June is currently the cruellest month for private client investors 08:01 GMT Forget about the “sell in May” mantra. June is a far worse month for private client investors, at least according to the private client indices (PCI) produced by Guernsey-based Asset Risk Consultants (ARC). Indeed it is easily the worst month of the year over the period from 2011 to 2015, both in terms of the number of times the indices have fallen as well as the size of the falls.
Forget Greece - inflation is the long term concern, says Cazenove CIO 02/07/2015 While markets are focused on the fall-out – or otherwise – from Greece exiting the Eurozone, Richard Jeffrey believes that a greater long-term risk may be inflation. Cazenove’s chief investment officer suggests that inflation remains the one risk poorly factored into market prices, and yet with the Eurozone in recovery, some pick up in inflation is likely.
Grexit and US interest rate hikes: What a yawn! 23/06/2015 Rumours that a deal is imminent between Greece and its creditors gave global stock markets a significant and welcome boost on 21 June and helped to recoup some of the losses sustained over the past month.
Coutts sticks to 'value and contrarian' approach, says CIO 23/06/2015 Coutts’ natural ‘value and contrarian’ investment approach has seen it delve into Russian bonds and equities in recent months, alongside long-dated peripheral European bonds. Chief investment officer Alan Higgins says this is partly a reflection of the group’s ongoing discomfort with conventional fixed income. He says that while US rates may not rise until later this year and UK rates until 2016, gilts and treasuries may come under pressure ahead of time.
Pictet scales back high yield in favour of technology 15/06/2015 Pictet Asset Management has scaled back its high yield exposure in favour technology. The firm now has a neutral position on high yield, but believes the the valuation gap is unwarranted in the tech sector.