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.

Syd and Eddie

18 February 2019

Monday, Monday. It is half term week and we are set for a blast of tropical warmth. It is time to prune the roses, sharpen the lawnmower and give the spark plug a squirt of WD-40. Parliament wishes to regulate Facebook and something might be done about a rail ticketing system designed to make fares as complex as possible. It is a nice start to the week.

Relative perspectives

11 February 2019

It is that week of the year in which I am a year older. It is of course a truism that the speed of progress between cradle and grave accelerates the closer one is to the latter.

Les heureux

04 February 2019

Clever people have argued about human nature since we first slithered out of the primordial soup. Did we wish to exist in harmony with our fellow amoebas, or were our instincts of murderous survival? As they say, there are arguments on both sides.

Thematic Research

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

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)

Rare

23 March 2018

In The Adventures of Tom Sawyer, Mark Twain tells us that in order to make a boy covet a thing it is only necessary to make the thing difficult to attain. De Beers successfully harnessed this concept by convincing the world that diamonds were exceedingly rare.

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.

September 2018: Daniel’s Tour of China

30 October 2018

Daniel Lockyer made an action-packed trip to China, which included 24 meetings and presentations over 5 days with the senior management of private and public companies and state-owned enterprises.

The Roman god Janus' lessons for investors

28 September 2018

The mythical Roman god Janus was depicted with two faces, back-to-back, pointing in opposing directions; an apposite picture for the god of beginnings, transition and endings. Janus had qualities which should have made him a good investor.

Clarifying the effect of synthetic OCFs on our Funds

25 June 2018

Investors may be aware of the new Packaged Retail and Insurance-based Investment Products (PRIIPs) legislation, which came into effect at the beginning of the year, requiring all listed Investment Companies (ICs), including investment trusts and closed-ended funds, to produce a Key Information Document (KID).

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