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Ruffer Review 2019
Download the first edition of the Ruffer Review. This is our annual review and covers a range of topics from natural capital to behavioral finance and inflation.
TINA turning?
February 2019: Rising returns on cash may cause investors to withdraw from riskier assets such as equities and corporate bonds
Make America Inflate Again
Our era of price stability is coming to an end. Expect regime change, and a more inflationary future. There are lessons from 1960s America.
Triple B or not triple B? That is the question…
January 2019: Growing risks in corporate debt markets spell big trouble – and big opportunities
Investment Review
January 2019: “I thought you chaps at Ruffer said that you’d never lose money for me – what’s gone wrong?”
2018 – Investors have had nowhere to hide
December 2018: Almost every major asset class has posted negative returns
Brexit bargains for Christmas?
November 2018: UK stocks are attractive on a free cash flow basis compared with the rest of the world
The jaws of a golden opportunity
October 2018: Gold mining equities offer compelling value compared to the shiny metal
Investment Review
October 2018: The performance of the portfolios remains becalmed, but it is the unseen currents in the water which will prove more important in vindicating (or otherwise) the stance that we are taking.
The tortoise and the hare?
September 2018: Japan retakes title of second-largest stock market from China
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