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We offer a range of investment services for individual private clients and intermediary professionals.

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An Award-Winning Range of Mainstream and Thematic Managed Portfolios Offering Access to the Highest Quality Global Asset Managers

Actively Managed Multi-Asset Portfolios
Actively Managed Multi-Asset Portfolios
Income-focused Investments
Income-focused Investments
Sustainable World Model Portfolios
Sustainable World Model Portfolios

LATEST MARKET INSIGHTS

The new gold rush
September 2024

The new gold rush

Gold has returned 22% in the last six months driving the metal to all-time highs in US dollars as well as multiple other currencies. The question investors must ask is whether this is a cyclical move, or has gold proved itself as a building block within portfolios?
How Magnificient is AI
August 2024

How Magnificient is AI

Twist and turns in the Magnificent 7 have propelled the S&P 500 beyond what many investors have expected. Optimism surrounding the utility of artificial intelligence (AI) to transform businesses have led a ‘gold rush’ to beneficiaries of the technology.
The Fed and Tokyo: Correction or Contagion?
August 2024

The Fed and Tokyo: Correction or Contagion?

After a strong rally since the start of the year, the first week of August saw a deeply negative period for developed markets.
The UK election: Will it or won’t it influence the market?
May 2024

The UK election: Will it or won’t it influence the market?

With the British Prime Minister, Rishi Sunak, recently announcing a snap general election taking place on the 4th of July, it is worth taking a look at how TAM think this is going to play out in the market.
THE SQUEEZE ON FEES
April 2024

THE SQUEEZE ON FEES

Are we now in a “race to the bottom” paradigm where DFMs are being pressured to slash fees to compete for assets whilst still offering value for clients? In this Market Insight we explain why we do not believe this is the case.
INFLATION: STAYING DOWN OR RISING BACK UP?
March 2024

INFLATION: STAYING DOWN OR RISING BACK UP?

Any movie watcher will know that well-trodden scene in which the hero puts the villain to the sword, turns around triumphantly only to see the same villain rising ominously behind them ready for action. In this Market Insight we discuss inflation and is it really under control?
'YOU HAVE TO KNOW THE PAST TO UNDERSTAND THE PRESENT'
February 2024

'YOU HAVE TO KNOW THE PAST TO UNDERSTAND THE PRESENT'

In the first three months alone, stock markets have already met or exceeded their targets for the entirety of 2024. Some will see this as a sell signal and others, a buy signal. Well, that’s what makes a market. In our Market Insight we take stock of an exciting start to the year.
TAM Sharia: Where we've been and where we're going
January 2024

TAM Sharia: Where we've been and where we're going

2023 has drawn to a close and investors are beginning to open the bonnet of their portfolios to check which areas need tweaking.
Sustainable investing: Another year older
December 2023

Sustainable investing: Another year older

Our Sustainable/ESG focused portfolios are another year older but are we as investors another year wiser? In this note we review the five important lessons learnt in throughout 2023.

Hang on in there, the market is on the mend
December 2023

Hang on in there, the market is on the mend

2023 has largely been a year of lacklustre performance with just 7 behemoth tech stocks in the US delivering virtually all the market performance. Whilst investors have piled into these AI related investments there has been a lot more to get excited about. In this note we review the current landscape and some views for 2024.

Soft Landing or Hard Landing? Take your pick but make sure you are in a plane that can handle both!
November 2023

Soft Landing or Hard Landing? Take your pick but make sure you are in a plane that can handle both!

Stronger than expected economic data, resilient inflation and geopolitical tensions have all combined to unsettle investors. Fears now abound that the US Federal Reserve's prediction of interest rates remaining ‘higher for longer’ may actually morph into ‘higher for much, much longer’. Will the Fed be able to manage a soft landing for the economy or are we in for a far bumpier ride?

We meet again, Mr. Bond - Opportunity in fixed income
October 2023

We meet again, Mr. Bond - Opportunity in fixed income

Last week, Fed Chairman Jerome Powell said that inflation is still too high despite easing slightly recently, and slower economic growth is likely needed for it to return to the central bank’s 2% target. This week we have had stronger US growth numbers, but weaker employment numbers. With rate decisions on a knife edge read how TAM are allocating to the fixed income markets.

Artificial Intelligence (AI) Technology: World Changing or Ending?
September 2023

Artificial Intelligence (AI) Technology: World Changing or Ending?

AI has certainly become a household topic in 2023 and impacted many company and sector valuations.  We discuss the issues and what we should be focusing on going forward.

The risk of outperforming this market
June 2023

The risk of outperforming this market

Do strong stock market gains tell the whole story? James Penny discusses the story behind the story and concludes that its critical for clients to realise how important it is to spread investments over different scenarios, outcomes, and opportunities.

FANGs bite back: A view on Q1
April 2023

FANGs bite back: A view on Q1

After a shocking 2022 for growth stocks, 2023’s Q1 market will go down in history as one of the most potent rallies in the history of growth investing.  In this article we discuss the events that shaped the market and some thoughts for the remainder of the year.

BUILDING THE NEXT BULL RUN IN 'GREEN' INVESTMENTS
April 2023

BUILDING THE NEXT BULL RUN IN 'GREEN' INVESTMENTS

We are now looking back on over a decade of artificially low interest rates put in place by developed country central banks, sparked by the financial crisis and a battle against deflation, thanks to China exporting low prices as globalisation took off. This period of easy money culminated in 2021 with unprecedented levels of monetary stimulus during the pandemic. There were suggestions that inflat...

Springing into Growth: the UK Budget
March 2023

Springing into Growth: the UK Budget

The past few years have been marked by political turbulence in the UK, ranging from ‘partygate’ scandals, to the proposed unfunded tax cuts which sent the UK economy into tailspin and Liz Truss packing after a shorter tenure than Ed Balls had on Strictly Come Dancing. However, since Rishi Sunak followed as Britain’s prime minister, there has been an air of control with no more ha...

Banks: the winners and losers
March 2023

Banks: the winners and losers

Financial markets ended Friday in some turmoil, due to the dilemma over the strength of bank lending. In a rapidly appreciating interest rate environment, banks are usually the core winners as interest spreads and ongoing interest loan differentials cause bank profit margins to rise. Great news for banks which until Friday have been a core appreciating sector in markets globally. No mistake, risin...

China, too big to ignore?
February 2023

China, too big to ignore?

Globally, markets have been in a precarious place, one in which opportunities have been scarce and where we have watched economies walk the tight rope to recovery. Unfortunately, in 2022 China slipped. Weighed down by its stringent zero-Covid policy, distressed real estate sector, crackdown on tech firms, and geopolitical tensions with Taiwan. It’s no doubt, that Investors fuelled with pessi...

MARKET UPDATE VIDEOS

Q3 Market Update with James Penny

31st July 2024

Q3 Market Update with James Penny

James Penny, Chief Investment Officer of our investment manager, TAM Asset Management, provides us with an overview of the third quarter of 2024.
Q3 Sustainable Investing with Dan Babington

31st July 2024

Q3 Sustainable Investing with Dan Babington

Dan Babbington, Portfolio Manager at our investment manager TAM Asset Management, gives us his views on the Sustainable (ESG) investment landscape and the factors which affected our sustainable model portfolios in the third quarter of 2024.
Q3 Sharia Investing update with Francis Banzon

31st July 2024

Q3 Sharia Investing update with Francis Banzon

Francis Banzon, Portfolio Manager at our investment manager TAM Asset Management, reviews the investment landscape and how our Sharia-compliant portfolios are positioned for the third quarter of the year
TAM Sharia Portfolio Review for Q2 2024

25th April 2024

TAM Sharia Portfolio Review for Q2 2024

Francis Banzon, Portfolio Manager at our investment manager TAM Asset Management, reviews the investment landscape and how our Sharia-compliant portfolios are positioned for the second quarter of the year.
TAM Sustainable World Update Q2 2024

24th April 2024

TAM Sustainable World Update Q2 2024

Dan Babbington, Portfolio Manager at our investment manager TAM Asset Management, gives us his views on the Sustainable (ESG) investment landscape and the factors which affected our sustainable model portfolios in the first quarter of 2024.
TAM Q1 2024 Review and Outlook

23rd April 2024

TAM Q1 2024 Review and Outlook

James Penny, Chief Investment Officer of our investment manager, TAM Asset Management, provides us with an overview of the first quarter of 2024. What assets classes performed well and how this resulted in a strong performance across our range of multi-manager model portfolios. He then offers us...
Multi-Asset portfolios - A review of 2023 and opportunities for 2024.

12 January 2024

Multi-Asset portfolios - A review of 2023 and opportunities for 2024.

What were the drivers of 2023's positive return and where will be positioning our multi-asset portfolios in 2024. TAM UK CIO, James, discusses this and more.
Sustainable (ESG) Investments - A review of 2023 and outlook for 2024.

12 January 2024

Sustainable (ESG) Investments - A review of 2023 and outlook for 2024.

Its been a mixed year for sustainably-themed investments. Dan, reviews the past year and gives us an insight to the opportunities for our Sustainable World, portfolios in 2024.
TAM Sharia Portfolio - A review of 2023 and outlook for 2024

12 January 2024

TAM Sharia Portfolio - A review of 2023 and outlook for 2024

TAM UK's Analyst, Francis, review the past year and new exciting opportunities for our Sharia-compliant managed portfolios.
TAM through the lens - Outlook Q4 2023

18th October 2023

TAM through the lens - Outlook Q4 2023

Will inflation persist as we enter the winter months? Will we see further interest rates hikes? or could we enjoy a santa rally? James gives his outlook for rest of the year.

How did markets perform in Q3 2023?

18th October 2023

How did markets perform in Q3 2023?

How did markets perform in the third quarter?   TAM UK CIO, James Penny, reviews the major events effecting financial markets in Q3 of 2023.

TAM Sustainable World Q3 Review 2023

18th October 2023

TAM Sustainable World Q3 Review 2023

With ESG (Ethical, Social & Governance) considerations now becoming integrated into every aspect of our life, not just investment, its great to see TAM not resting and continuing to innovate in the sustainable space.

NEWS

Eight more advice firms join CCLA's sustainability group
1 May 2024 | Professional Adviser

Eight more advice firms join CCLA's sustainability group

Allowing advisers to engage with listed firms on sustainability issues
City gears up for another long-distance cycle in support of Nick Hungerford charity
18 April 2024 | Citywire

City gears up for another long-distance cycle in support of Nick Hungerford charity

Cyclists from TAM Asset Management will again be joined by peers from across the industry for a three-day ride from Brussels to Amsterdam in support of Elizabeth’s Smile.
TAM’s James Penny: The market’s marching towards overheated territory – here’s how to play it Trustnet
10 April 2024 | Trustnet

TAM’s James Penny: The market’s marching towards overheated territory – here’s how to play it Trustnet

The market is “marching towards potential overheated territory” but investors should continue to ride the momentum trade for as long as they can because now is a “nirvana” for diversified portfolios, according to TAM Asset Management’s UK chief investment officer James Penny.
‘Convenience comes at a cost’: Navigating the green bond landscape
3 April 2024 | Professional Adviser

‘Convenience comes at a cost’: Navigating the green bond landscape

Investors should avoid being drawn into investing in labels that are merely ‘a marketing tool’
Fund management's got talent
28 March 2024 | FT Adviser

Fund management's got talent

This week Asset Allocator acting editor Damian Fantato has a chat with funds correspondent Joseph Wilkins and contributing editor David Thorpe about Tam Asset Management's seed funding of future fund management talent.
TAM Asset Management unveils fundraising activities in support of The Childhood Trust
20 March 2024 | Citywire

TAM Asset Management unveils fundraising activities in support of The Childhood Trust

TAM Asset Management will be holding four big fundraising events throughout the year, kicking things off with a bake sale in the firm’s Basinghall Street office on Tuesday 26 March. The ‘4 for 2024’ fundraising campaign is in aid of The Childhood Trust, London’s child poverty charity.
How Tam Asset Management's CIO hunts down the next Terry Smith
10 March 2024 | FT Adviser

How Tam Asset Management's CIO hunts down the next Terry Smith

Conventional wisdom says you should wait one year to move in with your partner and three years to invest in a fund, but for Tam Asset Management, when it’s right, it’s right.
Wealth managers vs Vanguard Life Strategy: How the returns really stack up
7 March 2024 | Citywire

Wealth managers vs Vanguard Life Strategy: How the returns really stack up

Pitting DFMs against the £38bn LifeStrategy range: wealth managers have proven their chops when it comes to lower-risk portfolios, although a comeback for active management is probably needed to reverse Vanguard’s golden decade.
Is now the time to hold gold?
11 January 2024 | International Adviser

Is now the time to hold gold?

"Whilst there could be some short-term weakness in gold as investors potentially take a step back from the strength, we see continued stability from the metal; as real yields continue to look high and set for a more sustained lower level to the benefit of this zero yielding asset". TAM's James Penny speaks to International Adviser.
TAM Asset Management CIO: Money market portfolios ‘enable advisers to maintain a relationship with clients’
15 December 2023 | International Adviser

TAM Asset Management CIO: Money market portfolios ‘enable advisers to maintain a relationship with clients’

Our Liquidity portfolios curently offer higher yields than bank deposit rates with daily access and no-penalty. TAM UK's CIO James Penny explains why many Advisers and Clients are choosing this solution over reallocating to bank savings accounts.
Asset Managers Quietly Add ‘ESG’ to Portfolios of Defense Stocks
24 November 2023 | Bloomberg

Asset Managers Quietly Add ‘ESG’ to Portfolios of Defense Stocks

Can, and more importantly should, ESG portfolios hold defense related securities? TAM UK CIO James Penny speaks to Bloomberg.
Deep Dive: Active ETFs are set to drive growth for the ETF industry
17 November 2023 | Investment Week

Deep Dive: Active ETFs are set to drive growth for the ETF industry

Do 'active' ETF's offer the best of both worlds? The efficiency and low-cost of 'passive' investments combined with strategies more aligned to the changing investment landscape we now face. Certainly investors seem to believe so with over €30 Billion allocated to European domiciled Active ETF’s alone. TAM CIO James talks to Investment Week about the growth of the market in this issue of Deep Dive.

LATEST MARKET SNAPSHOTS

Surprise new Japan PM rattles markets
30 September 2024

Surprise new Japan PM rattles markets

67 year-old Shigeru Ishiba has been elected as the new Prime Minister of Japan, at the fifth time of asking.
China takes the stage with long awaited stimulus package
24 September 2024

China takes the stage with long awaited stimulus package

The Chinese government today announced a planned economic stimulus aimed at bolstering and supporting economic growth in the country.
UK keep interest rates on hold
19 September 2024

UK keep interest rates on hold

Bank of England have chosen to keep interest rates where they are at 5%. UK remains in a fight against inflation which seems, in some areas to be rising once again.
US makes first cut to interest rates.
19 September 2024

US makes first cut to interest rates.

The US Federal Reserve on Wednesday made a half percentage point cut to the US interest rate.
US inflation meets expectation
11 September 2024

US inflation meets expectation

Next week, the US Federal Reserve is anticipated to announce its first interest rate cut since the hikes of 2022
US jobs data disappoints for August
06 September 2024

US jobs data disappoints for August

US Government bonds rallied and global stocks were under pressure after weaker-than-expected August payroll data fuelled investor expectations of aggressive interest rate cuts by the US Federal Reserve.
The Bank of Japan Hikes Interest Rates
31 July 2024

The Bank of Japan Hikes Interest Rates

The Bank of Japan (BoJ) has raised its benchmark interest rate to approximately 0.25%, up from the previous range of 0% to 0.1%
President Biden steps down from re-election
21 July 2024

President Biden steps down from re-election

President Biden has today stepped aside from the upcoming presidential election and will no longer run for re-election.
Labour party takes historic landslide victory in UK election
5 July 2024

Labour party takes historic landslide victory in UK election

With polls closing in the UK last night, the exit polls suggest a landslide victory for the Labour party and a loss for the Conservatives which hasn’t been seen since 1945.
UK inflation back on target
19 June 2024

UK inflation back on target

Headline inflation in the UK has dropped to 2% today
US Inflation lower than estimates
12 June 2024

US Inflation lower than estimates

US inflation dropped to 3.3% in May, slightly below economists' expectations. This led investors to anticipate earlier interest rate cuts
France goes to the polls in a snap election.
10 June 2024

France goes to the polls in a snap election.

Emmanuel Macron last night called a surprise snap election in France.
UK inflation rate falls below 4%
20 December 2023

UK inflation rate falls below 4%

UK inflation dropped more than expected to 3.9%, down from October's 4.6%, the lowest year-on-year increase since September 2021.
US inflation holding steady
12 December 2023

US inflation holding steady

US CPI dipped slightly in November to 3.1% annually, just below October's 3.2% pace. The core rate held steady at 4%. On a monthly basis, prices rose 0.1%, marginally above flat expectations.
UK inflation falls dramatically to 4.6%
15 November 2023

UK inflation falls dramatically to 4.6%

UK inflation slowed more than expected to 4.6% in October, below predictions and well under September's 6.7%, mostly attributed to lower energy prices.

Stocks rally as US inflation rate recedes
14 November 2023

Stocks rally as US inflation rate recedes

The US Consumer Prices Index (CPI) rose by 3.2% in October, below the expected 3.3% and down from September's 3.7%. Core inflation, excluding food and energy, fell to 4.0%, the lowest since September 2021.
US nonfarm payrolls cool to 150,000 jobs added
3 November 2023

US nonfarm payrolls cool to 150,000 jobs added

The US economy begun to show its first cracks as its unemployment rate climbed to 3.9%, whilst nonfarm payrolls increased modestly to 150,000, a downward shift from the 297,000 in September. The US services sector also expanded at the weakest pace in five months, with w...
Bank of England votes to keep rates on hold ….again
3rd November 2023

Bank of England votes to keep rates on hold ….again

UK Bank of England have taken the decision to keep rates on hold at the 5.25% level. This is the second meeting of the committee in which they have chosen not to increase the rate which has been well received by the bond market which has rallied on the news.

US Federal Reserve Holds Interest rates above 5%
2nd November 2023

US Federal Reserve Holds Interest rates above 5%

The US Federal Reserve voted to hold interest rates at a 22-year high. The Fed's decision reflects a balancing act between economic strength and inflation worries, maintaining a cautious approach to potential future monetary policy adjustments.

Eurozone inflation now at two-year low
31st October 2023

Eurozone inflation now at two-year low

In October, euro zone inflation fell to a two-year low of 2.9%, dropping from 4.3% in the previous month, below economist estimates. Core inflation, excluding volatile food and energy prices, decreased to 4.2% from 4.5%.

US posts record job numbers in September
6th October 2023

US posts record job numbers in September

US job creation surged in September by 336,000 jobs being created against an expectation of just 170,000. The odds for another US rate hike in 2023 once again moved higher as US bonds and equities sold off. 

UK inflation falls more than expected in August.
21st September 2023

UK inflation falls more than expected in August.

UK inflation dropped more than expected on Wednesday which will come as a welcome surprise to market participants and UK citizens. Core inflation which excludes volatile components like food and energy fell to 6.7% from 6.8% in July and c...

Bank of England keeps interest rates steady in September.
20th September 2023

Bank of England keeps interest rates steady in September.

The Bank of England has, off the back of the surprise reduction in UK inflation, decided to not raise rates in the UK at their September meeting.

The market was largely expecting the central bank to raise rates by another 0.25% to take the rate to 5.5%.

Stability in the US Jobs Market
5th September 2023

Stability in the US Jobs Market

The US job market remains steady despite record-high interest rates, with 187,000 jobs added in August, matching July's numbers. President Biden praised the strong job growth, surpassing economist expectations of 170,000 new jobs.