Understanding the Recent Market Sell-off

Not widely welcomed, but arguably overdue?

The sharp sell-off in stocks that started last week and gathered steam this week lacked a specific trigger — unlike the last time US shares fell this much, which came in the wake of the US losing its AAA sovereign rating at S&P Global Ratings in 2011.

As with plane crashes, the experts are pointing to a confluence of factors, from concerns over the path of Federal Reserve interest-rate increases to a rapid unwinding of trades predicated on continued low volatility in markets.

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Managing Risk

A large computerised display of the BritWhen it comes to investing, true risk at the investor level is the probability of not achieving the original investment objective. For that reason, variability of future returns from an asset (i.e. volatility) means less certainty of reaching your desired outcome.

Alex Harvey (CFA) of Momentum Global Investment Management, one of our UK regulated, discretionary fund managers, discusses what risk means when investing. Click here to learn more.

Carillion’s Demise Shines a Light on UK Pensions Shortfall

CarillionDebt laden construction firm Carillion has fallen into liquidation after it failed to reach an agreement with creditors during crisis talks over the weekend.

In addition to debts approaching GBP1 billion, the company has an enormous pension deficit. What does that mean for members of its staff pension schemes?

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Growing Pains

The growth outlook looks better at the start of 2018 than it has done in recent years. But while ‘growth is good’, investing is about that key confluence between what you’re buying on the one hand and what you pay for it on the other; and markets are currently paying for a lot of growth.

Richard Stutley (CFA) of Momentum Global Investment Management, one of our UK regulated, discretionary fund managers, explains why we may experience growing pains in 2018. Click here to learn more.

The Perils of Prediction

Fortune ReaderAs is customary around year end, many in the financial industry will have spent December making forecasts for the year ahead and their output is stuffing our inboxes. So should we read or press delete?

For Andrew Hardy (CFA) of Momentum Global Investment Management, one of our UK regulated, discretionary fund managers, the appropriate action depends on how you intend to use the information. Click here to learn more.

The Best and Worst Performing Assets of 2017

Of the regular 39 assets in our sample, a very impressive 38 finished with a positive total return in USD terms and 36 did so in local currency terms.

The S&P 500 (+21.8%) ended the year with a positive return in every month – the first time this has ever happened in the 90 years of monthly data.

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