Shows
FundCalibre - Investing on the go281. Navigating changing demographics through impact investingThe world's population is projected to become more urbanised, with 68% living in cities by 2050, according to our guests Kate Hewitt and Harriet Topham, ESG and Impact specialists at Montanaro Asset Management. We dive into this theme of the built environment, changing demographics and urbanisation's impact on investments. Harriet illustrates the point with examples from the Montanaro Better World fund such as Marshalls, Bentley Systems, and Sdiptech. The discussion ends with the importance of achieving net zero targets by 2050 and Montanaro's role in the sustainability journey of smaller companies.What’s covered in this episode: Wha...
2023-10-0220 minFundCalibre - Investing on the go280. Seven fund managers, just ten minutes, what would you ask them?In this special bonus episode to mark ‘International Podcast Day’, the focus is on a unique FundCalibre event - fund manager speed dating. Seven journalists had the opportunity to interview seven fund managers in a fast-paced setting, delving into their views and investment philosophies. The team at FundCalibre also took the opportunity to find out more about the managers and this episode features highlights offering insights into how they found their way into the industry all the way through to their words of wisdom for the next generation of investors. This episode provides a glimpse into the personal and prof...
2023-09-3023 minFundCalibre - Investing on the go279. Why “sin stocks” aren’t inherently badWe touch on the UK stock market’s up and downs with Alessandro Dicorrado, co-manager of the Ninety One UK Special Situations fund, who questions whether recent performance has been driven by sentiment or the overall challenges faced by UK companies today. Alessandro emphasises the team's focus on contrarian investing as we look closer at the fund’s composition. This interview also covers “sin stocks” such as tobacco and oil companies, with Alessandro arguing that these industries are in transition towards sustainability and decarbonisation, rather than being inherently unethical. Alessandro gives an overview as to how the team appr...
2023-09-2919 minFundCalibre - Investing on the go278. Competitive advantage and the power of a strong brandDavid Dudding, manager of the CT Global Focus fund, and newly appointed co-manager Alex Lee, share the fund’s investment philosophy of focusing on company-specific factors, competitive advantages, and long-term growth potential. We also consider global economic trends and thematic investment opportunities such as decarbonisation and energy efficiency. David and Alex also discuss the fund’s holdings in Apple, Pepsi, CRH, and current opportunities in both Japan and emerging markets. What’s covered in this episode: Current sentiment in the global economy, region by regionConcerns about government stimulus in ChinaTrends in machinery and industrialsWhy semicond...
2023-09-2824 minFundCalibre - Investing on the go277. Investing through the recession that hasn’t come… yetWe start our interview with Tom Lemaigre, co-manager of Janus Henderson European Selected Opportunities, by getting an update on the fund’s future given the retirement of veteran manager, John Bennett. Tom emphasises that the investment process and core tenets will remain unchanged despite the change of leadership. Tom also covers the current economic environment in Europe, including the challenges for companies and why their long-term investment approach allows them to take advantage of short-term market reactions. The interview delves into the fund’s portfolio, which is aligned with long-term thematic trends such as deglobalisation, onshoring, electrification, energ...
2023-09-2122 minFundCalibre - Investing on the go276. Japan’s resilience and debunking deglobalisationDelve into Japan's economic landscape and its place in the world with Sam Perry, manager of the Pictet Japanese Equity Selection fund. Sam gives a critical examination of the perception of deglobalisation and its impact on Asia and Japan, before shifting to Japan's unique economic environment and newfound – and welcome - inflation. We also consider how Japan's recent economic stimulus and policies have shifted the narrative, with increased investment opportunities and economic growth, the “inefficiency” and misconceptions of the Japanese equity market and the long-term prospects for the car industry in Japan. What’s covered in this epis...
2023-09-1427 minFundCalibre - Investing on the go275. Why the UK market is at an attractive entry pointThe VT Downing Unique Opportunities fund recently celebrated its third anniversary. With its life so far having been dominated by tumultuous global events such as the pandemic, the invasion of Ukraine, and rising inflation, manager Rosemary Banyard joins us to discuss how she navigated these challenges and managed to outperform in spite of them.The fund has a focus on small and mid-cap companies, which have faced headwinds in recent years. Rosemary explains this in more detail and shares her experience with M&A activities. We conclude the interview by discussing current market sentiment towards the UK...
2023-09-0723 minFundCalibre - Investing on the go274. Investing for tomorrow: sustainability, healthcare, and emerging trendsThe Rathbone Greenbank Global Sustainability fund marked its 5th anniversary in July. Manager David Harrison joins us to discuss how sustainable investing has changed over the past five years and predicts what is yet to come in the sector. We consider both the circular economy and artificial intelligence as emerging trends, but also delve into healthcare - a current opportunity within the fund. We also discuss the surprising resilience of the US and UK economies amidst market volatility and David also emphasises the importance of keeping a balanced approach in the fund. What’s covered in thi...
2023-09-0121 minFundCalibre - Investing on the go273. The strong growth potential for UK equitiesUzo Ekwue, co-manager of the Schroder British Opportunities Trust, gives an update on performance, the investment strategy and the current 30% discount to the market. Uzo emphasises the trust’s focus on both private and public assets, particularly in the mid and small-cap space, and tells us why they see a mispricing of private assets due to market sentiment. We touch on examples within the portfolio, illustrating the range of size, mergers and acquisitions in the UK and ultimately the exciting opportunity for investors to be a part of the strong growth potential of the trust’s underlying assets.
2023-08-3121 minFundCalibre - Investing on the go272. The economic tightrope: recession risks and interest rate dangersManaged by Mike Riddell, the positioning of Allianz Strategic Bond fund is driven by the team’s view on the prevailing economic environment. In this interview, Mike outlines why he believes understanding the global economic direction and identifying mismatches between market pricing and actual risk, is so important for bond investors. He explains that while markets are currently pricing in minimal risk of recession, his fund remains flexible, employing tactics such as investing in government and corporate bonds, taking inflation views, and even investing in currencies. He also discusses potential risks, such as geopolitical events and China's eco...
2023-08-2419 minFundCalibre - Investing on the go271. Why saving money is a greater driver than cutting back on CO2 emissionsFrancesco Conte and Sara Bellenda, co-managers of the new Elite Radar JPM Climate Change Solutions fund, explain to us how an internally developed AI tool helps them to scan thousands of companies to find the most likely contributors in creating a more sustainable world.The managers discuss the importance of identifying technology and innovation early, highlighting both hydrogen and carbon capture technology as two examples. While heat waves and rising ocean temperatures both serve as alarming indicators of climate change, the interview also discusses the importance of adaptation and proactive solutions. Ultimately, the fund's approach to investing...
2023-08-1724 minFundCalibre - Investing on the go270. Why high yield bonds are not the dangerous game they once wereDavid Ennett, co-manager of the Artemis Global High Yield Bond fund explains why the sector has now matured giving investors greater scope to invest in higher quality bonds in this portion of the market. He emphasises the importance of actively choosing which segments of the market to invest in and explains why high yield bonds are appealing in an inflationary environment.The interview also delves into the fund's investment approach, including its preference for BB and B-rated securities, as well as its focus on developed markets like the UK and the US. David also shares the rationale...
2023-08-1024 minFundCalibre - Investing on the go269. Why inflation is a welcome return to JapanPraveen Kumar, manager of the Baillie Gifford Shin Nippon investment trust, tells us about the welcome return and impact of ‘mild inflation’ to a country that has had more than two decades of deflation. He details the subsequent shift in mindset for domestic investors and how this is boosting the domestic equity markets. Praveen then gives us his views on the growth prospects for Japan - boosted by advances in the application of AI - and the impact of this on the fund’s own holdings.What’s covered in this episode:The impact of infla...
2023-08-0322 minFundCalibre - Investing on the go268. Why gold is the original cryptocurrencyAlec Cutler, manager of the newly award Elite Rated Orbis Global Balanced fund, joins us today to provide a brief introduction to the fund's philosophy, the unique charging structure of the fund and its approach to targeting long-term returns, before turning to macro events. Self-proclaimed contrarian investor, Alec, highlights the importance of patience and being comfortable with being alone and potentially being wrong - or early - in investment decisions. We shift to the ever-present topic of inflation, with Alec expressing skepticism about the Federal Reserve's ability to control it and highlighting several current — and historical — inflationary press...
2023-07-2736 minFundCalibre - Investing on the go267. The long (and short) of investing in EuropeStephanie Bothwell, co-manager of the BlackRock European Absolute Alpha fund, joins us today to discuss the current economic and market conditions in Europe. While macro narratives such as inflation and interest rates have influenced the market, there is now more dispersion between stocks and within sectors, creating a supportive environment for bottom-up stock selection. Stephanie highlights two long positions in the fund: Novo Nordisk, driven by innovation in diabetes and obesity therapies, and Royal Unibrew, a Danish drinks company which announced a deal just this week, providing a platform for organic growth.What’s covered in th...
2023-07-2012 min
FundCalibre - Investing on the go266. Should investors consider cash in today’s environment?Darius McDermott and Juliet Schooling Latter offer their opinions on the artificial intelligence craze - whether it’s here to stay and how companies can embrace AI going forward. On the subject of inflation, they acknowledge its persistence and the challenges it presents, and consider whether cash could be an attractive asset class today. Darius and Juliet also give their views on how investors should react to a change of management on a fund and why investors shouldn’t try to “time the market” but rather consider “buying the dips” for long term investments. What’s covered in this...
2023-07-1319 minFundCalibre - Investing on the go265. An introduction to REITs: challenges and opportunitiesThe advantage of investing in a pooled fund of Real Estate Investment Trusts (REITs) is that investors don't need extensive knowledge about the underlying assets. Active managers such as Rogier Quirijns, co-manager of the Cohen & Steers European Real Estate Securities fund, handle the selection of properties and the broadening sectors within real estate, such as office spaces, retail, data centres, and self-storage, on your behalf. Rogier discusses the negative impact of inflation overshooting and the subsequent increase in interest rates, which primarily affected the listed real estate market. However, he also mentions that inflation can be a b...
2023-07-0617 minFundCalibre - Investing on the go264. Is it time to be optimistic about the UK economy?City of London Investment Trust manager Job Curtis discusses the current state of the UK economy and provides a more optimistic perspective. While he believes inflation will eventually decline, it may take time to return to previous levels. Job discusses the global exposure of his holdings and the negative perception of the UK market on the global stage. He also reveals what he says is the “hidden secret of stock markets”. The interview finishes with Job highlighting the reliability of the trust to grow its dividends and how companies in the portfolio have managed rising inflation and interest rates.
2023-06-3018 minFundCalibre - Investing on the go263. Why investment meetings are an art, not a scienceAnjli Shah, manager of the abrdn SICAV I Global Mid-Cap Equity fund, demonstrates the effectiveness of the fund’s ability to run small-cap winners and buy future large-caps early. Anjli acknowledges the challenges faced in 2022, due to a combination of style rotation in global markets and mid-cap growth being affected by higher inflation and interest rate expectations. This episode also focuses on three holdings: Cadence, a US company specialising in computational software for semiconductor design, Moncler, an Italian luxury brand known for its outerwear, and small-cap graduate, Insulet, a US manufacturer of tubeless insulin pumps. Anjli explains th...
2023-06-2916 minFundCalibre - Investing on the go262. How to profit from innovative companiesIan Mortimer, co-manager of the Guinness Global Innovators fund, shares how the fund identifies and profits from innovative and disruptive companies, emphasising the importance of sustainable growth and the need to avoid getting caught up in the hype. We also cover the benefits and risks associated with Artificial Intelligence, the Metaverse, and the payments and FinTech sector. Ian provides examples of companies within these various themes and discusses the long-term outlook for investing in innovative companies, highlighting the challenges faced in the past 18 months. What’s covered in this episode: How investors can make mone...
2023-06-2217 minFundCalibre - Investing on the go261. Navigating opportunities and risks in an inflationary environmentJames Mee, co-head of multi-asset strategies and manager of the Waverton Multi-Asset Income fund, provides a comprehensive overview of the wide range of opportunities available to multi-asset investors. James delves into Waverton's unique approach to risk management, emphasising that it goes beyond just volatility and encompasses factors like inflation and potential permanent capital loss. He explores the effective strategies employed during uncertain periods, including the use of hedging within the fund to mitigate these risks.The latter part of the episode focuses on the critical topic of inflation and its long-term implications. James analyses various factors such...
2023-06-1523 minFundCalibre - Investing on the go260. Unlocking the income potential of UK smaller companiesJoining us today is Guido Dacie-Lombardo, co-manager of the LF Montanaro UK Income fund, to delve into the UK market and shed light on the extensive resources at Montanaro's disposal. Given the fund's specific focus on small and medium-sized businesses, Guido shares his insights on UK small caps and highlights the expertise of the Montanaro team in producing their own high-quality research. Our discussion covers various topics, including M&A activity, as well as both special and ordinary dividends within the fund's portfolio. Guido concludes by elaborating on the fund's strong ESG credentials, the company’s commitment to achieving Ne...
2023-06-0817 minFundCalibre - Investing on the go259. We may be past peak inflation, but the path downwards will be a tricky oneA ‘go anywhere, do anything’ fund, new Elite Radar Invesco Tactical Bond fund is the most flexible offering in Invesco’s fixed income range. Manager Stuart Edwards joins us to discuss the magical world of fixed income, explaining why bonds have suddenly become much more exciting for investors. Stuart also explains some often-used terms such as ‘duration’ and the impact it can have on returns. He also reveals the areas where he is finding the best opportunities and tells us how he started his career as a UK economist forecasting data. With such a background, it would have been remiss of...
2023-06-0122 minFundCalibre - Investing on the go258. How to deliver consistent income in difficult marketsDespite challenging market conditions, the newly Elite Rated BNY Mellon Multi-Asset Income fund has managed to provide a consistent income by employing a diversified investment approach across various asset classes. Manager Paul Flood, joins us to discuss a wide range of topics including how the fund incorporates both macro and micro themes such as big government, decarbonisation and globalisation. Paul also explains the attractiveness of the bond market and the “rebirth” of the 60/40 portfolio (which traditionally consists of 60% equities and 40% bonds). Given concerns about potential inflationary pressures, Paul also explains the shift toward inflation-linked alternatives and renewable energy assets. We f...
2023-05-2524 minFundCalibre - Investing on the go257. Generating an income by investing in AsiaSingapore-based manager Jochen Breuer talks us through the key objectives of the Fidelity Asian Dividend fund — and it’s not just about producing an income. Jochen explains the types of companies held in this concentrated portfolio, why they tend to outperform in falling markets and the prospects for dividend growth in Asia. We consider two examples, firstly the technology sector through the lens of Samsung and secondly, the financial sector using Singapore Exchange as an illustrative as to why the manager favours non-bank financial companies. What’s covered in this episode: The three targeted outcomes...
2023-05-1820 minFundCalibre - Investing on the go256. Only a 30% chance of a European recession…Europe has had a number of challenges in recent years when faced with serious threats, whether from Brexit, the pandemic or now the Russia-Ukraine war and its consequences for global energy supplies. Despite these headwinds, Zehrid Osmani, manager of FTF Martin Currie European Unconstrained, remains positive on sentiment in Europe. Zehrid discusses the uncertainty around inflation, but also how the reopening of China has been beneficial to European companies. Zehrid tells us more about a few themes running through the portfolio in robotics, automation, artificial intelligence and the metaverse. We wrap up with the investment case for three holdings...
2023-05-1120 minFundCalibre - Investing on the go255. Why bonds could be a better investment in 2023The Aegon Diversified Monthly Income fund has the flexibility to pursue the most attractive income opportunities that its managers can find around the world. Co-manager Vincent McEntegart tells us more about the current opportunities for income seekers, focusing primarily on the fund’s rotation towards the bond market. Vincent tells us why the fund has been reducing banking exposure, infrastructure and real estate, in favour of investment grade and high yield bonds, and finishes by explaining how they are making money from the Brazilian currency. What’s covered in this episode: How the fund has m...
2023-05-0417 minFundCalibre - Investing on the go254. The ‘Investing on the go’ podcast turns 4The Investing on go podcast was launched four years ago today and, in that time, we’re conducted over 250 interviews, had over 75,000 listens, not to mention a global pandemic, inflation, recession and a banking crisis. Needless to say, the last four years have been a bumpy road with the podcast coming along for the ride. Darius McDermott, Juliet Schooling Latter and Sam Slator mark the occasion by looking back over the last four years and looking ahead at what’s to come from markets. What’s covered in this episode: What’s the outlook for market...
2023-05-0327 minFundCalibre - Investing on the go253. The investments lowering your carbon footprintClimate finance is an area that continues to see growth and, for the first time, in 2022 the world spent more on this area than on the investment in the fossil fuel ecosystem according to today’s guest. Deirdre Cooper, co-manager of the Ninety One Global Environment fund, joins us this week to talk about the growing opportunities in climate finance and how legislation from various countries impacts global efforts. Deirdre explains the unique investment process of the fund and how they go about reporting on the carbon avoided and the supply chain of their companies. Deirdre also goes into de...
2023-04-3024 minFundCalibre - Investing on the go252. Why emotion is the big enemy of investorsWith approximately 41,000 companies listed worldwide, how’s an investor to choose? And once invested, how do you keep your emotions in check? In this interview, Bertrand Cliquet, co-manager of Lazard Global Equity Franchise fund, tells us how this fund’s emphasis on good economic franchises filters that list down to an eclectic mix of just 26 stocks. Bertrand also explains how the process uses a behavioural analysis filter and why the team sticks with a conservative approach to combat inflation and volatility in the markets. What’s covered in this episode: The characteristics that make an ‘eco...
2023-04-2722 minFundCalibre - Investing on the go251. Australia has outperformed China… surprised?With over 30 years’ experience of investing in the Asia region, Jason Pidcock, manager of the Jupiter Asian Income fund, takes us deep into the heart of his fund’s territory. He explains why he’s comfortable with a zero-weighting to China and perhaps surprises some listeners with the news that the Australian stock market has been the best equity market in the world since 1900. Jason gives us the reasons behind Australia’s success, then discusses the opportunities in India – particularly for dividend growth – and goes on to explain why the fund invests only in large caps. He ends with some stock e...
2023-04-2022 minFundCalibre - Investing on the go250. Why the FTSE 250 is great for active investors and long-term growthAbby Glennie, manager of the abrdn UK Mid Cap Equity fund, joins us to celebrate our 250th episode by talking all things FTSE 250 - the UK’s 250 mid-sized companies. Abby and Darius discuss the types of companies listed in the FTSE 250 and their attractive qualities for long term investors. Abby also tells us that more mid-sized companies can be found in the AIM index and gives a number of examples to illustrate the long-term growth potential of mid-cap stocks and the fund’s ability to “run its winners” - including familiar names like Hollywood Bowl and Greggs. What’s...
2023-04-1321 minFundCalibre - Investing on the go249. A rallying cry for UK equitiesAlexandra Jackson, manager of Rathbone UK Opportunities fund, gives her views on the Silicon Valley Bank failure and why rising interest rates are felt more by start-ups than quality companies. According to Alexandra, the UK is trading on a 40% discount to global equities, so now could be a good time to invest. She discusses the wide range of opportunities to be had, ranging from gaming to infrastructure. What’s covered in this episode: What happened with Silicon Valley Bank… and should we be worried?Are higher interest rates going to negativity effect mid and small...
2023-04-0619 min
FundCalibre - Investing on the go248. Turbulent times: a banking bailout, a political football and a rate riseDarius McDermott and Juliet Schooling Latter offer their opinions on market volatility brought on by a potential banking crisis. They discuss the issues around the failures of both Silicon Valley Bank and Credit Suisse and how a lack of investor confidence could potentially see these issues spread further. Closer to home, we discuss the FTSE 100 and recent changes to the Lifetime Allowance for pensions following the Spring Budget. Both Darius and Juliet conclude by offering their views on technology, healthcare, commodities and India and tells us where they’re looking to invest their ISA allowance this year. ...
2023-03-3023 minFundCalibre - Investing on the go247. The trends changing the world...and how to invest in themThe Invesco Global Focus fund has a refreshingly simple approach: understand the structural trends which are changing the world and then invest in the best companies which are benefitting from these trends. John Delano, co-manager on the fund, explains how the managers’ go about identifying these themes, the importance of scale and monetisation and gives examples in cloud computing and medical devices to illustrate his point. Current lead manager on the fund, Randall Dishman, is retiring in June 2023 and John tells listeners what they can expect when he takes over. What’s covered in this episode:
2023-03-2314 minFundCalibre - Investing on the go246. “Everyone has a plan until they get punched in the mouth”Mike Tyson spoke from experience when he said “everyone has a plan until they get punched in the mouth”. 2022 was a punch in the mouth to investors everywhere and resulted in emotional volatility in markets according to Steven Andrew, manager of M&G Episode Income. Steven talks us about investor optimism — and pessimism — across a range of assets, notably UK equities and emerging market bonds. We also consider how human behaviour influences pricing behaviour and market data, ultimately causing continued emotional uncertainty as we head further into 2023. What’s covered in this episode: Why investor opt...
2023-03-1620 minFundCalibre - Investing on the go245. Forget emerging markets – invest in a Barclays Bank bondGeorge Curtis, portfolio manager and member of the Multi-Sector Bond team at TwentyFour Asset Management, presents a broad overview of bond markets as we stand today. He covers all areas from high yield to government bonds and gives insights as to why the TwentyFour Dynamic Bond fund has been reducing exposure to both emerging market bonds and the high yield bond market, as well as the growing significance for ESG considerations within fixed income. What’s covered in this episode: Why 2022 was one of the worst years on record for global bond marketsThree scenarios for...
2023-03-0921 minFundCalibre - Investing on the go244. After years of playing second fiddle to men, women are poised to take centre stage.In just two years, 60% of all the wealth in the UK will be in female hands. So now is not the time to be quiet about money matters! Gillian Hepburn, Head of UK Intermediary Solutions at Schroders has been researching the transfer of wealth for a number of years and joins us to discuss this in more detail. From pensions problems to divorce disasters Gillian outlines some of the issues women may face with their future finances and gives practical solutions as to how to invest an inheritance.What’s covered in this episode: Why...
2023-03-0814 minFundCalibre - Investing on the go243. Biotechnology: the innovation engine of big pharmaLinden Thomson, manager of the AXA Framlington Biotech fund, gives an introduction to biotech, one of the fastest growing subsets of the healthcare industry. Linden explains the difference between pharmaceuticals and biotech, and outlines the themes driving the sector, including drug innovations in the area of HIV/AIDS and cystic fibrosis. She also covers the influence of US politics and geopolitical tensions in China on the sector and how the fund can often bring defensive aspects to an investor’s portfolio. What’s covered in this episode: The difference between biotechnology and pharmaceuticals Four theme...
2023-03-0219 minFundCalibre - Investing on the go242. Wherever risk is mischaracterised, may well lead to an opportunityBarings Europe Select Trust co-manager Will Cuss talks about all things Europe in this week’s podcast. He gives us a brief overview of inflation in the Eurozone and comments on some big moves in the commodities market. Will also discusses how the energy availability risk looks set to decrease with a combination of a new energy source – Middle East gas – coming onstream, alongside growing investment in renewable energy sources. He describes the USPs the team looks for in buying opportunities and tells us how corporate engagement informs and helps to identify companies that can do well in any sort o...
2023-02-2821 minFundCalibre - Investing on the go241. Is the outlook for global emerging markets improving?Rasmus Nemmoe, manager of the FSSA Global Emerging Markets Focus fund, talks to us about the outlook for emerging markets and the factors in play today that have influenced past performance. He explains which companies are bucking the trend and gives examples from the portfolio including South African and India banks and the Mexican Starbucks operator. Rasmus also explains how the fund has evolved since the pandemic and how it has managed to outperform despite market conditions. What’s covered in this episode: Why emerging markets have disappointed in the past decadeWhich companies have in...
2023-02-2315 minFundCalibre - Investing on the go240. Why we're still investing in Tesla and NetflixBaillie Gifford’s Ben James talks to us about US equities and the Baillie Gifford American fund in this week’s podcast. He tells how sticking to the fund’s philosophy and process in challenging markets helped them ‘avoid making knee-jerk reactions to the noise and the sentiment in the market’. He also discusses the US economy and the outlook for its businesses, before going on to tell us the team’s investment case for the likes of Tesla, Netflix, and concludes by telling us about 3 stocks they’re currently finding exciting and why.What's covered in this episod...
2023-02-1623 minFundCalibre - Investing on the go239. Why banks are the most exciting investment in the UK todayAlex Wright, manager of the Fidelity Special Values investment trust, explains to us how the UK’s largest 100 companies can be trading cheaply, even though the index has hit an all-time-high. He discusses the different areas of the UK stock market and tells us why he thinks banks are the most exciting sector for investors today. Alex also discusses the importance of dividends and tells us why he prefers a couple of European companies over their UK peers. What’s covered in this episode:Does the FTSE 100 reaching an all-time high mean it’s too ex...
2023-02-0916 minFundCalibre - Investing on the go238. Will UK smaller companies bounce back in 2023?Paul Marriage, co-manager of the TM Tellworth UK Smaller Companies fund, explains why 2022 was “pants” for the UK smaller companies sector, both in terms of performance and from an M&A perspective. Yet Paul is optimistic for the sector in 2023 and is already seeing bids come through for M&A and beginnings of a healthy IPO market. We finish the interview with two examples from the portfolio, a company that manufactures radiators and one that makes gift wrap. What’s covered in this episode: What made 2022 such a bad year for UK smaller companiesWhat happened...
2023-02-0214 minFundCalibre - Investing on the go237. Hunting for profits in UK Equity IncomeSid Chand Lall, manager of the IFSL Marlborough Multi Cap Income fund, talks to us about finding income opportunities in the UK's smaller – but growing – companies. He describes how he finds profitable companies and explains how dividends can help offset the erosion caused by inflation. Sid also highlights one smaller company and two medium-sized ones in the portfolio: Ricardo Plc, Paragon Banking Group and Drax Group.What’s covered in this episode: Understanding the Investment Association’s “yield test”How the manager finds profitable companies for the portfolioHow dividends can help offset the impact of inflationW...
2023-01-2618 minFundCalibre - Investing on the go236. Why more investors should consider Asia for incomeRichard Sennitt, manager of Schroder Asian Income fund, explains both the structural and cyclical reasons for recent Chinese equity underperformance, including the shift away from the zero-Covid policy. He tells us what impact this has had on the fund’s positioning going into 2023 and explains more about why he’s underweight not only China but also India, instead looking towards South Korea, Taiwan, and Singapore for investment opportunities. What’s covered in this episode: Why Chinese equities have underperformed the last 12 monthsThe policies affecting Chinese marketsHow the swift move away from the zero-Covid policy has chan...
2023-01-2019 minFundCalibre - Investing on the go235. Why investors need to rethink the way they build a portfolioOne day in September 2022 “we were the only active buyer of UK duration in the world” says manager Duncan MacInnes. He, and LF Ruffer Diversified Return co-manager Ian Rees, added to UK gilts three days after the Truss-Kwarteng debacle and some assets more than doubled in a short period of time. In this interview, the pair tell us about this and other investments that helped the fund become one of the few to manage a positive return in 2022. They also explain why they think the next decade will be very different to the last 40 years and will see inflation aver...
2023-01-1916 minFundCalibre - Investing on the go234. How the energy crisis has accelerated our need for new infrastructureRenewable energy has been around for some time, but with an energy crisis in the UK and Europe, David Harrison, manager of Rathbone Greenbank Global Sustainability fund, tells how its adoption is being accelerated due to both concerns about climate change and because of economics. In this interview, David considers four types of sustainable infrastructure (physical, energy, transport and water) giving examples of companies he holds and really bringing this theme to life. What’s covered in this episode: The relationship between the energy crisis and climate changeThe acceleration of long-term investment in electric vehi...
2023-01-1212 min
FundCalibre - Investing on the go233. Where the investment opportunities lie for young and old in 2023Darius McDermott and Juliet Schooling Latter offer their opinions on how we got to where we are today and where we should be looking in 2023. The list of topics they cover is extensive including inflation, bonds, emerging markets (with India as the star of the show) and continuing volatility for the equity markets. They then look at the interesting question of where they would invest £10,000 today, and furthermore, the differing investment approaches needed whether investing for growth or income in 2023. What’s covered in this episode:-Key moments of 2022 and the impact on the...
2023-01-0518 minFundCalibre - Investing on the go232. A brighter future for smaller companies in 2023Simon Moon and Alex Game, managers of the Unicorn UK Smaller Companies fund, review a tough year for their sector but are confident in still being able to find opportunities by buying into under-priced, high-quality assets. Both managers identify smaller companies as being able to react and adapt quicker to changing fiscal environments than their larger comparators, so they believe that smaller companies will be well-positioned in light of recovery, which may be just around the corner, according to the general feeling in recent meetings with company management teams.They tell us more about the interesting results...
2022-12-3118 minFundCalibre - Investing on the go231. How Japan’s car manufacturers got it all wrongMatthew Brett, manager of the Baillie Gifford Japanese fund and Baillie Gifford Japan Trust, talks to us about the Japanese economy reopening and how the weak yen is impacting business. He talks about inflation finally occurring in the country and questions whether the Bank of Japan’s policy will change when the current governor’s term comes to an end. Matthew tells us that he is excited about the opportunities opening up and discusses some recent purchase and the increased gearing on the Trust. He also explains why the portfolios no longer hold car manufacturers and he wraps up by t...
2022-12-2716 minFundCalibre - Investing on the go230. Profits today rather than speculative growth tomorrowSteven Smith, Investment Director for the Elite Rated Capital Group New Perspective fund, talks to us about how the fund’s original investment ethos - determined nearly 50 years ago - has evolved, and continues to evolve in today’s markets. He discusses how globalisation has changed their investment perspective, how growth stocks are being evaluated on slightly tweaked criteria to match the expectations of a recessionary market, and how a greater breadth of equity market leadership is good for active stock pickers. He also tells us about the benefits of having the fund’s investment analysts actively managi...
2022-12-1918 minFundCalibre - Investing on the go229. Now there IS an alternative to equitiesRichard Woolnough, veteran manager of three Elite Rated products, the M&G Corporate Bond, M&G Strategic Corporate Bond and the M&G Optimal Income fund, talks to us about some new acronyms in asset allocation. He tells us how equities can boost a bond fund’s returns, explains the wider impact of quantitative easing and quantitative tightening, and he finishes by commenting on whether he’s more bullish or bearish for 2023.What's covered in this episode:Why it’s been an active year for the value investorWhy TINA has been replaced by TIAAHow intere...
2022-12-1418 minFundCalibre - Investing on the go228. There's always rain in the desert for stock-pickersChris Kinder, manager of the CT UK Extended Alpha fund, talks to us about being a bottom-up stock picker and finding ‘rain in the desert’; he notes that even in the most trying of financial markets, there will always be certain pockets of growth and performance that fund managers should be able to find. He comments in detail about the benefits that London Stock Exchange Group (LSEG), Aveva, SSE, and Diageo all bring to his portfolio, and – although not a thematic investor – he notes three themes in particular wherein he foresees many opportunities. He finishes by commenting on what happens n...
2022-12-0820 minFundCalibre - Investing on the go227. How hydro-electric power could help avoid blackouts in the futureWill Argent, investment adviser to the VT Gravis Clean Energy Income fund, tells us how the clean energy space has evolved in the last 5 years since the fund’s inception, and how the investment opportunities have equally grown. He gives his opinion on the impact of the recent windfall tax in the UK and, mindful of the National Grid’s warnings about challenging times ahead, comments on energy storage solutions, as well as alternative power sources such as nuclear, hydroelectricity, biomass and geothermal. What's covered in this episode:The growth of renewables in the last...
2022-11-3014 minFundCalibre - Investing on the go226. Elon Musk and the potential demise of TwitterJeremy Gleeson, manager of AXA Framlington Global Technology, comments on the performance of tech stocks this year and tells us that, despite some high-profile disappointments, there have been a number of good earnings surprises in the sector. He talks about Facebook’s problems, the possible demise of Twitter, and gives us some insight into current favoured holdings within the portfolio. He finishes by suggesting some interesting gadgets to add to your Christmas list!What's covered in this episode: 3 reasons why tech has had a difficult yearWhy tech has gone from above average gro...
2022-11-2921 minFundCalibre - Investing on the go225. Latin America: what the elections mean for investorsIn this in-depth interview, Eduardo Figuieredo, the manager for the abrdn Latin American Equity fund, talks to us about all things Latin America. He comments on the impact of the recent elections in Brazil, as well as its rejuvenated commitment to environmental issues; the additional positive effect of the ‘check and balance’ that the newly elected, two-tier Congress and Senate will have on the financial markets. Discussing politics in Mexico, the manager also covers resilience and growth in the Mexican consumer space and its manufacturing base, as US companies look to bring supply chains closer to home.Wh...
2022-11-2428 minFundCalibre - Investing on the go224. Why Alnylam, Oxford Nanopore and Ocado offer compelling, long-term opportunitiesBill Chater, investment specialist for the Baillie Gifford Global Discovery fund, gives us an in-depth perspective on the fund’s investment style and why the long-term approach delivers results. He comments on the core fundamentals the team looks for in its stock picks, touches on the current market conditions and the impact on the fund, and why the potential within healthcare is so exciting, with names like Alnylam and Oxford Nanopore. He finishes by offering more details on Ocado’s big deal in the US and on the automation technology that makes it a compelling addition to the...
2022-11-1516 minFundCalibre - Investing on the go223. Growth is like "... sirens pulling you onto the rocks."Kevin Murphy, co-manager of Schroder Income, tells us why stock markets are irrational and growth is like, "sirens pulling you onto the rocks," in this week's interview. Kevin also shares why the managers have been trimming their exposure to oil and gas and the banking sectors in favour of consumer retail names. We wrap up with the million pound question: value or growth?What's covered in this episode:Emotions and extrapolation in financial marketsWhy profits are indeed important How focussing on the numbers can ensure strong, long-term returnsHigh interest rates and capital growth and r...
2022-11-1309 minFundCalibre - Investing on the go222. A deep dive into the US economy and why Netflix is now a bargain buyManeesh Bajaj, manager of the Elite Rated Brown Advisory US Flexible Equity fund, talks about his fund, the outlook for US markets in 2023 and the fund’s approach to investing. He comments on several of the fund’s holdings, including Berkshire Hathaway and why that conglomerate’s culture of corporate responsibility and attitude towards its shareholders makes it an important, long-term holding for the fund. He also reveals why he believes there’s still mileage in the FAANG tech stocks and why Netflix has come good.What's covered in this episode:The state of the US e...
2022-11-1019 minFundCalibre - Investing on the go221. Balance is best, but in an inflationary environment, equities are keyMatthew Page, co-manager of the Guinness Global Equity Income fund, talks to us about how company dividends are holding up this year. He also covers the fund’s investment process, how it differs from others, how the team makes its buying and selling decisions, and the effect recent decisions have had on the geographic weighting of the portfolio. Matthew also comments on the perennial 'bonds v equities' debate, looks at how some consumer staples’ companies are defying economic norms, and wraps up by telling us why British American Tobacco is out, and Coca-Cola is in. What's cove...
2022-11-0313 minFundCalibre - Investing on the go220. Why a focus on capital gains can miss out on opportunities in incomeJason Borbora-Sheen, manager of the Elite Rated Ninety One Global Income Opportunities fund, takes a broad look across global asset classes in this far-reaching episode. He gives us his current and future outlooks for both the bond and equity markets, and how these have shaped the portfolio. He also comments on how the fund uses hedging to benefit the portfolio - in particular when it comes to gaining from emerging market debt – and tells us how consistency and reliability are key factors for stock picks and why investors who tend to focus on capital gains, may miss the opportunity tha...
2022-10-3112 minFundCalibre - Investing on the go219. Currencies, corrections … and inflation!James Mahon, co-manager of the SVS Church House Tenax Absolute Return Strategies fund, tells us about some deflationary forces that are starting to come through and why he thinks inflation could peak in the next few months. He explains what the ‘yield curve’ can tell us about an economy’s health and why bonds that are due to mature in just a few years’ time are more attractive than those that have a long time to maturity. James also discusses the fall in the value of the pound versus the US dollar, tells us which parts of the UK equity m...
2022-10-2717 minFundCalibre - Investing on the go218. There is hope yet for UK equities!Alexandra Jackson, manager of the Rathbone UK Opportunities fund, talks to us about UK equities: how they have performed, the impact of UK political and economic turmoil, why mid-cap stocks are attractive, and why M&A targets are no longer vulnerable companies but trophy assets. She also tells us which stocks she has sold recently, reveals which real estate company has locked-in cheaper energy prices for its tenants, and gives us some hope amidst all the doom and gloom.What’s covered in this episode: How growth stocks have performed in the past six mon...
2022-10-2018 minFundCalibre - Investing on the go217. Making money from an economy in structural declineAlexander Darwall, manager of the European Opportunities Trust, tells us why the European economy is in structural decline, but also why you can still make money there as an investor. He discusses healthcare company Novo Nordisk – in particular, its diabetes drug and new use for weight-loss – tells us about investing too early in Deutsche Boerse, and reveals why his investment in Dark Trace is just a small position today. Alexander also gives his views on central banks: the mistakes they are making and how politicised he thinks they are.What’s covered in this episode: Why y...
2022-10-1217 minFundCalibre - Investing on the go216. Investing in innovations that allow us to meet unmet medical needsIn this interview, Simon Clements, co-manager of the Liontrust Sustainable Future Global Growth and Liontrust Sustainable Future Managed funds, talks to us about the three mega themes and 20 sub-themes in the portfolio. He describes companies the team invests in, including one that makes factory floors more efficient, one that could mean patients can leave hospital sooner and one that makes sure the air we breathe and the food we eat is not contaminated. Simon also discusses the current challenges for the companies he is invested in and what the future looks like for sustainable trends. What’s c...
2022-10-0620 min
FundCalibre - Investing on the go215. Why the UK stock, bond and currency markets hated the mini-budgetDarius McDermott and Juliet Schooling Latter return to discuss the third quarter of 2022. After a week of turmoil in the UK markets, they explain what has been going on. They also discuss the US, high yield bonds, and why financial companies have done well recently. They also touch on the continued outperformance of Latin American equities; the possible issues coming out of Japan; and wrap up with the positive opportunities for investors amidst all the doom and gloom.What’s covered in this episode: What has been happening in the UK market in the pas...
2022-10-0420 minFundCalibre - Investing on the go213. Where you can find the best dividends around the globeJanus Henderson’s Jane Shoemake tells us all about the Janus Henderson Global Dividend Index. She reveals what it looks at, and what it can tell investors about dividend health in various regions and sectors. Jane then discusses how dividends can help investors during periods of high inflation, before going on to talk about the Janus Henderson UK Responsible Income fund. Jane tells us which types of company are excluded from the portfolio, where the team is finding ideas, and how the income on the fund is holding up.What’s covered in this episode: What is th...
2022-09-2913 minFundCalibre - Investing on the go214. Why infrastructure is crucial in the transition to net zeroRebecca Myatt, a portfolio manager on the Elite Rated First Sentier Global Listed Infrastructure fund, and lead manager of the First Sentier Responsible Listed Infrastructure fund, talks to us about how infrastructure is important when it comes to achieving environmental and social goals. She discusses the transition to a net zero global economy, why it is important to engage with companies not simply divest and explains how we can become independent of Russian gas in both the short and long term. She wraps up with an explanation as to what investors should expect from infrastructure in an inflationary environment.
2022-09-2909 minFundCalibre - Investing on the go212. Ditching the bullies and investing in best of class mid-capsCharles Luke, manager of the Murray Income Trust, starts this interview with a reminder about the types of company he likes to invest in. He then reveals details about three new holdings: Oxford Instruments, Safestore, and London Stock Exchange Group. Charles also discusses the pros and cons of mergers and acquisitions, before going into detail about the Trust’s ESG credentials, with the example of a company he sold due to an internal bullying culture. What’s covered in this episode: What companies the Murray Income Trust invests inRecent performance of the fundThe manager’s view o...
2022-09-2214 minFundCalibre - Investing on the go211. Why the structural growth story in Asia is alive and wellMatthews Asia ex Japan Dividend fund manager Yu Zhang talks to us about the benefits of investing in dividend paying companies in Asia versus their more developed peers in the Western world. He also explains why the structural growth story in Asia remains strong and how companies are getting used to living with Covid. He also highlights some of the value that is starting to appear in Chinese equities and why he is also bullish on Vietnam. We also discuss the role of sustainability in the portfolio, including a business making synthetic diamonds.What's covered in...
2022-09-1519 minFundCalibre - Investing on the go210. Using dividends in the fight against inflationBen Peters, co-manager of the TB Evenlode Global Income fund, discusses inflation and says that while very little can be done to help in the short term, in the long-term, equities – and in particular companies that can generate a sustainable dividend – are not a bad place to be. Ben tells us about a recent trip to the US and meetings with the management of Mastercard and Analog Devices. He then reveals whether supply chain issues are improving, before discussing the immediate outlook for markets and the type of companies he hopes will see the fund through a difficult period....
2022-09-0821 minFundCalibre - Investing on the go209. Inflation protection, M&A activity and using disruption to invest in the futureLiontrust UK Micro Cap co-manager Victoria Stevens explains why holding companies which are not capital intensive and have strong pricing power has positioned the fund to manage the challenges of rising inflation. Victoria also talks us through the importance of manager ownership in a company and how it can allow a firm to grow through periods of uncertainty. She also highlights the positives and negatives of M&A activity on the fund and tells us why a 175-year old paper mill in Burneside has become an attractive investment in the defence, high end automotive and clean energy space.
2022-09-0126 minFundCalibre - Investing on the go208. Recession, adding risk and the dangers of overreacting to 24-hour rolling newsDavid Coombs, manager of Rathbone Strategic Growth Portfolio, tells us why he has been adding risk to his fund throughout 2022, despite the threat of recession. He also highlights some of the opportunities his team have been finding in both the bond market and tech stocks this year. He also explains why the current crisis is no different to anything else he has experienced in the past four decades and why investors should not overreact in periods of geopolitical instability. David also outlines his expectations for inflation and why he tries to ignore the noise around the growth/value debate.
2022-08-2520 minFundCalibre - Investing on the go207. Why now is the time to be selective and different in the high yield bond spaceMan GLG fund manager Mike Scott explains why credit spreads are the major driver of returns in the high yield bond market and the importance of not only being selective, but also different, in choosing companies amid a weaker economic backdrop. He also highlights the role of cash flows in this environment and the focus on targeting businesses with recession proofing characteristics over a number of cyclical names. Mike also addresses the role of inflation in the high yield bond space and the performance of the US energy sector.What's covered in this episode:...
2022-08-1810 minFundCalibre - Investing on the go206. Now is not the time to be going off on exciting adventuresJOHCM Global Opportunities manager Ben Leyland explains why markets have been abnormal since the Global Financial Crisis in 2008 and why investors are now facing a financial environment that we’ve not seen for decades. Ben also talks us through how the team run money in transitory periods like these and the benefits of their balanced approach to investing. He also highlights some of the overlooked investment opportunities in the market and the role of cash in the portfolio. We also discuss Ben’s preferred investments in the tech space and why the fund has been adding to names like Adob...
2022-08-1117 minFundCalibre - Investing on the go205. The price of a Big Mac in Tokyo… and why it matters for investorsAndy Brown, investment director for the Baillie Gifford Japanese equity team, talks to us about how Japan is finally opening up after Covid, and how the economy is running at a different speed to the rest of the world. He tells us why China’s reopening is beneficial to Japan, explains what the Big Mac Index is and why it matters, and the discusses opportunities from collaborative robots to gaming companies. He finishes by telling us why the Baillie Gifford Japanese fund has recently sold its holdings in car manufacturers.What's covered in this episode: W...
2022-08-0423 minFundCalibre - Investing on the go204. Why India is the world’s most exciting growth story for the next decadeMike Sell, manager of the Alquity Indian Subcontinent fund, explains why favourable demographics, increasing urbanisation and a thriving private sector have made India one of the most compelling growth stories for investors over the next 10 years. Mike also explains why India’s domestic growth story makes the country an ideal investment diversifier and why he sees great opportunities in the financials sector. He also discusses the impact of Prime Minister Narendra Modi as a catalyst for growth and why investors should not be put off by the market looking expensive relative to its peers. Mike also runs through the ro...
2022-07-2818 minFundCalibre - Investing on the go203. Why the stocks everyone falls in love with can end up being the riskiest of allNick Clay, manager of the TM Redwheel Global Equity Income fund, explains why the days of getting rich quick are over and how compounding dividend income will once again become the biggest building block for wealth generation. He also talks to us about why there’s likely to be more pain ahead for the large technology companies and why a number of cyclical sectors, like luxury goods, look attractive from here. Nick also explains why a number of companies are simply not set-up to handle the threat of inflation and why it is important to go against the consensus vi...
2022-07-2120 minFundCalibre - Investing on the go202. War, inflation and the threat of recession – why history tells us to be contrarian in difficult marketsAlthough Europe is once again under the microscope for all the wrong reasons, Waverton European Capital Growth co-manager Chris Garsten believes the much-maligned market is now a far more compelling investment proposition than it was eight months ago. He also talks to us about the threat of recession and why he feels it is important to go against the consensus when markets are difficult. Chris also talks to us about why the political need for the Euro to succeed will prevent any further break up. He also runs through the cyclical recovery opportunities he is finding in a post...
2022-07-1417 minFundCalibre - Investing on the go201. Why you can sleep more easily with private equity investmentsSchroders investment directors Paul Lamacraft and Pav Sriharan talk us through the benefits of private equity investing and why the asset class is a great fit for an investment trust vehicle. The pair also talk about the types of companies they target for the British Opportunities Trust, discuss the importance of funding UK growth and buyout companies in what is an uncertain time for the UK economy, and reveal why they are excited about the prospects for their investment in Mintec.What's covered in this episode: What are the benefits of private equity investing a...
2022-07-0721 min
FundCalibre - Investing on the go200. The day when investors will once again clap, cheer and whoopJuliet Schooling Latter and Darius McDermott return to discuss the first six months of 2022 in this, our 200th episode. They explain what a bear market is and discuss how long this one could last. They also touch on the more recent performance of early 2022 leaders – commodities and Latin American equities – and why they have lost some of their shine, as well debating whether the Chinese stock market has already reached its lows. They also explain why inflation-linked bonds have performed so badly. What's covered in this episode: What is a bear market?How long could...
2022-07-0519 minFundCalibre - Investing on the go199. How to benefit from irrational investor behaviour Steven Andrew, manager of M&G Episode Income fund, discusses investor behaviour with us. After a turbulent start to the year, are they behaving rationally or irrationally? Steven also talks about whether the US central bank is calling the shots or if inflation is out of its control. Other topics of discussion include the parallels between Japan and the UK, if bonds or equities are the place to be in the second half of the year, and if markets have reached ‘peak fear’.What's covered in this episode: Have investors been acting rationally this year?Ar...
2022-06-3022 minFundCalibre - Investing on the go198. Why even inflation-linked bonds are letting you downDickie Hodges, manager of Nomura Global Dynamic Bond fund, gives listeners an explanation as to why all bonds – including inflation-linked bonds – have had negative returns this year. In a very frank and educational podcast, he explains how the current environment is impacting bonds, gives his view on how high interest rates could go, and whether it’s a matter of when, not if, a recession begins. Dickie ends the podcast with some thoughts on what bond investor could expect in 2023 and 2024 and reveals what has happened to the Russian bonds the fund held earlier this year.What's...
2022-06-2323 minFundCalibre - Investing on the go197. Why interest rates are likely to go higher in the UKJob Curtis, manager of City of London Investment Trust, discusses the UK stock market and why it has outperformed other stock markets around the world this year. He gives his thoughts on the windfall tax for oil companies and how their presence in the North Sea will impact how much of their profits are taxed. Job also discusses inflation and interest rates – their impact on the UK economy and on companies in different sectors. He ends with details of the sectors he likes and dislikes and tips from a 30-year career running money.What's covered in thi...
2022-06-1614 minFundCalibre - Investing on the go196. Consumer demand robust despite rising pricesBen Peters, co-manager of TB Evenlode Global Income, discusses all things inflation: its impact on individuals, companies, sectors, and different geographies. He explains why demand has remained surprisingly robust, despite the continued rise in prices and why some companies are being slow to pass on their costs to their customers. He also discusses his team’s recent trip to the US and pent-up demand for human contact and tells us how the fund has 20% exposure to Asia but only a couple of holdings in Asian companies. What's covered in this episode:How inflation is im...
2022-06-0910 minFundCalibre - Investing on the go195. Why the UK government will find it difficult to resist calls for a windfall taxSimon Brazier, manager of Ninety One UK Alpha, discusses the outlook for the UK economy and the companies he thinks will do best in the current environment. As consumers look to rein in spending, he is repositioning towards companies with cheaper offerings such as Ryanair and JD Weatherspoon, but says he still prefers large caps over small caps. Simon also discusses the potential windfall tax on oil and gas companies, explains how currency risk can be mitigated, and says he thinks supply chain disruption could be here for some time to come. What's covered in this...
2022-05-2611 minFundCalibre - Investing on the go194. What do Birkenstock, eBay, recycling and litigation all have in common?Lucy Isles, co-manager of Baillie Gifford High Yield Bond fund, discusses her investments in the bonds of Birkenstock, the owner of eBay and Gumtree, a French recycler and a litigation business. She explains why bonds have struggled in 2022 and how investors could expect high yield bonds to behave in an inflationary or recessionary environment and reveals why the team has invested in an Indian mobile company.What's covered in this episode: Bond market returns so far this yearWhy fixed income has struggled in 2022Why the manager thinks it has been an inflationary sell-off, not a...
2022-05-1912 minFundCalibre - Investing on the go193. Investing for income in AsiaRichard Sennitt, manager of Schroder Oriental Income Fund, talks about the regulatory issues in China and the impact the current lockdowns are having on both the domestic and global markets. He reveals the sectors and geographies across developed and developing Asia, where he is finding the most investment ideas, and outlines the nuance of rising inflation in the region. Richard gives his views on the outlook for dividends in the region and explains how some companies could defend their pay outs again if times get tough.What’s covered in this podcast: The regulatory is...
2022-05-1216 minFundCalibre - Investing on the go192. Why energy prices could remain highNiall Gallagher, manager of GAM Star Continental European Equity fund, explains why European companies have such a global reach. He discusses the big trends of the growing middle classes in Asia and decarbonisation and explains how European equity investors can benefit. Niall also gives his view on why inflation could be here to stay and why Europe is in danger of locking in high energy prices. What's covered in this episode: Why investing in European equities isn’t just investing in EuropeHow you can get exposure to the growing Asian middle classesThe goods and serv...
2022-05-0521 minFundCalibre - Investing on the go191. Investing in fast-food and defence via UK smaller companiesSimon Moon, manager of Unicorn UK Smaller Companies fund, talks to us about recent performance of the sector vs its larger peers in the FTSE 100. He also talks about the opportunities today and reveals the companies he has recently invested in. Simon goes into detail about meetings with company management teams and discusses his holdings in fast food restaurants and firms benefiting from increased expenditure on defence.What's covered in this episode: How UK smaller companies have performed in recent monthsThe holdings that have been added to the fund, including Porvair and CohortHow m...
2022-04-2814 minFundCalibre - Investing on the go190. Value tilts, inflation proofing and the private equity opportunityTB Wise Multi-Asset Growth fund manager Vincent Ropers talks us through the recent tilt towards value strategies in his portfolio amid hopes of a continued cyclical recovery. He also runs through his exposure to mining & natural resources, as well as infrastructure, and how these asset classes can help offer inflation-linked returns in these uncertain times. Vincent also discusses the attractive discounts available when accessing private equity companies in the investment trust market; and the importance of having a flexible mandate.What's covered in this episode: The importance of flexibility to the fundThe use of i...
2022-04-2121 minFundCalibre - Investing on the goTrailer: Introducing the Investing on the go podcastInvesting on the go gives you direct access to the people who manage your ISA and pensions savings. Our hosts will be interviewing finance professionals on everything from their successes and failures to current ideas and insights. Our ultimate goal is to bring to life the world of investments and uncover new and exciting opportunities, all while inspiring you to invest and giving you the confidence and knowledge to make the right decisions. For more investment research visit us at www.fundcalibre.com and follow us on twitter and facebook @FundCalibreLearn more o...
2022-02-0801 min
FundCalibre - Investing on the go113. Reflecting on 2020 and the madness of marketsA lot happened in 2020 and, to make sense of all that happened, FundCalibre’s Staci West breaks down the biggest topics of the year and most memorable moments. From the global pandemic to negative oil prices, the US election and UK dividends, she talks about the impact each had on our investments.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Rating...
2021-01-0709 min
FundCalibre - Investing on the go112. Where would you rather invest in 2021?In an investment version of the game “Would you rather…”, Darius McDermott, managing director of FundCalibre and Chelsea Financial Services, gives his outlook for 2021. Discussing equities, bonds, commodities and technology, he gives his view on what areas of the market could do well next year and what areas may continue to struggle.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings ar...
2020-12-3117 min
FundCalibre - Investing on the go34. Gold, elections and not betraying confidences...In the final podcast recorded at FundCalibre’s annual investment trust dinner, Peter Ewins, manager of BMO Global Smaller Companies investment trust gives us his thoughts on the US and UK elections, explains why Japanese funds dominate the portfolio’s top ten holdings, talks about the trusts’ exposure to gold mining equities and infrastructure projects around the world, and tells us what was discussed at the last board meeting.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The...
2019-11-2812 min
FundCalibre - Investing on the go33. Emerging markets, weather forecasts and getting defensiveIn the second of three podcasts recorded at FundCalibre’s annual investment trust dinner, Bruce Stout, manager of Murray International investment trust tells us why he prefers the shares and bonds of emerging market companies and governments today, explains why he thinks financial forecasters are just there to make weather forecasters look good and discusses the times he’s put more money into bonds to help protect the portfolio from falling equity markets.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommen...
2019-11-2107 min
FundCalibre - Investing on the go32. 53 years of dividend increasesIn the first of three podcasts recorded at FundCalibre’s annual investment trust dinner, Job Curtis, manager of City of London investment trust discusses the upcoming Christmas election, Brexit and the long-term outlook for the UK stock market. He also tells us how he’s been able to maintain his impressive dividend track record and looks back to 2003, when he increased gearing on the trust to take advantage of the bottom of the bear market.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a re...
2019-11-1411 min
FundCalibre - Investing on the go3. Why a bond manager doesn't have to like bondsEver wonder if low risk investors wished for more excitement in emerging markets? Or Brexit making you nervous and opting for low risk options amongst a volatile political climate? Paul Smith, manager of Premier Defensive Growth fund, takes us through the strategies that make up his fund and tells us why a bond manager doesn't have to like bonds...all these answers and more in this weeks 'investing on the go' from FundCalibre.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a reco...
2019-05-0807 min
FundCalibre - Investing on the go1. From Dragons' Den to Tinder we talk investing with James ThomsonYour host Sam Slator is joined by James Thomson, manager of Rathbone Global Opportunities fund to find out about the Dragons' Den of the investment world. Also what makes a good investment process and what he looks for in a business, the effects of politics and current holdings Amazon and Match Group.For more information on the Rathbone Global Opportunities fund visit fundcalibre.comLearn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may...
2019-05-0307 min