Investment Team Monthly Update
In a world where financial markets are continually evolving, we believe it is important for investors to have access to information that can help with their decision-making process in a timely manner.
Each month, you can read the latest ‘Monthly Perspectives’ documents from our investment teams around the macroeconomic outlook, portfolio positioning, performance, and their outlook.
Monthly strategy updates
Global Short Duration strategy: The rally stalls
At its September policy meeting, the US Federal Reserve projected that its ultra-low interest rate policy would likely remain in place until the end of 2023.
Sterling Credit Short Duration strategy: The rally stalls
UK gilt yields fell in September as coronavirus case numbers continued to rise, threatening the global economic recovery.
Global Strategic Bonds strategy: Government bond volatility falls, credit spreads reverse
Government bonds continue to trade in a very tight range, with yields very low as central banks appear to have suppressed volatility in high quality bonds.
Asian Credit Strategies: Wavering rally to test investment convictions
Some encouraging signs of macro recovery benefitting from strong central bank support as well as fiscal policies; concerns remain over virus containment and impact
Inflation - Surprising rebound in inflation in July
Headline inflation surprised to the upside across the main markets
High yield continues to rebound since the lows of Covid
To be sure, the month’s economic data remained deeply rooted in negative territory when viewed on a year-over-year basis. Then again, some of the month-over-month changes from April to May produced s ...
FinTech Strategy: We expect positive FinTech newsflow to continue in the second half of the year
Global equity markets pulled back moderately in September after several months of solid performance.
Longevity Economy strategy: Strategy outperformed reference benchmark as global equities suffered a modest decline
Many European countries experienced resurgent numbers of COVID-19 infections in September leading governments to re-impose some social distancing measures.
Global Thematics strategy: We used the weakness seen in markets at the earlier in the month to selectively increase positions
Global equity markets were weaker September, due to growing concerns of a resurgence in the incidence of COVID across key markets, the gradual reduction in fiscal stimulus and uncertainty associated ...
Global Technology strategy: Investments in areas of technology innovation will continue to see further adoption as we approach 2021
During September, the MSCI World index was effectively flat gaining 0.04%. The technology sector underperformed with the MSCI World Information Technology index, down 1.1% .
Clean Economy strategy New energy vehicle penetration of new car sales year to date continues to rise rapidly
Global equity markets were weaker in September, as concerns mount over the rising incidence of COVID, the reduction in fiscal stimulus and uncertainty around the upcoming US election.
UK Mid Cap strategy : UK labour flexibility will help any economic adjustment that needs to be made
Concerns around the increase in COVID infections across several countries, the gradual withdrawal of fiscal support from governments, and political uncertainty associated with the US election and Bre ...
UK Multi-Cap strategy : The government fiscal and monetary response will be a long-term determinant of the shape of the economic recovery
Concerns continue to grow as the end of the government’s furlough scheme approaches, and is replaced with a smaller Job Support Scheme, aimed at preserving employment in viable businesses rather than ...
Digital Economy strategy: Following a strong recovery, markets had a pause for breath, but underlying trends are intact
Asia, where the pandemic seems to be under control, performed better than Europe and North America. In the US, concerns around the outcome of the presidential election, a lack of additional fiscal st ...
Robotech strategy: Improving global industrial robotics outlooks with demand supported by Electric Vehicles and Battery manufacturers
Global equity markets were weaker in September with COVID cases in Europe starting to rise and the uncertainty environment created by the upcoming US election.