Industry news and views from Panacea and our partners.
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T.Rowe Price: Are structural spread changes concealing value in credit?
Credit spreads across many fixed income sectors have returned to historically tight levels in late summer. This observation is most acute for U.S. corporatesboth investment grade and sub-investment gradewhere spreads are near the tightest levels since the turn of the 21st century. This is after widening in the wake of the Trump administrations initial tariff announcements in early April.
Quilter: Help corporate clients maximise liquidity & returns
Business owners often hold significant cash reserves, but are they working hard enough? With the cash savings solution CashHub, available on Quilters platform, your corporate clients can optimise their liquidity strategy by accessing competitive interest rates across a range of savings accounts, helping them earn more without sacrificing flexibility.
Aberdeen: What effect will a tougher US immigration policy have?
The Trump administrations policies could push net migration down to levels not seen since the 1980s. This could weigh on potential growth while putting upward pressure on inflation.
MAN: Curing Paranoia
Academic research generally favours risk parity over 60/40, but investors have been slower to embrace it
Pictet: What makes thematic equities sound long-term investments?
Thematic stocks can deliver superior long-term returns but their alpha-generating potential hinges on the right investment process, philosophy and skills.
PIMCO: Generating Yield with Resilience: Positioning in Todays Market
In todays markets, generating yield without sacrificing resilience is paramount. Group CIO Dan Ivascyn discusses how our income approach leverages elevated starting yields and a flexible portfolio to deliver attractive returns while managing risk.
M&G Investments: European HY has matured into a robust and diversified asset class, offering attractive risk-adjusted returns and strategic diversification benefits.
European HY has matured into a robust and diversified asset class, offering attractive risk-adjusted returns and strategic diversification benefits.
M&G Investments: Why now? The case for European high yield
European HY has matured into a robust and diversified asset class, offering attractive risk-adjusted returns and strategic diversification benefits.
AXA IM: Playing with numbers
Concocting a bearish view on US stocks based on valuations is relatively easy. It doesnt mean the market is going to correct.
Schroders: Six months on - was DeepSeek really a moment? As Ben Graham said, the more the market changes
Investors like to think they are smarter than previous generations but that is not always clear from the evidence.
Aberdeen: What are the key opportunities and trends in credit investing today?
Find out in this wide-ranging interview with Global Head of Fixed Income Jonathan Mondillo.
MAN: US Debt Strategy Risks Repeat of 2019 Liquidity Crunch
The US issuing lots of short-term debt may not be a viable strategy in the long term. Also, how do you price the new reality of explosive hurricanes?
M&G Investments: Platform wars: How competition could reshape Chinas gig worker economy
Chinas vast army of gig workers is the backbone of the countrys digital economy, powering consumption and logistics infrastructure.
Pictet: Barometer: Emerging markets more attractive than expensive US
While equity markets are buoyant worldwide, emerging markets stocks and bonds are the only assets that merit an 'overweight' allocation.
MAN: The Fed May Disappoint. Especially EM Investors.
Markets overestimate the Fed's room to cut rates and EM spreads may be cut off from their liquidity lifeline.
Schroders: Our multi-asset investment views - August 2025
The risk/reward profile for equities is becoming less compelling, while we have concerns around inflation risks. Find out more in our latest multi-asset views.
M&G Wealth: M&G 2025 Annual Allowance event
In this session, M&Gs award-winning Technical Team will spend an hour drilling down into the fundamentals of the three Annual Allowances standard, money purchase and tapered how they work, how you calculate them and how you deal with any tax charges.
AXA IM: Multi-Asset Investments Views: We all live in America (but investors can travel)
Equity investors patience has been rewarded, as markets comfortably navigated Augusts introduction of the new US tariff regime. Consequently, indicators of trade policy uncertainty have normalised.
Aberdeen: The rates reset where next for UK investors?
Since 2022, global interest rates have been high. This has facilitated flows to cash and liquidity funds.
PIMCO: Income Strategy Update: Seeking Stability With High Quality Fixed Income
We focus on high quality investments with compelling yields in an environment of elevated uncertainty.
Pictet: Keeping pace with climate change: human adaptation
Our evolutionary history shows how humans can adapt to climate change.
M&G Investments: Smooth sailing? Don't get caught in the cross currents
In this CIO Note, Fabiana Fedeli, CIO Equities, Multi Asset and Sustainability at M&G Investments, emphasises the importance of focusing on the micro when the macro backdrop is uncertain.
Schroders: Five perspectives on how cheap UK equities really are
Assessing whether UK equities are fundamentally cheap relative to both history and their international peers.
M&G Wealth: 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.
AXA IM: Fantasia
I tend to spend a lot of the summer in Falmouth, Cornwall, in Britains far south-west. In this epoch of climate change, its more comfortable than the Med.
Aberdeen: How MyFolio supports suitability led advice
Whys MyFolio a trusted risk-targeted solution for multi-asset investing? Find out here.
BNY: Five lessons from 30 years of equity investing
During a long career in investing, Walter Scott executive director and co-chair of the investment management committee, Roy Leckie has experienced the highs and lows of equity markets. Read his five investment lessons to find out what he has learned along the way.
Schroders: Economic and Strategy Viewpoint Q3 2025
Global activity has held up well despite policy uncertainty. This could be at odds with market expectations of rate cuts.
BNY: Asian century: a new world order
Newton Asian income portfolio manager, Zoe Kan, considers how Asian economies are rising as global leaders in technology and trade and why she believes the region is worth looking at from an equity income perspective.
Autumn Budget: inheritance tax and other possible changes
Chancellor Rachel Reeves has a huge challenge on her hands trying to balance the nations books and will be looking at all possible ways to raise extra tax revenue in this years Autumn Budget. Here Fidelity Adviser Solutions round up what those changes could be and how they could impact you and your clients.
T.Rowe Price: How AIs rise is changing the game for software companies
The software industry is home to some of the more popular business models that have emerged over the past two decades, as the shift to cloud delivery and subscriptions has led to strong growth, high margins on incremental sales, and increased recurring revenue.
Rathbones Asset Management - In The KNOW blog: The UK faces tough choices it needs to act
As the UK summer slowly rolls towards autumn, the governments second Budget approaches. Head of Multi-Asset Investments David Coombs is getting concerned that Labour isnt bold enough to deal with pressing problems. Read more
Financial inclusion: investing for positive change
Imagine waking up tomorrow with no debit card, no banking app, and no safe way to send money to loved ones or securely store your savings. Imagine feeling unwanted by the financial system overlooked and underserved. This is a daily reality for 1.3 billion adults worldwide who remain financially excluded, representing one of todays most significant yet solvable social and economic challenges.
The hidden power of persistence
From Ryanair to Demant, inside ownership can give companies a competitive edge. Baillie Gifford investment manager Jenny Davis explains more.
Aberdeen: Is China's green investment bubble about to burst?
Chinas green investments continue to power economic growth. Yet, some worry that factors such as overcapacity and slowing electric vehicle (EV) production could trigger a collapse. We disagree. In fact, we believe the outlook is not only stable but full of investment opportunities. Heres why.
T.Rowe Price: Impact of high sovereign debt on bond markets
Tuesday, September 09, 2025 10am
BNY: Led by tech, U.S. outperforming since mid-April
After years of outperformance, the U.S. underperformed other regions during the first quarter. While the debate over whether U.S. exceptionalism can persist continues, the U.S. has resumed its leadership since mid-April - led by the technology sector.
Aberdeen: Is China's green investment bubble about to burst?
Is Chinas green boom about to go bust? Overcapacity fears loom but the long-term story may just be beginning. Read more here.
M&G: Japanese equities: Learning to navigate a new equilibrium
The Japanese equity market has largely drifted sideways over the past 12 months, following a powerful run in 2023 and early 2024.
Aberdeen: Infrastructure equities: why telecom towers tick all the boxes
A look at why telecom towers can be an ideal asset for infrastructure equity investors.