FundCalibre - Investing on the go

Laura Bottega, lead product specialist for the Morgan Stanley Global Brands fund, discusses the fund’s strong performance in the recent market sell-off. She tells us that companies are probably looking at two lost years of earnings and that a V-shaped recovery is unlikely: expectations are too high and the pandemic remains a risk. “We've never seen a vaccine being discovered and manufactured...

Mark Wright, co-manager of the VT Seneca Diversified Income fund, tells us about two new holdings the team scooped up in the recent market sell-off: Diversified Oil & Gas and Purplebricks. He also talks about some specialist property investments, which are producing more reliable income, and the increased exposure to gold and gold mining companies in the portfolio. Learn more on fundcalibre.co...

Nomura Global Dynamic Bond fund manager Dickie Hodges tells us why Russia and Egypt are better bets than the UK right now and explains why he thinks inflation may return in the second half of 2021. Dickie also tells us why corporate bonds became such an opportunity in March that he increased the funds weighting from 2% to 21% and why he felt the need to protect the fund from further stock market f...

At one point in March, some companies’ shares were valued at less than the cash they held on the balance sheet. Dr Niall O’Connor, manager of the Brooks Macdonald Defensive Capital fund, tells us about these miss-pricings, explains why our haircuts and holidays may get more expensive and, with UK equity dividends forecast to remain low until 2025, highlights where he is finding ‘safe yield’ opport...

Matthew Stanesby, co-manager of Close Managed Income, talks about dividend cuts being mainly concentrated in the UK and Europe and how holdings like JPM US Equity Income fund are therefore more secure. He tells us how the fund has increased its investment grade allocation via the Artemis Corporate Bond fund and why a specialist property trust that invest in car parks offer an alternative source of...

Marcus Phayre-Mudge, co-manager of TR Property Investment Trust and BMO European Real Estate Securities, tells us why rent collection has been better in Germany than the UK, discusses the future of office spaces and death of hot-desking post the pandemic, tells us why skyscrapers may have peaked and reassures investors about the resilience of the trust’s dividends. Learn more on fundcalibre.com Pl...

John Ions, CEO of Liontrust Asset Management, talks about running a fund management business through a stock market crash, how the company transitioned to 100% working from home and the technologies and change of working practices he believes will outlive the pandemic. John also discusses the successful UK equity franchise; how responsible investing is here to stay and outlines his plans for the c...

Kunjal Gala, co-manager of Hermes Global Emerging Markets SMID Equity talks to us about how some emerging markets – like Turkey, South Africa and Argentina - are going backwards in terms of economic development. He discusses how oil and metal producing Latin American and EMEA countries will find the move to a low carbon economy debilitating, how China wants to move up the value chain and how the p...

The stock market falls in February and March were so fast and so deep that Hugh Sergeant, manager of ES R&M UK Recovery fund, says this is the best opportunity to buy value stocks in his 30-year career – the key is simply to work out which companies can survive. In this podcast he tells us about new holdings he has bought including WH Smith, ASOS, Next and Autotrader, and reveals why he thinks...

“Successful investing is about managing risk and not being afraid to hold cash when you can’t find assets at the right price,” is the mantra of fund manager James Mahon. And it is very apt in today’s situation. Having been very cautiously positioned at the start of the year, as all assets were expensive, he spent March and April using cash to buy equities and bonds at much cheaper prices. James te...

“Governments and central banks have spent the last decade trying to avoid a recession – then along comes this pandemic,” says John Bennett, manager of Janus Henderson European Focus fund. “Usually you get bargains in a recession, but this one is different: it’s a Control-Alt-Delete recession and the global economy has been reset.” John discusses some of the winners (industrials) and losers (fast f...

“It felt like a ‘going out of business’ sale, where people were tripping over each other to buy the bargains. There were just so many good companies I bought 14 new names.” This is how Eric Moffett, manager of T. Rowe Price Asian Opportunities Equity, described the investment opportunities afforded by the markets falls in March. He also tells us why Europe’s changing attitude towards China is more...

Mark Sherlock, lead portfolio manager of the Hermes US SMID Equity fund, and his colleague Steve Chiavarone, discuss ditching oil-related companies and shopping malls and reinvesting in tech. They also talk about the possibility of the US bringing manufacturing home - and how smaller companies could be a big part of reconfigured supply chains… With one of lowest tax rates in the world, an educated...

Dr. Paul Jourdan, co-manager of the TB Amati UK Smaller Companies fund, talks to us about the disbelief and then panic that defined stock market behaviour in March as the global pandemic took hold. He discusses the wide variety of UK smaller companies that are actually benefiting from lockdown - from musical instrument retailers to conferencing services and insolvency firms – and gives his views o...

Having seen US larger companies - and the tech giants in particular - leading the recent stock market bounce, we ask Bob Kaynor, manager of the Schroder US Mid Cap fund, about the prospects for America’s medium-sized companies – the large-caps of tomorrow. He tells us about the investments he is making today, talks us through how different industries have performed in the sell-off, and explains th...

We launched the ‘Investing on the Go’ podcast in May 2019 – under very different circumstances. Our first interview was in a restaurant with James Thomson, manager of Rathbone Global Opportunities fund, just before he hosted a dinner for 40 people. Roll on 12 months and today we’re conducting virtual interviews via Zoom. From Brexit to Trade Wars, Climate Change to Robotics, we take a look back at...

Having just witnessed the most dramatic stock market falls in living history, Alessandro Dicorrado, co-manager of the Ninety One Global Special Situations fund, talks to us about taking advantage of the sell-off to buy good companies at very cheap prices. He discusses five types of value stock, why he thinks some companies in the travel, holiday and housebuilding sectors are good investments and t...

Speaking to us from the US, David Eiswert, manager of T. Rowe Price Global Focused Growth Equity fund, describes the current crisis as akin to a “natural disaster” or a “man vs nature” fight that warrants different responses to other crises. David believes that stock markets will bottom “when things stop getting worse” – not when there is an absence of risk, but when risk has diminished. Could tha...

The use of artificial intelligence (AI) is growing exponentially. From helping us trace, monitor and eventually medicate COVID-19, through to making online shopping and entertainment more personalised and enjoyable experiences. In this podcast, Chris Ford, manager of Smith & Williamson Artificial Intelligence fund, talks us through the applications of AI in our daily lives, how we can better g...

Manager Martin Cholwill has been investing in UK equities since the 1990s. In this podcast, he talks about the extent of potential dividend cuts, highlights the sectors and companies that could be more resilient than most, and gives his view on what the tumbling oil price means for companies like BP and Shell – two of the biggest dividend payers in the UK stock market. Learn more on fundcalibre.co...

Hugh Grieves, co-manager of LF Miton US Opportunities fund, takes us on a whistle-stop tour of the US. He talks to us about the potential impact of the huge government stimulus package; who he thinks will win the presidential election; why he thinks the stock market has bottomed; why it’s best to invest in smaller companies in the depth of a recession; and why it’s not necessarily the tech stocks...

Alexander Darwall has managed the European Opportunities Trust for the past 20 years. In this podcast, he talks to us about his (and the trust’s) recent move from Jupiter to his own investment company, Devon Equity Management, and his enthusiasm for the job. He also describes how he tries to find companies that can flourish in different economic conditions – companies whose products and services a...

How companies have responded to the Coronavirus pandemic could change the way we see them in future, according to David Harrison, manager of Rathbone Global Sustainability fund. David talks to us about how some firms have really thought about their employees, customers and communities, how some companies – from all sorts of sectors – have used spare production capacity to join the fight to save li...

All eyes have been on global stock markets in recent weeks, but bond markets have had a turbulent time too. In this podcast, Jeremy Smouha, who is on the investment board of GAM Star Credit Opportunities fund, tells us what has been happening in the world of fixed income, explains why he thinks bank bonds are the bargain of the century and tells us why some of the world’s strongest companies are t...

Mithran Sudhir, Vice President, client portfolio manager of Goldman Sachs India Equity Portfolio, tells us how India has grown from the 12th largest to the 5th largest economy in the world over the past decade. He talks us through some of the structural changes taking place, the hiccups that have occurred, and the opportunities in infrastructure and finance today. With total power generation havin...