Welcome to our latest edition of Investment Perspectives. As ever, this issue offers a mix of handpicked examples of our thought leadership alongside our expert opinions on the factors driving investment markets. We hope you enjoy reading it, and would relish the opportunity to discuss these topics in more detail.

In this edition:

• Gilt markets, one year on – what’s changed? Tom Spence shares his observations on how the gilt-market landscape has shifted one year on from 2022’s volatility, and how this has affected pension scheme trustees’ priorities.
• Building narrative-driven climate scenarios. Sanjay Joshi and Mhairi Gooch then consider how we’ve changed our approach to climate scenario modelling, to help investors recognise the systemic nature of climate risk and better understand its inherent uncertainties.
• To BBB or not to BBB? David Watson examines the implications of credit-quality changes in sterling investment grade markets.
• Capital Markets update. Chris Arcari, Head of Capital Markets, presents his views on the recent market volatility and outlook for each key asset class.
• A fireside chat with Ben Farmer. In the second of our 'meet the team' series, we sit down for a chat with Ben Farmer, Senior Investment Consultant.

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