Q&A with Lenny McLoughlin, Chief Investment Strategist
Q1 2026 has been a game of two halves. After a strong start to the year, the conflict in Iran has brought falling equity markets, rising bond yields and a sharp rise in oil and European gas prices. This combination has made the recent volatility feel especially immediate and tangible for investors.
In this 15‑minute video, Lenny McLoughlin joins Donal Keating to discuss:
The supportive macro backdrop and robust earnings that drove markets higher into late February.
How markets have responded since the conflict began – including weaker equities, higher yields, and the surprisingly limited protection from bonds and gold.
What higher energy prices could mean for inflation and for Fed and ECB policy from here.
How our multi‑asset funds are positioned and how we are thinking about scenarios from here.
The above video is intended as a general review of investment market conditions. It does not constitute investment advice and has not been prepared on the financial needs or objectives of any particular person. It is intended for the use of institutional and other professional investors.