For qualified investors in Switzerland

Simon Ward

Economic Adviser

Simon is a partner at NS Partners LLP and is Economic Adviser to Janus Henderson Investors in London, a role he has held since 2009. He previously worked at New Star Institutional Managers, Lombard Street Research and Bank Julius Baer. He has degrees in economics and finance from Cambridge University and Birkbeck College, London.

Articles Written

Don’t exaggerate UK labour market “strength”
Global Perspectives

Don’t exaggerate UK labour market “strength”

Labour market healing is incomplete and could be about to stall, argues Simon Ward, Economic Adviser.

Has the Fed called the top in growth (again)?
Global Perspectives

Has the Fed called the top in growth (again)?

Recent soft data suggest that the Fed’s “hawkish pivot” was ill-timed, argues Simon Ward, Economic Adviser.

Equity rotation consistent with liquidity squeeze
Global Perspectives

Equity rotation consistent with liquidity squeeze

Simon Ward, Economic Adviser, argues that recent market moves should not be read as endorsing economic optimism.

A “monetarist” perspective on current equity markets – January 2022
Global Perspectives

A “monetarist” perspective on current equity markets – January 2022

Global real money trends are sending a downbeat signal for the economy and markets but could improve during H1 as inflationary pressures cool, argues Simon Ward, Economic Adviser.

Chinese monetary data mixed but hopeful
Global Perspectives

Chinese monetary data mixed but hopeful

Stronger broad money growth suggests improving economic prospects for 2022 assuming, reasonably, that the authorities are able to stabilise the property sector, argues Simon Ward, Economic Adviser.

Easing bottlenecks a sign of weakness not strength
Global Perspectives

Easing bottlenecks a sign of weakness not strength

Signs that supply constraints are easing do not warrant cyclical optimism because the turnaround is being driven by softer demand, argues Simon Ward, Economic Adviser.

Will US consumers spend their money stash?
Global Perspectives

Will US consumers spend their money stash?

High household money balances may not signal pent-up consumer demand, argues Simon Ward, Economic Adviser.

Less favourable monetary conditions for markets?
Global Perspectives

Less favourable monetary conditions for markets?

One measure of global “excess” money has recently turned negative, which may signal headwinds for equities and other risk assets, argues Simon Ward, Economic Adviser.

A new “monetarist” forecast for UK inflation – November 2021
Global Perspectives

A new “monetarist” forecast for UK inflation – November 2021

UK inflation is likely to peak at a higher level than the MPC expects but money trends suggest medium-term relief, assuming no additional boost from exchange rate weakness, argues Simon Ward, Economic Adviser.

Global 2022 growth hopes fading fast
Global Perspectives

Global 2022 growth hopes fading fast

October money / inflation data suggest that an economic slowdown will extend through Q2 2022, at least, argues Simon Ward, Economic Adviser.

Is US / Chinese monetary divergence reversing?
Global Perspectives

Is US / Chinese monetary divergence reversing?

Chinese money trends are showing signs of improvement despite the real estate crisis while a US slowdown may extend as a reduction in monetary deficit financing is not fully offset by stronger bank lending, argues Simon Ward, Economic Adviser.

UK MPC inaction risks sterling inflation boost
Global Perspectives

UK MPC inaction risks sterling inflation boost

The MPC’s communications shambles is of less concern than its continued neglect of monetary trends in setting policy, argues Simon Ward, Economic Adviser.