Industry news and views from Panacea and our partners.
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Aberdeen: Where do interest rates go if growth weakens but inflation increases?
Rising interest rates are back, but why? What does this mean for inflation, growth and equities?
BNP Paribas: US high yield: Resilience against interest rate and spread volatility
The US high yield market has weathered recent market turbulence well, but selectivity is becoming increasingly paramount.
Artemis: The trillion-dollar company that still looks cheap
With all the coverage about Elon Musks SpaceX IPO and its intergalactic valuation, you may not have noticed when Samsung quietly entered the club through a side door a few weeks ago.
Pictet: Technology legend Steve Wozniak surveys the IT landscape
Its 50 years since Steve Wozniak created the first Apple computer and changed the face of modern technology. And his curiosity and insights are as keen now as they were in 1976.
Artemis: High Yield Happenings: The fixed income allocation that doesn't behave like the rest
Artemis' Jack Holmes makes a clear case for adding short-dated high-yield bonds to a balanced portfolio.
Schroders: Why the yen is set to strengthen and why that matters
Normalising interest rates, among other factors, signpost a strengthening of the yen over the medium and longer term.
Aberdeen: Japan: Authorities push against a strong dollar and oil
The Iran conflict has triggered fresh policy challenges for Japan. The Ministry of Finance has resumed yen intervention but will struggle to reverse depreciation while the Iran conflict remains unresolved. The Bank of Japan is close to hiking and reconsidering its bond tapering path.
BNP Paribas: Multi-Asset Investments Views: Midnight oil
SpaceXs initial public offering saw the company valued at about $1.8 trillion, which propelled it into the worlds top 10 firms by market capitalisation.
BNP Paribas: Monthly Market Views: Political transitions and market caution
UK investors face another change in political leadership. This could also mean a shift in economic policy with a focus on stimulating growth and addressing the countrys regional inequalities.
M&G: Lighthouse Edition 2
Lighthouse Edition 2 is now available. Explore the latest market insights to support informed client conversations and portfolio decisions.
Pictet: Why Asias energy shock will hasten the clean transition
USD 100 oil is the best advertisement for EVs, says former Philippines energy secretary Vince Pérez, who believes the Iran war is speeding up Asia's energy transition.
Schroders: A different ask of global equities as investors seek downside protection
In a more volatile world, capital growth has ceased to be investors top priority, according to Schroders Global Investor Insights Survey 2026. Instead, equities must play a part in achieving greater diversification and downside protection.
Aberdeen: Resilience by design: multi-asset portfolios for volatile markets
A look at the benefits of deliberate, long-term multi-asset portfolio construction.
Aberdeen: Climate realism: why infrastructure investing needs a policy lens
A more realistic view of how investors can support decarbonisation.
Schroders: Three common misconceptions about active ETFs and why they matter in volatile markets
As more investors incorporate active ETFs in their portfolio, several recurring claims keep surfacing that dont fully hold up in practice.
BNP Paribas: China: Late to the AI sprint, strong in the marathon
In todays global artificial intelligence (AI) industry, the US leads in frontier models and accelerator design, Taiwan manufactures the most advanced chips, South Korea supplies high-bandwidth memory, and investors crowd into the most obvious winners.
Aberdeen: Global infrastructure: Why a selective approach matters
As the infrastructure universe expands, investors must look beyond broad labels and test whether assets still offer the characteristics that make infrastructure attractive.
M&G: Prudential International achieves highest-ever AKG ratings
Prudential International has achieved an A financial strength rating and 5 stars for service from independent ratings agency AKG. These are the strongest ratings received to date and reflect both financial strength and service delivery. The latest AKG assessment is available to support adviser due diligence and research activity.
BNP Paribas: Mid-year outlook: Prospects remain upbeat for equity and fixed income investors
The global macroeconomic outlook was dominated by two themes in the first half of 2026: the Middle East conflict and the continued boom in artificial intelligence-related spending.
Aberdeen: Emerging markets: a heritage built through every cycle
Aberdeens panel discuss navigating EM volatility through cycles, supply-chain resilience and a diversified, all-cap approach.
Aberdeen: Fixed income outlook: finding opportunity in uncertainty
Aberdeen examine the repercussions of recent global events including in the Middle East, with a focus on how these developments are influencing economic growth and inflation, as well as shaping the trajectory of global monetary policy.
Rathbones Asset Management Article: From luxury to necessity: air-con and ventilation
Britain may not be built for heat, but its future increasingly demands that it is. Rathbone UK Opportunities Fund Manager Alexandra Jackson and Rathbone Greenbank Global Sustainability Fund Manager David Harrison explore the investment case behind cooling, ventilation and climate resilience.
Rathbones Asset Management: American postcard: SpaceX, stock tips from bellhops, and the AI gold rush
In his latest American postcard, David Harrison looks past the spectacle of one of the largest-ever stock raises to ask whats really moving markets. Follow the money pouring from AI model owners and hyperscalers to the chipmakers, suppliers and industrial firms standing in front of an enormous wave of spending.
Artemis: Webinar: What's driving US Small caps?
After years of large-cap dominance, the Russell 2000 has outperformed the S&P 500 year to date: is there more to come? Join the Artemis team as they discuss why they believe broadening earnings, attractive valuations and cyclical tailwinds put US small caps in a strong position for future growth.
Scottish Mortgage Podcast: In Conversation with Gopuffs Co-Founder
From late-night convenience to everyday essentials, Gopuff is rethinking how people shop. Scottish Mortgage has backed Gopuff since 2021 and in the latest episode of Invest in Progress, co-founder Yakir Gola discusses the company's long-term ambition.
Scottish Mortgage Manager Insights: Lawrence Burns
Lawrence Burns reflects on the past 12 months and what the agentic era of AI could mean for growth investors.
Scottish Mortgage Manager Insights: Tom Slater
From AI infrastructure and space-based connectivity to digital finance, Tom Slater reflects on a year defined by disruption and opportunity.
Baillie Gifford: Mega-caps, ecommerce and SAINTS
In this episode of Upfront, James Budden and James Dow discuss recent developments in Baillie Gifford's investment trusts, the case for active investing in concentrated markets, and Sea Limited's ecommerce growth in Southeast Asia. Capital at risk.
Aberdeen: MyFolio Q2 webinar
22 July 9:30-10:30am Join Aberdeens MyFolio Q2 webinar featuring the latest macroeconomic outlook and review of the MyFolio fund ranges.
Rathbones Asset Management: Don't buy the UK, buy the right UK companies
The UK stock market is far more interesting than the headlines suggest, if you know where to look. Rathbone UK Opportunities Fund Manager Alexandra Jackson explains where shes finding great companies.
M&G: What is a safe haven now?
Are traditional safe haven assets still delivering? Explore how changing market conditions are reshaping where resilience can be found.
The hidden cost of sitting on the sidelines
When markets fall sharply, moving to cash feels like the best option. But the evidence tells a different story. Analysis of global equity markets from 1995 to 2025 shows that a £10,000 investment left fully invested would have grown to approximately £120,000 - an annualised return of 8.7%. Miss just the 30 best trading days over that period, and the same investment is worth around £33,000. That's the cost of trying to time the market.
Baillie Gifford: Inflation risk: the quiet test of retirement income
Protecting spending power is a key challenge for long-term investors. Steven Hay explores how the Baillie Gifford Monthly Income Fund seeks to provide monthly income while preserving long-term value. Capital at risk and income not guaranteed.
Aberdeen: Emerging markets: stay ahead as perceptions shift
For many investors, emerging markets still carry familiar labels: volatile, complex and difficult to own.
Artemis: AI changes everything so why do you have the same portfolio?
Every investor seems to know and accept that AI is changing the world. But what many seem to be overlooking is the speed of change in AI itself.
BNP Paribas: View from the markets: Too much of a good thing
Recent volatility in global technology shares has been partly caused by better-than-expected US economic data which led to market expectations for higher fed funds rates in the future.
Schroders Equity Lens June 2026: your go-to guide to global equity markets
When valuations are at current high levels, the case for equities hinges strongly on earnings.
BNY: Expectation: the retirement spending conundrum
Clients spending plans are a pivotal input to retirement planning, but rarely clear. We explore why estimates miss the mark and how advisers turn uncertainty into workable strategies.
BNY: A broader foundation for earnings growth
Although companies benefiting most directly from AI-related capital spending are the main drivers of higher earnings, strength is no longer confined to that group. Earnings across the broader market remain solid and are expected to grow more than 10% this year and next, suggesting the risk of concentrated market leadership may not be founded.
Artemis: Why do most investors ignore the biggest driver of returns?
When something sounds too good to be true, it usually is. So if I told you most fund managers could boost long-term returns by paying more attention to a single metric, your reaction would likely be one of scepticism.