My Image

About Us

Products & Services

Newsletter

Blog

We're Listening !!

My Image
Thank you! Your submission was successfully sent :-)×
Opps! Some went wrong... Your submission did not go through :-(×
csm-ltd-logo

Expat Financial Planning Solutions

Providing Clarity For Investors Since 1985
csm-ltd-logo

Expat Financial Planning Blogs

expat-financial-planning-blog

Our financial planning blogs are designed exclusively for expats

Our blog site is designed exclusively to inform on issues that relate to and impact expatriates around the globe.We cover a wealth of topics that include insurances - pensions - investments - estate planning and tax - all designed to keep you informed and up to date.

Three filters are provided to enable you to quickly find the information you seek - "Categories" - "Tags" & "Archive"

By subscribing to "Market Scope" you will also receive notifications of new blog posts as they are added.

Click here to sign-up now - its free and packed with information and ideas as to how best plan your financial well being.

If you would like to ask questions or discuss any issues that relate to any blog post we will be happy to address these with you.

Regards

CSM Ltd - Expat Financial Planning Blog Team

Blog Archive

Categories

Tags

Archives


Passive Versus Active Investment Management

Passive versus Active Investment.
The game may have changed but the rules remain the same.

The four most expensive words in the English dictionary are ‘this time it’s different” was once famously quoted by Sir John Templeton.

Whilst poignant quotes are ten-a-penny, this particular quote by the founder of Templeton investments struck home, namely because we are now well into one of the longest and ‘most hated’ bull markets on record, as some like to call it.

The more time TAM sit at meetings discussing the trajectory of the world’s capital markets, the more we hear the phrase, “Well this time it’s different!” read our thoughts on this unprecedented environment.

Uncovering the opportunities in emerging market debt

Emerging Markets have performed well but is following the herd the right thing to do ?

You won’t find our investment strategy full to the brim with exotic risk and elaborate overweights, particularly in this environment.

Learn in this article why TAM Asset Management hold these views as seasoned discretionary fund managers.

TAM Market Insight - Message From The Chairman
tam-logo

TAM Asset Management Chairman Lester Petch shares his current thinking on the markets

"The time has come", the Walrus said, "To talk of many things: Of shoes - and ships - and sealing wax - Of cabbages - and kings - And why the sea is boiling hot - And whether pigs have wings."
The Walrus and the Carpenter, Lewis Carroll

Not wanting to compare my age frame to that of a walrus, I nonetheless do think the time has come “to talk of many things", so here are some core facts and issues I think worthy of note:

Markets continue to make headway and have had an almost unprecedented bull run since April 2009 when TAM wrote its note, “The Green Shoots of Recovery”.
The headlines continue to suggest fear and problems in the political arena (i.e. Mr Trump and Mrs May).
Somewhat extended (but not disastrously so) equity valuations, particularly in the US.
Low, and as yet to be normalised, interest rates in Europe and the UK, although the US is trying.
Low global inflation, but which is picking up.
Brexit - for the UK it’s what, how, when and even who?
The possibility of an early Italian election with anti EU, populist parties competing, neck and neck in the polls with centralist parties.
China – good, bad or just plain ugly?

Neil Woodford View On The UK Economy

"The UK economy is more unbalanced today than ever before" - Neil Woodford

All the talk of rebalancing the UK economy that we heard from policymakers in the immediate aftermath of the financial crisis unfortunately, has led to nothing.

The UK economy is more unbalanced today than ever before.

We had a recent meeting with Darren Winder of the Lazarus Partnership – Darren has been a very valuable input into our investment process for many years and his extensive knowledge and database on the UK economy is pretty much unsurpassed.

We covered a lot of ground during the meeting, but some charts really stood out. Here we provide a few of them, which we believe provide strong evidence of the continued imbalances within the UK economy and the unsustainable nature of recent economic growth.

Japan - Rise & Shine

Japan - Rise & Shine

Over the years, one has learned to be a little wary of putting out bullish investment notes on Japan. The financial writing landscape is littered with the graves of bull notes written by those who thought this time was different. Headlines such as “The sun also rises” were often penned at the end of impressive stock market rallies but on the eve of a major sell off.

 Page 1 

Further resources

Market Indicator - Momentum fund management provide insightful views on their belief of market direction
Video Updates - Watch and listen to our Discretionary Fund Manager (DFM) partner videos. The videos provide an insight to the managers thoughts and feelings in respect of market events alongside specific details on portfolio performance
Market Scope - e-newsletter - don't miss out on important market events - subscribe now its Free
Our Blog - Commentary and updates on market events - insurances - pensions - investments - taxation and all other issues related to expat financial planning