Portfolio Update – Tactical Asset Allocation Changes.

Portfolio Updates: Tactical Asset Allocation (TAA) changes and Manager allocation changes Following the January Quarterly Asset Allocation meeting, several adjustments have been made to portfolios. The general themes are that we have reduced the underweight to growth...

TPG Telecom – Game of Phones

The stock in focus this month is TPG Telecom (TPM). One of the key sources of outperformance for investment managers is identifying and investing in companies exposed to positive long term thematics. In recent times, two broad investment thematics have been...

Why Operating Leverage Matters

While positive on the global growth outlook, given financial and political challenges coupled with valuations at the upper end of historic trading ranges, investors should take the time to understand the cost structures of the companies they own. Operating leverage,...

New (tax) year, new opportunities – five changes worth considering

It’s a new tax year – the arrival of the 2018/19 tax year brings with it many financial opportunities. Elston experts have focused on five of the best and explain how you can take advantage of them. The arrival of the 2018/19 financial year has brought with it some...