Industry news and views from Panacea and our partners.
Rathbones
Rathbone Multi-Asset investment update invite
Register to join Will McIntosh-Whyte, fund manager of the Rathbone Multi-Asset Portfolios in the upcoming webinar on 10 May 2023 at 10.00am. Will will give an update on the funds, discuss if this is the most anticipated recession in history and if US legislation designed to improve competitiveness and drive innovation is setting the stage for a manufacturing boom.
Rathbones In the KNOW blog: Olyniaeth – it’s Welsh for succession
The market to supply new-fangled electronics for tomorrow’s smarter, cleaner cars has captivated head of multi-asset investments David Coombs for several years. But in a costlier world, could there also be a resurgence in keeping older, dirtier, yet more economical, vehicles running for longer?
Rathbones In the KNOW blog: Three reasons to stick with investment grade corporate bonds
Last month’s banking sector volatility rattled investor confidence in some bank bonds. But, as Rathbones’ fixed income fund manager Stuart Chilvers argues, there’s still a compelling case for investing in higher-quality corporate bonds.
Rathbones In the KNOW blog: The world has changed
Failing lenders bring back memories of the dark days of 2008 and 2009. Rathbones head of multi-asset investments David Coombs explains why he thinks a global financial crisis is unlikely, but notes how technology has made banking easier for customers and harder for bankers.
Rathbones - The Sharpe End podcast: Sleepless in Silicon Valley
Trying to unpick the turmoil in the banking sector, the Rathbones’ multi-asset team discuss what happened and what it means for the future, and explain what action they’ve taken as a result. Their gaze then shifts to our fair shores as they ask whether, after a few years in the investment wilderness, the UK could be on the precipice of some structural changes that might support the economy and perhaps the equity market too.
Rathbones In the KNOW blog: 21st Century rumour mill
Work intrudes on head of multi-asset investments David Coombs’s vacation time as Silicon Valley Bank collapses. He marvels at just how fast information – and misinformation – can spread and suggests social media may be a risk to financial stability.
Rathbones In the KNOW blog: A tale of two wars
Decades of trade between the US and China boosted living standards considerably in both nations, but their relationship has been fraying for some time. Rathbones head of multi-asset investments David Coombs believes this unravelling is keeping inflation elevated.
Rathbones In the KNOW blog: Sustaining sustainability
As the hard slog of winter drags on, sustainable multi-asset investment specialist Rahab Paracha considers whether ESG issues and sustainable investing can sustain their strong momentum this year.
Rathbones In the KNOW blog: Back to the cycle
The era of virtually zero percent interest rates is over. Rathbones head of multi-asset investments David Coombs believes that means a return to boom and bust, and he outlines which businesses are most at risk.
Rathbones In the KNOW blog: Lessons from a tough 2022
Central banks dominated markets in 2022, sending UK smaller companies tumbling. Yet UK Opportunities Fund manager Alexandra Jackson argues 2023 will be a year when investors start paying attention to companies’ fundamentals once again.
Rathbones - The Sharpe End podcast: Love Satchually
Could David’s usual prediction of US stocks beating European ones come a cropper this year? The team also explain why US real estate investment trusts are a different ball game for them vs the UK market, and where there are some exciting opportunities. Finally, the team turn a loving, Valentine’s Day gaze towards European luxury goods giant LVMH and discuss just why the company’s resilient earnings are perhaps worth paying a pretty penny for.
Rathbones In the KNOW blog: Low expectations, even lower valuations
Britain has suffered through an omnicrisis for almost six months and recession looms on the horizon. And yet UK markets have been a bright spot, notes Rathbone Income Fund co-manager Alan Dobbie. What’s going on?
Rathbones Multi-Asset investment update webcast
Register to join David Coombs, head of multi-asset investments in the upcoming webcast on 22 February at 10.00am, where he will discuss: the impact of disinflation, navigating recessions, and China.
Rathbones - The Sharpe End podcast: A Lidl less compensation
The Rathbones multi-asset team kick off 2023 discussing the outlook for the year ahead: what stays the same, what changes, and why it’s important not to overreact simply because there’s a new calendar adorning our desks. They also discuss whether consumers trading down in household staples will mean less-resilient revenues, and why they think global skincare and cosmetics giant Estee Lauder presents a different story to its peers.
Rathbones In the KNOW blog: 2023: The year ahead. Maybe?
After a pretty questionable effort at predicting 2022, our head of multi-asset investments, David Coombs, dusts himself off and leaps into 2023.
Rathbones In the KNOW blog: Great Expectations?
Multi-asset fund manager Will McIntosh-Whyte channels his inner Scrooge as he confronts Christmases Past and Present. Can they provide investors with helpful insights about what’s to come?
Rathbones - The Sharpe End podcast: The quotes of Christmas past
Join the whole Rathbones Sharpe End team for the Christmas special edition where Craig Brown, Rahab Paracha, and Will McIntosh-Whyte hold David Coombs to account for his predictions for 2022. Just how well did David call the fortunes of the UK economy? How accurate were his views on speculative technology and cryptocurrency? And, importantly, did he beat last year’s score of 4.5 points!?
Rathbones In the KNOW blog: Keeping warm without overheating the planet?
Old buildings that fail to keep in heat aren’t just expensive for their residents. They’re also costly for the climate. Head of Equities Sanjiv Tumkur examines some of the innovations seeking to address this challenge.
Rathbones In the KNOW blog: Bonds and (investment) goals
As head of fixed income Bryn Jones remembers his favourite World Cup, he asks whether investors might want to think about revisiting their bond allocations as they try to meet their investment goals.
Rathbones - The Sharpe End podcast: TechNoBeats
With all the shenanigans since our last episode, is the UK now a relative beacon of political stability? If so, does that move the dial for the prices of British assets? The Rathbones’ multi-asset team explain why capital discipline and the resiliency of ad revenue are the order of the day for them given recent weaker earnings from the US tech giants. Finally, do political shifts in China change the long-term picture for investing in the country?
Rathbones In the KNOW blog: The Naked Coin
The implosion of one the largest crypto exchanges will be a massive shock to many holders of digital assets. Head of multi-asset investments David Coombs remembers a reality check of his own from 10 years ago.
Rathbones In the KNOW blog: Can ‘quality’ stocks deliver recession resilience at a reasonable price?
Slowing economic growth, high inflation and rising interest rates are weighing heavily on global equity markets. Favouring different equity ‘styles’ is one way to try to protect portfolios. Head of equities Sanjiv Tumkur explains that stocks with strong ‘quality’ characteristics tend to outperform in economic slowdowns. So what defines a ‘quality’ company?
Rathbones In the KNOW blog: Mopping up the greenwash
Working the doom-scrolling nightshift sends Rahab Paracha deep into the metaphorical forest on the problem of ‘greenwashing’. Rathbone Funds multi-asset investment specialist looks at the regulator’s proposed new rules to stamp the practice out among fund managers.
Rathbones In the KNOW blog: The Abominable Bond Men
The UK government has shattered against a new generation of bond vigilantes. Halloween came early this year, notes multi-asset fund manager Will McIntosh-Whyte.
Rathbones In the KNOW blog: Schrödinger's assets
Property funds are stinging investors once again because of a run of redemptions. Senior multi-asset investment specialist Craig Brown notes their net asset values are in a happy superposition right up till the point they get measured.
Rathbones In the KNOW blog: Being green is in fashion
Fashion companies are falling over themselves to show they are improving their questionable sustainability credentials. Yet some of their marketing has got ahead of realities of the shop floor, notes sustainable multi-asset investment specialist Rahab Paracha.
Rathbones In the KNOW blog: How to lose friends and alienate people
The UK government has given a textbook example of how not to deliver a message. Our multi-asset portfolios lead manager David Coombs picks over the wreckage and finds coherence, but poor execution.
Rathbones In the KNOW blog: How many possible futures are you prepared for?
The world has fundamentally changed, argues Rathbone Income Fund co-manager Carl Stick. Higher interest rates and higher inflation mean that cash earned today rather than tomorrow has become much more valuable.
Rathbones In the KNOW blog: Treat yourself
London has been extremely busy in a sun-drenched summer, yet a difficult winter looms. Sustainable multi-asset investment specialist Rahab Paracha asks whether luxury brands are a counterintuitive way to invest defensively in a recession.
Rathbones In the KNOW blog: Reasons to be cheerful
With a tough winter approaching, our head of multi-asset investments David Coombs has dusted off the barbell. All the exercise has made him chirpier than usual.