The perceived opposing investment styles of value, income and growth is a perplexing concept. To me, it conjures up imagery of investors huddled into the extreme corners of an equilateral triangle.
A lone voice pipes up: … “I’m a ‘quality’ investor. In which corner do I… Read the article
Guest contributor: Jenny Rodgers, Investment Manager, M&G Multi Asset team
The stockmarket in the UK hit a new all-time high in early November, but it would be hard to describe the recent UK financial and business press headlines in recent months as unambiguously good news. What’s going on?
Mixed signals… Read the article
In this month’s update Siobhan Pandya, Head of Equity Markets Content reviews recent trends in UK small… Read the article
Earlier this year, data from the UK’s Continuous Mortality Investigation Mortality Projections Committee showed that life expectancy improvements have slowed dramatically. Initially thought to be a blip in the data, there is increasing evidence, both in the UK and in other developed countries, that this is a structural change in… Read the article
Last October, my colleague Tom Dobell wrote about the absurdity of how companies are forced to treat their long-term pension liabilities.
After another couple of reporting periods characterised by falling discount rates, I wanted to lay out in a slightly more mathematical fashion why I think Tom… Read the article
Are political surprises and uncertainty now the new normal? It could appear that way after yesterday’s general election resulted in a hung parliament after the ‘dead cert’ Conservative majority predicted just seven weeks ago. The Conservatives have emerged as the largest party and are seeking to form a minority government… Read the article
As the General Election approaches, politicians on all sides will no doubt claim to be the best custodians of the UK economy. Brexit might be front of mind for many voters, but economic competence has always been a key vote winner – and loser. So for investors, what can history… Read the article
Politics is important, but no-one knows what the outcome of the Brexit negotiations will be. In this month’s update Ritu Vohora, Investment Director, looks at what the facts are currently telling us about the UK economy and… Read the article
When I blogged on this topic in February last year, I sounded a note of caution that 2016 was unlikely to be plain sailing for income investors. In the event, despite an uncertain start, income-seeking investors experienced another good year. Companies paid out £84.8 billion in ordinary dividends,… Read the article
Most investors are aware that the post-referendum UK equity market rally has not treated all stocks or sectors equally. Since 23 June, for example, the mining sector is up (+38.6%) to date, while retail stocks are down (-8.4%).
In the small-cap space, much of the recent focus post-Brexit has been… Read the article
In the run-up to the EU referendum many financial commentators forecast a stockmarket meltdown in the event of a leave vote, yet within days of Brexit becoming reality, stockmarkets were confounding these pundits by touching new highs.
With the FTSE 100 not following the ‘Armageddon’ script (due to defensives dominating… Read the article
Well, we were not expecting that! I refer not to the vote to leave the European Union, but to the aftermath of that decision and the fact that the FTSE 100 finished the subsequent week up nearly 4%. Neither outcome was in the script. But on reflection, perhaps the second… Read the article
Whilst there are few direct implications for UK pharmaceuticals and healthcare companies of the UK leaving the European Union, there are some indirect benefits that have triggered sector outperformance in the past week relative to the broader UK market, and even to other defensive sectors which have outperformed, like consumer… Read the article
Since the Brexit vote, the UK homebuilder index has fallen by 30% reflecting concerns that the UK economy – and the UK housing market – are headed towards negative growth.
The market is right to be worried. It’s pretty tough to argue that if the UK heads into recession the housing… Read the article
Today is the Queen’s 90th birthday and I thought a good reason to have a look back at how UK equities have fared over almost a century. When the Queen was born in 1926, the UK economy was still struggling to recover from the First World War, there was high… Read the article
Consumers are a demanding bunch. They want more choice, convenience and above all, a great customer experience. Yet they don’t want to pay more for the privilege! Satisfying the modern customer poses considerable challenges to today’s retailers. Can anyone but the consumer prosper in this environment?
Strong house price growth,… Read the article
2015 was another bumper year for income-oriented investors with companies paying out over £80 billion in ordinary dividends and an additional £5.6 billion in special dividends. 2016 looks unlikely to be plain sailing with income investors facing some difficult decisions and therefore needing to consider less traditional sources of dividends.… Read the article
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Welcome to the M&G Multi Asset Team’s Allocation blog, previously known as the Episode blog. We have changed the name of our blog to resonate better with our readers in Europe, however, the content and purpose of the blog has not changed. The Allocation blog continues to aim to provide unique market perspectives from our dedicated team of experienced asset allocators.OK