. With over 15 years experience, the Aberdeen Investments MyFolio team brings a disciplined, diversified and risk-aware approach design to keep portfolios steady.
Artemis Webinar: UK Small Caps: Why the opportunity is now
Join Artemis Mark Niznik and William Tamworth as they challenge the prevailing negativity around the UK market and explore why UK small caps, in particular, could be entering a powerful new phase of opportunity.
Rathbones Asset Management - The Sharpe End podcast: Dire Straits
As the conflict continues in the Middle East, the team discusses whether they are making any changes to their portfolios in response to the big moves they're seeing in markets. Next on the agenda is the software sector: once-loved, but where sentiment has since soured. Finally, the stock spotlight of the month is Singapore Telecommunications, one of Asia's largest telecom operators that's evolved well beyond a traditional phone company.
BNY: Behind the numbers: Q4 GDP
Gross domestic product undershot expectations last quarter, but the shortfall appears driven more by the temporary government shutdown than broad-based weakness. Consumer demand remains resilient, and with supportive fiscal policy, easing financial conditions and a steady labor market, the outlook points to a modest acceleration in economic activity this year.
BNY: Sovereign debt: developed markets feel the weight
Advanced economies are grappling with historically high levels of sovereign debt.
M&G: 10 Things to Love About PruFund
A quick look at key features that may support clients starting to invest.
BNY: AI adoption: the macro shock of the decade
In a short period, AI has advanced from novelty to an integral part of workflows, often matching or surpassing human performance in areas such as image classification, algorithm design, and data analysis.
Schroders: The value of not over-reacting to geopolitical turmoil
Moving out of stocks in response to market disruption can be an expensive mistake.
Aberdeen: Ultra-short-dated credit: steady returns in a changing rate environment
How active, benchmark-free strategies and ultra-short-dated credit could enhance cash returns.
Aberdeen: Beyond scale: rethinking the engine room of European infrastructure
Does size matter for economic infrastructure projects?
BNY: The Active Volatility Imperative: Building Resilience in Multi-Asset Portfolios
BNY Investments Newton Portfolio Manager and Quantitative Analyst Paul Byrne walks through why active volatility management is essential for positioning in the new risk reality.
Artemis: Will 2026 be Chinas year?
Wondering whether the New Year will bring an end to US exceptionalism has become something of tradition among investors as they play the annual forecasting game.
BNY: The role of volatility-managed funds in client portfolios: beyond model portfolios
BNY Investments Newton Portfolio Manager and Quantitative Analyst Paul Byrne explores how active, volatility-managed portfolios can help investors navigate todays market risks.
Pictet: Artificial intelligence powering a healthcare revolution
Machine learning is leading us to new therapies, says Generate: Biomedicines' Michael Nally.
Artemis: Whats been driving the Russell 2000 outperformance vs the S&P?
Artemis Fund Manager Olivia Micklem explains what's behind the YTD outperformance of US small caps vs their larger peers.