03 June 2019
Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
The importance of being genuinely multi-asset in the face
of global trade wars
It looked as though trade peace had broken out between the US and China. Now Trump’s latest salvo of new tariffs and ban on Chinese telecom giant Huawei
threatens to usher in a long-term conflict over technology supremacy.
07 May 2019
In the latest of our Multi-Asset Master Classes, Matthew Lamb, CEO of Pacific AM and Will Bartleet, CIO/Portfolio Manager
of Pacific Multi-Asset discuss some of the reasons behind recent movements in the markets and the Federal Reserve’s input into these movements. They
discuss market opportunities in this environment including EM equities, EM debt, gold and macro funds and the potential impact of inflation. They conclude
by explaining the continued importance of diversification.
07 January 2019
Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
Market commentary, portfolio positioning and outlook
After nearly a decade of a mostly uninterrupted rise in equity markets, the final months of 2018 saw a sharp pick up in volatility and a decline in
stock markets around the world. Headwinds for the markets have been building over the last few months: central banks have persisted with interest rate
increases and ended their QE programmes, uncertainty surrounding Brexit has continued, the trade war between the US and China has intensified and global
growth has slowed.
29 October 2018
Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
Unlocking value in Japanese companies
Assets that offer asymmetry, where the upside potential is greater than the downside risks are the holy grail of investing. Sometimes these are found
in unlikely places; one such opportunity lies within the Japanese stock market. In these uncertain times, let’s start with the downside protection.
This comes in the simplest form possible: lots of cash on company balance sheets. Japanese companies have been hoarding cash for 30 years after the
traumatic experience of the bubble bursting in the early 1990’s. In a world of high corporate debt, more than half of Japanese companies have net cash
on their balance sheet.
17 October 2018
In the latest of our Multi-Asset Master Classes, Matthew Lamb, CEO of Pacific AM and Will Bartleet, CIO/Portfolio Manager of Pacific Multi-Asset discuss how recent moves in the market have seen bond and equity markets falling in tandem. Although the recent fall has felt sudden, Will discusses the three risks that he identified last quarter that in fact have been building over the last six months. They also discuss market opportunities and how the Multi-Asset portfolios are positioned.
13 August 2018
In the latest of our Multi-Asset Master Classes, Matthew Lamb, CEO of Pacific AM and Will Bartleet, CIO/Portfolio Manager of Pacific Multi-Asset discuss what is currently driving markets and the impact of Trump, Trade Wars, BREXIT and more. Will explains why he believes having plenty of 'dry powder' is key and discusses how the portfolios are currently positioned. They also discuss the recent record moves in Technology Stocks and the influence of the FANGs on US Equities.
23 May 2018
Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
Opportunities in energy stocks
Energy companies have been in the doldrums for a decade, generating no returns for investors despite generous dividends, whilst global equities have
returned nearly 80%. The obvious culprit has been the oil price which is down by a quarter over the same period as the phrase “commodity super cycle”
crashed out of the investment lexicon. With the usual enthusiasm to build capacity in the good times, oil companies kept on spending for a full five
years after the peak in the oil price. The additional capacity pushed the market into over-supply and the oil price crashed a year later. Not so super.
12 April 2018
In the latest of our Multi-Asset Master Classes, Matthew Lamb, CEO of Pacific AM and Will Bartleet, CIO/Portfolio Manager of Pacific Multi-Asset look back at Q1 2018, discuss the current global investment outlook and what the return of volatility has meant for global equities and bonds. They also discuss how the Pacific Multi-Asset Portfolio is positioned and consider where the opportunities are going forward.
09 February 2018
Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
A winter storm is blowing through markets
After months of mild weather, a winter storm is blowing through markets. First it was government bonds that sold off as investors finally took the
threats of central banks seriously, stirred by signs of rising wage pressure.