Editor’s letter
Issue 56 / November 2019
T
THE THEMES SET TO DRIVE MARKETS OVER THE LONG TERM
BUBBLE TROUBLE
A WOLF IN SHEEP’S CLOTHING?
THE GREATER GOOD
How to separate
The high yield sector under the The strategy boosting
megatrends from fads spotlight
returns and lowering risk
Fund, Pension, Trust / Sector Profile / Stockpicker / What I Bought Last
ISSUE 56
CREDITS
TRUSTNET MAGAZINE IS
PUBLISHED BY THE TEAM
BEHIND TRUSTNET IN SOHO,
LONDON
WEBSITE: www.trustnet.com
EMAIL: editorial@fefundinfo.
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his issue
of Trustnet
Magazine
focuses on the
“megatrends” that
look set to drive
growth in markets
over the coming years.
The cover story sees
Cherry Reynard look
at how these themes
are shaping fund
managers’ strategies,
directing them towards
the winners of the
future and away from
the sectors being
disrupted. One theme
many fund managers
are hanging their hat
on is a focus on ESG
(environmental, social
and governance) issues
– as Rebecca Jones
explains, this is more
down to the growing
Anthony Luzio
Editor
T: 0207 534 7652
Photos supplied by iStock
Cover illustration: Javier Otero
stocks that are “masters
of their own destiny”
and Stonehage Fleming’s
Peter McLean reveals
which fund he is using
to take advantage of low
valuations in the UK.
Enjoy reading,
Bubble trouble Derailed! What I bought last
Anthony Luzio finds out
how to separate long-term
megatrends from fads that can
blow up in your face
Javier Otero
Art direction & design
W: www.feedingcrows.co.uk
Sales
Richard Fletcher
Head of publishing sales
T: 0207 534 7662
Richard Casemore
Account manager
T: 0207 534 7669
Constance Candler
Account manager
T: 0207 534 7668
profile that has more in
common with equities
than bonds.
In our regular
columns, John Blowers
looks at how being
made redundant in
your 50s can affect
your retirement plans,
Invesco Perpetual UK
Smaller Companies IT’s
Jonathan Brown and
Robin West name three
Anthony Luzio
Editor
Contents
CONTACTS:
Editorial
Gary Jackson
Editor (Trustnet)
T: 0207 534 7680
Rob Langston
News editor
T: 0207 534 7696
Eve Maddock-Jones
Reporter
T: 0207 534 7676
realisation it lowers risk
and raises returns than
any moral awakening
in the City. In the final
article on the subject, I
find out how to separate
long-term megatrends
from fads that can blow
up in your face.
This month’s sector
focus falls on IA Sterling
High Yield, which Adam
Lewis says has a risk
P. 30-39
Fund, pension, trust
26
Megatrends
Cherry Reynard looks at the
themes set to drive growth
in markets over the coming
decades
P. 4-13
The imperatives
of growth investing
Scottish Mortgage Investment
Trust’s James Anderson
explains why we need to
embrace risk and volatility to
achieve long-term rewards
P. 14-19
The greater good
The evidence in favour of
18
ESG investing as a driver of
returns is now irrefutable,
writes Rebecca Jones
P. 20-25
Why caution on Hong
Kong is paying dividends
Prudent investors will have
been cautious on Hong
Kong for some time, says
Henderson Far East Income’s
Mike Kerley
P. 26-29
Matthews China Small
Companies, Sarasin Food &
Agriculture Opportunities
and RIT Capital Partners find
themselves under the spotlight
this month
John Blowers considers the
impact on your retirement plan
if you lose your job in your 50s
P. 56-63
In their hands
Stonehage Fleming’s Peter
McLean reveals which fund he
is using to take advantage of
low valuations in the UK market
P. 66-67
Invesco Perpetual UK Smaller
Companies Investment Trust’s
Jonathan Brown and Robin
West pick three stocks that are
“masters of their own destiny”
P. 64-65
P. 40-45
A wolf in sheep’s clothing?
46
Adam Lewis warns the risk
profile of high yield debt has
more in common with equities
than bonds
P. 46-53
Data hub
Green-backed: Opportunities
in the environment
P. 54-55
20