‘Value’ to cover all eventualities, argues Paul Warner in his latest article for FT Adviser. The list of factors that could mean that October was the beginning of a buyer’s market is a lot longer. We have US President Donald Trump versus China and the imposition of tariffs and a continuing trade
Beware of the ‘Easy Selling Gift’ warns Head of Portfolio Management Paul Warner. Back in 1994, when we were first asked to run discretionary ethical portfolios, we had just 21 funds from which to choose. That portfolio was called the Green Portfolio. In those days, if you asked a question at a
Paul Warner explains why the oil price should not be seen as a reference point for SRI portfolios. At the end of the last quarter, when analysing one of our third party SRI portfolios, we found that the slight underperformance of the SRI portfolio compared to its benchmark was due to the
“Obviously it’s not meant to be taken literally; it refers to any manufacturers of dairy products” – Monty Python, Life of Brian As President Trump sets off trade clashes with countries across the world, traditional US business partners move towards retaliatory barriers to American goods. For US cheesemakers, the
In recent months we have been buying 0-5 year US inflation-linked bonds (TIPS) as a defensive move to get exposure to the US dollar. At the time of purchase, we viewed the US bond market as still offering little value against a background of further monetary tightening by the Federeal Reserve. In addition,
Economies need to set the right price This year has marked three anniversaries. The first was the 100 year anniversary of the Russian Revolution. The second was the 30 year anniversary of the 1987 crash. The third was the 10 year anniversary of the financial crisis. Not that many people would be celebrating these anniversaries.