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Investment Thinking
Perspectives on markets, portfolios and the ideas shaping our investment decisions.
News, articles and insights should not be considered as advice and when investing you should seek professional advice to make sure it is suitable for your knowledge, experience and personal circumstances. Investments can rise and fall and you may get back less than you put in. All content was considered correct at the time of writing and we are not responsible for any errors, omissions or changes.
Our investment team looks beyond the day-to-day market noise to consider the trends, themes and decisions that matter to long-term investors. Here we share our latest investment notes, market perspectives and thinking on portfolio strategy.
TAM Market Insight : October 2026
Q4 Perspective - Paid to wait.
Growth remains resilient, inflation has returned, and bonds are once again paying investors to be patient. In our Q4 2026 Quarterly Investment Perspective, we explore why higher bond yields, strong corporate earnings and shifting interest rate expectations are creating a very different investment landscape, and how we are positioning port...
TAM Market Insight : September 2026
How Passive Is Passive?
Passive investing sounds simple, but the choices behind it are anything but. We explore the spectrum from index tracking to systematic investing, why even passive portfolios require active decisions, and what this means for the way we manage our Enhanced Passive portfolios.
TAM Market Insight : September 2026
Active or Passive? We Think That’s the Wrong Question
Passive investing continues to challenge active management, but the evidence tells a more nuanced story. We look at where active management can still earn its place, why passive does not remove investment decisions, and why the real question for investors is where they are actually getting value from active management.
TAM Market Insight : August 2026
Who’s really driving?
Passive investing offers efficiency, transparency and lower costs, but even a driverless car needs a destination. Our latest note explores why index investing still requires judgement and how TAM’s Active and Enhanced Passive portfolios combine distinct investment approaches with professional oversight and risk management.
TAM Market Insight : August 2026
The Price Of Money Has Changed
Long-term borrowing costs are rising across major economies, challenging assumptions formed during years of ultra-low interest rates. From the US and UK to France and Japan, bond markets are sending an increasingly similar message. We look at what the changing price of money means for markets, portfolios and TAM’s current positioning.
TAM Market Insight : August 2026
Don’t Chase Every Shot
With markets reaching record highs, investors could be forgiven for thinking they are hitting the skin off the ball. Inspired by his first golf lessons, TAM Europe analyst André looks at why chasing every shot, whether in golf or investing, rarely leads to the best score.
TAM Market Insight : July 2026
Q3 Perspective - The Return of Balance
After years of market returns driven by a narrow group of companies, broader participation across sectors and regions is creating new opportunities for diversified investors. Discover our latest market outlook and how our portfolios are positioned for the months ahead.
TAM Market Insight : July 2026
After the Opening Whistle
The World Cup has moved into the knockout stages, and markets continue to evolve. In this latest Insight note, we revisit an important investment lesson: successful investing is not about reacting to the latest headline, but adapting as the story unfolds.
TAM Market Insight : June 2026