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THE INVESTOR
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03
contents
autumn 2017
04
Only the beginning
Angela Merkel secured another term as German
Chancellor in September; but the relatively narrow
margin of victory has created uncertainty
07
Where to, sir?
The future of driving is not driving, it would seem. As
the technology for autonomous, self-driving vehicles
advances, how will traditional manufacturers adapt?
10
Look to the future
As the UK faces a crisis around how to pay for long-
term care for its ageing population, what steps can
individuals take to protect their lifestyle in old age?
12
Derivatives, diaries and daughters
The
Financial Times
’ New York-based Managing Editor
Gillian Tett explains how she was able to predict
the 2008 financial crisis
14
A fine balance
Research suggests that behavioural traits can lead
individuals to make illogical investment decisions; being
aware of these traits will help you avoid the pitfalls
16
India rising: a work in progress
After three years under the leadership of Narendra Modi,
India’s economy has flourished; but Brian Groom believes
there are underlying issues still to be resolved
20
Pensions: which way next?
Changes to pension rules by the government have
benefited some, while being to the detriment of others:
Faith Glasgow picks her way through the minefield
22
The butterfly effect
While philanthropy may seem to be a relatively
straightforward act of giving, it’s possible to make your gift
work harder; both for good causes and for yourself
THE INVESTOR CENTRE
26 The quarterly report
A review of market performance over the
past three months
28 Viewpoint
Richard Colwell of Columbia Threadneedle
Investments on the benefits of active fund managers
30 Portfolio overviews
A report on our range of Growth and Income
Portfolios
36 Portfolio analysis
All the latest fund and asset allocation data from
across our Portfolios
38 Insights
George Luckraft reflects on 10 tumultuous years
in investment markets
07
16