Recent thinking
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Multi-asset chart of the month for November
25 Nov 2025
It's not just the Magnificent Seven who have been benefitting from the AI investment boom.
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Multi-asset chart of the month for October
27 Oct 2025
This month’s chart looks at the strong performance of gold compared to equities so far in 2025. Has it gone too far, or does it still hold value?
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Multi-asset chart of the month for September
17 Sep 2025
This month’s chart looks at the Magnificent Seven group of stocks and explores whether – rather than being a bubble akin to the dotcom era – their high valuations are justified by high earnings.
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Multi-asset chart of the month for July
25 Jul 2025
This month’s chart highlights why a home bias could be counter-productive for UK investors given the continued underlying strength of US companies.
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Multi-asset Bitesize: Presidents, policy and markets
16 Jun 2025
Welcome back to Bitesize, our monthly data-viz series, where we unpack market developments in a single chart (or two), giving you sharp insights in under five minutes. This month, we explore what history can tell us about the likely market impact of the US-China tariff dispute.
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The week in markets: Tariffs and tech dominate the week
30 May 2025
Markets continued to digest the endless news flow on global tariffs, while Nvidia provided further indications of the resilience of company earnings in the first quarter of the year.
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The week in markets: Debt and deficits dominate
23 May 2025
US fiscal concerns took centre stage this week, as investors reassessed the long-term sustainability of government debt.
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The week in markets: Markets bounce back
16 May 2025
This week, equity markets have been riding a wave of optimism on the back of positive news flow, with the US stock market, as measured by the S&P 500, remarkably erasing its losses for the year.
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The week in markets: 100 days of President Trump
2 May 2025
Risk assets bounced back this week following increased hopes of a further de-escalation in the trade war and a positive earnings cycle.
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The week in markets: Stocks rise but uncertainty lingers
25 Apr 2025
Risk assets bounced back this week following increased hopes of a further de-escalation in the trade war and an easing in fears surrounding the independence of the US Federal Reserve.
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The week in markets: Markets stabilise but caution remains
17 Apr 2025
Following recent market turmoil, which saw the VIX (volatility) index reach one of its highest points this century, we saw a stabilisation in risk assets this week.
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The week in markets: Calm heads required amid continued volatility
11 Apr 2025
As tariff turbulence continues, we round-up what's happened in markets this week and how we are positioning portfolios.
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Bond investing: Five things to know about bonds
7 Mar 2025
In this article, we explain key concepts of bond investing, such as yield and duration, explore the role of bonds in investment portfolios and look at the current state of the bond markets.
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The cash conundrum: Five things to know about cash, saving and investing
7 Feb 2025
In this article, we explore the logic behind holding assets in cash, the difference between saving and investment, and why a longer-term focus may help investors achieve their objectives.
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Five big trends to watch in 2025: Trade, tech and tensions to shape the year ahead
17 Jan 2025
From AI breakthroughs to rising risks of trade wars and energy crunches, 2025 is shaping up to be a year of big shifts. Here are five key trends every investor needs to watch to stay ahead of the curve.
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Rethinking retirement: Five trends redefining financial advisers’ retirement planning
31 Oct 2024
Retirement today looks quite different from previous generations. With longer life expectancy, fluctuating market conditions and higher costs of living, planning for it has become increasingly complex. In this article, we explore five reasons why financial advisers should rethink retirement to help clients secure their financial future.
House View
No one can predict the future. But our quarterly House View sets out the collective wisdom of our investment teams on the current state of global markets – and where they might be heading.
The Little Book of Data
Good data visualisation makes us see the world anew. The sixth edition of The Little Book of Data presents original and curated visuals, charts and graphics to offer a fresh perspective on topics shaping our world.
Equities
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Multi-asset chart of the month for November
It's not just the Magnificent Seven who have been benefitting from the AI investment boom.
-
Multi-asset chart of the month for October
This month’s chart looks at the strong performance of gold compared to equities so far in 2025. Has it gone too far, or does it still hold value?
-
Multi-asset chart of the month for September
This month’s chart looks at the Magnificent Seven group of stocks and explores whether – rather than being a bubble akin to the dotcom era – their high valuations are justified by high earnings.
-
Multi-asset chart of the month for July
This month’s chart highlights why a home bias could be counter-productive for UK investors given the continued underlying strength of US companies.
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Rethinking retirement: Five trends redefining financial advisers’ retirement planning
Retirement today looks quite different from previous generations. With longer life expectancy, fluctuating market conditions and higher costs of living, planning for it has become increasingly complex. In this article, we explore five reasons why financial advisers should rethink retirement to help clients secure their financial future.
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Multi-asset allocation views: Where next for markets after the summer storms?
Volatility returned to markets in the third quarter of the year. While the short-term drivers are not unduly worrying, Sunil Krishnan argues multi-asset investors will need to be watchful over the medium term.
Fixed income
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Multi-asset chart of the month for November
It's not just the Magnificent Seven who have been benefitting from the AI investment boom.
-
Multi-asset chart of the month for September
This month’s chart looks at the Magnificent Seven group of stocks and explores whether – rather than being a bubble akin to the dotcom era – their high valuations are justified by high earnings.
-
Multi-asset chart of the month for July
This month’s chart highlights why a home bias could be counter-productive for UK investors given the continued underlying strength of US companies.
-
Bond investing: Five things to know about bonds
In this article, we explain key concepts of bond investing, such as yield and duration, explore the role of bonds in investment portfolios and look at the current state of the bond markets.
-
The cash conundrum: Five things to know about cash, saving and investing
In this article, we explore the logic behind holding assets in cash, the difference between saving and investment, and why a longer-term focus may help investors achieve their objectives.
-
Multi-asset allocation views: Where next for markets after the summer storms?
Volatility returned to markets in the third quarter of the year. While the short-term drivers are not unduly worrying, Sunil Krishnan argues multi-asset investors will need to be watchful over the medium term.
Multi-asset & multi-strategy
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Multi-asset chart of the month for November
It's not just the Magnificent Seven who have been benefitting from the AI investment boom.
-
Multi-asset chart of the month for October
This month’s chart looks at the strong performance of gold compared to equities so far in 2025. Has it gone too far, or does it still hold value?
-
Multi-asset chart of the month for September
This month’s chart looks at the Magnificent Seven group of stocks and explores whether – rather than being a bubble akin to the dotcom era – their high valuations are justified by high earnings.
-
Multi-asset chart of the month for July
This month’s chart highlights why a home bias could be counter-productive for UK investors given the continued underlying strength of US companies.
-
Multi-asset Bitesize: Presidents, policy and markets
Welcome back to Bitesize, our monthly data-viz series, where we unpack market developments in a single chart (or two), giving you sharp insights in under five minutes. This month, we explore what history can tell us about the likely market impact of the US-China tariff dispute.
-
The week in markets: Tariffs and tech dominate the week
Markets continued to digest the endless news flow on global tariffs, while Nvidia provided further indications of the resilience of company earnings in the first quarter of the year.
-
The week in markets: Debt and deficits dominate
US fiscal concerns took centre stage this week, as investors reassessed the long-term sustainability of government debt.
-
The week in markets: Markets bounce back
This week, equity markets have been riding a wave of optimism on the back of positive news flow, with the US stock market, as measured by the S&P 500, remarkably erasing its losses for the year.
-
The week in markets: 100 days of President Trump
Risk assets bounced back this week following increased hopes of a further de-escalation in the trade war and a positive earnings cycle.
-
The week in markets: Stocks rise but uncertainty lingers
Risk assets bounced back this week following increased hopes of a further de-escalation in the trade war and an easing in fears surrounding the independence of the US Federal Reserve.
-
The week in markets: Markets stabilise but caution remains
Following recent market turmoil, which saw the VIX (volatility) index reach one of its highest points this century, we saw a stabilisation in risk assets this week.
-
The week in markets: Calm heads required amid continued volatility
As tariff turbulence continues, we round-up what's happened in markets this week and how we are positioning portfolios.
-
Bond investing: Five things to know about bonds
In this article, we explain key concepts of bond investing, such as yield and duration, explore the role of bonds in investment portfolios and look at the current state of the bond markets.
-
The cash conundrum: Five things to know about cash, saving and investing
In this article, we explore the logic behind holding assets in cash, the difference between saving and investment, and why a longer-term focus may help investors achieve their objectives.
-
Five big trends to watch in 2025: Trade, tech and tensions to shape the year ahead
From AI breakthroughs to rising risks of trade wars and energy crunches, 2025 is shaping up to be a year of big shifts. Here are five key trends every investor needs to watch to stay ahead of the curve.
-
Rethinking retirement: Five trends redefining financial advisers’ retirement planning
Retirement today looks quite different from previous generations. With longer life expectancy, fluctuating market conditions and higher costs of living, planning for it has become increasingly complex. In this article, we explore five reasons why financial advisers should rethink retirement to help clients secure their financial future.
Economic research
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The week in markets: Tariffs and tech dominate the week
Markets continued to digest the endless news flow on global tariffs, while Nvidia provided further indications of the resilience of company earnings in the first quarter of the year.
-
The week in markets: Debt and deficits dominate
US fiscal concerns took centre stage this week, as investors reassessed the long-term sustainability of government debt.
-
The week in markets: Markets bounce back
This week, equity markets have been riding a wave of optimism on the back of positive news flow, with the US stock market, as measured by the S&P 500, remarkably erasing its losses for the year.
-
The week in markets: 100 days of President Trump
Risk assets bounced back this week following increased hopes of a further de-escalation in the trade war and a positive earnings cycle.
-
The week in markets: Stocks rise but uncertainty lingers
Risk assets bounced back this week following increased hopes of a further de-escalation in the trade war and an easing in fears surrounding the independence of the US Federal Reserve.
-
The week in markets: Markets stabilise but caution remains
Following recent market turmoil, which saw the VIX (volatility) index reach one of its highest points this century, we saw a stabilisation in risk assets this week.
-
The week in markets: Calm heads required amid continued volatility
As tariff turbulence continues, we round-up what's happened in markets this week and how we are positioning portfolios.
-
Nothing to fear: Sustainable investing trade-offs
Sustainable investing, and the supposed trade-offs involved, have been a topic of heated debate. But trade-offs are a fundamental part of all types of investment; the key is to be clear about your objectives, as Mirza Baig explains.
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Confronting a permacrisis? The intersection between antimicrobial resistance, climate change and biodiversity loss
Will a warmer and less biodiverse world give pathogens new opportunities, and do we have the tools to confront disease? This report discusses the complex intersection of three planetary crises and calls for urgent action to slow resistance to antimicrobial drugs – an obvious public health emergency.
Responsible investment
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Nothing to fear: Sustainable investing trade-offs
Sustainable investing, and the supposed trade-offs involved, have been a topic of heated debate. But trade-offs are a fundamental part of all types of investment; the key is to be clear about your objectives, as Mirza Baig explains.
-
Confronting a permacrisis? The intersection between antimicrobial resistance, climate change and biodiversity loss
Will a warmer and less biodiverse world give pathogens new opportunities, and do we have the tools to confront disease? This report discusses the complex intersection of three planetary crises and calls for urgent action to slow resistance to antimicrobial drugs – an obvious public health emergency.