The Investment Perspective, with Ninety One

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.

The military build-up signalled it was coming, and now markets must grapple with the fallout. As conflict in the Middle East escalates, energy prices jumped, bond yields backed up and investors are reassessing risk. John Stopford explores why spiking oil matters for inflation and monetary policy, how markets typically absorb geopolitical shocks, and why a defensive starting position may create opportunities as volatility unfolds. Hosted on Acast. See acast.com/privacy for more information.

After a year in which tariffs failed to ignite inflation and both bonds and equities surprised on the upside, investors are reassessing the outlook. With global growth resilient, inflation cooling and the dollar gradually weakening, David Knee explains why the “Goldilocks” backdrop still supports risk assets. The real challenge for 2026 may not be that conditions are perfect but recognising that – for now – they’re good enough. Hosted on Acast. See acast.com/privacy for more information.