Industry news and views from Panacea and our partners.

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BNP Paribas: Diversifying US equity exposures through small-cap companies


Investing in US companies with a small market capitalisation can provide distinct benefits over exposure to large and mid-caps: small caps are often at the forefront of innovation and in early stages of the growth cycle.

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BNP Paribas: Multi-Asset Views – It’s a wild world (but a wide world)


These are the core investment decisions from this month’s report on our multi-asset investment views, by Laurent Clavel, Global Head of Multi-Asset, AXA IM Core, part of BNP Paribas AM.

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Aberdeen: Year of the Horse: China finds its stride


Trade strength, AI ‘plumbing’, and a firmer RMB are reshaping the winners’ circle.

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Artemis: Meet the Artemis Income team


The team explain their longstanding approach to investing, what they focus on and how they will be managing the Murray Income Trust.

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BNY: Real Return: 6 for 2026 outlook


Ella Hoxha, Co-head of BNY Investments Newton’s Real Return team, sees a constructive yet fragile outlook for financial markets, with opportunities arising from potential monetary policy easing balanced by persistent risks, including inflation and valuation constraints.

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Schroders: A snapshot of the world economy in Q1 2026


Our latest economic infographic highlights our new forecasts and considers the risk of rate cuts fuelling inflation.

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Pictet: Barometer: Stock market rotation won't derail rally


Concerns over the economic effects of AI have led to changes in the patterns of returns across stock markets worldwide. But we see no reason for the equity rally to falter over the near term.

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M&G: One ISA. More confident decisions


Client behavioural considerations are explored in more depth in the Verve whitepaper, which looks at how volatility affects client decision?making - and how smoothing can help advisers keep conversations focused on long?term outcomes, rather than short?term noise.

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BNP Paribas:View from the Markets: Not bear feeding time just yet


A shift in uncertainty relative to expectations has undermined performance in parts of the equity market since last year. However, overall market returns are healthy, and bonds are delivering.

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Artemis: Why it’s not too late to invest in emerging markets


Emerging markets had a strong year in 2025. The MSCI EM index rose 34% in US dollar terms, comfortably outperforming the MSCI World index. Even allowing for a weaker dollar, sterling investors saw returns of around 24% – roughly three times that of the S&P 500.

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Schroders: Our multi-asset investment views – February 2026


We remain positive on equities and are upgrading commodities. Find out more in our latest multi-asset views.

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Prudential ISA - saving with confidence


The Prudential ISA is a streamlined solution that brings your clients savings together into a single Stocks & Shares ISA, helping them stay organised while keeping on top of their investments with ease.

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Pictet: Emerging market water innovators: turning stress to solutions


Emerging markets sit at the frontline of global water stress – and at the forefront of innovative solutions.

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Aberdeen: Staying balanced in an unbalanced market: MyFolio US positioning


Why diversification still matters in a market dominated by a handful of mega?caps.

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BNY: 6 for 2026 Outlook: Global Credit


Fading cash yields could see a powerful rotation into credit markets, while AI growth financing and the emerging markets could offer new opportunities. Peter Bentley gives his 6 potential catalysts for credit investments in 2026.

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Artemis: Could overseas investors jump the queue on a small-cap recovery?


Britons remain famous for their love of queuing, instinctively adhering to the unwritten rule that they form an orderly line when more than one person is waiting for the same thing.

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Schroders: Video: what does the Iran conflict mean for inflation and interest rates?


In this video, David Rees, Schroders Global Head of Economics, explains what might change regarding inflation and the likely path of US interest rates as a result of the Iran conflict and rising oil prices.

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BNP Paribas: Iran conflict: What investors need to know


The US and Israel have taken decisive military action against Iran in what appears to be a bid for regime change. The initial market response has seen higher oil prices, a slightly stronger dollar, lower equity markets, and wider credit spreads.

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Artemis: What war in Iran means for global markets


From an investment perspective, the situation presents real challenges. The duration of the conflict remains uncertain. While some expect a resolution may come within weeks, the range of possible outcomes is wide.

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Pictet: The Iran war: scenarios for investors


The Iran war has roiled markets. Here are the scenarios investors should consider.

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Schroders: Iran conflict: diversification and portfolio resilience


Diversification is not simply about holding different assets, but about holding assets that respond differently under pressure.

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Baillie Gifford: Investing in the era of private megacaps


Investment specialist Gustav Venter explains why the rise of private-company megacaps requires a fund that can traverse the divide between private and public markets.

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Baillie Gifford : An introduction to The Schiehallion Fund


Investment manager Peter Singlehurst outlines the rationale, structure and how Schiehallion can provide access to exceptional private growth businesses.

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BNY: The roles fixed income can play in your portfolio


Discover how fixed income investments contribute to portfolio stability through consistent income generation, attractive returns, and effective diversification strategies.

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Fidelity Adviser Solutions: Helping clients build financial self-efficacy


In their latest psychology of retirement series, Fidelity Adviser Solutions explore one of the biggest drivers of retirement readiness: a client’s confidence in understanding and engaging with their finances. This short video shows advisers how simple shifts in communication and planning can dramatically boost a client’s sense of clarity, control, and emotional preparedness for retirement. 4–minute watch

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Fidelity Adviser Solutions: Building trust in retirement conversations


Helping clients feel ready for retirement isn’t just about the numbers – it’s about building confidence, clarity, and connection. In this short video, Cowry Consulting’s Mana Jhaveri breaks down Fidelity’s latest behavioural research and reveals three practical ways advisers can strengthen trust during retirement conversations.

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Fidelity Adviser Solutions: How does the UK State Pension measure up?


The State Pension is set to increase in April in line with the triple lock. Marianna Hunt compares the UK State Pension with other state provision, assessing it in terms of cost as a percentage of GDP and also as an income replacement rate. This insight further highlights national affordability and the need for taking personal responsibility for retirement savings. 3-minute read

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Rathbones Asset Management - Is the UK doing better than you think?


UK Opportunities Fund Manager Alexandra Jackson is busting the winter blues. Great stuff is being made in the UK – and it’s being made exceptionally well.

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Baillie Gifford : Upfront: US Equities, Emerging Markets and AI


Join host Cherry Reynard on Tuesday 17 March at 10.30am for the next episode of Upfront, Baillie Gifford’s 30-minute live investment show. Packed with up-to-date topical insights and a live Q&A.

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Schroders: Spotlight series 2026 Reframed Macro Strategy - escalation in the Middle East


We have reframed this Thursday’s Macro Strategy webinar to focus on the investment implications of the ongoing conflict across the Middle East. This will bring you insight from some of our leading strategists and investors.

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Artemis: Webinar: Why the emerging markets revival has only just begun - Tuesday 10 March 10am


While valuations remain a key attraction of emerging markets, Artemis’ fund manager Raheel Altaf will discuss the improving fundamentals and long-term structural trends that further enhance their attractiveness for investors.

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Pictet Looking through gold's volatility


Gold is a volatile asset class. Nonetheless, it's still a useful hedge against certain types of market risk.

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Artemis: Why passive bond funds don't work


Artemis' Stephen Snowden says that the structure of passive bond funds means the way they react to market crashes couldn't be more counterproductive.

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Ballie Gifford: China's new growth leaders: inventing, not copying


Sophie Earnshaw, investment manager on Baillie Gifford’s China Equities Team, examines China’s new generation of growth companies. She explains why innovation – not imitation – is driving long-term opportunities for patient investors.

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BNY: Healthcare: alive and well


The outlook for the healthcare sector remains positive despite its recent challenges, says Walter Scott client investment manager George Dent.

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Pictet: Will Japan's changing political landscape affect your bond investments?


Japan's public finances are coming under scrutiny following an election victory for a prime minister intent on lifting government spending. But worries over the country's debts - and the possibility of adverse spillovers to global markets - look overblown, says Linda Raggi, head of macro and multi sector fixed income.

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Artemis: Three big questions for fixed income investors in 2026


A year is a long time in fixed income. Just 12 months ago, monetary and fiscal policy were expected to provide support for bond markets via across-the-board interest rate cuts and a normalisation in government spending following the Covid-era highs.

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BNY: Capital Market Assumptions 2026


Pressure creates resilience or strain. Our CMAs provide a disciplined, long-term view to help investors build enduring portfolios.

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BNP Paribas Asset Management: Pick your poison: Geopolitics or AI


If it’s not geopolitical shocks roiling markets it is artificial intelligence, either because AI is a bubble, or because it is decidedly not but it will instead wreak havoc across business models and the labour market.

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BNP Paribas Asset Management: Here come the bots


Jobs and business models are at risk from artificial intelligence disruption. That is spooking markets as it is difficult to put a valuation on companies that could be vulnerable to the onset of AI. At the same time, huge amounts of money continue to be spent on data centres and computing power.

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