Income Activists


At RLAM, our managers – our ‘Income Activists’ -  are dedicated to identifying sustainable sources of income and uncovering value in often overlooked areas by scrutinising a wider investment universe than many of our peers. In this blog they explore some of the key themes affecting income investors and share their thoughts on how they’ll be navigating various economic and market scenarios.

 

Darren Bustin, Head of Derivatives

SONIA starting to replace LIBOR?

 

Gail Counihan, ESG Analyst and Zilla Chan, Senior Credit Analyst

Energy efficiency is 'business as usual' for responsible landlords

 

Ashley Hamilton Claxton, Head of Responsible Investment

FCA rules for sovereign controlled companies still fall short of expected governance standards

 

Gail Counihan, Responsible Investment Analyst

RLAM participates in historic green infrastructure project

 

Craig Inches, Head of Rates & Cash

Gilt corner: risk returns to markets, but gilts seem immune

 

Ashley Hamilton Claxton, Head of Responsible Investment

Playtech faces shareholder concerns on pay

 

Craig Inches, Head of Rates & Cash

BoE has missed another opportunity to raise rates

 

Matt Franklin, Credit Analyst

ESG: Unlocking the benefits for credit investors

 

Sophie Johnson, Corporate Governance Analyst

Paying for the long-term - Alternative models of pay

 

Rob Williams, Head of Distribution

It's official; responsible investment is not a fad!

 

Craig Inches, Head of Rates & Cash 

Gilt Corner: the Bank risks looking rudderless on rates

 

Ashley Hamilton Claxton, Head of Responsible Investment

Weir tests shareholder mood for simpler pay schemes

 

Craig Inches, Head of Rates & Cash

Gilt corner: when will UK rates next rise? Maybe May, maybe not

 

Azhar Hussain, Head of Global High Yield

Viva l'Italia! - Fixed income markets this week


 

Craig Inches, Head of Rates & Cash

Gilt corner: gilts wax and wane among the geopolitical turmoil

 

Ashley Hamilton Claxton, Head of Responsible Investment

Metro Bank faces shareholder concern ahead of AGM

 

Craig Inches, Head of Rates & Cash 

BoE has missed an opportunity to raise rates

 

Ashley Hamilton Claxton, Head of Responsible Investment

Safestore fails to listen, again

 

Peter Rutter, Head of Equities

Bring social risks into global stock analysis

 

Craig Inches, Head of Short Rates and Cash

Gilt corner: supersized American debt supply & mini-me gilt purchases

 

Ashley Hamilton Claxton, Head of Responsible Investment

Persimmon finally listens to shareholder concerns

 

Martin Cholwill, Senior Fund Manager

Difficult backdrop, but market to grind higher

 

Jonathan Platt, Head of Fixed Income

Bonds face up to stormy conditions: three key trends this week

 

Gail Counihan, Responsible Investment Analyst

Green bonds - still the tip of the iceberg

 

Craig Inches, Head of Short Rates and Cash 

US CPI sends global bond yields spiking higher

 

Craig Inches, Head of Short Rates and Cash 

Gilt corner: rates have been riding a rollercoaster

 

Ashley Hamilton Claxton, Head of Responsible Investment

Capita's board must not repeat the mistakes of the past

 

Martin Foden, Head of Credit Research

Beware the bond egoist!

 

Craig Inches, Head of Short Rates and Cash

Gilt corner: A President in hawk's clothing

   

Sophie Johnson, Corporate Governance Analyst

Changes to the UK Corporate Governance Code

   

Zilla Chan, Senior Credit Analyst, Matthew Franklin, Credit Analyst and Gail Counihan, Sustainable Investment Analyst

Credit risk and energy efficiency in commercial properties

 

Shalin Shah, Senior Fund Manager

Investment toursists and passive mandates

 

Paul Rayner, Head of Government Bonds

Is it the end of the world as we know it?

 

Craig Inches, Head of Short Rates and Cash 

Gilt corner: Policymakers stoke the inflationary fire, the figures offer little fury

 

Mike Fox, Head of Sustainable Investments

The overdue rise of sustainable investing

 

Ashley Hamilton Claxton, Head of Responsible Investment

Resignation of Persimmon Chairman

 

Craig Inches, Head of Short Rates and Cash

Inflation increase sends gilt yields higher

 

Craig Inches, Head of Short Rates and Cash

Gilt corner: forgive me chancellor, for I have sinned

 

Ashley Hamilton Claxton, Head of Responsible Investment

Poor governance at Sports Direct triggers December GM


 

Paul Rayner, Head of Government Bonds

Gilt corner: demand for linkers will continue, regardless of the CPI number

 

Ian Kernohan, Economist

One down, more to come?

 

Trevor Greetham, Head of Multi Asset

Further rate hikes depend on Brexit

 

Ian Kernohan, Economist

Rates could slowly rise after today's hike


 

Paul Rayner, Head of Government Bonds

Gilt corner: seven reasons why the Bank of England might NOT raise interest rates this week

 

Gail Counihan, Responsible Investment Analyst

Is the hype around electric vehicles justified?

 

Paul Rayner, Head of Government Bonds

ECB quantitative easing looks set to continue for some time

 

Craig Inches, Head of Short Rates and Cash

Gilt corner: shouts of 'may'day from the Bank

 

Paul Rayner, Head of Government Bonds

Gilt corner: Dear Phillip...??

 

Ashley Hamilton Claxton, Corporate Governance Manager

Don't deploy emergency floatation devices for Saudi Aramco

 

Victoria McArdle, Sustainable Investment Analyst

Sustainable agriculture - what are investors to do?

   

Craig Inches, Head of Short Rates and Cash

Gilt corner: long-dated gilts are in cloud cuckoo land

 

Gail Counihan, Sustainable Investment Analyst and Martin Foden, Head of Credit Research

Green bonds

 

Henry Lowson, Senior Fund Manager

10 years of small cap investing

 

Martin Cholwill, Senior Fund Manager

Brexit: still weighing on the UK market

 

Craig Inches, Head of Short Rates and Cash

Gilt corner: the calm after the storm

 

Paul Rayner, Head of Government Bonds

Gilt corner: Weathering a stormy week for gilts

 

Craig Inches, Head of Short Rates and Cash

Hawkish BoE sends gilt yields rocketing

 

Shalin Shah, Fund Manager and Matt Franklin, Credit Analyst

Corporate bonds - global credit market opportunities

 

Ashley Hamilton Claxton, Corporate Governance Manager

Sports Direct shows disregard for shareholder views

 

Shalin Shah, Fund Manager and Matt Franklin, Credit Analyst

Corporate bonds - ripe hunting grounds

 

Mike Fox, Head of Sustainable Investments

Any new corporate governance measures must add value 

 

Jonathan Platt, Head of Fixed Income

BATs, Gilts, Sabres and Tesla - Bond markets this week

 

Keith Miller, Senior Fund Manager, Head of Offices

Office Politics: UK property market update

 

Jonathan Platt, Head of Fixed Income

Is it time for the Bank of England to sell corporate bonds back to the market?

 

Craig Inches, Head of Short Rates and Cash

Bond yields drop with ECB doves still in the driving seat

 

Ashley Hamilton Claxton, Corporate Governance Manager

More consultation has kept governance storm in a teacup

 

Steve Bolton, Fund Manager

Artificial Intelligence - winter is going

 

Ashley Hamilton Claxton, Corporate Governance Manager

FCA consultation could reverse progress on shareholder protection

 

Craig Inches, Head of Short Rates and Cash

Bond yields drop as inflation proves a double edged sword for central banks


 

Ashley Hamilton Claxton, Corporate Governance Manager

BT's discretion on pay should reassure investors


 

Ashley Hamilton Claxton, Corporate Governance Manager

Burberry's remuneration issues should have been prevented

 

Jonathan Platt, Head of Fixed Income

Don't bank on a hike just yet

 

Andrew Carter, Chief Executive Officer

FCA study is a sensible way forward

 

Craig Inches, Head of Short Rates and Cash

Borrowing long is going strong

 

Ian Kernohan (Economist), Trevor Greetham (Head of Multi Asset), Jonathan Platt (Head of Fixed Income) and Richard Marwood (UK Growth Fund Manager)

A post election overview of asset markets, portfolio positioning and politics

   

RLAM's UK Equities, Fixed Income, Multi Asset and Property teams

RLAM reflects on the UK election result

 

Martin Cholwill, Senior Fund Manager

Martin Cholwill reacts to the UK election

 

Trevor Greetham, Head of Multi Asset

Pros and cons for markets of a weak and unstable UK government

 

Ashley Hamilton Claxton, Corporate Governance Manager

An Aramco IPO must play by the rules

 

Ashley Hamilton Claxton, Corporate Governance Manager

Investors press WPP to plan for a post-Sorrell future

 

Mike Fox, Head of Sustainable Investments

Q&A - has sustainability been Trumped?

 

Mike Fox, Head of Sustainable Investments

Markets will tackle climate change with or without Trump

 

Paul Rayner, Head of Government Bonds

Expect jitters for gilts ahead of election day

 

Jonathan Platt, Head of Fixed Income

Fixed income outlook

 

Eric Holt, Head of Credit

RL Ethical Bond Fund 10 year anniversary

 

Craig Inches, Head of Short Rates and Cash

UK bonds ride out GDP revisions plus three bond market trends this week

 

Ashley Hamilton Claxton, Corporate Governance Manager

Opaque Glencore must do more

 

Tim Greenway, Property Analyst

The Industrial Revolution: UK property market update

 

Craig Inches, Head of Short Rates and Cash 

Yields slump on worries about Trump

 

Ashley Hamilton Claxton, Corporate Governance Manager

BP Remuneration Committee has led the way

 

Jonathan Platt, Head of Fixed Income

Three bond market trends this week

 

Ashley Hamilton Claxton, Corporate Governance Manager

More action needed to get companies to stop ignoring shareholders

 

Ashley Hamilton Claxton, Corporate Governance Manager

Aggreko feels the pressure

 

Ashley Hamilton Claxton, Corporate Governance Manager

Persimmon starts to address investor concerns on pay

 

Ashley Hamilton Claxton, Corporate Governance Manager

RLAM to oppose Tullow Oil Chairman appointment

 

Ashley Hamilton Claxton, Corporate Governance Manager

Shire has further to go to address governance concerns

 

Craig Inches, Head of Short Rates and Cash

French bonds rally into two horse race

 

Ewan McAlpine, Senior Client Portfolio Manager

Bond market reaction to general election announcement

 

Ashley Hamilton Claxton, Corporate Governance Manager

BP response to shareholder revolt a milestone

 

Ashley Hamilton Claxton, Corporate Governance Manager

BEIS governance suggestions deliver encouraging food for thought

 

Martin Cholwill, Senior Fund Manager and Richard Marwood, Senior Fund Manager

UK Equities: keep calm and carry on compounding

 

Craig Inches, Head of Short Rates and Cash and Paola Binns, Senior Fund Manager

Bonds in 2017: stick or twist?

 

Mike Fox, Head of Sustainable Investment

Rise of the Machines: the Artificial Intelligence Revolution

 

Peter Rutter, Head of Global Equities

Thinking differently in global equities

 

Craig Inches, Head of Short Rates and Cash

Three fixed income trends this week

 

Henry Lowson, Senior Fund Manager

RL UK Smaller Companies Fund: Outlook and approach

 

Craig Inches, Head of Short Rates and Cash and Richard Nelson, Senior Fund Manager

Cash solutions update: March 2017

 

Henry Lowson, Senior Fund Manager

UK Smaller Companies Fund: A new focus

 

Richard Nelson, Senior Fund Manager and Paola Binns, Senior Fund Manager

Questions and answers - short duration bonds, why now?

 

Martin Foden, Head of Credit Research

Finding security in bond markets

 

Richard Nelson, Senior Fund Manager and Paola Binns, Senior Fund Manager

Short duration bonds - why now?

 

Richard Nelson, Senior Fund Manager and Craig Inches, Head of Short Rates and Cash

RLAM cash solutions: Your questions answered

 

Craig Inches, Head of Short Rates and Cash

Three fixed income trends this week

 

Ewan McAlpine, Senior Client Portfolio Manager

Chart in focus: political pervasion

 

Ewan McAlpine, Senior Client Portfolio Manager

Fixed Income Q&A

 

Guy Cornelius, Credit Product Specialist

Kraft Heinz bid for Unilever - is no target too big?

 

Ewan McAlpine, Senior Client Portfolio Manager

Stranger than fiction: Fixed Income markets in 2016 and beyond

 

Martin Cholwill, Senior Fund Manager

UK Equity Income: a view from the top

 

Ian Kernohan, Economist

Inflation rises, but expect no bank action until 2019

 

Martin Cholwill, Senior Fund Manager

Equity income: your questions answered

 

Ian Kernohan, Economist

Beyond "Brexit means Brexit"

 

Ian Kernohan, Economist

Bank of England sensitive to any economic slowdown next year

 

Ian Kernohan, Economist

Fed hikes set to continue

 

Craig Inches, Head of Short Rates and Cash

Finding yield in cash markets

 

Mike Fox, Head of Sustainable Investment

RLAM encouraged by Government's focus on corporate governance

 

Craig Inches, Head of Short Rates and Cash 

Markets need to digest more gilts following Autumn Statement 

 

Ian Kernohan, Economist

Autumn Statement far from UK version of Trumpflation

 

Azhar Hussain, Head of Global High Yield

The impact of the US election for High Yield

 

Jonathan Platt, Head of Fixed Income

US election impact for government and corporate bonds

 

Ian Kernohan, Economist

Economic impact of US election

 

Mike Fox, Head of Sustainable Investment

Post US election global equity outlook

 

Trevor Greetham, Head of Multi Asset

Trump victory an eerie re-run of Brexit

 

Darren Bustin, Head of Derivatives

Bond yields rocket as inflation fears bite

 

Jonathan Platt, Head of Fixed Income

Is credit worth the risk?

 

Jonathan Platt, Head of Fixed Income

Dealing with yields at record low levels

 

Craig Inches, Head of Short Rates and Cash

Government bond investors should think short or think global

 

Paul Rayner, Head of Government Bonds

Reality check: have index linked bonds investors been benefitting from the wrong things?

 

Ian Kernohan, Economist

UK GDP growth revised up

 

Mike Fox, Head of Sustainable Investments

Executive pay investigation could deliver wrong answers to right questions

 

Ian Kernohan, Economist

Expect another rate cut in November

 

Martin Cholwill, Senior Fund Manager

Competing for cash: why are companies cutting their dividends and should investors be worried?

 

Jonathan Platt, Head of Fixed Income

Bank of England quantitative easing a missed opportunity

 

Ian Kernohan, Economist

Eurozone has dodged 'Brexit' bullet so far

 

Ian Kernohan, Economist

Bank of England could cut rates again this year

 

Ian Kernohan, Economist

ISM Services index disappoints

 

Ian Kernohan, Economist

Fed running out of time to shift expectations for a September rate hike

 

Ian Kernohan, Economist

PMIs appear to have over reacted to 'Brexit'

 

 

Mike Fox, Head of Sustainable Investments

Annual binding votes could force shareholders to think shorter term

 

Jonathan Platt, Head of Fixed Income

Fixed income August update

 

Ian Kernohan, Economist

Fed rethink?

 

Ian Kernohan, Economist

'Brexit' update

 

Nick Woodward, Head of Liability Driven Investments

Bank of England delivers a further poisoned chalice to UK pensions

 

Darren Bustin, Head of Derivatives

Quantitative easing falls short - what next for the Bank of England?

 

Ian Kernohan, Economist

Strong US data but no rush to hike rates

 

Nick Woodward, Head of Liability Driven Investments

Impact of BoE decision on pension schemes

 

Ian Kernohan, Economist

Summary of today's BoE action

 

Darren Bustin, Head of Derivatives

Monetary policy is running out of steam

 

Ian Kernohan, Economist

BoE pessimistic on outlook for UK economy

 

Martin Cholwill, Senior UK equity Fund manager

Reflections on base rate cut

 

Jonathan Platt, Head of Fixed Income

Sector classifications and investment approach

 

Azhar Hussain, Head of Global High Yield

'Trisky business'

 

Richard Marwood, Senior Fund Manager

Brexit impact unclear following flurry of corporate results

 

Darren Bustin, Head of Derivatives

Expect forceful action from Bank of England in August

 

Ian Kernohan, Economist

Carney signals Summer rate cut

 

Jonathan Platt, Head of Fixed Income

Post Brexit portfolio positioning - credit strategies

 

Paola Binns, Senior Fund Manager

Sterling Credit Fund - post Brexit comment

 

Derek Mitchell, Senior Fund Manager

RL UK Mid Cap Growth Fund - post Brexit comment

 

Martin Cholwill, Senior Fund Manager

UK Equity Income Fund - Post Brext comment

 

Ian Kernohan, Economist

Post Brexit changes to economic base case

 

Azhar Hussain, Head of Global High Yield

Brexit comment - high yield impact

 

Jonathan Platt, Head of Fixed Income

Fixed income market reaction

 

Eric Holt, Head of Credit

Brexit - credit comment

 

Darren Bustin, Head of Derivatives

Absolute return and Brexit impact

 

Greg Miller, Senior Fund Manager

Brexit impact on Cash

 

Paul Rayner, Head of Government Bonds

Brexit impact on government and index linked government bonds

 

Shalin Shah, Fund manager

Post Brexit fund positioning

 

Ian Kernohan, Economist

The world moves to 'Plan B'

 

Ewan McAlpine, Senior Client Portfolio Manager

Brexit reaction - fixed income

 

Richard Marwood, UK equity Senior Fund manager

Brexit reaction - UK equities

 

Trevor Greetham, Head of Multi Asset

Brexit won't be the end of political risk for investors

 

Ian Kernohan, Economist

Fed keeps options open for July

 

Trevor Greetham, Head of Multi Asset

UK Housing market weakened by EU referendum uncertainty

 

Ian Kernohan, Economist

Markets expect Federal Reserve to raise rates in July

 

Jonathan Platt, Head of Fixed Income

Is monetary policy exhausted?

 

Ian Kernohan, Economist

Referendum is the big known unknown for Bank of England

The articles on this page are for professional customers only. The views expressed are the author’s own and do not constitute investment advice.

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