Professional Adviser is pleased to invite advisers to sign up for the latest in our 2025 digital working lunch series, which will take place on Wednesday with Orbis.
On Wednesday 22 January, Orbis head of retail UK Matthew Spencer will be hosting a session titled ‘Risk and return from the bottom up'.
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. 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.
Orbis 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.
Following the session, attendees will be able to:
- Understand how the semiconductor ecosystem works and why energy is an important consideration for chip manufacturers
- Explain how the energy system works and which companies are likely to benefit from the energy transition
- What impact do government deficits have on opportunities within stock and bond markets
- Understand how inflation affects multi-asset portfolios and inflation-resilient assets
The one-hour session will kick off at 1pm on Wednesday.
