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Insights.

HOW MUCH SHOULD PORTFOLIOS ADAPT OVER TIME?

17/10/2023

 
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Markets don't stand still. Should portfolios?
We explore two apparently opposing schools of thought.
Read the full article in FT Adviser

UK property: is this another 2008?

15/9/2023

 
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[3 min read - open as pdf]
  • Servicing a mortgage is becoming increasingly painful
  • Property market transactions are down sharply
  • How does this compare to the financial crisis of 2008/9?

navigating fund concentration risk

25/8/2023

 
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[3 min read - open as pdf]
  •  It’s not the name on the tin, it’s what’s in the tin
  • Provider due diligence is crucial
  • Size matters  

equity allocation: the dispersion game

24/8/2023

 
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2022 was a reminder of the importance of dispersion within equity markets. It turns out this lesson remains relevant in 2023 but with very different - almost opposite - themes.
Click here to read the whole article

China's shaky shadow-banking sector

18/8/2023

 
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[3 min read, open as pdf]
  • Shadow-banking sector accounts for 40% of China’s loans
  • Trusts offer better rates than national banks
  • Government trying to stave off a crisis of confidence

can we trust the yield curve?

28/7/2023

 
Picture
[3 min read, open as pdf]
  • What is the yield curve?
  • Why might it invert?
  • What does this mean in our current circumstances?

the lure of cash

27/7/2023

 
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  • In the ultra-low interest rate era that followed the financial crisis, there was little incentive to allocate to cash
  • But should the promise of a now-meaningful risk-free return prompt investors to switch away from equities?
  • Click here to read the full article: https://www.ftadviser.com/opinion/2023/07/27/the-lure-of-cash

private equity faces a tougher environment

14/7/2023

 
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[3 min read, open as pdf]
  • The pursuit of yield pre-2021 was supportive for private equity
  • Conditions are now hostile on a number of fronts
  • Lack of demand prompts a meaningful discount to NAV

are annuities a new asset class?

29/6/2023

 
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What role can annuity allocation play in a retirement plan?
Is it fair to see an annuity as a 'mortgage in reverse'?
Deciding between drawdown and annuities does not have to be a case of either/or.
Read more on this in our FT Advisor article: 
https://www.ftadviser.com/opinion/2023/06/29/are-annuities-a-new-asset-class/

consumer duty: what do advisers need to do

7/6/2023

 
Consumer Duty: what do advisers need to do? Who's a manufacturer, co-manufacturer, and distributor and when do the lines need de-blurring?

Watch the CISI-endorsed CPD webinar interviewing Paul Jay of ATEB

PROPERTY: RETHINK & BE READY

2/6/2023

 
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[5 min read, open as pdf]
  • Property is a traditional Alternative Asset diversifier
  • Performance has suffered on slowing growth and rising rates
  • Consideration of geography, fund format and liquidity is key

consumer duty: an upgrade, not a sea-change

1/6/2023

 
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For adviser firms in good shape, consumer duty should not be a sea-change. For those that haven't got round to complying with the Product Governance obligations from 2018, there's a lot of work to do.

Read the article in FT Adviser

Infrastructure: a reliable diversifier

26/5/2023

 
Picture
[3 min read - open as pdf]
  • Infrastructure roll-out and renewal underpins modern economies
  • Income streams are inflation-protected
  • Infrastructure has both bond- and equity-like characteristics

US DEBT CEILING CRISIS

19/5/2023

 
Picture
[1 min read, open as pdf]
  • Small, but concerning, chance that the US defaults on its debts
  • Debt ceiling is a cap on government borrowing
  • A US default would create a severe financial shock, so politicians on both sides should ensure its resolved in time
The full version of this article is available to our Clients.

financial stress sends gold soaring

19/5/2023

 
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[3 min read, open as pdf]
  • Gold remains a hedge against inflation and fiat money
  • Central banks' appetite has supported buying trends
  • Gold remains a powerful portfolio diversifier

Japanese equities look quietly compelling

5/5/2023

 
Picture
[3 min read, open as pdf]
  • Japanese equities entered the doldrums post-1989
  • Recovery has been slow but - since the financial crisis - sustained
  • The outlook for investors is promising

FOr small caps, active management can pay

28/4/2023

 
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[3 min read, open as pdf]
  • Data shows small-cap funds more likely to outperform benchmark
  • Dispersion helps to deliver distinctive results
  • Small caps attractive after outsized derating

putting cash to work with money market funds

17/4/2023

 
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Higher interest rates following increases in the Bank of England “Bank Rate” means yieldson cash are attractive once again.  There are different ways to access cash yields: bank deposits, platform cash and moneymarket funds each have advantages and disadvantages.  Minimising frictional costs, and maximising flexibility is key when developing a cashmanagement strategy, in our view.
In this research note for our clients, we explore the role of money market funds in providing a low risk platform-based Investment with a yield similar to Bank of England rates.
Further reading:
Read our October 2021 comparison of money market funds and fixed time deposits


ACTIVE vs PASSIVE: 2022 RESULTS

14/4/2023

 
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[5 min read, open as pdf]
  • Active managers mainly underperform benchmarks in 2022
  • Fail to take advantage of dispersion, but UK small caps a bright spot
  • Persistency remains a challenge

SECTOR INVESTING: an alternative approach to alpha generation

30/3/2023

 
Read the Citywire article
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  • WHO WE ARE
    • About
    • Contact
    • Events
    • Press
  • WHAT WE DO
    • Portfolio Solutions >
      • Our Portfolios
      • Custom Portfolios
    • Fund Solutions >
      • Our Funds
      • Custom Funds
    • Index Solutions >
      • Our indices
      • Custom Indices
    • SPECIALIST STRATEGIES >
      • Money Market Funds
      • Retirement Income Solutions
      • Retirement Portfolios
      • Adaptive Portfolios
      • UK Equity Income
      • Multi-Asset Income
      • Liquid Real Assets
      • Dynamic Risk Parity
      • Gold and Precious Metals
      • Enabling Net Zero
    • Supporting Advisers >
      • Investment Committee Support
      • Regulatory Support
    • CPD
  • WHO WE HELP
    • Financial Advisers
    • Discretionary Managers
    • Fund Providers
  • Insights