Industry news and views from Panacea and our partners.
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Webinar: Artemis SmartGARP® European Equity Wednesday 17 June 10am
Register to hear from Philip Wolstencroft and Harry Eastwood as they discuss why there is more to come from the European recovery, what differentiates the SmartGARP approach, where it is finding opportunities today and why we are much more than a value fund.
Rathbones Asset Management - The Sharpe End podcast: Space X-Rated
Stocks have held up well on the surface so far this year, but its been an extremely narrow market, driven by a handful of mega-cap hyperscalers and AI enablers. Yet after a wild week or so, that has flipped could momentum be starting to turn the other way? Next, they move on to the aerospace and defence sector, where the technology-focused names are leaving more traditional players trailing in their contrails. Finally, this month's stock spotlight reaches for the stars as SpaceX prepares for what promises to be a blockbuster IPO. Is this a rocket ship that investors should be looking to board?
Scottish Mortgage: Perspectives on Progress #18
Discover the companies driving change, from digital banking and new medicines to the future of urban air travel.
Scottish Mortgage Podcast: Why Shoppers are Walking Away from Credit Cards for Affirm
Learn why increasing numbers of shoppers and stores are turning to Affirms buy now, pay later service as an alternative to credit cards. Co-founder and chief executive Max Levchin reveals the technology that underpins his companys promise of no late charges and no hidden fees. And he explains how AI-powered shopping agents could supercharge the business.
Rathbones Asset Management Article: From cloud to concrete: the data centre boom meets the real world
Data centres are the beating heart of the digital economy and the engine room behind the AI boom. But as these engines of the cloud multiply, communities are asking a simple question: who pays the price in water, electricity and quality of life? Sustainable investment analyst Neil Smith explores why local pushback is rising, and how some hyperscalers are trying to earn the trust it needs to keep building. Read more
Rathbones Asset Management Article: The most important company you've never heard of
When Will McIntosh-Whyte and David Coombs launched our Rathbone Greenbank Multi-Asset Portfolios five years ago, the mandate was clear: own companies that didn't just do well, but that also improved the world. ASML was there on day one.
M&G: Visualising diversification in PruFund
Interested in how PruFund delivers diversification in practice? Our latest graphics provide a transparent view of how each £1 in £1,000 is allocated, helping you clearly demonstrate the breadth of the underlying portfolio and its role in supporting long-term outcomes, particularly retirement longevity.
The hidden cost of sitting on the sidelines
When markets fall, moving to cash feels like the best option. But the evidence tells a different story.
Building tournament ready model portfolios
With the World Cup underway, what can great team selection teach us about diversification and robust portfolio construction?
Why time in the market matters more than you think
When markets dip, clients want to act. Here's why staying invested tends to be the smarter play.
Rathbones Asset Management Article: AI can do the work but should it do the thinking?
As AI transforms the speed and breadth of market analysis, Rathbone Income Fund Manager Carl Stick asks an uncomfortable question: what happens when investors stop doing the thinking themselves?
Rathbones Asset Management - You don't need a rocket to profit from space
The SpaceX IPO will be the most hyped stock market debut in history, argues Rathbone Multi-Asset Portfolios Fund Manager David Coombs. He explains why we won't be buying, and the space economy suppliers his team owns instead.
Artemis: How will the Feds new leadership impact bond markets?
As Kevin Warsh takes the helm of the US Federal Reserve, he inherits a divided Federal Open Market Committee (FOMC), a president liable to publicly criticize and the spectre of rising inflation. He has also suggested that things need to change at the Fed. These challenges make it hard to predict what course he will plot.
Aberdeen: When bonds stop behaving: why short-dated income is back in focus
Renewing the case for short-dated income and lower risk outcomes.
Schroders Credit Lens May 2026: your go-to guide to global credit markets
Spreads are once again back at exceptionally tight levels.
BNY: Global momentum in manufacturing
April PMIs (Purchasing Managers Indices) point to a meaningful improvement in global manufacturing momentum, with the U.S., Eurozone and Japan all posting stronger-than-expected and firmly expansionary results.
BNP: Monthly Market Views: Fixed income resilience and equity market divergence
Fixed income performance has been inversely correlated to duration since the start of the Middle East conflict. The best performers have been those with limited duration, high income levels, or with inflation exposure.
Aberdeen: Rethinking cash allocations: ultra short-dated credit in an uncertain world
How these credit strategies can help investors make their money work harder.
BNY: The Client Landscape Navigating Uncertainty, Anxiety and Change
The retirement landscape is evolving rapidly. While todays retirees may appear much the same as before, their financial resources and confidence are shifting significantly. As reliance on traditional, secure income sources like defined benefit schemes and personal pensions declines, responsibility increasingly falls on individuals to manage their own retirement outcomes. This shift presents new challengesand opportunitiesfor financial advisers.
Schroders Equity Lens May 2026: your go-to guide to global equity markets
Earnings are soaring, and Taiwans index weight overtakes Chinas.
Aberdeen: APAC real estate market outlook Q2 2026
What are the prospects for APAC real estate amid market tensions?
BNY: Tracking the margin uptrend
Rising margin expectations continue to support equities, underscoring the resilience of corporate profitability in the face of last years tariffs and this years Middle East war. The U.S. remains especially strong compared to peers, though first quarter earnings will be an important test.
BNP Paribas: Talking Heads Podcast: US small caps Reasons to be cheerful
US small-cap stocks had a strong start to 2026 with the Russell 2000 index significantly outperforming the S&P 500 large cap. Geoff Dailey, BNP Paribas Head of US Equities, tells Daniel Morris, Chief Market Strategist, that the main driver was the artificial intelligence theme.
BNP Paribas: View from the Markets: Taiwan GDP, need I say more?
Day-to-day price movements in markets remain dominated by what is happening around the Middle East conflict. But then one must layer on top of that the overwhelming evidence of the artificial intelligence build-out. Stock markets in Taiwan, Korea, Japan, and the US reached new highs this week.
Cura: Practical Protection Podcast: Fatty Liver Disease
The options for life insurance, critical illness cover and income protection can vary quite a bit, depending upon the cause of the fatty liver and the stage that it is at. The good news is that the liver has a brilliant capacity to heal itself, so there can often be options for insurance.
BNY: Time to buy tech?
Technology valuations have meaningfully declined over the past year, but the sector continues to stand out for its strong earnings growth and relative resilience. While near-term uncertainty remains, tech still appears well positioned as a key driver of broader market growth.
Schroders: Geopolitical risk cant be forecast but investors can control their instincts
Rather than focusing on daily headlines and social media posts, investors need to view geopolitical shifts in a broader context.
Aberdeen: Real Assets: why space and time matter more than ever
Europes energy transition depends on resilient networks and flexibility.
BNY: 3 equity market observations
Murdo MacLean shares Walter Scotts perspective on three headwinds facing equity markets.
Artemis: How will the Feds new leadership impact bond markets?
As Kevin Warsh takes the helm of the US Federal Reserve, he inherits a divided Federal Open Market Committee (FOMC), a president liable to publicly criticize and the spectre of rising inflation. He has also suggested that things need to change at the Fed. These challenges make it hard to predict what course he will plot.
Quilter: An Introductory Webinar
The Quilter Smoothed Funds are designed to provide your clients with a simpler, steadier, and smoother way of investing. Watch where the funds might be useful for your clients, some of their key features, and also how they will be managed. Watch the webinar on demand
Quilter: Gilts Under Pressure: When Politics Meets Market Expectations
Recent UK local election results have raised questions about political stability, fiscal discipline, and the outlook for government bonds.
Quilter: Advising with empathy: why recognising and recording client vulnerability is important
Why recording client vulnerability matters: how advisers can spot change early, adapt advice and use the Quilter platform to deliver better outcomes.
Quilter: May the risks be with you
May is traditionally a month for reflection in markets, with the adage sell in May and go away highlighting a historical trend.
Why Technical Expertise Alone Is No Longer Enough to Win Clients
As AI makes information more accessible and client expectations continue to evolve, one question is becoming harder to ignore: what are clients really paying for? If youve not yet listened to the first episode of Panacea Conversations, John Dashfield explores why communication, trust, emotional intelligence, and the quality of your first conversations may now be your greatest competitive advantage. If youre focused on attracting better clients, improving conversions, and building deeper client relationships, this is a conversation worth hearing.
SpaceX: Pre IPO Briefing Note Scottish Mortgage
Given the materiality of the SpaceX position within the Scottish Mortgage portfolio, and in light of recent speculation and uncertainty surrounding a potential SpaceX IPO, this communication aims to provide shareholders with greater clarity and transparency.
Webinar: Artemis Corporate Bond
Thursday 28 May 10am Register to hear from fund manager and head of fixed income Stephen Snowden on his latest macro views and the impact for the asset class including credit spreads, gilts and why the team disagree with the rate hikes the market is pricing in.
Artemis Webinar: Why now for High Yield
Tuesday 19 May 10am Join Artemis bond managers Jack Holmes and David Ennett as they discuss how short-dated high yield bonds are delivering attractive risk-adjusted returns particularly valuable when markets face uncertainty and why technicals point to spreads holding or tightening further.
Pictet: National security and environmental risks: dual threat to portfolios
Risks from biodiversity loss, climate change and geopolitical conflict are converging to cause potential shocks to financial markets. Investors can no longer afford to ignore these dynamics.
Aberdeen: Equities: AI rivalry shared ambition, different paths
AI leadership isnt just about better models. Its about deployment, power and productivity. We examine how the US and China are taking different routes to economic impact.