Build a better world With climate change in the news, we thought it would be useful to see how the move to decarbonise the economy can feed through to investment decisions and to opportunities within infrastructure. The UN Climate Change… Read More…

An accident waiting to happen The global growth outlook remains set for a period of synchronised global expansion through the second half of 2021 and into 2022. As the recovery strengthens, the key topic of conversation in company earnings calls… Read More…

Global equities rose and Government Bond prices fell during March as investors continued to adapt to higher growth and inflation expectations. The global economy was reinforced by President Biden’s $1.9tn stimulus package and the announcement of a further multi-trillion infrastructure… Read More…

February saw investors start to discount the probability of a deflationary outlook in 2021/2022 and price in a more inflationary one. Fixed income and long duration assets suffered as a result; the US 10-year Bond yield moved from a low… Read More…

Future’s Bright It has been an eventful and fast-moving start to the new year. Where countries have access to Covid-19 vaccinations, they have been delivered at speed. In the UK at least a third of the adult population has been… Read More…

Global equity markets took a step back in January following strong gains in the previous two months, with the MSCI World declining -0.8% over the month. Caution and uncertainty gathered pace through the month about the pace of various inoculation… Read More…

There’s been some speculation At the start of 2020 the economy was set up for a year of synchronised growth. Thoughts of any growth were put aside as the Covid-19 pandemic caused the worst recession since the Great Depression. The… Read More…

Markets continued their positive momentum during December completing a strong fourth quarter and recovery from the depths of the crisis in March this year. The MSCI World index grew 3.5% over the month, with strong returns from Asia, Small cap… Read More…

When will those dark clouds all disappear After a tumultuous year of geo-political, political and economic change global growth has slowed to its lowest annual rate since the financial crisis. Growth slowing to 3% and a benign inflationary environment provided… Read More…

Global Equity markets have had a very strong November. The UK FTSE 100 index rose 12.7% and the MSCI World grew 12% over the month following the results of the US election and announcements of multiple Covid-19 vaccines. However, both… Read More…

Change of Heart Pt. 2 After the uncertainty of October, November saw confidence return to markets following the US presidential election and the announcement of a number of viable coronavirus vaccines. Relief and a new direction Whilst Joe Biden’s victory… Read More…

After a strong start to October equities sold off in the second half of the month led by European markets, the Oil price and ‘Quality’ companies. Concerns over a second Coronavirus wave were realised during the month, with record daily… Read More…

Tug of war The global economy has maintained its recovery from the depths of the worst recession since WWII; however, we have not recovered to pre-crisis levels, and the outlook remains uncertain. The global daily Covid-19 case count rose steadily… Read More…

Downside volatility returned to markets in September, with concerns over a second Coronavirus wave in Europe, a US presidential election looming and a bifurcated market resulting in global equities falling 2.9% over the month. European governments have reintroduced lockdown measures… Read More…

There’s something going on that’s not quite right The summer has been positive for risk markets, as the decoupling between the global economy and financial markets continues. US equity markets have continued serenely and aggressively to ever higher highs. However,… Read More…