Asset Allocation Research for UK Advisers

In this article for ETF Stream, Hoshang Daroga explores the Size Factor and why it might have a role to play in concentrated portfolios.
Read the full article

Trump wins the US elections.  What is the impact on the stock market?
In our latest research note for UK financial advisers, we look at:

1. What it means for a Trump win and a Republican trifecta "sweep"?
2. What the impact is for equity markets, bond markets and alternative asset classes
3. Where next for the Dollar and Sterling after both the US Fed and UK Bank of England cut rates

The report is available to our clients
If you are a UK financial adviser and would like our research for your investment committee, please fill in your contact details.

Trump may be divisive. But his win was decisive. What do the US Election results mean for Equities, Bonds and Alternatives?
For equities, Energy (oil), Financials (deregulation) and Industrials (defence) all fared well following the Trump win.
For bonds, the focus remains policy-dependent with continued concerns over the level of US debt issuance and as to whether a Trump term will be inflationary.
For alternatives, a decisive win removed some political risk in the world's larges democracy so Gold came off a touch.  Listed Private Equity Managers have soared and the clear casualty is Clean Energy.
If you are a UK financial adviser and would like our research for your investment committee, please fill in your contact details.​

Find out more about the Elston Smart-Beta UK Dividend Index (ticker: ELSUKI)
For latest UK Equity Income index factsheet click here
​ 
UK Equity Income: monthly index commentary for October 2024
by Rob Davies, UK Equity Income Index Specialist at Elston Consulting
​
October was another month when UK equities dropped slightly in capital term as news flow was dominated by speculation about budgets and elections. In fundamental terms there was virtually no change in expectations of future dividend income to UK listed equities and that, in the long term, is what underlies returns.
 
The small drop in UK equity valuations was a little surprising in view of the decline of sterling against the US dollar, which is normally a supportive factor. But it may be that changes in potential growth rates were a more dominant issue.
 
All but two sectors, Energy and Financials, fell during the month. The largest drop was in Real Estate closely followed by Health Care, Information Technology and Utilities. For the year-to-date Financials lead the field by a wide margin although Communication Services, Consumer Staples and Industrials are still up in double digits.

Join us for this Post-Budget Review: what does it means for 1) the UK economy, 2) your clients, and 3) your advice proposition
Agenda

• Introduction (with Elston's Head of Research Henry Cobbe)
• Update UK economic outlook (with FT Investors Chronicle's economist Hermione Taylor)
• Market outlook (with Elston's Investment Director Hoshang Daroga)
• The "Fix first, flex later" pension and budget comment (with Sir Steve Webb of LCP and former Pension Minister)
• Investment solutions in new tax regime (moderated by Head of Adviser Relations Elston's Scott Adams)

(For UK Advisers only)