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The Investor
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The Investor
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THE INVESTOR
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03
contents
spring 2017
04
News
A round-up of the key points from Philip Hammond’s
March Budget, along with details of a new
St. James’s Place estate administration service
06
Facing the EU future
As significant national elections take place across
Europe, the
Financial Times
’ Frederick Studemann
wonders whether the EU will reform – or break up
09
Brexit
Following last year’s referendum and the triggering
of Article 50 in March, we look at which sectors the
UK will focus on to drive growth post-Brexit
12
From small acorns
With attitudes towards money formed at a young
age, it is vital that young people are given the
encouragement to start saving early
14
Blue-sky thinking
Air travel may be heading supersonic again as a number
of companies look to bring ultra-fast flights back into
operation more than a decade after Concorde’s last flight
17
Gene genies
With support from private sector investors, the UK is
leading the way in cell therapy – an area of science
believed to hold potential cures for numerous diseases
20
Building a solid Foundation
As the St. James’s Place Foundation marks 25 years since
it was founded, having raised more than £50 million,
we look at some of the good causes it has helped
24
Inflation returns
Economist David Smith shares his analysis of the
UK’s inflation figures and considers whether recent rises
are a one-off or the new norm
THE INVESTOR CENTRE
26 The quarterly report
An overview of recent market performance over
the past three months
28 Portfolio overviews
Performance analysis for our range of Growth
and Income Portfolios
34 Portfolio analysis
All the latest fund and asset allocation data from
across our Portfolios
36 Viewpoint
First State Stewart Asia’s Alistair Thompson talks
about his investment approach
38 Insights
We look at the importance of starting valuations
in long-term stock market returns
06
20