Assuming investment returns are normally distributed exposes you to a lot of tail risk.  It is important to be aware of the abnormality of market returns and manage risk accordingly.

How unconstrained strategies can help investors navigate volatile environments.

Seeking income in a low rate environment has seen investors search for yield in riskier assets. While the risk associated with higher yielding investments can’t be eliminated, we look at three ways in which that risk can be reduced

How can recent market volatility be assessed through the broader historical patterns of market behaviour? 

US equities saw an increasing number of sharp reversals in performance last year, but we caution against extrapolating this to mean that a change of trend is around the corner.

President Trump has announced far higher tariffs across all trading partners than markets expected. What’s next for the US economy and markets? 

The yield-curve boy is crying wolf, raising recession fears. But the villagers at central banks have responded to dangers already.

With geopolitical uncertainty, persistently above-target global inflation and low growth weighing on many countries, 2025 is likely to be another turbulent year. However, the new year brings new challenges; one of the most pressing being the potential impact of US President Trump’s trade, fiscal and immigration policies on global markets.

The earnings season will deliver an enormous amount of newsflow. This one is shaping up to be unusually interesting. Here is a quick guide on what to expect and what to look out for from the macro perspective.

Adding multi-faceted, flexible fixed income sectors into the bond portion of a multi-asset portfolio could boost diversification.

The persistently gloomy narrative on the UK equity market seems unjust, given the underlying growth and value opportunities we are finding. So what can the UK’s wine industry teach us in the face of such unrelenting negativity?

The US has pivoted towards protectionism and industrial intervention. The presidential election will help determine the speed of deglobalisation.

Signs of bubble trouble in equity markets have dissipated, in my view. But as the risk of a market melt-down has fallen, could the chances of a ‘melt-up’ be rising?

The accuracy of opinion polls has meant that the initial reaction of sterling assets to a new government has been relatively muted. But irrespective of a change of politicians, for investors the key issues remain the same – namely the rise of geopolitics, immigration, deglobalisation and fiscal versus monetary policy.

The race to provide faster broadband is on. But will incumbents be disrupted by the challenger providers: the 'altnets'?

We weigh what the Labour win means for the macro outlook and what the vote tells us about longer-term themes.

Forget the debates about nationality – the next ECB chief’s most important quality will be their ability to keep the show on the road in the next crisis.

Just when investors thought inflation was under control, short-dated bond yields are on the rise again as the possibility of higher rates from central banks looms large. But what's the impact on other asset classes? Find out in the latest episode of Market Talk.