Finance

Have you ever wondered what happens to the tax you hand over to HMRC?

The MGTS Qualis Funds entered 2026 with strong momentum following an impressive 2025. A defining theme across both portfolios has been disciplined diversification, with performance driven by a broad range of uncorrelated positions rather than dependence on any single macroeconomic call.

Chancellor Rachel Reeves’ second Labour Budget was delivered in late November 2025 amid lots of speculation as to possible tax changes and given the backdrop of the significant changes made in the previous year.

Spring has brought a busy start to 2026, and our first newsletter of the year offers a timely update as we approach the end of the tax year.

We have recently updated our Scotland vs England Taxpayer comparison from our original blog post of January 2024. Following the…

Data to 23 January 2026 Bond markets have started 2026 in a way that total return investors will recognise: income…

2025 was another reminder that defensive investing isn’t about avoiding risk altogether, it’s about choosing the right risks and…

Data to 23 January 2026 2026 has begun much as 2025 ended: markets outside the US have taken the lead,…

2025 was a strong year for global equities, but it was also a year when where you were invested…

This week, we are turning the spotlight onto GWA Asset Management (GWAAM), the team behind the MGTS Qualis Funds. Across…

Shona Robison’s final Scottish Budget for 2026/27 was delivered yesterday after a delay caused by the late UK Budget, marking a pivotal moment ahead of the May Holyrood elections and her departure from frontline politics. The Budget sets out tax, welfare, and public‑service plans that will shape Scotland’s political debate over the coming months.

We enter 2026 with US stocks dominating the global market while trading on expensive valuations. A small number of tech stocks account for a large portion of US returns and they are increasingly tied to the fortunes of the AI industry. These are certainly risks to be aware of.