Skip to main content
  • What We Do
    • Investment Management
    • Financial Planning
    • Trust and Tax
    • International investment
    • Greenbank - Ethical and sustainable investment
    • Asset Management
    • PERSONAL INJURY AND COURT OF PROTECTION
  • Our Clients
    • Individuals and Families
    • Charities
    • Financial Advisers
    • Professional INTERMEDIARIES
    • Entrepreneurs
  • About Group
    • About us
      • Rathbones Group
      • Saunderson House
      • Our Purpose
      • Partnerships
      • Our Offices
      • Events
        • All events
        • Financial awareness courses
      • Our story
    • Responsibility
      • Responsible Business
      • Responsible Investment
      • Climate Reporting
      • Reports
    • Investors
      • Investor Relations
      • Reports and Results
      • Shareholder Information
      • Investment Case
      • Financial Calendar
      • Share Price Information
      • Contacts and Offices
    • Governance
      • Group executive committee
      • Board Committees
      • Directors
      • Policies
      • Articles of association
      • Corporate Governance
    • Media Centre
    • Careers
      • Vacancies
      • Investing in our people
      • Working at Rathbones
      • Your Career
      • Early Careers
    • Our People
  • RATHBONES
  • Insights
    • Knowledge and Insight
    • Rathbones Review Winter 2025
    • Know Where Life Can Take You
    • Insights
      • Investment insights
      • Investment Reports
        • Polls apart: Navigating America’s divisive election
        • Investing for the next decade
        • Peace of mind in a dangerous world
        • Building a more sustainable future
        • The Cloud Revolution
      • Financial Planning Insights
      • Financial Wellbeing Research
      • Responsible investment insights
      • Earth Convention
    • Podcasts
      • Financial Planning Unlocked
      • Inspired Minds
      • Inspired Sounds
  • Contact
    • Contact Us
    • Our Offices
  • Client Portals
    • About our client portals
    • MyRathbones Login
    • Rathbones Financial Planning Online Login
    • Rathbones Donor Advised Fund Login
Home Home

Search

  • What We Do
    • Investment Management
    • Financial Planning
    • Trust and Tax
    • International investment
    • Greenbank - Ethical and sustainable investment
    • Asset Management
    • PERSONAL INJURY AND COURT OF PROTECTION
  • Our Clients
    • Individuals and Families
    • Charities
    • Financial Advisers
    • Professional INTERMEDIARIES
    • Entrepreneurs
  • About Group
    • About us
      • Rathbones Group
      • Saunderson House
      • Our Purpose
      • Partnerships
      • Our Offices
      • Events
        • All events
        • Financial awareness courses
      • Our story
    • Responsibility
      • Responsible Business
      • Responsible Investment
      • Climate Reporting
      • Reports
    • Investors
      • Investor Relations
      • Reports and Results
      • Shareholder Information
      • Investment Case
      • Financial Calendar
      • Share Price Information
      • Contacts and Offices
    • Governance
      • Group executive committee
      • Board Committees
      • Directors
      • Policies
      • Articles of association
      • Corporate Governance
    • Media Centre
    • Careers
      • Vacancies
      • Investing in our people
      • Working at Rathbones
      • Your Career
      • Early Careers
    • Our People
  • RATHBONES
  • Insights
    • Knowledge and Insight
    • Rathbones Review Winter 2025
    • Know Where Life Can Take You
    • Insights
      • Investment insights
      • Investment Reports
        • Polls apart: Navigating America’s divisive election
        • Investing for the next decade
        • Peace of mind in a dangerous world
        • Building a more sustainable future
        • The Cloud Revolution
      • Financial Planning Insights
      • Financial Wellbeing Research
      • Responsible investment insights
      • Earth Convention
    • Podcasts
      • Financial Planning Unlocked
      • Inspired Minds
      • Inspired Sounds
  • Contact
    • Contact Us
    • Our Offices
  • Client Portals
    • About our client portals
    • MyRathbones Login
    • Rathbones Financial Planning Online Login
    • Rathbones Donor Advised Fund Login
Home

Search

Investment Insights Q4 2023

As the inflationary shocks caused by the pandemic and war in Ukraine finally begin to unwind, we take a look at how the world has changed profoundly, and the opportunities available to us as investors along with it.

9 October 2023

Breadcrumb

  1. Home
  2. Knowledge and Insight
  3. Investment Insights Q4 2023

Article last updated 9 October 2023.

While the markets have been overshadowed by growing perceptions that interest rates will be staying high for longer than previously hoped, this could also be opening up new vistas for investors. We explore not just the downside of higher rates in our lead article, but how this could also lead to better long term risk-adjusted returns in some cases.   

Our outlook for the months ahead remains cautious, and we explain in this edition why we still think recessions - though none has arrived yet since we began forecasting them a year ago - are likely in the world's advanced economies.   

In an uncertain world, safe investments are coveted. The idea that bricks and mortar make for a great investment is even ingrained in the culture of the English-speaking world via the phrase 'safe as houses'. We explore in this edition whether reality really matches the popular perception.   

As we have done in previous Insights, we also take a look at some of the trade-offs involved in the transition from fossil fuels to clean energy - this time we discuss the impact on biodiversity.

Liz Savage and Ed Smith   
Co-chief investment officers

Download our Investment Insights Q4 2023

Popular Articles

Black wire-framed spectacles, a white calculator and a gold pen lie on a light blue accounting ring-binder folder
6 May 2025

Review of the week: End of an era

Arguably the best investor of all time has decided to retire at the end of the year. Meanwhile, UK interest rates are forecast to fall in a bid to prop up the economy.

Find out more

6 mins

Red boxing gloves against pink background
14 April 2025

Review of the week: Gloves off?

US stocks held up well during a wild week of White House adjustments to its tariff policies. US government bonds and the dollar were less fortunate.

Find out more

6 mins

image of computer screen with trading graphs showing market changes
3 June 2025

Weekly Digest: Weapons Of Mass Distraction

The world is a very noisy place at the moment, and it’s increasingly designed to be that way. It doesn’t seem to matter where you go or what you do, someone or something is always trying to attract your attention. The proliferation of media outlets only increases the competition, potentially distracting us in the short term from longer-term goals.

Find out more

7 mins

MOST READ
  1. Review of the week: End of an era

  2. Review of the week: Gloves off?

  3. Weekly Digest: Weapons Of Mass Distraction

  4. Quarterly Investment Update Q3 2025: After much sound and fury, stock markets are at record highs

  5. Managing risk and identifying opportunity

Let's Talk

Ready to start a conversation? Please complete our enquiry form, we look forward to speaking with you.

Enquire
  • Important Information
    • Modern Slavery Statement
    • Important information
    • Complaints
    • Privacy
    • Accessibility
    • Climate Reporting
    • Cookies
    • Cookie Preferences
    • Sitemap
  • Other information
    • Financial Services Compensation Scheme
    • Financial Ombudsman Service
    • Scam Smart
    • Keeping our clients safe
    • MiFID II Cost and Charges FAQ
    • Statement of Cost and Charges
    • Banking Services
    • Interest Rates
    • Consumer Duty Manufacturer Request for Information
Address

Rathbones Group Plc
30 Gresham Street
London
EC2V 7QN

© 2025 Rathbones Group Plc
Incorporated and registered in England and Wales.
Registered number 01000403

Follow us
Facebook Instagram LinkedIn Twitter Youtube

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.