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elstonviews: June 2016
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Return to www.elstonconsulting.co.uk. Monday, 27 June 2016. Multi-Asset Min Volatility for choppy times. Multi-Asset Min Volatility for choppy times. Our Global Min Volatility multi-asset index closed up 1.52% on “Brexit Friday” in GBP terms. Risk, return and correlation are always unstable, and that should be reflected in optimisation models. Risk-based quant-driven investment strategies offer a lower cost alternative to hedge funds for investors looking to diversify their portfolio returns. The risk, r...
elstonviews.blogspot.com
elstonviews: October 2016
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Return to www.elstonconsulting.co.uk. Thursday, 27 October 2016. Allocating Capital: Beyond The Investment Portfolio. Private clients and families wanting wealth advice, typically want holistic wealth advice. That's why it's worth remembering that investment capital is only one form of capital. Client fact finding should go well beyond understanding an investment portfolio, to account for other forms of capital - what it is and how it's structured. Chattels: chattels are subject to their own esoteric tax...
elstonviews.blogspot.com
elstonviews: Bank of England raises inflation estimates, pushes back Brexit impact
http://elstonviews.blogspot.com/2016/11/bank-of-england-raises-inflation.html
Return to www.elstonconsulting.co.uk. Thursday, 3 November 2016. Bank of England raises inflation estimates, pushes back Brexit impact. The Bank of England has raised its 2017 inflation estimate to 2.7%, from the current rate of 1%. The Bank does not expect inflation to return to its 2% target until 2020. The rise in inflation expectations was explained by the decline in the pound since the EU referendum, which is driving up prices of imported goods. Subscribe to: Post Comments (Atom). UK Government lose...
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elstonviews: November 2016
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Return to www.elstonconsulting.co.uk. Wednesday, 23 November 2016. UK economic outlook: growth cut, inflation raised on Brexit pain. Growth rates cut compared to pre-referendum estimates. Inflation estimates raised on weaker sterling, but possibly not far enough. Focused spending on infrastructure and innovation is welcome. UK GDP’s growth rate has been downgraded relative to pre-referendum expectations, with a cut from 2.2% to 1.4% for 2017E and from 2.1% to 1.7% for 2018E. Photo credit: www.gov....
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elstonviews: Pollsters and Bookies got it wrong: Trump looks set to win
http://elstonviews.blogspot.com/2016/11/pollsters-and-bookies-got-it-wrong.html
Return to www.elstonconsulting.co.uk. Tuesday, 8 November 2016. Pollsters and Bookies got it wrong: Trump looks set to win. Trump looks set to become next US President. Both pollsters and bookies called this totally wrong. Asymmetric downside risk means near-term mark down of risk assets. Trump swept to victory with 42 of 50 states declared, Trump leads Clinton 244 electoral votes to 215, with 26 to win, collecting 48.2% of the vote vs Clinton 47.1% (as at 0630 GMT today). ALTERNATIVES: Expect flight to ...
elstonviews.blogspot.com
elstonviews: Red October: bond market jitters
http://elstonviews.blogspot.com/2016/11/red-october-bond-market-jitters.html
Return to www.elstonconsulting.co.uk. Friday, 4 November 2016. Red October: bond market jitters. October saw a sharp one month loss for global sovereigns owing to inflation fears, raised interest rate expectations and declining Central Bank appetite for QE. In the UK, the inflationary potential from Brexit, and vanishing expectations of any further BoE rate cuts on stronger economic growth led to a gilts sell off. The GBP performance for inflation-linked gilts (LSE:INXG) was -0.65%, compared to -...
elstonviews.blogspot.com
elstonviews: January 2016
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Return to www.elstonconsulting.co.uk. Thursday, 21 January 2016. A rules-based approach helps in difficult markets. It's hard not to get emotional when markets get difficult. As with any temper-tantrum, having a clear rules-based approach can help maintain investment discipline when emotions run high. This is why our portfolio construction approach is outcome-oriented, aiming to create for example a Max Sharpe portfolio or Min Volatility out of a broad opportunity set of liquid, physical ETFs representin...
elstonviews.blogspot.com
elstonviews: May 2016
http://elstonviews.blogspot.com/2016_05_01_archive.html
Return to www.elstonconsulting.co.uk. Wednesday, 25 May 2016. Elusive Alpha: will Smart Beta replace hedge funds? Image Source: FTSE Russell. Elusive Alpha: will Smart Beta replace hedge funds? Research from FTSE Russell suggests that 36% of institutional asset owners are currently evaluating smart beta, up from 15% in 2014. What is smart beta? From an index construction perspective, if beta is defined as index-based investment strategy constructed using a cap-weighted approach (size factor), smart beta ...
