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AIC fund manager poll: The American Dream in 2017?
The AIC has issued the results from its 2016 fund manager poll. The Association of Investment Companies’ (AIC) annual fund manager survey finds managers more optimistic on the outlook for equities than a year ago,…
A prescription for providing 21st century healthcare (video)
Global healthcare systems are reaching breaking point. In developed markets, rising costs, aging and growing populations, an increase of chronic and communicable diseases are the perpetual and metaphorical headache. In developing markets, systems and infrastructure…
Week in review: New Year, new me…
Try a new career: With each New Year’s Day comes the usual ritual of making New Year’s Resolutions. Getting healthier, saving more money, or trying a new career are among the top cited promises we…
The Year Ahead 2017
January 2017. Our positive economic outlook for 2016 was pretty much correct and, at the end of the year, it looks as if markets reflected that growth with almost all major equity indices in positive…
Week in Review: goodbye Monte
Christmas is upon us but the end is nigh for Monte dei Paschi. Or at least it is as a privately owned bank. The various attempts to recapitalise the world’s oldest surviving bank through the…
A review of 2016: A test of endurance…
2016 is certainly a year that will go down in the history books – for both the right and wrong reasons. Apart from a swathe of celebrity deaths, we’ve had Brexit, the still surreal rise…
Central Bank Policy Divergence – The Impact on the Dollar
Before we dive into this week’s missive, this will be our last commentary before Christmas. We may try and write a short commentary between Christmas and New Year if market movements warrant one. We wish…
Week in review: a creditable performance
The attention of European investors was again focused on Italy’s troubled banks. But for once there was some reason for cheer. Unicredit, Italy’s biggest bank, announced a radical restructuring plan to help shore up its…
Equity Bulls in Charge as ECB Makes Way for the Fed
Having spent the second half of last week on the road meeting investors, I have not yet managed to catch up on all the nitty gritty of what happened at the coal face. This is…
Week in review: shock absorbers
After Brexit and Trump, investors have grown used to shocks – especially of the political variety. And in any case, it was widely accepted that Italian voters might use Sunday’s referendum to reject the constitutional…
Risk
“ Life is not an illogicality; yet it is a trap for logicians. It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its…
Oil and the Dollar Dominate Thoughts as We Wait for Italy to Decide
It’s been a busy week already with OPEC announcing its first production cut in 8 years, the usual monthly US employment report and the build up towards the Italian referendum this weekend. These are all…
Week in review: Spending pledge boosts growth forecasts
It was a week where the world eagerly awaited further details of the incoming Trump administration. A slew of appointments from the world of high finance - including Goldman Sachs veteran Steven Mnuchin as treasury…
Big Picture Thoughts on Equities
With equity investors jumping on the Trump bandwagon, pushing the S&P 500 up by 3.5% since just prior to the election, we thought we would share some of our long term, bigger picture thoughts on…
Fortune favours the brave
It is well known that technology funds offer the potential for punchy returns, but they are also regarded as very volatile investments - a characteristic that we were reminded of last week when 'The Donald'…
Political Change Has Led to Market Excess – What Next?
There really have been some extraordinary market moves since Donald Trump became President elect a bit less than two weeks ago. According to Bloomberg, the last two weeks have seen; Global bonds poised for biggest…
Week in review: Trump sinks his teeth in
‘Brexit’ and ‘Trump’ have continued to fill news headlines with the US president elect announcing the first high-profile appointments of his administration. Meanwhile, a leaked memo from Deloitte claimed the UK government has no overall…
Trump in the driving seat: where should you steer your cash?
The world is busy trying to digest the shock outcome of the US election and the possible implications of Donald Trump’s presidency both for the US economy and more broadly for global prosperity. There are…