Pivot To ESG

Pivot To ESG

Pivot To ESG John Leiper – Head of Portfolio Management -26th June 2020 The recovery in US equity prices, from the corona crisis, has been one of the most rapid in history. Whilst the fall broadly matched the one in 1987, in blue, the S&P 500 now sits...
The Commodity Carve-out

The Commodity Carve-out

The Commodity Carve-out John Leiper – Head of Portfolio Management – 12th June 2020 Commodities are nothing if not cyclical. They rise and fall in value with remarkable consistency over time. This is represented in the chart below which shows the...
The Return of Inflation

The Return of Inflation

The Return of Inflation John Leiper – Head of Portfolio Management – 5th June 2020 Quantitative easing, or QE, is where a central bank creates money to buy bonds. The goal is to keep interest rates low and to stimulate the economy during periods of...