LGIM Talks: Recent Episodes
Legal & General Investment Management
What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From Legal & General Investment Management, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities.
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom.
From Trump's tariffs to irrational investors, LGIM Talks dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions.
To find out more, visit http://www.lgim.com/uk/en/insights/our-thinking/
Legal & General have been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans.
This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In this episode of L&G Talks, Ian Hutchinson, Head of Global Bond Strategies and Radha Mathur, Fixed Income Investment Specialist explore why global credit is back on investors’ radar.
They discuss how higher yields, tight spreads and elevated interest-rate volatility have reshaped the opportunity set, and why broad market exposure may no longer be enough.
The conversation highlights the role of selectivity, active rates management and regional insight, while considering risks including rate-market shifts, geopolitics and hyperscaler supply.
This podcast was recorded on 14 July 2026.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass.
For most DC savers, the default fund is their pension journey. Yet behind what appears to be a simple member experience sits a complex set of investment, behavioural and regulatory decisions.
In this DC Close Up episode for L&G Talks Asset Management, our Global Head of DC, Lesley-Ann Morgan, sits down with Head of DC Strategies, Graham Moles, to examine the changing world of DC defaults.
From the debate between target date funds and lifestyle approaches, to the growing role of member data, private markets and retirement design, they discuss how schemes are adapting to meet the changing needs of savers. The conversation also examines Value for Money, default decumulation and what comes next for one of the most important areas of DC pension design.
On the latest episode of L&G Talks Asset Management, we dive into the
world of platform investing.
We cover what platform investing is, looking at how this strategy differs from core real estate holdings and explore considerations investors need to make when thinking about allocating to this asset class. Our speakers also explain what their hearing from investors when it comes to platform investing and why this type of allocation might be appealing.
The podcast features:
- Emma Pullen, Director of Real Estate Fundraising
- Jonathan Waldner, Director of Real Estate Fundraising
This podcast is hosted by Nick Jardine, Content Manager at L&G, and was recorded on 30th June 2026.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on why US treasury yields stayed elevated as the oil price fell, the latest developments in the AI story, and whether Chinese equities could replicate the huge gains seen in Korea.
This podcast was recorded on 8 July 2026 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 7 July 2026 unless otherwise stated.
For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
Private markets come with a powerful narrative: patient capital, complexity premia,
and access to parts of the economy public markets can’t reach. But with every
narrative comes a set of assumptions that don’t always get challenged.
L&G’s Rebecca Burgess, Private Markets Asset Allocation Investment Specialist and
Lushan Sun, Head of Cross-Asset Private Markets Research unpack some of the most persistent myths surrounding private markets.
From illiquidity fears to valuation misconceptions, the team explores what’s true,
what’s outdated, and what investors may be overlooking.
This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 15
June 2026.
For professional investors only. Capital at risk. Risk management cannot fully
eliminate the risk of investment loss. It should be noted that diversification is no
guarantee against a loss in a declining market.
For illustrative purposes only. Reference to a particular security is on a historic basis
and does not mean that the security is currently held or will be held within an L&G
portfolio. The above information does not constitute a recommendation to buy or
sell any security.
Are we on the cusp of a new era of robotics? How is AI enabling machines to perform more complex tasks than ever before? And how will these overlapping technologies change the lives of ordinary working people?
In this episode, Dr Henrik Christensen, renowned roboticist and Professor of Computer Science, is joined by Axel Belorde, Head of Business Development EMEA & Asia (Indexes) at TMX VettaFi, to separate fact from fiction.
This podcast was recorded on 22 June 2026 and was hosted by Matthew Kemp, Wealth Management Sales Manager at L&G.
Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.
This special episode marks the publication of our midyear global outlook, which takes stock of the extraordinary first half of 2026 for investors – and offers insights as to what may follow. Topics covered include:
• The interplay between AI acceleration and geopolitical fragmentation
• What a raft of blockbuster IPOs mean for index investors
• How AI is fundamentally reshaping dynamics across industries
• The outlook for private credit
During the episode, Emiel van den Heiligenberg, our global CIO, is joined by:
• David Barron, Global Head of Index and ETFs
• Stuart Hitchcock, Head of Portfolio Management, Private Credit
• Colin Reedie, Head of Active Strategies
• Jason Shoup, Co-head of Fixed Income and CIO, L&G – Asset Management, America
Our panel also share what they are planning to read and watch over the summer.
The podcast was recorded on 9 June and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
What really drives an investment decision and what happens before a trade ever reaches your portfolio?
L&G’s Francis Chua, Fund Manager, and Chris Franklin, Investment Specialist in our Asset Allocation team take us behind the scenes to unpack what the decision-making process actually looks like in practice. The discussion moves beyond models and market headlines to explore how views are formed, challenged and, at times, left
unresolved.
From the first signal, whether new data, market dislocation or a divergence in views, through to scenario analysis and portfolio positioning, the conversation highlights a process shaped less by prediction and more by preparation.
Along the way, the team examine how disagreement sharpens outcomes, how conviction is expressed through sizing, and why “no action” can still be a deliberate choice.
They also unpack the role of external perspectives, the importance of structured debate, and how behavioural biases are identified and managed in real time.
This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 19 May 2026.
For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.
For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security
On this week’s episode of L&G Talks Asset Management, we sit down
with Achal Arora, Managing Director of Digital Infrastructure
Investments.
With digital infrastructure increasingly being seen as critical to
modern economies, Achal runs down some of the ongoing trends in the
sector and how investors should understand present dynamics.
Among topics discussed are the influence of artificial intelligence,
reasons for a current focus on data centres and why clean power
infrastructure and digital infrastructure are converging.
This podcast was moderated by Nick Jardine, Content Manager and was
recorded on 20 May, 2026.
Assumptions, opinions and estimates are provided for illustrative
purposes only. There is no guarantee that any forecast will come to
pass.
What is meant by the term ‘systematic solutions’? Why are they increasingly important for investors? And how is AI changing the way they are constructed?
In this podcast we hear from three key members of L&G’s systematic solutions capability to discover the answers to these questions. Our speakers are:
- Elena Cardella, Head of Index & ETFs Investment Specialists
- Boyang Liu, Head of Systematic Solutions
- Raj Shah, Senior Quant & Factor Strategist - Index Solutions.
This podcast was recorded on 15 May 2026 and is hosted by Luka Lukic, Product Proposals Specialist.
For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
L&G AUM figures as at 31 December 2025. Excludes assets managed by associates (Pemberton, NTR, BTR). The AUM includes the value of securities and derivatives positions and may not total due to rounding.
Money illusion is one of the most common behavioural biases and with nearly £30 billion held in cash, are UK charities assuming that the most cautious investment is also the safest choice?
L&G’s Nancy Kilpatrick, Head of Charities and Andrzej Pioch, Fund Manager and the Head of Risk Targeted Funds explore the risks that may be hiding in plain sight: the risk of holding too much cash, what that actually costs charities and how Trustees could be thinking about their investments.
They discuss:
- The scale and risks of the cash challenge
- Practical first steps that Trustees can take to put their reserves to work
- How recent volatility and macro events have highlighted potential concentration risk
This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 30 March 2026.
For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss
in a declining market.
For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security
In today’s fast-moving investment landscape, we believe staying ahead means looking beyond the headlines—understanding how powerful structural shifts like AI disruption can reshape markets, alongside ongoing geopolitical volatility.
In this edition of L&G Talks, Jason Shoup (US CIO), Jason Becker (Head of US Credit Strategy), Anthony Woodside (Head of Multi-Sector Fixed Income & Investment Strategy), and Dan Dreher (Solution Strategist) joined us for our first US-based conversation. They helped us unpack L&G’s Q2 US Investment Outlook, discussing:
* Why AI disruption may be the bigger, longer-lasting market force than episodic geopolitical shocks
* Insights into fixed income markets, including our base-case outlook for rates and spreads over the next quarter
* Where AI buildout spending is creating private credit opportunities—and the red flags to watch for
* How we think about AI-related opportunities in equities
L&G’s Chief Strategy and Product Officer Jo McCaffrey talks to Chief Marketing Officer Andy McQuillan about the rapidly accelerating evolution of asset management, and her personal ascent through the industry.
In this wide-ranging and candid interview, Jo and Andy discuss the challenge of leading through change from three distinct perspectives:
* How asset managers can adapt to meet changing client needs
* The importance of culture in enabling team performance
* What it takes as an individual to achieve your ambitions
For professional investors only. Capital at risk.
Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
L&G’s Affordable Housing platform is a demonstration of how investing in real assets has the potential to make a real difference.
Aside from offering a potentially compelling opportunity for institutional investors, the provision of these homes addresses a critical societal need. In our latest podcast, we turn our attention to this space, while also noting some exciting recent developments around L&G’s efforts in Affordable Housing.
Joining us on the podcast this week we have:
- Ali Farrell, Head of Impact Strategies for Real Estate, L&G
- Shaun Holdcroft, Head of Affordable Homes, L&G
This podcast is moderated by Nick Jardine, Content Manager at L&G.
All data is from the UK’s Ministry of Housing, Communities and Local Government as of March 2025.
Assumptions, opinions and estimates are provided for illustrative
purposes only. There is no guarantee that any forecast will come to
pass.
This episode explores how the DC industry – and L&G – can move from member engagement to action, at a time when new research* indicates that 41% of working people aged 25 to 55 are not on track for the retirement income they’ll need.
DC Close Up host Lesley‑Ann Morgan, Global Head of DC in our Asset Management business, is joined by Jenny Hazan, Director of Customer Strategy and Engagement at L&G. Together, they discuss why the biggest challenge in DC pensions is not participation but adequacy – and why information alone rarely changes behaviour.
Drawing on examples spanning compound growth, behavioural biases and artificial intelligence (AI), this episode considers how behavioural science, data and technology must work together to support better member outcomes.
This podcast was recorded on 31 March 2026. All information and views from L&G as at date of recording.
Decades Ahead research launched by L&G and research partner Public First on the 18 March 2026.
https://group.legalandgeneral.com/en/about-us/our-purpose/safeguarding-financial-futures/decades-ahead*
For professional investors only. Capital at risk.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.
Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
The information in this podcast is for information purposes only and we are not soliciting any action based on it. It is not a recommendation to buy or sell securities or pursue a particular investment strategy. It is not investment, legal, regulatory or tax advice.
In this episode, Amelie Chowna, Head of Fixed Income Strategic Initiatives and Alex Mack, Head of Inflation and Rates explore the role of duration in fixed income portfolios and ask if it is a consistently reliable hedging tool.
They also discuss why they believe it is important to manage duration dynamically in unconstrained bond portfolios across varying market conditions.
This episode was recorded on 24 March 2026.
All data from L&G and/or Bloomberg as at 31 December 2025.
Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecast will come to pass. It should be noted that diversification is no guarantee against a loss in a declining market.
We can’t predict how geopolitical events unfold, but how do investors adapt to market stress and maintain portfolios that remain robust regardless of the headlines?
L&G’s Chris Jeffery, Co-Head of Asset Allocation and Head of Macro; Aimee Bowkett, Fund Manager; and Chris Teschmacher, Fund Manager and Head of AA Investments Specialists discuss:
* Why uncertainty feels so acute and why the data tell a different story
* How ‘reckless prudence’ means being too cautious could be a genuine risk
* Regret, diversification and the cost of being prepared
For more insight into the team’s prepare don’t predict philosophy, read their playbook for geopolitical risk management and why uncertainty isn’t the enemy. Please see the links below.
Playbook for geopolitical risk management - https://blog.landg.com/categories/investment-strategy/prepare-dont-predict-prepare-dont-predict-a-timeless-playbook-for-geopolitical-risk-management/
Why uncertainty isn’t the enemy – https://blog.landg.com/categories/investment-strategy/prepare-dont-predict-why-uncertainty-isnt-the-enemy/
This podcast is hosted by Sarka Halas, Content Manager, and was recorded on 16 March 2026.
For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.
For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
This episode is the edited audio of a webinar we held with clients on 20 March to discuss the market reaction to the ongoing conflict in the Middle East.
Alongside human and political consequences, the conflict in the Middle East continues to impact markets. In this webinar, we shared our reflections on market conditions and managing risk in this environment.
Among other topics, our speakers covered:
* The magnitude of market moves so far
* How elevated inflation expectations are affecting the path of interest rates
* What a higher oil price means for emerging market debt
* Why recent moves in gilt yields are very different from those we saw in 2022
Our speakers were: Chris Jeffery, Co-Head of Asset Allocation and Head of Macro; Ben Bennett, Chief Investment Strategist for Asia; and Raza Agha, Head of Emerging Market Sovereign Strategy.
The webinar was moderated by Lara Edmonstone-West, Head of Solutions Distribution.
For professional investors only. Capital at risk. Risk management cannot fully eliminate the risk of investment loss. It should be noted that diversification is no guarantee against a loss in a declining market.
In this special edition of L&G Talks Asset Management, we examine three different approaches to diversification.
Our speakers are:
* Elisa Piscopiello, Senior Index and ETF Analyst, who talks about dividend income strategy
* Aude Martin, Head of Pooled Index Investment Specialists, who talks about equal weighting
* Shichen Zhao, ETF Thematic Research Analyst, who talks about the factor profiles of thematic strategies
This podcast is hosted by Harry Brooks, Content Manager, and was recorded on 13 March 2026.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.
This episode is the edited audio of a webinar we held with clients on 5 March to discuss the implications for investors of the recent escalation in the Middle East.
Alongside its profound human and political consequences, the conflict has prompted significant market moves. Among other topics, our speakers covered:
* How the duration of energy market disruption could be pivotal to the investment outlook
* The potential implications for inflation and central bank policy of higher energy prices
* Why government bond yields have moved higher and credit spreads are largely tighter
* The market backdrop in which the conflict has unfolded, including AI-related concerns
* Signals that might prompt us to make material changes to portfolio positioning
Our speakers were Jason Shoup, Global Co-Head of Fixed Income and CIO, L&G – Asset Management, America; Colin Reedie, Head of Active Strategies; and Chris Jeffery, Co-Head of Asset Allocation and Head of Macro.
The webinar was moderated by Laura Brown, Head of Public Markets Distribution.
For professional investors only. Capital at risk.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the US Supreme Court’s ruling on tariffs, concerns around the future of software firms, and what’s behind the dip in long-term Japanese government bond yields.
This podcast was recorded on 24 February 2026 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 23 February 2026 unless otherwise stated.
For professional investors only. Capital at risk.
In late 2024, we published our inaugural Endgame Insights report for DB schemes. With a new version around the corner, here’s a sneak preview of what’s new and how DB schemes are approaching the endgame options they have at their disposal.
Mat Webb, Head of Endgame Solutions, shares his thoughts on:
* What’s different about L&G’s latest Endgame Insights report?
* Key highlights from our recent DB scheme survey results
* Is surplus extraction possible with any endgame option?
* Can DB schemes help to address intergenerational fairness?
Collective Defined Contribution (CDC) schemes are being described as the
next evolution in pensions, yet innovation often comes with challenges.
John Southall, Head of Strategic Research within our Asset Allocation team,
offers his perspective on some key issues, including:
· Who stands to gain and who carries the risk
· Key advantages and drawbacks of CDC
· How to think about intergenerational unfairness
· Unique challenges of retirement-only CDC
This podcast was recorded on February 10, 2026 and is hosted by Sarka
Halas, content manager.
For professional investors only. Capital at risk. Views expressed are of L&G
as at February 2026.
What do the next 12 months have in store for private markets? That’s
the question our panel aims to answer on this week’s podcast.
Discussion focused on what influenced private markets in 2025 and
what key themes we see emerging with 2026 already well under way. We
also looked at specific sectors in more detail, delving into real
estate, digital infrastructure and private credit.
On our panel:
- Rob Martin, Global Head of Research and Investment Strategy
- Bill Page, Head of Real Estate Research
- Dr. James Tyrrell, Research Analyst
- Lushan Sun, Head of Cross-Asset Research
This podcast was moderated by Nick Jardine, content manager at L&G,
and was recorded on 4 February, 2026.
All data from Cliffwater, Bloomberg, PMA and Preqin as of 2026,
unless otherwise stated.
Assumptions, opinions, and estimates are provided for illustrative
purposes only. There is no guarantee that any forecast will come to
pass. It should be noted that diversification is no guarantee against
a loss in a declining market.
How important are dividends as a component of overall equity returns? Which countries offer the best prospects? And how can investors seek to avoid dividend traps?
Elisa Piscopiello, Senior Index and ETF Analyst, shares her answers to these questions and more as we delve into the details of dividend income strategy.
This podcast was recorded on 21 January 2026 and is hosted by Luka Lukic.
All data is sourced from LSEG as at 21 January 2026 unless otherwise stated. Dividend standard deviation versus MSCI World statement via Bloomberg data as at October 2025.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Risk management cannot fully eliminate the risk of investment loss. Dividend yield is not guaranteed and can go down as well as up, and the investor’s returns may vary year-on-year. Past yields are not a guide to future issuances.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the market response to President Trump’s comments on Greenland, how investors can stay the course during periods of volatility, and what’s driving the rally in Asia.
This podcast was recorded on 20 January 2026 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 19 January 2026 unless otherwise stated.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.
In 2026, investors continue to face volatility and uncertainty. How can they seek to access differentiated alpha through targeting potential market dislocation?
In this podcast, Adil Mirza, Senior Fund Manager within our Global High Yield team, shares his views and process.
For professional investors only. Capital at risk.
With pensions adequacy an increasingly critical issue for the industry, we examine how smarter DC investment strategies are more important than ever.
From private markets to hybrid default investment strategies and greater diversification, find out how DC investments are evolving to help unlock long-term growth for DC savers.
In this episode, Dee Campbell, DC Content Manager, is joined by L&G’s investment experts:
John Roe, Head of Multi-Asset Funds
Martin Dietz, Head of Diversified Strategies
Will Chan, Senior DC Strategies Manager
Important information
For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. This information does not constitute a recommendation to buy or sell any security. Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.
It should be noted that diversification is no guarantee against a loss in a declining market. Risk management cannot fully eliminate the risk of investment loss. While L&G has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.
The risks associated with each fund or investment strategy should be read and understood before making any investment decisions. Further information on the risks of investing in this fund is available in the prospectus at. www.fundcentres.landg.com
Views expressed are of L&G as at December 2025.
In this episode of L&G Talks, we catch up with Amelie Chowna, our newly appointed Head of Fixed Income Strategic Initiatives.
Amelie shares her career journey from business school in France to rising through the ranks at L&G and what her new job entails. The conversation also explores challenges and opportunities in fixed income investing, the case for unconstrained strategies, and interesting trends including blending private and public credit.
For professional investors only. Capital at risk.
This special episode marks the publication of our 2026 global outlook, which offers insights across public and private markets after another remarkable year for investors. Topics covered include:
AI-driven capital expenditure and rising government borrowing
* What may need to happen to justify investor bullishness on AI
* Concentration risk in US and global equity markets
* Non-consensus market views for next year and beyond*
You can read the foreword and access the entire report here, on our blog. During the episode, Sonja Laud, our global CIO, is joined by:
Christopher Jeffery, Head of Macro Strategy
* Colin Reedie*, Head of Active Strategies
* David Barron, Global Head of Index and ETFs
* Robin Martin**, Global Head of Investment Strategy & Research, Private Markets
Our panel also share what they are planning to read, watch and listen to over the holidays.
The podcast was recorded on 9 December and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
In this special episode, we discuss our partnership with Blackstone, the world’s largest alternative asset manager. We also offer an overview of private credit and look at the role the asset class could play alongside public credit within investor portfolios.
Our speakers are Jo McCaffrey, Chief Strategy and Product Officer, Asset Management, L&G and Brad Marshall, Global Head of Private Credit Strategies at Blackstone.
Other topics covered include:
· The reasons behind the rapid growth of private credit
· Key investor considerations around the asset class, in particular for the UK Wealth market
· Blackstone’s approach to underwriting investments to mitigate risk
The podcast was recorded on 30 October and was moderated by Max Julius*, Head of Content, Asset Management, L&G.
Source for comments on private credit's history of strong performance: "Leveraged Loans” as represented by Morningstar LSTA U.S. Leveraged Loan Index. “Private Credit” as represented by Cliffwater Direct Lending Indexfrom September 30, 2005 through June 30, 2025, which is latest publicly available data. Total return reflects the sum of annualised income return, annualised realised gain / loss and annualised unrealized gain / loss during the period.
For professional investors only. Capital at risk.*
Europe’s emissions reduction goals are ambitious, with the continent
providing a continually supportive regulatory backdrop to spur a
transition to clean power.
In this episode of L&G Talks Asset Management, we’re joined by
Rosheen McGuckian, CEO of NTR. We discuss the investments needed to
facilitate Europe’s transition and the pace of change required. While
challenges persist, we also address why it may be an opportunity for
investors.
This podcast was recorded on 21 November and is hosted by Nick
Jardine, Content Manager for L&G’s Private Markets platform.
You can listen on: Apple Podcasts, Audioboom and Spotify.
All data points are from BNEF, McKinsey and NTR, unless otherwise
stated.
Listen to our in-house investment professionals share their thoughts on the Budget.
It’s difficult to remember a time when a UK Budget was more nervously anticipated, with UK public finances in a tight spot given elevated debt repayment costs and rising levels of ringfenced spending.
In this podcast, hosted by Laura Brown, Head of Public Markets Distribution, we hear from James Carrick, Senior Economist, on what the Budget could mean for the UK economy and from Joseph England, Senior Portfolio Manager, on what it could mean for UK gilt markets.
This podcast was recorded on 27 November 2025.
For professional investors only. Capital at risk.
A trio of L&G investment experts recently recorded a webinar to discuss the wide-ranging implications of artificial intelligence (AI) for investors.
Advances in AI are continuing to dominate headlines – and reshape the investment landscape. In our webinar a panel of experts discussed the implications of the technology for investors, from the near-term market trajectory to its impact on economic growth and infrastructure spending.
The event was hosted by Laura Brown, Head of Public Markets Distribution, and featured the following speakers:
Jason Shoup, Chief Investment Officer, Asset Management, L&G America, and Co-Head of Global Fixed Income
* Christopher Jeffery, Head of Macro Strategy
* Matteo Colombo*, Managing Director Digital Infrastructure Investing – Private Markets Investments
All data sourced from Bloomberg as at 7 November unless otherwise stated.
Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. It should be noted that diversification is no guarantee against a loss in a declining market.
Our Head of Solutions Distribution joins the podcast to share our latest endgame thinking for DB schemes.
It won’t have escaped DB clients’ attention that there’s recently been significant talk of surplus extraction. However, we strongly believe it’s important not to lose sight of the reason we’re here in the first place: to help schemes meet their core fiduciary duty to pay all members’ pensions as they fall due, with a buy-in or buyout usually seen as the gold standard objective for many trustees.
To discuss all this and more, our Head of Solutions Distribution, Lara Edmonstone-West, gets behind the microphone.
This podcast was recorded on 22 October 2025. All data points sourced from the PPF and L&G.
For professional investors only. Capital at risk.
These two investment styles are often positioned as opposites, but this framing may obscure the complex interplay between them.
Instead, Ayah Habboub, and Index Researcher in L&G’s Index Solutions team, argues that designing growth strategies in a way that is agnostic to value could allow investors to capture the market returns unique to each factor.
This podcast was recorded on 17 October 2025 and is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.
How is the mass adoption of AI changing the labour market? Could this technology shift the balance of geopolitical power? And can investors access this theme without increasing concentration risk?
In this week’s episode, three L&G experts share their insights. Our speakers are:
* James Carrick, Senior Economist and Strategist
* Matthew Rodger, Economist
* Andrzej Pioch, Fund Manager
This episode was recorded on 10 October 2025 and is hosted by Harry Brooks, European Content Manager.
Sources:
* AI as percentage of US Q1 GDP: L&G calculations, Macrobond, Artificial Analysis, AI spend includes computer, software, data centre and electricity investment. Investment not adjusted for import component as at 30 June 2025.
* US and China make up 80% of AI: EPOCH AI as at June 2025.
* AI spillover and multiplier effects: Honey, AI Capex is Eating the Economy
* US Census Bureau estimate of AI capex: Macrobond as at June 2025.
For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on political turbulence in the US, France and Japan, and considers whether the structural drivers behind the rising gold price can support continued gains.
This podcast was recorded on 8 October 2025 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 7 October 2025 unless otherwise stated.
For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
In today’s interconnected markets, we believe taking a global approach to managing fixed income assets is essential, as economic or political developments in one region can have a significant impact around the world.
In the latest episode of L&G Talks Asset Management, Colin Reedie and Jason Shoup, Co-Heads of Global Fixed Income at L&G, had a transatlantic conversation on the benefits of thinking and acting globally, and discussed:
* What a global approach to active fixed income really means—and how it works in practice
* How to balance regional expertise with a globally consistent approach
* The inside story on our global meetings and debates, and how the outcomes shape our regional positioning
* Insights into current market dynamics that affect investors around the world from US exceptionalism, to emerging markets and AI
For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
This week on L&G Talks Asset Management we bring together a panel of leading experts to discuss one of the most talked-about technology topics: quantum computing.
Our panel explains why quantum represents a paradigm shift in computing, particularly given recent advances in artificial intelligence. From an investor standpoint, we’ll also look at why we believe now is the time for interested investors to seek out exposure to quantum companies.
Hosting the discussion we’ve Alastair Stewart, Head of Investments for Venture Capital, L&G.
Joining the conversation we have:
Alessandro Curioni - Vice President of IBM Europe and Africa and Director of the IBM Research Lab in Zurich, Switzerland. Alessandro is a world-leading expert on quantum computing and also part of L&G’s venture capital advisory board.
John Morton – Founder and CTO, Quantum Motion. In addition to being the founder of multiple quantum start-ups, John is also a leading professor at University College London.
Chloe Hall - Senior Investment Manager - Venture Capital, L&G. In addition to her work with L&G, Chloe has been a board-level representative in several growth-stage deep tech companies.
For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The included information does not constitute a recommendation to buy or sell any security.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on upcoming central bank decisions, and explains why market returns, economic growth and sentiment don’t always run in parallel.
This podcast was recorded on 17 September 2025 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 17 September 2025 unless otherwise stated.
For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
Anyone who has spent time thinking about markets is likely to have heard at least a few time-honoured investing aphorisms.
But do they actually work?
In this episode, three experts discuss the findings from their recent whitepaper, which aimed to answer this question, separating the pearls of wisdom from the specious sayings. Our speakers are:
- Christopher Jeffery, head of macro strategy
- Christopher Teschmacher, fund manager and head of asset allocation investment specialists, and
- Patrick Greene, strategist
This podcast is hosted by Dee Campell, DC Content Manager, and was recorded on 8 September 2025.
To read the whitepaper, search for ‘L&G insights’, where you’ll find all our latest thought leadership.
It should be noted that diversification is no guarantee against a loss in a declining market. For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the latest drama at the US Federal Reserve, political developments in France, and China’s equity market rally.
This podcast was recorded on 3 September 2025 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 3 September 2025 unless otherwise stated.
For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the steepening of the yield curve, the collision of politics and economic data, and bumper earnings from the US tech giants.
This podcast was recorded on 6 August 2025 and is hosted by Harry Brooks.
All data is sourced from LSEG as at 5 August 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.
On this week’s L&G Talks Asset Management, we cover how UK universities are creating a nexus for Private Markets investment. Our recent research covered this subject, and discussion focused on some of the key points it raised, along with potential investment implications.
Our panel consisted of:* Bill Page, Head of Real Estate Research, L&G * Melissa Lockett, Investment Director, Investment & Place Partnerships, L&G
You can listen on: Apple Podcasts, Audioboom and Spotify.
This podcast is hosted by Nick Jardine, Content Manager – Private Markets, at L&G. It was recorded on 29 July, 2025.
Sources:
Beauhurst, Spotlight on Spinouts, 2024, L&G
StuRents, Knight Frank, December 2024
HESA, 2025
L&G calculations form ONS workforce jobs data, 2025
London Economics/Universities UK – The impact of higher education
sector on the UK economy, Aug 2023
For professional investors only. Capital at risk.
Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on early signs that tariffs are having an impact on US inflation, volatility in Japanese government bonds and what’s driving AI stocks.
This podcast was recorded on 23 July 2025, and is hosted by Harry Brooks.
All data is sourced from LSEG as at 23 July 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
In this special and wide-ranging episode, Eric reflects on his journey through the asset management industry and the personal values that informed his decision to join L&G.
"Humility is key - and I think I learned that in my upbringing," he says.
Speaking with Jo McCaffrey, Chief Strategy and Product Officer for our Asset Management business, Eric also discusses his ambitions for our business, the democratisation of private markets, our approach to market volatility and why French is his favourite language but Italian is his favourite food. This podcast was recorded on 30 June, 2025.
Source for percentage of pension risk transfer deals originating from existing clients: L&G 2024 full year results. All other figures cited L&G as at 30 June 2025 unless otherwise stated.
For professional investors only. Capital at risk.
We recorded this special episode to mark the publication of our midyear global outlook, which offers key views across public and private markets after a particularly eventful first six months of 2025. Topics covered include:
Long-term implications from the tariffs-related volatility spike
How our AFI team in Chicago is navigating policy uncertainty
The approach taken by our Multi-Asset team to USD assets
The outlook for private market assets – and their role in portfolios
Addressing concentration risk within index and ETF strategies
During the episode, Sonja Laud, our Global CIO, was joined by:
Anthony Woodside, Head of Multi-Sector Fixed Income & Investment Strategy, Asset Management, AmericaChristopher Jeffery, Head of Macro StrategyDavid Barron, Global Head of Index and ETFsRob Martin, Global Head of Investment Strategy & Research, Private Markets
The speakers also offer non-consensus market views for the next six months – and share what they are planning to read and watch over the summer.
The podcast was recorded on 3 July and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
Ben Bennett, Head of Investment Strategy Asia, shares his thoughts on the market impact of the Middle East conflict. Also on the agenda is possible rates divergence between the US and Europe, the shortcomings of economic data, and why GDP per capita may not tell the whole story of emerging markets.
This podcast was recorded on 24 June 2025.
All data is sourced from LSEG as at 24 June 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only.
With market volatility front of mind in 2025, we explore equity market concentration risk and what can be done to mitigate it.
Our speakers are Aude Martin, Head of Pooled Index Investment Specialists, and Andrzej Pioch, a Fund Manager specialising in multi-asset strategies in our Asset Allocation team.
All data from Bloomberg as at 5 June 2025 unless otherwise stated.
For professional investors only. Capital at risk. Past performance is not a guide to the future. It should be noted that diversification is no guarantee against a loss in a declining market. Securities are mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.
What does it mean when we say an active fixed income strategy is “unconstrained”? What difference does it make when a fund is not tied to a benchmark? And what is it about the present moment that could make this an attractive option for navigating market volatility?
To answer these questions and give his insights into what could determine performance in fixed income for the rest of the year, this week we’re joined by Enda Mulry, Portfolio Manager in our Global Bond Strategies team.
This episode is hosted by Andrew Lowry, European Content Manager. For professional investors only. Capital at risk.
This week, we tackle part of the private credit universe that doesn’t
often get much airtime. That’s ‘crossover credit’ – or in other
words, the part of the market that sits between investment-grade and
sub-investment-grade credit.
Talking us through this episode is Stu Hitchcock, L&G’s Head of
Private Credit Portfolio Management. Stu addresses the size of the
crossover market, the types of deals that may utilise this form of
credit and how it may fit into a portfolio.
Asking the questions is Nick Jardine, Content Manager for L&G’s
Private Markets platform.
All data is sourced internally from L&G as of June 2025, unless
otherwise states.
For professional investors only. Capital at risk.
Source: Moody’s Annual Default Study, 2023. Based on issuer-weighted average
default rates and issuer-weighted senior unsecured bond recovery
rates, from 1983-2023.
What is a money market fund? Why do investors use them? And how might the path of interest rates, technological change and regulation affect the outlook for these funds?
Our guest for this podcast is Ross McDonald, a Liquidity Investment Specialist at L&G, to learn more about this sometimes overlooked – but crucial – part of the investor’s toolkit.
All data is sourced from Bloomberg as at 22 May 2025 unless otherwise stated.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.
Ben Bennett, Head of Investment Strategy Asia, shares his thoughts on the rebound in risk assets following the preliminary US/China trade deal. Also up for discussion are the rapid repricing of the Hong Kong dollar and what April’s inflation surprise in the UK means for the path of interest rates.
All data is sourced from LSEG as at 21 May 2025 unless otherwise stated.
For professional investors only. Capital at risk.
2025’s macro turbulence has been well documented; but is there opportunity among the uncertainty?
As we approach the year’s halfway point, we look at what the economic environment means for private markets, looking at where we stand now and what may lie ahead in the medium term.
We’re joined by Rob Martin, Head of Investment Strategy and Research for L&G’s Private Markets platform, and Lushan Sun, Head of CrossAsset Research. Asking the questions and hosting is Nick Jardine, Content Manager for L&G’s Private Markets Platform.
This podcast was recorded on 16 May 2025.
Sources:
L&G, as of May 2025
MSCI, as of May 2025
Mckinsey & Co, as of January 2023
Preqin, as of May 2025
**For professional investors only. Capital at risk.
For illustrative purposes only. Views expressed are of L&G as at 15 April 2025. The information in this podcast is for information purposes only and we are not soliciting any action based on it. It is not a recommendation to buy or sell securities or pursue a particular investment strategy. It is not investment, legal, regulatory or tax advice.**
Ben Bennett plots the path of interest rates in the US and UK, examines the factors driving the equity market rebound, and explains why possible tariffs on non-US films could have ramifications far beyond Hollywood.
All data is sourced from LSEG as at 6 May 2025 unless otherwise stated.
Taiwan dollar move source: Taiwan dollar's record rally is a trade-war tremor | Reuters
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
Following the publication of a major new research paper, Raj Shah, a Senior Quant and Factor Strategist within our Index Solutions team, delves into the question of whether factor portfolios can be decarbonised without losing their underlying risk and return characteristics.
This podcast is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market. There is no guarantee ESG targets will be achieved.
In another week of volatility for US assets, Ben Bennett dissects the market reaction to frictions with the Fed, considers the path of the dollar, and shares his verdict on whether the era of American exceptionalism is at an end.
All data is sourced from LSEG as at 21 April 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.
At the beginning of the year, a narrative of US exceptionalism was the consensus among many market participants.
However, significant policy uncertainty emanating from the Trump administration has driven a significant rotation away from US risk assets and sent shockwaves around the global economy.
What can investors conclude from the turbulence of the first quarter of 2025 - and what does this all mean for American fixed income? This week, we're doing a deep dive to answer these questions and more.
This episode is hosted by Andrew Lowry in London; he is joined by Jason Shoup, CIO and Co-Head of Global Fixed Income, and Anthony Woodside, Head of Multi-Sector Fixed Income & Investment Strategy, both at the Chicago office of L&G's Asset Management division.
This podcast was recorded on April 15 2025.
For professional investors only. Capital at risk.
In this episode, we explore Defined Contribution (DC) investments and the changing reality of retirement. Our DC Head of Clients, Jayesh Patel, and clinical psychologist, Dr Emma Hepburn, join us to discuss the gap between retirement expectations and retirement realities.
For professional investors only. Capital at risk.
Our expert panel discusses the remarkable shift in the market narrative, which has accompanied a rotation away from some of the best-performing assets of 2024, and what investors can expect over the coming months.
During the episode, our latest CIO call, our speakers are Sonja Laud, our Global Chief Investment Officer; Colin Reedie, Head of Active Strategies; Jason Becker, Head of US Credit strategy, Asset Management, America; and Tim Drayson, Head of Economics.
Among other points, they cover:
* How shifts in US and European policy are likely to affect the global economy
* The reasons behind the rotation currently underway in markets
* The prospects for fixed income and equities in light of the murky macro outlook
* Our own positioning within risk assets
In addition, the speakers also share what they have been reading, watching and listening to recently.
The podcast was recorded on 26 March and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
Ahead of World Water Day on 22 March, this week’s podcast considers the global challenge of improving access to clean water and examines the intersection of technology and water. While AI’s thirst for water is in the spotlight, the technology also promises meaningful efficiency gains in water management.
Our speakers are:
- Alex Burr, Director, Investment Stewardship
- Elisa Piscopiello, Senior ETF Analyst
- Shichen Zhao, ETF Thematic Research Analyst
This podcast is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass.
This week on the podcast, we’re looking at the UK, exploring what might be in store for investors in real estate and certain related asset classes.
The discussion focused on the macro picture we’re seeing at the moment, which sub-sectors may represent attractive investment opportunities and what certain private markets investors are saying about the UK.
Joining for this episode we have:
Neil Meikle – Head of Real Estate Capital Raising, L&G
Michael Adefuye – Senior Research Manager, Private Markets, L&G
This podcast is hosted by Nick Jardine, content manager for private markets.
For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Ben Bennett, Head of Investment Strategy for Asia, discusses what Germany’s parliamentary election might mean for the future of the country’s much-discussed debt brake. Also on the agenda is the rally in Chinese tech stocks, and how political polarisation is influencing inflation forecasts in the US.
All data is sourced from Eikon as at 24 February 2025 unless otherwise stated.
For professional investors only. Capital at risk.
How has the emerging market debt universe changed in recent decades? What are the portfolio use cases for these assets? And what is the role of emerging markets in a multi-polar world?
Answering these questions and more are Uday Patnaik, Head of Emerging Market Debt in our Active Strategies team, and Erik Lueth, Emerging Market Economist in our Asset Allocation team.
This episode is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk.
Ben Bennett, Head of Investment Strategy for Asia, shares his take on the big topics in markets today. On the agenda are the first few weeks of the second Trump presidency, some mixed messages from the UK’s central bank, and strong performance from Europe’s equity markets.
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 11 February 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
This week on LGIM Talks, the cameras are rolling as we sit down for a special video edition of the podcast. We’re joined by Bill Hughes, Global Head of Private Markets and Rob Martin, Global Head of Investment Strategy and Research, for a hugely informative chat centred on L&G’s Private Markets platform. The pair tackle both recent events and long-term secular trends, assessing how the private markets space is likely to be impacted by both.
This podcast is hosted by Nick Jardine, content manager for private markets.
For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Ahead of the release of an in-depth research paper, John Southall, Head of Strategic Research in our Asset Allocation team, delves into FX hedge ratios. Topics up for discussion include why the FX hedging debate matters for investors today, two big factors that are often overlooked, and conclusions from analysis of a century of equity market data.
This podcast is hosted by Harry Brooks, Content Manager. Analysis is based on LGIM calculations of data from sources including the Bank of England, Fama French database and Bloomberg.
For professional investors only. Capital at risk.
Join Sonia Laud, our Chief Investment Officer, as she shares her thinking on the key themes that should now be on investors’ radars.
In this week’s podcast, we’re delighted to share a special presentation from our CIO, Sonja Laud, who spoke recently as part of a client webinar held in partnership with Professional Pensions.
In her presentation Sonja covers:
- Her assessment of what led to strong equity market performance in 2024
- Factors to consider when weighing up where to invest in 2025
- How UK bond markets are currently positioned amid rising yields
For professional investors only. Capital at risk.
Ben Bennett, our Head of Investment Strategy for Asia, dissects the recent rise in government bond yields, and market mood ahead of Donald Trump’s inauguration on Monday. Also up for discussion are earnings season expectations, supply-side oil pressures, and what might be the most disappointing Christmas present on record.
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 14 January 2025 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
What role does Asia play LGIM's global growth strategy?
To find out, this month we sit down with Natasha Mora, MD of LGIM Asia, to learn about our presence in one of the most economically dynamic areas of the world. In a broad-ranging discussion, we cover Natasha's background in law, the unique characteristics of the Asian market, her favourite places to visit in the region - and much more.
This episode is hosted by Andrew Lowry, Content Manager.
For professional investors only. Capital at risk.
We recently published our outlook for private markets in 2025, looking at some of the factors potentially impacting these assets over the next 12 months.
In this edition of LGIM Talks, we dive into some of the sub-sectors of private markets in a little more detail, looking at what the year ahead might have in store.
Joining us we have:* Matteo Colombo, Head of Digital in Infrastructure, to assess the environment for digital infrastructure assets. * Ali Farrell, Fund Manager and Simon Century, Head of Capital Investing, to chat all things affordable housing * Chris Hopkins, Head of Venture Capital, to address the UK university spinout space
This podcast is hosted by Nick Jardine, content manager for private markets.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM blog for more insights. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Sources:* Grand View Research, as of May 2024 * Green Street, as of October 2024 * CBRE, Q3 2024 * Hostinger Tutorials, AI statistics and trends: New research for 2025 * Legal & General internal research, as of September 2024 * Social housing lettings in England, tenants: April 2022 to March 2023 - GOV.UK * 159,000 children homeless - Shelter England - Shelter England * National Housing Federation - Building new homes * 2
How have markets reacted to political turmoil in France and South Korea? Will central bankers in Europe and the US remain on the same rates path? And why can’t a team of 1,000 economists predict a recession with any degree of certainty?
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 10 December 2024 unless otherwise stated.
For professional investors only. Capital at risk.
In a special podcast ahead of the publication of our 2025 global outlook, our experts offer key views across public and private markets in what promises to be yet another dramatic year for investors.
On our panel is Sonja Laud, Global CIO; Christopher Jeffery, Head of Macro Strategy; Colin Reedie, Head of Active Strategies; Rob Martin, Global Head of Investment Strategy & Research, Private Markets; and Howie Li, Global Head of Index and ETFs.
Among other points, they cover:
- Key market dynamics over 2024 – and how they might evolve next year
- What we expect from key asset classes within private markets
- Positioning within our Active Fixed Income and Multi Asset teams
- Concentration risk within equities
The podcast was recorded on 4 December and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
In this episode, we explore the crucial role that mathematics plays in modern investment strategy. We also discuss how human irrationality shows up in investment behaviour and share practical ideas for numerically minded students considering a career in the industry.
This episode features Fadi Zaher, Head of Index Solutions, and Aanand Venkataraman, Head of ETFs, and is hosted by Harry Brooks, Content Manager.
For professional investors only. Capital at risk.
Will the US Federal Reserve cut rates again in December? How is dollar strength affecting Europe and Japan? And why have markets been unmoved by the policy support announcement from China?
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 20 November 2024 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Earlier this month, representatives of 196 countries gathered in Columbia for the United Nations’ COP16 – the world’s largest biodiversity summit. It was two years ago at COP15 - when governments struck a historic deal to halt the destruction of ecosystems. So, COP16 had big boots to fill! But what actually happened at the summit and what could it mean for the planet and investors?
In this episode, we interview two climate and nature experts in our Investment Stewardship team – Alex Burr, ESG policy lead, and Toby MacKean, ESG
analyst. Alex and Toby flew out to Columbia for the summit and will be sharing their ‘on the ground’ perspectives to help us navigate the event and its potential impact.
For professional investors only. Capital at risk.
Following Donald Trump’s historic comeback, we assess the key implications for investors in a special podcast recorded hours after the result was announced.
During the call, Sonja Laud, LGIM’s Chief Investment Officer, is joined by Jason Shoup, CIO and Co-Head of Global Fixed Income at LGIM America, and Tim Drayson, Head of Economics at LGIM. They also cover:
- The immediate market reaction to the election result – and whether we think this is sustainable, including the longer outlook for Treasuries and the US yield curve
- The interplay between tariffs, growth and inflation – and potential impact on monetary policy worldwide
- How Trump’s victory might affect the geopolitical makeup of an increasingly multi-polar world
The podcast is the edited audio from a client webinar held on 6 November, moderated by Mark Johnson, Head of UK, Institutional and Wholesale.
For professional investors only. Capital at risk.
The goal is to allocate more capital to the business opportunities the transition creates, while simultaneously driving down emissions over time.
Traditionally investors and companies have asked the question: “How should an investor balance a focus on reducing their climate impact with a desire for financial returns?” However, it is our firm belief that we could be asking a different, more positive question: “How can these opportunities and risks be addressed simultaneously?”
In our latest Climate Solutions podcast we delve into the detail of climate action investing. Why do we see the need for a more active approach? What’s a method investors can employ to seek to reduce emissions and target returns simultaneously? And practically speaking, how do we believe value can be unlocked from the energy transition?
Our Head of Climate Solutions, Nick Stansbury and Robert White, our Head of Active Equities, explain all.
To discover more about climate action investing, please read our latest whitepaper Climate change: Inaction is not an option https://blog-cms.lgim.com/globalassets/lgim/_document-library/climate-change-inaction-is-not-an-option-whitepaper-final.pdf
For professional investors only. Capital at risk.
Has the blistering rally in Chinese equities got further to go, or was that it? What do strong jobs numbers out of the US tell us about the likely path of interest rates? And how could the arrival of a new prime minister in Japan affect the strength of the yen?
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 8 October 2024 unless otherwise stated.
For professional investors only. Capital at risk.
For the latest in our quarterly series of updates on the global fixed income market, LGIM’s Head of Euro Credit Marc Rovers gives us a detailed briefing on where the European debt market is, and where it may be heading.
In a broad-ranging discussion, we cover what lay behind the late summer’s sporadic spikes in volatility, potential European spillover effects from the US election, why bond issuance is running at an all-time high – and much more.
This episode is hosted by Andrew Lowry, European Content Manager.
For professional investors only. Capital at risk.
Many of the themes at the heart of the US election are of immense importance to investors. As the presidential race enters its final stage, we discuss the key investment implications.
During the podcast, Sonja Laud, LGIM’s Chief Investment Officer, is joined by three colleagues from LGIM America: Jason Shoup, CIO and Co-Head of Global Fixed Income; Jason Becker, Head US Credit Strategy; and Anthony Woodside, Head of Multi-Sector Fixed Income & Investment Strategy. They cover:
Our view that the risk of a “sweep” vote may be underpriced by markets
* The implications for fiscal and monetary policy under a Harris or Trump administration
* The outlook for US credit markets and EM fixed income under different outcomes
* Broader themes in common with elections elsewhere globally, not least the focus on immigration*
In addition, our speakers offer their usual recommendations for extracurricular reading and viewing material.
The podcast was recorded on 23 September and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
What does it take to rise up the ranks of investment distribution? And how has the advent of hybrid working and the demise of corporate hospitality changed the business of selling funds?
In this episode, Ben Cherrington, LGIM’s Head of UK Wholesale, shares candid insights from more than two decades spent at some of the best-known asset managers, and explains why it’s a tougher business now than ever before.
This episode is hosted by Harry Brooks, Content Manager.
Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
What was behind last month’s ‘flash crash’ and last week’s smaller wobble? Does the dis-inversion of the US treasury yield curve signal recession? And what are markets telling us about the likely path of interest rates in the US, Europe and the UK?
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 10 September 2024 unless otherwise stated.
For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
It’s been more than a year since Robert Waugh took over as the independent chair of the Legal & General Mastertrust’s board of trustees.
In our latest DC podcast, Robert and Kim Brown, Head of Mastertrust & IGC, review the highlights and challenges of his first year in post, the implications of a change of government – which had been elected just two weeks before their conversation – and Robert’s ambitions for the future.
Kim also finds out more about the man behind the role including Robert’s interests and what he’d recommend from his recent reading list.
For professional investors only. Capital at risk
With surplus extraction now a realistic proposition for many DB schemes, ‘run-on’ could be an increasingly popular endgame option.
In our latest DB podcast we continue our discussion of the endgame options available for DB pension schemes, and in particular, why the government’s review of the regulation around surplus extraction could potentially lead to increased desire among pension trustees to consider ‘running on’ their scheme.
And what do the terms ‘run-on’ and ‘surplus’ mean in the first place?
Mathew Webb, Legal & General’s Head of Endgame Solutions, explains all.
For professional investors only. Capital at risk
We’re taking a short break from the pod but we’ll be back on 22 August with more news and views from across our investment teams.
What can the summer of sport tell us about the power of the world’s biggest brands? How can brand value be quantified? And why might investors seek to add exposure to the owners of the strongest global brands?
Delving into these questions in this episode are:
Henry Farr, Director, Brand Finance®
Ellie Piscopiello, Senior ETF Analyst, LGIM
This podcast is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk.
Securities are mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Sources:
Sponsorship value of 2024 Olympics: CNN, July 2024
Roger Federer’s endorsement portfolio: Forbes, 2023
Financial characteristics of owners of global brands refers to top 100 global brands as per Brand Finance®'s ranking for the seven years ended 31 December 2022. ‘Mega cap peers’ refers to companies with market cap over $15bn
Nike logo history: Reuters, 2023
How should investors interpret the latest twists and turns in the race for the White House? What’s behind the rise in US small-cap stocks? What should investors conclude now that China’s third plenum has ended? And why is August such a special month for our very own Ben Bennett, Head of Investment Strategy, Asia?
This podcast is hosted by Frances Watson, Senior Content Manager.
All data is sourced from Eikon as at 22 July 2024 unless otherwise stated.
For professional investors only. Capital at risk.
Is investor interest in private markets set to continue? Or has their appeal been hit by the interest rate cycle of the last two years? And how can investors position themselves to align with the megatrends shaping the investment environment of the future?
Andrew Lowry, Content Manager at Legal & General, is joined by Rob Martin, Global Head of Investment Strategy and Research for Private Markets, and Infrastructure Strategist, Marija Simpraga, to discuss the potential factors driving performance in private markets for the rest of 2024 - and beyond.
This episode was recorded before Joe Biden’s decision to withdraw from the US presidential campaign.
For professional investors only. Capital at risk.
With so much to uncover about how private market investments could fit into DC pension fund strategies, we look at some of the challenges and how they might be addressed.
Rita Butler-Jones, Head of DC at Legal & General, is joined by Christy Lindsay, Head of Private Markets Distribution, and Martin Dietz, Head of Diversified Strategies, to discuss what we mean by private market investments, the potential benefits of these type of assets for DC savers, and the obstacles that need to be overcome to access opportunities for scheme members in a responsible way.
For professional investors only. Capital at risk.
The accuracy of opinion polls has meant that the initial reaction of sterling assets to a new government has been relatively muted. But irrespective of a change of politicians, for investors the key issues remain the same – namely the rise of geopolitics, immigration, deglobalisation and fiscal versus monetary policy.
In this podcast, our panel of experts - Sonja Laud, Chief Investment Officer, James Carrick, Global Economist and Chris Jeffery, Head of Macro Strategy - discuss the issues facing today’s investor, while concluding that, given combined risks have increased, our preference, as ever, is to achieve the right mix of uncorrelated asset classes and return profiles.
This podcast is hosted by Mark Johnson, Head of UK Institutional & Wholesale and was recorded on 05 July 2024.
For professional investors only. Capital at risk.
How should investors aim to navigate the wave of election uncertainty currently enveloping financial markets? Is Nvidia a classic example of concentration risk? And to what extent might ballooning deficits impact global productivity? Ben Bennett, Head of Investment Strategy, Asia also explains why central bankers are keen to see a weaker dollar relative to other currencies.
This podcast is hosted by Frances Watson, Senior Content Manager.
All data sourced from Bloomberg as at June 2024.
For professional investors only. Capital at risk.
In this special episode, we mark the publication of our 2024 Climate Impact Pledge report, by discussing the highlights and key findings of our engagement efforts over 2023 and 2024 so far.
Launched in 2016, through our Climate Impact Pledge, we encourage companies to reduce climate change risks and transition to a net-zero economy.
Join Stephen Beer, Head of Responsible Investment Strategic Relationships and ESG Analysts, Anna Hirai and Cristy Rodriguez as they explain how the Pledge works, which sectors have scored well and which fell short, and what ‘engagement with consequences’ means.
For professional investors only. Capital at risk.
Whilst LGIM has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.
All data sourced from LGIM's 2024 Climate Impact Pledge as at June 2024
As bond investors look towards the second half of 2024, we hear from Colin Reedie, Head of Active Strategies, regarding the myriad of forces driving financial markets currently. Colin also gives us a deep dive into credit spreads, all-in yields, the return of fiscal policy and makes some interesting parallels with the 1970s which, he believes, could shape the remainder of this year and next.
This podcast is hosted by Frances Watson, Senior Content Manager, and was recorded before the FOMC meeting on 12 June 2024.
Yield data is sourced from LGIM and Bloomberg as at 13 May 2024.
For professional investors only. Capital at risk.
Where next for investors in light of the Indian election result? Are Chinese bond yields seemingly low relative to their Western counterparts, or should they be even lower given China’s underlying structural problems? And will the upcoming US payrolls add to the narrative of a cooling US economy? Ben Bennett, Head of Investment Strategy, Asia explains all.
This podcast is hosted by Frances Watson, Senior Content Manager and was recorded before the European Central Bank decision.
All data is sourced from Eikon as at 04 June 2024 unless otherwise stated.
For professional investors only. Capital at risk.
Saturday 8 June is World Ocean Day, which this year has the theme of catalysing action for our ocean and climate. It’s a timely reminder of the vital importance of water, and the increasing gap between supply and demand.
But what’s the economic cost of water scarcity, and how might technology help provide some solutions? Discussing these ideas are:
· Alex Burr, our ESG Policy Lead within our Investment Stewardship team
· Ellie Piscopiello, Senior ETF Analyst
· Shichen Zhao, ETF Thematic Research Analyst
This podcast is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk.
Sources:
-
CDP estimate of the financial impact of water risks: Huge financial opportunity revealed from tackling global water crisis - CDP
-
Water consumption of ChatGPT: Study from researchers at the University of Colorado Riverside and the University of Texas Arlington in the US
-
Economic impact of lack of access to clean water: The World Bank: Water overview, 2024
-
Water demand to outstrip supply by 40% by 2030: The Guardian: Global fresh water demand will outstrip supply by 40% by 2030, say experts, 2023
-
Water tech growth estimate: GWI, Straits Research, Transparency Market Research, Precision Business Insights, Data Intelligence, 2023
-
UK water company spending estimates: https://www.water.org.uk/news-views-publications/news/water-companies-propose-largest-ever-investment
-
Digital water solutions and services market growth estimate: Global Digital Water Solutions and Services Market Research Report Feb 2023
-
European Investment Bank water infrastructure project spending: European Investment Bank: Maximising scarce resources: EIB updates its water sector policy, 2023
-
US Bipartisan Infrastructure Law spending on clean water initiatives: https://www.epa.gov/infrastructure
Are tighter lending conditions finally impacting the US consumer? What’s behind the apparent divergence in equity and credit markets? And why is the price of the red metal on the rise? Ben Bennett, Investment Strategist APAC explains all. Ben also touches on UK inflation and Chinese bonds.
This podcast is hosted by Frances Watson, Senior Content Manager and was recorded before the release of Nvidia’s Q1 earnings.
All data is sourced from Eikon as at 21 May 2024, unless otherwise stated.
For professional investors only. Capital at risk.
In a follow-up to our February podcast that introduced commodities as an asset class, we return to the subject. This time around, we explore the intersection of geopolitics and commodities, how the transition to clean power is changing demand patterns, and the outlook for some specific commodities – including the yellow metal. Our speakers are Elisa Piscopiello, Senior ETF Analyst, and Francisco Blanch, who is Managing Director, Head of Global Commodities and Derivatives Research at Bank of America.
This podcast is hosted by Harry Brooks, Content Manager.
Figures on the declining cost of renewable power are from BloombergNEF as at June 2023.
For professional investors only. Capital at risk.
With DB schemes maturing rapidly amid higher funding levels, talk of endgame strategies is all around.
Yet what specifically are we referring to when we talk about a scheme’s endgame? And what are the different endgame options available to schemes?
Lastly, how can investment portfolios be managed to help schemes build a bridge to their chosen endgame destination?
Lisa Purdy, Head of DB Solutions Distribution, and Ian Blake, Senior Solutions Strategy Manager, explain all.
For professional investors only. Capital at risk
With strong US growth and sticky inflation, why is Jay Powell still in patient mode on the interest rate front? What’s behind the near 20% rally in the Hang Seng index since the start of the year? And why the fall in the price of Brent crude oil? Ben Bennett, Investment Strategist APAC explains all.
This podcast is hosted by Frances Watson, Senior Content Manager.
All data is sourced from Eikon, as at 01 May 2024, unless otherwise stated.
For professional investors only. Capital at risk.
To coincide with the launch of LGIM’s 13th annual Active Ownership report, we discuss the depth and breadth of our work in 2023 on the issues of nature, biodiversity and artificial intelligence, while also discussing what’s front of mind for 2024.
The panellists are:
Michael Marks, Head of Investment Stewardship and Responsible Investment Integration
Madeleine King, Head of Research and Engagement for Investments
Shuen Chan, Head of Responsible Investment & Sustainability, LGIM Real Assets
This podcast is hosted by Harry Brooks, Content Manager.
Apart from those listed below, all numbers quoted in this podcast are from LGIM’s Active Ownership report, 2023.
The figure relating to our assets under management in UK real estate equities is from internal LGIM data as at 31 March 2023. Figures cited in relation to the Ecuador debt-for-nature swap are cited in the Reuters article ‘Ecuador seals record debt-for-nature swap with Galapagos bond’, published May 2023.
For professional investors only. Capital at risk.
Advances in technology, population change, decarbonisation and geopolitical pressures are both catalysing new industries and rendering some assets obsolete.
To make sense of these rapid changes, the LGIM Real Assets Research Team has defined four megatrends they expect to drive private investment performance and capital allocations for the remainder of the decade and beyond.
In this broad-ranging discussion, Global Head of Investment Strategy and Research for LGIM Real Assets Rob Martin and Research Manager Matt Soffair introduce these investment themes, identify the sectors they think are in most alignment with them, and break down the structural factors they believe will drive returns for years to come.
For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The information in this podcast does not constitute a recommendation to buy or sell any security.
All data is sourced from Bloomberg as at 15 April 2024 unless otherwise stated.
How do investors price in geopolitical tensions? And with fewer than two US interest rate cuts now priced into markets, is there any stopping the rise of the US dollar? Against the prevailing market backdrop, what is our take on equities, credit and sovereign bonds? Ben Bennett, Investment Strategist APAC, explains all.
This episode was recorded on 17 April 2024.
All data sourced from Eikon, Bloomberg as at 16 April 2024.
For professional investors only. Capital at risk.
In our first official CIO call of 2024, we weigh how the macro, political and geopolitical outlook might affect the already-impressive rally notched up by many risk assets thus far this year.
During the episode, Sonja Laud, LGIM’s Chief Investment Officer, is joined by Emiel van den Heiligenberg, Head of Asset Allocation, and Tim Drayson, Head of Economics. The panel also discuss:
* The narrow “Goldilocks” scenario that markets are currently pricing
* How the US Federal Reserve might respond to its inflation setback
* Our positioning across multi-asset portfolios
* Why we favour a selective approach to emerging market assets
* The importance of humility in forecasting
In addition, the panel offer their usual recommendations for extracurricular reading and viewing material.
This podcast was recorded on 11 April and was moderated by Max Julius, Head of Content.
For professional investors only. Capital at risk.
With a wave of new regulation and an ever-increasing range of investment products and solutions from which to choose, the job of wealth managers and financial advisers has not been easy. In this special episode, our panel provides the answers to the questions that are front of mind for financial advisers; namely where do they sit in terms of active versus passive investing, model portfolios or multi-asset investing? Traditional versus alternative assets? And what are the key emerging trends in the industry?
The panel consists of:Richard Romer-Lee, CEO of Square Mile, Connor Sloman, Managing Director, Morningstar, and James Crossley, Head of UK Wholesale at LGIM.
For professional investors only. Capital at risk.
As we head towards the end of the first quarter, Ben Bennett, Investment Strategist APAC, examines the reasons behind equity and credit strength despite sovereign bond yields remaining relatively high. He also explains why, despite the Bank of Japan raising interest rates for the first time since 2007, the yen failed to strengthen.
This podcast is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
In light of a solid macroeconomic backdrop for emerging markets, and a benign currency outlook, why is investor positioning for emerging market debt still light? And what could be the catalyst for renewed interest in the asset class? Join Uday Patnaik, Head of Emerging Market Debt, and Erik Leuth, Global Emerging Market Economist, as they explore these topics and comment on the raft of upcoming elections in both Latin America and Asia.
This podcast is hosted by Frances Watson, Content Manager.
All data sourced from the IMF (growth) JP Morgan (default rate numbers ex-China and outflows) and inflows (LGIM/World Bank) as at March 2024.
For professional investors only. Capital at risk.
We all know about the gender pensions gap, but what about the risks to women’s retirement prospects after a divorce?
In this International Women’s Day special, Olasumbo Biobaku-Mason, Member Proposition Director at LGIM, speaks to Uche Enemchukwu, ED&I champion and CEO at Nelu Diversified Consulting Solutions, a global company creating meaningful benefits and wellness programs rooted in diversity, equity & inclusion (DE&I) about pension barriers women may face at the end of a marriage.
For professional investors only. Capital at risk.
PCE, CPI and PPI – all forms of measuring inflation and all likely to shape current thinking by the US Federal Reserve and, by implication, other central banks. So, what if June interest rate cuts are pushed out? And how might that affect US investment-grade credit and, ultimately, equities? In alternatives, what’s behind the heady rise in Bitcoin? Ben Bennett, Investment Strategist, APAC, explains all.
All data from Eikon as at 05 March 2024 unless otherwise stated.
This podcast was hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
Given a slew of decent corporate results, is the US economy running too hot? Why are investors shrugging their shoulders over the most recent bout of China stimulus? And what country excels not only at cricket but is also adept at producing strong growth? Ben Bennett, Investment Strategist, APAC explains all.
This podcast is hosted by Frances Watson, Content Manager and was recorded before the release of the Nvidia results.
All data sourced from Eikon as at 20 February 2024.
For professional investors only. Capital at risk.
In the first of our new series of active fixed income podcasts, we talk to Mat Rees, Head of Global Bond Strategies, about the macro events shaping fixed income, deflation in China and European growth divergence. Mat also outlines the importance of bottom-up research in light of the current environment where technical, not fundamental factors, prevail.
This podcast is hosted by Frances Watson, Content Manager and was recorded shortly after the release of the US CPI print.
Source for issuance figures: RBC as at 31 January 2024.
For professional investors only. Capital at risk.
What are broad commodities? Why might an investor want to gain exposure to them as part of a diversified portfolio? And how does the use of futures contracts influence potential returns?
Michael Stewart, LGIM’s Head of Pooled Index Strategy, offers a straightforward introduction to the much misunderstood ‘third asset class’.
This podcast is hosted by Harry Brooks, Content Manager.
All data is sourced from Eikon as at 5 February 2024 unless otherwise stated.
For professional investors only. Capital at risk.
With many countries about to celebrate the Year of the Dragon, Ben Bennett explains why animal spirits have yet to ignite China’s stock market. He also examines the extent of the stimulus measures taken thus far, and gives his thoughts about why this year could be a favourable one in relation to China’s dwindling population. He also gives his usual take on US and UK central bank actions, and explains why the European Central Bank is under pressure to cut rates sooner rather than later.
This podcast is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 30 January 2024 unless otherwise stated.
For professional investors only. Capital at risk.
In any company, the role of Chief of Staff is an integral part of its daily dealings, although the duties themselves can often be more supportive of others and behind the scenes. In this full and frank interview with LGIM Talks, Rhodri Mason describes how he brings together the many teams within LGIM. He also expands on his involvement with his favourite charity, and reveals how he manages to wind down at weekends.
This podcast is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
In this podcast, Sonja Laud, LGIM’s CIO, is joined by Guy Whitby-Smith, Head ofSolutions, and John Roe, Head of Multi-Asset Funds, who share their insights and analysis, including key market trends for the coming year.In particular, the speakers discuss:
* The outlook for both the global and UK economies, including our assessment of potential paths for UK growth, rates and inflation
* The implications for UK schemes, in particular what this could mean for liability-driven investment approaches in light of today’s higher funding levels
* Asset allocation considerations given the continued need for all pension schemes to pay pensions as they progress along the journey towards endgame
This podcast is hosted by Anthony Penson, Institutional Content Manager.
For professional investors only. Capital at risk.
After a dramatic 2023, what could 2024 hold for investors in real assets?
And what are the key megatrends that will determine performance, both for this year and the rest of the decade?
Rob Martin, LGIM’s Global Head of Investment Strategy and Research for Real Assets, and Lushan Sun, Private Credit Research Manager, break down how the Christmas market rally has changed the outlook for 2024 – and the four key themes they see as defining the winning portfolios of 2030.
This podcast is moderated by Andrew Lowry, European Content Manager.
For professional investors only. Capital at risk.
All data is sourced from Bloomberg as at 31 December 2023 unless otherwise stated.
In this first episode of Market Talk for 2024, Ben Bennett examines the extent to which bonds and equities rallied following December’s Fed pivot. He also explains why Chinese equities failed to participate in the rally, looks at the state of polling in Taiwan, and wonders if the global economy will face new supply chain challenges given the current disruption in the Suez Canal?
This podcast is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon and Barclays from 31 October to 31 December 2023.
For professional investors only. Capital at risk.
Bond investors have enjoyed a strong rally over the last two months. But, as we approach 2024, will the optimism for fixed income investments continue? Will 2024 be another year of heightened volatility for the bond investor? And what left-field market moving events could be in store? Join Colin Reedie, Head of Active Strategies, for his latest thoughts.
This podcast is hosted by Frances Watson, Content Manager and was recorded the day after Jay Powell’s dovish pivot.
All data sourced from Bloomberg as at 14 December 2023 unless otherwise stated.
For professional investors only. Capital at risk.
In our last CIO call of 2023, we discuss what we’ve learnt from yet another extraordinary year for investors – and how we’re positioning into 2024.
During the episode, Sonja Laud, LGIM’s CIO, is joined by Howie Li, Global Head of Index & ETFs; Will Riley, Head of Solutions; and Chris Jeffery, Head of Rates & Inflation Strategy. The speakers discuss:
The most potent insights from our 2024 CIO outlook
* Where we see the biggest potential risks and opportunities for markets next year
* The long-term investment themes we’re most excited about
* What’s top of mind for defined benefit pension schemes
* How we’re planning on navigating political, and geopolitical, risk in 2024*
The podcast was recorded on 13 December and is moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM blog for more insights. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
In the last episode of Market Talk for the year, Ben Bennett looks at how fixed income might pan out in a recessionary macroeconomic environment. With US elections on the horizon, how might markets react to a change of president? And given its depressed performance in 2023, where next for China’s stock market in the year of the Wood Dragon?
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 04 December unless otherwise stated.
For professional investors only. Capital at risk.
Illiquid assets may be the talk of the DC town right now, but how can we use them to help maximise long-term returns for members, mitigate potential risks and align them with ESG considerations? And do DC pension members even want them included in their fund defaults?
John Roe, LGIM’s Head of Multi-asset Funds, and Jesal Mistry, Head of DC Investment, explain.
This podcast is moderated by Heather Forse, DC Content Manager.
For professional investors only. Capital at risk.
Although many schemes have seen their funding positions improve steadily in recent years and endgame is on the horizon, all defined benefit (DB) schemes still need to pay pensions as they fall due. In this light there’s continued focus on cashflow-driven investing (CDI) and also ‘barbell’ strategies.
But what do these terms really mean? What’s the right balance between cashflow-driven and ‘barbell’ investment approaches? And should schemes’ strategies differ given low-dependency or buyout objectives? Also, are there any other topics DB schemes may wish to consider in today’s investment landscape? Lisa Purdy, LGIM’s Head of DB Solutions Distribution, explains all.
This podcast is hosted by Anthony Penson, Institutional Content Manager.
For professional investors only. Capital at risk.
With the earth on track for its hottest year on record, and the COP28 summit due to open later in November, we’ve devoted this month’s CIO call to climate change.
During the episode, Sonja Laud, LGIM’s Chief Investment Officer, is joined by Nick Stansbury, Head of Climate Solutions; and Stephen Beer, a senior manager within our Investment Stewardship team. The speakers discuss:
- What we expect from the global climate summit due to take place in the UAE
- What investors can do to bring about a net-zero outcome
- Our approach to encouraging companies to tackle climate change
- How the Israel-Hamas conflict has impacted energy markets
- The broader market outlook, given the recent bounce in risk assets
The podcast was recorded on 23 November and is moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM blog for more insights. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Is the recent rally in bonds and equities, on the back of the latest US CPI numbers, wholly justified? And why is the oil price relatively subdued? Furthermore, what’s behind the differential in valuations between US and China technology shares? Ben Bennett, Investment Strategist APAC, explains all.
This podcast was hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 14 November 2023, unless otherwise stated.
The podcast was recorded on Wednesday 15 November.
For professional investors only. Capital at risk.
Ahead of the publication of a major study of long-term ESG trends, LGIM’s Head of Index Solutions Fadi Zaher discusses the biggest findings from the research. Overall, it’s a positive story, with the global aggregate ESG score rising significantly over the past 14 years. However, there are also some significant differences between different regions, sectors and ESG themes, which reveal a complex interwoven narrative.
This episode is hosted by Harry Brooks, Content Manager.
All data is sourced from Insights from LGIM’s forthcoming whitepaper 14 years of ESG data: A long-term study of ESG score changes across regions, sectors and themes, unless otherwise stated.
For professional investors only. Capital at risk.
The explosive launch of ChatGPT in late 2022 highlighted the immense potential of artificial intelligence. In our latest CIO call, we discuss the implications for investors from the technology ushering in a new industrial revolution.
During the episode, Sonja Laud, LGIM’s CIO, is joined by Aanand Venkatramanan, Head of ETFs, EMEA; and Robert White, Fund Manager within our Active Strategies team. The panel also discuss:
- The companies most likely to benefit – and that have the most to lose
- How AI might disrupt the asset management industry
- The ‘enabler’ sectors at the forefront of the AI ecosystem
- The broader market outlook, in light of further weakness in risk assets, rising yields and the tragic conflict in the Middle East
This podcast accompanies the publication of our CIO autumn update, An AI inflection point, which contains investment insights on the technology from teams across LGIM. It was recorded on 31 October and is moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM blog for more insights. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
In this episode, Ben Bennett, Investment Strategist APAC, explains what’s behind the lurch higher in bond yields and how that’s impacting other asset classes. He also explains why, this time, China stimulus may be more impactful than usual and reveals what’s behind his upcoming trip to Singapore.
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 24 October 2023, unless otherwise stated.
This podcast was recorded before the announcement of Mike Johnson as Speaker of the House of Representatives.
For professional investors only. Capital at risk.
This week LGIM Talks sits down with Bill Page, Head of Real Estate Research at LGIM Real Assets.
As in many markets, British real estate has been undergoing a brutal period of repricing.
But could the UK be closer to the end of this process than other countries?
As the return to the office either gathers pace or stalls, depending on who you consult, we discuss the structural factors that could determine the next stage of evolution for an asset class in flux.
This episode is hosted by Andrew Lowry, European Content Manager.
For professional investors only. Capital at risk.
In this episode, LGIM fund managers Matthew Rees and Francis Chua discuss the evolution of strategic bond strategies and what’s in store in the future, with Mat providing insight on how he runs his portfolio, and Francis sharing his thoughts as a fund selector.
This episode was recorded on 12 October 2023.
For professional investors only.
Against a background of heightened volatility and bond market jitters, in this episode, Ben Bennett, discusses the possible reasons behind the sharp rise in bond yields over the past few days, the rising cost of borrowing, and the crowding out effect of higher bond yields on credit and equities.
This episode is hosted by Frances Watson, Content Manager, and was recorded before the ADP jobs report.
All data is sourced from Refinitiv as at 03 October 2023.
For professional investors only. Capital at risk.
Following a momentous month for central banks, Sonja Laud, LGIM’s CIO, discusses with her expert panel whether we’ve reached peak interest rates and what to expect from markets into year end, with a focus on the outlook for the US.
Sonja is joined by Jason Shoup, CIO at LGIM America, and Tim Drayson, LGIM’s Head of Economics. The panel also discusses:
- What to watch for in the run-up to the 2024 US presidential election
- The biggest potential opportunities and risks we see in US bond markets
- The type of ‘landing’ markets are pricing for the US economy – and what we anticipate
- What’s top of mind for Asian investors, following Sonja’s recent trip to Singapore and Hong Kong
- What we’ve been watching and reading recently
The podcast was recorded on 27 September and is moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM blog for more insights. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Batteries have a critical role to play in the transition to net zero, with the rapid rise of electric vehicles demonstrating how far the technology has evolved in just a few years.
Head of Pooled Index Strategy Michael Stewart and ETF Analyst Elisa Piscopiello discuss the highlights from their new white paper: The battery value-chain: how batteries and lithium are powering the energy transition.
This episode was hosted by Harry Brooks, Content Manager.
Sources quoted can be found in our white paper:
https://www.lgim.com/uk/en/insights/esg-and-long-term-themes/whitepaper-how-batteries-and-lithium-are-powering-the-energy-transition/
For professional investors only. Capital at risk.
With China experiencing deflation, and as Europe starts to encounter sticky inflation and slowing growth, is the US the only bright spot in the global economy right now? Is the curtain finally falling on the era of negative interest rates in Japan? And has Hong Kong become the latest victim of climate change? Ben Bennett, Investment Strategist APAC, explains all.
This episode was hosted by Frances Watson, Content Manager and was recorded before the US CPI data print.
For professional investors only. Capital at risk.
With AGM season wrapped up for companies around the world, our Investment Stewardship experts discuss how LGIM voted on key issues in 2023.
LGIM’s Investment Stewardship team exercises voting rights globally across our active and index strategies, holding companies to account on the ESG issues that matter most to our clients.
So, what was top of the agenda for investors in 2023? And how can LGIM drive meaningful change through votes?
In this episode, Jeannette Andrews, Senior Global ESG Manager and John Hoeppner, Head of US Stewardship and Sustainable Investments answer these questions and more.
This episode was hosted by Jun Merrett, Content Manager.
For professional investors only. Capital at risk.
To celebrate 10 years of LGIM’s Multi-Index strategies, we catch up with fund manager Andrzej Pioch who shares his career story, achievements and lessons learnt over the past decade, and hopes for a more inclusive industry as co-chair of the L&GBT Allies Network.
This episode is hosted by Jun Merrett, Content Manager.
For professional investors only. Capital at risk.
Why were investors happy with the latest US jobs data? Have we reached ‘peak pessimism’ in terms of Chinese equities? And what are generous yields in the high-yield bond space telling us? Ben Bennett explains all.
This episode was hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 01 September 2023 unless otherwise stated.
For professional investors only. Capital at risk.
Why does biodiversity loss pose material risks to investors – and what are we at LGIM doing about them?
In our latest CIO call, hosted by Sonja Laud, LGIM’s Chief Investment Officer, we answer this question as Lewis Pugh, UNEP Patron of the Oceans and LGIM’s global partner, swims the length of the Hudson river to highlight the threats to biodiversity.
Sonja is joined by Amelia Tan, Head of Responsible Investment Strategy, and Alexander Burr, ESG Policy Lead. We also discuss:
- The outlook for the global economy and markets into year end
- Water quality and water security
- Why despite the increasing politicisation of the debate, we don’t believe we’ve reached ‘peak ESG’
The podcast was recorded on 31 August and is moderated by Max Julius, Head of Content.
Source for Ecuador’s debt-for-nature swap: https://www.ft.com/content/e895761d-63c6-44e7-84d8-ca6dd89a6a20
Follow us on LinkedIn and Twitterfor our latest updates and discover the LGIM Blogfor more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
In this latest edition of LGIM Talks we take a road trip over to our partners in Legal & General’s Pension Risk Transfer (PRT) business, where Roshni Sakaria, Actuarial Manager, LGRI, welcomes Adrian Somerfield, Director, PRT, and Mat Webb, Head of Endgame Solutions, LGIM, who discuss how our PRT and investment management businesses work together to support schemes and explore the benefits of partnering with an insurer.
This podcast was published with the kind permission of LGRI. A link to the full range of PRT podcasts is available here:
https://www.legalandgeneral.com/institutional/pension-risk-transfer/knowledge-centre/videos/The-PRT-podcast/
For professional investors only. Capital at risk.
We’re taking a short break from the pod but we’ll be back late August with more news and views from across our investment teams.
In this episode, Ben Bennett talks through the implications of the recent downgrade in US sovereign debt, further rate tightening from the UK and elsewhere and the reasons behind China’s equity rally.
All data sourced from Eikon as at 01 August 2023.
This episode was hosted by Frances Watson, Content Manager and was recorded on 02 August 2023.
Having been the first major developed world central bank to raise interest rates in the aftermath of the COVID-19 pandemic, the last 18 months have seen the Bank of England deliver 13 consecutive interest rates rises, from 0.1% to today’s rate of 5%. In this latest edition of LGIM Talks our Global Economist, James Carrick, discusses the steep rise in UK interest rates and the potential implications for businesses, households and the UK housing market.
This podcast was recorded on 25 July 2023 and is hosted by Anthony Penson, Institutional Content Manager.
For professional investors only. Capital at risk.
ETF Analyst Elisa Piscopiello explains how quality is defined in systematic investment strategies, and how portfolios can be constructed to capture quality companies.
This podcast is hosted by Harry Brooks, Content Manager.
All data sourced from Bloomberg as at July 2023 unless otherwise stated.
For professional investors only. Capital at risk.
Is the latest US CPI print a potential game changer for investors? Why aren’t credit spreads pricing in more recession risk? And why do Eurozone countries need to restore their fiscal rules? Chris Jeffery, LGIM’s Head of Rates and Inflation Strategy explains all.
This podcast is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
Sonja Laud, LGIM’s Chief Investment Officer, and fellow experts in the field of public and private credit, discuss implications for asset classes against the backdrop of an investment world characterised by a rising risk-free rate. Other topics covered include the question of illiquidity in private markets, attitudes to risk, the limited extent to which fixed income can be protected by the ravages of inflation and, given Wimbledon week, a tip for Desert Island Discs aficionados.
Sonja is joined by:
Mark Benstead, Head of Active Credit Solutions
Stu Hitchcock, Head of Portfolio Management, Private Credit
This podcast is hosted by Frances Watson, Content Manager.
All data sourced from Bloomberg as at July 2023 unless otherwise stated.
For professional investors only. Capital at risk.
The last six months have seen an explosion of interest in artificial intelligence, with excitement around the technology almost single-handedly driving a rally in the S&P 500.
Where could this exciting new technology be taking us? What do investors need to know about its potential? And how can we distinguish between hype and actionable insights?
To find out, this week we sit down with Nelson Mery, a senior fixed income fund manager here at LGIM and holder of a PhD in mathematics, Aude Martin, Senior ETF Investment Specialist, and we are happy to welcome Matthew Griffin, Founder and CEO of the 311 institute.
This episode is hosted by Andrew Lowry, European Content Manager.
Source for data: ROBO Global, CapitalIQ data as of 20 June 2023. Calculation method: median, NTM
For professional investors only. Capital at risk.
With major asset classes no longer positively correlated, has calm been restored for the asset allocator? Or is persistent inflation still the cause of major headaches? And given the volatility in bonds, should investors be redefining the term safe haven? Chris Teschmacher, Fund Manager, Asset Allocation, gives us his thoughts.
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Bloomberg, unless otherwise stated.
For professional investors only. Capital at risk.
LGIM’s Climate Impact Pledge is our promise to help investee companies tackle climate change and transition to a low-carbon economy. Our approach combines positive engagement with voting sanctions and divestment.
In our seventh Pledge, we’ve raised our expectations. We’ve covered more companies than ever in our quantitative assessment, and delved into greater depth than before in our direct engagements. Over the past year, we zeroed in on lobbying and biodiversity and continued to push for companies to set and meet climate targets.
In this podcast, taken from a live session, Laura Brown, Head of Client and Sustainability Solutions, is joined by Stephen Beer, Senior Manager, Sustainability and Responsible Investment and ESG Analysts, Anna Hirai and Cristy Rodriguez, to discuss the highs and lows of our climate engagement efforts, and why the past year has been a little different.
Why is the US having to withdraw liquidity from the system? But why have the Chinese authorities taken to targeted stimulus? What’s the oil price and yield curve telling us that equities aren’t? And why the differential between US tech stocks and their Chinese counterparts? Ben Bennett, Investment Strategist APAC, explains all.
This podcast was hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
In this month’s call, Sonja Laud, LGIM’s Chief Investment Officer, outlines the next focus areas for investors going into the second half of 2023 in light of the recent agreement being reached on the raising of the US debt ceiling.
Other key topics include the implications of a slowing Chinese economy, the state of the UK commercial real estate market and the risks and rewards of allocating investor capital to long-term infrastructure projects. Sonja is joined by:
- Bill Hughes, Global Head of Real Assets
- Bill Page, Head of Real Estate Research
- Frances Watson, Content Manager
Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to your podcasts.
Against a backdrop of somewhat quieter markets, we ask what are short-term Treasuries telling us about debt ceiling negotiations? What’s behind the strong performance of US technology stocks? And why does China need to revitalise its property sector? Ben Bennett explains all.
This episode is hosted by Frances Watson, Content Manager.
All data sourced from Eikon as at 22 May.
For professional investors only. Capital at risk.
With bonds and equities falling in tandem, 2022 was an exceptional year for the financial markets. As we approach 2023’s halfway point, have we returned to ‘normal’? And what does the recent volatility in the banking sector mean for investors in European fixed income assets?
Andrew Lowry, European Content Manager, sits down with LGIM’s Head of Euro Credit Marc Rovers to find out.
It’s easy to take clean running water for granted, but climate change, population growth and infrastructure failings mean demand will increasingly outstrip supply. Elisa Piscopiello, ETF Analyst at LGIM, explains the role of technology in addressing the problem, and shares some water-saving tips to use at home.
This podcast is hosted by Harry Brooks, Content Manager.
All data is from Eikon as at 5 May 2023 unless otherwise stated.
For professional investors only. Capital at risk.
Against a background of macroeconomic uncertainty, are central bankers right to hike interest rates? Is China’s post-COVID recovery still on track? And what’s the verdict on the coronation quiche? Ben Bennett, Investment Strategist APAC, explains all.
This call is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 03 May 2023.
For professional investors only. Capital at risk.
To coincide with the launch of LGIM’s 12th annual Active Ownership report, we discuss the depth and breadth of our work in 2022 on the issues of deforestation, biodiversity, cybersecurity and the effect of climate change on real assets, while also discussing what’s front of mind for 2023.
Panellists include:
Michael Marks, Head of Investment Stewardship and Responsible Investment Integration
Amelia Tan, Head of Responsible Investing Strategy for Investments
Shuen Chan, Head of Responsible Investment & Sustainability, LGIM Real Assets
This podcast is hosted by Frances Watson, Content Manager.
All numbers quoted in this podcast are from LGIM’s Active Ownership report, 2022. The 50% statistic regarding The Dolphin Shopping Centre, Pool is NHS Dorset, as at March 2023.
For professional investors only. Capital at risk.
For this month’s call, CIO Sonja Laud is joined by two experts for an in-depth discussion on emerging market debt and equities. As the growth differential between emerging market and developed market economies stands at its highest level for ten years, the panel also discusses the need for investors to focus on the structural implications of the rapid shift in wealth from the West to the East.
Sonja is joined by Erik Leuth, Global Emerging Economist and Uday Patnaik, Head of Emerging Market Debt. Other topics covered by the panel include:
* A belief that equity markets, in particular, are too resilient given that recent banking stress has still to impact the real economy
* Why portfolio allocations to emerging markets are still small relative to the size of their underlying economies
* The impact of a potentially weaker US dollar on EM currencies
This podcast is moderated by Frances Watson, Content Manager.
All data is sourced from Bloomberg unless otherwise stated.
For professional investors only. Capital at risk.
What are the latest jobs data telling us about the state of the US economy? How will US core inflation numbers shape Fed thinking? What’s behind the recent uptick in China’s credit growth? And why is the price of gold within touching distance of a new high? Ben Bennett explains all.
All data sourced from Eikon as at 11 April 2023 unless otherwise stated. This episode was recorded before the release of US core CPI numbers.
This episode is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
With the backdrop of rising interest rates leading to lower pension scheme liabilities on average, many schemes have seen their funding positions improve steadily in recent years. As a result, we are hearing increasing talk of the terms ‘buyout’ and ‘buy-in’ in the world of defined benefit pensions.
But what do these terms really mean? And how can schemes prepare for buyout? Lisa Purdy, LGIM’s Head of Pooled Solutions, explains all.
For listeners who would like to read more on the subject, please see the following pages on our website:
Legal & General | Pension Risk Transfer | Buy out (legalandgeneral.com)
Legal & General | Pension Risk Transfer | Buy in (legalandgeneral.com)
This podcast was recorded on 21 March 2023 and is hosted by Anthony Penson, Institutional Content Manager.
For professional investors only. Capital at risk.
After two unscheduled CIO calls on developments in the banking sector, we return with a regular episode to take stock of the investment landscape, with a focus on the interplay between policymaking, economic growth and market pricing.
During the call, which is hosted by LGIM’s CIO, Sonja laud, we also touch on an important piece of proprietary research into long-term climate scenarios – and what they mean for investors.
Sonja is joined by Nick Stansbury, Head of Climate Solutions, and James Carrick, Global Economist. Other topics covered by the panel include:
* How banking sector stress might feed into the real economy – and policymaking
* The mismatch in signals being sent by equity and bond markets
* How investors can support a ‘just’ energy transition
* What to expect next from the Bank of England
The podcast was recorded on 28 March and is moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
The last couple of weeks have seen investor nerves somewhat shredded. But why have equities proved more resilient than credit? And have central bankers done enough to restore confidence in the banking system, or will there be more casualties to come? Ben Bennett calmy outlines his thoughts.
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 23 March 2023 unless otherwise stated.
For professional investors only. Capital at risk.
We’ve held a second live webinar to discuss ongoing pressure on banks worldwide, underscored by the takeover of Credit Suisse* by UBS, which raises questions about the health of the sector, the treatment of bondholders and the global economic outlook.
This episode is a recording of that webinar with our clients, which took place on 17 March and was hosted by Sonja Laud, LGIM’s Chief Investment Officer.
Sonja was joined by Colin Reedie, Head of Active Strategies; Christopher Jeffery, Head of Rates & Inflation Strategy; Dan Lustig, Senior Credit Analyst; and Tim Drayson, Head of Economics.
The webinar was moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
*For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
We’ve held a special live webinar with our clients to discuss the pressure on the global banking sector – and on European lenders in particular – following the closure of SVB, the biggest US bank failure since 2008.
This episode is a recording of that webinar, which was hosted by Sonja Laud, LGIM’s Chief Investment Officer, on 17 March.
Sonja was joined by Colin Reedie, Head of Active Strategies; Christopher Jeffery, Head of Rates & Inflation Strategy; and Dan Lustig, Senior Credit Analyst. Among other things, the panel discussed:
Whether the challenges faced by Credit Suisse are idiosyncratic or systemic
* How this volatility might affect the overall market outlook
* What it means for monetary policy
* How we at LGIM are positioning
The webinar was moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
*For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Innovative treatments are needed for those affected by rare conditions, but how do the economics stack up given the huge costs involved? Elisa Piscopiello, ETF Analyst at LGIM, explains how government incentives are helping to finance the development of life-changing medicines.
This podcast is hosted by Harry Brooks, Content Manager.
All data is from Eikon as at 28 February 2023 unless otherwise stated.
For professional investors only. Capital at risk.
With inflation as sticky as it is, bond yields are on the rise. But why isn’t credit following suit? And is China’s growth forecast for 2023 enough to avoid a potential worldwide recession? Ben Bennett explains all.
This podcast is hosted by Frances Watson, Content Manager, and was recorded before Jay Powell’s congressional testimony.
All data is from Eikon as at 07 March 2023 unless otherwise stated.
For professional investors only. Capital at risk.
While Western economies continue to keep interest rates at elevated levels, it seems Japan’s fiscal expansion knows no bounds. So what’s behind the country’s fiscal largesse and what effect may this have on its consumers and company earnings? Chris Teschmacher, Fund Manager on the Asset Allocation team, gives us his take on all things Japanese.
This episode is hosted by Frances Watson, Content Manager.
All figures are from Bloomberg as at 28 February 2023, unless otherwise stated.
For professional investors only. Capital at risk.
A year after Russia’s invasion of Ukraine, Sonja Laud, LGIM’s Chief Investment Officer, discusses what investors have learned about geopolitical risk and its interplay with markets in the wake of the tragic conflict that continues to this day.
Sonja is joined by Will Riley, Head of Solutions, and Ed Wicks, Head of Trading. The panel also cover:
Whether markets are mispricing the macroeconomic outlook
* Overall market function and liquidity, following the unprecedented volatility of 2022
* How we’re working with defined benefit pension schemes to ensure they’re resilient as possible in this market environment*
The podcast was recorded on 22 February and is hosted by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
After a strong start to year for both equities and credit in the US, has market sentiment become uncoupled from fundamentals? Why is China seemingly displaying the same pattern? And as the Bank of Japan appoints a new governor, what does this mean for its yield curve control policy – and global fixed income investors? Ben Bennett breaks down all the latest market-moving news.
This podcast is hosted by Andrew Lowry, European Content Manager.
All data sourced from Eikon as at 16 February 2023 unless otherwise stated.
For professional investors only. Capital at risk.
LGIM’s Senior European Economist Hetal Mehta breaks down the latest round of rate hikes from the Bank of England, ECB and Fed. After a winter of gloomy forecasts, did the messaging from the various central banks allow for some – cautious – optimism? And could the end of the current hiking cycle be in sight?
This podcast is hosted by Andrew Lowry, European Content Manager.
For professional investors only. Capital at risk.
Now that most companies have released their Q4 earnings statements Lars Kreckel, Global Equity Strategist in the Asset Allocation team, expands on his recent blog, formulating his thoughts on European and US earnings, the ‘r’ word and the effect of China’s reopening on global corporates.
The podcast is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
What’s behind the latest rise in equities, bonds and credit? Is the glass half-full or half-empty when it comes to forecasting a US recession? And as China starts to reopen, has economic activity returned to full throttle? Ben Bennett explains all.
This podcast is hosted by Frances Watson, Content Mananger.
All data sourced from Eikon as at 30 January 2023 unless otherwise stated.
For professional investors only. Capital at risk.
How does a fund manager pick a third-party fund manager? How important is performance, personality and positioning? In this episode, Justin Onuekwusi, Head of Retail Investments, EMEA was joined by Francis Chua, Fund Manager and Mireille Bensimon, Investment Analyst from LGIM’s Multi-Asset team, to discuss the key considerations for selecting external funds within our multi-asset portfolios.
All UK equity data is sourced from Lipper as at 31 December 2022 unless otherwise stated.
For professional investors only. Capital at risk.
LGIM’s Head of Active Strategies Colin Reedie is one of our most experienced investors. In this episode he breaks down his storied career, from his early days flying with the RAF to his more recent role navigating the rapidly evolving investment landscape.
This episode is hosted by Andrew Lowry.
For professional investors only. Capital at risk.
Sonja Laud, LGIM’s Chief Investment Officer, and her expert panel discuss the outlook for the global economy and key asset classes in 2023, in our first CIO call of the year.
Amid a still-challenging macro and market context, we offer answers to the most pressing questions for investors: How bad might things get? And what could signal a turnaround?
Sonja is joined by Colin Reedie, Head of Active Strategies, and Tim Drayson, Head of Economics.
The podcast was recorded as a live client webinar on 12 January and is hosted by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Where did Santa get to at the end of 2022? How will China’s economy fare in light of the easing of its COVID restrictions? And what was behind Japan’s recent move to abandon its yield curve control? Ben Bennett explains all in the first episode of Market Talk for 2023.
To say real assets – most notably the areas of real estate equity and private credit – have endured a challenging year may be somewhat of an understatement. That said, starting yields for private credit going into 2023 equate to those not seen in years while, in real estate equity, a recovery in certain sectors of the market may be more of a possibility as we head into 2023. Join Bill Page, Head of Real Estate Markets Research and Lushan Sun, Private Credit Research Manager as they talk volatility, voids and valuations.
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Bloomberg, MSCI as at December 2022 unless otherwise stated.
For professional investors only. Capital at risk.
Markets have been volatile in 2022, but how have thematic investments fared? And looking to 2023 and beyond, which thematic areas might take centre stage given technological developments, the geopolitical landscape and market forces? Join Aude Martin and Tobias Merfeld from LGIM’s ETF investment team for a wide-ranging conversation on thematic investment this year, next year and beyond.
This episode is hosted by Harry Brooks, Content Manager.
Sources:
· Cyber security spending forecast for 2023: https://www.cybersecuritydive.com/news/security-spending-balloons/634365/#:~:text=Gartner%20predicts%20organizations%20will%20spend,%247.5%20billion%20in%202023%20spending.
· Battery demand forecast: https://source.benchmarkminerals.com/article/200-billion-needed-to-meet-battery-cell-demand-by-2030
· Renewable energy forecast: Bloomberg New Energy Finance, New Energy Outlook 2022
· Cloud protection forecasts: https://www.cybersecuritydive.com/news/security-spending-balloons/634365/
For professional investors only. Capital at risk.
In our final CIO call of the year, Sonja Laud, LGIM’s Chief Investment Officer, discusses the key themes that have dominated 2022 for investors and surveys the market landscape in 2023.
Key topics covered include the economic outlook, energy security, central bank policy, thematic investing and the prospects for different asset classes. Sonja is joined by:
* Emiel van den Heiligenberg, Head of Asset Allocation
* Howie Li, Head of Index and ETFs
* Max Julius, Head of Content
At the end of the podcast, which was recorded on 7 December, our speakers also offer viewing and reading recommendations for the holidays.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Just how badly have asset classes performed in 2022? And where next for bonds, credit and equities given investors start 2023 with a decent yield cushion? In view of the current tightness in the US labour market will the Fed be able to navigate a hard or soft landing? Join Ben Bennett, Head of Investment Strategy & Research for his whistlestop take on financial markets.
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at end November 2022 unless otherwise stated.
For professional investors only. Capital at risk.
In this episode Richard Romer-Lee, CEO at Square Mile Investment Consulting & Research, chats with James Crossley, Head of UK Wholesale Distribution at LGIM, about how the asset management industry has evolved during his City career, the role of ‘alternatives’ and why he is excited about responsible investing. Richard also reveals how he managed to appear on the popular ITV programme, Blind Date.
For professional investors only. Capital at risk.
In this month’s episode, Sonja Laud, LGIM’s chief investment officer, discusses the key takeaways from the COP27 climate summit thus far. She also argues for forceful engagement with companies key to the energy transition, where possible, rather than blanket divestments.
Sonja is joined by Kurt Morriesen, Head of ESG Advisory, who attended the summit in Sharm El Sheikh, and Nick Stansbury, Head of Climate Solutions.
*The episode is hosted by Max Julius, Head of Content, and was recorded on Tuesday, 15 November.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.*
Lewis Pugh, the endurance swimmer and UN Patron of the Oceans, discusses his recent swim to raise awareness of the threat posed by climate change to coral reefs and biodiversity.
During the episode, Lewis makes a powerful case for protecting our oceans and reaching net-zero carbon emissions. He also describes the challenges he faced as he swam across the Red Sea – including oil tankers and sharks.
The podcast was recorded in London on Thursday, 3 November and is hosted by Andy McQuillan, Global Director of Marketing at LGIM.
Follow us on LinkedIn and Twitterfor our latest updates and discover the LGIM Blogfor more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Despite credit rallying in the hope of a US policy pivot, the Federal Reserve has reaffirmed its intention to keep a lid on inflation at all costs. Whether they’ve managed to do that or not might just be evident in upcoming US CPI numbers. So, could we have reached peak US inflation? And what’s behind the volatility in the Hang Seng index? Ben Bennett, Head of Investment Strategy & Research explains all.
This episode is hosted by Frances Watson, Content Manager.
All data sourced from Eikon unless otherwise stated.
For professional investors only. Capital at risk.
In this episode Lars Kreckel, Global Equity Strategist, discusses the US Q3 earnings season and what it tells us about the state of the consumer and the wider economy.
This episode is hosted by Harry Brooks, Content Manager.
Nasdaq YTD total return figure cited from Refinitiv as at 02/11/2022.
For professional investors only. Capital at risk.
In this episode, Emiel van den Heiligenberg, Head of Asset Allocation, discusses why liquidity is so important for investors, where we are in the economic cycle and, this being the season of Halloween, whether investors are experiencing market tricks or treats as we enter the final months of 2022.
This episode is hosted by Frances Watson, Content Manager. Emiel’s blog can be accessed here.
For professional investors only. Capital at risk.
Having lagged behind other sectors in its uptake of technology, healthcare could now have reached a pivotal moment. From AI and natural language processing to genomics and robotics, technology holds potential to revolutionise how we diagnose and treat illness. In today’s podcast we examine the most promising developments in healthcare technology.
Speaker: Aude Martin, Senior ETF Investment Specialist, Index Funds
Host: Harry Brooks, European Content Manager, ETFs
(VC fund inflow figures taken from ROBO Global’s Jeramie Capron, speaking at LGIM’s 2022 Global Thematics Forum)
For professional investors only. Capital at risk.
Sonja Laud, LGIM’s chief investment officer, discusses how next month’s midterm elections might impact the US economic outlook and dollar assets more broadly. She also considers what UK bond market volatility tells us about the broader investment environment. Sonja is joined by:
- Jason Shoup, Deputy Head of US Fixed Income, LGIMA
- Tim Drayson, Head of Economics
The episode is hosted by Max Julius, Head of Content, and was recorded on Wednesday, 12 October.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Why is there renewed talk of a possible policy pivot from the US Federal Reserve? What should investors be focusing on heading into Q3 results season? And what are 10-year Treasury Inflation-Protected Securities telling us about the outlook for long-term inflation? Ben Bennett, Head of Investment Strategy & Research explains all.
This episode is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
It’s been a turbulent two weeks for the British economy, with Chancellor Kwasi Kwarteng’s ‘mini-budget’ sending sterling plummeting, gilt yields soaring and prompting an intervention from the Bank of England that successfully brought yields down. As the dust settles, what conclusions can investors draw – and where next for UK fiscal and monetary policy?
Andrew Lowry, European Content Manager at LGIM, sits down with Senior European Economist Hetal Mehta to take stock of a dramatic fortnight on the markets.
For professional investors only. Capital at risk.
Real yields are rising, the dollar continues to firm against all major currencies and the UK economy has been caught in the crosshairs. But how should investors navigate this latest bout of global market turbulence? And in the wake of the energy supply shock how should investors look at the world of renewable energy, particularly against the current inflationary backdrop? Join Ben Bennett, Head of Investment Strategy & Research, and Marija Simpraga, Infrastructure Strategist to hear more.
This episode was hosted by Frances Watson, Content Manager and was recorded on 28 September before the Bank of England’s decision to stabilise UK financial markets through gilt purchases.
For professional investors only. Capital at risk.
With the race to net zero in full swing we examine how index investors can pursue such an objective through understanding how to define net zero, why it is important to act today, the different options available and the importance of company engagement.
Join Stefan Bilby, Head of Index Distribution, as he chats to Fadi Zaher, Head of Index Solutions and Jeannette Andrews, Senior Global ESG manager.
In this episode, Stuart Murphy, Legal & General’s Co-Head of DC, and Al Miles, Legal & General’s Senior Solutions Strategy Manager, discuss the issues that mean women’s pension pots are half the size of men’s when they come to retire.
Is the gender pension gap just the inevitable consequence of the biological reality of pregnancy for women, or are there steps we could be all taking to mitigate the financial penalty of parenting that affects mothers more harshly than it does fathers?
Unless otherwise stated, the data quoted is sourced either from Legal & General’s retirement research into its 4.6 million members gathered throughout 2021, or from LGIM’s recent research into auto-enrolment, conducted externally by Ignition House and carried out in June 2022.
The episode is hosted by Heather Forse, DC Content Manager.
For professional investors only. Capital at risk.
Is the bear market rally in credit and equities officially over following the Jackson Hole meeting of central bankers? And what are the implications of higher gilt yields for UK investors? Ben Bennett, Head of Market Strategy and Research explains all.
This episode is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
In our last episode of August, Sonja Laud, LGIM’s chief investment officer, discusses why the second half of 2022 has started on a decidedly more pleasant note than the first six months of the year, with a focus on earnings season and the prospects for fixed income and equities. Sonja is joined by:
- Colin Reedie, Head of Active Strategies
- Lars Kreckel, Global Equity Strategist
The episode is hosted by Max Julius, Head of Content, and was recorded on Thursday, 11 August.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
In the last episode of Market Talk for the summer, Ben Bennett, Head of Investment Strategy and Research assesses implications for investors regarding the latest Chinese tensions with Taiwan, reasons behind the Bank of England gloom and states why the US inflation print, out this week, is one to watch.
This episode is hosted by Frances Watson, Content Manager.
In this episode we chat with Hetal Mehta, Senior European Economist, Emiel van den Heiligenberg, Head of Asset Allocation and Laura Brown, Head of Client Solutions to see how our investment experts will be spending their summer holidays, and what will be front of mind on their return? For a feel-good podcast, listen to #LGIM talks
This podcast was hosted by Frances Watson, Content Manager, and was recorded mid-July.
In this episode, Ben Bennett, Head of Investment Strategy & Research, looks at reasons behind the rally in bond and equity markets, options for central bankers in light of weaker economic activity and developments in China’s property market.
This episode, hosted by Frances Watson, Content Manager, was recorded before the Fed’s decision on 27 July.
In this episode of Blog on the Pod: as the UK prepares for the Conservative Party to select its fourth leader since 2016, we explore the economic challenges facing the winner of the contest.
With the UK potentially facing choppy waters ahead, our Senior European Economist, Hetal Mehta, shares a broad overview of Britain’s prospects in the short and medium term.
This episode is hosted by Andrew Lowry, European Content Manager.
In this month’s episode, Sonja Laud, LGIM’s chief investment officer, discusses the investment outlook over the coming months, with a focus on the growth vs inflation narrative and emerging markets. Sonja is joined by:
- Uday Patnaik, Head of Emerging Market Debt
- Erik Lueth, Global Emerging Market Economist
The episode is hosted by Max Julius, Head of Content, and was recorded on Wednesday, 13 July. All data cited are sourced from Bloomberg, as at the time of recording, unless otherwise stated.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this episode, hear what attracted Bill to the world of property in the first place, as well as his views on the role of big cities, urban regeneration and the need for sustainable buildings. Bill also shares his insights into why, he believes, the younger generation can enjoy a rewarding career in the built environment.
This episode is hosted by Frances Watson, Content Manager.
Against a backdrop of a gruelling six months for investors, we take a deep-dive into the world of high yield and investment-grade bonds, a look at underlying corporate fundamentals, and what to expect ahead of the upcoming Q2 results.
Speakers are:
Ben Bennett, Head of Investment Strategy & Research Matt Rees, Head of Global Bond Strategies
This episode is hosted by Frances Watson, Content Manager.
In this special episode of LGIM talks, Dame Sally Davies, UK Special Envoy on antimicrobial resistance, talks to Michael Marks about the dangers of AMR and how an unwillingness to address this health issue affects not just patients but the whole of the food chain, our water system and ultimately investors.
This episode was recorded as part of LGIM’s Sustainability Summit and is hosted by Michael Marks, Head of Responsible Investment Integration.
In this month’s episode, Sonja Laud, LGIM’s chief investment officer, discusses the current bout of market volatility, with a focus on trading conditions, money markets and LDI strategies. Sonja is joined by:
- Ed Wicks, Head of Trading
- Guy Whitby-Smith, Head of Solutions Portfolio Management
The episode is hosted by Max Julius, Head of Content, and was recorded on Wednesday, 15 June.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Why is the oil price firming and what are the repercussions for global growth? And how quickly will central bankers continue to tighten monetary policy? Ben Bennett, Head of Investment Strategy and Research reveals all.
In this episode Mike Adefuye, Senior Research Manager, Real Assets, paints a picture of a typical BtR apartment, analyses the risks and opportunities faced by investors and examines the sector’s role as a potential inflation hedge.
This episode is hosted by Frances Watson, Content Manager.
What’s behind the latest profit warnings from US retailers? How is bad news being received by investors? And what’s behind the recent dollar strength? Ben Bennett, Head of Strategy and Investment Research explains all.
This episode is hosted by Frances Watson, Content Manager.
In this month’s episode, Sonja Laud, LGIM’s Chief Investment Officer, discusses recession risk, where we are in the economic cycle and understanding the balance between energy security and the path to net zero. Sonja was joined by:
Mike Barrie, Director of Fund Management, Real Assets Shuen Chan, Head of ESG, Real Assets
This episode was hosted by Frances Watson, Content Manager and was recorded today.
Cyberattacks on critical national infrastructure are on the increase, and companies also face increasingly sophisticated threats to their data. In today’s podcast we examine who has the upper hand, and the new technologies that could turn the tide.
Speaker: Aude Martin, Senior ETF Investment Specialist, Index Funds
Host: Harry Brooks, European Content Manager, ETFs
Higher inflation, slower growth and tighter monetary conditions have led to increased talk of recession. But just how much recession risk is priced into markets? Ben Bennett, Head of Investment Strategy and Research explains all.
This episode is hosted by Frances Watson, Content Manager.
In this special podcast we highlight some of the issues in our 11th annual Active ownership report - from the real living wage and inequality, through to flood risk and the complexities of ESG more generally.
This episode, recorded in April, features:
Kurt Morriesen, Head of Investment Stewardship Amelia Tan, Head of Responsible Investing Strategy Shuen Chan, Head of ESG Real Assets Frances Watson, Content Manager
To read the report go to www.lgim.com/activeowner
Amid the turmoil of the year so far, what is the prevailing factor dominating DC savers’ pension preferences? In this podcast, we take a deep dive into the differences between UK and Irish scheme members when it comes to responsible investing.
Featuring: * Stuart Murphy, Co-Head of DC * Richard Kelly, Head of Client Business, Ireland * Janette Weir, Owner and Director, Ignition House
And hosted by Eliza Grimond, Senior Content Manager.
In this episode of LGIM Talks, Hetal Mehta, Senior European Economist, analyses the reasons behind skyrocketing living costs, the policymakers’ response and whether or not the fall in real incomes will make recession in Europe inevitable.
This episode is hosted by Frances Watson, Content Manager.
In this month’s episode, Sonja Laud, LGIM’s chief investment officer, discussed the complex market environment facing investors, with a focus on inflation, earnings season and the long-term implications of the conflict in Ukraine. Sonja was joined by:
- Madeleine King, Head of Research and Engagement
- John Roe, Head of Multi-Asset funds
The episode was hosted by Max Julius, Head of Content, and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this special edition of Market Talk, we take a more in-depth look at the twin factors driving markets currently; growth and inflation. More specifically we look at GDP growth in China, the Fed’s aggressive monetary stance and investor implications of an inflationary environment at the portfolio level.
Speakers are: Ben Bennett, Head of Investment Strategy & Research John Roe, Head of Multi-Asset Funds
This episode is hosted by Frances Watson, Content Manager
Two years on from the first COVID lockdown, and in this podcast, we look at how the hotel sector has recovered since then, how it’s coping with current challenges in the form of rising labour and energy costs and what are the overall implications from an investor standpoint.
Speakers are: Matt Soffair, Research Manager for Hotels and Leisure Louise Burney, Senior Asset Manager for Operational Real Estate
This episode is hosted by Frances Watson, Content Manager.
In this latest edition of Market Talk, Ben Bennett, Head of Investment Strategy and Research explains the reasons behind China’s volatile stock market, why central banks need to raise interest rates and whether or not montetary tightening will be balanced by fiscal easing.
This episode is hosted by Frances Watson.
In this special update, Sonja Laud, our CIO, discusses the latest macro and market implications of the conflict in Ukraine, with a particular focus on implications for the energy complex, climate change, debt markets and index strategies. Sonja is joined by:
- Howie Li, Global Head of Index and ETFs
- Nick Stansbury, Head of Climate Solutions
- Raza Agha, Head of Emerging Market Credit Strategy
Follow us on LinkedIn and Twitter for our latest updates; discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In celebration of International Women’s Day, Sarah Bates, Co-founder of the Diversity Project, spotlights the changing attitudes towards women in financial services, the importance of challenging the status quo and promoting diversity and the impact of COVID-19 on women’s roles in the workplace.
This episode is hosted by Lindsey Bass.
The conflict in Ukraine is moving markets worldwide, driving the oil price to its highest level in more than seven years. But what does this mean for investors, and how might it impact inflation globally, when the cost of living is already rising? In this episode, we explain why it is dangerous to get caught up in any particular inflation story, and why we believe that global inflation – led by the US – is much more systemically important for the fate of risk assets.
Our expert panel includes: • Tim Drayson, Head of Economics • Colin Reedie, Head of Active Strategies • John Roe, Head of Multi-Asset Funds • Chris Jeffery, Head of Inflation and Rates Strategy • Laura Brown, Head of Client Solutions
The conflict in Ukraine is moving markets worldwide. So we’re sharing with our podcast listeners the recording of a live client call we held on Thursday with our CIO, Sonja Laud, and experts from across LGIM on what the developing situation means for investors. Sonja was joined by:
- Howie Li, Global Head of Index and ETFs
- Ed Wicks, Head of Trading
- Emiel van den Heiligenberg, Head of Asset Allocation
- Erik Lueth, Global Emerging Market Economist
- Mark Johnson, Head of Institutional Clients
Follow us on LinkedIn and Twitter for our latest updates; discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this fortnightly episode of Market Talk, Ben Bennett, LGIM’s Head of Investment Strategy and Research, looks at the market implications of escalating Russia-Ukraine tensions, fresh inflation data and declines in fixed-income assets.
The episode is hosted by Max Julius, Head of Content, and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates; discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this short podcast, our Global Economist James Carrick, takes a brief look at the causes behind global inflation, its differing effects on consumers and the various implications for economic growth.
This podcast is hosted by Frances Watson.
In this month’s CIO call, Sonja Laud, LGIM’s chief investment officer, discusses how the hawkish shift in monetary policy is reverberating across markets, with a focus on public and private credit. Sonja is joined by:
- Nicholas Bamber, Head of Private Credit, LGIM Real Assets
- Mark Benstead, Head of Pan European Credit
The episode is hosted by Max Julius, Head of Content, and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates; discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
From her early days of excelling on the netball court, and singing in Gilbert and Sullivan’s operettas, to navigating the defined contribution pension landscape, Rita Butler-Jones, Co-Head of DC Pensions, takes us on her own very personal journey; explaining how she landed in the world of pensions and her plans for DC at LGIM.
This episode is hosted by Eliza Grimond.
As China prepares to enter a new lunar year, Ben Bennett, Head of Investment Strategy and Research gives us a deep dive into Chinese equities, bonds, property and sketches the likely outlook for Chinese growth from his Hong Kong base.
This episode was hosted by Frances Watson.
It has been a difficult start to the year for many tech stocks. In this episode, we look through the present volatility to examine the broader relationship between valuations and growth themes. Seemingly high starting price-to-earnings ratios haven’t seemed to deter investors’ fear of missing out (FOMO) in the past, but should they lead to a fear of joining in (FOJI) today? LGIM’s ETF analyst Elisa Piscopiello shares her fascinating research on this important topic in this episode of LGIM Talks.
This episode is hosted by Robert StGeorge.
Bond yields are grinding higher and volatility has returned to global stock markets. So what’s driving the changing narrative and what can we expect to glean from this week’s all-important US Federal Reserve meeting? Ben Bennett, Head of Investment Strategy and Research, explains.
This episode is hosted by Frances Watson.
As the Federal Reserve prepares to push the button on US interest rates, Ben Bennett, head of investment strategy and research looks at the implications of rising US bond yields on the technology sector. And while the US is in a rate-tightening cycle, the latest easing measure from China comes amid renewed problems in the country’s property sector.
This episode is hosted by Frances Watson.
In this month’s special edition of the CIO call, Sonja Laud, LGIM’s chief investment officer, discussed the macro and market outlook this year, with a focus on the balancing act faced by central bankers in light of resurgent inflation. Sonja was joined by:
- Colin Reedie, Head of Active Strategies
- Tim Drayson, Head of Economics
The episode was hosted by Max Julius, Head of Content, and was recorded yesterday.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In our final episode of our mini-series, join Lindsey Bass and Laura Brown as they interview Claire Jones and Dan Mikulskis from LCP, pulling apart the threads of what net zero really means to them.
Participants: Claire Jones, Partner and Head of Responsible Investment, LCP Dan Mikulskis, Partner, LCP Lindsey Bass, Head of UK Consultant Relations, LGIM Laura Brown, Head of Client Solutions, LGIM
As inflation continues to hit the headlines, we discuss the challenges and questions that DB pension portfolios are likely to face in 2022, and what we expect from markets.
SPEAKERS:
Lindsey Bass, Head of UK Consultant Relations
Emma Rayner, Senior Solutions Distribution Manager
Chris Jeffery, Strategist, Asset Allocation
Guy Whitby-Smith, Head of Solutions Portfolio Management, LDI
In this year’s final edition of the CIO call, Sonja Laud, LGIM’s chief investment officer, discussed the themes likely to dominate markets next year and other insights from our 2022 outlook. Sonja was joined by:
- Will Riley, Head of Solutions
- Emiel van den Heiligenberg, Head of Asset Allocation
The episode was hosted by Max Julius, Head of Content, and was recorded on 15 December.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
The search for yield, diversification, cashflow and secure income have all changed the way investors consider real assets in their portfolios. But what are the main factors driving the asset class? And what will 2022 bring? Guests: Rob Martin, Director, Strategy & ESG Lushan Sun, Private credit research manager
This episode is hosted by Frances Watson.
Research referred to around the ‘green premium’ is Knight Frank, as at September 2021.
In the last episode of Market Talk for 2021, Ben Bennett, Head of Investment Strategy and Research takes a look back at financial markets in 2021 – what stood out for him and what surprised him the most. He also explains what key themes might dominate markets in 2022.
This episode is hosted by Frances Watson.
In our third podcast on the theme of “what does net zero mean to you?”, we discuss climate targets and topics with David Vickers from Brunel.
Speakers: Guest: David Vickers, Chief Investment Officer at Brunel Pension Partnership Lindsey Bass, Head of UK Consultant Relations Laura Brown, Head of Client Solutions
Why didn’t credit markets behave the way the textbooks said they would at a time when inflation jumped? How will the oil price affect how emerging-market bonds behave? And how late are we in the cycle? In this episode, LGIM’s Raza Agha, head of emerging market credit strategy, and Matthew Rees, head of global bond strategy, explain all and assess the likely challenges, and potential “black swan” left-field events, that we might see in 2022.
This episode was hosted by Keith Campbell and recorded on 30 November.
How will the new COVID variant impact financial markets? What is an uptick in M&A activity telling us? And where next for the oil price? Ben Bennett, Head of Investment Strategy and Research explains all in the latest episode of Market Talk.
This episode is hosted by Frances Watson.
With the US consumer in good spirits, will the Fed have to taper more quickly than first thought? And with renewed COVID restrictions in Europe what are the implications for European value stocks? Ben Bennett, Head of Investment Strategy and Research explains all.
This episode is hosted by Frances Watson.
In this month’s special edition of the CIO call, Sonja Laud, LGIM’s chief investment officer, examined the implications for investors of this month’s global climate summit, in a live webinar with clients. Sonja was joined by:
- Shuen Chan, Head of ESG, LGIM Real Assets
- Madeleine King, Co-Head of Global Investment Grade Research
The episode was hosted by Max Julius, Head of Content, and was recorded yesterday.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Strong corporate earnings have propelled equity markets higher and the US dollar is rallying in sympathy. But what does that mean for emerging market debt? And will Jay Powell stay at the Federal Reserve helm or be replaced? Ben Bennett, Head of Investment Research and Strategy, explains all.
This episode is hosted by Frances Watson.
In our second podcast on the theme of “what does net zero mean to you?”, we discuss climate targets and topics with Tegs Harding from Independent Trustee Services.
Speakers: Guest: Tegs Harding, Director, Independent Trustee Services Lindsey Bass, Head of UK Consultant Relations Laura Brown, Head of Client Solutions
Strong US payrolls and still the US Federal Reserve retains a patient stance, while China witnesses the emergence of new COVID cases and renewed lockdowns. Ben Bennett, Head of Investment Strategy and Research, explains all in the latest episode of Market Talk.
This episode is hosted by Frances Watson.
The end of extreme monetary policy may be approaching but equity markets remain buoyant. So, what’s driving them and could it all change? Ben Bennett, Head of Investment Strategy and Research, explains all in his latest podcast.
This episode is hosted by Frances Watson.
In this episode, and before travelling to Glasgow’s COP26, Michelle Scrimgeour, LGIM’s CEO, spoke with UN Patron of the Oceans, Lewis Pugh. Discussed were the dangers of Greenland’s melting ice, the horrors of single-use plastics and the role of the asset management industry in tackling climate change.
This episode was recorded on 29 October, before the start of COP26.
After 20 years of liability-driven investing, we look back at how trends in LDI have changed over the past two decades and ask what can trustees expect for the future? This episode is hosted by Amardeep Nagra, Co-Head Strategic Client Team.
Guest speakers are: Steve Jones, Head of Pensions at Boots Tim Giles, Senior Partner and EMEA Managing Director for Aon Investments
US corporate earnings, the global inflation outlook and monetary-policy tightening are the subject of this week’s episode of Market Talk, with Ben Bennett, LGIM’s Head of Investment Strategy and Research.
The podcast was recorded earlier today and is hosted by Max Julius, Head of Content.
In this month’s episode, Sonja Laud, LGIM’s CIO, discusses recent market and macro developments, in particular how the outlook for monetary policy is likely to sway asset classes. She also touches on the energy shock in the context of COP26 and efforts to fight climate change. Sonja is joined by:
- Guy Whitby Smith, Head of Solutions Portfolio Management
- Stuart Hitchcock, Head of Portfolio Management, Private Credit, LGIM Real Assets
The episode is hosted by Max Julius, Head of Content, and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
It’s been a rollercoaster year and a half with unprecedented challenges. While we have recently seen a return to some aspects of life pre-COVID, there is undoubtedly a new normal way of working. In this episode Matthew Kemp, Senior Investment Sales Manager catches up with Nick Marshall, Head of Fund Solutions at Peregrine & Black to discuss how intermediaries have navigated the investment landscape during COVID-19 and how to prepare for the future.
Equity markets remain resilient against a backdrop of inflationary pressures, rising commodity prices and possible rate tightening by the Bank of England. But bond markets appear less so. Listen to the latest episode of Market Talk.
Speakers are:
Ben Bennett, Head of Investment Strategy and Research Frances Watson, Content Manager
As the urgency surrounding the latest UN-backed summit intensifies, we reveal why the public and private sectors need to act now in the face of a climate crisis.
Speakers are: Shuen Chan Head of ESG, Real Assets Catherine Ogden, Manager, Sustainability and Responsible Investment
This episode is hosted by Frances Watson.
What do rising US bond yields and a stronger dollar have in common? And how will negotiations over the US debt ceiling play out? Listen to the latest episode of Market Talk with Ben Bennett, Head of Investment Strategy and Research.
Speakers are:
Ben Bennett, Head of Investment Strategy and Research Frances Watson, Content Manager
As climate issues heat up for pension schemes, we’ll be featuring guest speakers from across the investment industry, to discuss “what does net zero mean for you”?
Speakers: Guest: Tim Manuel, Partner, Co-Head of Responsible Investment at Aon Lindsey Bass, Head of UK Consultant Relations Laura Brown, Head of Client Solutions
Tax-free cash may be the nation’s favourite pension perk, but are retirees getting the most out of their money? From behavioural insights to tax efficiencies, we explore the myths, hidden benefits -- and the pitfalls -- surrounding this feted but misunderstood feature of DC pensions.
Contributors:
Rita Butler-Jones, Co-head of DC Stuart Murphy, Co-head of DC Kath Photiou, Head of DC Product
In this month’s episode of the CIO call, Sonja Laud shares her perspective on developments in China’s property sector and tapering by the Federal Reserve, and discusses with our expert guests current investor positioning, trading conditions, and themes from cybersecurity to hydrogen. Sonja, LGIM’s Chief Investment Officer, is joined by:
- Ed Wicks, Head of Trading
- Howie Li, Head of ETFs
The episode is hosted by Robert St George and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
How will the fall-out from Chinese property group, Evergrande, impact investors? And what will a post-Angela Merkel Germany look like? Listen to the latest episode of Market Talk with Ben Bennett, Head of Investment Strategy and Research.
Speakers are:
Ben Bennett, Head of Investment Strategy and Research Frances Watson, Content Manager
Martin Reeves, Global Head of High Yield, looks at the factors affecting high yield currently and explains what, he believes, are the key takeaways to finding opportunities in the high-yield universe.
Speakers are: Martin Reeves, Global Head of High Yield Frances Watson, Content Manager
What should investors make of the latest rhetoric from ECB President, Christine Lagarde, and how may the latest US and UK fiscal moves impact investors? Ben Bennett, Head of Investment Strategy and Research explains.
This episode is hosted by Frances Watson.
Economic growth may have been downgraded in the US and China but does stronger European inflation necessarily warrant a more hawkish ECB? Listen to Ben Bennett, Head of Investment Strategy & Research on Market Talk.
This episode is hosted by Frances Watson.
In this month’s episode of the CIO call, Sonja Laud discusses developments at the Fed and in China, with a focus on the global inflation outlook, as well as touching on climate risks and opportunities in the run-up to COP26. Sonja, LGIM’s Chief Investment Officer, is joined by:
- Christopher Jeffery, Head of Inflation and Rates Strategy
- Ben Bennett, Head of Investment Strategy and Research
The episode is hosted by Max Julius, Head of Content, and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this latest episode of LGIM Talks, Bill Hughes, Head of Real Assets, talks candidly about the extension of the landlord moratorium on the landlord/tenant relationship, what it means for savers and how likely it is to impact sector returns more generally.
Is the Fed still on track for tapering in light of the latest US unemployment figures? And how are we looking at risk in light of current stellar equity valuations? Listen to Ben Bennett, Head of Investment Strategy & Research on Market Talk.
This episode is hosted by Frances Watson.
Ben Bennett, Head of Investment Strategy and Research, talks US technology, tells us why China wobbles are specific to the region and reveals why he’s in holiday mood - all on Market Talk.
This episode is hosted by Frances Watson.
Women retiring today can expect to collect less than half of their male counterparts’ pensions. But is the gap narrowing – and what can be done to improve outcomes for women of all backgrounds?
This episode is hosted by Kim Brown, Pension Scheme Director at Legal & General, with contributions from:
- SuAnn Song, Investment Solutions Associate, Legal & General Investment Management
- Caren Thomas, HR Director, Chartered Insurance Institute
Why is China initiating a crackdown in certain sectors, what is the rally in global bond prices telling us and could the Fed give us a date for tapering this week? Ben Bennett, head of investment strategy and research, reveals all in Market Talk.
This episode is hosted by Frances Watson.
In this regular episode of Market Talk, Ben Bennett, head of investment strategy and research, gives us his brief take on the market impact of the Delta variant, where next for the oil price and the European Commission’s efforts to tackle climate change.
This episode is hosted by Frances Watson.
In this month’s episode, Sonja Laud, LGIM’s CIO, discusses the latest developments moving markets, with a focus on the interplay between the global economy, policymakers and investors. Sonja is joined by: * Colin Reedie, Head of Active Strategies * Lars Kreckel, Global Equity Strategist
The episode is hosted by Max Julius, Head of Content, and was recorded today. Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this regular episode of Market Talk, Ben Bennett, head of investment strategy and research, gives us his brief take on US payrolls, the opening up of the UK economy and what’s in focus for the G20 finance leaders. This episode is hosted by Frances Watson.
When it comes to responsible investing, many of us realise the need for action on climate change. But do we know the characters behind the cause? Join Shuen Chan as she describes her idyllic childhood in Malaysia, her time in Paris at COP 21 and how she sees her present-day role shaping up as Head of ESG, Real Assets. This episode is hosted by Frances Watson.
In this week’s episode of Market Talk, we discuss the ongoing flurry of central bank speak, the outlook for cyclical stocks and some potentially market-moving events due this week.
The call features Ben Bennett, head of Investment Strategy and Research, and was hosted earlier today by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates. Discover the LGIM Blog for more insights from our investment team.
For the second year running, we surveyed over 3,000 DC members to find out how the pandemic had affected their attitudes towards saving and if the crisis had altered their attitudes around ESG issues. Our speakers are: * Veronica Humble, Head of DC Investment Solutions * Janette Weir, Director Ignition House
This episode is hosted by Eliza Grimond.
In this episode of Market Talk, Ben Bennett, head of investment strategy and research, gives us his brief take on the latest thoughts from the Fed meeting, as well as the implications of a flatter yield curve and a stronger dollar. This episode is hosted by Frances Watson.
In the book and film Moneyball, Michael Lewis showed how data analysis helped a baseball team uncover hidden talent. This has obvious lessons for investors – not least for value investors – but in this episode of LGIM Talks, our Head of Asset Allocation Emiel van den Heiligenberg takes a different perspective. He explains how data helps him analyse the performance of his team, shares his assessment of their track record, and faces some of our fastball questions on topics like Bitcoin and inflation.
After an extraordinary rally, risk assets may be at an inflection point amid questions over inflation and stimulus removal – and investors’ surging ESG expectations. In this month’s episode, Sonja Laud, LGIM’s CIO, discusses how these dynamics might play out. Sonja is joined by:
- David Barron, Head of Index Equity & Smart Beta
- Shaunak Mazumder, Senior Fund Manager
The episode is hosted by Max Julius and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this episode of Market Talk, Ben Bennett, head of investment strategy and research, gives us his brief take on US payrolls, the growth versus value trade and the upcoming G7 summit. This episode is hosted by Frances Watson.
In this week’s episode, Justin Onuekwusi, LGIM’s Head of Retail Multi-Asset Funds talks candidly about his career journey to become a fund manager, why 2020 was possibly his toughest year so far, and his ongoing work as a diversity and inclusion champion. The episode is hosted by Jun Merrett. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this first episode of Market Talk, Ben Bennett, head of investment strategy and research, gives us his brief take on the latest Fed minutes, the reasons behind the fall in cryptocurrency and dollar weakness. This episode is hosted by Frances Watson.
Sonja Laud, LGIM’s CIO, discusses the market outlook in light of recent macro developments, with a focus on some of the themes that emerged in our CIO spring update – in particular, the outlook for inflation. Sonja is joined by: * Will Riley, Head of Solutions * Jason Shoup, Head of Global Credit Strategy, LGIM America
The episode is hosted by Max Julius and was recorded on Friday, 14 May Follow us on LinkedIn and Twitter for our latest updates and discover The LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this episode of Blog on the Pod, Lars Kreckel, Global Equity Strategist tells us why PMIs can be good forward-looking indicators, examines their correlation to stock markets and gives us his take on equity markets more generally. This episode is hosted by Frances Watson.
As a responsible investor, we believe in the power of engaging with the companies in which we invest to turn the dial on ESG issues. But how do we make a difference? Gavin Launder and Matthew Courtnell from our Active Equities team share their process and insights. * Gavin Launder, Senior Fund Manager, Active Equities * Matthew Courtnell, Responsible Investment Analyst
This episode is hosted by Jun Merrett.
How can fortunes be revived in the retail sector? Is enough being done to accommodate changing consumer tastes? How is digital technology playing its part and what are the overall implications for investors? Speakers are: * Denz Ibrahim, Head of Retail and Futuring * Matt Soffair, Research Manager, Retail and Leisure Assets
This episode is hosted by Frances Watson.
Sonja Laud, LGIM’s CIO, discusses the market outlook in light of recent macro developments, with a focus on the commodity complex and global energy transition. Sonja is joined by:
- Nick Stansbury, Head of Climate Solutions
- Court Gilbert, Senior Credit Analyst
The episode is hosted by Max Julius and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover The LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In equity markets, is quality in the eye of the beholder? Perhaps – if that investor also beholds the right data. In this episode, we discuss how investors can conceptualise quality in both qualitative and quantitative ways, and what it can add to portfolios. This episode was recorded in April and features: Fadi Zaher, Head of Index Research and Development Aanand Venkatramanan, Head of ETF Investment Strategies Robert St George, Content Manager
We discuss the key themes that emerge in our 10th annual Active Ownership report, which outlines the decisive action LGIM took in 2020 across a range of ESG issues – from addressing the near-term dangers posed by COVID-19 to tackling the longer-term threat of climate change. This episode was recorded in February and features: * Sacha Sadan, Director of Investment Stewardship * Meryam Omi, Head of Sustainability and Responsible Investment Strategy * Max Julius, Head of Content
[Click here www.lgim.com/activeowner to read the report.] Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In our Blog on the Pod episode, John Southall, Head of Solutions Research, explores the similarities and differences of DB and DC investor behaviour in the face of pitifully low bond yields. The episode is hosted by Frances Watson. Follow us on LinkedIn for our latest updates and discover The LGIM Blog
for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this week’s podcast, we discuss secure income assets, dispelling some myths and explaining some key features of this asset class, including how it can support a cleaner, greener future. The speakers are:
- Stuart Hitchcock, Head of Portfolio Management, Private Credit
- Laura Brown, Head of Client Solutions, Distribution
- Samuel Jones, Portfolio Manager, Real Assets
The episode is hosted by Alyssa Ford.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Sonja Laud, LGIM’s CIO, discusses the market outlook in light of recent macro developments, with a focus on fixed income volatility and conditions in emerging markets. Sonja is joined by:
- Ben Bennett, Head of Investment Strategy and Research
- Erik Lueth, Global Emerging Market Economist
The episode is hosted by Max Julius and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover The LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this week’s episode of blog on the pod, we look at the ratio of rising stars to fallen angels in high-yield debt, chat about how a rise in interest rates could impact the asset class and ask how much of the economic recovery is already priced in? The speaker is: * Martin Reeves, Global Head of High Yield
The episode is hosted by Frances Watson. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this week’s episode, members of LGIM’s Real Asset team examine what the office sector will look like in a post-COVID world in light of occupier requirements. The speakers are: * Bill Page, Head of Real Estate Market Research * James Spencer-Jones, Head of Real Estate Debt
The episode is hosted by Frances Watson. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Sonja Laud, LGIM’s CIO, discusses the market outlook in light of recent macro developments, with a focus on key themes that emerged in the Q4 company earnings season. Sonja is joined by:
· Madeleine King, Co-Head of Global Investment Grade Credit
· Gavin Launder, Senior Fund Manager
The episode is hosted by Max Julius and was recorded today.
Follow us on LinkedIn and Twitter for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this week’s episode, Emiel van den Heiligenberg, head of asset allocation, examines the reasons behind renewed bubble talk and outlines his views on how he would allocate to bonds and equities given the current market backdrop. This episode is hosted by Frances Watson.
Follow us on LinkedIn and Twitter for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this week’s episode, we look at the reality around some myths that have emerged about investing in bonds through ETFs. From why the Federal Reserve bought bond ETFs last year to whether liquidity in these funds can be trusted, Cosmo Elms from LGIM’s ETF team shares his analysis and views.
In this week’s episode, some of LGIM’s leading women managers share their experiences of personal growth and career development, challenging gender bias and balancing life outside of work. The speakers are: * Michelle Scrimgeour, Chief Executive Officer * Sarah Aitken, Head of Distribution * Sonja Laud, Chief Investment Officer * Brenda Sklar, Global Chief Operating Officer * Martina Kay, Global HR Officer
The episode is hosted by Frances Watson and was recorded earlier in January. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Sonja Laud, LGIM’s CIO, discusses the market outlook in light of recent COVID-19 developments, the U.S. Democratic Party’s gains in Georgia and the Brexit deal. Sonja is joined by:
· Colin Reedie, Co-Head of Global Fixed Income
· James Carrick, Global Economist, Asset Allocation
The episode is hosted by Max Julius and was recorded yesterday. You can watch the presentation here.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
With slogans inviting us to be a ‘net-zero hero’ and to create ‘pensions with intention’, campaign group Make My Money Matter is causing a stir with their quest to get pension schemes to commit to net-zero carbon emissions by 2050. But is it what scheme members want too? Emma Douglas puts a panel of DC and climate experts on the spot. Featured on this podcast: · Tony Burdon, CEO of Make My Money Matter · Emma Douglas, Head of DC, LGIM · Catherine Redmond, a trustee of Legal & General’s Mastertrust · Meryam Omi, LGIM’s Head of Sustainability and Responsible Investment Strategy
Sonja Laud, LGIM’s CIO, discusses our investment outlook for next year, touching on the prospects for the major asset classes – as well as gold and bitcoin. Sonja is joined by:
· Emiel van den Heiligenberg, Head of Asset Allocation
· Will Riley, Head of Solutions
The episode is hosted by Max Julius and was recorded earlier today. You can watch the presentation here.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Uday (Woody) Patnaik, head of emerging market debt, summarises the tailwinds for his asset class, while also considering potential risks.
Hetal Mehta, Senior European Economist, looks at the effects of the UK’s increasing debt burden on competitiveness, the bond market and inflation rate.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
This week, Dan Batterton, Head of Build-to-Rent at LGIM Real Assets and Michael Adefuye, Senior Research Manager at LGIM Real Assets, discuss how the BTR sector has fared during the COVID-19 pandemic and how a focus on ESG considerations may be the key to its future.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Sonja Laud, LGIM’s CIO, discusses the implications for investors of the US presidential election, after hopes for an early, clear outcome were confounded. Sonja is joined by:
· Jason Shoup, Head of Global Credit Strategy, LGIMA
· Tim Drayson, Head of Economics
The episode is introduced by Max Julius and was recorded earlier today.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
To help spur net-zero carbon emissions by 2050, we’ve renewed our Climate Impact Pledge, making the targeted engagement programme with the companies in which we invest on behalf of our clients even more ambitious.
In this episode of LGIM Talks, Meryam Omi, Head of Sustainability and Responsible Investment Strategy, and Iancu Daramus and Yasmine Svan, senior sustainability analysts, discuss what the pledge has achieved since we launched it in 2016 – and how we are updating it.
This episode is hosted by Max Julius, Head of Content.
You can find more information about the pledge here.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
This week, Sonja Laud, LGIM’s CIO, discusses the latest developments shaping the market and macro environment, with a focus on how a Biden administration could impact the oil and gas industry. Sonja is joined by: · John Roe, Head of Multi-Asset Funds
· Nick Stansbury, Head of Commodity Research
Watch the full webinar replay here: https://event.on24.com/wcc/r/2668244/82F4D74D7777A4B907BC2EBE6E220D75
This episode is hosted by Max Julius and was recorded earlier today.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
In this episode, we play a segment from our recent conference for DB and DC clients, in which Nick Stansbury, our Head of Commodity Research, explores the risks and opportunities posed by climate change and the energy transition.
The episode is introduced by Max Julius and was recorded earlier this month.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.a
With the EU recently publishing a hydrogen strategy and Joe Biden advocating “carbon-free hydrogen” in his manifesto, we look at the realities behind hydrogen fuel cells and discuss what this technology means for investors in battery technology. Aanand Venkatramanan – Head of ETF Investment Strategies at LGIM Robert St George – Content Manager at LGIM
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
This week, Sonja Laud, LGIM’s CIO, discusses the latest developments shaping the market and macro environment, with a focus on what the US Federal Reserve’s recent policy review means for investors. Sonja is joined by:
· Ben Bennett, Head of Investment Strategy and Research
· Christopher Jeffery, Head of Rates and Inflation Strategy
Watch the full webinar replay here: https://event.on24.com/wcc/r/2594899/62C46DE139A7DE656EE46062B3BAB6A5
This episode is hosted by Max Julius and was recorded earlier today.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
Just why are people so worried about not having enough money to spend in retirement?
This podcast explores whether, against the backdrop of long-term low interest rates and negative bond yields, the global transition from a mainly working-age to retirement-age population spurs inflation in practice as well as just theory.
We also ask what the pensions industry can do to reassure savers and encourage healthy spending.
Featuring: Ben Bennett, Head of Investment Strategy and Research Simon Chinnery, Head of DC Client Solutions
This week, Sonja Laud, LGIM’s CIO, discusses the latest developments shaping the market and macro environment, with a focus on the Q2 corporate earnings season. Sonja is joined by:
· Emiel van den Heiligenberg, Head of Asset Allocation
· Madeleine King, Co-Head of Global Investment Grade Research
· Nigel Masding, Senior Fund Manager, Active Equities
Watch the full webinar replay here: https://event.on24.com/wcc/r/2560399/18256564595DF76122C45EF786817F71
This episode is hosted by Max Julius and was recorded earlier today.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
James Sparshott and Iancu Daramus discuss the impact of climate change for long-term investors, including the pressures they are under, and some of the actions they can take. James Sparshott – Head of Local Authorities, Distribution Iancu Daramus – Senior Sustainability Analyst, Investment Stewardship This episode is hosted by Alyssa Ford and was recorded in January 2020.
Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
What unites dark comedy, diversity and defined contribution (DC) pensions? In this episode, Emma Douglas discusses the seismic shifts that have happened in the pensions landscape across her career, including auto-enrolment, freedom and choice and a renewed focus on female savers. Emma tells us how she went from putting on plays at the Edinburgh fringe to managing a successful business that includes administration, member communications, client service and investments – and explains how she still manages to bring some drama to DC.
Featuring: Emma Douglas, Head of DC, LGIM Eliza Grimond, Senior Content Manager, LGIM
This week, Sonja Laud, LGIM’s CIO, discussed the latest developments shaping the market and macro environment, with a focus on factor-based investing and exchange traded funds (ETFs). Sonja was joined by:
· Howie Li, Head of ETFs · Fadi Zaher, Head of Index Solutions Watch the full webinar replay here: https://event.on24.com/wcc/r/2413742/48BE81BBA7D0C0AE1C74F299C33E3BB9 This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
This week, Sonja Laud, LGIM’s CIO, discussed the latest developments shaping the market and macro environment, with a focus on real assets and the role of investment beliefs in periods of volatility. Sonja was joined by:
· Bill Hughes, Head of Real Assets · Tim Dougall, Head of Investment Advisory Watch the full webinar replay here:
https://event.on24.com/wcc/r/2407234/4560E0382C46D469C667245CE384FBDA This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors:
· Sonja Laud, Chief Investment Officer · Emiel van den Heiligenberg, Head of Asset Allocation Read the team’s full outlook here: https://www.lgim.com/uk/en/insights/our-thinking/market-insights/cio-outlook-recovery-positions.html
This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
· Sonja Laud, Chief Investment Officer · Edward Wicks, Head of Trading, EMEA · Guy Whitby-Smith, Head of Solutions Portfolio Management Watch the full webinar replay here: https://event.on24.com/wcc/r/2363518/2DB52C18E0167B494185D6391A8857A8 This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Ben Bennett, Head of Investment Strategy & Research · Tim Drayson, Head of Economics Watch the full webinar replay here: https://event.on24.com/wcc/r/2363477/EC9C0538656891AF7756A514D2901EC2
This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
The “OK Boomer!” retort from the Instagram generation has been levelled at out-of-touch parents on everything from Trump to tidying their room. Now they are being blamed for their views on climate. But are Boomers really the baddies?
LGIM asked 1000 respondents across three generations – Millennials, Generation X and Baby Boomers – about their views on ESG integration, to discover what really matters to each group, and how savers want their ESG preferences to be incorporated into their investments. In this podcast, Emma Douglas, LGIM’s Head of DC, discusses the findings of our exclusive research with Eliza Grimond, Senior Content Manager and Simon Chinnery, Head of DC Client Solutions. Read the full research here: www.lgim.com/dc-esg-research
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Erik Lueth, Global Emerging Market Economist · Uday Patnaik, Head of Emerging Market Debt This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Mark Benstead, Head of Active Credit Solutions · Chris Jeffery, Head of Inflation and Rates Strategy This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Emiel van den Heiligenberg, Head of Asset Allocation · Nigel Masding, Senior Fund Manager This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Madeline King, Co-Head of Pan-European Investment Grade Research · Martin Reeves, Head of Global High Yield This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Hetal Mehta, Senior European Economist · Howie Li, Head of ETFs This episode is hosted by Max Julius and was recorded earlier today. Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call, the following speakers discuss what is happening in markets and what it all means for investors: · Sonja Laud, Chief Investment Officer · Sacha Sadan, Director of Investment Stewardship · David Barron, Head of Index Equity & Smart Beta This episode is hosted by Max Julius and was recorded earlier today. · Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. · Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week on The CIO Call to discuss what’s happening in markets this week and what it all means for investors: · Sonja Laud, Chief Investment Officer · Bill Hughes, Head of Real Assets · Tim Dougall, Head of Investment Advisory · Guy Whitby Smith, Head of Solutions Portfolio Management, LDI Funds This episode is hosted by Max Julius and was recorded earlier today. · Follow us on LinkedIn for our latest updates and discover The LGIM Blog for the latest insights from the investment team. · Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week, John Roe, Head of Multi-Asset Funds, and Colin Reedie, Co-Head of Global Fixed Income, joins The CIO Call with Sonja Laud, Chief Investment Officer, to discuss what’s happening in markets this week and what it all means for investors. This episode is hosted by Max Julius and was recorded earlier today. · Follow us on LinkedIn for our latest updates and discover our ‘Future World Blog’ for the latest insights from the investment team. · Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. Got an idea for next week’s topic? We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of what you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
This week, Tim Drayson, Head of Economics, and Ben Bennett, Head of Investment Strategy and Research, joins the call with Sonja Laud, Chief Investment Officer, to discuss what’s happening in markets this week and what it all means for investors. This episode is hosted by Max Julius and was recorded earlier today. · Follow us on LinkedIn for our latest updates and discover our ‘Future World Blog’ for the latest insights from the investment team. · Never miss another episode of LGIM Talks and hit subscribe in your Apple Podcasts or Spotify app or wherever you listen to podcasts. Got an idea for next week’s topic? We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of what you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
When the direction of markets seems totally unknowable, constructing an investment strategy can sometimes feel like a battle.
Among other things, investors need to find a decent array of weapons, or investment opportunities; guard against attacks, or shield against unrewarded risks; and, as no plan survives contact with the enemy, adapt to changing market circumstances. This week we’re talking to the LGIM Solutions team which helps clients solve their investment problems and win these particular battles.
As Bruce Lee said, “Obey the principles without being bound by them.”
Find all eight principles featured in our 2020 CIO Outlook: https://www.lgim.com/uk/en/insights/our-thinking/market-insights/cio-outlook-year-of-change.html
· Will Riley, Head of Solutions, LGIM
· Tim Dougall, Head of Investment Advisory, LGIM
· Max Julius, Head of Content, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
How much money do you really need in retirement? Amid large amounts of confusion in the UK workforce, the Pensions and Lifetime Savings Association (PLSA) might just have the answer. Inspired by the “five-a-day” mantra, the PLSA’s Policy Board have developed Retirement Living Standards as guidelines for how much retirees need to live off – and what they can realistically afford to buy – at three levels of income. These virtual “shopping baskets” include everything from your weekly grocery drop to how many holidays you need a year, and much more besides.
This week, we interrogate how and why the standards were developed, what happens for couples, taking the bus and whether you can still afford to have fun in retirement! · Emma Douglas, Head of Defined Contribution, LGIM and Chair of the PLSA’s Policy Board
· George Currie, Policy Lead: Lifetime Savings, PLSA
· Eliza Grimond, Senior Content Manager, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Leadership, strategy and culture are all critical when assessing a company – whether for future investment or perhaps if you’re considering a role there. But the one that always stands out to employees’ lived experiences is culture and yet is still seen as so elusive given it is embedded in unspoken behaviours, social patterns and mind-sets. This makes it hard for boards and would-be investors to assess, manage and measure. Difficult, but not impossible.
This week, we talk to Clare Payn about her experience working with boards and fund managers about how she and the Investment Stewardship team understands corporate culture, the ways it can be measured, and how it can be successfully changed and developed over time.
· Clare Payn, Senior Global ESG & Diversity Manager, LGIM
· Mark Chappel, Senior Content Manager, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
So many of our conversations with investors about stewardship are about two key problems: how can we judge the impact of your actions and how can we compare your work with your competitors? When so many are claiming to have ESG in their DNA, the ambitious update to the Stewardship Code goes a long way to putting an end to greenwashing. With new expectations about how investment and stewardship are integrated across asset classes, tougher hurdles to become a signatory and publicly available reporting from 2021, investors can expect a lot more transparency and comparability in the future. This week, we’re exploring what it means for you in detail and why it will become a lot harder, and a lot more meaningful, for an asset manager to be a signatory of the new code.
· Jeannette Andrews, Senior Global ESG Manager, Investment Stewardship team
· Mark Chappel, Senior Content Manager, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
It’s no secret that robo-advisers have opened up the industry. For years, wealth managers appeared as though they only catered for the those who, well, had a large amount of wealth to be managed.
But is the story of the technological upstart disrupting an age-old industry too reductive? And can robo-advice really provide the necessary guidance customers are looking for when so many have such nuanced circumstances?
We ask Chris Barrett, Investment Director at JM Finn, how his company has innovated their service offering and why there might actually be a place for both traditional advice and robo-advice in clients’ portfolios.
· Chris Barrett, Investment Director, JM Finn
· Matthew Kemp, Senior Investment Sales Manager, LGIM
· Mark Chappel, Senior Content Manager, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
What makes a ‘modern’ office space that genuinely suits occupiers’ needs? Is it a fully serviced environment, accompanied by all the technological bells and whistles available? Or perhaps it’s the more traditional but sparsely furnished option? Customer expectations today have highlighted the limitations of both services and traditional offices and the need for genuine intermediate solutions.
Joining LGIM Talks this week are guests from the Real Assets to talk about the flexible office market, designed for fast-growing SMEs and larger corporates. As a sector ripe for disruption, we discuss how simplified leasing processes, high quality spaces and of course the security of a trusted landlord can help businesses and deliver long-term investment returns.
· Andrew Mercer, Office Sector Lead
· Bill Page, Head of Real Estates Market Research
The opportunities being created by the wider adoption of artificial intelligence (AI) and robotics are immense. Spending on cognitive and AI systems is forecast to grow from $12 billion in 2017 to $78 billion in 2022, according to IDC, and McKinsey projects that AI technologies are likely to increase global economic output by $13 trillion, or 16%, by 2030.
For cutting-edge insight into these trends, we were joined for this podcast by Professor Wyatt Newman, one of the world’s foremost authorities on robotics who has worked on developing autonomous vehicles and humanoid robots for disaster response.
The challenge for investors is to translate these exciting developments into strategies aligned with the growth of the AI and robotics industries. To explore these topics, we also heard from experts at ROBO Global® about how to identify and invest in the companies pioneering these technologies.
· Professor Wyatt Newman, a leading researcher in the areas of mechatronics, robotics and computational intelligence
· Jeremie Capron, Director of Research at ROBO Global®
· Richard Lightbound, CEO - EMEA & Asia at ROBO Global®
· Robert St George, Content Manager at LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
2018 was a record year for pension scheme bulk annuity transactions, with nearly £25bn of deals, and this trend will have continued into 2019 too. According to a survey by AoN Hewitt, the time for schemes to reach their end‐game target is currently less than ten years.
Every pension scheme is different, so even if schemes are targeting the same solution, they will need their own bespoke action plan to fit their own circumstances and move them on their journey towards end‐game. While there may be some uncertainties, there are practical steps that schemes can take to navigate the twists and turns more smoothly.
In this episode, we talk to Pretty and Lisa about why end-game is so important for pension schemes at the moment, the state of the buyout market, and what schemes can to in order to prepare for a buyout.
Featuring:
- Lisa Purdy, Head of Fiduciary Distribution
- Pretty Sagoo, Head of Pricing and Execution, PRT
- Alyssa Ford, Institutional Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a nonprofessional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management
Whether we believe it or not, trust in the system is broken. Recent audit scandals have prompted reform and yet further reform is expected. Having a robust audit committee is a pivotal aspect of improving the effectiveness and accuracy of auditing, and restoring trust. The audit committee has responsibility for the assurance framework for both financial and non-financial published numbers. As ESG data becomes more and more important for investors, this is a critical role. In this episode, we talk to Sacha about why having a strong and empowered audit committee is so important for a company’s investors and some of the best practices he and his team have seen throughout the years. Featuring: · Sacha Sadan, Director of Corporate Governance · Mark Chappel, Senior Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Meeting fund managers to talk about new products or their performance takes up so much of fund researchers’ time. With so many managers to meet, researchers like James have developed a number of strategies to make help them and others in the industry get the most from these meetings as possible. In this episode, we talk to James Calder and LGIM’s own Matthew Kemp about the City Asset Management approach and what they look for in a fund manager. Featuring: · James Calder, Research Director, City Asset Management · Matthew Kemp, Senior Investment Sales Manager, LGIM · Mark Chappel, Senior Content Manager, LGIM We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
It’s not often that you have to read full state constitutions as part of your role. But Brexit and the European political upheaval of recent years have transformed Hetal’s day-to-day work as an economist. LGIM’s foremost speaker on Brexit and European politics and economics, she has appeared on the BBC, Bloomberg, CNBC and more to filter the investment signals from the political noise. In this episode, Hetal talks about the reasons she loves economics (‘it’s maths, with more real-world results’), a path from investment banking to asset management, as well as her passion for cooking and her work as a qualified photographer. Featuring: · Hetal Mehta, Senior European Economist · Mark Chappel, Senior Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
This is an extraordinary moment for investors. Many asset classes have notched up double-digit returns over 2019, with equities hovering close to record highs even as trillions of dollars of bonds offer negative yields. But even though markets appear to underappreciate certain key risks, there are still reasons for investors to be cheerful. In our final episode of the year, we talk to Sonja, CIO, and Emiel, Head of Asset Allocation, about why global growth may ultimately disappoint investors even as recession fears abate, the many ways in which the US election could disrupt markets appear under-priced, and why a style rotation from growth to value could have a significant impact in 2020. Read the full investment outlook for the year ahead here: https://www.lgim.com/uk/en/insights/our-thinking/market-insights/cio-outlook-year-of-change.html?cid=lgimtalks Featuring: · Sonja Laud, Chief Investment Officer · Emiel van den Heiligenberg, Head of Asset Allocation · Max Julius, Head of Content We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In this special episode, Michelle Scrimgeour reflects on her career through asset management and her first five months as CEO of Legal & General Investment Management. From her time at Blackrock, M&G, Columbia Threadneedle and now LGIM, it’s clear that the City has not just become more international but also more inclusive “Culture is critical”, she says. “Joining LGIM was a different role again and I wanted to join somewhere with a strong culture and that I could quickly feel a part of in a natural way.” Talking with Sarah Aitken, Head of Distribution, they discuss key megatrends that face asset managers from ESG, “no longer a nice-to-have”, to the shifting technological and regulatory landscapes. As she looks ahead, creating a resilient business comes down its purpose, “we’ve got to stay true to our core. The purpose of an organisation becomes hypercritical when the world is changing around you.” Featuring: · Michelle Scrimgeour, Chief Executive Officer, LGIM · Sarah Aitken, Head of Distribution, LGIM We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
With over $15 trillion in negative yielding bonds in the market, a decade of loose monetary policy has left developed market yields languishing and investors on the hunt for sources of higher return. Enter emerging market debt. At a market size of over $12 trillion, this can no longer be considered a niche asset class. Cashflow matching strategies are customised investment solutions, designed to enable clients such as pension schemes or insurance companies to meet their liabilities. In this episode, we discuss how emerging market fixed income has an important role to play in designing cashflow matching strategies. · John Grey, Emerging Market Credit Analyst · Karen Ng, Buy & Maintain team · Toby Orpin, Senior Solutions Distribution Manager Read the team’s full article here: https://www.lgim.com/uk/en/insights/our-thinking/client-solutions/missing-piece-of-the-cashflow-matching-puzzle.html?cid=lgimtalks
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Governance is at the heart of what The Pensions Regulator (TPR) does because good governance means good outcomes for members. With a wealth of new statutory guidance coming into force, especially in such areas as ESG, Anthony has been instrumental in delivering education and support to help trustees find their way through this new regulatory landscape. Joining us at our DB/DC Client Investment Conference earlier this autumn, Anthony discussed the work of TPR, its key areas of focus including the “21st Century Trusteeship” project and, of course, how incorporating financially material ESG factors into investments can help better prepare schemes for the future and manage long-term risks. This conversation was also recorded live! Find the full video on our YouTube channel here: https://www.youtube.com/channel/UCUmfV6VjfydEykC6QzXNPSQ/featured?disable_polymer=1 · Anthony Raymond, General Counsel and Director of Legal Services, The Pensions Regulator · Mark Chappel, Senior Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The world is facing a water crisis. If that sounds alarmist, consider a few statistics. The global per capita water supply has fallen by 56% since 1962, with 57% of aquifers having passed the tipping point. By 2025, 1.8 billion people are expected to be living in regions with absolute water scarcity and two-thirds of the world’s population will be living under water-stress conditions. Population growth is obviously a factor in this, but water shortages are also being aggravated by many other forces, from climate change to urbanisation. And even where there is plentiful water, it is becoming increasingly polluted. Cumulatively, this is forecast to lead to a deficit of at least 40% between the availability of and demand for fresh water in the next 10 years. Yet, as Aanand Venkatramanan explains in this episode, we need not despair if we act now. Clean water is one of the UN’s Sustainable Development Goals, and should attract investment of up to $23 trillion over the next 10-20 years. Aanand describes some of the most promising technologies that will help us meet this challenge, and sets out the opportunities they create for investors. For more insights into the investment opportunities in the market for clean water, visit: http://www2.landginvestments.com/l/26932/2019-07-10/6x5n3d/26932/108837/LGIM_ETF_CLEAN_WATER_BROCHURE.pdf • Aanand Venkatramanan, Head of ETF Investment Strategies • Robert StGeorge, Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
One the most engaging speakers at both LGIM’s Retail and DB/DC Client Conferences, Dr Paul Redmond is one of the foremost speakers on the subject of how different generations can work together most effectively. There has been so much written about millennials – what they want, what they don’t want, their expectations – that it can seem like this is really a generation that stands apart and sometimes in conflict with the others. But according to Dr Redmond, this is far from the truth. While there are some characteristics unique to this generation, we all have a lot more in common than you might think. In this fascinating conversation, we discuss some of the innovative tips he has for managers – including ‘reverse mentoring’ – and the ways millennials can best learn from Generation X. This conversation was also recorded live! Find the full video on our YouTube channel here: https://youtu.be/hlh7LrdsUHk
· Dr Paul Redmond, Director of Student Experience and Enhancement, University of Liverpool · Mark Chappel, Senior Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In an episode earlier this year, Howie Li and John Roe discussed what separates long-term investment themes from fads. As Howie explains, the enduring themes are those that are changing the foundations of how we live and work – from disruptive technology to the energy revolution and demographic shifts.
Yet capturing these themes in an investment strategy is not easy, so in this episode Howie addresses some recurring questions we’ve received from listeners and clients. How do we avoid companies exploiting thematic buzzwords for their own marketing purposes rather than genuinely innovating? What is the difference between a thematic and a sector-based investment strategy? How can investors integrate themes into their portfolios? Is it possible to time exposure to themes?
Howie covers all these challenging topics and more in this conversation, while also sharing practical examples of how we can put the theory of thematic investing into practice.
To find out more and read our full paper on thematic investing, visit: http://www2.landginvestments.com/disruptive-technology
· Howie Li, Head of ETFs
· Robert StGeorge, Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Live from the Landmark Hotel! We recorded this episode while at our DB/DC Client Conference where the topic of dealing with retirement anxiety was such a major topic. So that’s why we’re absolutely delighted to be joined by Julie Richards Group Director of Pensions of Boots Walgreens Alliance.
The challenges of whether pension scheme members are prepared enough for retirement (“the cliff edge”) and, crucially for all of us in the industry, what we can do more to make sure they feel in control of their pension and what their retirement will look like.
In a first for LGIM Talks, we also videoed this episode while on the road! Check out Simon and Julie on our YouTube channel here: https://www.youtube.com/channel/UCUmfV6VjfydEykC6QzXNPSQ/videos
· Julie Richards, Group Director of Pensions of Boots Walgreens Alliance
· Simon Chinnery, Head of DC Client Solutions, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
What can Alex Ferguson’s career teach us about factor investing? In recent years, index and factor investing solutions have been bestsellers. But factor investing success is not a foregone conclusion, and there are plenty of quirks and misprints in the literature.
In his new book, Index Fund Management: A Practical Guide to Smart Beta, Factor Investing and Risk Premia, Fadi Zaher simplifies the world of factors and calls out both the factor fanatics and the smart beta sceptics. This conversation touches on the five equity factors that matter – value, quality, momentum, low volatility and size – and why factors are the nutrients in your portfolio meal, you have to have a balance!
Fadi’s book is available on Amazon now and you can also find more of his writings on factor investing here: https://futureworldblog.lgim.com/authors/fadi-zaher/?cid=lgimtalks
· Fadi Zaher, Head of Index Solutions and author
· Max Julius, Head of Content
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Many investors will still tell you that responsible investment approaches begin and end with negative screens – excluding whole sectors such as oil & gas from portfolios. This is entirely understandable: if an investor wants an ESG integrated portfolio, it seems strange to continue to hold oil stocks. But when you apply this to a market-cap index – such as the MSCI World with its whopping 5% energy weighting – exclusion means allocating more to the technology and finance sectors as a result, perhaps not necessarily the diversification you might have been looking for from an index.
It’s also important to think about what exclusions do to your factor exposure. Swapping energy for tech might have been great for returns these past five years, but on a factor basis that means you will be overweight growth and underweight value going into the next turn of the economic cycle.
In this conversation, we discuss the unintended consequences of exclusions and dive into the ways ESG analysis can be integrated into index products to give you a high ESG impact without a high tracking error.
To find out more and read Dave’s full research paper, visit: www.lgim.com/friendorfoe?cid=lgimtalks
· Dave Barron, Head of Index Equity & Smart Beta
· Robert StGeorge, Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Many pension schemes store a huge amount of member data. But this is often difficult to access, incomplete or inconsistent, and stored in multiple formats – PDFs, spreadsheets and others. Schemes struggle to analyse their data, develop sample user personas, and make predictions about future trends and behaviours, let alone support members in improving their pension choices to improve outcomes.
Our episode this week explores how schemes can put this wealth of data to use. Trustees need to be able to cut through the noise of unnecessary data and find the insights in their specific members’ behaviour. For instance, member communication might not only better show their future total pension pot but also how they compare with others in the demographic group – are you saving more or less than people in a similar position?
In an environment where trustees and scheme managers are time-poor, data-rich, and finding underlying information a struggle to organise, a one-stop-data-shop can provide a clearer picture of your scheme.
Read Stuart’s full article here: https://www.lgim.com/uk/en/insights/our-thinking/client-solutions/the-power-of-data-science.html?cid=lgimtalks
· Stuart Murphy, Head of DC Client Management, L&G
· Peter Jackson, Director of Group Data Sciences, L&G
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Advisers are no stranger to the PFS. With its royal charter to ‘secure and justify the confidence of the public’, this professional body is committed to helping its members develop their careers and maintain high standards through competence, integrity and care for the customer. Under the leadership of Keith Richards, the society has focused on three key pillars: (1) greater member engagement, (2) involvement in regulatory and public policymaking and (3) engaging the public to raise awareness about the high-quality service available.
In this week’s episode, I talk to Keith about how advisers can demonstrate real value for their clients, the booming market for advisers overseas and the demand for well-qualified professionals, and of course, costs and regulation. From the Pension Transfer Gold Standard to the amazing pro-bono community work its members can take part in, our conversation covers almost everything about what it means to be an adviser today and his prediction that we’ll still see some of the family names above advisory firms still there in 100 years’ time.
Find out more about the work of the PFS here: https://www.thepfs.org/
· Keith Richards, CEO, The Personal Finance Society
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Unfortunately, and as much as we might like it to be the case, there is no miracle elixir for defined benefit schemes. Rather than hoping for magic, we’ve identified some tried and tested methods for making sure schemes run like well-oiled machine – mixed metaphors aside.
Studies have long shown that asset allocation is hugely important, typically accounting for the vast majority of the variation in portfolio returns over time. So focusing on asset allocation, alongside rigorous risk management and cost control within a strong governance framework, is what will drive improved outcomes for schemes. That in turn can create a more stable corporate balance sheet and improve benefit security for members. However, we often see significant time spent picking lots of different investment managers – either directly or via a fiduciary manager – who come with the promise of added value, despite there being no comprehensive evidence either way.
In this conversation, we discuss the key ways defined benefit schemes can improve their effectiveness.
· Lisa Purdy, Head of Fiduciary Distribution
· Mark Vickery, Client Director
· Eliza Grimond, Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Her path from sports to asset management is a fascinating one – from her first job in Dublin, to London where international clients would mistake her for French because of her distinctly un-Irish name! After having been recruited into recruiting by a recruiter at asset manager M&G, she saw how this world is about connecting with talent and how do we as a company and an industry present ourselves as a place where people can be themselves. Her passions lie in communicating a company’s culture and values, and capturing people’s hearts and minds in creating a more inclusive workplace.
To kick off LGIM’s ‘Inclusion Week’, this conversation covers the whole range of issues surrounding diversity – which have often only been talked about in silos – and why culture matters; it underpins every part of our working lives and is essentially to creating that sense of belonging.
· Colette Comerford, Head of Inclusion & Culture
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
E-commerce has changed the way we shop in a rapid space of time, growing at an annual average of 17% according to ONS calculations. But our demand for quick, reliable delivery has driven up the demand for logistics-capable properties closer to urban centres and this has reinvigorated the once ‘steady and dull’ industrial real assets sector. Prologis estimates that e-commerce logistics requires three times the floorspace of conventional logistics – a clear opportunity for investors’ capital.
But investors piling into the urban logistics trend risk overpaying. A careful consideration of both macro location (growing populations, supportive density, and improving consumer spending) and micro location (which side of the low-emission zone will be best for business?) is key for performance.
Our conversation this week dives into the ways this investment theme has developed over the years, why it’s likely to keep growing and also the risks investors should consider before going in guns blazing.
Read Bill’s blog on the subject here: https://futureworldblog.lgim.com/categories/insights/urban-logistics-externalities-and-opportunity/?cid=lgimtalks
· Bill Page, Business Space Research Manager, Real Assets
· Tim Packer, Assistant Fund Manager, Real Assets
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The last decade has transformed the investment grade credit market. It’s not just that the size of the market has grown immensely, it’s that the average credit quality is much lower, meaning that risk of ‘fallen angel’ downgrades from investment grade to high yield rating is much higher. When the team stress-tested the investment grade market, the results were surprising: the number of expected downgrades could reach levels not seen since 2016.
We interview Madeleine about the research, why investor’s earlier fears about company over-leveraging have softened as balance sheets improved and why a hard Brexit might not drive up the number of UK downgrades as you might think.
· Madeleine King, Co-Head of Pan-European Investment Grade Research
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
When contemplating what the final months of 2019 might have in store, we are probably similar to many other investors in feeling somewhat apprehensive, given the challenges we face: trade tensions, slowing growth, policy uncertainty and, of course, Brexit. Global growth has cooled over the last year and so the key question is whether the world economy has the underlying strength to prevent a number of key risks – from trade tensions, to a manufacturing slowdown, to Brexit – from tipping it towards recession.
This week, Sonja Laud and Emiel van den Heiligenberg discuss the their outlook for markets, their expectations for inflation and why, even in this uncertain environment, the Asset Allocation team still prefer equities to credit.
Read the full outlook here: http://www.lgim.com/uk/en/knowledge/thought-leadership/?cid=lgimtalks
· Sonja Laud, Chief Investment Officer
· Emiel van den Heiligenberg, Head of Asset Allocation
· Max Julius, Head of Content
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
We’re promised so many different things that are going to ‘change the world’ – from ever-smarter smartphones to space tourism. And investing for the long term means that each of us in the market are trying to assess what are the most meaningful changes, the impact they might have on our portfolios and where the new investment opportunities might be. But a question we’re so often asked by allocators and advisers is what’s a genuine long-term investment trend, and what’s a flash-in-the-pan investment fad?
In this conversation, we put together a method investors can use to differentiate the two and ask our guest experts their thoughts on some very esoteric topics, from vaping and cryptocurrencies to electric vehicles and e-sports. Not to be done all at the same time though.
· Howie Li, Head of ETFs
· John Roe, Head of Multi-Asset Funds
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
With an August bank holiday hitting the mid-thirties, it feels like summer is going out with a bang. That’s why we thought we’d record a summer special episode of our own while we’re joined by some incredibly talented work experience guests at Legal & General Investment Management. Following our episode on millenials and how they’re saving and investing, we took the opportunity to ask these members of Generation Z how they’re looking at money, what are the financial features that most appeal and what they wish was taught more about personal finance in schools.
· Blessing Verrall, Work Experience
· George Bentley, Work Experience
· Mark Chappel, Senior Content Manager, LGIM
· Eliza Grimond, Content Manager, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Christine Lagarde has a CV that makes many of us jealous: partner at the prestigious law firm Baker McKenzie by age 31, finance minister for France during the financial crisis, Chairman of the G20 in 2011 before becoming Managing Director of the International Monetary Fund, and most recently, nominated to the presidency of the European Central Bank.
In this episode, we’re discussing how investors can look at changes of central bank leadership and why they matter for dealing with both the ‘five minutes to midnight’ problems and the much less pressing but no less important structural issues facing developed economies. Where many have praised Lagarde’s (small-p) political skills, how can we contrast this to market fears about Jerome Powell over at the Federal Reserve? And here at home, what can we expect from the as-yet unknown replacement for Mark Carney?
Read Hetal’s post on Lagarde’s appointment on our Future World Blog: https://futureworldblog.lgim.com/categories/insights/ecb-the-changing-of-lagarde/?cid=lgimtalks
· Hetal Mehta, Senior European Economist
· Chris Jeffery, Strategist
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
We’ve unintentionally created a series in the past few months on the podcast. From the episode with Richard Romer-Lee which touched on the importance of communication with customers to the one with Helena Morrissey about how technology can help advisers reach more of the ‘uninvested’, these form a theme about how we as an industry are communicating with clients.
This week we’re continuing that conversation by inviting Andy O’Shea, Investment Director and Head of Fund Solutions at Pharon IFA, to talk to us about the ways he’s managing client conversations about risk and return expectations, how diversification is important but can easily confuse customers, the burgeoning role of thematics and alternatives, and how we need to look beyond headline costs to an investment’s fundamental value.
Also joining the podcast is Senior Investment Sales Manager, Matt Kemp, to provide his experience of the retail market and briefly discuss his West Ham fanzine, Over Land and Sea.
Read Matt’s latest insights on our Future World Blog: https://futureworldblog.lgim.com/authors/matthew-kemp/?cid=lgimtalks
· Andy O’Shea, Investment Director and Head of Fund Solutions, Pharon IFA
· Matthew Kemp, Senior Investment Sales Manager
· Mark Chappel, Senior Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
While his distinctive Canadian twang might give him away, but Howie came to the UK to study law and fell in love with the place. A lawyer by training, he saw that would provide a useful structure of skills for transferring to a more commercial industry.
From his time advising hedge funds to his current role as Head of ETFs, Howie has seen the index industry transformed over the years. Just 10 years ago, many investors’ first question about ETFs was what they were – now it’s so much more exciting where investors looking at the whole range of indexing opportunities such as thematic and factor-based investing.
Howie loves to travel with his family – especially to Italy on account of the food – but having moved to London has meant that his earlier passion for cars is a touch impractical…
Find out more about our ETF capabilities here: http://www.lgimetf.com/institutional/uk/en-gb?cid=lgimtalks
· Howie Li, Head of ETFs
· Robert StGeorge, Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Many investors don’t think they need an ETF trading strategy – that is until it’s too late. After all, how different can it be from trading a stock?
But buying and selling ETFs requires a much clearer view on the liquidity of the underlying securities. According to this week’s guest, Annacarla Dellepiane, Head of ETF Capital Markets, employing best practices can shave crucial basis points off of your next transaction. This can include considering market volatility in relation to bid/ask spreads and avoiding specific market events such as opens, close or the dates of major announcements.
Find out more about our ETF capabilities here: http://www.lgimetf.com/institutional/uk/en-gb?cid=lgimtalks
· Annacarla Dellepiane, Head of ETF Capital Markets
· Robert StGeorge, Content Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Where have all the deficit hawks gone? With mainstream politicians no longer comparing government finances to household saving habits, it appears that a new wave of fiscal spending is on the horizon. This is part of a growing debate around Modern Monetary Theory, also known as MMT or “a dangerous proposition” if you’re the ECB, about why spending should only be constrained by inflation, how unemployment exists by choice, and that fiscal policy should be the main tool to control economic cycles. In a world where central banks have become persistently more dovish as inflation targets are missed, the tenets of MMT mean that it has become much easier for politicians to run up larger deficits. In this episode, we explore the potentially radical implications this theory and the changing political landscape could have for inflation and investors’ portfolios. Find more of the team’s insights on Politics & Policy here: http://www.lgim.com/uk/en/insights/our-thinking/long-term-thinking/?cid=lgimtalks
· Alex Mack, Fixed Income Fund Manager · Mark Chappel, Senior Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Sonja brings a wealth of experiences to her new role as Chief Investment Officer. But at school, her dream job would have been to become a professional horse-rider and fill her time with dressage and show jumping. An apprenticeship at Deutsche Bank introduced her to the world of finance but it was internships at DWS, a consulting practice and in marketing for a not-for-profit organisation which showed her where her career passions lay. Sonja Laud discusses how there is no status quo for asset managers in a time of structural shifts in regulation, and client demand. But it’s also a sign that asset managers as an industry need to step up to the big societal issues on which clients are looking for action. With regards to LGIM, its clear to her that the next trillion under management will have to come from a very different source than the first. Hear more about her personal experience with coaching and the importance of mentoring in this wide-reaching episode. Quick note: This episode was recorded in the previous month while Sonja was still Deputy CIO so there might be a few confusing references! · Sonja Laud, Chief Investment Officer · Eliza Grimond, Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
We’d all love to predict with pinpoint accuracy the timing of any future bouts of volatility and the impact it would have for schemes’ returns. In turbulent times, investing can be like an endless game of ‘whack-a-mole’ – as one risk is removed, another can come to light. While fortune-telling might not yet be an exact science, there are still a number of methods defined benefit schemes can employ to manage their risk. In this week’s episode, we look at how aligning your asset strategy to your long-term goals, rather than short-term market cycles, can help provide some portfolio protection. The team also discuss the benefits of using natural cashflows to meet the need for income which avoids the risk of selling assets in stressed conditions. You can find the full article discussed in this episode here: http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/managing-risk-in-turbulent-times.html?cid=lgimtalks
· Femi Bart-Williams, Senior Solutions Strategy Manager · Peter Boakes, Solutions Strategy Manager · James Kinsley, Senior Consultant Relations Executive We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The responsibility for people’s financial futures has increasingly been transferred to the individual yet a broad majority of the population remain wary of investing. Asset managers, advisers and pension schemes need to emotionally engage people to make investing not only relevant but also appealing. Technology is by no means the panacea to this challenge but it can be a crucial component of that engagement. The personal finance landscape has gone through a technological upheaval and yet still seems like it has a long way to go. From thoughtfully designed propositions to tailored user experiences, this episode explores some of the lessons learned from Legal & General’s efforts to ‘engage the nation’ in investing, the ways they’ve invested and developed their technology and what’s the future for the direct-to-consumer industry. To find out more about the Personal Investing side of Legal & General visit https://www.legalandgeneral.com/investments/ * Helena Morrissey, Head of Personal Investing, L&G * Steve Davis, Head of Propositions, LGIM Strategy * Catherine ‘CJ’ Fildes, Senior Communications Manager, L&G
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Question: Are people at parties talking to you about stocks? If the answer is ‘yes’ then (1) you could be going to the wrong sorts of parties or, more likely, (2) this could be a qualitative indicator that the economy is in ‘bubble’ territory. This episode looks at the ways investors can use quantitative and qualitative indicators to try and forecast the next economic recession. After a valiant attempt to explain the economic cycle in just one sentence, Emiel van den Heiligenberg, Head of Asset Allocation, discusses why the triggers of the next downturn will be different and why cycle dynamics means that resilient portfolio construction is more important than ever. Also joining the podcast is resident Yogi Berra expert and Head of Retail Multi-Asset Funds, Justin Onuekwusi, on how he integrates these indicators and behavioural economics into his portfolio strategy and how the market is ‘like déjà vu all over again’. To find out more about his eponymous ‘Heiligenberg Index’, read Emiel’s latest blog here: https://macromatters.lgim.com/categories/strategy/i-have-a-fascination-for-market-bubbles/?cid=lgimtalks · Emiel van den Heiligenberg, Head of Asset Allocation · Justin Onuekwusi, Head of Retail Multi-Asset Funds · Eliza Grimond, Content Manager We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
How will the FCA clarification that environmental, social and governance (or ESG) considerations are “financially material” risks affect the IGC’s approach to scheme oversight? Daniel Godfrey, LGIM IGC member and former chief executive of the Investment Association, discusses what the IGC’s expanded powers mean, what LGIM’s approach to ESG integration means for pensions, and future risks and opportunities. Simon Chinnery, Head of DC Client Solutions, explains what is top of mind for his clients, and what LGIM is doing to help.
The target absolute return sector has been unloved to say the least. With the offer of ‘investment nirvana’, as Square Mile’s Richard Romer-Lee puts it, these funds look to reduce volatility and still deliver performance in difficult markets. In this conversation, I sat down with Richard and LGIM’s own Head of UK Retail Distribution, James Crossley, to discuss whether this is a ‘genre, not a sector’, the top concerns he’s hearing from advisers and wealth managers, and how communication and transparency are crucial in managing investors’ risk and return expectations. This episode was recorded at the London Stock Exchange where Richard had just hosted a live webinar featuring a panel of industry experts on diversification, risk management and the role of alternatives in your portfolios. You can watch the whole webinar here:
https://event.on24.com/wcc/r/1990531/6AECE2D7A856E8A1ECEC782CF537ED32?partnerref=LGIMTalksDiversification * Richard Romer-Lee, Managing Director, Square Mile * James Crossley, Head of UK Retail Sales, LGIM * Mark Chappel, Senior Investment Writer, LGIM
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Working in her father’s London clothes shop taught Honor two things: that she loved meeting people from all over the world, and that she also loved to sell. In her time in sales teams over her career, she has sought to surround herself with a talented team with great culture – a key combination which helps push everyone to perform to the best of their ability. In this episode of In Conversation With, we talk about the pain points for so many of her clients (regulation) and how no industry is immune to disruption (especially ours). In addition to her role, Honor also helped set up the Legal & General Inclusion Team which includes a focus on all areas of inclusion as well as providing support for those who look after both young children and ageing relatives – the ‘care sandwich’. With a black belt in karate and a dream to return to Japan, this episode travels the world of Honor Solomon and what brought her to asset management. * Honor Solomon, Head of Retail, EMEA * Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Good governance is crucial to all boards, whether they oversee a FTSE 100 multinational, a multi-billion pound pension scheme or a national charity. There is no one-size-fits-all approach to how boards should be run but through Sacha and his team’s extensive experience in corporate engagement, they’ve learned that there are plenty of ways to evolve and enhance effectiveness. We know that pressures from executives, stakeholders, as well as the day-to-day oversight of the company or scheme, the role of a non-executive board member has never been more demanding. The increase in regulation and complexity of modern defined benefit and defined contribution schemes has concurrently increased the workload of pension trustees. This week’s episode looks at some of the best practices the Corporate Governance team have seen in place and the key areas which could help boards manage their many responsibilities. Read Sacha’s full article “Board effectiveness: Lessons from companies to trustees” here: http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/?cid=lgimtalks
- Sacha Sadan, Director of Corporate Governance, LGIM
- Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
We’ve heard a lot about the need for urgent climate action in the past few months. Sobering documentaries from David Attenborough and hard-hitting activism from Greta Thunberg and the Extinction Rebellion have brought the issue to the forefront of people’s minds. Investors have a pivotal role in meeting the challenge of financing the transition to a low-carbon future and in finding the wealth of returns opportunities that a low-carbon transition presents. This week we’re coming to you from the studios at the London Stock Exchange after having interviewed the Lord Nicholas Stern, Chair of the Centre for Climate Change Economics and Policy. Lord Stern joined us for our panel webinar ESG: What to know and what to do with LGIM’s Head of Institutional Clients, Mark Johnson, and others on the importance of environmental, social and governance risks and opportunities to investments. Without a hint of irony, this episode recording was almost delayed due to Extinction Rebellion protestors having super-glued themselves to the entrance of the LSE. Watch the full webinar with Lord Stern here: https://youtu.be/3ldIlweafvY
LGIM has also co-written a practical guide to climate change for institutional investors: http://www.lgim.com/files/_document-library/capabilities/iigcc-guide-addressing-climate-risks-and-opportunities-in-the-investment-process.pdf * Lord Nicholas Stern, Chairman of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics * Mark Johnson, Head of Institutional Clients * Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Is a four day working week realistic — or desirable? Chris Jeffery from our Asset Allocation team and Lara Bernard-Villeneuve in our Active Fixed Income team have looked at the data and think it’s more than a leftist’s pipe dream. Set in the context of a history of declining working hours in industrialised countries, the move does not seem so stark – and need not necessarily trigger a drop in wages. In fact, the boost in productivity accruing to companies and countries who have trialled the measure is clear.
With investment implications that stretch from tipping the balance in the workforce away from labour and towards capital-intensive production methods, to a boon for leisure sectors and female participation, join us for an interesting discussion on the opportunities and risks of reduced working hours.
Read the latest insights from the Active Fixed Income team here: https://futureworldblog.lgim.com/asset-classes/bonds/
• Chris Jeffery, Strategist, Asset Allocation • Lara Bernard-Villeneuve, Junior Portfolio Manager, Active Fixed Income • Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In this episode, we talk to Madeleine about her path from netball to new issues. Growing up in Lancashire, she studied Mathematics and Economics, before starting her career on the fixed income floor at Barclays. Having moved from investment banking to asset management nearly four years ago, she can no longer call herself a newbie. Madeleine talks through the changes she has seen so far during her time in the industry, including an increased collaboration with the Corporate Governance team on environmental, social and governance considerations.
Her best piece of advice for new starters in fund management? Don’t plan your career; just let it happen!
Read the latest insights from the Active Fixed Income team here: https://futureworldblog.lgim.com/asset-classes/bonds/
• Madeleine King, Co-Head of Pan European Investment Grade Research
• Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Once again we’ve gone behind the scenes to find out how LGIM’s investment teams manages funds. The Active Equities team places a major emphasis knowing the companies in which they’re invested inside and out. This could be anything from knowing how a company will respond to a competitor’s latest innovation to how their strategy will hold up for the next 10 or 30 years.
It’s all about building that conviction in the investment case and why corporate engagement and access to management is so important. I sat down with Shaunak Mazumder, Senior Fund Manager, and Matthew Courtnell, Equities Product Specialist, to talk more about how concentrated portfolios can be managed with a collaborative, sustainable and long-term mind-set.
Read the latest insights from the Active Equities team here: https://futureworldblog.lgim.com/asset-classes/equities/ • Shaunak Mazumder, Senior Fund Manager • Matthew Courtnell, Equities Product Specialist • Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
It’s said that the only thing that goes up in falling markets is correlation. Diversification across uncorrelated assets, differentiated sources of returns, and foreign currency exposure can help provide natural risk hedges and still deliver the performance sought by investors. This week, we’re talking to members of LGIM’s Asset Allocation team about why investors need to diversify with purpose and the importance nimble asset allocation.
Find out more about keeping asset allocation nimble and sign up to our live webinar on portfolio diversification (6 June) here: http://www2.landginvestments.com/staynimble • Chris Teschmacher, Fund Manager, Asset Allocation team • Duncan Weldon, Strategist, Asset Allocation team • Mark Chappel, Senior Investment Writer We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The race to provide faster broadband is on. But will incumbents be disrupted by the challenger providers: the 'altnets'? The upcoming set of results from BT and their strategy for the future will be crucial in determining the answer.
In 2018, UK consumers spent a total of one day a week online, more than twice as much as in 2007. Time spent online, demand for data and the number of devices connected to the internet all continue to grow, generating demand for ever faster and more reliable internet connections. BT currently passes less than a million homes with full fibre, targeting three million by 2022, and potentially leaving the company vulnerable to market share losses from the altnets in the long term. BT’s future depends on this investment decision – will management be willing to take some short term pain to preserve its long-term success?
Read Marija and Madeleine’s blog here: https://futureworldblog.lgim.com/categories/themes/uk-broadband-infrastructure-at-a-crossroads/?cid=lgimtalks
• Marija Simpraga, Infrastructure Strategist, Real Assets team • Madeleine King, Co-Head of Pan European Investment Grade Research, Global Fixed Income team • Mark Chappel, Senior Investment Writer We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
This week we’ve returned to that famous British obsession: housing. Now that 20% of the UK population are choosing to rent their home, the expectations of lifestyle renters for their home developments have risen accordingly – such as allowing pets or permanent decoration. The build to rent sector involves the large scale development of new housing stock with the needs of ‘lifestyle renters’ in mind. Although the sector is a comparatively young and smaller part of the UK housing puzzle, build to rent can arguably help meet the needs of renters, local authorities and long-term investors alike.
Eleanor Jukes returns to discuss all things renting from how these developments can deliver resilient, inflation-linked incomes, to community engagement, to how residents prefer apartment bedrooms to sit alongside rather than opposite one another because the latter has a distinct ‘prison’ feel...
Find out more about our Real Assets team here: https://www.legalandgeneral.com/institutional/real-assets/?cid=lgimtalks • Eleanor Jukes, Senior Strategist, Real Assets • Mark Chappel, Senior Investment Writer We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Variable or fixed rate mortgage? That’s the first question asked once someone knows you’re an economist, in James’s experience. Despite an original plan to study computer programming, when the school didn’t offer the course he turned to economics, following it through academia and into the Treasury. From the world of computer games to interest rate expectations, we explore James’s search for the ultimate ‘underlying spreadsheet’.
In our discussion, James talks about how the loss of his father’s job shaped his views of booms, busts and policy levers, and how the provision of capital from the ‘haves’ to the ‘have nots’ drives economic innovation and creative destruction.
Today’s guest:
• James Carrick, Global Economist, Asset Allocation team
We want to hear from you. Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
From the Melrose-GKN bid to the first results of our Climate Impact Pledge, 2018 was a crucial year for better understanding the decisions companies make and how we can make sure the interests of investors are looked after.
Technological developments mean that companies are disclosing more data than ever before on their policies and other environmental, social and governance (ESG) metrics, informing our investment and engagement decisions. Sacha Sadan and Meryam Omi join the podcast to talk about the key issues on which they engaged with companies, the recent ESG regulations here in the UK, and the top questions they receive from clients on responsible investing.
Read our Active Ownership report here: http://update.lgim.com/activeowner?cid=lgimtalks
• Sacha Sadan, Director of Corporate Governance • Meryam Omi, Head of Sustainability and Responsible Investment Strategy • Max Julius, Senior Investment Communications Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Investing in the Chinese economy often deals with particularly impressive numbers. This is an economy which has tripled in size since 2005, even now contributing approximately a third of all world GDP growth despite fears that China’s growth has fallen to a ‘mere’ 6%. When a fifth of all travel expenditure comes from the less than 10% of Chinese citizens who hold passports, the Chinese consumer is already an immense driving force of that growth.
Despite this, the medium-term investment outlook for China is often presented as mixed. The surge in debt levels and demographic concerns over an ageing population lead many to fear a Chinese ‘hard landing’. James and Veeral join the podcast for a fascinating discussion on why China looks like 1970s Japan and how the government’s beginning to change its tune on intellectual property rights.
Read James’s latest blog on the China’s structural slowdown here: https://macromatters.lgim.com/categories/economics/chinas-structural-slowdown-why-5-is-the-new-15/
Read Veeral’s latest blog on Chinese mobile subscription costs here: https://futureworldblog.lgim.com/categories/themes/whats-a-chinese-mobile-phone-subscriber-worth/ • James Carrick, Global Economist • Veeral Gandhi, Equity Analyst • Mark Chappel, Senior Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The recent soft patch in growth and dovish shift from the Federal Reserve has made it less likely that the US enters recession next year. While 2019 may not be the year that the US wholly reinvests in its crumbling infrastructure, it’s certainly at the top of both parties’ 2020 policy targets and neither side will want to be outdone. The market has become very pessimistic about infrastructure-related stocks' prospects but we see several potential catalysts that could trigger a rebound over the next two years.
Joining Max on the podcast are Tim Drayson and Lars Kreckel to discuss the team’s contrarian ‘Rebuilding America’ theme and the outlook for US fiscal and monetary policy. Please note that figures are correct as of the time of recording in March 2019.
Read Tim’s latest blog on the US economy here: https://macromatters.lgim.com/categories/economics/us-economy-extending-the-cycle/
Read Lars’s latest blog on US infrastructure stocks here: https://macromatters.lgim.com/categories/strategy/rebuilding-america-the-case-for-us-infrastructure-stocks/
• Tim Drayson, Head of Economics • Lars Kreckel, Global Equity Strategist • Max Julius, Senior Investment Communications Manager
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
As record numbers look to integrate sustainable investment considerations into their portfolios, it comes as no surprise that the world of factor-based investing is not immune. According to a 2018 survey conducted by FTSE Russell, 55% of factor investors are looking to incorporate environmental, social and governance (ESG) company analysis but as yet, there’s been no well-defined blueprint as to how this can be comprehensively achieved.
Joining Eliza are Adam Willis and Dave Barron to discuss the ins and outs of factor index construction and how schemes are building their factor portfolios to not only potentially outperform traditional market-cap index trackers but also integrate ESG analysis simultaneously.
David’s article “Responsible investing: factor friend or foe?” is available here: http://www.lgim.com/uk/en/insights/our-thinking/market-insights/responsible-investing-factor-friend-or-foe.html
• David Barron, Head of Equity Index • Adam Willis, Head of Index and Multi-Asset Distribution • Eliza Grimond, Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
What do you think of when you hear the word ‘millennial’? The archetype most prevalent in advertising and popular culture is one of an early-twenties, affluent (but not too affluent), city-dweller. But the 1.8 billion generation known as millennials are anywhere between the ages of 23 and 37 – by and large they have left undergraduate education, are well established in the workforce and their spending habits have moved from the novelty to the norm.
CJ Fildes and Eliza Grimond join the podcast this week to talk about the latest research on how millennials are engaging with their finances, from real-time spending habit feedback to challenger banks and understanding the need to invest and save for longer.
To read more about our research into customers’ attitudes towards environmental issues and what stops them from taking positive action.
• CJ Fildes, Senior Communications Manager, Personal Investing • Eliza Grimond, Investment Writer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In the late 1990s, when the world of equities was one of pinstriped suits and hard sells, European credit presented exciting new opportunities with a brand new currency. Leaving Lehman Brothers just a few months prior to its downfall, Ben came to Legal & General Investment Management at the epicentre of the global financial crisis.
Understanding the financial world as one of simply matching borrowers and lenders, his role as Head of Investment Strategy and Research involves sorting the signal from the market noise. Directing the company’s long-term research, Ben coordinates our work on the themes and major trends shaping markets and how those non-consensus views can be implemented.
Today’s guest: Ben Bennett, Head of Investment Strategy and Research
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
How can pension trustees prepare for new requirements on the environmental, social and governance (ESG) factors? New guidelines from the Department of Work and Pensions (DWP) make it clear that it is not sufficient to focus on a narrow definition of the bottom line in order to meet schemes’ core objective: providing retirement benefits for members. Instead, trustees must also consider the financial materiality of ESG considerations.
Joining Simon on the podcast this week is Head of Institutional Clients, Mark Johnson, to cover what trustees need to know about the new guidelines and what needs to be done.
If you’d like to read more about our work in this area, our article Material change: a five-step ESG checklist for trustees is available on the LGIM website: http://www.lgim.com/uk/en/insights/our-thinking/
• Mark Johnson, Head of Institutional Clients • Simon Chinnery, Head of DC Client Solutions
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Investors have embraced the world of index-tracking products on the back of comparatively low headline costs and the broad market exposures on offer. But the rise of alternatively constructed indexes, thematic ETFs and the client demand for more inclusion of responsible investment principles into their index funds has prompted a dramatic change in the investment landscape.
Simon joins us this week to shine a light on the often weird and wonderful world of ETFs and other index funds and where investors are looking to incorporate these portfolio building blocks.
Simon Hynes, Head of Retail Distribution, EMEA
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
It’s fair to say that growing up in South Africa helped shape Anton Eser into the Chief Investment Officer he is today. Having lived “in one of the emerging markets” through a tumultuous period in that country’s history, he learned that the perspectives on notions of risk and change are very different when compared to other parts of the world. A chance meeting between him, his younger sister and Nelson Mandela had a profound impact as he would come to develop a deep fascination in economics, world politics and behavioural biases – the latter holding clear parallels with managing both his team and funds in his subsequent career.
His journey to the role of CIO came by way of fixed income, believing that understanding the credit cycle and liquidity are some of the most important things required to inform a comprehensive macro view. In his view, the key trends for the future of investment management are the continuing transformation brought about by technology, the move from performance benchmarks to client outcomes and the increased client demands for sustainability objectives.
Today’s guest: Anton Eser, Chief Investment Officer
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Property: The wellbeing investment opportunity
We’ve all been in meeting rooms where the air has become so stuffy that there’s very little chance of good ideas emerging. Similarly, sitting nearer to a window has been shown to improve employees’ health, energy and performance. We might not often connect real asset investment to health and wellbeing but major trends are bringing it into the mainstream.
A societal shift in exercise habits has led to the UK becoming the most overweight of Western European nations and yet has one of the fastest growing gym markets. By tapping into this change in consumer behaviour through our real estate investments, we can put greater emphasis on wellbeing through our retail and leisure holdings.
In this episode, we connect the opportunities for increased focus on health and wellbeing in both our professional and personal lives and how both can be beneficial for long-term investors.
Matt Soffair, Research Manager, Real Assets Bill Page, Business Space Research Manager, Real Assets
Read Matt’s recent blog on the UK’s growing gym market:
https://futureworldblog.lgim.com/categories/themes/working-out-the-uks-obesity-crisis-20/?cid=lgimtalks
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The green elephant in the room: there’s a lot of conversation in the market about investing responsibly – including integrating environmental, social and governance (ESG) factors – but there’s also a lot of confusion. For many investors it’s often seen in quite binary terms, everything or nothing!
Part of the fact is that it’s not easy to pin down a specific definition. From ethical to impact to ESG considerations, Meryam discusses the broad spectrum of responsible investing and how we might be able to understand the many different shades of green.
Meryam Omi, Head of Sustainability and Responsible Investment Strategy Simon Chinnery, Head of DC Client Solutions
Read Meryam’s most recent article on why now is the time to talk climate solutions here:
https://futureworldblog.lgim.com/categories/themes/now-is-the-time-to-talk-climate-solutions/?cid=lgimtalks
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Behind every role, there’s a story. We’re exploring the lives and careers of people across LGIM to understand more about what brought them to asset management, the changes they expect to see in the investment industry and – if they had to pick anything else – what their dream job would be.
If you’ve listened to any of our Defined Contribution focused episodes, you will have heard Simon’s voice. Through his self-professed middle-man role, he always seems to know just the right question to ask to get to the middle of a particularly thorny DC topic, making him a perfect subject for this series. What I had no idea about was that outside of his role, Simon writes poetry and paints – although he sees his father as having been the proper ‘grown-up artist’!
Despite having trained as a ballerina, his entrance to finance was via the stock exchange as a Blue Button. The real appeal, however, was the relationships and understanding the individual needs of clients. The future for the world of DC, in his view, is a partnership approach and the development of more intelligent communications. After all, there’s little point inundating members at the very beginning of their pension journey with retirement options!
Today’s guest: Simon Chinnery, Head DC Client Solutions
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The need for cybersecurity permeates all levels of society with high-profile data breaches wiping hundreds of millions of dollars off of company valuations. The threat of highly damaging attacks means that security spending will likely increase further to record levels. Aanand joins us to discuss the ever-increasing demand for cybersecurity services and the thematic opportunity for investors in this sector.
Aanand Venkatramanan, Head of ETF Investment Strategies Miriam Breen, Account Manager
Read Aanand’s latest article on cybersecurity here:
http://www2.landginvestments.com/l/26932/2019-02-06/6v65mc/26932/105900/Accessing_the_cyber_opportunity_050219.pdf/?cid=lgimtalks
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Getting the mix of assets in a portfolio belonging to someone coming up to retirement is so important. There are a lot of different factors to take into account when you’re looking at a de-risking ‘journey’ including diversification as well an individual’s particular aversion to loss. With many people not even considering their retirement date until even a few years, a thoughtfully designed proposition has to allow for a considerable degree of flexibility and consider a number of realistic behavioural assumptions.
Veronica Humble, Head of DC Investment Solutions John Southall, Head of Solutions Research Simon Chinnery, Head of DC Client Solutions
Read some of the team’s latest writings on the subject and watch out on our Future World Blog for upcoming ‘vlogs’!
https://futureworldblog.lgim.com/categories/forum/how-much-investment-risk-should-young-dc-savers-take/?cid=lgimtalks
https://futureworldblog.lgim.com/categories/forum/loss-aversion-and-glidepath-design/?cid=lgimtalks
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Following the release of an eye-opening UN report on climate, the time is ripe for investors to act with their own money. This week we’re checking in with Iancu and Yasmine to talk about how we’ve reached the end of the road for coal, the development of exciting new carbon-capture and renewable technologies, and how being an active owner can help accelerate the shift to the low-carbon economy.
Yasmine Svan, Sustainability Analyst, Corporate Governance Iancu Daramus, Sustainability Analyst, Corporate Governance Mark Chappel, Senior Investment Writer
Read Yasmine and Iancu’s latest blog posts here:
https://futureworldblog.lgim.com/categories/themes/the-end-of-the-road-for-coal/
https://futureworldblog.lgim.com/categories/themes/now-is-the-time-to-talk-climate-solutions/
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Analogy #1: If you laid out in $1 bills the amount that has been bought by central banks over the last ten years, you would end up covering an area around five times the size of Wales.
Ahead of the European Central Bank and Federal Reserve meetings happening later this month, we invited Chris and Ben to the podcast to discuss central banks’ reversal of their quantitative easing programmes – a process also known as quantitative tightening – and the impact it’s had on markets. They talk us through the monetary policy in practice and highlight the slightly different ways the LGIM investment teams see the situation.
Ben Bennett, Head of Investment Strategy and Research Chris Jeffery, Strategist, Asset Allocation Mark Chappel, Senior Investment Writer
Read Chris and Ben’s latest thinking here:
http://www.lgim.com/uk/en/insights/our-thinking/
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
After a difficult few months, it's only natural for the old debates between investment styles and longevity of economic cycles to resurface. Let’s not forget, we've had a decade-long run of ‘growth’ stocks outperforming value-driven stocks, while volatile periods inevitably lead the market to question whether growth investing has had its day in the sun.
We invited Gavin and Matthew to explain the fundamentals they look for in high-quality growth stocks, from Aston Martin’s astonishing brand power to Fever-Tree’s international growth ambitions.
Gavin Launder, Senior Fund Manager Matthew Courtnell, Equities Product Specialist Mark Chappel, Senior Investment Writer
Read more about Gavin’s latest thinking here:
https://futureworldblog.lgim.com/authors/gavin-launder/
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In 2019, the key question is how tightening financial conditions will affect heavily indebted borrowers – and whether this raises the risk of recession. In his annual outlook, Chief Investment Officer Anton Eser discusses where the next vulnerabilities might emerge, what monetary and fiscal policy support might look like, and what all this means for investors.
Anton Eser, Chief Investment Officer Max Julius, Senior Investment Communications Manager
Read more about Anton’s outlook here:
http://www.lgim.com/uk/en/insights/our-thinking/
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Why are some cities thriving creators of jobs and growth? Is a local university a driver of innovation or does it risk turning the area into a ‘student’ town? How important is making the commuter trains run on time in an age of flexible working? A strong city relies on many factors to drive employment growth but when successful, we believe this is associated with resilient and growing property income and therefore better investment performance.
Bill Page, Business Space Research Manager, Real Assets Robin Martin, Research Director, Real Assets Mark Chappel, Senior Investment Writer
Read more about Bill’s research here:
http://www.lgim.com/uk/en/insights/our-thinking/long-term-thinking/investing-in-future-cities.html
We want to hear from you! Email us at mark.chappel@lgim.com with you thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
US interest rates rises and the return of volatility have made investing in emerging market bonds seem like a dangerous place these past twelve months. However, larger shifts like a rising middle class and favourable demographics look set to fuel the growth of this asset class over the long term, argues Head of Emerging Market Debt, Uday Patnaik.
Uday ‘Woody’ Patnaik, Head of Emerging Market Debt Eliza Grimond, Investment Writer
Read more about our research and insights here:
https://futureworldblog.lgim.com/
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Many of us receive no pensions guidance at all – we open our regular paper statement and often take no action for our future retirement. With defined contribution pensions likely to form future generations’ main source of retirement income, member engagement is more important than ever. This week we discuss how disrupting the old model with new technologies like video statements can get people involved in their financial future.
Alexandra Miles, Solutions Strategy Manager Stuart Murphy, Head of DC Client Management Simon Chinnery, Head of DC Client Solutions
Read more about our research and insights here:
http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/
We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The dynamic duo are back to talk more about decumulation. Justin Onuekwusi and Paul Measures continue to break their ‘no talking about Manchester United’ rule while diving deep into retirement withdrawal strategies. Following their previous episode which asked if it was time to retire the 4% rule, Justin explains the different factors that can effect an investor’s level of drawdown and why natural income can provide an all-important buffer to sequence risk.
Justin Onuekwusi, Head of Retail Multi-Asset Funds Paul Measures, Head of Intermediary Sales
Read more about our research and insights here:
http://www.lgim.com/uk/ad/insights/our-thinking/investment-foresight/
We want to hear from you! Email us at mark.chappel@lgim.com with you thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Is the future of the UK a nation of homeowners, long-term renters or somewhere in between? Returning guests Hetal Mehta and Eleanor Jukes join us this week to talk about one of the UK’s favourite topics of conversation – property. The government’s recent commitments to providing a range of solutions to the housing imbalance has created a number of investment opportunities for institutional capital.
Eleanor Jukes, Senior Strategist, Real Assets team Hetal Mehta, Senior European Economist, Asset Allocation team Mark Chappel, Senior Investment Writer
Read more about our research and insights here:
https://futureworldblog.lgim.com/
We want to hear from you! Email us at mark.chappel@lgim.com with you thoughts on the podcast and any suggestions of the types of content you’d like to see covered.
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The business case for gender diversity is clear – diverse companies are able to benefit from harnessing all available talent, potentially improving their share price as a result. Clare Payn talks to us about why it’s important to celebrate the progress businesses have made so far while recognising the areas where there’s still work to be done. Listen to find out the most cringe-worthy excuses she hears from CEOs and why ‘group think’ is a key risk to companies and their performance.
Clare Payn, Head of Corporate Governance North America Mark Chappel, Senior Investment Writer
Read Clare’s research on the importance of gender diversity here:
http://www.lgim.com/files/_document-library/capabilities/the-importance-of-gender-diversity.pdf
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
With interest rate hikes and ‘quantitative tightening’, the end of the economic cycle draws nearer every day. Tightening central bank policies and increased volatility have fuelled fears of the next economic contraction. This week, we ask how investors can manage low-risk portfolios and mitigate the ‘nightmare scenario’ of falling equities and fixed income returns?
Justin Onuekwusi, Head of Retail Multi-Asset Funds Aimee Bowkett, Product Specialist, Asset Allocation team Paul Pugh, Senior Manager Strategic Accounts
Read more about Justin and Aimee’s research:
http://www.lgim.com/uk/ad/insights/our-thinking/investment-foresight/late-cycle-dynamics-and-low-risk-portfolios.html
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In the next economic downturn, central banks will likely have to reach further into their unconventional playbook. The days of simply cutting interest rates in periods of economic and market stress are behind us. In the short term, markets have an unhealthy obsession with parsing every word and phrase of central bankers for clues to their immediate policy intentions. But which policymakers have the most freedom to act and what does that imply about asset prices?
Alex Mack, Fund Manager Chris Jeffery, Strategist Mark Chappel, Senior Investment Writer
Read more about Chris and Alex’s research:
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Retirement and pensions can often seem a long way off for many people – we all still need and often worry about money for everyday living so how can we help individuals see the value in saving for the future? With 40% of people indicating that they do not have good control of their money or manage it well (Money Advice Service) it can often feel saving more into a pension is difficult hurdle to overcome. But by using the right techniques, financial wellbeing can reduce the number of under-savers and help people be financially happy today.
Read more about how financial wellbeing can lead to higher savings here: http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/can-better-financial-wellbeing-lead-to-higher-savings.html
Stuart Murphy, Head of DC Client Management Simon Chinnery, Head of DC Client Solutions
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The way people are spending their free time is changing. Successful leisure properties are destination locations – a place to socialise, network and be entertained. From escape rooms and trampolines, to the classic cinemas and bowling alleys, discretionary spending at leisure properties is increasing as people seek more ‘experience’ activities. This week, we talk about how leisure businesses are rising to meet this challenge and that owners of leisure property need to be as responsive and forward-thinking as their occupiers.
Read more about the team’s insights here: https://www.legalandgeneral.com/institutional/real-assets/insights/thought_leadership/the-future-of-leisure.html
Eleanor Jukes, Senior Strategist, LGIM Real Assets Louis Storrar, Senior Asset Manager, LGIM Real Assets Mark Chappel, Senior Investment Writer, LGIM
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The falls over the past two years in high yield and emerging market debt (‘alternative credit’) credit spreads, along with indications of late-cycle behaviour in the US, has made some investors nervous about allocating to these areas. But should pension schemes reconsider? We discuss attractive qualities of alternative credit and how fund manager Martin Reeves has his whole family invested in high yield.
Read more about the team’s insights here: http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/broadening-the-universe-the-strategic-case-for-alternative-credit.html
Christy Morrison, Head of Global Fixed Income Distribution Jonathan Joiner, Solutions Manager Martin Reeves, Head of Global High Yield
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
How well an investment team works is determined by more than a documented investment process. In this episode, the Asset Allocation team take a candid look at how they respond to the challenges of working to reach a ‘team’ view, using three key themes as working examples: operating in a new political paradigm, investing in technology and how sometimes you just need a dollar.
To read more about the team’s latest market thoughts, visit www.macromatters.com or www.futureworldblog.com
Emiel van den Heiligenberg, Head of Asset Allocation Hetal Mehta, Senior European Economist Willem Klijnstra, Strategist
Host: Chris Jeffery, Strategist
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Retiring the 4% rule: Decumulation demystified
The 4% drawdown rule forms the basis of many advisers’ decumulation propositions. Where there was once complexity – and expensive portfolio analysis – the rule promises simplicity; set, forget, and spend (if required). However, our research shows that the results can often vary significantly depending on when you decide to start saving for your retirement and asset allocation decisions.
Read more about the our 4% rule findings here - http://www.lgim.com/uk/ad/insights/our-thinking/investment-foresight/is-it-time-to-retire-the-4percent-rule.html
As well as the next article in our Decumulation Demystified series, the factors that influence the optimal decumulation strategy.
Guest: Justin Onuekwusi, Head of Retail Multi-Asset Funds Host: Paul Measures, Head of Intermediary Sales
Disclaimer This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
A flood of ‘responsible investment’ funds into the market has caused some confusion in the press about what kinds of companies should be included or excluded from these products. Jeannette Andrews, Corporate Governance Manager, lays out the key distinctions between incorporating environmental, social and governance (ESG) concerns for financial reasons and ethical concerns for moral purposes.
LGIM’s approach to responsible investment is available here -
http://www.lgim.com/files/document-library/capabilities/lgims-approach-to-responsible-investing.pdf
Guest: Jeannette Andrews, Corporate Governance Manager Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Shops, offices and sheds: the three cornerstones of commercial property investment. But now property investors are starting to increase allocations to alternative sectors in search of income resilience. Eleanor Jukes discusses why more and more are increasingly looking to this area of property investing, the types of properties drawing most attention and why alternatives really need a better name.
Eleanor’s article on the subject is available here -
https://futureworldblog.lgim.com/categories/themes/property-moving-on-from-the-mainstream/
Guest: Eleanor Jukes, Senior Strategist, LGIM Real Assets Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
The landscape for defined contribution is changing – for savers and retirees, employers and trustees, and for those who are responsible for managing client assets.
In partnership with Ignition House, we spoke to some DC members (aged between 55 and 65) about their saving and spending patterns as well as their approach to life after work. One of the key findings was the desire for flexibility. Each retirement journey is different and needs to be customised for the individual’s income and retirement aspirations.
Guests: Janette Weir, Managing Director, Ignition House Veronica Humble, Head of DC Investment Solutions, LGIM
Host: Simon Chinnery, Head of DC Client Solutions, LGIM
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Raising the retirement age can help with the fiscal costs of living longer – but our unhealthy lives could force us to look at other options.
We’ve become used to rising life expectancy, yet lately statistics seem to show that the rate of improvement has slowed. What challenges does this pose to policymakers and how can they tackle this trap?
For more information on today’s episode, visit http://www.lgim.com/uk/en/insights/our-thinking/
Guest: Olivia Treharne, Fund Manager Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
A Chinese warehouse fulfils 200,000 orders a day and yet employs only four human workers. Automation technologies are disrupting the e-commerce logistics industry at an incredible rate and consumers and certain retailers are poised to make significant gains. In this episode, we discuss Ocado, Amazon, JD.com and many more which are embracing this technological change.
To find out more, visit http://www.ti-insight.com/
Guests: David Buckby, Economist Nick Bailey, Head of Research
Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Given the rise in popularity of factor-based investing, there’s a lot of concern in the market about certain factors becoming too expensive (overcrowding) and that the costs of factor indices have increased (capacity). Today’s episode with David Barron looks at whether there’s truth behind these fears and if index investors should indeed be worried.
For more information on today’s episode, visit http://www.lgim.com/uk/en/insights/our-thinking/market-insights/overcrowding-and-capacity-in-factor-based-investing--should-we-be-worried.html
Guest: David Barron, Head of Index Equity and Factor-based Investing Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
That’s the question asked by Colin Clarke, Head of Product Policy Strategy. Ultimately, if advisers and service providers are not performing as expected, we believe trustees or sponsoring employers should push them to improve the situation as quickly as possible or replace them. In our conversation, Colin lays out the governance factors instrumental in delivering your DC scheme objectives.
For more information on today’s episode, visit http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/dc-governance-a-checklist.html
Guest: Colin Clarke, Head of Product Policy Strategy Host: Simon Chinnery, Head of DC Client Solutions
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
As defined benefit pension schemes mature and become cashflow negative, cashflow management becomes increasingly important. Schemes, particularly underfunded ones, may be better off focusing on being cashflow aware than being cashflow matched. In this discussion, Graham Moles highlights that it remains important not to consider cashflow management in isolation of other scheme risks.
For more information on today’s episode, visit http://www.lgim.com/uk/en/insights/our-thinking/client-solutions/raising-cashflow-awareness.html
Guest: Graham Moles, Co-Head of Solutions Strategy Host: Toby Orpin, Senior Solutions Distribution Manager
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
From smart speaker devices in our homes to driverless tractors in the agricultural sector, the robotics revolution is already here – the question is, how can you invest in it?
To find out more about the latest developments in the robotics, automation and AI space, sign up for the ROBO Global newsletter here: https://www.roboglobal.com/newsletter-signup/
Guest: Richard Lightbound Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Why are meetings dominated by the Highest Paid Person’s Opinion (HIPPO)? Why do people overestimate their share of household chores? Understanding how the mind can help or hinder investment success is a cornerstone of fund management. Increasingly, investors are using knowledge about investment biases to design better investment solutions and gain an advantage over the rest of the market.
For more information on today’s episode, visit http://www.lgim.com/uk/ad/insights/our-thinking/market-insights/battling-behavioural-biases.html
Guest: John Roe, Head of Multi-Asset Funds Host: Hugh MacTruong, Senior Distribution Strategy Manager
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
In many ways, plastic is the perfect product. It’s lightweight, cheap and durable. But cleaning up the world’s plastic waste will be a monumental effort – one which will have major implications for petrochemical companies and the long-term demand for oil. We chat to Nick Stansbury about the underexplored investment consequences of the recent public outcry.
For more information on today’s episode, visit http://www.lgim.com/uk/en/insights/our-thinking/long-term-thinking/what-the-battle-against-plastic-means-for-oil-demand.html
Guest: Nick Stansbury, Fund Manager Host: Mark Chappel, Investment Writer
This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.