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All facts and statistics in this issue of
The Investor
are correct at the time of going to press. Cover: Katherine Anne Rose
The information contained within this edition of
The Investor
does not constitute investment advice. It is not intended to state, indicate or imply that
current or past results are indicative of future results or expectations. Full advice should be taken to evaluate the risks, consequences and suitability of
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THE INVESTOR
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03
contents
summer 2017
04
State of the nations
A little over a year after the UK’s EU membership
referendum, and following Theresa May’s snap
general election, are we ready for Brexit?
07
Rising opportunity
Capital Economics’ Senior Japan Economist Marcel
Thieliant explains why Japan’s booming economy may see
the country’s equities outstrip the US this year
10
Retirement revolution
Will increased longevity and changing attitudes see
people adopting a phased retirement over an abrupt stop
at 65? And if so, what are the financial considerations?
12
Global tensions
Economic issues have preoccupied the world over recent
years but there is now a danger, according to George
Magnus, that geopolitical instability is on the horizon
14
Crowd pleasers
With equity crowdfunding proving a popular way for
ambitious businesses to raise money to support their
growth, we look at whether it’s a good move for investors
18
ISAs at 18
The Individual Savings Account turns 18 this year, so we
look back at the evolution of the ISA while comparing the
performance of Cash ISAs versus Stocks & Shares ISAs
20
The Afghan connection
A profile of Dr Sarah Fane, whose charity has been
responsible for building 46 schools in Afghanistan,
helping 75,000 children access education
22
I’m alright, Jack
Many parents have a difficult decision to make about
when and how much money to pass onto their children,
while others feel they don’t need to pass on anything
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
Tye Bousada of EdgePoint Wealth Management
explains the importance of active fund management
38 Insights
Orchard Street Investment Management on why
garden centres are a sound commercial investment
10
07