Exposure to attractively priced UK earnings remains significant: Mark's portfolios have more than twice the exposure to UK sourced revenues as the FTSE All-Share index. Yet global investors are taking an extremely pessimistic view of the future for UK revenues, failing to recognise the underlying health of the UK economy.
From key data releases to international tensions, there are five issues that Kristina Hooper is watching closely this week.
Clive and Danielle take a look at performance in 2018 and explain why they’re looking ahead with optimism.
Arnab Das, Global Market Strategist, EMEA, and Michael Siviter, Senior Portfolio Manager, Invesco Fixed Income discuss what’s next for Brexit?
Investment outlook – Henley Fixed Interest team: Stuart Edwards, Thomas Moore, Michael Matthews and Julien Eberhardt, Fixed Interest Fund Managers, Henley Investment Centre
As an active, valuation focussed, long-term investor, I seek to invest in companies with strong fundamentals, that can be held for the long-term, when shares that are trading below my judgement of fair value. Correspondingly stock selection is the central tenet of my investment approach, and a superior consideration to that of the current macro-economic environment.
2018 has so far been a testing time for the high yield bond market. What has been happening and what does this mean for investors?
Are we headed for a global slowdown? Read our latest update on the US Federal Reserve and five key issues to monitor closely in the coming week.
Our 2018 global factor investing study draws on insights from 300 face-to-face interviews with institutional and retail factor investors.
The trends we described last quarter - rising interest rates, tightening liquidity conditions and trade protectionism remained evident in Q3. On top of this we observed runs on a number of emerging market currencies (Argentina and Turkey in particular) which caused a degree of contagion to all other emerging market currency and stock markets.
Stuart Edwards, Fund Manager at Invesco comments on recent events in Italy and what it means for bond markets.
It’s hard to have a conversation on the US markets these days without being drawn to a debate on value versus growth. And with good reason: the vast outperformance of growth stocks over value stocks in recent years has benefitted many and hurt others - count ourselves in the latter camp.
Mark McDonnell, Macro Analyst for the Henley Fixed Interest team looks at the hiking cycles within G10 countries and highlights Norway, Sweden, Australia and Canada as countries that are most likely to disappoint. Most of these countries are stuck between 'a rock and hard place' – caught between the monetary policy of their larger trading partner and high levels of private sector debt.
Brazil is out of recession but the economy is still not firing on all cylinders. What is holding it back and do we expect this period of sluggishness to continue?
Global Equity Income orientated strategies have been underperforming the wider market for some years now. It certainly feels like a long time ago since an avalanche of research was singing the praises of high yield investing.
Asia faces near-term challenges, but is well positioned given solid fundamentals.
Income seeking investors have faced headwinds in the aftermath of the global financial crisis. But with demand for income rising, investors may need to cast their nets wider than some of the more traditional income routes.