A number of reports have come out over the last few years which put forward the view that investors will have to come to terms with lower returns going forward than they are used to from the past several decades.
At the end of June, I was honoured to be awarded Entrepreneur of the Year at the Elevator Awards at Mercure Ardoe House Hotel.
I say honoured because our small corner of the world is home to an outsized number of successful businesses run by the brightest minds. It is inspiring that the region has so many great and growing businesses from brewers and gyms through to engineers and publishers.
There is a new breed of bond in the fixed income world. It’s different, it’s bold, it’s the so-called green bond market. As the drive towards environmental, social and governance (ESG) investing continues to gather pace, policy makers and investors alike are waking up to the importance – and benefits – of green bond investing.
The current so-called recovery is in its 95th month and is the second-longest one on record, the longest being 118 months. The present S&P P/E ratio is very high and makes one think of 1929 and 2000.
After so many years of loose monetary policy we might face the unintended consequences of huge misallocations of capital.
For those that invest with the aim of generating an income, the last year provided a unique set of challenges.
The economic outlook is bright enough to warrant a pro risk investment stance. Our overweight equities/ underweight duration seems consistent with a firming of global growth and an unwinding of prior deflation fear.
