Shaun is the chief investment officer at Nutmeg. He has over 25 years’ experience developing and implementing investment strategies for clients ranging from central banks to pension schemes to charities and private individuals. Shaun holds a degree in Mathematical Economics from the University of Birmingham and is a Chartered Alternative Investment Analyst. He can be found tweeting @ShaunPort.
Our commitment to transparency
3 July 2019|1 min
You may be following the story of the suspended Woodford Equity Income Fund. As expected, the fund is not yet ready to reopen, which means investors still cannot get their money back. We think the fiasco reveals many things that are wrong with the traditional fund management industry. One of them is that investors in funds such as Woodford’s are often not told exactly what they are really invested in or whether those holdings are liquid (in other words, whether the holdings are easy to buy and sell).
Woodford investors expect their money back in July – they are unlikely to get it
27 June 2019|4 min
Investors in the suspended Woodford Equity Income Fund are hoping it will reopen and that everyone who wants their money back will get it straight away. Unfortunately, we doubt that will happen. Moreover, we would argue that the fund . Here’s why.
After a turbulent May, are equities cheap?
13 June 2019|3 min
A revival of trade tensions between the US and China unnerved investors and prompted selloffs in stock markets in May. Some equity investors suffered losses that offset or even exceeded the gains made during a rally in the first quarter. Though this is bad news for those who have lost money, some new investors might see this month as a chance to buy stocks at attractive prices. Are equities cheap? Let’s look at the evidence.
Active funds: ‘Facts’ vs the evidence
26 April 2019|7 min
There is a battle raging in the fund management industry. Active fund managers, those that pick individual securities in an aim to beat the market , like the UK stock market, are at war with the ‘passive’ fund industry. Passive funds use rules-based systems to invest, such as weighting the amount held in each company based on its size, usually at an incredibly low cost. In recent years, money has been flowing out of active funds and into passive funds, nevertheless the amount of money held in active funds is still many times greater than in passive funds – about seven times greater in the UK retail fund industry for instance .
What are share dividends and why do they matter?
22 February 2019|3 min
In short, dividends reward shareholders by giving them a cut of the company’s profits. But there’s more to it than that. They can be of great benefit to portfolios in the long-term, especially when re-invested – that’s why they form a crucial part of our investment management strategy at Nutmeg.
Targeting high dividends: common sense or flawed promise?
22 February 2019|3 min
UK income funds remain very popular with UK retail investors. These funds aim to produce a yield higher than the broad UK equity market. Given the very low rate of interest paid on cash – the average ISA cash rate was just 0.92% in January¹ – this isn’t very surprising. Of the total amount invested in retail UK equity funds, 30% is invested in funds targeting income².
Living ethically, investing ethically – only a fifth match their investments to their lifestyle choices
22 February 2019|2 min
Whether it’s recycling, cutting our energy use at home, or changing the way we eat and drink, the majority of Brits say they are choosing more sustainable and ethical lifestyles these days.
Nutmeg investor update: January 2019
11 January 2019|5 min
December was difficult for equity markets, as noise around President Trump’s policies at home and abroad stoked investor fears. A Boxing Day rally helped reinforce a broader calming effect, but for 2019, the big message for investors is to become accustomed to volatility – it’s normal and it’s here to stay.
How investing with hindsight could have worked in 2018
9 January 2019|3 min
John Authers, formerly of the Financial Times but now at Bloomberg, conducts an annual assessment of what investment strategy would have worked in the past year, for the fictitious hedge fund ‘Hindsight Capital’ employing something we might all wish we could use to make decisions – perfect hindsight. Here’s how it panned out for 2018.