As the EU Referendum polling date nears, we thought we’d give a short update on markets and some changes we have made to our own positioning to address the risks involved. Firstly, we are glad to say that our core views have not changed from our original April Brexit review (Brexit – What we do […]
Is it the case that, to paraphrase Winston Churchill, that equities are the worst investment around apart from all the alternatives? We don’t think so for two reasons. First, there are still parts of the world where the scenarios for equity investing look fairly attractive and you can reasonably expect to make the 7%-9% or […]
We have had several conversations with clients on what are the risks and the implications for our portfolios of Britain leaving the EU (a “Brexit” in the common media parlance which we will sadly follow for the rest of this note). This note summarises our view, why we think our portfolios are robust (even if […]
Well, the year has certainly got off to a bang. And, unfortunately it’s the bad sort of bang. The US equity market (S&P 500) has fallen -10.5% peak to trough from its December high and the European equity market (Euro Stoxx 600) has fallen over -16%. We think the fact that this happened at the […]
In January 2016, Chris Brown, IPS Capital’s CIO spoke alongside BDO London at a well-attended STEP Guernsey conference. The core subjects related to tax legislation changes that will effect UK res/dom’s and the practical implications of managing money for this group. Chris’s piece, entitled Four Funerals and a Wedding, displayed some of the complications of […]
This year we decided to produce a short video, which we filmed shortly before Christmas with Chris Brown our Chief Investment Officer reviewing our recent performance and presenting themes in our outlook for 2016.
US high yield interest rates have recently risen to over 9%. The good news is that this market once again has interest rates true to its name. The worrying part is as prices have fallen a few smaller US high yield funds have suspended redemptions. This is an eerie echo of 2007 when two Bear […]
A couple of thoughts on markets after the nasty June to September equity market sell-off. I have two pieces of bad news and only one of good news, but the good news about the good news is that it is actually by far the most important of the three for longer term returns so please […]
IPS Capital LLP has engaged Mercer, a leading global investment consulting firm, to support its investment research and portfolio construction process. Mercer’s global research and due diligence teams will support the IPS Investment Committee in the identification of leading edge / best in class investments across a broad spectrum of asset categories. Gary Dell, IPS […]
Given the recent big moves in equity markets we thought we’d give you an update on the markets as we see them today, what has been behind the moves and the opportunities we see for your portfolio today. First the drama: Chinese equity markets have fallen over 40% from their peak in June of this […]
