Rathbones Group Plc · LSE:RAT

Rathbones — Rathbone Investment Management — Corporate Update (January 2014)

6 slides from Rathbones's corporate update, January 2014

  1. Slide 1: 5 Key Issues Shaping Current Investment Strategy

    5 KEY ISSUES SHAPING CURRENT INVESTMENT STRATEGY 1 Inflation versus deflation: the challenge facing central banks 2 Investment Ryder Cup: will the US continue to beat Europe? 3 High yield bonds: “time, gentlemen, please” 4 Japan: different this time? 5 Commercial property: central London offices are

  2. Slide 2: Inflation versus deflation: the challenge facing central banks

    INFLATION VERSUS DEFLATION: THE CHALLENGE FACING CENTRAL BANKS * Fearing a 1930s-style Great Depression, global central banks have adopted unorthodox policies, such as zero interest rates and quantitative easing (QE). * With growth established in the US and now the UK, are the Fed and Bank of Englan

  3. Slide 3: Investment Ryder Cup: will the US continue to beat Europe?

    INVESTMENT RYDER CUP: WILL THE US CONTINUE TO BEAT EUROPE? * US equities have performed strongly since the recession Figure3 ended, driven by the economic recovery, supportive Fed policy and cheap energy from shale oil and gas. * They now appear fully valued, particularly when compared to European e

  4. Slide 4: High yield bonds: "time, gentlemen, please"

    HIGH YIELD BONDS: “TIME, GENTLEMEN, PLEASE.” + After several years of strong performance, we believe _Figure5 NET Levens we 5 : . Leverage in high yield | «o« it is now time for a meaningful reduction in exposure jg onds is close to peak to high yield bonds. levels, which isa cause | ** for concern.

  5. Slide 5: Japan: different this time?

    JAPAN: DIFFERENT THIS TIME? * Japan is increasingly attractive as ‘Abenomics’ begins to deliver results. This was the radical package of ultra-loose monetary policy, huge fiscal stimulus, and widespread social and economic reforms that was announced by new PM Shinzo Abe following the December 2012 g

  6. Slide 6: Commercial property: central London offices are no longer the only game in town

    COMMERCIAL PROPERTY: CENTRAL LONDON OFFICES ARE NO LONGER THE ONLY GAME IN TOWN * The performance of commercial property has been Figure 9 UK COMMERCIAL PROPERTY PRIME OFFICE MARKET YIELDS ixed i t ‘ 1 London offi Since the recession, 0 mixed in recent years — prime central London office the yield g

Rathbone Investment Management — Corporate Update (January 2014) on 6ix