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Allocators looking at UK equities once again

Allocators looking at UK equities once again
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James Burns: We don't regret ill-timed gold trade


James Burns: We don’t regret ill-timed gold trade
Smith & Williamson MPS co-head says the precious metal ‘was never going to be a six-month trade’
At the start of the year, Smith & Williamson (S&W) added gold to its model portfolios on the basis that inflation was likely to move higher over the medium term. While admitting the timing of the trade could have been better, James Burns (pictured), co-head of the firm’s model portfolio service (MPS), says it was done with a long-term view.  
“It’s obviously not been a fantastic investment so far,” says Burns. “But, like a lot of the themes in the portfolio, it’s in there for the longer term; it was never going to be a six-month trade.”   ....

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How Luxury Travel Is Leading the Recovery


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The managers of Aethos Corsica weren’t sure what to expect when debuting their nine-suite boutique hotel this month. Pandemic restrictions in many countries had quelled immediate international travel. But the owners needn’t have wondered.
“We’ve been experiencing a tremendous increase in bookings recently especially for our larger suites,” said Ariane Chapot, the general manager of the refurbished 17th-century
palazzu on the French island.
The good days appear to be coming for many travel brands that woo high-income leisure travelers. In the U.S., for example, Google search interest in the phrase “luxury hotels” is at its highest since before 2006. Signs are surely pointing to luxury travel being one of the quickest slices of the travel sector to rebound from the pandemic. ....

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