The latest from HGi

Digging it: student accommodation

NEW
Ainslie McLennanClick for moreClick to follow:Ainslie McLennan
254 Following
5 hours ago
UKClick for moreClick to follow:UK
428 Following
 
PropertyClick for moreClick to follow:Property
215 Following

Ainslie McLennan, Co-Manager of the Henderson UK Property Unit Trust, explains the attraction of student accommodation as an investment in the ‘alternative’ sector of the UK commercial property market.

The global productivity dilemma

3 days ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
EconomyClick for moreClick to follow:Economy 
EquitiesClick for moreClick to follow:Equities

It is generally accepted that the global economy has a productivity problem, part of which is reflected in debt growing faster than gross domestic product (GDP). With fossil fuels disproportionately important to the productivity of economies, can a sustainable investment approach make a contribution to improving productivity?

UK growth should stay strong in H2

Simon WardClick for moreClick to follow:Simon Ward
268 Following
1 week ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
UKClick for moreClick to follow:UK
428 Following

“Forecasters’ droop” is the tendency of economists to predict that a stronger-than-expected data series will fall back to “trend”, despite a lack of catalysts for such a development. The MPC appears to have contracted the disease, judging from the expectation reported in the July minutes of “GDP growing by 0.9% in Q2, before slowing modestly into the third and fourth quarters”.

China serves up a summer surprise

Charlie AwdryClick for moreClick to follow:Charlie Awdry
194 Following
1 week ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
Economic updateClick for moreClick to follow:Economic update 
Emerging MarketsClick for moreClick to follow:Emerging Markets
219 Following
Charlie Awdry, Fund Manager of the Henderson China Opportunities Fund examines the current dynamics in China, which relate to improving macroeconomic data, as well as indications that economic and political reforms are beginning to bear fruit.

Will the UK become a high-tax economy?

Simon WardClick for moreClick to follow:Simon Ward
268 Following
1 week ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following

UK whole-economy output has now surpassed its level in the 2007-08 financial year yet the budget deficit remains huge – a projected 5.5% of GDP on an underlying basis* in 2014-15, according to the Office for Budget Responsibility (OBR), compared with 2.6% in 2007-08. Why hasn’t economic recovery delivered commensurate fiscal improvement?

Equities versus cash investment rules: an update

Simon WardClick for moreClick to follow:Simon Ward
268 Following
1 week ago
EquitiesClick for moreClick to follow:Equities

Previous posts have described two simple investment rules for switching between global equities and US dollar cash. The rules still favoured equities at the time of the last update in October 2013.

Why the "new normal" for UK Bank rate may be 4% not 2.5%

Simon WardClick for moreClick to follow:Simon Ward
268 Following
1 week ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following

Bank of England Governor Mark Carney has suggested that a “normal” level of Bank rate is now about 2.5% versus 5% before the financial crisis. This suggestion is defensible based on the recent spread between bank interest rates and Bank rate – this has been much higher than before the crisis, requiring Bank rate to be lower to compensate.

World Cup economics – a Latin American take

Nicholas CowleyClick for moreClick to follow:Nicholas Cowley
182 Following
1 week ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
EquitiesClick for moreClick to follow:Equities 
GlobalClick for moreClick to follow:Global
336 Following

With the dust settling on the 2014 World Cup, we thought it would be an opportune time to contrast the performances of some of the teams in South America with the outlook for their stock markets.

Time to heal

John BennettClick for moreClick to follow:John Bennett
311 Following
2 weeks ago
CorrelationClick for moreClick to follow:Correlation 
EuropeClick for moreClick to follow:Europe
381 Following
 
EquitiesClick for moreClick to follow:Equities
317 Following

As Europe continues to recover, the market focus is shifting and correlation falling

Property’s long-term credentials

Marcus Langlands PearseClick for moreClick to follow:Marcus Langlands Pearse
135 Following
2 weeks ago
YieldsClick for moreClick to follow:Yields 
UKClick for moreClick to follow:UK
428 Following
 
PropertyClick for moreClick to follow:Property
215 Following

Property's long-term credentials: Andrew Friend and Marcus Langlands Pearse on UK commercial property investment

Impatient performance

Bill McQuakerClick for moreClick to follow:Bill McQuaker
351 Following
 
John BennettClick for moreClick to follow:John Bennett
311 Following
 
Richard PeaseClick for moreClick to follow:Richard Pease
216 Following
2 weeks ago
EquitiesClick for moreClick to follow:Equities 
PerformanceClick for moreClick to follow:Performance 
GlobalClick for moreClick to follow:Global
336 Following

The removal of David Moyes, erstwhile manager of Manchester United football club, after only 10 months is symptomatic of an impatient modern culture - one in which instant results are demanded. Does the asset management industry suffer similar short-termism?

Why Eurozone economic news should improve

Simon WardClick for moreClick to follow:Simon Ward
268 Following
2 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
UKClick for moreClick to follow:UK
428 Following
 
USClick for moreClick to follow:US
224 Following

The Citi Eurozone economic surprise index has been negative since the spring but the balance of news may now improve, based on an expected revival in global activity and respectable narrow money trends. Growth, however, will probably lag other regions.

Long-haul investing

2 weeks ago
EquitiesClick for moreClick to follow:Equities 
GlobalClick for moreClick to follow:Global
336 Following

Five fund managers on some of the longer-term opportunities they have identified in the fixed-income and equity markets.

UK inflation firming on schedule

Simon WardClick for moreClick to follow:Simon Ward
268 Following
2 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
UKClick for moreClick to follow:UK
428 Following

Previous posts extending back to last summer argued that the trend in UK inflation would shift from down to up in spring 2014 in lagged response to faster monetary growth and associated economic strength. The higher-than-expected June number reported today is consistent with the forecast but recent volatility suggests waiting for July data before concluding that the trend has turned.

Global Snapshot - July 2014

2 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
GlobalClick for moreClick to follow:Global
336 Following

The latest issue of the Global Snapshot provides a round-up of the main developments in economics, bonds, currencies and equity markets in July 2014. Plus Simon Ward, Henderson’s Chief Economist’s latest views.

Chinese money trends signalling solid H2 economy

Simon WardClick for moreClick to follow:Simon Ward
268 Following
2 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
UKClick for moreClick to follow:UK
428 Following

Chinese monetary statistics for June suggest that economic growth will rise through end-2014.

Testing times for alpha generation maybe, but opportunities still present

Stephen ThariyanClick for moreClick to follow:Stephen Thariyan
243 Following
3 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
GlobalClick for moreClick to follow:Global
336 Following
 
UKClick for moreClick to follow:UK
428 Following
Stephen Thariyan, Global Head of Credit at Henderson, discusses the performance of sterling credit portfolios in Q2 2014, while also sharing his views on the outlook for credit for the rest of the year.

Japanese economic outlook still weak, based on money trends

Simon WardClick for moreClick to follow:Simon Ward
268 Following
3 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following

Recent Japanese economic news has mostly disappointed. Real consumer spending recovered by only 1.3% in May after an 8.1% drop in April. Core machinery orders plunged 17.4%, to a 15-month low. Export volumes were down 2.2%, still failing to benefit from a lower yen.

Should investors chase frontier markets?

Simon WardClick for moreClick to follow:Simon Ward
268 Following
3 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
Emerging MarketsClick for moreClick to follow:Emerging Markets
219 Following
 
GlobalClick for moreClick to follow:Global
336 Following

The MSCI frontier markets index has risen by 17.4% in US dollar terms year-to-date, far outpacing gains of 6.2% and 6.0% respectively for MSCI’s developed and emerging markets indices. Is this a reflection of the fundamental attraction of these markets or more evidence that QE is driving excessive risk-taking?

A healthy first half for the retail credit funds at Henderson

John PattulloClick for moreClick to follow:John Pattullo
281 Following
3 weeks ago
Economics & marketsClick for moreClick to follow:Economics & markets
518 Following
 
EuropeClick for moreClick to follow:Europe
381 Following
 
GlobalClick for moreClick to follow:Global
336 Following
John Pattullo Head of Retail Fixed Income at Henderson Global Investors looks back at the first half of 2014. He examines the performance of the fixed income markets and that of Henderson’s retail fixed income funds, while sharing his expectations for the rest of the year.


Welcome to HGi

To get the most from HGi, click the “follow” icons to create your profile and start following experts, topics, and funds.



Other ways to subscribe

Follow us on Twitter

Subscribe via RSS