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  • March 15, 2019
    Corporate News
    Eoin Murray
    Are US China trade tensions really about steel, Jack Daniels and soy beans?
  • Saker Nusseibeh
    In this episode of Amplified Saker Nusseibeh, Chief Executive Officer and Eoin Murray, Head of Investment, discuss why there is more reason to be optimistic about emerging economies than developed.
  • February 1, 2019
    Macroeconomics & Risk
    Eoin Murray
    Investors scanning the risk universe observed traces of volatility in February and then calm skies until the end of the third quarter. The scenario has changed, with equity markets flaring in October and November. Seasoned asset-gazers may not be surprised – in our view, market pressures have been building for some time amid slowing growth and trade tensions – and we continue to recommend that investors consider the full gamut of risks and commit to a long-term view as they chart a course ahead.
  • December 18, 2018
    Macroeconomics & Risk
    Eoin Murray
    Investors scanning the risk universe observed traces of volatility in February and then calm skies until the end of the third quarter. The scenario has changed, with equity markets flaring in October and November. Seasoned asset-gazers may not be surprised – in our view, market pressures have been building for some time amid slowing growth and trade tensions – and we continue to recommend that investors consider the full gamut of risks and commit to a long-term view as they chart a course ahead.
  • November 19, 2018
    Macroeconomics & Risk
    Eoin Murray
    Trump, tariffs, trade wars, terrorism and tech: a decade on from peak global financial crisis, this is where we are today. The more important question for investors, however, is where to next.
  • September 3, 2018
    Macroeconomics & Risk
    Eoin Murray
    “There are as many worlds as there are kinds of days, and as an opal changes its colours and its fire to match the nature of a day, so do I.” In 1960, Nobel Prize-winning US author John Steinbeck set out on a road journey around his home country to see what he could see; to note any changes in the vast nation he hadn’t observed up close for decades. Aged 58 and in ill-health, Steinbeck was nonetheless willing to confront the reality of a rapidly-changing US from the driver’s seat of a jerry-built house truck and only a ‘middle-aged poodle’ called Charley for company. While his best-selling recount of the trip was tinged with nostalgia and tips for poodle maintenance, the writer didn’t let the past blot out a clear-eyed view of the present. “A journey is a person in itself; no two are alike,” Steinbeck wrote. Investors would do well to bear this advice in mind as they venture through the second half of 2018. In the latest Hermes Market Risk Insights report, Journeying through a changing risk environment, Eoin Murray, Head of Investment at Hermes Investment Management, explores the six key risks investors must navigate through during the latter part of the year.
  • August 20, 2018
    Macroeconomics & Risk
    Eoin Murray
    Risk is amorphous, creating investment opportunities and threats to capital at each stage of the cycle. In response, investors must watch for familiar patterns and new disruptions amid streams of financial indicators. Models based on statistical history can serve as useful, if inexact, guides to the future. But we need to use all the tools at hand, going beyond number crunching to consider geopolitical tensions and sustainability concerns, to separate meaningful signals from the noise. We recommend tracking the following six indicators to recognise risk in its current form – and identify where opportunities lie.
  • Eoin Murray
    Dickensian conditions Q2 2018 Risk is amorphous, creating investment opportunities and threats to capital at each stage of the cycle. In response, investors must watch for familiar patterns and new disruptions amid streams of financial indicators. Models based on statistical history can serve as useful, if inexact, guides. But we need to use all the tools at hand, going beyond number crunching to consider geopolitical tensions and sustainability concerns, to separate meaningful signals from the noise. We recommend tracking the following six indicators to recognise risk in its current form – and identify where opportunities lie.
  • Eoin Murray
    Despite phenomenal long-term share price performance, Big Tech has been besieged from all sides – governments and regulators have been forced to increase scrutiny, investors are questioning the future economic consequences, while consumers question the FANGs’ social licence to operate. In response to the major issues faced by Big Tech, Sickly Tech, a report by Eoin Murray, Head of Investment at Hermes Investment Management, raises deep questions about Big Tech’s future, the risks for investors, and outlines the necessary steps to drive reform. Even the market ruckus earlier this year failed to derail the trajectory of the Big Tech leaders. Instead, the market witnessed dramatic outperformance by Big Tech and the FANGs (Facebook, Amazon, Apple, Netflix and Google), which benefit from the ongoing growth in internet commerce. Indeed, if the FANGs (plus Nvidia and Microsoft) are stripped out, the S&P 500 has fallen over the year to date - such is the influence of their phenomenal momentum. Even from a global perspective, the FANGs are a vital positive story, with global markets overall having fallen slightly in 2018.
  • Eoin Murray
    Charles Dickens’ famous lines set the scene for a world of latent volatility, where contradictory extremes loom as equally likely realities and the slightest change in the political winds could send events either way. This encapsulates the bipolar nature of investors in 2018 to date, as they seek meaning in conflicting signals: will it be a time of inflation or disinflation, liquidity or illiquidity, growth or slump? In this issue of Market Risk Insights, we analyse key investment metrics in order to help investors navigate these Dickensian conditions.
  • December 22, 2017
    Stewardship
    Eoin Murray
    Dan Churchouse, Associate Director for UK Wholesale, sits down with Eoin Murray, Head of Investment to better understand why ESG matters when it comes to investing.