L&G Talks Asset Management
L&G
What does a changing world mean for my portfolio? Which asset classes are undervalued? Will declining demographics affect my investments? From L&G’s Asset Management division, we bring you conversations about the global economy and how professional investors can take advantage of these opportunities.
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom.
From Trump's tariffs to irrational investors, L&G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions.
To find out more, visit https://am.landg.com/en-uk/institutional/insights/
L&G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans.
This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&G. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
We'll be talking to fund managers, analysts, industry experts and more to discuss the latest market and political developments, their most exciting asset allocation ideas and how they're optimising portfolios for market booms and economic gloom.
From Trump's tariffs to irrational investors, L&G Talks Asset Management dives into the world of asset management and brings you our most compelling thoughts to help you make informed investment decisions.
To find out more, visit https://am.landg.com/en-uk/institutional/insights/
L&G has been helping customers since 1836. A founding member of the Financial Times Stock Exchange (FTSE) 100 index, L&G is one of the UK's leading financial services companies serving UK customers for our life assurance, pensions, investments and general insurance plans.
This podcast is intended for investment professionals, and shouldn't be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in L&G investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of L&G. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.
Episodes
Mentioned books
Apr 20, 2023 • 32min
264: Exploring emerging markets – the CIO call
For this month’s call, CIO Sonja Laud is joined by two experts for an in-depth discussion on emerging market debt and equities. As the growth differential between emerging market and developed market economies stands at its highest level for ten years, the panel also discusses the need for investors to focus on the structural implications of the rapid shift in wealth from the West to the East.
Sonja is joined by Erik Leuth, Global Emerging Economist and Uday Patnaik, Head of Emerging Market Debt. Other topics covered by the panel include:
A belief that equity markets, in particular, are too resilient given that recent banking stress has still to impact the real economy
Why portfolio allocations to emerging markets are still small relative to the size of their underlying economies
The impact of a potentially weaker US dollar on EM currencies
This podcast is moderated by Frances Watson, Content Manager.
All data is sourced from Bloomberg unless otherwise stated.
For professional investors only. Capital at risk.
Apr 13, 2023 • 17min
263: US employment, China credit and gold – Market Talk
What are the latest jobs data telling us about the state of the US economy? How will US core inflation numbers shape Fed thinking? What’s behind the recent uptick in China’s credit growth? And why is the price of gold within touching distance of a new high? Ben Bennett explains all.
All data sourced from Eikon as at 11 April 2023 unless otherwise stated. This episode was recorded before the release of US core CPI numbers.
This episode is hosted by Frances Watson, Content Manager.
For professional investors only. Capital at risk.
Apr 5, 2023 • 12min
262: What does the term ‘buyout’ actually mean?
With the backdrop of rising interest rates leading to lower pension scheme liabilities on average, many schemes have seen their funding positions improve steadily in recent years. As a result, we are hearing increasing talk of the terms ‘buyout’ and ‘buy-in’ in the world of defined benefit pensions.
But what do these terms really mean? And how can schemes prepare for buyout? Lisa Purdy, LGIM’s Head of Pooled Solutions, explains all.
For listeners who would like to read more on the subject, please see the following pages on our website:
https://www.legalandgeneral.com/institutional/pension-risk-transfer/what-we-offer/buyout/
https://www.legalandgeneral.com/institutional/pension-risk-transfer/what-we-offer/buy-in/
This podcast was recorded on 21 March 2023 and is hosted by Anthony Penson, Institutional Content Manager.
For professional investors only. Capital at risk.
Mar 28, 2023 • 24min
261: Central banks, jittery markets and climate scenarios – the CIO call
After two unscheduled CIO calls on developments in the banking sector, we return with a regular episode to take stock of the investment landscape, with a focus on the interplay between policymaking, economic growth and market pricing.
During the call, which is hosted by LGIM’s CIO, Sonja laud, we also touch on an important piece of proprietary research into long-term climate scenarios – and what they mean for investors.
Sonja is joined by Nick Stansbury, Head of Climate Solutions, and James Carrick, Global Economist. Other topics covered by the panel include:
How banking sector stress might feed into the real economy – and policymaking
The mismatch in signals being sent by equity and bond markets
How investors can support a ‘just’ energy transition
What to expect next from the Bank of England
The podcast was recorded on 28 March and is moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
Mar 24, 2023 • 18min
260: A balanced view of banking developments – Market Talk
The last couple of weeks have seen investor nerves somewhat shredded. But why have equities proved more resilient than credit? And have central bankers done enough to restore confidence in the banking system, or will there be more casualties to come? Ben Bennett calmy outlines his thoughts.
This episode is hosted by Frances Watson, Content Manager.
All data is sourced from Eikon as at 23 March 2023 unless otherwise stated.
For professional investors only. Capital at risk.
Mar 21, 2023 • 36min
259: Banks, bondholders and the macro outlook
We’ve held a second live webinar to discuss ongoing pressure on banks worldwide, underscored by the takeover of Credit Suisse* by UBS, which raises questions about the health of the sector, the treatment of bondholders and the global economic outlook.
This episode is a recording of that webinar with our clients, which took place on 17 March and was hosted by Sonja Laud, LGIM’s Chief Investment Officer.
Sonja was joined by Colin Reedie, Head of Active Strategies; Christopher Jeffery, Head of Rates & Inflation Strategy; Dan Lustig, Senior Credit Analyst; and Tim Drayson, Head of Economics.
The webinar was moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.
*For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Mar 17, 2023 • 46min
258: Banking sector stress – what do investors need to know?
We’ve held a special live webinar with our clients to discuss the pressure on the global banking sector – and on European lenders in particular – following the closure of SVB, the biggest US bank failure since 2008.This episode is a recording of that webinar, which was hosted by Sonja Laud, LGIM’s Chief Investment Officer, on 17 March.Sonja was joined by Colin Reedie, Head of Active Strategies; Christopher Jeffery, Head of Rates & Inflation Strategy; and Dan Lustig, Senior Credit Analyst. Among other things, the panel discussed:
Whether the challenges faced by Credit Suisse* are idiosyncratic or systemic
How this volatility might affect the overall market outlook
What it means for monetary policy
How we at LGIM are positioning
The webinar was moderated by Max Julius, Head of Content.
Follow us on LinkedIn and Twitter for our latest updates and discover the LGIM Blog for more insights from our investment team. Never miss another episode of LGIM Talks: hit subscribe in your Apple Podcasts, Spotify app or wherever you listen to podcasts.
For professional investors only. Capital at risk.*For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The above information does not constitute a recommendation to buy or sell any security.
Mar 16, 2023 • 13min
257: Blog on the pod: how the market found a home for orphan drugs
Innovative treatments are needed for those affected by rare conditions, but how do the economics stack up given the huge costs involved? Elisa Piscopiello, ETF Analyst at LGIM, explains how government incentives are helping to finance the development of life-changing medicines.
This podcast is hosted by Harry Brooks, Content Manager.
All data is from Eikon as at 28 February 2023 unless otherwise stated.
For professional investors only. Capital at risk.
Mar 8, 2023 • 17min
256: Curve inversion, credit and China
With inflation as sticky as it is, bond yields are on the rise. But why isn’t credit following suit? And is China’s growth forecast for 2023 enough to avoid a potential worldwide recession? Ben Bennett explains all.This podcast is hosted by Frances Watson, Content Manager, and was recorded before Jay Powell’s congressional testimony. All data is from Eikon as at 07 March 2023 unless otherwise stated. For professional investors only. Capital at risk.
Mar 2, 2023 • 22min
255: Japan – dancing to a different tune?
While Western economies continue to keep interest rates at elevated levels, it seems Japan’s fiscal expansion knows no bounds. So what’s behind the country’s fiscal largesse and what effect may this have on its consumers and company earnings? Chris Teschmacher, Fund Manager on the Asset Allocation team, gives us his take on all things Japanese.
This episode is hosted by Frances Watson, Content Manager.
All figures are from Bloomberg as at 28 February 2023, unless otherwise stated.
For professional investors only. Capital at risk.
