Caroline Hedges CFA

Earlier this week, we had the pleasure of hosting clients in Bournemouth and Brockenhurst for an insightful session with PIMCO’s Senior UK Adviser, Rupert Harrison. Rupert shared PIMCO’s perspective on the global fixed income landscape and key investment themes ahead of the UK Autumn Budget. 🔍 Summary Highlights: Global central banks now have more flexibility to cut rates compared to five years ago, even as government debt levels remain elevated in a fragmented, multipolar world. 📈 Investment Outlook: Take a humble, long-term approach to global bond markets. With elevated yields available, focus on separating signal from short-term noise and seek high-quality, globally diversified fixed income solutions. A huge thank you to all our delegates for their support across venues—and to Kyle Barwell at Liontrust Asset Management for his valued collaboration.

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ETF launches reached record levels in 2025, expanding choice but also increasing the burden on advisors to discover which products can best solve for specific portfolio issues. For attendees of Exchange, Kip Meadows, Founder of Nottingham, will speak on the important panel, “The growing supply of ETFs.” Meadows has worked in ETF and mutual fund consulting, operations, and technology since 1988. He will discuss what newer entrants must get right beyond the investment thesis. Advisors evaluating new products should consider operational infrastructure, regulatory oversight, capital markets support, and long-term business viability. In a crowded field, those structural elements often determine whether a fund scales or quietly disappears. ⌛ Time's running out to join. Register today at ExchangeETF.com #ExchangeETF #FinancialAdvisors #ETFs #AssetManagement #ETF

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Jamie Sands has issued an insightful post on the residual value loop entitled "The Reflexivity Problem with eHGV Residual Values". (He has also written a paper available at the end of his post). Jamie writes "The basic idea is that residual values, finance costs, adoption rates and secondary market liquidity form a self-reinforcing loop. Everyone prices risk based on everyone else’s uncertainty, and the market gets stuck in a low-volume equilibrium." Your views are encouraged.

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We present some data for the UK structured products market which continues to grow. Very pleased to see this first editorial article from my colleague Thomas Hoskin

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James Mee, CFA, Co‑Head of Multi‑Asset, recently participated in Asset TV UK’s Multi‑Asset Masterclass, joining a panel of industry experts to discuss the key issues shaping portfolio construction today. The conversation explored how multi-asset portfolios can be recalibrated in the current environment, including the role of alternatives, strategic hedging and government bonds. Watch the discussion here: https://lnkd.in/ex8ETCyu

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In this article we examine the rapid growth of the UK structured products market in 2025 alongside its strong decade‑long performance outcomes. A version of this article authored by Thomas Hoskin was originally published by SRP. https://lnkd.in/e3SdMcrz #StructuredProducts #Investment #Research #Analysis #StressTest #Valuations #Consultancy #B2B

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After a turbulent 2025, what does the future hold for responsible investing (RI)? In our latest Insight, our Head of Responsible Investing, Jamie Bonham, shares his RI outlook for 2026, and the themes to look out for. Read now. https://lnkd.in/guk7xth8

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Insurance companies can deliver very high levels of security to pension scheme members, whilst also generating extra returns for a profit. Can trustees considering running-on their scheme achieve something similar by investing like an insurer? But what does investing like an insurer mean? Is it easier said than done? How can pension funds actually do it? Read more in the article below ⬇️.

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Vanguard has launched the BlendedLife Dynamic model portfolio service (MPS) for UK based financial advisers in partnership with Wellington Management https://lnkd.in/e8UXPu4N #MPS #equities #fixedincome #financialadvisers #IFA

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We reflect on key developments in financial markets in July. Against this backdrop, we share our latest thinking and insights. https://lnkd.in/dEBM4_-C #investing #FinancialMarkets #insights 

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At Pony.ai, our vision for autonomous driving goes beyond innovation — it’s about creating enduring value for cities and communities through safe, scalable deployment. We’re honored to be featured in Baillie Gifford’s latest Short Briefings on Long-Term Thinking podcast on emerging market innovation. In this episode, Alice Stretch, an investment manager on Baillie Gifford’s Emerging Markets Equity Team, discusses with host Leo Kelion how some of today’s most disruptive companies are innovating at speed and redefining expectations.  Listen to the episode to learn how our autonomous driving technology — and the broader emerging market innovation landscape — is evolving and contributing to long-term progress in urban mobility. → Listen now: https://bit.ly/3BKV3a8.  #PonyAI #Robotaxi #AutonomousDriving #UrbanMobility 

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🎧📺 Listen/Watch now: Linktr.ee/BaillieGifford We’re closer to 2050 than the year 2000. Andrew Keiller joins our podcast to explore how trends we’re seeing in emerging markets could shift the balance of trade over the coming 25 years. #ActualInvestors

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In case you missed it, MPS Portfolio Manager, Benjamin Gilbert discusses why the ‘best’ multi-asset solution keeps changing.   Writing for Money Marketing he outlines why a blended approach of platform-based MPS for core exposures, transparency and cost efficiency, complemented by multi-asset funds where they genuinely add value as tactical tools, diversifiers or gateways to harder-to-access strategies, may be the more durable option. Read the full article below.

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Emma Moriarty, Portfolio Manager at CG Asset Management, highlights that the UK’s real challenge is limited fiscal headroom, not the OBR framework. She outlines three post-budget scenarios for markets — and how CGAM is positioning portfolios accordingly. #PostBudget #UKFinancialMarkets https://lnkd.in/eKTg-G2s

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Inside the Markets is a brand new podcast from Progeny Asset Management, part of the Progeny group, offering clients and planners clear insights into the trends driving investment markets. Here is a clip from our first episode where Robert Harrison, Head of Systematic, discusses the evolution of systematic investing - how it developed, why it’s gaining traction and what it can contribute to a well‑constructed portfolio. Tune into episode 1 here: https://lnkd.in/e95FnQpm #SystematicInvesting #InvestingPodcast #PortfolioManagement #MarketInsights The information in this podcast is for general purposes only and does not constitute personal financial advice. You should always seek professional guidance before making any financial decisions. Remember that investments can go down as well as up, and past performance is not a reliable guide to future results. Progeny is a trading style of Progeny Asset Management Limited which is Authorised and regulated by the Financial Conduct Authority.

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