The Art of Investing

Can’t get enough of The Art of Investing? Take a look here for even more content! https://youtu.be/B0FzP8sjd_w 📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.com📱 Behind the scenes: _theartofinvesting on TikTok🎧 Listen on: Apple & SpotifyThis week on The Art of Investing, host James “Jimmy” Ovenden steps in for Richard McDonald, joined by Mark “Spice” Holden and Chris “CJ” Fellingham.It’s been a tough week for the portfolio, with markets taking a hit as strong US economic data reshapes interest rate expectations. The team break down a staggering $400 billion in capital raise announcements from the world’s biggest tech companies, explore what new Fed Chair Kevin Warsh’s first meeting might signal, and ask the question on every investor’s mind: why is the oil price falling even as bombs fly in the Middle East?This Week's Highlights:📉 Markets Pull BackUS equities suffer their worst week of the year as the Nasdaq falls 6% and the semiconductor index tumbles 11%.💰 $400 Billion Capital GrabOracle, Meta, OpenAI, Anthropic, Amazon and Space-X collectively announce hundreds of billions in fresh capital raises - raising the question of who is actually funding the AI boom.🚀 Space-X Goes PublicHighly anticipated IPO prices at $135/share with 4x oversubscription, entering the Nasdaq and Russell indices but not the S&P 500.📊 Rate Rise Fears ReturnStrong US non-farm payrolls trigger a repricing of rate expectations - with up to three hikes now on the table and Kevin Warsh’s first Fed meeting closely watched.🛢️ The Oil Price ParadoxDespite ongoing Middle East tensions, the oil price falls - the team explore why markets are ignoring the disaster narrative.🇮🇳 India’s Unlikely ComebackAfter weeks of underperformance, iShares MSCI India ETF is this week’s best performer, up 0.5% - just ahead of a deep-dive episode with JP next week.Portfolio Snapshot – Week 43:No changes were made to the portfolio this week.📊 Weekly portfolio performance: –2.55%📈 Total return since inception: +20.83%📅 2026 year-to-date return: +8.30%Top Performers:📈 iShares MSCI India ETF: +0.5% WoW📈 Cash: +0.1% WoW📈 iShares UK Gilts 0–5yr ETF: +0.1% WoWUnderperformers:📉 BlackRock World Mining Trust PLC: –10.6% WoW📉 iShares Nikkei 225 ETF: –6.5% WoW📉 iShares Core MSCI EM IMI ETC: –6.3% WoWBig Questions This Week:• Is $400bn in tech capital raises the peak of AI fundraising, or is there more to come?• Will Kevin Warsh’s first Fed meeting signal rate rises or hold the line?• Why is the oil price falling when the Middle East is at its most volatile?• Is the portfolio’s low AI exposure a vulnerability or a hidden strength?• Is India finally turning a corner - or was this week a one-off?What You’ll Learn:✔️ Why good economic news became bad news for markets this week✔️ How $400bn in capital raises is reshaping global equity flows✔️ What Space-X’s IPO means for investors using Nasdaq ETFs✔️ Why the oil price is defying Middle East conflict - and what it signals✔️ How the portfolio’s AI exposure stacks up against global indicesDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham draw on over 100 years of combined wealth and hedge fund management experience to unpack another powerful week in markets, as equities push to fresh highs despite ongoing geopolitical tension and macro uncertainty.With US markets now climbing for eight consecutive weeks and AI-driven momentum accelerating, the team explore whether this rally still has room to run, how far the semiconductor supercycle can go, and why investors may be underestimating just how broad this market move is becoming.This Week’s Highlights:📈 Markets Keep ClimbingUS equities extended their winning streak to eight consecutive weeks, with the S&P 500, Nasdaq and Dow all hitting fresh all-time highs.🤖 Semiconductor Supercycle AcceleratesAI demand continues to drive explosive growth across chipmakers, with momentum now spreading beyond Nvidia into broader semiconductor names.🌍 Market Breadth ImprovingStrength is no longer limited to mega-cap tech, with the Russell 2000 and equal-weight indices also pushing higher - a positive signal for broader market health.🛢️ Oil Drops, Markets RallyDespite geopolitical tensions, oil prices fell sharply, easing inflation concerns and supporting risk assets globally.🏦 Bonds StabiliseAfter recent volatility, bond markets recovered as yields pulled back, helping to ease pressure on equities.⚖️ AI vs Macro: A Two-Speed MarketThe team debate the growing disconnect between traditional macro-driven markets and the powerful AI-driven growth cycle reshaping global investing.Portfolio Snapshot - Week 41:No changes were made to the portfolio this week.Weekly portfolio performance: +2.4%Total return since inception: +22.7%2026 year-to-date return: +10.2%Top Performers🥇 iShares Nikkei 225 ETF — +5.6% WoW 🥈 iShares Russell 2000 ETF — +5.1% WoW 🥉 iShares Core MSCI EM IMI UCITS ETF — +4.9% WoWUnderperformers📉 iShares MSCI India ETF — +1.8% WoW 📉 WisdomTree Copper ETF — +0.4% WoW 📉 iShares UK Gilts 0–5yr ETF — +0.6% WoWPortfolio Highlights• Strong gains driven by Japan, US small caps and emerging markets• Broadening market leadership beyond mega-cap tech• Falling oil prices and stabilising bonds supported equities• Defensive assets lagged as risk appetite returned• Portfolio continues to benefit from diversified global exposureBig Questions This Week:• How long can the AI-driven rally continue?• Is this still a narrow tech-led move, or a broader bull market?• What happens if bond yields rise again?• Are investors underestimating how dominant AI has become?What You’ll Learn:✔️ Why market leadership is starting to broaden✔️ How AI is driving global equity performance✔️ The relationship between oil, bonds and equities✔️ Why diversification still matters in concentrated markets📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.May Incentives:Transfer CashbackGet up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.Code: TRANSFER5000PODT&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26Free SharesGet £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.Code: MAYSHARESPODT&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26Cashback OfferEarn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.Code: MAYDEPOSITPODT&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26

This week on The Art of Investing, Rich McDonald joins Mark “Spice” Holden and Chris “CJ” Fellingham, bringing over 100 years of combined experience across wealth and hedge fund management, to unpack another fascinating week in global markets.US equities pushed higher as investors piled back into AI, technology and cyclical trades, while copper and mining stocks extended their rally. The team debate whether markets are becoming too complacent, why copper remains a major long-term investment theme, and whether investors are underestimating ongoing economic risks.This Week’s Highlights:📈 Markets Continue Higher US equities extended gains as optimism around AI, earnings and future rate cuts continued to support risk assets globally.⚒️ Copper Leads The Charge Copper and mining-related holdings delivered another strong week as the team revisit the long-term electrification and AI infrastructure story.🤖 AI Momentum Remains Strong Technology and AI-linked investments continue driving market performance as investors rotate back into growth assets.⚠️ Are Investors Too Comfortable? The team discuss whether markets are becoming overly optimistic despite ongoing geopolitical and macroeconomic uncertainty.🇯🇵 Japan Still Performing Japanese equities remained one of the strongest regions within the portfolio as international investors continue increasing exposure.🪙 Crypto Volatility Returns Crypto and blockchain-linked holdings remained highly reactive as sentiment swings continue across digital assets.Portfolio Snapshot – Week 39:Three positions were trimmed this week, with proceeds moved into cash. The team sold 5% VanEck Crypto ETF, 5% Vanguard FTSE 250, and 5% Xtrackers DAX ETF - raising the portfolio's cash position by 15%.Weekly portfolio performance: +0.5%Total return since inception: +21.9%2026 year-to-date return: +9.4%Top Performers:🥇 WisdomTree Copper ETF: +8.5% WoW🥈 BlackRock World Mining Trust PLC: +7.8% WoW🥉 iShares Nikkei 225 ETF: +1.6% WoWUnderperformers:📉 iShares MSCI India ETF: –4.6% WoW📉 Xtrackers DAX ETF: –3.5% WoW📉 Invesco Stoxx Euro 600 ETF GBP: –1.7% WoWBig Questions This Week:• Is the AI rally overcrowded?• Why is copper such an important long-term theme?• Are markets underpricing economic risks?• Can mining stocks keep outperforming?What You’ll Learn:✔️ Why copper is linked to AI and electrification✔️ How sentiment is driving markets✔️ Why mining stocks remain strong✔️ Warning signs investors should watch📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comDisclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.May Incentives:Transfer CashbackGet up to £5,000 cashback when you transfer £10,000+ to IG before 31st May 2026.Code: TRANSFER5000PODT&Cs 📋 ig.com/uk/invest-campaign/transfer-cashback-value-apr-26Free SharesGet £50–£1,000 in free shares when you invest £1,000+ before 31st May 2026.Code: MAYSHARESPODT&Cs 📋 ig.com/uk/invest-campaign/free-shares-may-26Cashback OfferEarn 2% cashback (up to £200) when you deposit and invest £1,000+ before 31st May 2026.Code: MAYDEPOSITPODT&Cs 📋 ig.com/uk/invest-campaign/cashback-may-26

This Week on The Art of Investing, Rich McDonald returns from holiday to find oil at $126 a barrel and markets at all-time highs. The team try to make sense of it - rate cut expectations have collapsed, geopolitical risk has intensified, and yet the S&P 500 and Nasdaq keep climbing. Mark "Spice" Holden and Chris "CJ" Fellingham join Rich to dig into why US markets are defying every macro headwind, what it means for a portfolio that had a tough week, and whether now is the time to act or sit on their hands.The episode also covers a deep dive into UK gilt fair value, the Bank of England rate decision, the rise of algorithmic trading and its impact on price discovery, and a listener Q&A on stop losses and what the team have genuinely learned since launching the podcast.This Week's Highlights:🛢️ Oil at $126 — Markets Shrug Brent crude up nearly 20% in eight days on Straits of Hormuz fears, yet the S&P and Nasdaq hit all-time highs.💻 Magnificent Seven Earnings CrunchFour Mag Seven reports in two minutes - Alphabet surged, Meta fell, and the Nasdaq pushed higher.🔧 Chip Stocks Explode Qualcomm up 16%, Intel up 100% since April - AI chip demand is the trade of the moment.🇬🇧 UK Gilts & the "Moron Premium" CJ breaks down gilt fair value and why 5.75% yields may still not be cheap enough to buy.🤖 Machines Are Winning Algorithmic momentum trading is moving markets beyond rational levels and crowding out human investors.Portfolio Snapshot - Week 37No changes were made to the portfolio this week.Weekly performance: –2.1%Total return since inception: +16.9%Top Performers:🥇 iShares S&P 500 GBP Hedged ETF: +0.1%🥈 Cash: +0.1%Underperformers:📉 VanEck Crypto & Blockchain Innovators ETF: –9.5%📉 BlackRock World Mining Trust PLC: –8.7%📉 WisdomTree Copper ETF: –3.6%Portfolio Positioning:A tough week, with the oil price rise hitting commodities and oil-importing markets the hardest. The team agreed not to act while market direction remains unclear - CJ's view: when you're not seeing it well, making decisions is a recipe for mistakes. Watch and wait. • US equities and AI beneficiaries remain core - justified by 13%+ earnings growth for six consecutive quarters • UK and European exposure under review - the DAX would be first to go if forced to cut • A move into long gilts is being considered if 30-year yields push above 6% • Commodities suffering from oil rotation - mining and copper the biggest portfolio drags this week📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.DisclaimerThis podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.Beat The Street Competition More Info here: https://bts.ig.com/uk/beat-the-street/home📋T&Cs: The “Beat the Street” competition is open to UK legal residents aged 18+ and there’s a limit of one registration per person. The promoter is IG Trading and Investments Ltd and you can enter and find full T&C’s at ig.com/uk/beat-the-street.

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham draw on over 100 years of combined experience across wealth and hedge fund management to break down a remarkable moment in markets.US equities are pushing to new all-time highs, despite ongoing geopolitical tension, energy uncertainty and lingering concerns around credit markets.With the S&P 500 and NASDAQ rallying strongly, the team explore what’s really driving this move, why sentiment has shifted so quickly, and whether this is the start of a broader bull market or simply another leg in a volatile cycle.They also break down the growing dominance of big tech, the role of institutional money flows, and why markets can often move in the opposite direction to headlines.This Week’s Highlights:📈 Markets Hit New Highs US equities surge to record levels, climbing the “wall of worry” despite negative news flow.💻 Tech Leads the Charge The Magnificent Seven drive performance, with Nvidia and mega-cap tech powering gains.🔄 Rotation in Action Capital flows back into under-owned areas, with short squeezes amplifying moves.🏦 Banks Reassure on Credit Major US banks signal resilience in the economy and downplay private credit concerns.🌍 Global Divergence US markets outperform while Europe and the UK lag amid currency and energy pressures.🧠 Psychology Over Fundamentals Why fear, greed and positioning often matter more than macro narratives.Portfolio Snapshot - Week 35:No changes to the portfolio this week.Top Performers🥇 VanEck Crypto & Blockchain Innovators ETF: +10.2%🥈 WisdomTree Copper ETF: +4.4%🥉 iShares S&P 500 GBP Hedged ETF: +3.4%Underperformers📉 iShares UK Gilts 0–5yr ETF: –0.1%📉 iShares Core FTSE 100 ETF: –0.1%📉 Cash: +0.1%Portfolio Positioning:The portfolio remains tilted toward growth and cyclicality, with: • ~70–85% in equities and equity-like assets • Exposure to commodities and emerging markets • Defensive allocation via bonds and cashThe team maintain conviction in a pro-growth setup, while acknowledging short-term volatility.Big Questions This Week:• Why are markets rising despite negative headlines?• Is this a sustainable bull market or short-term squeeze?• Are investors underestimating the power of positioning?• How should long-term investors respond to volatility?What You’ll Learn:✔️ Why markets often move against consensus expectations✔️ How institutional flows drive major market moves✔️ The role of fear vs greed in investing decisions✔️ Why patience often beats reaction during crises📈 Download the full Portfolio Performance Slides View the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.Beat The Street Competition:More Info here: https://bts.ig.com/uk/beat-the-street/home📋T&Cs: The “Beat the Street” competition is open to UK legal residents aged 18+ and there’s a limit of one registration per person. The promoter is IG Trading and Investments Ltd and you can enter and find full T&C’s at ig.com/uk/beat-the-street.

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are back for a Quarterly Review special, reflecting on how Q1 has played out across the portfolio, with standout strength from BlackRock World Mining Trust and broader gains across developed and emerging markets, while positions like India and the VanEck Crypto ETF lagged.From oil shocks and bond volatility to crypto drawdowns and equity resilience, this episode dives deep into what’s really driving markets right now and where the opportunities may lie.This Week’s Highlights:🏦 Rate Expectations WhipsawMarkets rapidly shift from pricing cuts to multiple hikes and back again, raising questions about whether expectations are disconnected from reality.📉 Bonds Under PressureShort-duration gilts fall sharply as rate expectations surge, challenging their role as a “safe” stabiliser in portfolios.⛽ Oil Driving the NarrativeHigher oil prices fuel inflation fears but the team argue markets may be overreacting to second-order effects on growth.📊 Equities More Resilient Than ExpectedDespite volatility, valuations (especially in the US) are becoming more attractive as multiples compress.⚠️ Crypto Volatility BitesThe VanEck Crypto ETF drops sharply, highlighting the importance of position sizing and risk management in high-volatility assets.🌍 Global Rotation & PositioningDebate around US vs emerging markets, and whether shifting allocations actually adds value, or just reshuffles risk.Portfolio Snapshot – Week 33:• Weekly performance: -1.36%• Total return since inception: +11.1%Top Performers:🥇 WisdomTree Copper ETF: +1.7%🥈 iShares Core FTSE 100 ETF: +0.9%🥉 Xtrackers DAX ETF: +0.5%Underperformers:📉 VanEck Crypto & Blockchain ETF: –11.6%📉 iShares S&P 500 GBP Hedged ETF: –2.7%📉 iShares Core MSCI EM IMI ETF: –2.4%Key Takeaways:✔️ Markets don’t always price reality, they price expectations✔️ Bonds can fail during inflation-driven shocks✔️ Volatility isn’t risk, mis-sized positions are✔️ Sometimes doing nothing is the smartest move in uncertain markets✔️ Quarterly reviews are critical, even for “passive” investorsBig Questions This Week:• Are markets overreacting to rate expectations?• Will central banks actually follow market pricing?• Is private credit the next pressure point?• Are US equities now becoming attractive again?• Should investors be reducing risk—or leaning in?📈 Download the full Portfolio Performance SlidesView the breakdown: https://drive.google.com/file/d/1eMN0haj9HGUpRogpuD7NGhwxsC1tc6WM/view?usp=sharing📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insights and to follow the live portfolio in real time.Disclaimer:This podcast is for educational purposes only and does not constitute investment advice. The value of investments can go down as well as up, and you may get back less than you invest.JISA Incentive:Dates: 2nd March to 5th AprilDetails: Invest £50 and get £50. First trade has to be £50 or more to receive the £50 bonus. New clients only. The bonus of £50 will be credited to the Junior ISA by 30 April 2026. PROMO CODE: JISAPODCAST📋T&Cs: https://www.ig.com/uk/jisa-cash-bonus-50-feb-26Beat The Street Competition:More Info here: https://bts.ig.com/uk/beat-the-street/home📋T&Cs: The “Beat the Street” competition is open to UK legal residents aged 18+ and there’s a limit of one registration per person. The promoter is IG Trading and Investments Ltd and you can enter and find full T&C’s at ig.com/uk/beat-the-street.

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham break down a more fragile market backdrop as momentum stalls and volatility creeps back in.With commodities cooling, equities diverging and bond markets wobbling, the team ask whether this is a healthy pause… or the start of something more meaningful.They’re also joined by Geopolitical Strategist Roger Lee to unpack how investors should think during periods of crisis, and what history tells us about how markets behave when conflicts unfold.The focus this week: what’s really driving returns now, and how investors should respond when leadership becomes less clear.This Week’s Highlights:📉 Momentum SlowsAfter weeks of strong gains, markets begin to lose steam as leadership narrows.⛏️ Commodities PauseMining stocks pull back sharply after a huge run, testing conviction in the trade.🪙 Crypto BouncesCrypto-linked equities recover, highlighting ongoing volatility in risk assets.🌍 Global DivergenceDifferent regions move in opposite directions, making allocation more important than ever.🏦 Bonds Back in FocusWeakness in fixed income raises questions about diversification again.🧠 Staying DisciplinedWhy periods like this matter more than strong up weeks for long-term investors.Portfolio Snapshot - Week 31:Weekly performance: –0.3%Total return since inception: +14.2%Top Performers🥇 VanEck Crypto & Blockchain Innovators ETF: +3.5%🥈 iShares Nikkei 225 ETF: +0.2%🥉 iShares Core FTSE 100 ETF: +0.2%Underperformers📉 BlackRock World Mining Trust: –5.9%📉 Vanguard FTSE 250 ETF: –1.4%📉 iShares Russell 2000 ETF: –1.2%Portfolio Positioning:The portfolio remains broadly diversified across:• Commodities and real assets• Global equities (US, UK, Europe, EM)• Select small-cap exposure• Bonds and cash as stabilisersDespite a weaker week, diversification continues to dampen volatility as leadership rotates.Big Questions This Week:• Is this just a pause after a strong run?• Are commodities topping out short term?• What happens if bonds and equities both struggle?• Where is the next leadership coming from?What You’ll Learn:✔️ Why pullbacks are a key part of long-term returns✔️ How to interpret changing market leadership✔️ Why diversification matters most in mixed markets✔️ How to stay disciplined when momentum fades📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.JISA Incentive:Dates: 2nd March to 5th AprilDetails: Invest £50 and get £50. First 200 clients will get £250. First trade has to be £50 or more to receive the £50 bonus. New clients only. The bonus of £50 will be credited to the Junior ISA by 30 April 2026. PROMO CODE: JISAPODCAST📋T&Cs: https://www.ig.com/uk/jisa-cash-bonus-50-feb-26https://www.ig.com/uk/jisa-cash-bonus-250-feb-26

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham unpack a volatile week as geopolitical tensions, banking sector nerves and shifting energy policy collide.Despite rising uncertainty, from renewed conflict fears to credit market concerns, the portfolio remains resilient. The team discuss whether markets are overreacting, why bank stocks sold off, and what investors should focus on during volatility.They revisit lessons from past geopolitical shocks and explain why disciplined portfolio construction matters more than reacting to headlines.Expect sharp macro insight and a clear breakdown of how the team are thinking about risk right now.This Week’s Highlights:⚠️ Credit Crisis Fears?Bank stocks fall as markets briefly price in tighter credit conditions.🌍 Geopolitics Back in FocusRising tensions bring geopolitical risk back to markets.🇷🇺 Lessons from RussiaRevisiting the 2022 collapse in Russian assets and its lessons.⛽ Energy Policy ConfusionGovernments tax oil producers while calling for more supply.📉 Market Volatility ReturnsSector swings highlight diversification.🧠 Staying Rational in TurbulenceWhy reacting emotionally to headlines often backfires.Portfolio Snapshot:Weekly performance: –2.1%Total return since inception: +16.6%Top Performers 🥇 VanEck Crypto & Blockchain Innovators ETF: +4.0% 🥈 Cash: +0.1% 🥉 iShares UK Gilts 0–5yr ETF: –0.1%Underperformers 📉 iShares Core MSCI EM IMI ETC: –5.7% 📉 iShares Nikkei 225 ETF: –5.1% 📉 BlackRock World Mining Trust PLC: –5.0%Portfolio Positioning:The portfolio remains positioned toward:• Commodities and real assets• Global equities beyond US mega-cap concentration• Select small and mid-cap exposure• Defensive allocations including gilts and cashThe aim remains building a diversified portfolio able to navigate uncertain markets.Big Questions the Team Debate:• Are markets overreacting to fears of a credit slowdown?• How should investors think about geopolitical shocks?• What lessons came from the Russian market collapse?• Why energy policy contradictions could shape inflation• How diversification helps absorb market shocksWhat You’ll Learn:✔️ Why banking sector moves can trigger market anxiety✔️ How geopolitical risk affects portfolios✔️ Why diversification matters during volatility✔️ The dangers of reacting emotionally to headlines✔️ How long-term investors should approach risk📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.Incentives:JISA Incentive Dates: 2nd March to 5th AprilDetails: Invest £50 and get £50. First 200 clients will get £250. First trade has to be £50 or more to receive the £50 bonus. New clients only. The bonus of £50 will be credited to the Junior ISA by 30 April 2026. PROMO CODE: JISAPODCAST📋T&Cs: https://www.ig.com/uk/jisa-cash-bonus-50-feb-26https://www.ig.com/uk/jisa-cash-bonus-250-feb-267% interest on Cash IncentiveDates: 2nd March - 13th March 2026Details: 7% AER variable interest on cash balance up to £5000 for 6 months. Until 31st August 2026. Promo Code: INTERESTPODCAST📋T&Cs: https://www.ig.com/uk/boosted-interest-mar-26

This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham unpack a quietly powerful week in markets.While headlines remain focused on AI, tariffs and geopolitics, European markets are breaking higher, bonds are behaving, and liquidity is quietly driving asset prices.The team explores why risk assets continue to rally despite macro uncertainty, and why the bond market remains the ultimate signal to watch.Plus: a deep dive into portfolio volatility using AI, the silver short squeeze debate, and what could finally derail this bull run.This Week’s Highlights:📈 Europe Leads AgainFTSE 100 hits fresh highs, the DAX continues to climb, and the Euro Stoxx 600 builds momentum.🏦 Bonds BehavingUS 10-year yields hit 12-month lows. No panic. No inflation scare. Why does it matter?🤖 AI = Disinflation?Is productivity from AI quietly suppressing inflation expectations?🪙 Silver Squeeze TalkIs there really a conspiracy in silver, or just classic retail momentum?🌍 Emerging Markets BuildPortfolio exposure increases as global growth expectations strengthen.📊 AI Analyses the PortfolioCJ uses AI to calculate portfolio volatility in minutes, and the results may surprise you.Portfolio Snapshot - Week 27:Weekly performance: +0.5%Total return since inception: +17.3%Top Performers🥇 iShares Core FTSE 100 ETF: +2.4%🥈 Invesco Stoxx Europe 600 ETF: +2.0%🥉 Xtrackers DAX ETF: +1.9%Underperformers📉 VanEck Crypto & Blockchain Innovators ETF: –0.5%📉 Nikkei 225 ETF: 0.0%📉 Cash: +0.1%Portfolio Positioning:The portfolio remains tilted toward:• European equities• Emerging markets• US small and mid-caps• Commodities exposureCash and bonds remain limited (~20% combined), keeping overall volatility aligned with the S&P 500, but with broader geographic diversification.Big Themes This Week:• Liquidity is still abundant• AI may be structurally disinflationary• Bond markets are calm, for now• Cyclical exposure remains the key risk• Dollar weakness would benefit positioningThe central question:As long as bonds behave, does this rally have further to run?What You’ll Learn:✔️ Why bond yields are the most important signal in markets✔️ How AI could structurally lower inflation✔️ Why European markets are outperforming the US✔️ How to measure portfolio volatility properly✔️ Why silver squeezes rarely end well📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.DisclaimerThis podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in. February IncentiveGet up to £3000 when you transfer your ISA to IG.Earn 1% cashback up to £300k when you transfer your ISA before 5th April.Use Promo Code ISAPODCASTNew share dealing customers only. Offer available 31st Jan to 5th April 26. T&Cs apply.📋T&Cs :www.ig.com/uk/transfer-1-percent-cashback-feb-26

This week on The Art of Investing, Rich McDonald and Mark “Spice” Holden are joined by JP Smith for a wide-ranging and timely discussion on one of the most volatile weeks markets have seen in months.With gold and silver suffering brutal flash crashes, crypto tumbling, US tech rotating hard, and a surprise nomination for the next Fed Chair rattling liquidity expectations, the team unpack what’s really going on beneath the surface, and how investors can spot early warning signs before markets move fast.From AI capex concerns and stretched US valuations to volatility indicators, liquidity conditions and portfolio protection, this episode is a masterclass in navigating late-cycle markets.This Week’s Market Highlights📉 Gold & Silver Flash CrashPrecious metals suffer violent reversals as margin hikes, positioning pressure and liquidity fears collide.💻 Tech Rotation AcceleratesUS software and AI leaders sell off sharply as markets reassess capex spending and future returns.🔄 Money Rotates, Not FleesCapital flows out of mega-cap tech into small- and mid-cap US equities, Europe and Japan.🪙 Crypto Volatility ReturnsBitcoin slides sharply, dragging crypto-linked equities with it, highlighting broken correlations with gold.🏦 Fed Chair ShockTrump nominates Kevin Warsh as next Fed Chair, spooking markets with fears of tighter liquidity and less QE.📊 Volatility Back on the RadarThe VIX becomes a key signal once again, with the team explaining how professionals actually use it.Portfolio SnapshotWeekly performance: –1.1%Total return since inception: +15.24%Top Performers 🥇 iShares MSCI India ETF: +5.0% 🥈 iShares Core FTSE 100 ETF: +2.5% 🥉 WisdomTree Copper ETF: +1.0%Underperformers 📉 VanEck Crypto & Blockchain Innovators ETF: –21.3% 📉 BlackRock World Mining Trust: –9.4% 📉 Invesco EQQQ NASDAQ-100 ETF: –3.1%Key Portfolio Decision🔄 Reducing US Mega-Cap ExposureSold half of the Nasdaq position (–2.5%)Reallocated into US small caps via the Russell 2000Why?Small- and mid-cap companies are better positioned to benefit if economic activity broadens and rate cuts resume later this year.Updated US exposure now favours diversification over concentration.What Investors Learn in This Episode✔️ Why gold and silver can fall fast, even in bull markets✔️ How margin changes and liquidity shocks trigger violent moves✔️ Why AI capex is now being treated as a risk, not a reward✔️ How professionals use the VIX to manage risk✔️ The difference between a healthy rotation and a market breakdown✔️ When cash and short-dated bonds become powerful tools✔️ Why small caps may be the next phase of the US cycle📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly market insight and to follow the live portfolio in real time.DisclaimerThis podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.February IncentiveGet up to £3000 when you transfer your ISA to IG.Earn 1% cashback up to £300k when you transfer your ISA before 5th April.Use Promo Code ISAPODCASTNew share dealing customers only. Offer available 31st Jan to 5th April 26. T&Cs apply.📋T&Cs :www.ig.com/uk/transfer-1-percent-cashback-feb-26

This week, Rich McDonald, Mark “Spice” Holden and Chris Fellingham unpack one of the most volatile macro weeks of the year, from Japan’s bond market shock to Trump’s Davos comments, rising geopolitical tension, and a sharp shift in momentum across assets.With Japanese yields spiking to multi-decade highs, markets wobbling on Greenland headlines, and gold once again leading the leaderboard, the team debate whether this is a temporary scare… or the early warning signs of something bigger. Crucially, they also make a major portfolio decision, raising cash and reassessing risk after a strong run of returns.Expect macro depth, proper portfolio debate, and a real-time look at how professional investors react when markets move fast.This Week’s Highlights:🇯🇵 Japan Bond Shock40-year Japanese government bond yields spike, triggering global bond and equity volatility.🌍 Geopolitics ReturnsGreenland, NATO tensions and Trump’s Davos comments briefly rattle markets before a sharp relief rally.📉 Momentum RotatesGold and mining stocks surge while crypto and copper lag as capital chases safety and trend.🪙 Crypto vs GoldBitcoin slides while gold hits new highs, reigniting the “digital gold” debate.🏦 Central Bank PowerThe Bank of Japan draws a clear line in the sand, reminding markets who’s really in control.Portfolio Snapshot:Weekly performance: –0.7%Total return since inception: +15.5%Top Performers (WoW)🥇 iShares Physical Gold ETC: +4.83%🥈 BlackRock World Mining Trust: +2.54%🥉 iShares Core MSCI EM IMI ETF: +1.14%Underperformers (WoW)📉 VanEck Crypto & Blockchain Innovators ETF: –4.66%📉 WisdomTree Copper ETF: –4.15%📉 iShares MSCI India ETF: –3.49% Big Decisions This Week:🔄 Raising CashThe team reduce exposure to gold and US equities, moving 10% of the portfolio into cash to reassess risk after strong gains.💬 Live DebateShould profits be locked in after a big run, or is stepping aside the biggest risk of all?What You’ll Learn:✔️ Why Japan’s bond market matters far beyond Tokyo✔️ How central banks really control market stress✔️ Why momentum dominates during uncertain periods✔️ When raising cash is smart, and when it’s costly✔️ How professionals manage portfolios during fast-moving macro shocks📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.January IncentiveMove your investment portfolio to IG and you’ll get up to £2,000 cashback. Simply open a general investment account, ISA, or SIPP by 30 January and get 1% cashback on your transferred investments.1% cashback on the total Qualifying Transfers initiated between 1 January and 30 January 2026The maximum payout is £2,000.Your capital is at risk. New customers only. Offer valid until 30/01/2026 on ISA, GIA or SIPP accounts. T&Cs apply.📋T&Cs: https://www.ig.com/uk/transfer-1-percent-cashback-jan-26

The first episode of 2026 kicks off with a bang as Rich McDonald, Mark “Spice” Holden and Chris Fellingham review a late but powerful Santa Rally, a standout quarter for commodities, and one of the strongest periods of performance since the portfolio launched. Listen to find out why we are cashing out our best performer!With markets pushing to new highs and geopolitics back in focus, the team break down what’s really driving returns, and make their first meaningful portfolio changes of the year as they position for a potentially more volatile 2026.This Week’s Highlights:📈 Santa Rally (Finally)Equities and commodities surge into year-end, with global markets hitting fresh highs.🇬🇧 FTSE 100 Above 10,000A major milestone for UK markets despite years of investor outflows.⛏️ Commodity LeadershipGold, copper and mining stocks dominate as rate cuts and geopolitics collide.🪙 Crypto WhiplashSharp moves in crypto-linked equities underline fast-changing sentiment.🏦 Rates & BondsCooling US inflation steadies bonds, while Japan bucks the global trend.🌍 Geopolitics ReturnsDefence spending, elections and global tensions shape the 2026 outlook.Portfolio Snapshot - Week 21:Weekly performance: +4.23%Total return since inception: +14.29%Top Performers🥇 VanEck Crypto & Blockchain Innovators ETF: +12.10%🥈 BlackRock World Mining Trust: +10.66% 🥉 WisdomTree Copper ETF: +8.11% Steadier Contributors• iShares MSCI India ETF: +2.52%• iShares Physical Gold ETC: +2.42%• iShares UK Gilts 0-5 Year ETF: +0.36%Q4 Quarterly Review (Oct–Dec):A standout quarter driven by real assets and diversification.📊 Best Q4 Performers• BlackRock World Mining Trust: +29.38%• WisdomTree Copper ETF: +20.51%• iShares Physical Gold ETC: +15.94%• Nikkei 225 ETF: +9.60%📉 Weak Spots• VanEck Crypto & Blockchain Innovators ETF: –12.42% (Q4)The quarter reinforces a key theme: commodities and diversification mattered more than mega-cap tech. Actions Taken – Portfolio Changes:- 5% BlackRock World Mining Trust- 10% UK Gilts 0-5 years (all of position)+15% iShares $ Treasury Bond 7-10yr ETF Current positioning:• ~67.5% equities• ~22.5% commodities• ~10% bonds & defensive assetsWhat You’ll Learn:✔️ Why commodities dominated Q4✔️ How professionals trim winners✔️ Why bonds still matter✔️ How geopolitics feeds into markets✔️ Why diversification is back📈 Download the full Portfolio Performance SlidesView the portfolio breakdown: here📊 Download the full Quarterly Review SlidesView the Quarterly Review: here📧 Get in touch: theartofinvesting@ig.comSubscribe for weekly investing insight and to follow the live portfolio in real time.Disclaimer:This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.January Incentive:7.5% AER variable interest on cash balance up to £10,000.Promotion from 1 January 2026 until 16 January 2026. First trade must be made before 16 January. Interest boosted from First Trade until 31 March 2026.Your capital is at risk.New customers only. Offer valid until 16/01/2026 on ISA, GIA or SIPP accounts. T&Cs apply.

Merry Christmas and welcome to a special Best Bits episode of The Art of Investing.To round off 2025, we’re revisiting some of the most memorable moments from 2025, the bold calls, the big debates, the lessons learned the hard way, and the moments that genuinely made us laugh.From investor psychology and AI optimism, to Budget chaos, bond market nerves and why selling well matters more than buying smart, this episode is a reminder of what really drives long-term returns.Whether you’re catching up over the holidays or revisiting your favourite moments, this is The Art of Investing at its best.What You’ll Hear in This Episode:🧠 Investor Psychology with Lee Freeman-ShorWhy great investors aren’t defined by how many winners they pick, but by what they do when things go wrong.Rabbits, Assassins, Hunters and the hard reality of cutting losses before they cut you.❤️ Falling in Love with Your WinnersSpice tells the story of his best ever investment, and why selling 20% down after a 20-fold gain was the right decision.🤖 AI, Circular Deals & Déjà VuWhy self-funding loops in tech can be a warning sign, and why markets have “seen this film before”.🏛️ Inside the Truss Mini-BudgetAdam Smith pulls back the curtain on the chaos, the ignored process, and the moment markets lost confidence, including the phone call Jeremy Hunt thought was a prank.📉 Why Every Institution Wants an Economist (Even When They’re Wrong)Stu Thompson explains the political pressure behind forecasts, and why being wrong doesn’t always carry consequences.📈 The Goldilocks SetupSpice lays out why the next 12–18 months could be a sweet spot for markets: falling rates, easing inflation and strong growth.🇬🇧 The Rise, and Decline, of the UK Stock MarketA hard look at how pensions, policy and decades of selling pressure reshaped UK equities.💵 Bonds, Nervy Middles & Getting Paid to WaitChris Bowie explains why the best bond opportunities appear when everyone else is uncomfortable. 🎄 Why This Episode Matters✔️ Markets reward behaviour, not predictions✔️ Psychology matters more than ideas✔️ Crises create opportunity — if you can stay disciplined✔️ The “nervy middle” is where real returns are made📧 Get in touch: theartofinvesting@ig.com📈 Subscribe for weekly investing insights and to follow the live portfolio in real time. DisclaimerThis podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are illustrative and for educational purposes.Your capital is at risk. The value of shares, ETFs and ETCs can fall as well as rise, which could mean getting back less than you originally put in.December Incentive – Get 5% cashback on your investments:FOR A LIMITED TIME WE’VE DOUBLED OUR OFFER: GET 10% CASHBACK UP TO £200. Open a new account and invest a minimum of £50 by 31 December, and keep at least £50 invested until March.You’ll receive 5% cashback on your invested value from 21 November to 31 December (max payout £100).Your capital is at risk. New customers only.Offer valid until 31/12/2025 on ISA, GIA or SIPP accounts. T&Cs apply.📄 Full details & T&Cs: https://www.ig.com/uk/5-percent-cashback-nov-25