The pace of US growth may slow, but we do not anticipate a recession. Our asset allocation decisions are based on a robust process that has proven itself through multiple market cycles. By design, this prevents us from making knee jerk decisions based on headlines and volatility. This is especially important at a time when […]
Category Archives: Insights
Supply-side reforms are still needed to boost longer-term growth. Germany’s parliament has approved plans by incoming Chancellor Friedrich Merz to loosen borrowing limits. The law will exempt spending on defence and security from Germany’s strict debt rules. It also enables the creation of a €500 billion infrastructure fund. Significant shift in fiscal spending This represents […]
America’s economic momentum should be able to carry it through what the President has called a period of “transition.” The evolution of AI will also be crucial for markets over the remainder of 2025. Ever since President Trump’s re-election, investors have been debating whether his administration would look to fully implement his more disruptive campaign […]
The uncertainty created by political and geopolitical events does not diminish the opportunities that may be found by overcoming a domestic market bias and gaining exposure to regions, sectors and companies that can thrive amid disruption. Current political circumstances and geopolitical events can always provide reasons for investors to think twice about diversifying globally. But […]
Much is said about the decline of active investing; far less is said about the risks and shortfalls of a passive investment approach. Today’s markets could deliver the wake-up call. Extracts from this article first appeared in the The Sunday Times, London, on 9 March 2025. To start with, my cards are on the table: […]
As America looks to reshape global economic and defence relationships, market volatility is rising. We are positioned for a more challenging environment. The US stock market responded enthusiastically to President Trump’s re-election, with the S&P 500 index rising 6% from the eve of the 2024 election to its peak in mid-February. Since then, the majority […]
Global stock markets come under pressure as geopolitical risk rises. 04/03/2025 Trump trades in retreat After a strong start to the year, US equities have become more volatile in recent weeks and started March some 5% below their peak (in sterling terms). For the first time in quite a while, they have also significantly underperformed […]
We explain how the fear of US tariffs – irrespective of the final outcomes – is sufficient to drive market volatility. This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential […]
We look at which economies might face tariffs, the potential economic impact, and implications for equity markets. There is a new sheriff in town. Global investors have been digesting the change in policy direction after President Trump’s return to the White House. In contrast to his first term, actions on the trade front have been […]
Following the October 2024 Budget, wealthy families may accelerate the gifting of assets to reduce their inheritance tax (IHT) liabilities. However, this is not without complication. One particular risk is divorce. Could gifted assets be attacked upon divorce? Careful planning can reduce the risk, as Boodle Hatfield and Cazenove Capital explore in a joint article. […]