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Articles
- Venezuela: where’s the shock?
- China housing market downturn and its impact
- Q4 Multi-Asset Perspectives: Proceeding with care
- The future of AT1s: “If it ain’t broke, don’t fix it”
- EMD’s Gravity Shift: Why investors are pulling ‘satellite’ emerging market debt into the core of portfolios
- Methane under Fire: How the EU’s bold regulations aim to confront supercharged emissions
- From outflows to opportunity: China equity today
- The Asia ex-Japan rally has further to run
- Rotation from financial assets to solid, tangible assets
- The opportunity set remains excellent
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Multi Asset Blog
A bit too precious?
02 February 2026 | Julian Howard
Precious metals’ surge was partly driven by the softer dollar, stubborn US inflation and hopes of fresh fiscal support. These factors haven’t gone away, despite the sudden correction over the last few days, suggesting the sell-off from a ‘crowded trade’ may tell us more about market structure and liquidity than the underlying macro story.
Multi Asset Blog
Market stress: Should I be worried?
21 January 2026 | Julian Howard
With unpredictable US government policy making for a volatile investment environment, US equities’ searing post-Liberation Day progress appears to have stalled, while gold market fever could be a symptom of stress in global capital markets. But history suggests that equities tend to reward the patient.
