JOHCM's Beagles: Post-referendum economic and company data proves it is not as gloomy as many believe
More than a month on from the EU referendum and the sky has not fallen in. Helped by the Conservative party's usual brutal efficiency that ensured the political vacuum was quickly filled, financial markets have stabilised.
The US market continues to climb higher on encouraging economic data, recovering oil prices and the Federal Reserve's cautious approach to raising interest rates, writes Franklin Templeton's Grant Bowers.
Prime Minister Shinzo Abe won a decisive victory in the Upper House polls last month. His ruling coalition now holds a 'super majority' control of both houses of parliament (ie, holds de-facto more than two-thirds of all parliamentary seats), writes Jesper...
Simon Currie, private investment funds partner at global law firm Morgan Lewis, examines how 'third country regimes' work and the implications for asset managers if an independent UK was allowed access to the EU single market.
Unlike many other market participants, we do not see a general value rally in the near term. To us, there still remains a lot of value traps, writes Jeremy Lang, manager of the Ardevora UK Income fund.
Defensives underperformed in H1
Sterling at lowest since 1980s
Central bank monetary policy has suppressed interest rates since the global financial crisis, leading to the greatest search for income in investment history, writes Philip Harris, manager of the EdenTree Investment Management UK Equity Growth fund.
While the US equity market generally depends on domestic US economic circumstances and usually leads global equity markets, we have just witnessed how Brexit unnerved most capital markets, despite the fact the UK economy contributes less than 4% to global...
The closure of many open-ended property funds for only the second time in their history (we think) is a classic case of irrational investor decision-making, writes Guy Stephens, managing director of Rowan Dartington Signature.
The UK has voted: Brexit it is. Even though the uncertainty around the vote result is behind us, a new road full of unknowns opens up, writes Florence Barjou, deputy head of active investment strategies and head of multi-asset investments at Lyxor Asset...
European equities offer access to global companies
Overuse of antibiotics around the globe has created a worrying increase in resistance to many commonly used drugs, writes Carl Harald Janson, lead manager on the International Biotechnology trust.
Three countries gaining momentum
Index 'substantially' below all-time peak
The implications of the surprise leave result in the EU referendum continues to reverberate around the markets. The leave campaign's assertion that there will be no economic disruption from a Brexit is being tested.
Falling commodities weaken sentiment
Showing signs of strength
The UK healthcare sector is a major beneficiary of EU R&D funding, free-movement of scientists, and a regulatory framework that expedites product approvals across the continent, writes Quilter Cheviot's Amish Patel.
Inflation-linked bonds have been out of favour for the past three years as global developed market headline inflation rates and inflation expectations have fallen in the face of tepid economic demand and weak oil and commodity prices.
US oil producers' prospects appear to have been dented by the collapse in the oil price that began two years ago. Unlike many countries in the oil producing world, the US has not had a National Oil Company (NOC) to ensure production can be financed and...
Brexit has reversed the traditional perception of risk. Asian equities used to be considered a risky asset class compared with UK and EU equities. With heightened political and economic uncertainty in Europe, Asian equities now look like a safer option.
The threats to global equities: Contagion from China, slower growth, depreciating currency and increasing debt
After a long period of upward trending equity markets, the last ten months have been a harsh reminder for active equity managers of what uncertainty can do to stock prices. We have witnessed large swings in terms of general sentiment as well as factors...
In the run-up to the UK's Brexit referendum vote, it was clear the outcome could go either way, thereby affecting the prospects of individual companies differently within the German equity market. The UK-German trade corridor is well established and very...