Industry news and views from Panacea and our partners.
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Schroders: US economy and markets: whats the state of play as Trump takes office?
As President Trump begins his second stint in the White House, our investment experts consider the current state of the US economy and the stock and bond markets.
Pictet: The 5 lessons investors should learn from 2024
Gold was a top performer in unusual circumstances while US exceptionalism held firm.
AXA IM: Beyond the Respite
The dataflow has been kind last week, allowing for a respite on the bond market. AXA IM review Michael Pettis paper on trade tariffs as a current account rebalancing tool and Setser and Tortoirs proposal for a more muscular approach in Germany to Chinese competition
BNY: Insight Investment: Thoughts for 2025
Teams from Insight share their outlooks on interest rates and inflation, as well as on investment grade, high yield, and municipal bonds. They also address nature-related risks, and access to water.
Pictet: European direct lending in 2025: looking beyond the crowds
Europe's growing private debt universe presents attractive investment opportunities, particularly in the less crowded lower mid-market.
BNY: How does an absolute return bond fund work?
Absolute return bond funds aim to provide investors with a positive return throughout the economic cycle. Insight Investment portfolio managers Shaun Casey and Harvey Bradley describe how.
BNY: Global short-dated high yield: Three reasons for resilience
Insight Investment believes the global short-dated high yield market is resilient. Heres why.
M&G: Normal expenditure out of income exemption
Some would say that the normal expenditure out of income exemption is the most generous of the Inheritance Tax (IHT) exemptions - it's unlimited. This video looks at how it works and also how you might use it to start making inroads in your client's IHT liabilities.
AXA IM: Bond time
Despite higher yields, the world is not walking away from bonds - or threatening not to finance government deficits. US Treasury long-term yields of between 4% and 5% are reflective of where the economy is and that the decade of low interest rates is well behind us.
Schroders: The two key risks facing investors
More resilient portfolios are needed to tackle the challenges of rising bond yields and market concentration.
M&G: Weekly market commentary - available now
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and theres also a customer-friendly version to share directly with your clients.
M&G: Multi-Asset Solutions January Quarterly Update
29/01 at 10am. This event will cover best practices for building a central investment proposition, the market outlook for 2025 and recent performance of the M&G Model Portfolio Service and Prudential Risk Managed Funds.
M&G: Weekly market commentary
The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and theres also a customer-friendly version to share directly with your clients.
Baillie Gifford Managed Fund: Investment Update
Investment manager Iain McCombie and investment specialist Paul Roberts give an update on the Managed Fund covering Q4 2024.
Baillie Gifford: Five inevitable and investable long-term growth drivers
From smarter robots to intelligently designed drugs, Baillie Gifford partner Stuart Dunbar discusses some of the transformations that will define the years ahead in this episode of Short Briefings on Long Term Thinking.
Scottish Mortgage interviews Solugens CEO
How did the CEO of Scottish Mortgage holding Solugen start a revolution within the chemicals industry over a game of poker? Find out in this episode of the Invest in Progress podcast.
T.Rowe Price: 2025 Outlook for US Smaller Companies
US small cap stocks led the market forward at the end of 2024, where November was the fourth best month for small cap stocks since 1926. Is this set to continue in 2025?
BNY: Suitability, repeatability, scalability
We look at how firms are responding to the FCAs thematic review of retirement income advice and consider potential actions to meet the growing demand for their services.
An 'era of adaptation': A Global Environmental Opportunities strategy update from Pictet AM
Extreme weather events are on the rise around the world, leading to unprecedented flooding and damage to infrastructure and communities. While the need for mitigation remains urgent, investments in adaptation and resilient infrastructure are set to inflect upwards leading to opportunities in various areas from floodwater management to electric grid enhancement, and urban planning. We believe these areas can provide a compelling long-term return as we enter into an era of adaptation.
Fidelity Adviser Solutions: Tax planning considerations following Labours first Budget
The end of the tax year promises to be a particularly hectic period. Not only have we seen fundamental changes to pension legislation this year with the abolition of the lifetime allowance and the introduction of three new allowances but also the new Labour government has announced some changes to capital gains tax and the inheritance tax rules as we move forward. All these alterations potentially affect clients long-term financial plans and certain actions may need to be taken before the new tax year.
Schroders: UK borrowing costs surge: what would it take to bring them back down?
UK borrowing costs have risen above levels last seen in the financial crisis. We explain the background to this trend, the outlook from here and implications for investors.
AXA IM: Bad Timing (for everyone)
The UK is a clear victim of bond market contagion. Yet, we think the deterioration in the macro outlook will ultimately allow the BoE to provide more support than what the market is currently pricing.
Artemis: US equities: 2025 Outlook
In this short video, Artemis Adrian Brass explains why he thinks the bull market in US stocks will continue in 2025. He expects to see a recovery in earnings and a broadening out of market performance beyond technology stocks.
Artemis: UK Equity Income: 2025 Outlook
In this short video, Artemis Andy Mars explains why a combination of share buybacks, attractive dividends and earnings growth could make the UK market an attractive destination in 2025.
Artemis: Corporate bonds: 2025 Outlook
In this short video, Artemis Grace Le explains why investment-grade corporate bonds merit a place in your portfolio, at a time of heightened geopolitical uncertainty and slowing economic growth.
Artemis Chief Investment Officers outlook for 2025
Artemis Paras Anand sees opportunities in the UK and China over the year ahead, but warns investors about private markets and urges them to take a selective approach to Europe.
Artemis: European Equities: 2025 Outlook
Artemis Philip Wolstencroft of the Artemis SmartGARP European Equity Fund is investing in sectors such as the banks, insurers and pharmaceuticals which are on low ratings, yet growing at a reasonable pace and have positive newsflow.
Artemis: The themes and threats set to define global markets in 2025
In this Q&A, Artemis Natasha Ebtehadj explains why she thinks investors will hear less about AI and more about China in the year ahead.
Artemis: Small-cap catalyst? Youre asking the wrong question
An obsession with what is going to increase earnings or bump up the share price in the short term drastically reduces the investable universe of UK smaller companies and potentially overlooks the main drivers of long-term returns, according to Artemis Mark Niznik and William Tamworth.
Orbis Global Equity Q4 2024
In most fields, the value of better performance increases linearly within a narrow range. However, in some areas, performance improvements can create exponential value, especially when leveraged across vast markets or large organisations.
Schroders: UK borrowing costs surge: what would it take to bring them back down?
UK borrowing costs have risen above levels last seen in the financial crisis. We explain the background to this trend, the outlook from here and implications for investors.
Powering the future: Why clean energy solutions are the backbone of tomorrow's data centres
Pictet believes that AI will profoundly transform societies, with its untapped and immense potential applications. However, one of the biggest challenges facing the data centre industry is ensuring a secure and reliable power supply while managing their energy consumption. In particular, the custom AI chips market is poised for phenomenal growth, driven by a relentless focus on energy efficiency. How does the Clean Energy Transition strategy benefit from these opportunities?
Rathbones Asset Management - The Sharpe End podcast: Gilty Party
Its been quite the new year hangover for the global bond market as yields have continued to race away at the start of the new year the UK 10-year gilt is back to levels not seen since the 2000s.
Baillie Gifford Managed Fund: 30 years of growth
Iain McCombie, co-manager of the Managed Fund, reflects on 30 years at Baillie Gifford, highlighting the firm's adaptability and long-term focus amidst volatile markets.
M&G: Expanding our Passive and Hybrid MPS Ranges
We are adding an additional risk profile to the Passive and Hybrid MPS ranges on Friday 17 January 2025. This will give you and your customers a broader range of choices, helping the M&G MPS cater to a wider range of needs. There are no changes to our Global ESG Themes models.
J.P. Morgan Asset Management: The Weekly Brief
As 2025 gets underway, consensus expectations point to solid earnings growth across most major regions for the year ahead. At a developed market level, analysts are anticipating that earnings will grow at 12%, with close to 14% earnings growth expected in the US and a more modest 8% expected in Europe.
Orbis: Is genuine diversification becoming harder to achieve?
From the forces driving inflation and rising market concentration to the critical role of genuine diversification, discover what these shifts mean for investors and their portfolios.
BNY Mellon: Will China's stimulus work?
Newton head of mixed assets investment Paul Flood reacts to the Chinese governments economic stimulus package.
Artemis: UK Smaller Companies: 2025 Outlook
In this short video, Artemis William Tamworth gives his views on what will bring IPOs back to the UK, whether the wave of M&A activity can continue and how smaller companies can pick up where they left off in the first half of 2024.