Brewin Dolphin Podcast

This week Ben Gutteridge, Brewin Head of Fund Research, interviews the new management team of the Newton Global Higher Income. Given the strict investment process, and the team’s rather gloomy take on the world, quickly becomes clear that little has changed in the fund, despite the recent lead manager departure. Up for discussion are the failings of central bank policy, the sectors of the economy crippled by overcapacity, and where debt burdens are most acute. On a more constructive note, the managers are keen to highlight the areas of the market that still represent good long term money making opportunities – which typically arise from the more defensive sources.

Please review the podcasts on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast. The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

In a full week for earnings releases from FTSE 100 companies, the Brewin Podcast invites its own equity analysts to discuss whether the news has been good or bad for some of the more high profile names. Specifically the analysts cover Lloyds, RBS, BATS, BHP, BT and Sainsbury’s.

Please review the podcasts on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

This week the podcast brings back its most popular figure, Terry Smith, the founder and Chief Executive of Fundsmith. Discussions centre on the valuation of companies within the portfolio amidst this more difficult pricing environment.

The conversation takes a tangential but compelling turn at the tail of the podcast, however, when we use this timely opportunity to quiz Terry Smith on his views of a potential Brexit - and what the implications might be both for his fund and the UK at large.

Please review the podcasts on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

This week Ben Gutteridge, Brewin Head of Fund Research speaks to David Roberts, Head of Fixed Income at Kames Capital and lead manager of the Kames Sterling Corporate Bond Fund. Conversations are very topical continuing with some of the themes from our most recent Podcast such as central bank policy, and the value and liquidity in global bond markets. To conclude, discussions round off with the potential impact ‘ Brexit’ may have on financial markets.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset

This week, our Group Head of Research, Guy Foster, welcomes James Montier, the independent author and renowned strategist at GMO. The pair discuss the highly topical (and ongoing) weaknesses observed in global markets and the overbearing influence that central bankers hold over the system. Given James’s value-orientated approach to investing, they touch on the fundamentals of value and current opportunities in markets, before concluding with the subject of illiquidity and returns in global bond markets.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset

This week Ben Gutteridge, Brewin’s Head of Fund Research, speaks to Newton’s Paul Brain about the Fixed Income market at large. As lead manager on Newton’s Global Dynamic Bond strategy, the discussion succinctly covers High Yield, Investment Grade, Emerging Market Debt and Global Sovereigns.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

This week Ben Gutteridge, Head of Fund Research, talks to M&G’s James Tomlins about the high yield bond market, as well as the opportunity and risks associated with floating rate investing. The energy markets dominate the discussions, though the differing levels of monetary support from US and Europe is also covered.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

In this midweek's bonus addition Ben Gutteridge, Head of Fund Research, talks to BlackRock's Alistair Hibbert, a European equity fund manager. In a 20 minutes information blitzkrieg Hibbert reveals why the global economy isn't about to fall off a cliff, what the major central bank motivations and likely policy response will be, and where the value lies in European equities.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

This week Guy Foster, Head of Research, talks to Mike Riddell, Fund Manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets. We talk about the prospects for interest rates in light of recent comments from Mark Carney and other MPC members. We talk about the government bond market which was very strong despite very weak demand at the week’s five year bond auction. We discuss the reliance of the UK on overseas funding and whether the Brexit referendum might make that funding less secure. Finally we also talk about concerns that high debt levels might bring about a repeat of the financial crisis.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.

In the first podcast of 2016 Ben Gutteridge, Brewin Head of Fund Research, speaks to M&G’s Jim Leaviss about current market anxieties and what 2016 has in store. With the new year off to such an unhappy start, Leaviss offers some reassuring words on the prospects for a modest global recovery. To qualify his analysis Leaviss references the positioning of his Global Macro Bond fund, with the focus on the currency strategy.

Please review the podcast on iTunes and if you have any particular requests for topics to be covered then please post them on our website or on Twitter using the tag #BrewinPodcast.

The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. All information within this publication is for illustrative purposes only and is not intended as investment advice. No investment is suitable in all cases and you have any doubts as to an investment’s suitability then you should contact your financial adviser. The opinions expressed in this podcast are not necessarily the views held throughout Brewin Dolphin Ltd. We or a connected person may have positions in or options on the securities mentioned herein or may buy, sell or offer to make a purchase or sale of such security mentioned in this podcast. For further information, please refer to our conflicts policy which is available on the footer below. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.