Keeping your swimmers on

This issue looks at the Bessembinder study that shows that half of the shareholder value created in the US from 1926 to 2019 came from only 80 out of more than 25,000 companies. Do you aim to shoot the lights out by trying to pick the 80 stocks, or make sure you capture the market premium (and own all 80 of the future winners) by owning the market in its entirety? We use our multi-manager comparison tool and the SPIVA report to make our case for the latter.

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Acuity2026: Looking backwards and forwardsIn this issue, we reflect briefly on 2025, focusing on several themes frequently raised by investors - most notably around the notion of an AI 'bubble'. The article places the past year's market returns within a longer term historical context.

AcuityThe balancing actThis issue looks at how the mix between bonds and stocks shapes long term outcomes. Using data from February 1979 to November 2025, the chart shows best, worst and average annual returns for portfolios ranging from 100% bonds to 100% stocks. Too little stock market risk and your portfolio may strugg

AcuityINSIGHT: Currency risk through a long term lensFollowing the previous issue’s long-term view on markets, this issue applies the same lens to currency risk, examining the recent depreciation of the US dollar and what it means for globally diversified. Using a simple worked example and historical data, it highlights why currency fluctuations - whi

Keeping your swimmers on

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