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Our Research teams oversee our investment process and the stocks, bonds and funds that we include in our portfolios.

In addition, our Fund Manager team publishes research articles on topics that are of specific interest to investors in our Funds.

It is a virtue of our size that we do not have to have an off-the-shelf view on every investment in the universe. Our process is highly targeted: we are snipers rather than having analytical armies. Instead, we concentrate our efforts on identifying the very best stocks, bonds and funds for our portfolios. Nor do we worry about the composition of stock market indices, believing that size is no guarantee of quality, and we like to think thematically rather than over-analysing shorter-term market noise.

Our focus is on blending quality, value and momentum, to identify attractive investments for our clients.


A weekly financial markets blog written by Jim Wood-Smith, CIO Private Clients & Head of Research.

For whom the bell polls

26 October 2020

How many times do we say ‘if the polls are to be believed…’? We never learn. The trouble is we are scared of the unknown, of the future.

They say we’ll have some fun if it stops raining

19 October 2020

Zoom fatigue. Trump fatigue. Brexit fatigue. COVID fatigue. I really do not know if this is merely me, or whether it is a symptom of the new routines of working from home.

A tad harsh

05 October 2020

Mike Pence will have had better weekends. The prospect of his becoming president, for either the next month or the next four years, was enough to give markets a nasty little scare last Friday.

Thematic Research

A collection of "bite-sized" research articles exploring a variety of investment themes and opportunities.

Every cloud

11 September 2020

According to The World Economic Forum we are on the brink of Industry 4.0, a ’Fourth Industrial Revolution’ that will fundamentally alter the way we live, work, and communicate with one another. Found at the heart of this transformation, cloud technology has a unique position as an enabler for other technologies to flourish.

Game on

07 May 2020

Even before governments put us all under COVID-19 lockdown, video gaming was one of the fastest growing entertainment sectors. Indeed, in January 2019 the Entertainment Retailers Association announced that sales of games in the UK had for the first time overtaken the combined sales of music and film.

Power to the People

20 February 2020

Ever since the 1926 Electricity (Supply) Act, Great Britain has distributed electricity via a single connected grid spanning the nation: a vast network of equipment and cables for virtually all producers and consumers to utilize. Crucially, for the first time, voltage and frequency were standardized for all stakeholders.

Jargon Busting

The investment world loves a flutter of jargon. It makes commentators sound ever so clever. Yet behind this flamboyant lexicon are often some fairly simple, easy-to-grasp concepts.

Underneath the Arches

Underneath the Arches is our quarterly newsletter for private clients of our Portfolio Management Services, in which we attempt to explain what has happened in investment markets in recent months and to lay out our expectations for the future.

Underneath the Arches: Autumn 2020

14 October 2020

Sometimes it is important just to focus on the simple and the nice message. Investment markets have, by and large, behaved well in the past three months. Phew. There is a predictable myriad of complications, nuances and exceptions around this, but the world is adapting quickly to the threats, challenges and opportunities of the COVID-19 pandemic, and markets have been reasonably calm.

Underneath the Arches: Spring 2020

04 August 2020

Where should we begin? The rhetorical question begs a response of ‘at the beginning’; the problem is that we do not know where that is. We have moved with extraordinary speed from reading stories of a new form of pneumonia in a part of China probably few of us had heard of, to the suspension of daily life as we know it.

Underneath the Arches: Winter 2020

30 March 2020

Appearances can be deceptive. The statistics will show that 2019 was a golden year for equity investors. Indeed, the majority of markets around the world have recorded gains that outwardly defy logic.

Funds Research

Our Fund Manager Team publishes research articles on topics that are of specific interest to investors in our Funds.

The Continuing Importance of Gold in Our Funds

12 October 2020

Since our note on gold 3 years ago, the price of the metal in dollars has risen from $1,250 per ounce to over $2,000 and is currently trading around $1,900. As we will explain in this article, we continue to believe the reasons for holding gold remain valid.

Coronavirus Impact on Distribution Fund's Income: Part 2

21 September 2020

In this new article we update you now that we know what the Fund has distributed in the two quarters since our April note, and we provide an updated projected yield to inform you what income to expect from the Fund over the next year.

Five Accelerating Trends and How We're Responding

10 July 2020

In recent months, many of the trends we identified in 2018 have experienced a rapid acceleration as a result of the extraordinary reaction to the emergence of COVID-19 from governments and central banks in particular, with global lockdowns becoming the norm. In this article we will explore five of these accelerating trends and how we are responding to the threats and taking advantage of the opportunities that are being created.

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