📈
Download the full Portfolio Performance Slides
View the portfolio breakdown:
here📧 Get in touch: theartofinvesting@ig.com
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham are joined by Katy Forbes (CIO at North Capital), bringing over 100 years of combined experience across wealth and hedge fund management to unpack another evolving week in global markets.
Markets continue to push higher, driven by relentless AI momentum, but beneath the surface, cracks are beginning to appear. The team explore whether capital is being aggressively reallocated into AI at the expense of other asset classes, why bonds, gold and crypto are struggling, and what this means for the broader investment landscape. With guest insight from a leading wealth manager, the conversation also dives into portfolio construction, bond market risks, and how professionals are navigating this environment.
This Week’s Highlights:
📈 Markets Hold Firm
Global equities continue to perform, with Japan and emerging markets leading gains.
🤖 AI Dominance Continues
AI demand remains the key driver of markets, with capital flowing aggressively into the sector.
💸 Capital Rotation Intensifies
Money is being pulled from crypto, gold, bonds and private markets to fund AI growth.
📉 Crypto & Alternatives Under Pressure
Bitcoin falls sharply while gold and private equity struggle for momentum.
⚠️ Bond Market Concerns
Rising issuance and demand for capital raise questions about long-term bond attractiveness.
🇮🇳 India Under Scrutiny
India continues to lag, prompting discussion around whether to exit the position.
Portfolio Snapshot – Week 42:
No changes were made to the portfolio this week.
Weekly portfolio performance: +0.7%
Total return since inception: +23.4%
2026 year-to-date return: +10.9%
Top Performers:
🥇 iShares Nikkei 225 ETF: +4.5% WoW
🥈 WisdomTree Copper ETF: +2.8% WoW
🥉 BlackRock World Mining Trust PLC: +2.6% WoW
Underperformers:
📉 iShares MSCI India ETF: –2.6% WoW
📉 iShares Core FTSE 100 ETF: –1.6% WoW
📉 Invesco Stoxx Europe 600 UCITS ETF GBP: –1.4% WoW
Big Questions This Week:
• Is AI pulling capital away from the rest of the market?
• Are bonds becoming structurally unattractive?
• Is the current AI rally sustainable or overheating?
• What’s gone wrong with India’s investment case?
• Where should investors look next as capital rotates?
What You’ll Learn:
✔️ Why AI is dominating global capital flows
✔️ How portfolio diversification is protecting returns
✔️ The risks facing bonds in today’s environment
✔️ What’s driving weakness in crypto, gold and India
✔️ How professional investors think about asset allocation
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.
What is The Art of Investing?
Looking to turn Market Chaos into Investing Clarity?
Welcome to The Art of Investing - a brand new podcast that transforms market noise into clear investing strategies. Brought to you by IG, global investing platform, FTSE 250 and over 50 years in the markets.
This isn't your typical finance show.
Whether you're taking your first steps into the investment world or you're a seasoned investor looking to sharpen your edge, you've found your new secret weapon.
Every Friday, join hosts Rich McDonald, Mark Holden & Chris Fellingham – three investing legends bringing you a combined century of market wisdom. They'll decode the week's biggest moves, reveal the hot topics that could make or break a portfolio, and share the insights that separate winners from wishful thinkers.
But here's where we blow every other podcast out of the water:
Introducing our live Model Portfolio. With IG's access to thousands of global markets, you'll watch our strategy unfold in real-time, unfiltered investment action, that you can follow.
Every week, we'll pull back the curtain on exactly how the portfolio is performing. The wins, the losses, the lessons learned – it's all here. This is investing education with skin in the game.
Are you ready to master the art of investing?
This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice, financial planning guidance, or a recommendation to buy, sell, or hold any particular securities or investments. All discussions regarding the model portfolio are for educational purposes only. Past performance is not an indication of future results. 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.