Industry news and views from Panacea and our partners.

Investment Commentary_

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BNP Paribas: View from the markets: Fair weather outlook


Increased US share issuance is a sign of equity market exuberance, with investors focused on the exceptional outlook for earnings.

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Aberdeen: Resilience by design: multi-asset portfolios for volatile markets


A look at the benefits of deliberate, long-term multi-asset portfolio construction.

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M&G: What is a safe haven now?


Are traditional safe haven assets still delivering? Explore how changing market conditions are reshaping where resilience can be found.

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Artemis UK Small Cap Spotlight: Bloomsbury Publishing


Portfolio manager Mark Niznik discusses what attracted them to invest in Bloomsbury Publishing.

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Aberdeen: The top emerging markets opportunities to watch right now


Read our Q&A with Matt Williams to discover our emerging markets income equity positioning.

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BNP Paribas: AI: A sustainability risk and opportunity for long-term investors


Investors can help determine whether artificial intelligence becomes a net positive for societies and the environment. How they allocate capital and engage with companies and policymakers can play a vital role in the eventual impact of AI.

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BNY: Building resilience through global short-dated high yield strategies


Insight Investment sees resilience in the global short-dated high yield bond market. Here’s why.

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Schroders: Our multi-asset investment views – May 2026


Stagflationary risks have increased following disruption in the Middle East, but resilient earnings momentum keeps us constructive on equities.

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Aberdeen: MyFolio – discipline through market uncertainty


The first quarter of 2026 presented a difficult backdrop for investors. A sharp rise in geopolitical risk, renewed pressure on energy markets and elevated policy uncertainty have combined to drive volatility across asset classes.

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Artemis UK Small Cap Spotlight: MoneySuperMarket


Portfolio manager William Tamworth discusses what attracted them to invest in MoneySuperMarket.

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BNY: Lonza and the next wave of healthcare solutions


Walter Scott’s John Rae assesses outsourced drugs manufacturer Lonza’s role in the healthcare ecosystem.

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The average worker supports 3 people with their income


Latest research from protection provider LV= explores financial resilience amongst the working population, examining what they’d turn to in the event of an income shock and how this compares to protection.

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Baillie Gifford: Chaos, culture and the next great US companies


The American public’s tastes and habits are splintering. How will this affect US growth companies? Baillie Gifford’s Dave Bujnowski explains. Capital at risk.

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Webinar: Artemis Global Emerging Markets Thursday 25 June 10am


Thursday 25 June 10am Join Raheel Altaf, manager of the Artemis SmartGARP Global Emerging Markets Equity strategy, to learn how the asset class combines low starting valuations, improving earnings momentum and stronger corporate balance sheets to offer a much more compelling risk reward profile than many investors assume.

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Rathbones Asset Management – Article: From cloud to concrete: the data centre boom meets the real world


Data centres are the beating heart of the digital economy – and the engine room behind the AI boom. But as these engines of the cloud multiply, communities are asking a simple question: who pays the price in water, electricity and quality of life? Sustainable investment analyst Neil Smith explores why local pushback is rising, and how some hyperscalers are trying to earn the trust it needs to keep building. Read more

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Rathbones Asset Management – Article: The most important company you've never heard of


When Will McIntosh-Whyte and David Coombs launched our Rathbone Greenbank Multi-Asset Portfolios five years ago, the mandate was clear: own companies that didn't just do well, but that also improved the world. ASML was there on day one.

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The hidden cost of sitting on the sidelines


When markets fall, moving to cash feels like the best option. But the evidence tells a different story.

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Rathbones Asset Management – Article: AI can do the work – but should it do the thinking?


As AI transforms the speed and breadth of market analysis, Rathbone Income Fund Manager Carl Stick asks an uncomfortable question: what happens when investors stop doing the thinking themselves?

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BNY: Global momentum in manufacturing


April PMIs (Purchasing Managers’ Indices) point to a meaningful improvement in global manufacturing momentum, with the U.S., Eurozone and Japan all posting stronger-than-expected and firmly expansionary results.

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Aberdeen: Rethinking cash allocations: ultra short-dated credit in an uncertain world


How these credit strategies can help investors make their money work harder.

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Schroders Equity Lens May 2026: your go-to guide to global equity markets


Earnings are soaring, and Taiwan’s index weight overtakes China’s.

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Aberdeen: APAC real estate market outlook Q2 2026


What are the prospects for APAC real estate amid market tensions?

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BNY: Tracking the margin uptrend


Rising margin expectations continue to support equities, underscoring the resilience of corporate profitability in the face of last year’s tariffs and this year’s Middle East war. The U.S. remains especially strong compared to peers, though first quarter earnings will be an important test.

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BNP Paribas: Talking Heads Podcast: US small caps – Reasons to be cheerful


US small-cap stocks had a strong start to 2026 with the Russell 2000 index significantly outperforming the S&P 500 large cap. Geoff Dailey, BNP Paribas Head of US Equities, tells Daniel Morris, Chief Market Strategist, that the main driver was the artificial intelligence theme.

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BNY: Time to buy tech?


Technology valuations have meaningfully declined over the past year, but the sector continues to stand out for its strong earnings growth and relative resilience. While near-term uncertainty remains, tech still appears well positioned as a key driver of broader market growth.

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Schroders: Geopolitical risk can’t be forecast but investors can control their instincts


Rather than focusing on daily headlines and social media posts, investors need to view geopolitical shifts in a broader context.

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Aberdeen: Real Assets: why space and time matter more than ever


Europe’s energy transition depends on resilient networks and flexibility.

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BNY: 3 equity market observations


Murdo MacLean shares Walter Scott’s perspective on three headwinds facing equity markets.

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Why Technical Expertise Alone Is No Longer Enough to Win Clients


As AI makes information more accessible and client expectations continue to evolve, one question is becoming harder to ignore: what are clients really paying for? If you’ve not yet listened to the first episode of Panacea Conversations, John Dashfield explores why communication, trust, emotional intelligence, and the quality of your first conversations may now be your greatest competitive advantage. If you’re focused on attracting better clients, improving conversions, and building deeper client relationships, this is a conversation worth hearing.

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SpaceX: Pre IPO Briefing Note – Scottish Mortgage


Given the materiality of the SpaceX position within the Scottish Mortgage portfolio, and in light of recent speculation and uncertainty surrounding a potential SpaceX IPO, this communication aims to provide shareholders with greater clarity and transparency.

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Artemis Webinar: Why now for High Yield


Tuesday 19 May 10am Join Artemis bond managers Jack Holmes and David Ennett as they discuss how short-dated high yield bonds are delivering attractive risk-adjusted returns – particularly valuable when markets face uncertainty – and why technicals point to spreads holding or tightening further.

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Pictet: National security and environmental risks: dual threat to portfolios


Risks from biodiversity loss, climate change and geopolitical conflict are converging to cause potential shocks to financial markets. Investors can no longer afford to ignore these dynamics.

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Schroders: Economic and Strategy Viewpoint - Q2 2026


Whatever the longer-term outcome in the Middle East, inflation is set to rise around the world. But interest rates are unlikely to follow.

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Pictet: Under new management: what bond investors should know about a Warsh-led Fed


Kevin Warsh is set to be confirmed as the new chairman of the US Federal Reserve. In this Q&A, Mickael Benhaim, head of fixed income investment strategy and solutions at Pictet Asset Management, explains what investors should expect from a Fed chief that has been publicly critical of how the US central bank conducts monetary policy.

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Aberdeen: Equities: quality investing — tested, questioned and still relevant


After one of its toughest periods in decades, quality investing has been put under the spotlight. We explore why quality has struggled, what’s changing, and why discipline, valuation and fundamentals still matter over the long term.

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Cura: Practical Protection Podcast: The Value of Lasting Powers of Attorney


The latest podcast is focused upon Lasting Powers of Attorney. I am not an expert in this area, but I am sharing what my personal experience was of having these in place for both of my parents, when tragedy struck.

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Aberdeen: Fixed Income: why short-dated bonds can build resilience in uncertain markets


Can short-dated bonds help portfolios stay resilient when uncertainty rises? Lower volatility, smaller drawdowns and income-led returns explain why investors should look again at short-dated fixed income.

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BNY: 3 Ways to rethink portfolios in today's volatile markets


Volatility has picked up as the conflict in the Middle East enters its second month. Higher oil prices are increasing inflation uncertainty and raising questions about global growth.

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BNP Paribas: Reassessing Europe: The case for a multi-asset total return approach


Following a prolonged period of being under the radar, Europe is increasingly coming back into global investors’ focus.

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Pictet: Ahead 2026


Discover the trends that will help shape the future of investments -our latest Ahead report brings you actionable insights from top investment minds and global thought leaders.

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