“There’s a growing appetite among our clients for this level of insight and the demand for our expertise in managing client’s wealth has never been higher…”
More than 100 Barclays clients turned out at the Waldorf Astoria Hotel in Edinburgh recently for the bank’s first ever Scottish Investment Circle.
They gathered to hear Barclays Wealth and Investment Management’s views on global markets and how they should be navigating these post Brexit and looking ahead.
Delegates heard from Will Hobbs, head of investment strategy UK and Europe, Barclays Wealth and Investment Management, who gave his views on the UK and global economies, as well as conducting a Q&A with a panel of experts including Henderson UK Property Fund portfolio manager Ainslie McLennan, Jo Hambro of UK Dynamic Fund, Fidelity Moneybuilder Income Fund portfolio manager Ian Spreadbury, and Schroders head of multi-manager Marcus Brookes.
Themes which emerged from the discussion included a general consensus among the panel that the current economic cycle still has further to run, while emerging market assets are becoming relatively more attractive investment opportunities compared to the US and the EU. Most of the panel also agreed that low interest rates are likely here for a while yet, leading to a variety of conclusions on how best to continue to invest in such a backdrop.
Pension deficits were also covered in detail with the advice that care needs to be taken around the impact of further negative interest rates in certain geographies. The benefits of engaging the right expertise were stressed, particularly for those looking to invest in contrarian fashion. The startling disparity between how consumer goods, company profits and mining profits are currently being rewarded by the market was highlighted as one example of an interesting opportunity for those willing to do the requisite analysis.
Hobbs told guests that investors are still best served by staying diversified across asset classes and geographies, but leaning that diversified investment portfolio towards equities both tactically and strategically.
John Godfrey, regional director for Edinburgh, Barclays Wealth and Investment Management, said: “In the midst of a period of such extensive economic and political activity across the globe it was hugely valuable for our Scottish clients to have the opportunity to take stock and listen to Will’s thoughts on how they should look to re-evaluate and position their investment portfolios as well as hearing directly from industry experts with whom we invest their money.
“Will’s economic insights were very well received and sparked some interesting conversations and debates. There is a growing appetite among our clients for this level of insight and the demand for our expertise in managing client’s wealth has never been higher.
“We are committed to providing our clients in Scotland with global expertise tailored for a local audience. The event gave clients the opportunity to hear invaluable insights from a range of investment experts and question them face to face, providing a genuine thought leadership event.”