Article last updated 22 July 2025.
Our next feature, on page 5, examines in closer detail what qualities to look for in a stock — and what defines quality. We also think ahead to 2023 and what the landscape may look like for these quality companies.
The plunging pound has been a dramatic cause for concern over the past few weeks, and on page 6 we take a look at the history of sterling’s falls over the decades. How much of the pound’s latest tumble against the US currency can be explained by broad dollar strength, and what comes next for the beleaguered currency?
We examine cybersecurity in our next feature on page 8. With crime moving online and nation states conducting cyber warfare with impunity, the need for cybersecurity has never been greater. How could these developments affect the future of cybersecurity firms and where are the investment opportunities? It’s something we are monitoring closely and with growing interest.
Lastly on page 9, we explore what the labour movement means to environmental, social and governance (ESG) factors within a company and ask whether trade unions are making a comeback. We assess how the treatment of unionisation is viewed through an ESG risk–management lens.
Liz Savage and Ed Smith
Co-chief investment officers
Read the latest Investment Insights, Q4 2022
