The Venezuelan cash crunch: exporting passports as a palliative?

Bond Vigilantes 23/01/2018  

Venezuela’s cash flow crisis has been well covered. The recent default on its sovereign debt and likely default on the debt issued by its state-owned company, Petroleos de Venezuela SA… Read more »

Trump’s US tax Christmas present

Bond Vigilantes 04/01/2018  

Glittering gifts for Investment Grade telecom companies, but only lumps of coal for High Yield. On 22nd December last year, President Trump enacted probably the most significant achievement… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Equities Market Perspective: Cyclicals take firm grip on leadership of equities rally

Equities Forum 04/08/2017  

In this month’s update Ritu Vohora, Investment Director looks at what is driving the momentum in cyclicals.

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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Equities Market Perspective: Shifting sands? Central bankers turn more hawkish

Equities Forum 06/07/2017  

Is the era of cheap money coming to an end? In this month’s update Ritu Vohora, Investment Director, reviews central banks increasingly hawkish rhetoric.

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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‘Will you still need me, will you still feed me When I’m sixty-four?’

Equities Forum 29/06/2017  

Scary stats abound around the ageing population and many column inches have been dedicated to the burden this will place on the health service and the pension system. But older… Read more »

Moon landing could be a giant leap for shareholders in South Korea

Equities Forum 25/05/2017  

The election of Moon Jae-in as Korea’s new president is, we think, good news for shareholders in Korean companies, as we expect President Moon to drive further improvements in corporate… Read more »

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.


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A problem with U.S. average hourly earnings, and why it may be understating the true picture

Bond Vigilantes 16/05/2017  

The last time the US had an unemployment rate below 5% and inflation expectations around 2%, the Fed funds rate was above 5% and had been aggressively hiked in the… Read more »

BVTV: Europe’s turn for positive surprises

Bond Vigilantes 15/05/2017  

The Eurovision song contest may be over for another year, but Europe’s capacity to surprise could well continue. Tune in to the latest edition of BVTV, where Anjulie Rusius joined… Read more »

Which bonds have benefitted most from the ECB’s corporate bond buying programme?

Bond Vigilantes 11/05/2017  

European investment grade (IG) corporate bond spreads are now more than 40 basis points tighter than in early March 2016, before the European Central Bank (ECB) announced the expansion of… Read more »

French election result

Episode 08/05/2017  

The election of Emmanuel Macron as President of France marks an important shift in the narrative around European politics: not all popular discontent in Europe can be channelled as anti-EU… Read more »