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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Humility and Hubris
A few years ago, I attended a talk by a professional sports bettor. The aim of the talk was to explain the differencebetween professional...
Peter Elston
Jan 1, 20203 min read
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Review of 2018 Fund Performance
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. As it’s the...
Peter Elston
Jan 1, 20194 min read
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Investment Markets are There to Make you Look Stupid
When you make a decision to buy something, whether a stock, a fund, an ETF or a passive fund, you impose on yourself a second decision,...
Peter Elston
May 1, 20183 min read
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My Framework for Tactical Asset Allocation
My framework for tactical asset allocation is based on business cycle analysis and the documented findings that asset classes tend to...
Peter Elston
Feb 1, 20184 min read
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Tactical Asset Allocation Framework
My first piece about asset allocation set out my framework for both strategic asset allocation and tactical asset allocation, as well as...
Peter Elston
Feb 1, 20183 min read
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Professional Adviser: Loud and Clear
My note: this piece was written by Julian Marr and captures nicely many of my beliefs about multi-asset investing and investing more...
Peter Elston
Dec 29, 20176 min read
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Applying a Value-Oriented Approach to Asset Allocation
We employ two types of asset allocation: strategic and tactical. The strategic asset allocation for a particular fund represents the...
Peter Elston
Oct 1, 20173 min read
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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...
Peter Elston
Oct 1, 20176 min read
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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,...
Peter Elston
Sep 1, 20173 min read
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More Great News
Following the announcement about two awards in my last letter, this month we have been shortlisted for another one. This time, our...
Peter Elston
Sep 1, 20171 min read
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An Attack on Poor Active Management
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I abhor poor...
Peter Elston
Aug 1, 20174 min read
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Awards Announcement
We have been shortlisted for two awards – Multi-Asset Manager of the Year and Investment Boutique of the Year. I am very proud of my...
Peter Elston
Aug 1, 20171 min read
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Preparing for the Next Downturn
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. The whole point...
Peter Elston
Jul 1, 20174 min read
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Value Investing, Whatever the Fashion
This article is about the new investment process that was introduced while I was chief investment officer at Seneca Investment Managers,...
Peter Elston
Mar 1, 20173 min read
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A Review of my 2016 Investment Outlook
This time last year I wrote, “We believe on balance that the world will continue to grow in 2016, that equity market valuations by and...
Peter Elston
Jan 1, 20172 min read
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Introduction of New Investment Process – One Year On
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Our new...
Peter Elston
May 1, 20169 min read
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The Seven Deadly Sins of Multi-Asset Investing
Investing is an activity that’s rife with opportunity to fall into bad habits, be led astray or make decisions for the wrong reasons....
Peter Elston
Feb 1, 20146 min read
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Learning the language: Terms and Taxonomy of Multi-Asset Funds
Just like in any industry, the world of investing has its own particular terminology and taxonomy. Nowhere is this more apparent than in...
Peter Elston
Sep 1, 20134 min read
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Intelligent Investing
Intelligent investing is not necessarily easy, but that doesn’t mean it has to be complex. There are significant returns to be made if...
Peter Elston
Sep 1, 20137 min read
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Multi-Asset Funds: The Great All-Rounders
In this article I take us a step further and show how to choose a multi-asset fund, explain the importance of asset allocation, and look...
Peter Elston
Sep 1, 20138 min read
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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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