Innovative Investment Solutions

Welcome to TAM Asset Management International, a leading discretionary investment manager.

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

Access a range of award-winning model portfolios or custom-made solutions tailored to fit your personal situation and preferences.

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View an instant consolidation of all your investments, real-time portfolio valuations, detailed analysis of investments, performance measurement and detailed asset exposure.

Discover more about the benefits we can bring to you and your clients

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
Sharia Compliant Investments
Sharia Compliant Investments

LATEST MARKET INSIGHTS

Unpacking the New Playbook: Tariffs, Trade, and the Road Ahead
May 2025

Unpacking the New Playbook: Tariffs, Trade, and the Road Ahead

Whilst recent moves by the US administration have unsettled markets, a tentative de-escalation in US/China relations offers some relief. In this note, our investment team explores what these developments mean for investors, how different regions are responding, and how we are positioning in light of both near-term risks and long-term opportunities.

Panic Is Not A Strategy
April 2025

Panic Is Not A Strategy

Markets have witnessed the highest volatility since covid and the financial crisis of 2008.

In this timely note we discuss having a, and importantly implementing, a long-term plan is vital for investment success and how making panicked decision should be avoided.
Dark Clouds on the Horizon. Should I worry?
April 2025

Dark Clouds on the Horizon. Should I worry?

Following a volatile start to 2025, many investors are questioning what recent market movements mean for their portfolios. In this latest insight, Phil Hadley explores what’s driving the turbulence, why this is not a time to panic, and how TAM portfolios built around active management and true diversification are holding up well despite the noise.

Liberation Day: A High-Stakes Bet on Growth
April 2025

Liberation Day: A High-Stakes Bet on Growth

Trump’s unexpected tariff announcement sent markets reeling and raised serious concerns about global growth.

Read TAM Europe’s latest insights on the implications and what it could mean for investors.
Tariffs, to escalate or de-escalate, that is the question
April 2025

Tariffs, to escalate or de-escalate, that is the question

Trump’s sweeping new tariffs have reignited global trade tensions.

Learn how TAM is positioning portfolios defensively while preparing to capture future opportunities.
NO PAIN, NO GAIN
March 2025

NO PAIN, NO GAIN

In his latest market insight, "No Pain, No Gain," James Penny, CIO of TAM Asset Management, explores the current market landscape, the impact of U.S. economic policy shifts, and the growing appeal of global diversification.

At TAM, we believe this volatility presents opportunities for investors willing to take a broader, more strategic approach
Taking the temperature of 2025
February 2025

Taking the temperature of 2025

Markets are shifting, and investors are adapting. With a broadening focus beyond US tech, Europe and value stocks are taking the lead.

TAM remains ahead of the curve, positioning portfolios to capture emerging opportunities while managing risk.

Stay informed with our latest insights.
In a partisan world, European peace unites us all
February 2025

In a partisan world, European peace unites us all

Europe’s market momentum is building, driven by hopes of a Ukraine ceasefire and renewed investor confidence. With a strong start to 2025, TAM is actively positioned to capture opportunities while maintaining a defensive edge.

Read our latest insights on what’s next for global markets.
The Toll of Tariffs
February 2025

The Toll of Tariffs

Trump’s new tariffs on Canada, Mexico, and China are shaking markets.

Discover how trade tensions, inflation, and interest rate shifts could impact investors in our latest market update.
Insurance: Better to buy ten years too early than one minute too late
February 2025

Insurance: Better to buy ten years too early than one minute too late

2024 was a standout year for markets, and while we remain optimistic for the year ahead, history reminds us that staying prepared is just as important as staying invested.

Just as you wouldn’t drive without insurance, portfolio protection can be key in uncertain times. While we don’t expect a downturn, the right hedging strategies can help safeguard returns without missing out on growt...
Q1 2025 Market Update
January 2025

Q1 2025 Market Update


Discover key market insights for Q1 2025, including opportunities in equities, bonds, and beyond.

Read TAM’s latest market update now
2025 Sharia Portfolio Outlook: Navigating Growth and Challenges
January 2025

2025 Sharia Portfolio Outlook: Navigating Growth and Challenges

Discover how TAM’s Sharia portfolios are positioned for 2025, balancing opportunities in AI, Sukuk, and U.S. markets with a cautious approach to geopolitical risks and evolving standards.
2025 Portfolio Outlook: Balancing Growth and Resilience
December 2024

2025 Portfolio Outlook: Balancing Growth and Resilience

As 2025 approaches, the US market remains the focal point for investors. While optimism is high, potential risks call for careful positioning.

Discover how TAM is balancing opportunities with diversification to navigate the year ahead.

Sustainability in Focus: Navigating Key Trends and Opportunities for 2025
December 2024

Sustainability in Focus: Navigating Key Trends and Opportunities for 2025

TAM's ESG Analyst, Dan, explores the challenges and opportunities in sustainable investing as we head into 2025. From climate concerns to regulatory advancements, the note highlights how TAM’s Sustainable World portfolios are positioned to navigate this evolving landscape and deliver long-term value for clients.

Navigating the ‘Trump Trade’: Insights from TAM
December 2024

Navigating the ‘Trump Trade’: Insights from TAM

Donald Trump’s return as the 47th President of the United States has already begun to shake up the markets. In this note, James Penny reflects on TAM’s swift response to the election outcome, shares insights on key policy impacts on portfolios, and discusses what we might expect from Trump’s first 100 days and beyond.

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.

MARKET UPDATE VIDEOS

Q1 2025 Market Outlook: A Strong Finish, A Cautious Start

31st January 2025

Q1 2025 Market Outlook: A Strong Finish, A Cautious Start

Markets ended 2024 on a high, with U.S. equities and corporate bonds leading the charge. But what’s next? In this Q1 2025 update, we explore opportunities in undervalued UK and European markets, potential volatility ahead, and how TAM is positioning portfolios for the year.
Q4 Market Update and Outlook

5th October 2024

Q4 Market Update and Outlook

James reviews Q3 market performance, highlighting the tech sector slowdown and opportunities in UK, European, and emerging markets. He also discusses the positive performance of bonds and TAM’s focus on diversification and active management.
Q4 Sustainable Investment

5th October 2024

Q4 Sustainable Investment

Dan reviews TAM’s Sustainable Portfolios, covering the rotation into higher-quality stocks and the strong performance of ethically-sourced commodities and green infrastructure, showing how TAM is positioned for growth despite political and interest rate uncertainty.
Q4 Sharia Portfolios

5th October 2024

Q4 Sharia Portfolios

Francis shares an update on TAM’s Sharia portfolios, highlighting strong performance in US stocks, a shift to multi-asset investments, and the use of passive ETFs to reduce costs and improve diversification. He also discusses TAM’s work with other asset managers.
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.

NEWS

Six wealth managers’ investment loves and heartbreakers
14 February 2025 | CityWire Wealth Manager

Six wealth managers’ investment loves and heartbreakers

One thing that has ‘stolen my heart’ within the investment world is the continued commitment we are seeing in improving business standards.
Professional Adviser Awards 2025
27 November 2024 | Professional Adviser

Professional Adviser Awards 2025

Exciting news! TAM UK has been shortlisted for two awards at the Professional Adviser Awards 2025: Best Discretionary Fund Manager & Best ESG Solution for Advisers. This recognition highlights our dedication to delivering exceptional investment solutions
CCLA: Tech giants are overlooking employees' mental health needs
10 October 2024 | Investment Week

CCLA: Tech giants are overlooking employees' mental health needs

Dan Babington, portfolio manager at TAM Asset Management, speaks to Investment week about metal Health in the corporate world.
£1.6trn investor group write to UK’s largest companies calling for urgent response on climate transition plans
12 September 2024 | PA Future

£1.6trn investor group write to UK’s largest companies calling for urgent response on climate transition plans

Dan Babington, portfolio manager at TAM Asset Management believes shareholders need additional information to make informed stewardship decisions and offer clients the best possible sustainable portfolio solutions.
The Collapse of the Dollar Empire?
07 August 2024 | Financial Fables

The Collapse of the Dollar Empire?

Is the dollar's status as the world's reserve currency coming to an end? Daniel Babbington, a portfolio manager at TAM Asset Management discusses this and more with Alex Dryden at Financial Fables.
The alternative investment strategies to protect portfolios in an uncertain world
03 July 2024 | Trustnet

The alternative investment strategies to protect portfolios in an uncertain world

AdviserAction was launched in November last year to enable the advice industry to engage with listed companies on sustainability issues. TAM are proud to be one within a select group of companies to join the initiative.
Long read: How are wealth managers using AI?
05 June 2024 | FT Adviser

Long read: How are wealth managers using AI?

Daniel Babington, portfolio manager at Tam, speaks to FT Adviser about how TAM have partnered with Clarity AI to assess funds’ true sustainability.
How Tam Asset Management runs Sharia portfolios
28 May 2024 | FT Adviser

How Tam Asset Management runs Sharia portfolios

Tam Asset Management offer one of the more uncommon propositions in the market: a Sharia-compliant MPS.
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’

“TAM TALKS” – WEEKLY MARKET UPDATES

Relief rally or false comfort?
19th May 2025

Relief rally or false comfort?

The latest market rally can only be described as relief exuberance.

The word on the street is still “Trump crashed the markets”—but has he? Global equities have quietly risen in 17 of the last 19 sessions
TAM Talks - Weekly Update - 12th May 2025
12th May 2025

TAM Talks - Weekly Update - 12th May 2025

Markets have been behaving like a swan in recent weeks—calm on the surface, but paddling furiously underneath.

Reports that US and Chinese officials were meeting in Switzerland for trade discussions helped lift market sentiment, as investors hoped for tariff ...
TAM Talks – Weekly Update – 6th May 2025
6th May 2025

TAM Talks – Weekly Update – 6th May 2025

Encouraging news on trade—including a softening in auto tariffs and China waiving its 125% tariffs on some US products—markets were buoyed by strong earnings from Microsoft and Meta.
TAM Talks – Weekly Update – 29th April 2025
29th April 2025

TAM Talks – Weekly Update – 29th April 2025

Yesterday, Spain experienced the worst power blackout in its recent history.

we want to reassure our clients that investments remain unaffected and operations at TAM continued as normal.
TAM Talks – Weekly Update – 23rd April 2025
23rd April 2025

TAM Talks – Weekly Update – 23rd April 2025

Trump wants lower rates and continues to put pressure on Fed Chair Jerome Powell—calling him “Mr. Too Late”
TAM Talks – Weekly Update – 16th April 2025
16th April 2025

TAM Talks – Weekly Update – 16th April 2025

The Trump roller coaster that began on ‘Liberation Day’ saw the S&P 500 rally 5.7% last week—including a nearly 10% surge on Wednesday—after Trump announced a 90-day pause on tariffs and reduced levies for many countries.
TAM Talks – Weekly Update – 9th April 2025
9th April 2025

TAM Talks – Weekly Update – 9th April 2025

The financial world is always shifting, with new developments influencing markets and economies. Here’s our take on some of this week’s noteworthy financial news.
Jobs Climb, Tariffs Loom: Powell's Balancing Act Continues
4th April 2025

Jobs Climb, Tariffs Loom: Powell's Balancing Act Continues

The U.S. economy added 228,000 jobs in March 2025, far surpassing expectations and highlighting the ongoing resilience of the labour market
UK Inflation falls more than expected in February
26th March 2025

UK Inflation falls more than expected in February

UK CPI dropped to 2.8% in February, the lowest since 2021, raising expectations for rate cuts later this year.
Latest Federal Reserve meeting sees US rates on hold
24th March 2025

Latest Federal Reserve meeting sees US rates on hold

The US Federal Reserve decided to keep interest rates on hold.
US job creation at 151k in February, slightly weaker than estimates
7th March 2025

US job creation at 151k in February, slightly weaker than estimates

The US economy added 151,000 jobs in February which was slightly below what the market was expecting of 160,000. Alongside this, unemployment for the US crept up to 4.1% against expectations it would remain flat at 4%.
US inflation surprises to the upside in January
12 February 2025

US inflation surprises to the upside in January

Inflation in the US unexpectedly rose in January to 3%.
US inflation stays in comfortable range
11 December 2024

US inflation stays in comfortable range

US inflation rose marginally to 2.7% in November, aligning with consensus and reinforcing expectations for a Federal Reserve rate cut next week
US jobs number shows resilience
6 December 2024

US jobs number shows resilience

November job growth rebounded with 227,000 new nonfarm jobs, up from October's revised 36,000, as strike and storm effects eased.
UK Economy grows just 0.1% in Q3
15 November 2024

UK Economy grows just 0.1% in Q3

The UK economy grew at 0.1% in the third quarter which was seen as a miss given the expectations were for an expansion of 0.2% and Q2 saw an expansion of 0.5%.
UK Cuts interest rates by another 0.25%
07 November 2024

UK Cuts interest rates by another 0.25%

The Bank of England has cut its interest rate today by another 0.25% taking the UK interest rate to 4.75%. This latest cut goes on top of the 0.25% cut made in September to bring UK intertest rates down by half a percentage point this year.
US jobs miss estimates in October
04 November 2024

US jobs miss estimates in October

US job creation in October showed just 12,000 jobs created against expectations of 100,000 and below the September number of 223,000.
Eurozone inflation back up to target
31 October 2024

Eurozone inflation back up to target

Eurozone inflation rose to 2%, hitting the European Central Bank's (ECB) target and raising the likelihood of a smaller, quarter-point interest rate cut in December
British retail sales surprise the market
18 October 2024

British retail sales surprise the market

In September, British retail sales unexpectedly rose for the third consecutive month, increasing by 0.3%, mainly driven by purchases of the new iPhone.
European Central Bank cuts interest rates.
17 October 2024

European Central Bank cuts interest rates.

The European Central Bank (ECB) has reduced interest rates by a quarter-point to 3.25%, marking the lowest level since May 2023.
U.S. inflation continues to fall
10 October 2024

U.S. inflation continues to fall

US inflation fell to 2.4% in September, slightly above expectations, reinforcing predictions of a Federal Reserve interest rate cut in November.
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.