We have a long combined history of investing across some of the world’s leading institutional funds management businesses, domestic pension funds and directly as advisors for high net worth clients.
Most investment portfolios today are structured around long-term average returns and a set and forget strategy. Investment markets have and will always be complex and dynamic. Markets do not adhere to a calendar, and nor do we.
We are committed to exceeding our clients’ expectations, continually seeking to innovate and evolve our service. We take the business of protecting and growing our clients’ wealth as serious as our own, investing our own money alongside them.
Movements in interest rates will be the most important determiner of overall investment portfolio performance over the next few years assuming there is no surprise recession or other unexpected shock. Extremely high valuations for equity markets are most often justified via a comparison with very low interest rates and therefore any meaningful increase in interest rates will likely trigger lower share prices. In this Insight we consider why interest rates remain low despite strong growth and what the medium term outlook is.
Movements in interest rates will be the most important determiner of overall investment portfolio performance over the next few years assuming there is no surprise recession or other unexpected shock. Extremely high valuations for equity markets are most often justified via a comparison with very low interest rates and therefore any meaningful increase in interest rates will likely trigger lower share prices. In this Insight we consider why interest rates remain low despite strong growth and what the medium term outlook is.
Movements in interest rates will be the most important determiner of overall investment portfolio performance over the next few years assuming there is no surprise recession or other unexpected shock. Extremely high valuations for equity markets are most often justified via a comparison with very low interest rates and therefore any meaningful increase in interest rates will likely trigger lower share prices. In this Insight we consider why interest rates remain low despite strong growth and what the medium term outlook is.
To the bewilderment of many in the investment community, the Chinese Government appears to be systematically targeting many of their largest and most successful companies with punitive regulatory actions. In this month’s Insight, we review recent regulatory and market developments in China, which have led investors to reassess the risk of investing in the world’s second largest economy.
To the bewilderment of many in the investment community, the Chinese Government appears to be systematically targeting many of their largest and most successful companies with punitive regulatory actions. In this month’s Insight, we review recent regulatory and market developments in China, which have led investors to reassess the risk of investing in the world’s second largest economy.
With Covid related restrictions in well-vaccinated developed market countries being eased and life returning to normal, the global economy will experience peak growth in the months ahead. During this period, households will deploy their excess savings (built up through a combination of fiscal stimulus and an inability to spend in a locked down environment) and enjoy long awaited freedoms. This period of peak growth is driving strong inflation and consensus expectations for higher interest rates. The key question is what happens to growth after this burst of activity. In this Insight, we make the case that growth could return to “normal” more quickly than many expect.
With Covid related restrictions in well-vaccinated developed market countries being eased and life returning to normal, the global economy will experience peak growth in the months ahead. During this period, households will deploy their excess savings (built up through a combination of fiscal stimulus and an inability to spend in a locked down environment) and enjoy long awaited freedoms. This period of peak growth is driving strong inflation and consensus expectations for higher interest rates. The key question is what happens to growth after this burst of activity. In this Insight, we make the case that growth could return to “normal” more quickly than many expect.
Much has been written about the valuation of the US equity market. We think we can add to the debate by outlining how we consider equity valuations and returns within the context of our strategic asset allocation framework. We also analyse the Tech Bubble of the 2000s, the most obvious historical precedent to today, to see if there are any asset allocation insights to be gained. Finally, we discuss the possibility that despite the current starting point, US equities outperform the rest of the world in the coming decade as they did in the last.
Much has been written about the valuation of the US equity market. We think we can add to the debate by outlining how we consider equity valuations and returns within the context of our strategic asset allocation framework. We also analyse the Tech Bubble of the 2000s, the most obvious historical precedent to today, to see if there are any asset allocation insights to be gained. Finally, we discuss the possibility that despite the current starting point, US equities outperform the rest of the world in the coming decade as they did in the last.
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