Everything Ethical

Half 1 Macro: one year after Donald Trump’s inauguration and almost three weeks into 2026 global markets have digested a year of change and are now processing data from the retail focussed holiday period. In both cases longer term investors are watching for the full effects on the global economy after a turbulent year. In addition, the recent shift in global dynamics created by fresh events in Ira...

August has been a busy month with geopolitics front and centre. Company reports continued to feed through and overall its been a positive period, with equities touching all time highs but weakness creeping in. Fiscal discipline remains a cause for concern and the UK will likely see further tax changes to plug the 'black hole'.

The quarter ended with market turmoil as “liberation day” approached, with markets continuing their fall into the new quarter. Market gains were wiped out for 2025, and the last twelve months in many cases. Ethical portfolios benefited from the under exposure to the Magnificent Seven shares (such as Alphabet, Amazon, Apple etc), in addition to no exposure to the recently hyped defence sector, whic...

There has been a lot of noise and volatility in the last few days. The word “Correction” is back, and like last September, it is focused on the renowned Magnificent7 or M7, (Alphabet, Amazon, Apple, Meta, Microsoft, NVidia, Tesla) and the Artificial Intelligence sector in particular. With expectations of fiscal stimulus, US exceptionalism, i.e. the US was the only growth game in town, took hold in...

Markets across the globe have been hanging on every word and action of US President Donald Trump since he took office at the end of January. Uncertainty creates volatility, and this is exactly what the President has created in his words and actions. The new administration’s stance towards Ukraine has certainly caused concern and taken many people by surprise. It has created some unity within Europ...

A narrow rally focused on Artificial Intelligence (AI) has been enough to sustain the equity bull market rally over the last couple of years. However, January saw a threat emerge in the introduction of Chinas DeepSeek’s AI model, in what has been widely described as the ‘Sputnik moment’ in the global AI race (referring to the space race of the 20th century). Despite the wobble created from the AI...

A Federal Reserve rate cut buoyed markets with a broadening out in equity market returns. Chinese policy makers responded to continued weak growth with a number of policy measures to boost their economy, which added some optimism to global growth. This months stock pick is Haleon, the spin out of GSK with a a number of consumer health brands. This months ethical news covers renewables, no more UK...

This podcast will provide an overview of the core and satellite thematic allocation that makes up our newly launched Brighter World Model Portfolios. The portfolios, launched in December 2023, provide investors access to a core equity and bond allocation that provides some familiarity to traditional indices, albeit with a sufficiently robust screen in place. The additional satellite thematic alloc...

For professional clients. The mounting doubt over the health and outlook of the US economy that had begun to build in July accelerated into the early part of August. Interest cut expectations are building whilst many other major economies (except Japan) go down the path of rate cuts. Small and mid-cap companies were weaker in August versus larger-cap peers, as following the bout of volatility in i...

Big tech stocks were once more in the spotlight during the month of July, but for vastly different reasons as the unwinding of the big tech trade took hold. Alongside the growing scepticism towards technology investment in AI paying off anytime soon, markets have been moving amid mounting doubt over the health and outlook for the US economy. Meanwhile, politics continued to have an important role...

For professional clients only. Big Tech continued to climb higher, further raising questions over market breadth. In the second quarter, more sectors in the main US bourses were negative than were positive, whilst larger capitalised companies with strong balance sheets continue to outperform. Meanwhile, politics was front and centre in June, with elections in India and Europe, whilst the UK &...

For professional clients only. Equity markets bounced back in February. Whilst tech stocks advanced the rally was broader this time round. We heard from a number of underlying solar energy companies who shed some more positive light on the sector. Our ethical news covers a new vertical farm in Gloucestershire, evidence of climate change mounting, hydrogen progress in the Humber, free EV charging,...

For professional clients only: halfway through the first quarter, we are more optimistic despite the likely to-and-fro on interest expectations in the months ahead. Data will be the key driver but its providing a mixed picture at present. Despite this, interest rate cuts are expected, although we still feel cash management will remain important moving forward.

For professional clients only. With 2023 in the rear-view mirror, the last quarter gave us something positive to cheer as we moved into the new year. The long-awaited interest rate pivot finally materialised, and as expected, this led to a significant rally across all asset classes. With some interest rate stability, risks to inflation remain. Meanwhile, corporate and government debt will be in fo...

All opinions and estimates constitute our judgement as of the date of publication and do not constitute general or specific investment advice. As King & Shaxson Asset Management celebrates their 20th year anniversary, Wayne, Harry and Craig look back at the the drivers for starting the ethical business in 2002 and touch on some more recent topical points such as ESG data and 'Greenwash'.

For those of you who don’t know, King and Shaxson Asset management are a discretionary fund manager focusing on positive environmental and social investing for financial advisers and their clients. Having done this since 2002, under the leadership of Wayne Bishop, we wanted to take this thought leadership and make it easily accessible to our client base and beyond. So now on top of our monthly eve...