Infrastructure investments have attracted lots of attention from yield-hungry investors in the new world of ultra-low interest rates. But this growing demand, chasing after a limited supply of projects, has made attractive infrastructure investments harder to find.
Each year, three to five members of the Academy will be invited to judge the Prize. This year, judges will consider a total of 60 books, which will be nominated by the Academy.
Britain was once the global giant of the textiles industry, but found itself unable to compete with the relentless growth of cheaper overseas producers. Now though, shifting global economics and the desirability of the Made in Britain brand mean the UK’s textile industry is enjoying a renaissance.
Africa has long been a continent of unfulfilled promise but is it poised to finally become the economic force it wants to be? Investment in infrastructure like railways, roads and ports could light the touchpaper to a brighter future.
Synchronicity has made a comeback this year, 34 years after topping the pop charts. Investors are touting a somewhat flimsy theory about global growth and equity returns, but we’ll be watching more convincing charts in 2018.
European equities have been in fashion this year, but their popularity may be waning as valuations become less attractive and signs emerge that economic growth may have peaked.
A breach of 3% in UK inflation has triggered a letter of explanation from Bank of England (BoE) Governor Mark Carney to Chancellor Phillip Hammond, and lots of media attention. Consumers will be understandably concerned, especially with wage growth lagging, but we believe inflation will peak soon, and remain well anchored longer term (see our latest investment report).
Global warming means spring is arriving sooner. As winter draws in that may sound attractive, but it means plants are flowering earlier than usual. If they become out of sync with nature’s pollinators, the consequences for the global economy could be serious.
Gold has been used as a form of currency and store of value since long before paper currency was invented and adopted across the world. Today this precious metal divides opinion among investors like few other asset classes. At Rathbones, we prefer to simply examine the evidence and assess its properties.