The Investment Perspective, with Ninety One

The sudden escalation in the Middle East has jolted global markets, reversing expectations for lower inflation and rate cuts almost overnight. Malcolm Charles explains why this is more than a passing shock, how portfolios are being repositioned for a more uncertain world, and why caution rather than conviction is guiding investment decisions right now. Hosted on Acast. See acast.com/privacy for more information.

In a market where gold no longer behaves like a safe haven and oil is rewriting the rules, investors are being forced to rethink old assumptions. George Chevely unpacks the dynamics across precious and industrial metals, and explains why energy, not gold, may now be the dominant force shaping returns. Hosted on Acast. See acast.com/privacy for more information.

Just as central banks looked set on a path to easier policy, geopolitics has thrown a wrench into the plan. With conflict in the Middle East driving energy prices higher and clouding the inflation outlook, Jason Borbora-Sheen explains why rate cuts are being repriced, why different central banks will respond differently, and why, despite all the noise, markets have remained surprisingly resilient. Hosted on Acast. See acast.com/privacy for more information.

Oil markets have been jolted by a sharp escalation in the Middle East, pushing prices higher and disrupting flows through the vital Straits of Hormuz. Paul Gooden explains how the effective closure of this key route is squeezing global supply, driving volatility across energy markets. With outcomes ranging from a temporary spike to a more sustained period of higher prices, inventories, demand destruction and geopolitics will ultimately determine where oil settles. Hosted on Acast. See acast.com/privacy for more information.

After more than 25 years running the Ninety One Value Fund, John Biccard has learned that successful investing often means enduring periods of discomfort. Value investing requires buying what others dislike and waiting patiently for the cycle to turn. In this conversation, Biccard explains why geopolitical shocks and market noise rarely change the long-term investment case and why some of today’s most out-of-favour sectors could become tomorrow’s winners. Hosted on Acast. See acast.com/privacy for more information.