Fisher Investments UK

Investors often seek professional guidance but whose investment advice can be trusted? Fisher Investments UK's insights aim to help investors with their financial and retirement goals.

Fisher Investments UK understands the needs and concerns of investors, and strives to help investors achieve their financial and retirement goals. With a global approach to investing and a straightforward fee structure, the global Fisher group of companies is designed to help investors reach their long-term goals.

Investment management services are provided by Fisher Investments UK’s parent company, USA-based Fisher Investments. Founded in 1979, Fisher Investments manages assets for institutional and private investors seeking guidance in navigating global capital markets. The firm’s investment strategies are guided by an experienced team with decades of financial industry experience. Fisher Investments’ research and portfolio management decisions are led by the five-member Investment Policy Committee. The Investment Policy Committee looks at markets globally, searching for investment opportunities in a variety of sectors. In addition, Fisher Investments’ in-house portfolio management staff includes research analysts and other financial professionals who support the Investment Policy Committee. Through this unique service, Fisher Investments and its subsidiaries have grown to manage billions of pounds worth of assets for thousands of clients globally.

Beyond providing investment guidance, Fisher Investments UK is committed to bettering the investment universe. To this end, the firm regularly releases market commentary to help investors better understand the context for current market trends and to provide transparency into the conflicts of interest or fee structures that lead to high costs for investors. Fisher Investments UK believes that all investors can find greater opportunity when decisions are driven by logic rather than emotion, and that better understanding of the historical influences of global markets can help them make better decisions.

Fisher Investments UK’s services begin with a review of a client’s current investments and a full evaluation of the client’s needs, financial goals, family and inheritance considerations and more. Fisher Investments UK believes that a personalised approach to money management is best—a client’s unique circumstances and goals can inform the best strategy to implement both leading up to and throughout retirement. As a client’s personal circumstances change, or as the market changes, investment portfolios may also need to change. Fisher Investments has the ability to adjust clients’ portfolios in accordance with its expectations for the markets or as needed for a client’s personal situation. Fisher Investments UK believes providing personalised client service and educational opportunities are an important foundation to providing impactful guidance.

In addition to providing market commentary, Fisher Investments provides a high level of personalised client service to all clients. Every client has a dedicated Investment Counsellor, who serves as a liaison between the Investment Policy Committee and the client. Investment Counsellors help clients with all aspects of their portfolio management—from proactive financial goal reviews to administrative account changes. They are also available for any immediate needs that may arise, whether that is a question about daily market movement or long-term changes to a client’s investment needs. Fisher Investments UK and its parent company, Fisher Investments, also offer in-person or virtual educational event opportunities to help keep clients informed. Events are free for clients, and may cover current events impacting markets, portfolio strategy information and more.

For more information on how current events may impact your investing and retirement planning, be sure to return here regularly for Fisher Investments UK’s latest insights. You can also enquire about Fisher Investments UK’s offerings for investors by visiting https://www.fisherinvestments.com/en-gb.

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Investing in stock markets involves the risk of loss and there is no guarantee that all or any capital invested will be repaid. Past performance neither guarantees nor reliably indicates future performance.

Graeme Thomson

Roxy Music’s Phil Manzanera on Castro, Kanye, his spook dad and the two Bri/yans

Roxy Music didn’t make Phil Manzanera rich. Kanye West did. When a guitar phrase from Manzanera’s obscure 1978 solo song, ‘K-Scope’, was sampled in 2012 by West and Jay-Z on their track, ‘No Church in the Wild’, the one-third share Manzanera was given of publishing and sales revenue proved life-changing. The song featured on a platinum-selling album, and was used in The Great Gatsby and numerous adverts. ‘I would earn more money from a short guitar riff that I wrote one evening on a sofa in front of the telly than I ever earned in the entire 50 years as a member of Roxy Music.

Fisher Investments UK

Fisher Investments UK on the Financials Sector

Investments in the Financials sector have performed better than the broader equity market in 2022, but some equities in the space remain below price levels leading into the Great Financial Crisis from 2007-2009.[i] Over a decade of lacklustre performance has some investors wondering how to invest in the sector and whether its recent outperformance can continue. In this article, Fisher Investments UK discusses the basics of the Financials sector, what’s impacted its performance in recent years and factors to consider if you are thinking of making a change in your portfolio. The Financial Sector’s Decline The Financial sector has long been a sizeable part of the equity market, but its prominence has waned following the Great Financial Crisis.

Fisher Investments UK

Are Averages Normal? Fisher Investments UK Reviews

What is a reasonable equity market return to expect in a given year? 5%? 10%? 20%? Based on Fisher Investments UK’s reviews of financial publications and opinions, many investors cite figures ranging from high single digits to low double digits, based on stocks’ long-term historical average.[i] Whilst the logic behind that thinking is understandable, investors don’t benefit from using averages in that manner, in our view. Let us explain. Based on Fisher Investments UK’s reviews of popular market topics, many people imply the average is the typical result. If something is outside that average, then it is atypical – in either a good or bad way. For instance, we have observed many analysts treating stocks’ historical average return as a guide for future returns.

Fisher Investments UK

Fisher Investments UK is Taking a Closer Look at Inflation

Rising inflation has grabbed headlines across the globe over the past year, reaching multi-decade highs in many countries in the past several months. From petrol prices to food and travel, inflation has impacted nearly every corner of consumers’ lives. With inflation at such high levels, many people are asking what – if anything – can be done to tame these sizeable price increases. In this article, Fisher Investments UK looks at where inflation is today, where it could go from here and potential benefits of equity ownership during inflationary periods. Where is inflation today? Inflation is a normal economic phenomenon. In fact, central banks around the world typically target a small amount of inflation each year – usually around 2%.

Fisher Investments UK

Fisher Investments UK Reviews Currency Skew

Based on Fisher Investments UK’s reviews of market history, we think investing globally is sensible for many investors. However, global investing can introduce a unique feature in owning securities from abroad: currency skew. In our view, investors may benefit by understanding its effect on international equity returns. Currency skew describes the difference in returns on equities you buy denominated in currencies other than your home country’s and those applying to you after conversion. Thanks to modern financial innovations, European investors seeking to purchase foreign companies – like US listings – usually don’t have to move money to an American account, convert their funds to dollars and buy equities.

Fisher Investments UK

The Energy Sector’s Stock Market Lesson, According to Fisher Investments UK

Fisher Investments UK’s research shows markets look forward – but not too close or far ahead. What does this mean in practise? We think a look at Energy sector performance over the past couple years – and what commentators we follow said about its prospects – may prove enlightening. We have found the next 3 to 30 months or so is the timeframe equities generally focus on most. Why? We think markets are efficient discounters of widely known information. Events likely to occur within the next three months – be it corporate earnings releases, economic data, political developments, etc. – get heaps of attention in advance.

Fisher Investments UK

Fisher Investments UK: Understanding Markets’ Driving Force

What drives markets? In the short term, financial commentators we follow often cite a broad array of different headline news stories. According to Fisher Investments UK’s research, though, markets’ longer-term, more material moves hinge on surprise – the gap between reality and expectations. What does that mean in practise and how can investors use this framework to their advantage? Based on our analysis, stocks concentrate on probable economic conditions over the next 3 to 30 months or so, meaning backward-looking data have little effect on markets beyond a possible short-term sentiment impact.

Fisher Investments UK

What Jobs Mean for Equities, According to Fisher Investments UK

Labour market figures are among the most widely watched economic data in financial publications Fisher Investments UK’s analysts follow. However, jobs are lagging economic indicators – limiting their use for investors, in our view. In our experience, many investors care about labour market data because of their implications at a personal level. Jobs represent people’s livelihoods and ability to take care of themselves and loved ones financially, and there are important sociological impacts from unemployment. But more relevant to investors, we have found many can’t imagine how an economy can grow when unemployment is high and rising – after all, consumer spending is vital in most developed economies.

Fisher Investments UK

The hidden lessons within equity sectors, according to Fisher Investments UK

In Fisher Investments UK’s experience, investors often treat equity sectors as monoliths – i.e. as if all companies within a sector will behave the same. For example, giant semiconductor firms’ moves will mirror the entire, broad Technology sector’s, or Pharmaceuticals determines the Health Care sector’s prospects. But Fisher Investments UK’s research analysts have found reality is more nuanced – as we will show using the Financials sector. Understanding industries’ unique characteristics can help investors position within sectors for the conditions they expect, in our view. Financials are the second-largest sector globally, at 13.7% of the MSCI World Index by market capitalisation.

Fisher Investments UK

Fisher Investments UK: Don’t let Central Bank moves shift you out of equities

Whenever the US Federal Reserve (the Fed) – the central bank of the United States – appears to be raising or lowering interest rates, investors invoke a common phrase: “Don’t fight the Fed”. The premise behind this saying is an investor belief that when the Fed (or any central bank) raises interest rates, the move hurts equities. Conversely, equities benefit when a central bank lowers rates. The saying implies investors are foolish to sell equities when a central bank is cutting rates or to buy equities when rates are rising.

Fisher Investments UK

Why Fisher Investments UK says demographics aren’t destiny for markets

What will the world look like in 2050? Some trends are easy to forecast – like demographics. Based on birth-rate trends and life expectancies, the UN projects the Earth’s population will top 9.7 billion by then.[i] Sociologists who write in publications we follow foresee the vast majority of that population living in urban areas, theoretically requiring a massive increase in electricity generation and other infrastructure. Many demographers we read also see most of that population increase happening in the Southern Hemisphere, with ageing (and eventually shrinking) populations in the north. These predictions all may be interesting from an academic perspective, but, for investors, Fisher Investments UK thinks they are of little use.

Fisher Investments UK

Why getting in early doesn’t always pay in investing, according to Fisher Investments UK

Note: Fisher Investments UK does not make individual security buy and sell recommendations. Any reference to a specific security in the below is solely made to help illustrate a broader theme we wish to highlight. Nothing in the discussion should be construed as a recommendation to take any action with respect to the companies mentioned. One of the most popular topics amongst financial publications Fisher Investments UK’s parent company, Fisher Investments’, research analysts follow: what is the next big investment opportunity? There are seemingly abundant trends featuring potentially promising, high-growth investments, including artificial intelligence, cutting-edge pharmaceuticals and rapidly expanding developing economies.

Fisher Investments UK

Fisher Investments UK: 3 Elements of Your Financial Life to Review Annually

If you’ve taken the important step to improve your financial life by setting goals, establishing a budget and developing a robust, long-term financial plan, you’re already ahead of many people. But, your family’s financial plan could use some regular care and maintenance. You should review some aspects of your financial life at least once a year to determine if you’re still on the path to reach your goals, or if you need a slight course correction. By scheduling a regular assessment of your financial life, you reduce the risk of only reviewing your situation and making financial decisions after things have gone wrong, which could lead to emotionally charged choices that could hamper your chances of reaching your long-term financial goals.

Fisher Investments UK

Why Some Fixed Interest May Still Make Sense, in Fisher Investments UK’s View

Globally, corporate and sovereign debt securities’ yields are historically low—even negative in some countries—hurting fixed interest returns.[i] Furthermore, Fisher Investments UK finds many financial commentators warn those rates are about to rise, and, since yields and debt security prices move inversely, that means investors get little yield for taking the risk of declining prices. That has many commentators in publications we follow asking: Why hold them at all? In our view, fixed interest’s primary purpose in portfolios is to dampen portfolio volatility to mitigate swings for those needing to draw cash flow.

Fisher Investments UK

Why Terrorist Attacks Don’t Terrorise Equity Markets in the Long Run

Terrorism is a real, ever-present risk in the modern world. The recent twentieth anniversary of the 9/11 terrorist attacks reminds us of the tragic human toll and devastating impact to lives, livelihoods and property. While the prospect of a terrorist attack can be emotional and frightening, Fisher Investments UK believes the historical relationship between terrorism and equity markets offers valuable lessons for long-term investors. In particular, the past 20 years have shown that acts of terrorism alone don’t seem to cause lasting market declines. In our view, this is due to equity markets’ ability to focus uniquely on the economic implications of attacks, measure the economic disruption and efficiently price the world’s economic future.

Fisher Investments UK

Why Looking Beyond Short-Term Swings Is Important for Investors

When considering investment risks, in our experience, many investors focus on market volatility (asset price fluctuations)—especially negative swings. Comfort with volatility is indeed an important consideration, in our view. For investors with short-term time horizons—the length of time you need your money to work—a high likelihood of volatility could work against your financial goals. Even for long-term investors, comfort with volatility is key, in our view, as sharp volatility could prompt less disciplined investors to trade at inopportune times. But defining risk as volatility exclusively is too narrow a focus, in Fisher Investments UK’s view—a focus potentially increasing other kinds of investment risk.

Fisher Investments UK

QE Isn’t the Economic Boost Many Believe

Last year, central banks around the world employed quantitative easing (QE) policies to stimulate economic activity following widespread COVID-related economic lockdowns. While these measures improved investor sentiment, QE may not be as helpful to the global economy as central banks intended. The theory goes that QE encourages lending by lowering long-term interest rates, thereby reducing borrowing costs for businesses and consumers. But Fisher Investments UK believes QE may actually be more of an economic and investment headwind than tailwind. In this article, we’ll discuss what QE is, how it actually works in practice and what it means for investors today. What is QE and why do central bankers use it?

Fisher Investments UK

Are Equities More Volatile Today Than Ever?

Since the onset of the COVID pandemic, equity investing has been a wild ride. 2020 featured the fastest-ever bear market (a fundamentally driven downturn surpassing approximately -20%) and a similarly swift recovery. As the year went on, investors clamored for big-name initial public offerings (IPOs) and IPOs’ in-vogue cousins, special purpose acquisition companies (SPACs). Top that all off with early 2021’s meme-stock mania and it may seem like the equity market is more volatile now than ever. However, a look at history suggests otherwise. Fisher Investments UK believes long-term investors are better off taking a long-term perspective on volatility and refraining from projecting recent market volatility into the future.

Fisher Investments UK

Why CPI Won’t Reflect Your Cost of Living, According to Fisher Investments UK

Developed nations’ consumer price indexes (CPI, a government-produced measure that tracks price trends) rose sharply in 2021’s first half, especially in early reopening countries like America.[i] That has stirred concerns faster inflation—i.e. prices rising across the economy—is here to stay, amongst financial publications Fisher Investments UK’s research analysts follow. Some consumers’ personal experience may even exaggerate price changes, making them question CPIs’ accuracy. However, as we will explain, CPIs are quite unlikely to closely reflect your personal cost of living—a distinction worth keeping in mind for investors, in our view. CPIs aim to measure the change in prices in a given area over time.

Fisher Investments UK

What Fisher Investments UK Thinks Investors Can Learn From Oil’s Big Swings

A rapid rebound in crude oil prices since last April, the Organization of the Petroleum Exporting Countries (OPEC) cartel’s shifting production plans, Iran’s potential return as a major global supplier—several big oil developments have made headlines recently. That doesn’t surprise us. Events expected to swing oil prices up or down usually spark much attention amongst financial commentators we follow. When prices jump, like they have over the past year, many analysts warn higher energy costs create headwinds for consumers and businesses.[i] In Fisher Investments UK’s view, this is backwards thinking. Our research shows the economy drives oil prices more than oil prices drive the economy. Oil prices can affect the broader economy.

Fisher Investments UK

Why Fisher Investments UK says demographics aren’t destiny for markets

What will the world look like in 2050? Some trends are easy to forecast – like demographics. Based on birth-rate trends and life expectancies, the UN projects the Earth’s population will top 9.7 billion by then.[i] Sociologists who write in publications we follow foresee the vast majority of that population living in urban areas, theoretically requiring a massive increase in electricity generation and other infrastructure. Many demographers we read also see most of that population increase happening in the Southern Hemisphere, with ageing (and eventually shrinking) populations in the north. These predictions all may be interesting from an academic perspective, but, for investors, Fisher Investments UK thinks they are of little use.

Fisher Investments UK

Why getting in early doesn’t always pay in investing, according to Fisher Investments UK

Note: Fisher Investments UK does not make individual security buy and sell recommendations. Any reference to a specific security in the below is solely made to help illustrate a broader theme we wish to highlight. Nothing in the discussion should be construed as a recommendation to take any action with respect to the companies mentioned. One of the most popular topics amongst financial publications Fisher Investments UK’s parent company, Fisher Investments’, research analysts follow: what is the next big investment opportunity? There are seemingly abundant trends featuring potentially promising, high-growth investments, including artificial intelligence, cutting-edge pharmaceuticals and rapidly expanding developing economies.

Fisher Investments UK

Fisher Investments UK: 3 Elements of Your Financial Life to Review Annually

If you’ve taken the important step to improve your financial life by setting goals, establishing a budget and developing a robust, long-term financial plan, you’re already ahead of many people. But, your family’s financial plan could use some regular care and maintenance. You should review some aspects of your financial life at least once a year to determine if you’re still on the path to reach your goals, or if you need a slight course correction. By scheduling a regular assessment of your financial life, you reduce the risk of only reviewing your situation and making financial decisions after things have gone wrong, which could lead to emotionally charged choices that could hamper your chances of reaching your long-term financial goals.

Fisher Investments UK

Why Some Fixed Interest May Still Make Sense, in Fisher Investments UK’s View

Globally, corporate and sovereign debt securities’ yields are historically low—even negative in some countries—hurting fixed interest returns.[i] Furthermore, Fisher Investments UK finds many financial commentators warn those rates are about to rise, and, since yields and debt security prices move inversely, that means investors get little yield for taking the risk of declining prices. That has many commentators in publications we follow asking: Why hold them at all? In our view, fixed interest’s primary purpose in portfolios is to dampen portfolio volatility to mitigate swings for those needing to draw cash flow.

Fisher Investments UK

Why Terrorist Attacks Don’t Terrorise Equity Markets in the Long Run

Terrorism is a real, ever-present risk in the modern world. The recent twentieth anniversary of the 9/11 terrorist attacks reminds us of the tragic human toll and devastating impact to lives, livelihoods and property. While the prospect of a terrorist attack can be emotional and frightening, Fisher Investments UK believes the historical relationship between terrorism and equity markets offers valuable lessons for long-term investors. In particular, the past 20 years have shown that acts of terrorism alone don’t seem to cause lasting market declines. In our view, this is due to equity markets’ ability to focus uniquely on the economic implications of attacks, measure the economic disruption and efficiently price the world’s economic future.

Fisher Investments UK

Why Looking Beyond Short-Term Swings Is Important for Investors

When considering investment risks, in our experience, many investors focus on market volatility (asset price fluctuations)—especially negative swings. Comfort with volatility is indeed an important consideration, in our view. For investors with short-term time horizons—the length of time you need your money to work—a high likelihood of volatility could work against your financial goals. Even for long-term investors, comfort with volatility is key, in our view, as sharp volatility could prompt less disciplined investors to trade at inopportune times. But defining risk as volatility exclusively is too narrow a focus, in Fisher Investments UK’s view—a focus potentially increasing other kinds of investment risk.

Fisher Investments UK

QE Isn’t the Economic Boost Many Believe

Last year, central banks around the world employed quantitative easing (QE) policies to stimulate economic activity following widespread COVID-related economic lockdowns. While these measures improved investor sentiment, QE may not be as helpful to the global economy as central banks intended. The theory goes that QE encourages lending by lowering long-term interest rates, thereby reducing borrowing costs for businesses and consumers. But Fisher Investments UK believes QE may actually be more of an economic and investment headwind than tailwind. In this article, we’ll discuss what QE is, how it actually works in practice and what it means for investors today. What is QE and why do central bankers use it?

Fisher Investments UK

Are Equities More Volatile Today Than Ever?

Since the onset of the COVID pandemic, equity investing has been a wild ride. 2020 featured the fastest-ever bear market (a fundamentally driven downturn surpassing approximately -20%) and a similarly swift recovery. As the year went on, investors clamored for big-name initial public offerings (IPOs) and IPOs’ in-vogue cousins, special purpose acquisition companies (SPACs). Top that all off with early 2021’s meme-stock mania and it may seem like the equity market is more volatile now than ever. However, a look at history suggests otherwise. Fisher Investments UK believes long-term investors are better off taking a long-term perspective on volatility and refraining from projecting recent market volatility into the future.

Fisher Investments UK

Why CPI Won’t Reflect Your Cost of Living, According to Fisher Investments UK

Developed nations’ consumer price indexes (CPI, a government-produced measure that tracks price trends) rose sharply in 2021’s first half, especially in early reopening countries like America.[i] That has stirred concerns faster inflation—i.e. prices rising across the economy—is here to stay, amongst financial publications Fisher Investments UK’s research analysts follow. Some consumers’ personal experience may even exaggerate price changes, making them question CPIs’ accuracy. However, as we will explain, CPIs are quite unlikely to closely reflect your personal cost of living—a distinction worth keeping in mind for investors, in our view. CPIs aim to measure the change in prices in a given area over time.

Fisher Investments UK

What Fisher Investments UK Thinks Investors Can Learn From Oil’s Big Swings

A rapid rebound in crude oil prices since last April, the Organization of the Petroleum Exporting Countries (OPEC) cartel’s shifting production plans, Iran’s potential return as a major global supplier—several big oil developments have made headlines recently. That doesn’t surprise us. Events expected to swing oil prices up or down usually spark much attention amongst financial commentators we follow. When prices jump, like they have over the past year, many analysts warn higher energy costs create headwinds for consumers and businesses.[i] In Fisher Investments UK’s view, this is backwards thinking. Our research shows the economy drives oil prices more than oil prices drive the economy. Oil prices can affect the broader economy.