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Bonds - no pain, no gain

This issue seeks to put the small losses seen on shorter-dated high quality bonds in 2022 in a more positive light. Higher yields actually mean better longer-term returns for bond holders. In addition, steep yield curves in some markets provide the prospect - but no guarantee - of incremental 'roll down' returns. These small losses should be seen in the context of other longer-dated and lower quality bonds that have delivered materially worse outcomes in 2022.

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2026: Looking backwards and forwardsAcuity2026: 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.
The balancing actAcuityThe 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
INSIGHT: Currency risk through a long term lensAcuityINSIGHT: 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
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Barnett Ravenscroft Wealth Management is a trading name of Barnett Ravenscroft Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority and is Registered in England No. 4013532