Multi-Asset: Market Update July 2026
4 minutes read timeJuly was dominated by three interlocking themes: a re-escalation of hostilities in the Middle East that sent oil prices sharply higher, a reversal in technology stocks, and a Federal Reserve decision that unsettled bond markets.
Emerging Markets: June Monthly Commentary
3 minutes read timeDuring Q2 2026 the strategy outperformed the MSCI Emerging Markets index by 1.8%. The quarter was characterized by a strong equity recovery after a March correction in response to the war in Iran.
Emerging Markets Income: June Monthly Commentary
3 minutes read timeOver the month the fund retraced by 3.75% in GBP. The strongest markets were Saudi Arabia and Thailand; the weakest was China. The best performing sector was Industrials and Consumer Discretionary the weakest. Year to date the fund has returned 19.5% which is behind MSCI Emerging Markets.
Global Active Credit: June Monthly Commentary
2 minutes read timeMarkets continued to recover as geopolitical tensions eased. The US-Iran conflict de-escalated further after President Trump announced that an agreement was “now complete” and authorised an end to the naval blockade.
Multi-Asset: June Monthly Commentary
2 minutes read timeMarkets continued to be volatile in June but both equity and bond markets ended the month modestly higher.
Multi-Asset: Market Update June 2026
3 minutes read timeMarkets continued to be volatile in June but both equity and bond markets ended the month modestly higher.
Global Listed Infrastructure: June Monthly Commentary
2 minutes read timeThe global listed infrastructure sector was stronger over June with the reference benchmark index (FTSE Global Core Infrastructure 50/50 Index Net Tax USD) returning 1.17% over the month. Global equities were softer as measured by MSCI World, returning -0.80% in USD terms. US 10 year bond yields were stable with the yield ending the month at 4.42%.
G10 Macro Rates: June Monthly Commentary
< 1 minute read timeJune 2026 Strategy net performance was -0.32%, taking year-to-date performance to -0.66%. The month played out against a backdrop of heightened uncertainty around the robustness of the MOU resolution in the Middle East.
Multi-Asset – Investment Outlook – 2026: June Insights
5 minutes read timeMarkets and headlines often diverge, but today many market observers are perplexed by the ongoing gloomy headlines and the robustness of the stock market.
G10 Macro Rates: May Monthly Commentary
2 minutes read timeMay 2026 net performance was positive 0.41%. Another month gone by with no resolution to the Middle East conflict between the US, Israel and Iran.