Legg Mason to be valued at $50 per share
Heightened volatility here to stay
Difficult to predict impact on global growth
What investors need to add to their checklists for the next 10 years
Counting the potential cost of the outbreak
Two stocks kicked out
The current macroeconomic backdrop is a good opportunity for us to be reminded of the difference between 'signal' and 'noise'.
A return to safe-haven stocks
'Train is not going off the tracks'
Return of big banks and the end of austerity?
'Alarming' performance differential
Ten-year distribution partnership
Which will evolve and which will wither?
We continue to expect volatility in financial markets to rise substantially at some point.
Ahead of 'phase one' agreement
Three new sectors from 1 January
Focus on medical cannabis
Looking beyond trade wars and Brexit
An adage of equity investing during a US presidential election cycle is 'avoid healthcare'.
Anticipated downturns should not weigh on long-term decisions
Prudence required to navigate choppy waters
Global equity markets' abrupt sell-off, a fortnight ago now, emphasised equity markets' fragility in the latter stages of a mature economic cycle.
Now a well-chronicled global incident, on 9 March 2009 the S&P 500 index suffered the worst decline in value since the Great Depression.
Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.