FundCalibre - Investing on the go

Hosted by FundCalibre

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Episodes

412

Latest episode

Oct 2026

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About the show

Investing on the go gives you direct access to the people who manage your ISA and pensions savings. Our hosts will be interviewing finance professionals on everything from their successes and failures to current ideas and insights. At meetings, before events and even if we bump into them on the street, we'll grab five minutes with these experts to discuss how your own personal finances could be impacted by topics such as US elections, the move from petrol to electric vehicles, the growth in artificial intelligence and robots, and so much more. Our ultimate goal is to bring to life the world of investments and uncover new and exciting opportunities, all while inspiring you to invest and giving you the confidence and knowledge to make the right decisions. To do this we often ask the managers why they are invested in individual companies. This is for illustration only and should not be taken as a recommendation to buy or sell that stock. The fund manager may or may not still own these companies at the time of your listening. For more investment research visit us at www.fundcalibre.com and follow us on twitter and facebook @FundCalibre

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60 recent

October 26, 202615 min

411. Why India doesn’t need to win the AI race

India offers a compelling combination of domestic consumption, rising incomes and a young population, but how do investors identify the businesses best placed to benefit? Ajay Tyagi, manager of the UTI India Dynamic Equity fund , takes us behind the scenes of the fund's quality-growth investment process, exploring how an 18-strong research team covers more than 450 companies and assesses everything from cash generation to management consistency. We discuss opportunities in smaller companies, healthcare and consumption, why great businesses can sometimes be worth waiting for, and how valuation discipline works in practice. Finally, we challenge the idea that India is missing the AI revolution and explore its ability to adopt new technologies. What’s covered in this episode: Why India, why now? The domestic consumption story Defining quality objectively Cash flow and capital efficiency 450 companies under research Inside an 18-strong analyst team Testing management consistency Finding smaller companies early Healthcare’s growth opportunity India’s consumption runway Quality versus valuation Waiting for the right price Why India doesn’t need to invent AI Technology adoption and productivity India’s next decade of growth Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

October 12, 202625 min

410. Why investors could be misreading India’s boom

India has gone from emerging-market darling to a source of funding for the booming semiconductor trade, despite its domestic economy continuing to grow rapidly. Our guest, Andy Draycott, manager of the Chikara Indian Subcontinent fund , explores why foreign investors have withdrawn billions from Indian equities, whether concerns about the rupee and AI are justified, and why rising household wealth could transform consumption. We also look inside a concentrated portfolio targeting India’s domestic growth story, including private banks, quick commerce, hotels and aviation. Finally, we discuss India’s enormous manufacturing opportunity and why its growing importance to the global economy could ultimately bring international investors back to the market over the coming years. What’s covered in this episode: India’s economic and market disconnect Why foreign investors are leaving The semiconductor funding effect Is India losing the AI race? The outlook for the rupee India’s hidden household wealth The emerging middle class McDonald’s enormous growth runway in India Why the portfolio is concentrated Private banks taking market share India’s mortgage opportunity The quick-commerce revolution The company offering eleven-minute deliveries India’s travel boom Rising demand for hotels and flights India as the next manufacturing hub Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

October 5, 202625 min

409. AI debt, stubborn inflation and the search for real diversification

Markets have delivered another strong quarter, but beneath the headline returns there are important shifts taking place. The next instalment of our quarterly market update, with Darius McDermott and Juliet Schooling Latter, explores the revival in UK smaller companies and commodities, stubborn inflation and the prospect of higher interest rates. We examine the extraordinary sums being spent on AI, rising debt among technology companies and whether investors are less diversified than they realise. The conversation also turns to bonds, where shorter-duration opportunities are looking increasingly attractive, before assessing UK equity valuations and the areas offering potential away from AI. Finally, we reveal which markets and sectors could provide opportunities as we head towards 2027. What’s covered in this episode: UK smaller companies finally deliver Commodities take the lead Higher rates for longer Inflation refuses to behave The enormous AI spending boom AI hyperscalers turn to debt Who actually profits from AI? Hidden portfolio concentration Finding genuine diversification Opportunities beyond the AI trade Bonds back on the radar The case for short-duration bonds Are UK equities still cheap? India’s difficult two years The outlook for commodities Opportunities heading into 2027 Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

September 23, 202621 min

408. Is AI in a bubble?

AI spending continues to reshape markets, but after several years of extraordinary growth, are the most obvious opportunities becoming harder to find? We discuss signs of bubble-like behaviour, with Mikhail Zverec and Graeme Bencke, co-managers of the WS Amati Global Innovation fund , who elaborate on the slowing growth in AI capital expenditure and why the next phase could favour less obvious beneficiaries. The interview explores physical AI, robotics, industrial automation and the specialist companies providing the infrastructure, sensors and software behind them. We also examine why parts of the software market may have been written off too quickly, before moving beyond AI to uncover innovation across drug discovery, laboratory automation, radiopharmaceuticals, defence, drones, cyber and space. What’s covered in this episode: Are we in an AI bubble? Where we are in the AI investment cycle Why AI CapEx growth could slow Moving beyond the obvious AI winners The rise of physical AI Robots, cobots and warehouse automation The infrastructure behind industrial AI Sensors, machine vision and connectivity Why software may have been oversold The value of deep domain expertise AI’s impact on drug discovery Robotics inside the laboratory The potential of radiopharmaceuticals Defence, drones, cyber and space Finding innovation beyond AI Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

September 9, 202621 min

407. Why patient investors are still backing UK smaller companies

UK small-caps have endured a difficult decade, but attractive valuations, stronger balance sheets and improving earnings trends are creating a compelling backdrop. Our interview with Katen Patel, co-manager of the JPMorgan UK Small Cap Growth and Income Trust , explores what could finally trigger a re-rating, why M&A activity is accelerating, and how share buybacks have become increasingly attractive for cash-rich companies. He also covers opportunities in UK mid-caps, the benefits of an investment trust structure, overlooked companies at the smaller end of the market and the importance of international revenues. Finishing with how the portfolio balances capital growth with income. What’s covered in this episode: A decade of UK small-cap challenges What could trigger a re-rating Valuation discounts versus the US Four Imprint’s international growth Small-cap dividend yields Rising M&A activity Private equity interest The shortage of new IPOs Why share buybacks are rising UK mid-cap opportunities Investing below £300 million Finding under-researched companies International revenues in UK small-caps Capital growth versus income Record free cashflow yields Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

August 5, 202624 min

406. Century bonds, AI debt and the case for staying short

Capital preservation can be just as important as income when investing in bonds. Our interview with Jerry Wharton, manager of IFSL Church House Investment Grade Fixed Interest , examines how a defensive investment-grade bond strategy seeks to preserve capital while providing dependable income for clients. The discussion covers the importance of credit quality, short duration and avoiding the temptation to chase yield through lower-quality or excessively long-dated bonds. It also explores volatility in the gilt market, attractive new sterling issuance and growing concerns around debt issued by major US technology companies. Finally, the conversation considers the difficult outlook for UK inflation and interest rates, before explaining why current sterling investment-grade bonds may offer an appealing combination of income and capital upside for cautious investors today. What’s covered in this episode Capital preservation in bond portfolios Income without chasing yield Why credit quality matters The fund’s AAA allocation Managing interest-rate sensitivity Lessons from the 2022 bond sell-off Volatility in long-dated gilts Government borrowing concerns Attractive sterling bond issuance Heathrow’s recent bond Hyperscaler debt risks The danger of century bonds AI spending and corporate liabilities UK inflation pressures The outlook for interest rates Income and redemption upside Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

July 29, 202621 min

405. Where Europe’s income opportunities lie

European equities have long appealed to income investors, but the opportunity is becoming broader than dividends alone. Stuart Brown, co-manager of the BlackRock Continental European Income fund , joins us to discuss improving earnings and dividend growth across industrials, banks and utilities, alongside the structural themes supporting them, including electrification, energy security and supply-chain investment. The discussion also examines regional portfolio positioning, the resilience of European companies amid geopolitical disruption, and selective opportunities in defence. Finally, it considers why share buybacks, improving business fundamentals and more shareholder-friendly capital allocation could strengthen Europe’s total return potential. What’s covered in this episode: Europe’s evolving income opportunity Sustainable dividend growth Opportunities within industrials Electrification and energy security Regional portfolio positioning France beyond domestic politics Southern European banks Falling rates and bank earnings AI adoption in financial services Infrastructure-like utilities Defence spending and valuations Managing geopolitical risk Supply-chain investment The growth of share buybacks Europe’s changing total return story Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

July 22, 202620 min

404. Has AI left quality investing behind?

Artificial intelligence has fuelled exceptional market performance, but it has also created opportunities in overlooked areas of the global equity market. In this episode, Sam Witherow, co-manager of the JPM Global Equity Income fund , discusses why high-quality companies have lagged despite strong fundamentals, how dividend investing can still capture technology-led growth and where the most attractive opportunities lie outside the AI winners. The interview covers US equities, semiconductor leaders, financials, healthcare and medtech, before looking at market valuations, geopolitical risks and the outlook for global equities. What’s covered in this episode: AI and market euphoria Quality versus momentum Dividend growth investing US market outlook Technology opportunities TSMC and AI infrastructure The AI "layer cake" Financial sector opportunities Banks versus exchanges Healthcare and medtech Market valuations Broadening earnings growth Building resilient portfolios Global equity outlook Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

July 15, 202622 min

403. Higher yields, lower risks? Where bond investors should look now

Geopolitical tensions, inflation fears and shifting interest rate expectations have created a challenging backdrop for bond investors. Dickie Hodges, manager of the Nomura Global Dynamic Bond fund , discusses why these periods can also create attractive opportunities, how rising yields have transformed the outlook for fixed income, and why today’s market looks very different from a decade ago. The conversation covers credit spreads, emerging market debt, financial bonds and the importance of maintaining liquidity. We also explore how hedging strategies are used to reduce portfolio risk without sacrificing return potential, before finishing with an outlook for the remainder of 2026 and where the most compelling opportunities currently lie. What’s covered in this episode: Geopolitics and bond markets Why higher yields matter again Oil prices and inflation outlook Interest rate expectations Credit spreads explained Investment grade versus high yield Financial bonds Emerging market debt opportunities Why South Africa stands out Liquidity in fixed income Hedging explained simply Insurance for portfolios Return outlook for 2026 Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

July 8, 202620 min

402. The investing story everyone is missing

In this episode, we explore the structural changes reshaping global markets and why politics is only part of the story. The discussion examines how deglobalisation, higher interest rates and renewed focus on energy, defence and industrial policy are changing investment opportunities. Alec Cutler, manager of the Orbis Global Balanced and Global Cautious funds , looks beyond the headline AI winners to the companies enabling the technology revolution, he also shares why the energy transition could remain inflationary, and explores opportunities in emerging markets and fixed income. Finally, we examine how a valuation-driven investment approach helps build resilient portfolios capable of navigating changing market environments and shifting investor sentiment. What’s covered in this episode: Beyond the Trump headlines Populism and structural change Deglobalisation and reshoring The "Pyramid of Needs" for nations Energy security and infrastructure AI's overlooked enablers Why natural gas still matters Greenflation explained Building all-weather portfolios Emerging market opportunities Brazil vs the US Government bond opportunities Inflation-linked bonds (TIPS) US market complacency The return of value investing Learn more on fundcalibre.com Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.