Morningstar UK is a leading provider of independent investment information. Follow us for news, views and education on personal investing, saving for retirement, global markets and economics.
A Happy New Year to all our listeners and Welcome back to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we give you plenty to share in our Guide to Investing for 2019. Let’s start with some stock picks for the New year! Killik & Co's Rachel Winter shares her three stock picks for January 2019, A mix of value bets and dependable equities with Morningstar’s Senior International Editor, Emma Wall. Are you ready to Invest in 2019? State Street Global Advisors' Kevin Anderson says 2019 will be volatile - but there will also be opportunities for investors who are ready to pivot Our next guest, Psigma’s Chief Investment officer Tom Becket warns us that the upward rising markets of the past decade are over and that investors should prepare for a risky year ahead What Will Trigger an Emerging Market Rally in 2019? This year, markets were dominated by politics and in particular, the trade war. What can investors in Asian equities expect from 2019? Emma Wall speaks with Khiem Do - Head of Greater China Investments for Barings to find out. What Should ETF Investors Expect in 2019? Jackie Choy - Director of ETF Research, Morningstar Asia believes the focus should be on More exposure to mainland China shares, active ETFs and a focus on ESG Disciplined investors always urge others to buy on the dips - but not all stock market falls create buying opportunities. Our next Guest, Morningstar Investment Management‘s Dan Kemp explains Why a Share Price Slump Does Not Always Mean Buy Younger investors are urged to stay in the game when it comes to pension savings ahead of the auto-enrolment minimum contribution jump due this April. You’ll need to Play the Long Game says Morningstar’s Emma Wall to Win With Retirement Saving. And that’s the end of this edition. We hope you enjoyed this programme from everyone here at Morningstar UK, thanks for listening. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we analyse the impact of this week’s UK Budget Report and how to navigate falling global stock markets. Let’s start with the Budget. Whilst Phillip Hammond’s announcements of tax reductions and spending measures may boost Britain’s high street retailers, the positive impact on investors is likely to be limited says Morningstar Investment Management’s Dan Kemp. Now on to global markets. During times of uncertainty even the most experienced of fund managers get scared of volatile markets. Up next, Aberdeen Standard's Hugh Young explains his fears about a trade war are justified, but says investors should stay the course or they risk missing the recovery. Our next guest, Michele Hardeman, Head of Global Markets for Asia Pacific for State Street, explains to our Senior International Editor, Emma Wall, how falling emerging market currencies have impacted investor confidence. China shares have had their worst October in a decade, and the sell-off recently was the largest since January 2016 - is the fear warranted? And how does this impact the value of other emerging market countries? Morningstar Investment management’s Cyrique Bourbon is up next to explain So how do we go about finding value in troubled Emerging markets? Our next guest, T Rowe Price's Ernest Yeung says we should look for stocks which are uncorrelated to trade war fears and US central bank policies. FTSE and MSCI have announced plans to include more mainland China listed shares in their indices. Morningstar's Director of ETF Research in Asia, Jackie Choy, is up next to explain the impact this has for passive fund investors Most of the money in emerging market bond tracker funds and ETFs is linked to JP Morgan benchmarks, so the bank’s plans to include Gulf nations such Saudi Arabia, Kuwait, Qatar, United Arab Emirates and Bahrain from January 2019 will have an impact on investors tracking those indexes explains Morningstar’s Jose Garcia Zarate. What are thematic ETF’S and why should we be wary of them? Robotics, ESG, artificial intelligence - thematic ETFs are growing in popularity. But investors should look before they leap says Morningstar's Kenneth Lamont And that’s the end of this edition. We hope you enjoyed this programme from everyone here at Morningstar UK, thanks for listening. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we’re focusing on how politics can affect stock markets, from Brexit and emerging markets to Donald Trump’s trade policies. Let’s start with Brexit. Our first guest, - Michael Metcalfe, Head of Global Macro Strategy at State Street, likens a no deal or hard Brexit to a natural disaster that it will inflict serious damage on the UK economy. Donald Trump's tax reforms will cause inflation and this will cause interest rates to rise, but dwindling liquidity is a concern too, says Jeff Boswell, Manager, Investec Global Total Return Credit Fund. Continuing with president Trump, Somerset Capital's Ed Lam says you can't ignore political risk when investing in emerging markets, and so is favouring India and investing away from Trump's tariffs. Our next guest is Olufemi Mada, Senior investment Analyst for Morningstar investment Management who talks to us about why it has been a difficult 2018 for emerging market bonds. Specifically, he discusses how Turkey and Argentina are only a small proportion of the bond market - but their current problems have impacted returns across the asset class. Turkey and Argentina may be in trouble, but the contagion slump has gone too far says our next guest, Delphine Arrighi, Manager of the Old Mutual Emerging Market Debt Fund Is Rising Volatility the Start of the Great Correction? Our next guest, T Rowe Price's Chris Alderson explains why stock market performance is diverging - and what investors should expect next There are 5 megatrends shaping the future of investing according to our next guest Rob Powell, Thematic Investment Strategist at iShares. Let’s dive straight in to find out what they are and how these megatrends are shaping global economies and stock markets Looking for good value equities in the tech space? Ignore the FAANG stocks and consider these three lesser known companies says Killik & Co’s Rachel Winter And that’s the end of this edition. We hope you enjoyed this programme from everyone here at Morningstar UK, thanks for listening. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we’re focusing on the Impact a No Deal Brexit could have on the Markets. UK Brexit Secretary Dominic Raab and EU Chief Negotiator Michel Barnier are currently locked in crunch talks over the future of the Britain’s trade terms with the European Union. With Brussels admitting there is “no plan B” for a no-deal Brexit, the stakes couldn’t be higher. Should investors shun UK assets and seek shelter in US assets if there is a no deal Brexit. Or does the uncertainty create opportunities? Our first guest, Mike Coop from Morningstar Investment Management explains. What Impact Does Political Turmoil such as a no deal Brexit Have on Markets? Morningstar Investment Management's Dan Kemp is up next and considers how the latest Brexit fallout will affect portfolios. What Does Brexit Mean for Your Pension? Sterling weakness has been good for investors who own FTSE 100 stocks. But concerns are growing that Brexit is distracting politicians from other priorities. Senior International Editor for Morningstar, Emma Wall discusses this issue next. But if you are nervous about Brexit’s impact on UK stocks, there are plenty of global opportunities to choose from. In her latest monthly series Killik & Co's Rachel Winter shares three lesser known top stock picks within aerospace, fragrances and alternative energy. Does a Strong US Dollar Create Buying Opportunities in Asia? A strong US dollar and trade war rhetoric has meant Asian equities have suffered this year - but JPMorgan's Joanna Kwok says the outlook is positive Political crises, trade disputes and environmental disasters are leading investors to re-appraise their exposure to emerging markets assets and our very Dan Kemp returns to explain How to Successfully Navigate Emerging Market Investing Finally, our last guest today is Fidelity's Dhanajay Phadnis who explains to Emma that although Indian stocks look expensive, political reforms are creating sector-driven growth opportunities for investors. And that’s the end of this edition. We hope you enjoyed this programme from everyone here at Morningstar UK, thanks for listening. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we’re focusing on the potential US-China trade war, and how politics have impacted the Asian markets. President Trump has revealed plans for trade tariffs targeting Chinese tech and innovation. But should investors be more wary of China's response? Emma Wall, Senior international editor for Morningstar speaks with Catherine Yeung, Investment Director at Fidelity to find out more. A significant political event occurred this month when President Trump and North Korean leader Kim Jong-un met for the first time. But what does the agreement they signed mean for Asia’s economy? Our next guest Schroders' Jason Yu, says protectionism will increase market volatility but the fundamentals remain strong for Asia equities and so China shares Won't Be De-railed by Trump Tariffs It is now easier than ever to invest in companies based in mainland China, and China is investing in global projects of its own. Our next Guest, Rossen Djounov, Head of Asia for GAM explains How China is Opening its Doors to Global Investors Can China Stock Market Recover 20% Losses? Chinese stocks are officially in a bear market, having lost 20% year to date. What has caused the slump and will the market recover? We ask Andrew Swan, Manager of the BlackRock Asia Fund. Looking at the US, State Street’s Dwyfor Evans believes the US is a Bright Spot on the Investment Horizon as he explains to Emma about his outlook for the rest of 2018. During times of Political uncertainty, should we be holding more cash? Holding too much cash may be a bad idea over the long term, but right now it is a good defensive option says Andrew Lill, Chief Investment officer for Morningstar Investment Management Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we’re focusing on the UK and European markets, and how politics have impacted stock markets. UK stocks have fallen from favour as concerns build about Brexit. But our first guest James Henderson, manager of the Lowland Investment Trust welcomes the dip as it has provided opportunity for him to pick up income stocks cheap. Up next, JPM Claverhouse Trust manager Will Meadon says It is understandable that UK equities have fallen from favour but warns investors against ignoring them completely. Has Europe reached its peak, is this as good as it’s going to get? Sam Morse, manager of the Fidelity European Values fund is up next to discuss investment conditions in Europe, and where there is value left in the market. Our next guest is Olly Russ, Manager of the Liontrust European Enhanced Income Fund. Olly feels that Europe has never looked better and is in great shape so equity investors should make the most of it. Up next, Nomura’s Global Dynamic Bond fund manager, Richard Hodges, says that bond market investors should listen the guidance given by central banks to avoid the shock of interest rate rises Bond investors know inflation impacts returns. So our next guest, Hermes' Fraser Lundie is watching US jobs figures and the oil price closely to gain insight Next up we have Baring Emerging Europe Fund Manager Matthias Siller, who suggests investing in financial stocks to benefit from increasing wealth in Eastern Europe. Our final guest is Emily Fletcher, Co-Manager of the BlackRock Frontiers Fund who reveals which of the "Forgotten Forty" stock markets offers the best risk-reduced returns. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we’re at the Morningstar Investment conference speaking with investment experts about the latest trends in the market and where they are seeing risks and opportunities to look out for? Our first guest today is Sebastian Lyon, Founder of Troy Asset Management who warns investors that quantitative easing and low interest rates have propped up stocks and bond prices and so investors should be nervous about markets. With Sebastian urging caution, our next guest, Jupiter's James Clunie tells Emma Wall reasons to stay positive when stock markets look negative. stock markets look overvalued across the spectrum, but you can protect yourself against severe losses. Next up, Mark Costar of J O Hambro Capital Management tells Emma Wall that misallocation of capital and failure to embrace technology impact companies more than economics How do you profit from innovation? Is it just about investing in technology stocks? Interestingly, Our next guest, Guinness fund manager Ian Mortimer finds innovation through industrials and consumer stocks. A key theme at this year’s Morningstar Investment conference was Artificial Intelligence. What exactly is Artificial Intelligence And how can investors profit from the innovation in computer learning? Next up, Ian McKenna of the Finance & Technology Research Centre says Digitalising financial services can drive down costs and improve end investors' experience so it’s important that Financial advisors embrace technology What Will Happen to Politics Post-Brexit? Why was the Brexit vote such a shock to many? And will it spell the end or the beginning of populist politics? Professor Matthew Goodwin makes his predictions in our next interview. Will US Tax Reform Lead to Growth or Inflation? Will Donald Trump's proposed tax reform in the US prolong the economic cycle or cause inflation to jump? We ask JP Morgan’s Market strategist Karen Ward. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of investment news, views and analysis. This week we discuss the Chancellor’s Spring Statement, tips to legally reduce your tax bill in preparation for the end of the tax year, Trump’s Trade tariff and more! A few hours ahead of the Philip Hammond’s Spring statement Emma Wall, Senior International Editor for Morningstar spoke with Keith Wade, Chief Economist at Schroders to discuss the outlook for the UK economy. Chancellor Philip Hammond has delivered his inaugural Spring Statement with much of his speech a confirmation of policies announced in the Autumn Budget. Emma Wall gives us an overview next. Will Interest Rates Rise This Month? Emma Wall talks to JP Morgan's Mike Bell about the outlook for US jobs - and how that could impact interest rates on both sides of the pond Why US jobs figures a data point for economists across the world? With employment figures out from the US this month. Ranthbones, Ed Smith discusses how US employment data can determine whether bonds or equities will outperform Up next, Morningstar Investment Management's Dan Kemp speaks to Emma Wall about rising US bond yields and where he sees value for investors US President Donald Trump has proposed trade tariffs on aluminium and steel. What do they mean for global stock markets? Nick Watson, multi asset fund manager for Janus Henderson is up next to tell us more. Despite a significant stock market rally, Miton's David Jane says there are still investment opportunities in the US if you know how to find them Our final guest on this month’s podcast is Killik & Co's Rachel Winter Who gives investors three ways to maximise their ISA allowance and legally reduce their tax bill ahead of the new tax year. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. This week we discuss the somewhat volatile start the markets have had in 2018, what investors should do during these periods of uncertainty and what opportunities there are during these times. Let’s get straight into our main topic, Emma Wall, senior editor for Morningstar.co.uk and Killik & Co's Rachel Winter discuss why stock market volatility is a good thing, and how investors can take advantage of the fall by viewing it as a buying opportunity. Up next, Morningstar Investment Management's Dan Kemp urges investors to ignore the market noise and focus on their long-term goals. He offers 3 tips for riding out periods of stock market volatility. What are the Triggers for Stock Market Volatility? While it is near impossible to accurately predict stock market movements, there are warning signs investors can look for which could cause increased volatility says Tai Hui - Chief Asia Market Strategist, JP Morgan So how does one invest in a volatile market? Even though Global stock markets have made up the losses from earlier in the year, investors should prepare for increased volatility in 2018 warns our next guest, Thomas Poullaouec, Head of Multi Asset Solutions for T. Rowe Price. Up next, Morningstar Investment Management's Cyrique Bourbon examines the recent poor performance of UK equity income fund manager Neil Woodford. What should investors holding Woodfords fund do? Market volatility can spring up pockets of opportunity, Russia for example has the potential to significantly outperform other stock markets and is currently 40% cheaper than other emerging markets. Cyrique Bourbon stays with us on the podcast to explain more. Another opportunity worth looking at is India. The International Monetary Fund has predicted India will drive global growth in 2018, and Prime Minister Modi has made bold promises. What does it mean for investors? Joshua Crabb, Head of Asian Equities of Old Mutual Global Investors is our final guest on today’s podcast and speaks with Emma wall on whether India can live up to Modi’s Hype. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. This week we take a look at how the economy is fairing in 2017 and ask why you should care about environment, social and governance concerns when investing. Lets dive straight in to our interview with our first guest. Emma Wall, Senior Editor for Morningstar.co.uk speaks with Keith Wade, Chief Economist for Schroders, about the outlook for global economic growth and what threatens expansion. With construction data looking weak, and UK GDP forecasts downgraded, should you be worried about the impact of slow growth on your portfolio? To discuss we have up next Tim Graf, Head of Macro Strategy, EMEA for State Street. Economic growth may be downgraded and UK politics may be in turmoil but Britain's chief executives remain positive explains Phil Harris, Manager of the EdenTree UK Equity Growth Fund up next. The further markets climb the fewer gains there are to be had. Morningstar Investment Management's Mike Coop says investors should be cautious and prepare your portfolio for turbulence. When we make investments, financial return is of course very important to us but it is also important to consider the impact such investments may have on our world. Sustainable investing considers environmental, social and governance factors when going about trying to make financial gains. Environmental issues could be the impact a company has on the environment or how it’s trying to improve the environment with, for example, renewable energy. Social factors include how a company deals with issues such as how fairly it treats and pays its workers, whether partners and suppliers have similar values to their own and governance issues encompasses how well the whole organisation is run from a board level. Is the company accurate and transparent in its financial affairs? Is the company behaving fairly to its shareholders and allowing them to vote on important issues? Or is the company at risk to bribery and corruption? Many people have this belief that investing in this way will lead to inferior returns but Peter Michaelis, Head of Sustainable Investing for Liontrust is up next to tell us why this is not always the case and that investors do not have to choose between ethics and profits Can an ESG Fund Hold Energy and Tobacco Stocks? JP Morgan's Joanna Crompton is up next to explain her best in class approach to sustainable investing, and why all companies should be ESG compliable. Our final guest on todays podcast is ESG investor Camilla Ritchie who runs the 7IM Sustainable Balance Fund. Camilla explains why she is upping her exposure to cash and alternatives as stocks and bonds start to look expensive Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week we take a look at how the financial world is looking 10 years on from the global Financial Crisis. Tom Becket, Chief Investment Officer at Psigma is first up to chat with our senior editor Emma Wall about which Investments best survived the Financial Crisis. Where have investors made money over the past 10 years - and what should they consider when analysing returns and future gains? Emma Wall and Dan Kemp, Chief Investment officer for Morningstar Investment management are up next to discuss. What Will Cause the Next Recession? A decade on from the beginning of the global financial crisis, Emma Wall talks to Edward Smith, Head of Asset Allocation Research at Rathbones about what may cause the next downturn. Is Short Term Investing is Damaging Returns and Society. Former Investment Association chief and FCA consultant Daniel Godfrey believes short-termism is damaging returns and is launching a fund, the People's Trust, to prove it. How do you Make Money When Market Volatility Rises? Oyster Continental European Selection fund manager Mike Clements is discusses how he is preparing his portfolio for a rise in market volatility. As Bob Johnson, Director of Economic Analysis wraps up his time at Morningstar, he looks back at the global economy over the past decade and looks to when the next downturn may appear. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. This week we take a look at Emerging markets. Emerging market investing brings its own unique set of challenges such as corporate governance, state owned enterprises and stock markets which are more closely linked with economic health to name a few. In this month’s podcast we take a closer look at the opportunities and risks offered by these heterogenous group of countries, and whether you should be adding exposure to your portfolio. Lets begin with China, investor confidence in China has improved in 2017 – but does this mean the outlook has too? Charlie Awdry, manager of Janus Henderson China Opportunities has seen investor euphoria and hatred in his decade of running funds – he talks to our Senior editor for Morningstar.co.uk Emma Wall on what investors can expect next. How Does China Impact Emerging Market Investing? China is the largest economy in Asia - how much does the Chinese economy impact investing in the region? We talk to Gary Greenberg, Manager of the Hermes Global Emerging Markets Fund. What are the risks associated with investing with emerging market bonds? And what do they add to an investor’s portfolio? We talk next to Morningstar investment Management’s Tanguy De Lauzon on how best to add emerging market bonds to your portfolio Currency depreciation can have a very negative impact on the balance sheets of sovereign bonds, and of corporates. But if can create investment opportunities too. Joining us next is Claudia Calich, Manager of the M&G Emerging Markets Bond Fund to explain How Currency Impacts Emerging Market Bond Investing With economic growth in the eurozone, there is an increased demand for manufactured goods, materials and energy - all provided by Eastern Europe. Chris Colunga, Manager of the BlackRock Emerging Europe Trust is up next to discuss some interesting Emerging Europe opportunities. Why is Russia an attractive investment opportunity? There are many risks associated with investing in Russian equities - but these have made the market cheap and there are some very interesting stock opportunities explains Morningstar Investment Management’s Cyrique Bourbon up next. Staying with Russia, Liam Spillane, Head of Emerging Market Debt at Aviva Investors says that Russian bonds are no longer good value but that there are pockets of value to be had in other areas of emerging Europe. Finally, we return to Hermes Global Emerging Markets fund manager Gary Greenberg who picks three emerging market companies he thinks are good for growth Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week we take a look at record high stock markets and whether investors to be concerned about a global downturn. 10 years on from the pre-crisis FTSE 100 high, we examine how UK stocks have fared over the past decade - and what investors should expect next. Is the FTSE 100 Facing Another Market Crash? Tanguy De Lauzon from Morningstar Investment Management is up first to discuss this with our senior editor for Morningstar.co.uk Emma Wall. The Federal Reserve is expected to raise interest rates next month. Will this trigger a correction in US equities - a market which is looking increasingly expensive? Paul O'Conner, Head of Multi Asset at Janus Henderson is up next to discuss if a Fed rate rise means the us stock market will fall. Should you sell US stocks? Are US stocks overvalued? The S&P 500 clocked yet another all-time high last week. Jeremy Glaser, Editor for Morningstar.com is up next to question whether it’s time to take your gains from US equities. Concerned about a market correction? Morningstar Investment Management's Dan Kemp, Chief Investment Officer, EMEA at Morningstar Investment Management explains that you can you buy portfolio protection - but it won't be cheap. Absolute return investor Jonathan Gumpel, Manager at Brooks Macdonald Defensive Capital Fund draws comparisons between today's stock markets and those of 2007 - and warns investors not to take too much risk and that now might be the time to buy gold. Traditional pension portfolios move savers' cash into lower-risk assets as they approach retirement, but new research from 7IM suggests this default should be re-considered. Emma Wall is up next to talk about how to manage risk as you approach retirement. And that’s the end of this edition. We hope you enjoyed this programme from everyone here at Morningstar UK, thanks for listening. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week we bring you the highlights from our annual Morningstar Investment conference and more. Our conference is host to advisers, economists, fund managers and academics covering vital and topical issues impacting savers and investors. Let’s get started with our first guest on the podcast, Anna Stupnytska, global economist for Fidelity who warns that global growth and reflation trade has peaked. So should investors be concerned about a global downturn? Why are markets not reacting negatively to bad news? Stock markets hate uncertainty - or so we're taught. But the last year has seen considerable political uncertainty and markets have rallied. We speak to Newton's Iain Stewart, investment leader for newton Investment management to find out why. The textbooks tell us innovation is good for the economy - but as robotics and technology disrupt the status quo could your portfolio returns be impacted? James Dowey, chief economist and CIO of Neptune Investment Management is up next to discuss how tech innovation could damage your portfolio returns Up next, businesswomen, campaigner and co-founder of SCM Direct Gina Miller tells senior editor for Morningstar.co.uk Emma Wall why she went to court over the Brexit vote, and how the European Union will benefit from the UK leaving the EU. Gina Miller, who also founded the True and Fair Campaign against too-high fund fees is up again to tell us about her new campaign to encourage tactical voting in the upcoming General Election. If you think the UK is just divided into leavers and remainers? Think again, there are more complex political factors at play says YouGov's Joe Twyman up next. Interest rates are rising, but bond prices are falling. How do you find fixed income opportunities in an environment like this? We talk to Jupiter's Ariel Bezalel to find out more. Would You Rather £100,000 Now or £150,000 in 10 Years' Time? Can you overcome behavioural bias and wait a decade for a larger amount of money? Pension freedoms drawdown rates suggest not – and our survey we took on the streets on London confirms it. Fund fees have fallen in both the active and passive market in recent years, but the industry must be more transparent when it comes to cost says Dr. Jonathan Lipkin from The Investment Association up next. What are investors most concerned about? Morningstar spoke to advisers attending our Investment Conference to find out where they consider the best opportunities to be – and what is worrying their clients the most. And that’s the end of this edition. We hope you enjoyed this programme from everyone here at Morningstar UK, thanks for listening. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
At the Morningstar Investment Conference in London, Gina Miller tells Emma Wall why she is fighting for tactical Brexit voting in the upcoming UK General Election Morningstar Guest: Gina Miller, Founder SCM Direct Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Happy New Tax year and welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week we bring you a comprehensive guide to Planning for Retirement. The problem with investing for retirement is it seems a very long way off for so many of us. The State Pension age is now 67, with average life expectancy at 80 years. Seemingly more pressing financial obligations call out to be prioritised; children’s education, family holidays, DIY. But start investing for retirement early enough and the burden is far less; put off saving into a pension and the sacrifice you must make to meet the same financial goal is much greater. Let’s start with the podcast off with the basics, Emma Wall, Senior editor of Morningstar.co.uk explains what a pension is and why you should have one. Investing well is key to building up a sizeable pension pot. If done correctly investing can also help build you buy a property or pay for your children’s education. So, can you afford not to invest? Next up, Lets talk ISA’s. The Lifetime ISA launched last week at the beginning of the new 2017/18 tax year, offering a generous top up from the Government. But it is not the only way to get free cash from the State explains Emma Wall. Are you looking to access your pension pot for income but are still saving for retirement? Take note; the Money Purchase Annual Allowance is changing explains Nathan long, Senior pensions analyst and Hargreaves Lansdown up next. So you’ve decided Investing is for you and you want to get started. But how do you do it? How do you start to build and investment portfolio? Emma Wall is back to explain. What is Pension Drawdown? Multi-asset drawdown portfolios can provide a steady income stream in retirement. How should drawdown strategies be used - and can they compliment an annuity? Daniel Needham, President and Chief Investment Officer for Morningstar Investment Management is up next to explain. How do you de-risk a portfolio in retirement? Morningstar's Director of Personal Finance, Christine Benz offers a few options to investors looking to reduce risk but who are concerned about low-yielding expensive bonds. How does retirement spending affect withdrawal rates? Data shows that the withdrawal rate gets higher as spending decreases in retirement, explains financial planning expert Michael Kitces in our next interview. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week it’s a Morningstar Conference Special brought to you from Amsterdam. The Morningstar Institutional Conference is host to some of the best investors, academics and thought leaders and we are excited to share with you a packed podcast this week with Senior editor Emma Wall interviewing all of the key speakers at the conference. Lets start with Christopher Davis, Chairman of Davis Advisors who discusses an important question, when is the right time to buy stocks? Why we should we care about Environmental, social and governance issues also known as (ESG) when investing? Mats Andersson from the Global Challenges Foundation, talks to us about the why ESG is important and reveals the essential components and the fund providers who are getting it right. While Brexit remains in negotiation stages, the impact on the FTSE has already been felt. How can investors navigate the UK market as the political backdrop changes? Our next guest, Derek Stuart, Manager of the Artemis UK Special situations Fund is here to explain. Are European Stocks Overvalued? Isabel Levy, founder of Metropole Gestion is our next guest to explain how she uses fundamental industrial analysis to avoid value traps and identify the fair value of European equities Up next, Morningstar Senior Equity Analyst Jim Senegal explains 5 factors influencing the share price of financial stocks and how investors can interpret them for profit. Our next guest, Hilde Jenssen from Skagen Funds admits that emerging markets have disappointed investors over the past three years - but valuations are attractive and reforms are boosting returns. the Time maybe just Right to Invest in Emerging Markets. Franklin Templeton's Michael Hasenstab warns investors that there is little value left in bonds and so to not to be too complacent about rising interest rates as he predicts the bond bubble is set to burst. Which Funds are Worth Paying For? High active share funds - that is those managers who take off benchmark bets - outperform those low active share. So ban closet trackers from your portfolio suggests Finance professor Martijn Cremers. Our final guest from this years Morningstar’s Institutional conference is Professor Gerd Gigerenzer who says fund providers need to invest in education so that savers are better equipped to deal with risk - and can make better financial decisions. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. This week it’s ISA Ideas and Budget week. Lets start with Junior ISA’s. Junior ISAs allow you to save on behalf of under-18s tax efficiently. Just like an adult Isa, you can chose to shield cash, stocks or investment funds from HMRC, but unlike the adult Isa, investments cannot be cashed in at any time – the child must reach 18 before they have access to funds. We start our podcast today with Emma Wall, Senior Editor for Morningstar.co.uk and Adrian Lowcock, Investment Director for Architas who discuss Junior ISAs in more detail as well as give us 3 Fund Picks for your Junior ISA. As the ISA deadline looms, investors should consider their portfolio holistically and aim to have a portfolio that is well positioned to achieve their investment goals. Portfolio Manager for Morningstar Investment Management, Richard Whitehall is up next to discuss how to take this into consideration when rebalancing your portfolio. Chancellor Philip Hammond has delivered his first Budget report revealing higher taxes for self-employed and investors with more then £50,000 invested outside an ISA. So what does the Budget mean for you? Emma Wall and Cyrique Bourbon, Portfolio Manager for Morningstar Investment Management are up next to discuss just that. Where do Morningstar professionals invest their ISA cash? Morningstar Investment Management and Morningstar analysts work with stocks, funds, markets and ETFs every day - but where do these professionals invest for themselves? We asked them where they will be investing their ISA portfolio this tax year. Want to legally reduce your tax bill? Tilney's Head of Estate Planning Ian Dyall tells us how - and warns investors to make sure they balance their needs. Looking to reduce your tax bill and boost your portfolio returns? Emma Wall finishes off our podcast today explaining the benefits of ISAs and SIPPs - and outlines some alternative tax-efficient investments to consider. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week we’re looking at how investors can get the maximum income from their portfolio. This time last year the Federal Reserve was promising several interest rate hikes through 2016, and the Bank of England looked set to follow. But then the unexpected happened and Britain voted to leave the European Union, sending the pound plunging and the Bank into damage limitation mode. As a result, the Bank of England base rate was cut to and even lower record level of 0.25%. All hope is not lost however. The FTSE 100 yields an average of around 3.7%, despite rallying 15% in the last year, and the US, Europe and even emerging markets have well-covered dividends and investment grade bonds for the discerning income investor. Let’s kick things off with Emma Wall, Senior Editor for Morningstar .co.uk and Ariel Bezalel, Manager of the Jupiter Strategic Bond Fund as they discuss inflation and what this means for interest rates. If you’re new to investing then we’re here to help. Listen to our next piece where we find out exactly what a stock is and the risks and benefits to investing in them Up next, Fidelity Special Situations fund manager Alex Wright picks three undervalued stocks at an attractive price - which also pay out more than the rate of inflation Going back to basics, we now know what a stock is, but what exactly is a bond? If you’re new to bond investing or have held fixed income funds for some time and just need a refresher course then listen up for all the information you need. What Does Rising Inflation Mean for Bond Investors? Next up is Bronze Rated M&G bond fund manager Richard Woolnough explains how macro factors such as rising inflation influence his investment process Want to beat Inflation? Then maybe it’s time to consider equities says Invesco Perpetual's chief investment officer Nick Mustoe who urges income investors keen to beat the erosive effects of inflation to look for stocks with growing dividends Could You Live on £25 a Week? The average pension pot is just £25,000 - buying you a weekly income in retirement of just £25. David Aird, Managing Director at Investec is up next speaking to Emma Wall to discuss how to maximise your lifetime savings and make them go further Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the first podcast of 2017 from Morningstar UK, the leading provider of independent investment research. As it’s the start of the year lets take a look at what you can expect from global markets in 2017, starting with bonds. Emma Wall, senior editor for Morningstar speaks to Morningstar Investment Management's Mark Preskett who says gilt yields may fall in 2017 but bonds still have an important role to play in investor portfolios. Turning now to UK Equities we have Simon Brazier, manager of the Investec UK equity fund. Simon says investors should prepare for a year of volatility - but there are opportunities in domestically focused cyclical stocks. 2017 will be the year for several European Elections including in the Netherlands, France and Germany all of which could impact the market. Canada Life Investments' chief investment officer David Marchant considers the impact of these European elections on asset prices and investors. Political upset can cause market volatility - and investment opportunities. But perfect market timing is near impossible, so how can investors be sure to profit from the dips? We now go to Emma Wall who shares her insight on how to profit from the upcoming European elections. Some European equity managers struggled last year, as energy and financial stocks rallied. Muna Abu-Habsa, Director of Manager Research Ratings for Morningstar suggests funds that can adjust to these changing backdrops may be best positioned for 2017. Is President Donald Trump a threat to emerging market returns? Paul Jackson, Head of Research for Source ETF considers the outlook for the sector and where investors can find the best opportunities. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. It’s our final podcast of 2016 so what better way to finish the year off than to share our most popular content on Morningstar.co.uk - the top 10 of 2016. To get us started, at number 10 we have Old Mutual UK Alpha fund manager Richard Buxton giving his 3 stock tips. At number 9, Chris Rice from Sanditon Asset Management, who we interviewed in May this year at our Morningstar Investment Conference in London, warns viewers to hold cash and prepare for a market crash as he believes recession looms. It’s not surprising that one of the topics that have most concerned investors this year is Donald Trump’s victory in the US Presidential election. Coming in at number 8, Senior editor for Morningstar.co.uk Emma Wall and Dan Kemp, Chief investment Officer for Morningstar Investment Management brought us the breaking news on the election result and what it means for investors. Back in April we interviewed Alex Wright, Manager of the Fidelity Special Situations Fund who gave us 3 under-valued stock picks, including Lloyds Bank. His interview comes in at number 7. Brexit has been another key theme for investors in 2016 and it comes in here in 6th place. Dan Kemp brought us his interpretation of the news saying investors needed to keep cool heads amid the political and financial uncertainty. Coming at number 5 it’s another 3 stock picks interview, this time with Gold rated investor Job Curtis who gave us three income stocks for sustainable dividends back in June. At number 4 it’s Brexit again! This time Senior Editor Emma Wall describes how Britain's vote to leave the European Union seems to tie in with a feeling across the Western world – a rebellion against globalisation and those in power. At number 3 Paul Swinand, Equity Analyst for Morningstar talks us through how a variety of headwinds that hit the global luxury sector have started to ease off and that some luxury goods companies are starting to look attractive again. The popularity of ETF’s and tracker funds is soaring in the UK and our second most popular interview this year was that of Passive fund Analyst Kenneth Lamont explaining the key differences between an ETF and a tracker fund. So, now to reveal the top spot – what Morningstar.co.uk content will be crowned the most popular of 2016? And the winner is - ‘What is a Fund?’, part of our back to basics series designed to help new investors understand the investing world. And that’s it from the Morningstar podcast for 2016. It has been our pleasure to provide you all with news, views and education on personal investing this year. From everyone here at Morningstar UK, have a Merry Christmas and a very happy new year. We look forward to seeing you in 2017! Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
This week we’re going to take a look at the impact the US Election has had on the Global economy. Donald Trump has beaten Hillary Clinton to become the 45th US President. Stock markets globally have reacted by falling - Senior editor for Morningstar.co.uk Emma Wall and Chief Investment officer Dan Kemp discuss what should investors do. What can investors expect from stock markets as the results of the US election? And what have we learned from the Brexit vote shock to help protect our assets? Simon Molica from Morningstar investment Management is up next to discuss. How are professional investors reacting to the economic and political challenges of 2016, especially after Brexit and the US election have thrown up significant volatility. Fund Analyst Randal Goldsmith is up next to give us his insight on why it’s been a challenging environment for fund managers to make investment calls. What Will President Trump Mean for Bond Yields? Will the Fed raise US interest rates next month? And what will that mean for global bond markets? Charles McKenzie, Chief Investment Officer for Fixed Income for Fidelity discusses all this and more with Emma Wall up next. Concerns about president Elect, Donald Trump have clearly crossed the pond. Just hours before the start of the US election, we took to the streets of London to gather people’s views on the outcome – and how a new President of the United States may affect life in the UK. Think 2016 has been the year of political upsets? Europe faces a referendum and general elections galore in the next 12 months as well as extra low interest rates explains Will James, manager of the Standard Life European Equity Income Fund. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. This week we’re going to take a look at Passive investing. When Jack Bogle, founder of Vanguard Asset Management launched the first passive fund in 1975 he was called “un-American”. The financial industry was so against his plan to revolutionise the way that we invest, a campaign was mounted insinuating Bogle was unpatriotic and a fool. Fast forward three decades and new money invested in passive funds is growing at much faster pace than actively managed funds. In the US last month, investors pulled $18 billion out of active funds, but invested $49 billion into passive funds. The story is similar this side of the pond, the fastest growing part of the market is passively managed funds – and in particular those which are “smart”, or “strategic” and offer investors access to a certain slice of the market. But what exactly is a passive fund? And are they better than actively-manged funds in all circumstances? When should you opt for passive, and what role should an ETF play in your portfolio? Lets first go to Dan Kemp, Chief Investment Officer for Morningstar Investment Management who explains the benefits of using passive funds in an investment portfolio. Up next Christine Benz for Morningstar speaks with Vanguard founder Jack Bogle himself about how Investors need to look at how unnecessary fund costs are eating away at their investment gains. So What exactly is the Difference Between an ETF and a Tracker Fund? Morningstar Passive fund analyst Kenneth Lamont is up next to explain. ETF providers are very transparent when it comes to replication and will explicitly disclose whether an ETF is physical or synthetic in the kit and prospectus. But if you’re still confused our very own Passive Fund Expert and senior analyst Jose Garcia Zarate is here to clear things up about the differences between Physical and Synthetically Backed ETFs Did you know you can minimise the volatility of emerging markets through ETFs? Or focus on income? Or gain access to the whole market for a fee of just 0.2%? Senior editor for Morningstar Emma Wall and Passive fund Analyst Mornika Dutt are up next to discuss different ways to profit from an emerging market rally Lets go back to Christine Benz and Jack bogle who discuss the issue of risk and why Investors should not be tempted to take on too much of it in retirement. ETFs have grown in popularity as investors cotton on to the impact of cost on real returns - and now passive funds can be used to build a diversified a profitable portfolio. Senior editor Emma Wall discusses with Our final guest, Ursula Marchioni Chief Strategist for iShares on how to get the most out of ETF’s when using them I your portfolio. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
This week we’re going to take a look at where investors can find income paying assets. Since Britain’s vote to leave the European Union, the Bank of England has taken drastic steps to boost the UK economy. Interest rates have been cut for the first time in more than seven years to a new low of 0.25%. What do you think of the interest rate cut? We took to the streets to talk to savers and borrowers alike to ask whether they will be spending more now rates are even lower. Do you want your investments to pay you a regular income? Up next we ask Investec's John Stopford how to blend income-paying assets for a sustainable yield How Should You Invest After You Have Retired? Your investment income and growth requirements are different once you've stopped earning a regular wage. Anthony Gillham, Co-Head of Multi-Asset for Old Mutual is up next to discuss the issue. Bricks and mortar property funds can have liquidity problems - but investing in property stocks don't carry the same risks. Alex Ross, Manager of the Premier Pan European Property Share Fund explains how European Property Stocks are Offering Income Opportunities. Up next, our guest Tom Walker, Manager of the Martin Currie Global Portfolio Trust explains his unconcern with high valuations in US equities - saying that the strong economy and poor returns elsewhere actually make US stocks a compelling investment. Investors Should Ignore news about Brexit and Donald Trump when making investment decisions. Bronze Rated Crux European Special Situations fund manager Richard Pease urges investors to ignore politics and focus on individual stocks. The Bank of England may have chosen to keep rates at 0.25% earlier this month - but there may be further cuts to come as Britain's economy digests the impact of Brexit. Could Interest rates be cut again in November? Alexis Gray, European Economist for Fidelity is up next to discuss. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk
This week we’re going to take a look at interest rates. The Bank of England has cut interest rates to 0.25% - the first move in more than seven years. What does it mean for your investments? Let’s get started and kick off with Senior Emma Wall and Chief Investment Officer for EMEA’s Morningstar Investment Management, Dan Kemp who discuss the implications of this rate cut to investors Portfolios’ So interest rates have been cut by the Bank of England. But this is just the beginning of central bank action. What’s next? Head of quantitative research for fidelity, David Buckle is up next to explain. How do you Protect Your Portfolio Against Rising Inflation? Miton Multi-Asset fund manager David Jane explains the risks of investing in a rising inflation environment with Emma Wall and how he protects his portfolio. Up next, JO Hambro's Ben Leyland explains how quantitative easing has made quality stocks expensive - and warns investors they should prepare for a correction in the next 3 years. With a rising stock market and projected economic growth of 1% for 2017, were initial post-Brexit forecasts overly pessimistic? What impact has Brexit had on investors since? Tom Beckett, Chief Investment Officer for Psigma is up next to discuss. Falling Interest Rates are Hitting Your Pension Income. If you think annuity rates are bad now? Wait until the Bank of England cuts rates further next month. We consider what your retirement income options are in this current environment.
This week we’re going to take a look at how the financial market is shaping up after Britain voted to leave the European Union. Senior editor Emma Wall starts our podcast off by discussing what the professional investors have been buying now that we are heading for Brexit. How have retail investors reacted to Brexit? Morningstar's Jonathan Miller takes a look at fund flows and cautions investors against making any hasty decisions and in particular to not give up on UK Equities. Brexit brings with it impending market uncertainty, but this is nothing new, says Jupiter's John Chatfeild-Roberts. He urges investors to take a long-term view and stick to high quality companies with international exposure. Will the Property Freeze Affect Multi-Asset Funds? Millions of pounds has been gated in commercial property funds as liquidity issues have meant managers have had to restrict withdrawals. Will multi-asset be affected? Senior Fund analyst Randal Goldsmith discusses this issue with Emma Wall up next. In the weeks since Britain voted to leave the EU both stock markets and bond prices have divided - with some rallying significantly and others falling fast Portfolio Manager for Morningstar Investment Management, Richard Whitehall discusses how currency has boosted investments post-Brexit. Britain's vote to leave the European Union seems to tie in with a feeling across the Western world – a rebellion against globalisation and those in power. Emma Wall discusses this theory up next.
This week we’re focusing on Millennials, Fund Fees and Building Investor Trust. What do the Millennials expect from their financial future? When do they see themselves retiring, if ever - and would they ever pay for advice to help them achieve their money goals? Senior editor Emma Wall took the streets to find out first hand. It may be decades away, but smart Millennials should start planning for their retirement early - harness the power of compound interest to avoid pension poverty explains Emma Wall up next. Millennials are adopting lifetstyles mindful of their impact on society and the environment - and they want their investment portfolios to reflect this commitment too. San Lie, Director of Manager Research for Morningstar Benelux explains why Millennials are Leading the Way with Sustainable Investing. Can ESG Investing Mitigate Risk in Emerging Markets? James Donald, emerging markets fund manager at Lazard, explains why he only invests in companies which treat all shareholders in a fair and equal way and also some of the pitfalls investing in emerging markets. Don't Pay High Fees for a Low Active Share Fund. Most of the portfolio of a low Active Share fund, you can get at really low cost in an ETF, says Martijn Cremers, Professor of Finance for Notre Dame University up next. Has the city been behaving badly? Hermes chief executive Saker Nusseibeh believes Fund managers need to earn the trust of investors starting by caring about their clients and being honest about outcomes.
This week we’re focusing on how Brexit, Trump and a Global Recession could affect your portfolio. There are challenges ahead for the global economy but Old Mutual Global Investors' chief executive Richard Buxton feels Brexit is not one of them claiming Britain will not leave the EU. Let’s first hear from him and Senior editor Emma Wall who discussed this topic and the Morningstar investment conference in London. But what if Brexit does happen? Will UK investors still be able to access their UK domiciled funds in the event Britain leaves the EU? The Investment Association's Guy Sears is up next to dispel the myths. Global recession fears are unfounded - but markets remain challenging for investors, particularly in Emerging Markets says JP Morgan's Stephanie Flanders up next. What Happens to Markets if Trump Becomes President? Economic Consultant for Pioneer Investments Robert Wescott says it would be "scary" for the global economy if Donald Trump becomes President of the United States. Looking more closely at the Japanese economy. We have Gold-rated Japan equities investor Andrew Rose up next who says the yen needs to stabilise in order for the prospect of corporate profits to improve in Japan. Is it time to Hold Cash and Prepare for a Market Crash? The third longest bull market in US equities coupled with "extraordinary" intervention in financial asset markets by central banks spells recession says Sanditon's Chris Rice up next. When Does Market Volatility Matter to Your Investment Portfolio Long-term investors should embrace volatility, says Morningstar Investment Management's Dan Kemp - as it offers opportunities not risk.
This week we’re focusing on pensions and retirement. Lets start at the beginning shall we? What exactly is a Pension? What different types of pension are there and how do they work? Morningstar’s Senior Editor Emma Wall talks us through the basics. Redington's Lydia Fearn explains to us why it is critical to start saving for retirement as early as possible, to increase your payments when you get a pay rise and why the forthcoming Lifetime ISA is not a pensions alternative. So you’ve decided you want to start paying more attention to your pension and planning your retirement but how exactly do you save retirement? Senior Editor Emma Wall explains all. Are you starting a personal pension for the first time? We talk to top investor John Husselbee, Head of Multi-Asset for Liontrust to give his three fund picks across the sectors to consider for your SIPP. Thanks to pension freedoms you can now access 25% of your pension pot tax-free at 55 - and figures show many retirement savers are withdrawing their cash. But should you do the same? We discuss this and more with Richard Parkin, Head of Pensions for Fidelity. Looking for income producing assets? Be careful to look at the underlying portfolio of any income-paying fund as a low rate environment has forced many up the risk curve meaning Income Investing Has Become Significantly More Risky explains Morningstar’s Dan Kemp. Not all UK equity income funds are the same, it is important to match your requirements to the right manager. Senior Morningstar Analyst Peter Brunt highlights three very different funds for your post retirement portfolio.
This week we’re looking at ISAs. With less than one month left of this tax year time is running out for ISA and pension investors – or anyone looking to boost their savings and reduce their HMRC bill. Despite record low interest rates on savings and wages slow to rise, UK consumers are looking to the long term and diligently saving. But data reveals we are over-reliant on cash explains Morningstar Editor Emma Wall. Consumers like the more generous ISA allowances – but low interest rates and stretched finances are preventing some from saving. We took to the street and asked the public what they were planning to do with this year’s ISA allowance Ever wondered where the fund experts choose to invest their own money? We asked Morningstar's investment professionals - fund analysts and portfolio managers - where they would be investing their personal ISA allowance this year. Looking for ISA ideas? Don't buy quality stocks at any price, you could regret it when the market moves up or down warns Hermes Global Equity fund manager Lewis Grant up next. Silver Rated manager Jeremy Podger chooses stocks based on special circumstances, rather than market backdrop, meaning that they can grow regardless of the market cycle. He’s up next talking to Emma Wall and giving his top Stocks Picks. There are thousands of fund managers in the market, making it difficult for investors to choose between them. Morningstar’s editorial Assistant Karen Kwok reveals the 10 top performing fund managers of the past decade, how they fared after they reached the top and whether a star turn one year affected fund flows the next. Looking to reduce your tax bill and boost your portfolio returns? Emma Wall rounds off our podcast today by explaining the benefits of ISAs and SIPPs - and outline some alternative tax-efficient investments to consider.
This week we’re looking at Investing for Income. Is your portfolio earning you the best possible rate of income? Are you prepared for this year's interest rate rise? We tell you how to maximise yield and where to find dividend payers in our Guide to Income Investing. Thanks to the closed-end structure and careful stock selection Bankers Trust has grown its dividend for half a century. Morningstar Editor Emma Wall kicks us off with an insight into the success of this Trust with manager Alex Crooke. Where Can Income Investors Find Dividends Now? The outlook for dividend stocks is looking gloomy - but there are still opportunities out there for the income investor. Evenlode's Hugh Yarrow reveals what to avoid and where to look. Up next, George Boyd-Bowman manager of the Neptune Global Income Fund highlights for us 3 Global Stocks Offering Dividend Growth that could and should pay bigger dividends in the future. You should be aware of high yielding stocks - they may not be sustainable sources of income. Instead stick to companies with lots of cash and a stable outlook says Evenlode’s Ben Peters who gives us his 3 UK Income Stock Picks. Which Bonds Deserve a Place in Income Investors' Portfolios? With gilt yields falling - and inflation set to rise - should income investors still consider bonds as part of their portfolios? Morningstar's Dan Kemp says yes - but be selective. There have been a slew of multi-asset income fund launches recently - targeted at the post-retirement investor. But what do fund analysts think of the offerings? Morningstar FUND ANALYST Randal Goldsmith explains more.
This week we’re looking at investment ideas for 2016. For example, Mining stocks, banks, emerging markets and high yield credit all fared poorly last year but in our first interview, Psigma's Tom Becket explains to Morningstar Editor Emma Wall why these are the areas you should consider for your 2016 portfolio. After an exciting 2015 for Japan, does it still offer opportunities for growth in 2016? Morningstar's chief investment officer Dan Kemp reflects back on Japan’s performance last year and considers its prospects for the year ahead. Should You Invest in Bonds in 2016? As UK and US central banks raise interest rates this year, so too will bond yields - and the price of bonds will fall. Up next, Emma Wall discusses if there is any merit in holding fixed income in 2016? The U.S. economy is mostly insulated from a slowing China, but that doesn’t mean a smooth ride ahead for global stock markets. Bob Johnson, Director of Economic Analysis at Morningstar explains why China’s woes could cause global stock Market volatility. Commodity markets may be volatile but stock valuations are compelling when balanced with funds able to bet against other expensive equities explains Premier’s Multi-Asset Growth & Income Fund Manager Simon Evan-Cook.
This week we’re rounding up what was hot and was not in 2015. For example, did you know that Investors sold more bond funds than any other asset class throughout the year? Morningstar’s new editorial assistant Karen Kwok gives us the run down on what were investor’s favourite and what were their least popular funds in 2015. Which closed-end funds have Morningstar readers favoured throughout the year? Morningstar Editor Emma Wall and Senior Fund Analyst David Holder reveal the top three investment trusts of 2015 as voted for by you. Axa Distribution manager Richard Marwood called the end of the bond rally too early but says now we are poised for a rate rise and his portfolio is now perfectly positioned. Emma Wall had the opportunity to discuss with Richard on why being too cautious on bonds lost cash in 2015. It has been a good year for investment trusts; closed-end funds saw record inflows, new fund launches aimed at income investors and performance fees cut. We return to David Holder, Senior Analyst at Morningstar who tells us all. This year has been a landmark year for pension savers, auto-enrolment has created more pension savers than ever - with 20 million people now saving for retirement. And those at retirement have the freedom to invest how they wish says Emma Wall.
This week we’re focusing Investing in Asia. Asian equities can provide portfolio diversity – and boost long-term returns. But there are underlying geopolitical and corporate risks in the region. Morningstar’s Senior Investment consultant and Portfolio Manager Richard Whitehall starts us off by explaining the things you should consider before investing in Asia. Thanks to China's one child policy, its population is ageing - negatively impacting the economy. Will scrapping the policy be enough to kick start growth again? Hyung Jin Lee, Head of Asian Equities for Barings talks to Morningstar Editor Emma Wall to discuss if the change of policy is good news for investors. Investors should not write off China's state owned enterprises, they offer investors potential for profit despite their public sector status explains Fidelity's Dale Nicholls up next. After a very good run in 2014, the Indian stock market has disappointed year to date. But this creates buying opportunities as long as reforms take place. Henderson's Andrew Gillan explains why he still has a High Conviction in Indian Equities. Different economies in Asia have different risk and return profiles. What Does Investing in Asia Bring to Your Portfolio? Morningstar's Arthur Wu shares some tips to get the most from investing in the region. If your looking to add Asia exposure to your portfolio, whether investing in active or passive funds, then you should consider whether your risk appetite matches the risk profile of the investment explains Emma Wall.
This week we’re focusing on finding companies that reward shareholders with income. Income paying stocks can boost the value of your portfolio through total returns - and by choosing those equities that pay dividends you're often opting for high quality companies. Morningstar Editor, Emma Wall starts us off by explaining why you should consider income investing. UK equity income funds have performed very well since the global recession - buoyed by falling interest rates. But what happens now that rates are set to rise? Mark Wharrier, Manager of the BlackRock U.K. Income Fund gives us some tips on investing for income in a rising rate environment. Exchange traded funds which only invest in income-paying equities are the most popular in the strategic beta universe. Emma Wall and Morningstar’s Passive Fund Analyst Kenneth Lamont examine how to pick the best income-paying ETF’s for you. Looking for income-paying investments for your retirement portfolio? Up next Morningstar’s senior fund analyst David Holder picks three closed-end funds which are dividend heroes. Your portfolio requirements can change once you are retired – Emma Wall rounds off our podcast today by suggesting you take a suitably cautious stance when you are solely reliant on investment income.
Do you know your asset allocation from you elbow? Do you know the difference between a bond’s coupon and its yield? Prepare to impress your friends and family – and win pub quizzes based within the square mile. This month on the Morningstar Podcast we’re focusing on Financial Education, and we’re going back to basics. Morningstar Editor, Emma Wall starts us off by explaining the importance of taking control of your finances. Diversification is extremely important in an investment portfolio. Equities offer investors the chance for profit over the medium to long term, but fixed income has also fared well proving the need for both explains Morningstar’s Senior Fund analyst Jose Garcia Zarate So how do we go about blending assets to make a successful portfolio? It is not enough to pick fantastic investments - you have to blend them together in a complimentary way explains Head of Multi-Asset for Liontrust, John Husselbee. When Is it OK to Run Out of Money in Retirement? Capital preservation is important - especially at the beginning of your retirement. Emma Wall and JP Morgan’s Annabel Duncan discuss why you don't necessarily need to be afraid to let your assets dwindle. The idea of putting money away for a pension that is 20, 25, 30 years in the future can be very challenging for some people who prefer spending on tangible purchases in the here and now. Investment Consultant for Redington Freddie Ewer discusses how we need to start changing social norms to boost our income for retirement.
The Federal Reserve and the Bank of England have hinted that interest rates will rise later this year, and while this is good news for savers – it could spell bad news for bond investors. This month on the Morningstar Podcast we examine how investors are reacting to the risk of the bond bubble bursting, and whether they should be worried. Fixed income investors have benefitted from a bond rally lasting more than a decade - but after much warning the tide has turned, with both Gilts and corporate bonds losing cash this year. Morningstar Editor Emma Wall and Morningstar Portfolio Manager Emma Morgan discuss the latest developments in the Bond market. How can you prepare for an interest rate rise? Bond investors use duration to bet on rising or falling rates, but what exactly is duration? Morningstar’s Senior Passive Funds Analyst Jose Garcia Zarate is here to explain. Investors are losing confidence in bonds as safe haven assets, selling out of bond funds in favour of absolute return strategies and commercial property funds explains Morningstar’s Editor Emma Wall up next. 20 years ago bond yields were at 8%, now they are 3%. Gold-rated fixed income investor Ian Spreadbury talks to us about where the opportunities are in this low-growth market. Remember that the benefits of diversification are that when something goes up, something else is going down. The important thing is to keep the overall shape of the portfolio in balance explains Morningstar’s Chief investment officer Dan Kemp.
This month we focus on How to Invest in Emerging Markets. Emerging markets offer UK investors the potential for fantastic profits over the long term. But how do you define an Emerging market? Morningstar Editor Emma Wall takes us through the basics. Emerging market equities and fixed income investments can be risky but if you take a long term approach these economies can reward you with profit. Who exactly should be investing in Emerging Markets? We go back to Emma Wall who suggests that Investing in Emerging markets is for everyone. Should Investors Be More Worried About Greece or China? As Brussels finally releases much-needed cash to Greece, should investors stop worrying about the eurozone and instead turn their attention to what’s happening in the Chinese stock market? We spoke with Anna Stupnytska, Global Economist for Fidelity for her views on the current situation facing both emerging economies. Emerging markets investment legend Mark Mobius has stepped down as the lead manager on the Templeton Emerging Markets trust - so who is his replacement and will they be the new champion of emerging economies? Morningstar’s head of manager research UK, Jeremy Beckwith discusses this and more with Emma Wall next. Don't want to asset allocate yourself? Then leave it to the professionals. Morningstar Analyst Muna Abu-Habsa gives us three global equity funds derived from emerging market companies that pay a healthy income. The emerging markets you leave out of your portfolio can affect the performance as much as the ones you include. Premier's Simon Even-Cook explains the traps to avoid.
This month we focus on how to invest using active and passive funds. Fans of passive investment often cite the cost of active management as a negative factor. But smart investors should consider more than just the price of a fund. Morningstar Editor Emma Wall speaks with Chris Traulsen, Head of Research for Morningstar on what else to look out for when choosing a fund other than its price. Predicting how much a fund investment costs – whether it is active or passive – is near impossible says Emma Wall. Should flat fees become an option for the future? With passive funds often performing just as well as actively managed funds at a fraction of the cost, why pay for active management? Active management is critically important for a functioning economy - as well as investors, says Mark Burgess from Columbia Threadneedle. Especially when stock markets are expected to move sideways. Passive funds are precise tools that asset allocators can use to get exposure to different markets - although they are not risk free. So what are the benefits of passive investing? Emma Wall and Chief investment officer for Nutmeg, Shaun Port discuss this next. Want to invest in UK equities? Once you have decided on the asset allocation, now it is time to choose which strategy is best to gain exposure. European Website Manager for Morningstar, Holly Cook, talks us through some options. A healthy level of scepticism is required before appointing any active fund manager, and you should have a high degree of confidence that that manager can outperform any fees. Is balancing active and passive funds the way forward? Chief Investment officer for Morningstar’s Investment Management, Daniel Needham talks about using Active and Passive Strategies within a retirement portfolio.
This month we bring you the very best from our Investment Conference, featuring views from the brightest money minds around. First up, what the experts think of the different global investment regions. In the UK interest rates have been at a record low level for more than six years but it is looking increasingly likely that the Bank of England will raise rates within the next year. Morningstar Editor Emma Wall speaks with J O Hambro’s Clive Beagles about Which Income Stocks Will Benefit from an Interest Rate Rise. Lets now get an update from across the channel. Henderson European equity investor John Bennett speaks with Emma about how euro weakness is good for stock markets and that if the euro strengthens it will quickly halt any outperformance. Is it Time to Sell US Equites? Federal Reserve chief Janet Yellen has said that US equities look fully valued and interest rates are due to rise imminently. Emma Wall and US Equity Fund manager for Artemis Cormac Weldon discuss if investors should be curbing their US exposure. For an Emerging markets update, we were extremely pleased to have Dr. Mark Mobius of Franklin Templeton speak to us at the Morningstar Investment Conference. Dr Mobius tells investors not to be put off by negative headlines and that Africa Offers the Best Emerging Opportunities. Retirement was a key theme at the M* investment con¬ference this month. Many investors are confident they're saving enough for retirement. When it comes to an income in retirement we found the public prefer income drawdown strategies to an annuity. Conversely on the other side of the Atlantic, American investors are turning to annuities to provide a steady stream of income in retirement. We get a view from Morningstar’s own Matthew Radgowski, on What Pension Savers Can Learn from US Investors.
This month on the podcast we focus on how to secure the best income in retirement. Thanks to medical and social advancements we are all living longer – meaning that our pension pot has to stretch even further. To help you maximise your income potential in retirement, Morningstar Editor Emma Wall outlines the basics of saving for retirement. As of April 6, we are now living in a world of pensions freedom. What do the changes to pensions actually mean for you? Just because you annuity purchase is no longer compulsory, Emma Wall says this does not mean you should dismiss them entirely. Boost your State Pension pay-outs, increase the income from your workplace pension and make your SIPP work harder; Alan Higham and Emma wall discuss how to maximise your retirement income. The world of retirement is changing - fewer people stop work entirely and pension income needs to last longer. So what should you be considering when investing once you are in retirement? Emma Wall is joined by Morningstar’s Dan Kemp, to discuss how to invest a post-retirement portfolio. Multi-asset drawdown portfolios can provide a steady income stream in retirement. How should drawdown strategies be used - and can they complement an annuity? Daniel Needham, Morningstar’s Global Chief Investment Officer for Investment Management discusses this very issue.
This month on the podcast we focus on ISA’s. The annual £15,000 tax-free ISA allowance has to be used by midnight on April 5, or investors will lose it forever. Morningstar Editor Emma Wall and Fidelity’s investment director Tom Stevenson outline some top tips for choosing your ISA funds. Looking for core holding ideas for your ISA, Junior ISA or SIPP? Emma talks with Morningstar passive Analyst Kenneth Lamont about three equity ETFs which are suitable for a portfolio with a long term horizon. Stock markets in the US and the UK have benefitted from significant gains, bond markets look overvalued and political issues threaten emerging markets. So where should you invest? Shaun Port, Chief investment Officer for Nutmeg discusses this very issue. Have you used up your ISA allowance? Don't add to the £1.3 billion of cash ISA allowances that are left unused every year – Emma takes a look at the best accounts on the market.
This month we focus on the UK and European economies. Three key forces have ensured strong growth from most European markets so far this year, but structural flaws still need to be addressed. Holly Cook and Morningstar’s senior analyst Jose Garcia Zarate discuss this very issue and more. Turning to the UK specifically, Morningstar took to the streets to find out from the public what their views were on how well they feel the UK economy is doing. So sentiment about the UK economy is still fairly confident but of course there are some concerns about rising property prices. We return to Holly Cook and Jose Garcia Zarate who discuss the UK economy in more detail. Also Morningstar editor Emma Wall about how the falling oil price has pushed down inflation in the UK. Finally Emma wraps up our podcast with an interview with Michael Hulme, manager of the Carmignac Portfolio Commodities Fund on his predictions concerning the current economic trends and how they may affect oil and gold prices.
This month, we focus on retirement saving. Do you think you have saved enough to fund your retirement? We hit the streets of London to find out whether the public had made proper pension provision. Some people are more prepared for retirement than others. We then hear from Morningstar editor Emma Wall who explains how recent government initiatives have helped boost pension engagement. How many of us plan to take advantage of these new rules and take all our pension in cash in retirement? We then went back to the public to find out your views. Finally Emma Wall wraps up our podcast with an interview with Tony Stenning, Head of UK Retail for BlackRock on his views on how to maximise your retirement income for those of us still saving for that rainy day.
© 2020-2025 Ivy Podcast Discovery LLC
