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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
- Jan 6, 2023
- 6 min
Do Not Let Your Comfortable Retirement Slip Away
Now is the time for a truly bold asset allocation
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Peter Elston
- Dec 2, 2022
- 8 min
Vanguard Doubles Down
The passive fund behemoth refuses to consider possibility that inflation will remain high
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Peter Elston
- Nov 4, 2022
- 6 min
Is Vanguard In Denial?
The manager of the huge passive balanced fund range is clearly conflicted
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Peter Elston
- Oct 27, 2022
- 5 min
Wealth Managers May Need A Complete Rethink
Persistent high inflation will make a mockery of balanced and risk rated funds
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Peter Elston
- Oct 20, 2022
- 1 min
Citywire: Wealth Managers May Need A Complete Rethink
My latest piece, published in Citywire, takes aim at balanced and risk-rated funds
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Peter Elston
- May 29, 2022
- 4 min
Grin And Bear It
Signs point to the start of a bond bear market Since their peak on 4 August 2020, long duration Treasuries are down 40% in real terms....
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Peter Elston
- Nov 1, 2021
- 3 min
Boiling Frogs
There is no bigger question for investors currently than where UK consumer price inflation is headed in the medium term.
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Peter Elston
- Jul 1, 2021
- 3 min
A Game of High Stakes
Inflation has been on the rise recently in the UK and around the world. Is this rise transitory, as central bankers are saying it is, or...
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Peter Elston
- Apr 1, 2019
- 3 min
Is 0% Better Than an Annuity?
Risks generally come in two forms, those that can be borne by the individual and those that should be pooled. Longevity risk and the risk...
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Peter Elston
- Oct 1, 2018
- 3 min
Active Versus Passive: is it Different for Multi-Asset?
I have noted in my investment letters that in the multi-asset space, funds tend to do better in relation to their passive equivalents...
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Peter Elston
- Nov 1, 2017
- 4 min
Keeping it Simple – How to Add Value Effectively Through Tactical Asset Allocation
Take a look at the equity weight over time of some multi-asset funds and you’d have thought that the manager was at best flipping coins...
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Peter Elston
- Oct 1, 2017
- 6 min
Five Points about Active Management in the Multi-Asset Space
I was presenting a slide deck entitled ‘The Art and Science of Multi-Asset Investing’ at five venues across the country recently, as part...
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Peter Elston
- Sep 1, 2017
- 4 min
The Big Issues with 'Absolute Return Funds'
The three funds my team manage are all multi-asset, investing in equities, bonds, and specialist investment trusts that themselves invest...
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Peter Elston
- Mar 1, 2017
- 5 min
Preparing for the Impending End of the Bond Bull Market
I know I bang on about this, but value investing is about so much more than buying low price-to-earnings or low price-to-book stocks....
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Peter Elston
- Nov 1, 2016
- 4 min
US Election – a Dangerous Distraction
As I write this Donald Trump has just been declared president and I congratulate him on playing a blinder of a hand. Let’s hope he can...
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Peter Elston
- Aug 2, 2016
- 4 min
Navigating a Low Growth Future
For savers, the combination of lower investment returns and rising longevity is a toxic combination. In days gone by one may have only...
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Peter Elston
- Jul 31, 2016
- 4 min
Navigating a Low Growth World
While it is far from clear what its long term impact will be, Britain’s vote to leave the EU has shone a light on the growth problems in...
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Peter Elston
- Apr 1, 2016
- 5 min
Is Multi-Asset a Gimmick?
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. During a break...
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Peter Elston
- Aug 1, 2015
- 4 min
Are ‘Safe Havens’ Really That Safe?
In recent years there have been a number of complaints against advisers in which the Financial Ombudsman Service has ruled that the...
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