The Edit - June 2024

Welcome back to The Edit.

In this issue, our CIOs and investment teams explore the state-of-play across equities, fixed income and private markets against a backdrop of shifting narratives and diverging policies in the latest edition of Investment Perspectives.

This month also features our whitepaper outlining potential opportunities in European high yield structured credit, and analysis on the prospects for Asian equities following a decades-long economic transformation.

Finally, in case you missed it: Listen to the latest episode of The Investment Podcast where we discuss why equity income could be making a comeback after years in the wilderness.

The outlook for monetary policy has continued to dominate financial market commentary this year. At the start of 2024, markets were implying multiple interest rate cuts, but since then the narrative has shifted dramatically as investors have pushed out their expectations for when those cuts will take place. Read our latest Investment Perspectives to learn our views on the state of play across equities, fixed income and private markets.

In this whitepaper, we look at how long-standing participants of the European high yield structured credit market may be in a unique position to deploy at scale and take advantage of the ripe conditions brought about by a confluence of factors such as higher base rates, an evolving regulatory landscape, changing market dynamics, as well as inherent market mispricing and inefficiencies.

Asia is home to some of the world’s fastest-growing economies. Indeed, over the last few decades, the continent has witnessed a remarkable transformation. In this article taken from the latest edition of Ampersand, we catch up with David Perrett, co-head of Asia Pacific Equities to discuss Asia’s growing importance in the global economy – and why he is excited about the prospects for Asian equities.

Post-Global Financial Crisis, dividend investing became somewhat of a forgotten art form, largely overshadowed by the outperformance of growth stocks between 2010 and 2020 as capital gains took a precedence. In this episode of The Investment Podcast, Stuart Rhodes and Alex Araujo discuss why equity income could be making a comeback now we find ourselves in a very different investment environment.

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested. Past performance is not a guide to future performance. The views expressed in this document should not be taken as a recommendation, advice or forecast.

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