All articles

The corporate credit canary – is US corporate debt on borrowed time?
August 2018: The risk of soaring corporate debt is being ignored
The rise and rise of passive investing
July 2018: There are more passively managed assets than actively managed – what could this mean?
Income at any price
In a world of distorted interest rates and high asset prices, protecting capital and producing strong income levels may no longer be mutually compatible.
Investment Review
July 2018: Our reviews tend to be big pictures or smaller snapshots; this is a ‘big one’, an explanation...
Damned if they do… damned if they don’t
June 2018: Wage inflation in the US poses a growing problem for the Fed
Quantitative tightening – what might it mean?
May 2018: Shrinking central bank balance sheets could undermine record asset prices
Why traditional safe havens might not work
April 2018: In the market sell-off this February, defensive assets failed to defend.
Investment Review
April 2018: The markets have lost their sense of invincibility, but it has not resulted in an up-quarter at Ruffer.
Japan: a forgotten market?
March 2018: Japanese shares have risen strongly, but not nearly as much as company profits.
Misplaced confidence?
February 2018: US consumer confidence is very high. Our analysis suggests this is not good news for investors in equity markets.
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