Investment Report Archives - Troy Asset Management

Investment Report No.86

9th October 2025 marked 25 years since the establishment of Troy. It has been quite a journey, beginning in the shadow of the dotcom boom and the ensuing equity bear market from 2001-2003. Remarkably, a quarter of a century on, markets appear once again suspended between promise and speculation.

10 mins

Investment Report No.85

In the world of financial markets, where a tendency towards complexity and intellectual cartwheels often obfuscates simple truths, it can be clarifying to speak to someone one step removed.

12 mins

Investment Report No.84

So-called ‘Liberation Day’ on 2nd April saw a continuation of the predictable unpredictability characteristic of Donald Trump.

10 mins

Investment Report No.83

History in the making As events unfold, it can be difficult to parse out what will make it…

10 mins

Investment Report No.82

The late, great Paul Volcker, the towering former Federal Reserve chair, said in 2009 that “the ATM has been the only useful innovation in banking for the past 20 years”. At Troy, we agree with the sentiment that most complex investment bank products are not good for customers.

9 mins

Investment Report No.81

As a politics graduate, I have a disproportionate interest in the subject. I also recognise the distraction that political outcomes pose to investors, often adding mere noise, to be ignored, if we are to succeed.

8 mins

Investment Report No.80

There is nothing wrong with admitting that you don’t know something. What makes investing so fascinating and sometimes frustrating is not knowing all the answers. Explaining market movements is never simple.

9 mins

Investment Report No. 79

After a very different sort of year in 2022, much of the market was caught off guard in 2023 by a showstopping performance from the share prices of a handful of technology companies.

5 mins

Investment Report No.78

In September, the yield on the 10-year US Treasury bond reached 4.8%, its highest level since 2007. This coincided with, or rather precipitated, weakness across asset classes.

5 mins