Morningstar UK: Podcasts

Welcome to the podcast from Morningstar UK, the leading provider of independent investment research.

It’s our final podcast of 2016 so what better way to finish the year off than to share our most popular content on Morningstar.co.uk - the top 10 of 2016. To get us started, at number 10 we have Old Mutual UK Alpha fund manager Richard Buxton giving his 3 stock tips.

At number 9, Chris Rice from Sanditon Asset Management, who we interviewed in May this year at our Morningstar Investment Conference in London, warns viewers to hold cash and prepare for a market crash as he believes recession looms.

It’s not surprising that one of the topics that have most concerned investors this year is Donald Trump’s victory in the US Presidential election. Coming in at number 8, Senior editor for Morningstar.co.uk Emma Wall and Dan Kemp, Chief investment Officer for Morningstar Investment Management brought us the breaking news on the election result and what it means for investors.

Back in April we interviewed Alex Wright, Manager of the Fidelity Special Situations Fund who gave us 3 under-valued stock picks, including Lloyds Bank. His interview comes in at number 7.

Brexit has been another key theme for investors in 2016 and it comes in here in 6th place. Dan Kemp brought us his interpretation of the news saying investors needed to keep cool heads amid the political and financial uncertainty.

Coming at number 5 it’s another 3 stock picks interview, this time with Gold rated investor Job Curtis who gave us three income stocks for sustainable dividends back in June.

At number 4 it’s Brexit again! This time Senior Editor Emma Wall describes how Britain's vote to leave the European Union seems to tie in with a feeling across the Western world – a rebellion against globalisation and those in power.

At number 3 Paul Swinand, Equity Analyst for Morningstar talks us through how a variety of headwinds that hit the global luxury sector have started to ease off and that some luxury goods companies are starting to look attractive again.

The popularity of ETF’s and tracker funds is soaring in the UK and our second most popular interview this year was that of Passive fund Analyst Kenneth Lamont explaining the key differences between an ETF and a tracker fund.

So, now to reveal the top spot – what Morningstar.co.uk content will be crowned the most popular of 2016? And the winner is - ‘What is a Fund?’, part of our back to basics series designed to help new investors understand the investing world.

And that’s it from the Morningstar podcast for 2016. It has been our pleasure to provide you all with news, views and education on personal investing this year.

From everyone here at Morningstar UK, have a Merry Christmas and a very happy new year. We look forward to seeing you in 2017!

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This week we’re going to take a look at the impact the US Election has had on the Global economy. Donald Trump has beaten Hillary Clinton to become the 45th US President. Stock markets globally have reacted by falling - Senior editor for Morningstar.co.uk Emma Wall and Chief Investment officer Dan Kemp discuss what should investors do.

What can investors expect from stock markets as the results of the US election? And what have we learned from the Brexit vote shock to help protect our assets? Simon Molica from Morningstar investment Management is up next to discuss.

How are professional investors reacting to the economic and political challenges of 2016, especially after Brexit and the US election have thrown up significant volatility. Fund Analyst Randal Goldsmith is up next to give us his insight on why it’s been a challenging environment for fund managers to make investment calls.

What Will President Trump Mean for Bond Yields? Will the Fed raise US interest rates next month? And what will that mean for global bond markets? Charles McKenzie, Chief Investment Officer for Fixed Income for Fidelity discusses all this and more with Emma Wall up next.

Concerns about president Elect, Donald Trump have clearly crossed the pond. Just hours before the start of the US election, we took to the streets of London to gather people’s views on the outcome – and how a new President of the United States may affect life in the UK.

Think 2016 has been the year of political upsets? Europe faces a referendum and general elections galore in the next 12 months as well as extra low interest rates explains Will James, manager of the Standard Life European Equity Income Fund.

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http://www.morningstar.co.uk

Welcome to the podcast from Morningstar UK, the leading provider of independent investment research. This week we’re going to take a look at Passive investing. When Jack Bogle, founder of Vanguard Asset Management launched the first passive fund in 1975 he was called “un-American”. The financial industry was so against his plan to revolutionise the way that we invest, a campaign was mounted insinuating Bogle was unpatriotic and a fool.

Fast forward three decades and new money invested in passive funds is growing at much faster pace than actively managed funds. In the US last month, investors pulled $18 billion out of active funds, but invested $49 billion into passive funds. The story is similar this side of the pond, the fastest growing part of the market is passively managed funds – and in particular those which are “smart”, or “strategic” and offer investors access to a certain slice of the market. But what exactly is a passive fund? And are they better than actively-manged funds in all circumstances? When should you opt for passive, and what role should an ETF play in your portfolio? Lets first go to Dan Kemp, Chief Investment Officer for Morningstar Investment Management who explains the benefits of using passive funds in an investment portfolio.

Up next Christine Benz for Morningstar speaks with Vanguard founder Jack Bogle himself about how Investors need to look at how unnecessary fund costs are eating away at their investment gains.

So What exactly is the Difference Between an ETF and a Tracker Fund? Morningstar Passive fund analyst Kenneth Lamont is up next to explain.

ETF providers are very transparent when it comes to replication and will explicitly disclose whether an ETF is physical or synthetic in the kit and prospectus. But if you’re still confused our very own Passive Fund Expert and senior analyst Jose Garcia Zarate is here to clear things up about the differences between Physical and Synthetically Backed ETFs

Did you know you can minimise the volatility of emerging markets through ETFs? Or focus on income? Or gain access to the whole market for a fee of just 0.2%? Senior editor for Morningstar Emma Wall and Passive fund Analyst Mornika Dutt are up next to discuss different ways to profit from an emerging market rally

Lets go back to Christine Benz and Jack bogle who discuss the issue of risk and why Investors should not be tempted to take on too much of it in retirement.

ETFs have grown in popularity as investors cotton on to the impact of cost on real returns - and now passive funds can be used to build a diversified a profitable portfolio. Senior editor Emma Wall discusses with Our final guest, Ursula Marchioni Chief Strategist for iShares on how to get the most out of ETF’s when using them I your portfolio.

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https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2

http://www.morningstar.co.uk

This week we’re going to take a look at where investors can find income paying assets. Since Britain’s vote to leave the European Union, the Bank of England has taken drastic steps to boost the UK economy. Interest rates have been cut for the first time in more than seven years to a new low of 0.25%. What do you think of the interest rate cut? We took to the streets to talk to savers and borrowers alike to ask whether they will be spending more now rates are even lower.

Do you want your investments to pay you a regular income? Up next we ask Investec's John Stopford how to blend income-paying assets for a sustainable yield

How Should You Invest After You Have Retired?

Your investment income and growth requirements are different once you've stopped earning a regular wage. Anthony Gillham, Co-Head of Multi-Asset for Old Mutual is up next to discuss the issue.

Bricks and mortar property funds can have liquidity problems - but investing in property stocks don't carry the same risks. Alex Ross, Manager of the Premier Pan European Property Share Fund explains how European Property Stocks are Offering Income Opportunities.

Up next, our guest Tom Walker, Manager of the Martin Currie Global Portfolio Trust explains his unconcern with high valuations in US equities - saying that the strong economy and poor returns elsewhere actually make US stocks a compelling investment.

Investors Should Ignore news about Brexit and Donald Trump when making investment decisions. Bronze Rated Crux European Special Situations fund manager Richard Pease urges investors to ignore politics and focus on individual stocks.

The Bank of England may have chosen to keep rates at 0.25% earlier this month - but there may be further cuts to come as Britain's economy digests the impact of Brexit. Could Interest rates be cut again in November? Alexis Gray, European Economist for Fidelity is up next to discuss.

Subscribe to our podcast on itunes:

https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2

http://www.morningstar.co.uk

This week we’re going to take a look at interest rates. The Bank of England has cut interest rates to 0.25% - the first move in more than seven years. What does it mean for your investments? Let’s get started and kick off with Senior Emma Wall and Chief Investment Officer for EMEA’s Morningstar Investment Management, Dan Kemp who discuss the implications of this rate cut to investors Portfolios’

 

So interest rates have been cut by the Bank of England. But this is just the beginning of central bank action. What’s next? Head of quantitative research for fidelity, David Buckle is up next to explain.

 

How do you Protect Your Portfolio Against Rising Inflation? Miton Multi-Asset fund manager David Jane explains the risks of investing in a rising inflation environment with Emma Wall and how he protects his portfolio.

 

Up next, JO Hambro's Ben Leyland explains how quantitative easing has made quality stocks expensive - and warns investors they should prepare for a correction in the next 3 years.

 

With a rising stock market and projected economic growth of 1% for 2017, were initial post-Brexit forecasts overly pessimistic? What impact has Brexit had on investors since? Tom Beckett, Chief Investment Officer for Psigma is up next to discuss.

Falling Interest Rates are Hitting Your Pension Income. If you think annuity rates are bad now? Wait until the Bank of England cuts rates further next month. We consider what your retirement income options are in this current environment.

This week we’re going to take a look at how the financial market is shaping up after Britain voted to leave the European Union.

Senior editor Emma Wall starts our podcast off by discussing what the professional investors have been buying now that we are heading for Brexit.

 

How have retail investors reacted to Brexit? Morningstar's Jonathan Miller takes a look at fund flows and cautions investors against making any hasty decisions and in particular to not give up on UK Equities.

 

Brexit brings with it impending market uncertainty, but this is nothing new, says Jupiter's John Chatfeild-Roberts. He urges investors to take a long-term view and stick to high quality companies with international exposure.

 

Will the Property Freeze Affect Multi-Asset Funds?

Millions of pounds has been gated in commercial property funds as liquidity issues have meant managers have had to restrict withdrawals. Will multi-asset be affected? Senior Fund analyst Randal Goldsmith discusses this issue with Emma Wall up next.

 

In the weeks since Britain voted to leave the EU both stock markets and bond prices have divided - with some rallying significantly and others falling fast

Portfolio Manager for Morningstar Investment Management, Richard Whitehall discusses how currency has boosted investments post-Brexit.

Britain's vote to leave the European Union seems to tie in with a feeling across the Western world – a rebellion against globalisation and those in power. Emma Wall discusses this theory up next.

This week we’re focusing on Millennials, Fund Fees and Building Investor Trust. What do the Millennials expect from their financial future? When do they see themselves retiring, if ever - and would they ever pay for advice to help them achieve their money goals? Senior editor Emma Wall took the streets to find out first hand.

 

It may be decades away, but smart Millennials should start planning for their retirement early - harness the power of compound interest to avoid pension poverty explains Emma Wall up next.

 

Millennials are adopting lifetstyles mindful of their impact on society and the environment - and they want their investment portfolios to reflect this commitment too. San Lie, Director of Manager Research for Morningstar Benelux explains why Millennials are Leading the Way with Sustainable Investing.

 

Can ESG Investing Mitigate Risk in Emerging Markets? James Donald, emerging markets fund manager at Lazard, explains why he only invests in companies which treat all shareholders in a fair and equal way and also some of the pitfalls investing in emerging markets.

 

Don't Pay High Fees for a Low Active Share Fund. Most of the portfolio of a low Active Share fund, you can get at really low cost in an ETF, says Martijn Cremers, Professor of Finance for Notre Dame University up next.

Has the city been behaving badly? Hermes chief executive Saker Nusseibeh believes Fund managers need to earn the trust of investors starting by caring about their clients and being honest about outcomes.

This week we’re focusing on how Brexit, Trump and a Global Recession could affect your portfolio. There are challenges ahead for the global economy but Old Mutual Global Investors' chief executive Richard Buxton feels Brexit is not one of them claiming Britain will not leave the EU. Let’s first hear from him and Senior editor Emma Wall who discussed this topic and the Morningstar investment conference in London.

 

But what if Brexit does happen? Will UK investors still be able to access their UK domiciled funds in the event Britain leaves the EU? The Investment Association's Guy Sears is up next to dispel the myths.

 

Global recession fears are unfounded - but markets remain challenging for investors, particularly in Emerging Markets says JP Morgan's Stephanie Flanders up next.

 

What Happens to Markets if Trump Becomes President? Economic Consultant for Pioneer Investments Robert Wescott says it would be "scary" for the global economy if Donald Trump becomes President of the United States.

 

Looking more closely at the Japanese economy. We have Gold-rated Japan equities investor Andrew Rose up next who says the yen needs to stabilise in order for the prospect of corporate profits to improve in Japan.

Is it time to Hold Cash and Prepare for a Market Crash? The third longest bull market in US equities coupled with "extraordinary" intervention in financial asset markets by central banks spells recession says Sanditon's Chris Rice up next.

When Does Market Volatility Matter to Your Investment Portfolio Long-term investors should embrace volatility, says Morningstar Investment Management's Dan Kemp - as it offers opportunities not risk.

This week we’re focusing on pensions and retirement. Lets start at the beginning shall we? What exactly is a Pension? What different types of pension are there and how do they work? Morningstar’s Senior Editor Emma Wall talks us through the basics.

Redington's Lydia Fearn explains to us why it is critical to start saving for retirement as early as possible, to increase your payments when you get a pay rise and why the forthcoming Lifetime ISA is not a pensions alternative.

So you’ve decided you want to start paying more attention to your pension and planning your retirement but how exactly do you save retirement? Senior Editor Emma Wall explains all.

Are you starting a personal pension for the first time? We talk to top investor John Husselbee, Head of Multi-Asset for Liontrust to give his three fund picks across the sectors to consider for your SIPP.

Thanks to pension freedoms you can now access 25% of your pension pot tax-free at 55 - and figures show many retirement savers are withdrawing their cash. But should you do the same? We discuss this and more with Richard Parkin, Head of Pensions for Fidelity.

Looking for income producing assets? Be careful to look at the underlying portfolio of any income-paying fund as a low rate environment has forced many up the risk curve meaning Income Investing Has Become Significantly More Risky explains Morningstar’s Dan Kemp.

Not all UK equity income funds are the same, it is important to match your requirements to the right manager. Senior Morningstar Analyst Peter Brunt highlights three very different funds for your post retirement portfolio.

This week we’re looking at ISAs. With less than one month left of this tax year time is running out for ISA and pension investors – or anyone looking to boost their savings and reduce their HMRC bill.

Despite record low interest rates on savings and wages slow to rise, UK consumers are looking to the long term and diligently saving. But data reveals we are over-reliant on cash explains Morningstar Editor Emma Wall.

Consumers like the more generous ISA allowances – but low interest rates and stretched finances are preventing some from saving. We took to the street and asked the public what they were planning to do with this year’s ISA allowance

Ever wondered where the fund experts choose to invest their own money? We asked Morningstar's investment professionals - fund analysts and portfolio managers - where they would be investing their personal ISA allowance this year.

Looking for ISA ideas? Don't buy quality stocks at any price, you could regret it when the market moves up or down warns Hermes Global Equity fund manager Lewis Grant up next.

Silver Rated manager Jeremy Podger chooses stocks based on special circumstances, rather than market backdrop, meaning that they can grow regardless of the market cycle. He’s up next talking to Emma Wall and giving his top Stocks Picks.

There are thousands of fund managers in the market, making it difficult for investors to choose between them. Morningstar’s editorial Assistant Karen Kwok reveals the 10 top performing fund managers of the past decade, how they fared after they reached the top and whether a star turn one year affected fund flows the next.

Looking to reduce your tax bill and boost your portfolio returns? Emma Wall rounds off our podcast today by explaining the benefits of ISAs and SIPPs - and outline some alternative tax-efficient investments to consider.