Investment themes

Investment themes

Here is our view of the key investment ideas and opportunities for 2018 and beyond, underpinned by our belief that global growth looks increasingly broad based by geography and sector.

Over the past year, the increasingly vibrant health of the world economy has become more evident and we expect roughly more of the same for 2018. As a result, we believe stocks will continue to outperform bonds over the next year. We also look at how to take advantage of the Fourth Industrial Revolution, the emerging potential of impact investing and the sectors and countries we think will do well.

Japanese Equities


The history of corporate Japan, both pre and post-WW2 is more influential in this story than many realise.

The Fourth Industrial Revolution

New technologies are blurring the lines between the physical, digital and biological worlds. How best to take advantage?

Stocks to outperform bonds

Do not worry about the economic cycle, relative valuations suggest stocks still have plenty of leeway over bonds.

US high yield - Keep calm and carry on

Consider carefully calibrated credit risk while markets remain benign and the US economy grows robustly.

Emerging Asia - Tech tigers

The ongoing pick up in global trade is set to continue to benefit emerging market Asian exporters. It is a leveraged bet on global growth.

European banks – economic tailwind

A eurozone growing in strength is providing a helpful backdrop for the region’s banks.

What if we're wrong?

Recessions can emerge from nowhere, so here are some suggested defensive strategies for the nervous.

Investments can fall as well as rise in value. Your capital or the income generated from your capital may be at risk.