The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

Until the beginning of October last year, equity markets had generally been faring well, while bond and commodity markets reflected firm...

This month, I write about our funds’ current (tactical) asset allocation positioning in the context of my macro outlook and market views....

Last month’s column was about predicting financial markets over the medium term. This month I thought it would be fun to look much...

2018 was looking all fine and dandy up until the beginning of October. Equity markets, though having been driven by a small number of...

I think I have one of the best jobs in the world: essentially, to predict the future – the future course of, for example, inflation and...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. As it’s the...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. 2018 was looking...

In January 2016, I wrote about some interesting but little-heard-of research by Dr Leo Krippner at the Reserve Bank of New Zealand on the...

The fund industry is not like other industries. With most consumer products, you know what you are getting. Furthermore, if they break,...

I occasionally like to ask people if they are in denial about something or other. If they say ‘no’, I smile. Then, when they see the...

I was presenting at a multi-asset investing conference recently and during the Q&A was asked, “Will you be replaced by an ‘algo’?” My...

October was clearly a bad month for equity markets around the world, with the MSCI AC World index falling 6.9% in local currency terms....

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Last year we...

I have noted in my investment letters that in the multi-asset space, funds tend to do better in relation to their passive equivalents...

Renowned economist Milton Friedman wrote: “Inflation is a disease, a dangerous and sometimes fatal disease, a disease that if not checked...

In June, we moved to a zero weight in US equities across all our funds. This is obviously a very high conviction position given that the...

Behaviour is everything. Our collective behaviour determines whether we as societies or as a race are creating or destroying. From time...

Just before the 1929 Wall Street crash, celebrated Yale economist Irving Fisher claimed that the stock market had reached “a permanently...

Am I right to worry about higher inflation? Followers of our funds and my writing will know that we have been reducing risk in...

Equity markets were generally strong in July, as investors appeared to shrug off fears of a global trade war. US and Eurozone equities...