Equity markets continued their rollercoaster journey for investors in the second quarter of 2016 with the shock UK referendum result punctuating the quarter end. In the first half of 2016, the MSCI World Index had been particularly volatile, falling 5.0% in the first quarter, before rebounding by 3.6% in the second. It is now only off -1.6% year-to-date, in euro terms. This masks a dramatic 15.3% fall between January and February, which was subsequently offset by a deep value rally of 17.3% from February to the end of May.
The rapid adoption of new technologies has resulted in profound systemic change. This, “The Fourth Industrial Revolution” is impacting industries and business models in various ways. In this latest insight Jonty Starbuck, Fund Manager, for the Global Brands Fund, looks at how global companies are adapting to this current period of transformation.
The minister for finance has extended ARF options to all Buy-Out Bond holders, opening the door for better retirement planning. In this article Pat Ryan, Head of Retirement Solutions, examines the implications for advisers of the extension of the Approved Retirement Fund (ARF) options to all buy-out bond holders.
The outperformance of small and mid-cap (SMID) stocks relative to their large-cap peers is a much debated anomaly but the evidence is clear over the long term. SMID stocks have outperformed large caps by an impressive by 114% since 2000.
Since he promised to do “whatever it takes” to save the Eurozone in 2012, nobody could accuse ECB President Mario Draghi of lacking endeavour. The same could also be said of the other main central banks who have pushed the boundaries of unconventional policy further than most had ever expected. But, have they gone too far with their latest innovation – a Negative Interest Rate Policy (NIRP)?
The first quarter of 2016 was a volatile start to the year, with January being one of the worst starts to a year on record. While we view the low trajectory of global growth as a continued concern for markets going forward, we can draw some comfort from the fact that many of the risks which flared up in the first quarter are relatively discreet.
The new Companies Act introduced in 2015 makes it easier and less cumbersome for business owners to run their business through a limited or unlimited company structure. One of the major and sometimes overlooked benefits of running your business via a company is the ability to convert significant pre-tax trading profits into personally owned retirement assets through company contributions rather than personal pension contributions.
This election year in the US is proving to be particularly interesting with the increased likelihood of Hillary Clinton and Donald Trump battling it out on 8th November. In this article we discuss our view of what impact the 45th President of the United States will have on the global economy.
The medium-term outlook for global equities remains positive. This view is driven by the persuasive macro background, as discussed in this article.
The recently published Finance Bill contains a number of interesting developments, in particular in the area of postretirement planning.