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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Mar 31, 20213 min read
An Open and Shut Case
Closed-ended funds – investment trusts – are wonderful structures. So, too, are open-ended funds – OEICs, short for open-ended investment...
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Peter Elston
Dec 1, 20193 min read
The Liquid Illiquid Solution
There is little doubt that low interest rates have been causing savers and investors difficulties in recent years. In decades past, not...
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Peter Elston
Apr 30, 20195 min read
Long-term Returns and the Dangers of Complacency
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Recently I was...
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Peter Elston
Mar 31, 20194 min read
A Diversified Approach to Income Can Pay Dividends
Income continues to be the principal concern for many investors in the UK - both in the run-up to and throughout retirement. Reinvested...
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Peter Elston
Sep 30, 20176 min read
Five Points about Active Management in the Multi-Asset Space
I was presenting a slide deck entitled ‘The Art and Science of Multi-Asset Investing’ at five venues across the country recently, as part...
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Peter Elston
Aug 31, 20173 min read
Multi-Asset Value Investing
This article is about the new investment process that was introduced while I was chief investment officer at Seneca Investment Managers,...
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Peter Elston
Mar 1, 20175 min read
Preparing for the Impending End of the Bond Bull Market
I know I bang on about this, but value investing is about so much more than buying low price-to-earnings or low price-to-book stocks....
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Peter Elston
Nov 1, 20164 min read
US Election – a Dangerous Distraction
As I write this Donald Trump has just been declared president and I congratulate him on playing a blinder of a hand. Let’s hope he can...
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Peter Elston
Aug 31, 20163 min read
How Risky are Specialist Funds?
So far in this series of quarterly blog posts on the subject of investment risk, I have covered risk in general, the risks of equities...
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Peter Elston
Aug 1, 20164 min read
Navigating a Low Growth Future
For savers, the combination of lower investment returns and rising longevity is a toxic combination. In days gone by one may have only...
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Peter Elston
Mar 31, 20161 min read
What does Proper Portfolio Diversification Look Like?
It’s a tricky question, because safe haven assets such as developed market government bonds are expensive, so owning them relies on them...
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Peter Elston
Mar 31, 20165 min read
The Relevance of Multi-Asset Investing
We all know that the difference between a comfortable retirement and an uncomfortable one is almost too huge to contemplate. And yet you...
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Peter Elston
Feb 1, 20162 min read
Specialist Investment Vehicles hold Key to 'Decent Yields'
If you buy the 30-year inflation protected gilt today and hold it to maturity you are guaranteed to lose 24% of your real capital. Where...
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Peter Elston
Feb 1, 20162 min read
Introducing 'Specialist Investments'
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We have decided...
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Peter Elston
Sep 30, 20136 min read
The New Economy: Flexibility is Key
Real returns from equities since 2000 have been very disappointing. Looking forward, we are more likely to see the potential for poor...
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Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets
Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way
Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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