Recent Posts

  • Global Risks - you can’t Trump these | Fri 17 Jan 2020

    Topic: Market commentary

    For a number of years we highlighted the twin problems of debt and demographics, and the political risks if the politicians did not get to grips with their implications.

    As debt levels increase to ever more giddy levels, the diversion of capital and payments of interest act like sucking oxygen out of the economy.
    As populations age, consumer spending is more subdued and State commitments rise.
    And lack of political leadership has allowed unelected central bankers to make it up as they go along, and a bad situation in 2007-2009 is now even worse. [read more]

  • What’s Hot? What’s Not? UK cracks on. US cracks up? | Fri 17 Jan 2020

    Topic: Market commentary

    Looking at the main asset classes it’s been a strong second half to 2019 for equity sectors, while bonds have been dull. This is a contrast to the end of 2018 when the majority of sector averages were negative.

    UK Smaller Companies is the top performing sector, while just three sectors slip into negative territory for the last 6 months of 2019. Technology has continued to do well along with China, Asian and Emerging Markets while the US has started to flag by comparison. [read more]

  • Guest blog: The 2020 geopolitical risks that matter for emerging markets | Fri 10 Jan 2020

    Topic: Market commentary

    While we’re looking at global emerging markets as part of our Trade of the Decade, here’s a wide ranging look at the risks from the M&G team.

    Last year was very eventful in emerging markets with its share of US tariffs/sanctions, regime changes in many countries, mass protests across the board and Carlos Ghosn escaping Japan to soon-to-default Lebanon on the very last day of the year! 2020 promises many geopolitical risks. We have compiled some of the key risks below for developing economies, including “the biggest crisis no one is talking about”. Brexit has been intentionally omitted. [read more]

  • The Boris Bounce – subtle changes | Fri 03 Jan 2020

    Topic: Market commentary

    Before Christmas we looked at the funds and sectors which performed most strongly in the wake of the landslide UK election win for the Conservatives. Here we update that, and note some subtle changes, even over such a short period, plus consider feedback we are receiving from clients and other contacts around the UK. [read more]

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