Can Asia Pacific still thrive without the TPP?

One of the biggest concerns for emerging markets in the event of a Trump win was uncertainty – what exactly would he do to ‘make America great again’? The president-elect eliminated some of the ambiguity this week when he pulled the plug on US involvement in the Trans-Pacific Partnership (TPP) trade deal. The announcement is […]

27 November 2016 by Darius McDermott

insight

Read More...

Huge uncertainty in forecasting the UK’s economic performance in the years ahead

The political turmoil over Brexit continues, the US presidential election race is as tight as can be and the European Union is living an existential nightmare. Monetary policy continues to be the main anchor for financial markets. Looking forward, if the growth outlook doesn’t improve and central bankers are running out of tricks, some dark […]

4 November 2016 by Chris Iggo

insight

Read More...

A rate hike in the US is a greater probability than it has been for some time

The long anticipated rise in yields got underway this week. Credit has outperformed rates and inflation has outperformed nominal government bonds. Rates have bottomed – even the Brexit hit UK economy grew at 0.5% in the third quarter, reducing the need for another UK rate cut. A rate hike in the US is a greater […]

31 October 2016 by Chris Iggo

insight

Read More...

Pensions – sounding the retreat?

Last week the government announced a major U-turn in pension policy.  George Osborne’s much heralded March 2015 announcement to allow pensioners to sell their annuities in exchange for a lump sum was cancelled just a few months before it was due to go live.  The government’s statement on this issue can be read here. Yet […]

25 October 2016 by Steve Herbert

insight

Read More...

Is the party just getting started in India?

I heard it phrased recently that “the party has barely started” in India. With annual Diwali festivities taking place next week, this might have been the topic of conversation. Given I was chatting with a group of fund managers though, I’m inclined to think they were referring to the Indian economy. There are good reasons […]

20 October 2016 by Darius McDermott

insight

Read More...

‘I want a full, frank and fair discussion with my clients on fund costs. Fund managers need to help’

The subject of fees, particularly those that are not readily identifiable in fund charging structures, is one that continually appears in industry discussions.  There has long been a debate about what the effect of these charges are and how they impact upon an investors expectations of returns. Explicit fees are obviously those that are readily […]

18 October 2016 by Lee Robertson

insight

Read More...

Pensions Advice: A casualty no more?

You probably don’t need me to tell you that UK pension savings have been undergoing a rather radical set of alterations in recent years.  The last decade has seen changes large and small, with the most significant including pensions “simplification”, auto-enrolment, charge caps, commission bans, and – most recently – the introduction of Pension Freedoms. […]

9 October 2016 by Steve Herbert

insight

Read More...

Why would a foreign investor take the risk on the UK when its future economic and political position in the world is not known?

A heavily indebted nation withdraws from a massive trading block and its central bank cuts interest rates to 0.25 percent and resorts to buying corporate bonds in an effort to underpin confidence in the economy. What do you think its currency would do, go up or down? Welcome to post-referendum Britain. The pound is falling, […]

7 October 2016 by Chris Iggo

Read More...

For investment grade corporate bonds it will be the rate move that dominates total returns short-term

One of the fundamental implications of quantitative easing (QE) in the bond markets has been the impact of pricing of the highest quality bond assets. Investors pay a cost (in terms of reduced yield) to own the safest of assets. But increasingly they get pushed down the credit curve so over time ratings buckets become […]

30 September 2016 by Chris Iggo

insight

Read More...

From Arkwright’s to Amazon

Napoleon Bonaparte once derisively described Britain as a “nation of shopkeepers”. It was and is a rather lame insult, but like many such comments contains more than a grain of truth.  For despite our tiny geographical presence the UK remains one of the largest economies in the world. So shopkeepers and business people we Brits […]

28 September 2016 by Steve Herbert

insight

Read More...
1 2 3 4 345