At GMO, we have always defined a bubble as a two-standard deviation divergence of the price of any asset class above its long-term real price trend. The U.S. stock market has now been in bubble territory for a prolonged period. Sooner or later, the bubble will burst, and the price will return to its historic […]
Extreme bubble, new golden era, or both Read More »
By JEFF PRESTRIDGE, MONEY EDITOR AT LARGE Updated: 21:50 GMT, 28 February 2026 Investment fund Jupiter UK Dynamic Equity has undergone a transformation in the past 16 months. A new manager has been installed and the fund’s name has changed from Jupiter UK Special Situations. Although it’s still early days, the changes have been for
Jupiter is the fund that transforms companies, then waits for their shares to rise Read More »
Dependable earnings growth is a core characteristic of the high-quality listed infrastructure companies in which we invest. Throughout past cycles we have seen consistent, solid returns. Given the earnings profile, operating models and potential for inflation protection that underpin these companies’ assets, we expect this to continue. Moreover, we see sustained annual returns of CPI
What investors should expect when investing in infrastructure: yield Read More »
Rufus Hound is an actor, comedian and presenter, writes York Membery. He was a regular panellist on the ITV show Celebrity Juice and won the 2013 Strictly Come Dancing Christmas Special. The 46-year-old, who lives in London, got engaged to actress Sally Hodgkiss in 2024. He has two teenage children with his ex-wife, Beth. What
RUFUS HOUND: I’m as astute as the PG Tips chimp when it comes to money! Read More »
In a recent email to his Wall Street Journal readers, Jason Zweig posed multiple-choice questions. The answers would provide investors with lessons. The first started with a lead-in, asking readers to remember all those headlines about the US stock market being super concentrated in the ‘Magnificent Seven’, then he posed the question, “The S&P 500
Picking the next sector winner Read More »
The UK stock market is on a roll. Despite all the gloom and doom on the employment front, and an inept government in charge of the nation’s tiller, the FTSE100 Index – comprising the biggest listed companies in the country – is roaring away like a late winter fire. With inflation creeping down towards 2
Following two decades of ‘low-inflation’ in the 2000s and 2010s, inflation spiked up suddenly in 2021 after the Covid lockdowns unleashed a fiscal and monetary flood of cheap money. The ‘return’ of inflation in 2021 awakened a sudden resurgence in interest in the implications of inflation for investors. Over the past couple of years, I
Inflation is the biggest destroyer of wealth Read More »
There are now as many as 739,000 people aged 16 to 24 who can’t find employment – up 100,000 in just the past year. Even the household of the Bank of England’s chief economist Huw Pill is not immune to the difficulties. Last week he told the Treasury Select Committee: ‘I very much share your
Many people are encouraged to think that their super fund is much like a bank, where they deposit money, earn interest and draw the money out when they retire. That is a mistake because super funds are nothing like banks. A super fund is structured as a trust. A trust is legal entity that means
Is it really ‘your’ super fund? Read More »
Growing up in the East End, Susan Langley never dreamt she would one day live in the grandeur of Mansion House, ride in a golden coach or entertain the world’s dignitaries dressed in regalia of gold, diamonds and ermine. Dame Susan, as she has become, does all of this and more in her job as
Susan Langley is the East End girl in the Mansion House Read More »
