Cash from chaos: How to put your money to work

Added 16th March 2017

Market uncertainty is making it tough to make the right calls, but investors are keener than ever to put their money to work. Portfolio Adviser's Guernsey roundtable discussed the issues.

Cash from chaos: How to put your money to work

Gary Corcoran, Last Word (GC): How confident are you and your clients given the ‘uncertain’ investment outlook right now?

Gemma Watson, Credit Suisse (GW): Our clients were all quite driven come January and many had cash on the sidelines at the end of last year as well. Right now, they are nervous they have missed out because although last year felt horrendous, the numbers were not bad.

Mark Piper, Canaccord Genuity (MP): We saw a pick-up in interest and activity after the first quarter of 2016, partly as people holding on to cash wanted to do something with it. You would think the political uncertainty would force people to sit back and do nothing but, perversely, it seemed to create an incentive.

Bob Tannahill, Ravenscroft (BT): In terms of our positioning, we vary our net risk position, how aggressively we are positioned and, for us, that is driven by valuations. Wherever we seem to look, valuations are not great.

We were towards the upper end of our equity ranges across all of our strategies around 18 months ago. We have moved to a more neutral stance since, as valuations still seem slightly elevated in some areas.

Shaun McDade, MitonOptimal (SM): Six-to-nine months ago, there was a lot of talk about a China-driven global recession, possibly even a global financial crisis 2.0, and that has largely gone away. The general economic view is more glass half full, than glass half empty. But, given there are no bargains out there, you would say equities are the wrong side of fair value but are not at a market cycle peak.

‘Everything is about alright’ does not create headlines or sell newspapers, but it feels to me that is where we are.

MP: A year ago, we were very worried about deflation and its consequences to the global economy. Commodity prices were tumbling aggressively and we wondered what was going on with China and a potential economic collapse. One year on, we are thinking about a breakaway inflation problem in the US. That is a big change.




Portfolio Adviser: Guide to Europe

Portfolio Adviser: Guide to Europe

After a politically turbulent time in 2016, Europe has been under scrutiny with several nations going to the polls.The question asked, would investors be right to...

Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

AXA Distribution Fund
AXA Distribution Fund

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Gary Corcoran


Portfolio Adviser & International Adviser

Gary Corcoran is the editorial director for Portfolio Adviser, International Adviser and Fund Selector Asia. He is also programme director and chairman for events hosted across the UK, South Africa, Middle East and Asia. Gary joined Last Word Media in August 2006 as the launch editor of Portfolio Adviser, having previously worked at Bacon & Woodrow, Legal & General, FT Business and MSM International.



Investment Strategy




PA Income 2017
PA Income 2017

Tuesday 4 July
Radisson Blu Edwardian Bloomsbury Street Hotel 

PA Edinburgh 2017
PA Edinburgh 2017

Thursday 7 September
Balmoral Hotel

PA Alternatives 2017
PA Alternatives 2017

Tuesday 12 September
Radisson Blu Edwardian Bloomsbury Street Hotel

PA Dublin October 2017
PA Dublin October 2017

Tuesday 10 October
Westbury Hotel, Dublin

Sponsored Content