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Darius McDermott and Juliet Schooling Latter are back for a comprehensive quarterly market update. Reflecting on the first quarter of 2024, they delve into various regions and sectors that experienced notable highs. We also discuss the potential for economic recovery in Europe, China's struggle to regain momentum post-Covid and speculation surrounding interest rate cuts by the Federal Reserve.
What’s covered in this episode: 
All-time highs for the S&P 500Should investors continue to back technology?The US inverted yield curve (and what it means)What’s driving success in JapanWhat a weak yen means for returnsOutlook on Japanese equitiesCan the gold price continue to soar?Does Europe look better from here?Will we see a recovery in China? Bond markets todayWhat does it mean, if or when the Fed cuts rates?Has the outlook for 2024 changed after Q1?Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Manager of Jupiter Gold & Silver, Ned Naylor-Leyland, looks into the current dynamics affecting the gold market amidst conflicting factors like geopolitical tensions and interest rates. He provides insights into the intricate nature of gold pricing across different currencies, the recent breakout in the gold price including the flow dynamics in the market. Throughout the episode, Ned offers nuanced perspectives on investment strategies and market behaviour, underlining the importance of diversification and strategic positioning in precious metals portfolios.

What’s covered in this episode:
What’s the current positioning for gold?How does geopolitics influence the price of gold? Can the price of gold go higher?How rate cuts influence the price of goldThe case for owning physical gold in a portfolioIncreased buying in ChinaThe implications of seizing Russian FX reservesHow the Chinese New Year impacted goldThe importance of the breakthrough price of $2,150/ozThe importance of gold minersAn update on silver and how it relates to goldWill the price of silver be more consistent in the future?
More about the fund:
A truly unique fund, Jupiter Gold & Silver invests in both physical gold and silver bullion, as well as gold and silver mining companies. Manager Ned Naylor-Leyland is a passionate advocate for his asset class and believes investors should strongly consider some gold and silver exposure for their portfolios.


Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Maneesh Bajaj, manager of the Brown Advisory US Flexible Equity fund, shares insights into the fund's philosophy and flexible approach, attributing its long term success. We cover a whistle stop tour of US headlines including the Magnificent Seven, including both Microsoft and Alphabet, the growing role of artificial intelligence across industries, a US election year and two significant sectors for the portfolio: financials and healthcare. 
What’s covered in this episode: 
The fund’s outperformance over 1, 5 and 10 yearsThe concentration of the US marketThe long term investment case for MicrosoftThe investment appeal of AlphabetManaging the growth of artificial intelligence in the portfolioIs AI the next dotcom bubble?The fund’s largest weighting: financialsGrowing opportunities in healthcare What an election year means for the fund  More about the fund:
This fund has been run by Maneesh Bajaj since 2017. Its strategy is unconstrained, meaning Maneesh is free to select companies from across the market-cap spectrum. This has enabled the fund to become one of the few to regularly outperform the S&P 500 over long periods of time. Supported by a strong team of analysts, the Brown Advisory US Flexible Equity fund has delivered good returns in both up and down markets. A strong candidate for those looking for a core US equity fund.
Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

In a special “Spring Budget” feature we’re joined by four fund managers and our very own research director, Juliet Schooling Latter, to take a closer look at UK equities. We discuss what the British ISA could mean for the UK market but, most importantly, what else still needs to be done to improve sentiment and encourage global investors to return. The managers also share where they’re finding the best opportunities in today's significantly devalued environment. 
Our fund manager guests (in order of appearance) include Matthew Tonge, co-manager of Liontrust Special Situations, UK Smaller Companies and UK Micro Cap; Hugh Sergeant, manager of ES R&M UK Recovery; Richard Hallett manager of IFSL Marlborough Multi-Cap Growth; and Scott McKenize, manager of WS Amati UK Listed Smaller Companies. 
What’s covered in this episode: 
What is the British ISA?Will it be a meaningful change for investors? Should pensions be mandated to hold UK equities? How Brexit continues to impact market sentimentWhy now is a good time to back UK equitiesWhat type of companies make up the UK stock market?UK equities are all about risk/rewardWhere to find opportunities todayThe value opportunities on offerWhat other actions should the government take?Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Ben James, investment specialist director on Baillie Gifford American, gives insights into why the U.S. remains a prime location for growth investors, highlighting its innovation, deep talent pool, and unique cultural optimism. A significant portion of the podcast is dedicated to the transformative power of Artificial Intelligence (AI) in the investment landscape. Ben shares the team's perspective on AI as a new technology paradigm, its potential implications, and the specific companies in their portfolio benefiting from this disruptive force. The discussion spans AI applications in various sectors, from healthcare to cloud computing, providing listeners with a comprehensive view of its multifaceted influence.
What’s covered in this episode: 
Why the US is a great place for growth investorsIs growth on the rebound? Will growth investing continue? How does the team approach AI in the fundWhy AI is important for growth investors“The battle cry of a generation”AI: should investors be worried or excited?How companies such as Duolingo are embracing AI technologyThe sub themes of artificial intelligence What impact does AI have on healthcare? Opportunities within the healthcare sector for the fundMore about the fund:
This fund is one of the purest examples of the Baillie Gifford growth philosophy. The team are looking for the high-performance outliers - those firms that can return at least 150% - and will hold them for the long term to allow them to generate this return. These stocks will tap into the trends of the future, such as the continued rise of online retail, the evolution of transportation and innovative healthcare.
Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Will Argent, investment advisor to the VT Gravis Clean Energy Income fund, explores the distinctive features that set this fund apart and provides insights into the resilience of renewable energy assets through economic cycles. We also discuss the challenges faced by energy storage and battery trusts, the compelling valuations in the current market and how power prices influence opportunities and the fund's role in delivering a regular income for investors.
What’s covered in this episode: 
How the fund differs from others in the IA Infrastructure sectorWhy investment trusts suffered recentlyWill we see a bounce back in 2024? How renewable energy assts preform through the economic cycle Why battery storage companies underperformedAre valuations improving for battery storage companies? Valuations for the wider investment universeDo power prices influence the opportunity in these areasHow does the fund generate a reliable incomeHow the fund fits in a wider portfolioMore about the fund:
The VT Gravis Clean Energy Income fund taps into the expertise of the Gravis group to create a portfolio of renewable energy and energy-efficiency related projects, that are benefiting from the secular move to more sustainable energy demands. It looks to generate an attractive income, alongside modest capital growth, from a spread of different projects that should deliver defensive, uncorrelated performance.
Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.