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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Pub Club: Peter Elston, Seneca Investment Managers
The below article was published in Citywire on 19 May 2016 by Ted Monrow ‘Prediction is very difficult, especially if it’s about the...
Peter Elston
May 18, 20163 min read
What is the Best Diversification Strategy in Uncertain Times?
It is a tricky question, because safe-haven assets such as developed market government bonds are expensive, so owning them relies on them...
Peter Elston
Apr 30, 20161 min read
Just How Risky Are Equities?
In my last blog I made a very simple point, namely that the low or negative real interest rates that prevail currently across the...
Peter Elston
Apr 30, 20164 min read
Introduction of New Investment Process – One Year On
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Our new...
Peter Elston
Apr 30, 20169 min read
What are OECD Leading Indicators Telling Us?
The OECD calculates leading indices every month for a large number of countries. Chart 5 below shows the year-on-year change in the...
Peter Elston
Apr 30, 20161 min read
Inflation Watch
It is interesting that despite rising concerns about the outlook for global economic growth in recent months, there has been no...
Peter Elston
Apr 30, 20162 min read
Employment Watch
Unemployment rates across the developed world have continued to improve (see chart 3). There seems to have been some fall in the rate of...
Peter Elston
Apr 30, 20162 min read
Our Current Exposure to the US
Our exposure to US equities has been fairly light for some time, a position that on the face of it hasn’t worked for us. US equities are...
Peter Elston
Apr 30, 20161 min read
Is Multi-Asset a Gimmick?
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. During a break...
Peter Elston
Mar 31, 20165 min read
EM Growth Needs to Recover to Pre-Crisis Levels
The volume of opinion surrounding emerging markets can, at times, seem deafening. For simplicity’s sake, I will discuss just two key...
Peter Elston
Mar 31, 20164 min read
Multi-Asset and the Changing Nature of Asset Allocation
Financial advisers will be only too aware that the difference between a comfortable retirement and an uncomfortable one is almost too...
Peter Elston
Mar 31, 20165 min read
Inflation Watch
As anticipated, inflation turning negative in the Eurozone in February did indeed prompt drastic action by the ECB, which announced a...
Peter Elston
Mar 31, 20161 min read
What does Proper Portfolio Diversification Look Like?
It’s a tricky question, because safe haven assets such as developed market government bonds are expensive, so owning them relies on them...
Peter Elston
Mar 31, 20161 min read
Employment Watch
Unemployment in most regions remains above what might be considered full employment though we are getting close in the US and the UK. In...
Peter Elston
Mar 31, 20161 min read
The Relevance of Multi-Asset Investing
We all know that the difference between a comfortable retirement and an uncomfortable one is almost too huge to contemplate. And yet you...
Peter Elston
Mar 31, 20165 min read
Employment Watch
Despite fears of slowing growth, unemployment rates almost everywhere came in lower than expected and, with the exception of Brazil,...
Peter Elston
Mar 1, 20161 min read
Whither Emerging Markets
I will be writing an opinion piece about emerging markets later this month for one of the trade journals. Here are some preliminary...
Peter Elston
Mar 1, 20164 min read
Inflation Watch
Perhaps the most important number coming out of the developed world was Europe’s February inflation turning negative. This prompted...
Peter Elston
Mar 1, 20161 min read
Outlook for Equities
It is possible that we are now in an environment in which the falls in markets since last summer, particularly those in early December...
Peter Elston
Feb 1, 20166 min read
Employment Watch
Most if not all central banks are tasked with maintaining price stability and full employment. This section looks at recent employment...
Peter Elston
Feb 1, 20161 min read
Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets
Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way
Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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