Don’t let robots blindly guide you, warns David Coombs, our head of multi-asset investments. Algorithms are great investors right up to the point when things change – which is more often than programmers would like.
Elon Musk has got himself in hot water with the SEC after months of erratic behaviour. Our head of multi-asset investments, David Coombs, ponders the effects of hubris.
Will McIntosh-Whyte, assistant manager of our multi-asset funds, finds a few hidden gems while exploring his new digs in zone one. He found another in Wisconsin, USA.
Rathbones’ head of equity research Sanjiv Tumkur discusses how the next generation is steering consumer trends, and why millennials matter for investors of all ages.
Clearing the hurdles
Ten-year gilt yields rose steadily in the first two months of 2018 to a high of more than 1.6% (figure 6). They fell back slightly from late February, but even at these levels UK government bonds are once again looking like a viable alternative to holding cash in portfolios.
We have long believed that with yields so low, gilts offered little advantage over cash for a typical diversified portfolio and were vulnerable to capital losses.
Obliging people’s vanity is a good investment strategy argues multi-asset assistant fund manager Will McIntosh-Whyte. But beware of fickle fashion.
Could a rejuvenated commonwealth be the basis for a wider post-Brexit trading bloc? It would need strong, far-sighted leaders to bring it about, argues head of multi-asset investments David Coombs.
The threat of higher inflation and rising interest rates spooked global stock markets in February and pushed up government bond yields. We expect the trend of rising yields to persist and be a dominant investment theme over the coming year, with implications for equities.