Following the early October Conservative Party Conference, it appears increasingly likely that British Prime Minister will be opting for a 'hard' Brexit as a condition for keeping her job. This may be good for FTSE 100 company shares, but it is bad for sterling and small cap shares. Read more

Current racing conditions: remaining soft. Q4 asset allocation preferences (unhedged US dollar-based, updated at start of quarter): neutral equities vs. fixed income relative to benchmark. Prefer emerging stock markets to developed. Longer term outlook is to be pro-risk assets. Read more

Current racing conditions: remaining soft. Q4 asset allocation preferences (unhedged US dollar-based, updated at start of quarter): neutral equities vs. fixed income relative to benchmark. Prefer emerging stock markets to developed. Longer term outlook is to be pro-risk assets. Read more