LGIM

6 June 2019
Summer selling: can seasonality improve equity returns?
Summer selling: can seasonality improve equity returns?

Despite the lack of a firm explanation for the ‘Halloween effect’, markets have continued to exhibit seasonal tendencies since their discovery – although our new analysis suggests the effect may be fading.

3 June 2019
Breaking up: US and China
Breaking up: US and China

He said, Xi said: President Trump believes tariffs are great for the US because China is paying; the evidence suggests otherwise.

24 May 2019
Balancing carry and caution
Balancing carry and caution

Being active in high yield doesn’t necessarily mean taking on more risk. But risk management isn't all about reducing risk either. How should investors strike this balance?

20 May 2019
Ready for stage 3?
Ready for stage 3?

After the sharp equity rally over the past four months, what could possibly drive another leg up? For me, the missing ingredient has been the lack of any upward re-pricing of growth.

10 May 2019
Making up: US and China
Making up: US and China

The trade war has clearly disrupted trade flows, but better growth and positive signs of a deal might mean the Fed has overdone its dovish pivot.

7 May 2019
What has two tails and one problem?
What has two tails and one problem?

Assuming investment returns are normally distributed exposes you to a lot of tail risk.  It is important to be aware of the abnormality of market returns and manage risk accordingly.

2 May 2019
Finding income in a low yield environment
Finding income in a low yield environment

Seeking income in a low rate environment has seen investors search for yield in riskier assets. While the risk associated with higher yielding investments can’t be eliminated, we look at three ways in which that risk can be reduced

4 May 2019
Have we been sailing through choppier waters?
Have we been sailing through choppier waters?

US equities saw an increasing number of sharp reversals in performance last year, but we caution against extrapolating this to mean that a change of trend is around the corner.

2 May 2019
The curve that's crying wolf
The curve that's crying wolf

The yield-curve boy is crying wolf, raising recession fears. But the villagers at central banks have responded to dangers already.

26 April 2019
Q1 earnings: Season opener
Q1 earnings: Season opener

The earnings season will deliver an enormous amount of newsflow. This one is shaping up to be unusually interesting. Here is a quick guide on what to expect and what to look out for from the macro perspective.

17 April 2019
Don't underestimate English wine – or UK equities
Don't underestimate English wine – or UK equities

The persistently gloomy narrative on the UK equity market seems unjust, given the underlying growth and value opportunities we are finding. So what can the UK’s wine industry teach us in the face of such unrelenting negativity?

16 April 2019
Market bubbles and melt-ups
Market bubbles and melt-ups

Signs of bubble trouble in equity markets have dissipated, in my view. But as the risk of a market melt-down has fallen, could the chances of a ‘melt-up’ be rising?

14 April 2019
UK broadband infrastructure: at a crossroads
UK broadband infrastructure: at a crossroads

The race to provide faster broadband is on. But will incumbents be disrupted by the challenger providers: the 'altnets'?

18 March 2019
ECB succession: the race to replace Mario Draghi
ECB succession: the race to replace Mario Draghi

Forget the debates about nationality – the next ECB chief’s most important quality will be their ability to keep the show on the road in the next crisis.

20 March 2019
Equity protection, it's the same as buying a car really
Equity protection, it's the same as buying a car really

Buying cars and protecting yourself from equity market falls may not appear to have much in common. But you might choose to do both if you had the option…

8 March 2019
A woman's work is never done
A woman's work is never done

Across the world, more women participate in the formal labour market than ever before. But as the quality of women's employment varies widely, what can be done to reduce international differences?

12 March 2019
Swimming in data lakes and running through random forests (part 1)
Swimming in data lakes and running through random forests (part 1)

Why should investors take note of advances in the field of data science? And why now?

8 March 2019
ESG integration -- from portfolio to plate
ESG integration -- from portfolio to plate

What can 'Veganuary' teach us about sustainable investing and all its ingredients?

7 March 2019
Is the multi-factor craze the next fool's gold rush?
Is the multi-factor craze the next fool's gold rush?

In the popular 90s video game Tomb Raider, Angelina Jolie’s alias Lara Croft traversed the world, opening chests and crypts and looking for different but complementary treasures. Multi-factor investing isn’t wildly different, but all that glitters is not gold…

6 March 2019
Why separation of powers on the board matters
Why separation of powers on the board matters

Splitting out the Chief Executive Officer (CEO) and board chair roles may help companies prepare for future challenges.