More than £22 billion is currently languishing in consistently underperforming multi-asset funds according to a recent report from Asset Intelligence, with the consultant calling for a ‘great reset’ in this sector.
Freedom Day has finally arrived, but what exactly does this mean for businesses and the general population?
The SimplyBiz Investment Services Investment Committee recently updated the Strategic Asset Allocation (SAA) that sits within Centra, SimplyBiz’s end-to-end financial planning tool.
Royal Dutch Shell were recently instructed by a civil court in the Netherlands to cut their global carbon emissions by 45% compared to 2019 levels by the end of the decade. They’ll appeal the decision, but this marks a watershed moment as it’s the first time a company has been subject to this kind of ruling.
Growing fears about rapidly inflating bubbles in certain parts of investment markets have led to renewed focus on one of the oldest – and most fundamentally misunderstood – relationships in finance, between price and value.
When it comes to investing there are currently two big trends: ESG and low cost. Passive ESG investing is relatively cheap and efficient. What could possibly be wrong with a fund that ticks both the low cost and the ESG boxes?
President Biden’s Covid-19 stimulus package was approved by Congress and will pour an eye popping $1.9 trillion into the US economy.
As we look back the first quarter of 2021, it is clear that a strong, vaccine-driven recovery is now unfolding around the world. It is US-led but global in scale, synchronised across regions and fuelled by generous monetary and fiscal policies. Thanks to vaccination progress the US and UK have both targeted full reopening on 4 July and 21 June respectively. However, where vaccine progress has been weaker, we are seeing further lockdowns imposed, Europe in particular.
We wrote in our 2021 outlook that this year would see the end of three market-shaping forces and two of these have already passed into the history books in the first quarter, albeit with ramifications that will only become clear in the months and years ahead. A Brexit deal finally happened on Christmas Eve and Donald Trump has left the White House, giving way to President Joe Biden and the first unified government across the US executive and legislative branches since the mid-2000s.
Across our funds, we continue to favour cheaper equity markets, including Europe, Japan and Asia/emerging markets, rather than the expensive US. We are now increasingly comfortable favouring the UK as well.
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Verbatim Portfolio Management Limited,
Fintel House, St Andrew's Road, Huddersfield HD1 6NA.
Registered in England under Company No. 07037051, and is authorised and regulated in the UK by the Financial Conduct Authority, FCA number: 515769
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