CG Asset Management

Introducing our newly revamped report - CG Insights: Quarterly perspectives from the CG team!   📊 In this edition, we dive into our expectations for macro developments, equity and bond markets, as well as changes to portfolio positioning and investor behaviour for Q1 2025:   “The US economy has shown considerable momentum and this is likely to continue in the short-term. The key uncertainty is whether US exceptionalism can continue beyond this point. There are plenty of factors which could derail the US economy, however we have low conviction as to their timing and probability, therefore we proceed with caution.”   🔗Click the link below to download the full report. https://lnkd.in/eTry34Xi   #InvestmentInsights #MarketAnalysis #CGInsights #CGAssetManagement”

A very Happy New Year to all!   Great to see Capital Gearing Trust highlighted in John Baron's piece on wealth preservation trusts for Investors' Chronicle at the end of last year as a gem in a sometimes overlooked sector:   "Capital Gearing Trust (CGT) similarly has a good track record – recent figures show it has increased its net asset value (NAV) at an annualised rate of 8.3 per cent since 2000, while exhibiting low volatility."   Read the full article at the link below:   https://lnkd.in/ep8tm99x

As the year draws to a close, we want to wish you a Merry Christmas and a Happy New Year. This season is a time to reflect and look forward, and we’re grateful for your continued support. We’ve included a photo of Finn, our Chief Morale Officer, to bring a bit of holiday cheer your way. Wishing you a joyful holiday season and all the best in the year ahead. 🎄

In CG Asset Management's final Macro Snapshot for 2024, Portfolio Manager, Emma Moriarty highlights:   ·      Defensive Positioning: CGAM has reduced risk assets to 30% amid stretched US equity valuations and a weaker UK corporate profit outlook post-budget. Portfolios remain focused on index-linked bonds and dry powder. ·      US Dollar Strength: The relative strength of the US economy has led to an increased USD weighting of 26%. ·      FOMC’s Focus Shift: Despite persistent inflationary pressures and resilient wage growth, the FOMC appears more concerned with rising unemployment, paving the way for rate cuts. ·      The Elephant in the Room: Trump administration policies remain excluded from FOMC forecasts, risking underestimated inflation. Treasury Secretary pick Scott Bessent and his “3-3-3” plan point to aggressive adjustments and reducing the deficit could result in a tougher economic environment than markets currently expect. Read the full insights in the attached article.   #MacroOutlook #TrumpTariffs #USDollar #Investing #CGAM

  “Our portfolio is invested so investors are able to participate in some upside from the stock market and bonds but are protected from steep downturns.”   In uncertain markets, staying steady is key for our clients. We recently spoke with Martin Gamble for AJ Bell's Shares Magazine about Capital Gearing's wealth preservation approach, covering our core principles of investing, current portfolio positioning, and outlook for 2025.   Read the full article at the link below.   #InvestmentInsights #CapitalGearingTrust #CGAssetManagement

  “When the milk is brought to the boiling point, there’s no saying how high the froth will go.”   Peter Spiller, Co-CIO of Capital Gearing Trust, spoke with Trustnet’s Emma Wallis about his outlook on the US market. He expressed concerns about the S&P 500’s prospects over the next decade and highlighted the “unsustainable path” of US government debt. According to Spiller, this mounting debt could pose significant risks, potentially leading to a market correction or even a recession.   Read the full article at the link below.   #InvestmentInsights #CGAssetManagement #CapitalGearingTrust

Last week was a busy and rewarding one for CG Asset Management, with our team contributing to insightful conversations across the investment landscape. Co-CIO, Chris Clothier presented at the Peel Hunt Investment Companies Conference, sharing perspectives on navigating the current market environment. Emma Moriarty, Portfolio Manager at CGAM, participated in a panel discussion at the Bloomberg UK Money Market Forum, exploring key trends in today’s money markets. Thank you to the organisers for hosting these impactful events. It was a fantastic opportunity to engage with industry peers and exchange ideas. See photos from both events below. #PeelHunt #Bloomberg #InvestmentInsights #CGAssetManagement #CapitalGearingTrust

In CG Asset Management's Macro Snapshot for November 2024, Portfolio Manager, Emma Moriarty highlights:   ·      Trump’s victory resolves uncertainty but raises fiscal questions: Will it mean aggressive tariffs or a more moderate approach? ·      US fiscal policies could either fuel inflation or boost productivity, impacting interest rates and bond investors differently. ·      UK Budget highlights debt concerns—Britain may be closer to its debt limit than the US.   CGAM maintains cautious positions: short-duration UK gilts, longer-duration US TIPS, and capped risk asset exposure.   Please see in full below.   #MarketOutlook #InvestmentStrategy #USElection #UKBudget   

We look forward to speaking to investors at Capital Gearing Trust’s Half-Year Results investor webinar on Monday at 11.00 a.m., hosted by Chris Clothier (Co-Chief Investment Officer) and Emma Moriarty (Portfolio Manager) of CG Asset Management, our Investment Manager.   Interested in joining to receive an overview of the Company's financial performance, strategic updates, and market outlook? Investors and potential investors can sign up for the event via the following link: https://lnkd.in/eb77bPkF   Questions can be submitted at any time before or during the live presentation. We look forward to seeing you there!   #interimresults #investorwebinar #CapitalGearingTrust #CGAssetManagement  

We were pleased to publish Capital Gearing Trust’s Half-Year Results this week, for the period ended 30 September 2024, reporting a net asset value total return of +2.4%. This compares with the Consumer Price Index return of +0.9%.   Other highlights include: -      The share price total return over the period was +3.1%. -      All parts of the portfolio contributed positively but most of the return came  from the risk asset and the corporate credit holdings. -      The discount ended the six-month period at the slightly lower level of 1.8% compared to 2.4% as at 31 March 2024. Read our results in full, including the Investment Manager’s outlook on the US market, here: https://lnkd.in/dCUmikK7   #InvestmentTrusts #CapitalGearingTrust #CGAssetManagement #WealthPreservation #Investment