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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
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
Jan 1, 20194 min read
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...
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Peter Elston
Jan 1, 20185 min read
A Review of 2017 and Outlook for 2018
All three of our funds have been blowing passive multi-asset funds out of the water based on volatility adjusted returns for five years...
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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, 20172 min read
Why we are Focusing on Good Value UK Mid-Caps
I must warn readers upfront that we at Seneca are value investors, and are thus naturally sceptical about growth investing in its...
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Peter Elston
Dec 1, 20164 min read
Value Investing is Not the Same Thing as Value Indices
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I’m thinking...
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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
Jul 31, 20163 min read
Secular Stagnation and the Natural Rate of Interest
One of the most interesting features of global financial markets over the last 20 years has been the inexorable decline in long-term real...
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Peter Elston
Jul 30, 20164 min read
Navigating a Low Growth World
While it is far from clear what its long term impact will be, Britain’s vote to leave the EU has shone a light on the growth problems in...
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Peter Elston
Jun 30, 20165 min read
Fund Performance Following the Brexit Vote
Since the referendum, our funds have slipped down the peer group rankings. This does not mean that their absolute performance has been...
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Peter Elston
May 31, 20162 min read
Strategic Asset Allocation (SAA) Review
We have just concluded our annual review of our funds’ strategic asset allocations. We have made some small changes to the underlying...
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Peter Elston
Dec 1, 20154 min read
A Review of 2015
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. As we approach...
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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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