Industry news and views from Panacea and our partners.
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T.Rowe Price: Midyear Market Outlook
The year 2025 was always going to be one of change, but the speed and extent of developments have taken almost everybody by surprise. The full impact of trade policy shifts has yet to unfold, but it is clear that the global trading system is being reconfigured before our eyes, with profound implications for financial markets.
T.Rowe Price: U.S. dollar negatives to take precedence in longer run
During recent client meetings, my outlook for higher U.S. Treasury yields in the longer term has often been high on the agenda. Clients have also been keen to hear my views on the U.S. dollar since the two markets are interrelated.
T.Rowe Price: Weekly Market Recap
Our Global Investment Solutions team produce a weekly market recap which aims to summarise the previous weeks major events and developments that may impact markets. They try to include points that may aid you in your decision making or conversations with clients. This is supplemented by a market data sheet, offering a summary of financial market performance. Last weeks summary is below.
Artemis: Everything thats wrong with passive bond funds
Artemis Head of Fixed Income Stephen Snowden reveals how he is positioning his corporate bond fund for a steepening yield curve in the coming years, and explains why this option isnt available to index trackers.
Baillie Gifford Monthly Income Fund: retirement income for the long term
Join Investment manager Steven Hay who discusses the latest trends and opportunities in income investing, offering insights into achieving long-term financial goals.
Rathbones Asset Management - In The KNOW blog: Pork chopped
Former First Bro Elon Musk is lambasting President Trumps tax and spending plans as a mountain of disgusting pork. Rathbones Asset Managements multi-asset fund manager Will McIntosh-Whyte unpicks the claims and concludes a few porky morsels may not prove a bad thing, as long as bond markets can swallow them.
Key findings from the Schroders Adviser Pulse Survey 2025
The UK financial advice sector is undergoing significant transformation. Insights from Schroders latest Adviser Pulse Survey, conducted in May to June with over 270 advisers, reveal how firms are addressing these challenges and opportunities.
M&G Wealth: Multi-Asset Update and How Risk Ratings Influence Investment Choices Webinar
24/07 at 10am - This webinar will cover how risk ratings can influence investment selection, the market outlook for H2 2025, recent performance of the M&G Model Portfolio Service and Prudential Risk Managed Funds.
BNY: The 5Ws of Multi-Asset Investing
We explain the What, Why, Where, When and Who of multi-asset investing.
Pictet: Innovation at the heart of healthcare
Heart disease is the leading cause of death globally. JenaValve has pioneered a life saving minimally invasive procedure to replace damaged heart valves.
AXA IM: World Bank cuts global growth outlook; US inflation rises less than expected
The World Bank cut its global growth forecast, cautioning that increased trade barriers and heightened uncertainty pose a "significant headwind".
Aberdeen: The Monthly Macro Outlook Video June 2025
Whats driving the latest surge in US deficit projections? Lizzy Galbraith highlights the fiscal and trade policy shifts that could reshape the global economic outlook.
AXA IM: Is this the end of the road for tech?
After a good 2023 and 2024, tech sector has underperformed in 2025, and investors cant be blamed for asking if the tech trade is at an end.
Schroders: Investors see the value of active management as volatility intensifies
With rising uncertainty on their radar, investors seek to make their portfolios more resilient. They see active investment management as key to the solution.
Aberdeen: Is the Big Beautiful Bill a step too far for bond markets?
In this episode, we explore the Trump administrations sweeping plans that would swell government borrowing, why bond markets are getting nervous, and what Elon Musks exit may mean.
BNY: The 5Ws of Investment Benchmarks
A benchmark is a point of reference used to measure something else. For example, if you planted two sunflowers side by side you could use one as a benchmark to compare them as they grow.
Pictet: Barometer: Cautious on equities as US flip-flops on tariffs
We remain underweight most developed market stocks as US tariff policy is still unclear but are more enthusiastic about emerging market assets.
Schroders: Global equities the top choice for returns as investors embrace diversified approaches
The Schroders Global Investor Insights Survey for 2025 reveals that equities, both public and private, are the preferred choice for investors seeking returns.
Aberdeen House View: Navigating a volatile macro and market regime
How should investors navigate tariffs, rate cuts and fading US exceptionalism? Explore the latest House View for new insights on equities, bonds, private markets and the global trends shaping the next 1218 months.
AXA IM: Carefully Crossing
The level of resistance at the ECB Governing Council against bringing the policy stance into accommodative territory, now that the policy rate has been lowered to 2%, is higher than we expected.
BNY: 5 impact investment myths
In this infographic, Insight Investment responsible investment senior portfolio manager, Fabien Collado, tackles five myths around impact bonds. Contrary to some investors assumptions, Collado argues the market is large, liquid and provides a range of investment opportunities.
AXA IM: CIO Views: Uncertainty continues to dictate outlook
US policy uncertainty and its outlook implications remain front and centre. In the case of adverse outcomes, US assets remain most at risk, given the threats to growth, inflation and interest rates.
Pictet: Lessons from 40 years of company returns
Persistent pricing anomalies in equity markets open up opportunities for investors with methodical, quantitative approaches, according to analysis of 40 years of company returns.
MAN: The UK Economy: Better Than It Looks
There are reasons to be cautiously optimistic about the outlook for the UK.
BNY: A postcard from Japan
In this video, Walter Scott client investment manager Murdo MacLean discusses a trip to Japan undertaken by members of the research team. Find out what they learned.
Aberdeen: Smaller companies: on the road Milan
We recently visited Milan to meet some of the standout Italian smaller companies from luxury goods to finance. Heres what caught our eye.
Schroders: Introducing ContextAI: boosting sustainability insights with pioneering AI
Our ContextAI tool marries our proprietary sustainability framework with the efficiencies of artificial intelligence.
Pictet: Tilting away from the US
US policy is pushing investors to look beyond the US, a reallocation that is set to include private assets.
AXA IM: Poise, not noise
The trade war, however it evolves, is a macroeconomic shock but the reality is less harsh than the rhetoric. Year-to-date equity market returns are positive, and some markets are up a lot.
M&G: IHT planning using Gift, Loan and Discounted Gift Trusts
Inheritance Tax is perhaps the best example of the fiscal drag that is increasing taxes in the UK. The Nil Rate Band has remained at £325,000 since 2009 and the government has said it will remain frozen at this level until at least 5 April 2026.
Charles Stanley: The comeback of certainty: fixed income shines amid market volatility
Recent fixed income performance has shown just how important it is to actively manage exposure we recap why, and how we have been doing so.
Aberdeen: Why income investing in emerging markets?
Most often associated with growth investing, a look at how emerging markets represent a uniquely appealing income universe for today's active investors with a total return mindset.
MAN: Are V-Shaped Recoveries Becoming More Frequent?
Aprils sharp rebound may feel familiar, but history suggests V-shaped recoveries are no more frequent than before. Also, the cracks in the US economy are starting to show.
BNY: A colourful palette: global bonds
Insight Investment senior portfolio manager Damien Hill discusses some of the opportunities arising from allocating across global bond markets in a responsible way.
MAN: Uneasy Calm?
Todays market landscape is caught between fragility and tentative stabilisation. Also, what happened to the expected M&A bonanza?
BNY: Opportunity from volatility
Newton portfolio manager Janice Kim discusses the mixed asset teams current thinking around the shifting macroeconomic and geopolitical backdrop.
MAN: European Credit: An Underrepresented Market with Outsized Potential
European credit has historically had a modest presence in global credit benchmarks, resulting in reduced allocation in most global portfolios. In contrast, more than 60% of global indices are weighted towards US credit, though we do not believe this is always where the best opportunities present.
PIMCO: Charting the U.S. Consumer With Kristofer Kraus
Kristofer Kraus, portfolio manager and co-lead of PIMCOs asset-based finance business, charts the nuances behind the overall resilience of U.S. consumers and explains how these insights shape lending and investment strategies.
BNY: Asset allocating for volatile times
Amid a volatile investment environment, Newton head of mixed assets investment Paul Flood shares the teams view on bonds, equities and alternatives.
Aberdeen: Whats next for Londons offices? | Aberdeen Investments
Chinas battery maker CATL recently enjoyed a bumper listing. Here, we explore Chinas battery dominance and share details of our recent visits to CATLs cutting-edge factory.