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REAL ASSETS & HOW THEY ADD VALUE

REAL ASSETS & HOW THEY ADD VALUE

In his book Pioneering Portfolio Management, the former CIO of the Yale endowment, David Swensen, helped popularise the idea that long-term portfolios should extend beyond traditional stocks and bonds to include assets linked to the real economy and alternative assets such as hedge funds. First published in 2000, the book drew on lessons from investing across a range of market environments, including periods of elevated inflation.

CAPITAL GAINS TAX – A CHANGED LANDSCAPE

CAPITAL GAINS TAX – A CHANGED LANDSCAPE

For most of the past two decades, Capital Gains Tax (CGT) has been a relatively peripheral concern for the majority of investors. The annual exempt amount – the amount of gains you can realise each year free of tax – was generous enough that many clients could rebalance portfolios, fund ISA contributions, and take profits without a CGT liability arising at all. That position has changed significantly.

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AUTUMN STATEMENT – SPENDING REVIEW

AUTUMN STATEMENT – SPENDING REVIEW

With a yawning £41 billion hole opening up in Britain’s books, this autumn’s Budget is shaping up to be less about giveaways and more about plug holes.

THE FUTURE OF FOSSIL FUELS & THE IMPACT OF CONFLICT

THE FUTURE OF FOSSIL FUELS & THE IMPACT OF CONFLICT

We are sometimes fixated on ideas that only reflect our own individual perspective and typically we can be UK or Europe or US centric. We are all likely to be affected by the potential interruption to the movement of Oil from the Middle East to the rest of the globe but interestingly we are not the only ones!

ISRAEL-IRAN TENSIONS FLARE – FIRST THOUGHTS

ISRAEL-IRAN TENSIONS FLARE – FIRST THOUGHTS

On 13 June 2025, Israel launched a pre-emptive military strike on Iran, codenamed “Operation Rising Lion”. Israel’s reasoning for these latest strikes centred on preventing Iran from achieving nuclear weapon capability, which Israel claimed was only days away.

TARIFFS – INFLATIONARY OR NOT?

TARIFFS – INFLATIONARY OR NOT?

Tariffs is a hot topic at the moment and may remain so for some time. The big question is what will the effects of tariffs be…inflation, retaliation, volatility, job losses and disinflation.

USING BUSINESS RELIEF TO REDUCE INHERITANCE TAX 

USING BUSINESS RELIEF TO REDUCE INHERITANCE TAX 

President Donald Trump announced sweeping tariffs that will reshape trade relations with the United States. The new tariff regime is more severe than expected, and extraordinary both in terms of scale and how they were calculated.

LIVING WITH VOLATILITY

LIVING WITH VOLATILITY

Equity markets rise over-time but they do not do so in a straight line. Volatility – although difficult to stomach at the time – is par for the course. According to Duncan Lamont, head of strategic research at Schroders, the stock market tends to fall by 20% once every four years and by 10% at some point during most years.

PRESIDENT TRUMP, THE USA & TARIFFS – HOW SHOULD WE REACT?

PRESIDENT TRUMP, THE USA & TARIFFS – HOW SHOULD WE REACT?

President Donald Trump announced sweeping tariffs that will reshape trade relations with the United States. The new tariff regime is more severe than expected, and extraordinary both in terms of scale and how they were calculated.

SPRING STATEMENT UPDATE – THE KEY NEWS FROM THE CHANCELLOR’S SPEECH

SPRING STATEMENT UPDATE – THE KEY NEWS FROM THE CHANCELLOR’S SPEECH

After Rachel Reeves’ first Budget in autumn 2024, you might have been concerned about the announcements that would be included in her Spring Statement on 26th March 2025. Thankfully, the major headline from this year’s springtime fiscal event is that Reeves made few announcements that are likely to directly affect you and your personal finances.

SMALLER COMPANIES – IS THERE AN OPPORTUNITY?

SMALLER COMPANIES – IS THERE AN OPPORTUNITY?

As investors we do need to seek out opportunities when the exuberance or caution of markets is exaggerated. It is tough to make the right call consistently but at times there are opportunities that in hindsight were ‘obvious’ but at the time seem to present too much risk to commit the capital.

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