After the European Union’s (EU) rejection of the “Chequers Plan” in Salzburg and Prime Minister Theresa May’s insistence that “no deal is better than a bad deal”, by the end of September the UK and EU looked no closer to reaching a Brexit agreement. The latest impasse in talks raises the possibility of a “no deal” Brexit, in which case the UK would immediately begin trading with the EU and the rest of the world under WTO rules post the 29th of March 2019.
Jordan Sriharan, head of fund research at Thomas Miller Investment, analyses what has happened in corporate bond market since the financial crisis and how investors can access the asset class going without being driven by short-term behavioural biases.
TMI's Investment Quarterly for October 2018 is now available to download.
In this second part, Head of Collectives Research and Senior Portfolio Manager, Jordan Sriharan, looks at how active managers are re-shaping their fixed income and equity portfolios in order to navigate choppier waters.
TMI's Investment Commentary for September 2018 is now available to download.
During 2017 investors enjoyed several positive surprises. Economic growth was stronger than consensus forecast at the start of the year, inflation was notably lower than expected in most major economies (with notable exceptions like the UK) and corporate profitability recovered from the weakness seen the previous year. All these meant that investors’ expectation at the start of 2018 was that growth would accelerate further over the course of this year.
Jordan Sriharan, Head of Collectives Research and Senior Portfolio Manager, re-evaluates portfolios for H2 2018.
Abi Oladimeji, Chief Investment Officer, provides his thoughts on the various asset classes and currency markets ahead of a "long summer for Sterling" with ongoing Brexit-related uncertainties.
TMI's Investment Commentary for August 2018 is now available to download.
TMI's Investment Quarterly for July 2018 is now available to download.