Where we stand on factors

The coronavirus outbreak has altered market dynamics since late January – including in the space of equity style factors. One example, Quality has posted more muted gains after strong outperformance in late 2019. We stand by our tactical views on factors for now, including a modest overweight on quality. These are anchored by our expectation […]


Emergency financial support for those self isolating will be the biggest single issue to be addressed in this budget

The UK government began to talk seriously about coronavirus quarantine measures yesterday. I understand all the public health reasons for this. They are real, valid and wholly appropriate. And now here’s the problem: what happens to the quarantined person’s financial well being? We know that the average UK household has almost no savings. And we […]