In this latest Working Lunch from Professional Adviser, Matthew Spencer, head of UK retail at Orbis, discusses issues including tackling concentration risk in portfolios, the impact of Trump 2.0 and the opportunity set in the UK.
During this digital event, Orbis explains why investing involves taking risks—but not blindly. In financial markets, prices move daily, and higher prices both increase risk and raise the bar for further returns. The group argues that in the real world, some risks are costly to protect against, and some offer little compensation for sticking your neck out. But others are underappreciated, providing opportunities to generate attractive returns and mitigate risk at the same time.
As Orbis looks at the world, it sees a few risks that offer both pitfalls and potential returns for investors: energy infrastructure, chip scarcity, and ongoing government deficits.
Against a backdrop of high stock market valuations and high apparent faith in central banks, these risks point to a cautious outlook for broad markets, particularly if inflation proves sticky. But for a bottom-up investor, these same risks offer attractive pockets of opportunity.
Please enjoy the webinar below.
