We awoke to the news that the US had imposed wide ranging tariffs on countries and industries.

Pre-budget media coverage has focused on the government’s ‘fiscal headroom’ – the leeway that Chancellor Rachel Reeves has to increase spending without breaching fiscal rules. Back in October the headroom was c.£10bn (quite low vs history), but rising government borrowing cos

‘High yield’ is a distinct asset class that sits at the higher credit risk end of the bond market.

These are certainly interesting times to invest, with worrying and persistent headlines

There is little certainty in the short term, but the longer one remains invested, the more certain one can be about positive outcomes

The four most dangerous words in investing are: ‘this time it’s different’ Sir John Templeton, 1993.

Over the weekend, US President Donald Trump announced tariffs targeting the US’s closest trading partners.

On Monday, Nvidia experienced a sharp decline of 16.9%. The sell off happened on the back of news that the Chinese AI company DeepSeek has developed large-language models with significantly reduced reliance on AI chips. This news raises concerns about the scale of future demand.

Gilt yields have recently been the subject of news interest. But, looking through the noise, are gilts a poor investment today?

This report draws on our independent fund research and in-depth insights into the financial services industry.