Research

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.

Innovation

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

The middle class revolution

23 April 2019

Whether or not one believes in climate change, the reaction to it is going to play a greater and greater role in our daily lives, personally and corporatively. And it must therefore also permeate everyone’s investment thinking.

Good-bye feet

01 April 2019

On the assumption that you received Innovation after mid-day, you may safely conclude that there are no April Fools in your next three minutes’ reading. Reality is quite surreal enough.

The herd instinct

04 March 2019

We need to start the week with an apology. This is the only Innovation of March. Your current respondent is, with quite unfortunate timing, disappearing to the other side of the world while everyone else deals with you-know-what, Hammond’s Spring Statement, the US-China trade deal and England’s win in the Six Nations.

Thematic Research

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

Riders on the Storm

08 April 2019

Earth’s climate is changing. This is creating more erratic and extreme weather, a tangible financial risk for businesses and individuals: 2018 was the fourth most expensive year for insured catastrophe losses, and 2017/18 was the worst ever two-year period. At the battlefront of climate risk is the catastrophe insurance sector.

Cleaning Up

10 January 2019

2018 was a seminal year for recycling. The national conscience has finally awoken to the demanding issues of environmental sustainability, the impact plastic waste has on the world’s marine life (with at least some credit due to Blue Planet II ) and a belated realization that our waste is not someone else’s problem.

Tobacco

03 July 2018

It is a near trillion-dollar industry that counts 20% of adults globally as its customers. It also currently pays £6 billion of the UK market’s dividends (FactSet)

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: Winter 2018

21 January 2019

Few will look back on 2018 with affection. A year that began so brightly ultimately ran away with itself and ended with equity market falls uncomfortably reminiscent of 2008 and 2009. That, we are glad to say, is where the similarities with the Great Financial Crisis begin and end.

Underneath the Arches: Autumn 2018

16 October 2018

The long hot summer has passed into autumn. The long hot bull market is showing unmistakable signs of fatigue. The markets though are not mirrors of the seasons and weariness need not necessarily be followed by financial winter.

Underneath the Arches: Summer 2018

23 July 2018

There has been a steady pattern to our quarterly reports over recent years. Broadly, equity markets will have risen and we then do our level best to explain why there is still plenty that worries us.

Funds Research

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

An Open and Shut Case

11 April 2019

The use of Real Estate Investment Trusts (REITs) in our funds, help us deliver diversified exposure to property sub-sectors that we believe offer the best risk-return profiles in the most efficient manner possible, whilst protecting investors from the cash drag and suspension risks associated with open-ended property funds.

Japan: Once bitten, twice shy?

11 March 2019

The 1980s were a booming time for Japanese assets with the stock market increasing 600% during that decade and that exuberance extended to the property market. It has gone down in folklore that the value of the Imperial Palace in Tokyo was worth more than the whole of California.

10 features behind the success of the Vanbrugh Fund

27 February 2019

Vanbrugh's managers reflect on 10 features behind the Fund's success in its first decade.

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