ETF Commodity – Protectionism, inflation and the case for commodities (February 2017)

Stacey Ash, Co-Manager of the Marlborough ETF Commodity Fund, explains how Donald Trump’s policies could fuel inflation and how commodity exposure can act as a hedge to protect portfolios.History shows how protectionist trade policies can stoke inflation. Such policies were a very recent memory when in 1994 Peter Sutherland, soon to become founding Director-General of the World Trade Organisation, remarked: “Virtually all protection means higher prices.”Donald Trump will, of course, have heard this argument, but he appears intent on delivering on the rhetoric of his election campaign, during which he called for 45% tariffs on goods imported from China and threatened heavy penalties for carmakers producing vehicles in Mexico.

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UK Multi-Cap Growth: Investing in long-term ‘secular’ growth trends (January 2017)

Richard Hallett, Manager of the Marlborough UK Multi-Cap Growth Fund, explores long-term ‘secular’ growth trends that should allow companies to prosper irrespective of the economic backdrop. The political upheavals of 2016 underlined just how difficult it is for investors to generate long-term positive returns by trying to play short-term macroeconomic themes. The truth is that […]

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UK Multi-Cap Growth: Investing in long-term ‘secular’ growth trends (January 2017)

Richard Hallett, Manager of the Marlborough UK Multi-Cap Growth Fund, explores long-term ‘secular’ growth trends that should allow companies to prosper irrespective of the economic backdrop.The political upheavals of 2016 underlined just how difficult it is for investors to generate long-term positive returns by trying to play short-term macroeconomic themes. The truth is that we […]

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