Although the economic outlook for the UK in 2018 is mixed, we believe the consensus is too pessimistic on growth. The global economy is now firing on all cylinders – which will benefit the international-facing UK market – and we believe the risks to growth, inflation and interest rates are all to the upside, in the UK as well as globally.
The strategy has been in existence in the life and pensions space for more than 14 years and, given its long-term track record of outperformance, we decided to launch an OEIC version to broaden its appeal to investors. The Fund focuses on high quality, UK income-generating assets and maintains a diversified, conservative investment style.
2017 has been interesting for a whole host of reasons. Not only have we seen the global economy deliver a sustained expansion but central banks have also started to gradually withdraw the extraordinary monetary policy that has helped to support asset prices over the past decade. However, over recent months we have begun to see equity markets run out of steam, with some indices now largely tracking sideways.
During the last decade, there has been significant change in the investment industry. Here, we sit down with Managing Director & Chief Investment Officer David Marchant, to discuss the Canada Life Investments culture, how the business has grown over the last ten years and his team’s investment philosophy.
Despite heightened geopolitical risk, questionable political decision-making and monetary policy uncertainty, markets have been remarkably stable so far in 2017. At Canada Life Investments, our quarterly asset mix meetings – which bring together all of our investment professionals – provide us with the opportunity to set out our expectations for asset prices for the quarter ahead.