Industry news and views from Panacea and our partners.
Rathbones
Rathbones In the KNOW blog: It doesn’t add up
Stocks soared to new highs in June, but more pessimistic bond markets tolled a more ominous note amid weaker growth, falling earnings, trade tussles and other troubles. Chief investment officer Julian Chillingworth considers the mixed messages coming from stocks and bonds. Read more
Rathbones In the KNOW blog: Time to break up?
The honeymoon for US tech giants may be over, but is it time to break up? Rathbones Chief investment officer Julian Chillingworth discusses the intensifying antitrust scrutiny of America’s tech titans and how their future may rest on political machinations.
Rathbones In the KNOW blog: Road kill
Will McIntosh-Whyte of Rathbones, reflects on the risky business of managing multi-asset funds, and why you should always remember the Green Cross Code.
Rathbones In the KNOW blog: New EU inmates take over the asylum
The world seemed to unravel further last month, with British voters electing members to the EU Parliament whose goal is to leave it, and Donald Trump continuing to wield his trade cudgel. Our chief investment officer Julian Chillingworth considers the implications.
Rathbones In the KNOW blog: 10 years ago, I dreamed a dream
They used to call David Coombs crazy. When he set up our multi-asset funds 10 years ago, many people didn’t get why we were setting targets for return and risk that investors could hold us to.
Rathbones In the KNOW blog: A ray of sunshine
David Coombs gets his grump on about the state of global politics. But our head of multi-asset investments is refreshed by the approach of a pragmatic and thoughtful businessman.
Rathbones In the KNOW blog: Lights will stay on
Rathbones equity analyst Camilla Ayling reflects on the disruption to traditional retail, something of concern for investment managers when looking to invest clients’ funds in the sector. But it isn’t all about online, and Camilla points to a light at the end of the tunnel for some store-based retailers.
Rathbones In the KNOW blog: Another can gets kicked
Some optimism has helped to bolster markets which have rebounded from the dog box they were in. Julian Chillingworth, Rathbones chief investment officer, explains why we are cautiously confident but still mindful of the looming threats to global growth.
Rathbones In the KNOW blog: Actions speak louder than tick boxes
Mass reporting on ESG factors could backfire, warns David Coombs, Rathbones head of multi-asset investments. Better to have active engagement and a deeper understanding of the companies you invest in.
Rathbones In the KNOW blog: Winner takes all
Our asset allocation strategy team considers whether the field of outperforming stocks is narrowing, and comes to an unexpected conclusion worth considering when advising your clients on investments.
Rathbones In the KNOW blog: Detachment from market mood swings
With markets lurching from greed to fear and back again, Rathbones head of multi-asset investments discusses the importance of having good shock absorbers in your portfolio.
Rathbones: Ditch the models
In the first of his dispatches from the regions, our head of multi-asset investments, David Coombs, explains why he looks forward to the banter with IFAs. He also shares some of the pain that goes into getting out to see them.
Rathbones In the KNOW blog: Thinking for yourself
Don’t let robots blindly guide you, warns David Coombs, our head of multi-asset investments. Algorithms are great investors right up to the point when things change – which is more often than programmers would like.
Rathbones In the KNOW blog: How smart is ’smart beta’?
As with most things in life, should you expect to get what you pay for when it comes to managing your clients’ investments? Rathbones business development executive Julianne Smith poses the question – how smart is ‘smart beta’?
Rathbones In the KNOW blog: Don’t bet the house on it
Rathbones’ head of asset allocation research Ed Smith explains why advisers should encourage their younger clients not to rely on property wealth when it comes to funding their retirements.
Rathbones In the KNOW blog: Reality cheque required
Nothing hurts more than expecting a cheque yet receiving a bill. Unfortunately, this is happening to millions of Americans right now, explains chief investment officer Julian Chillingworth.
Rathbones In the KNOW blog: Beats me
Nothing hurts more than expecting a cheque yet receiving a bill. Unfortunately, this is happening to millions of Americans right now, explains chief investment officer Julian Chillingworth.
Rathbones In the KNOW blog: Don’t blame the young
Ed Smith, Rathbones head of asset allocation research, debunks the myth that millennials have themselves to blame for the challenging financial futures they face, and provides a dose of reality for advisers and their clients of all generations to consider.
Rathbones In the Know blog: Bad excuses for bad businesses
Almost two hours late and on his third pair of trousers, our head of multi-asset investments, David Coombs, isn’t in the mood for half-baked equivocations by UK company managers.
Rathbones: Great timing
US nonfarm payrolls smashed expectations once again, posting 304,000 new jobs in January instead of the 165,000 forecast. December's number was revised down from exceptionally high to very high. The ISM manufacturing survey rose to 56.6, higher than expected, showing that US producers are busy and confident. Consumer sentiment was soggier, however, dropping to the weakest level of Donald Trump’s presidency. It was likely dragged down by the record 35-day government shutdown, yet it held up significantly better than economists had expected.
Rathbones Review of the Week
Every time Theresa May gets trounced in Parliament, delays a vote or a member of her Cabinet lets slip that she won’t really force a no-deal exit from the EU, sterling shoots upward.
Dinosaur or canary? Rathbones
Global stock markets have been unsettled by political and economic uncertainty recently, and swung significantly between gains and losses in the final weeks of 2018. President Trump’s criticism of the Federal Reserve’s latest interest rate rise added to concerns that US consumer demand may be cooling. Meanwhile, trade tensions between America and China continue despite a temporary truce.
Rathbones: What did I miss?
Concerns about a worldwide slowdown in growth have made for a rotten time in markets over the past six weeks or so.
Rathbones: Safe harbours
Equities took another battering last week, with oil and technology stocks hit hardest.