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The Trump administration’s shock therapy may have triggered a decade of outperformance in the UK and European stock markets relative to the US. This policy shift is likely to have significant consequences for UK and European stocks and sectors.
Hear from UK Equity managers Unicorn, and guest speaker Joachim Klement, Head of Strategy at Panmure Liberum, on the implications for the dollar, tariffs, GDP, trade, and ultimately companies.
Agenda
Joachim Klement – Panmure Liberum
Simon Moon & Fraser Mackersie – Unicorn Asset Management
Recorded: 20 May 2025 Past performance is not a guide to future performance. The value of investments & the income from them may go down as well as up & investors may not get back the full amount of their original investment. Issued by Unicorn Asset Management Limited, First Floor Office, Preacher’s Court, The Charterhouse, Charterhouse Square, London EC 1 M 6 AU Authorised and Regulated by the Financial Conduct Authority. This video is intended for Professional Investors and is not suitable for use by Retail Investors.
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The information on this website is for information purposes only. Unicorn Asset Management Limited does not provide investment advice to private investors and if you are in any doubt about the information on this website you should consult your own accountant, solicitor, stockbroker, independent financial adviser or other professional adviser.
In order to view the information on the Unicorn Asset Management website “The Website” you must accept the terms and conditions by clicking “Accept” below.
While considerable care has been taken to ensure that the information contained within this website is accurate and up to date, no warranty is given as to its accuracy or completeness, and no liability is accepted for any errors or omissions. All products referred to on this website are subject to change without notice, and we do not undertake to advise you of any changes to our views. This website should not be regarded as an invitation to buy or sell.
Terms and Conditions
The information contained on this website is issued by Unicorn Asset Management Limited, First Floor Office, Preacher’s Court, The Charterhouse, Charterhouse Square, London EC1M 6AU. Unicorn Asset Management Limited is authorised and regulated by the Financial Conduct Authority (‘FCA’). Further information about the FCA can be found at www.fca.org.uk. Unicorn Asset Management Limited is the manager of Unicorn AIM VCT plc. Unicorn Asset Management Limited is the Authorised Corporate Director of Unicorn Investment Funds.
The information on this website is for information purposes only and should not be construed as an invitation, offer or recommendation to buy or sell investments, shares or securities or to form the basis of a contract to be relied upon in any way. The information on this website will change without prior notice.
This website is designed for and targeted solely at residents of the United Kingdom and does not constitute an offer of or an invitation to apply for or purchase any shares or securities in any jurisdiction where it would be unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such an offer or solicitation. Distribution of the information contained herein in written format is generally restricted to the UK and is subject to these terms and conditions. This website does not make any offer or invitation to US persons as defined as residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof who are excluded from the information, services or products on this site.
Unicorn Asset Management Limited provides no guarantees, representations or warranties regarding the accuracy of any information on this website. No third party liability is accepted by Unicorn Asset Management Limited, its directors and employees or its affiliates and their directors in respect of errors and omissions other than under the duties and liabilities of the Financial Services and Markets Act 2000.
Unicorn Asset Management Limited does not provide investment advice to private investors and if you are in any doubt about the information on this website you should consult your own accountant, solicitor, stockbroker, independent financial adviser or other professional adviser.
Past performance is no guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the full amount of their original investment. You should not invest unless you are prepared to accept a high degree of risk. Taxation levels, benefits and reliefs may all vary depending on individual circumstances and are subject to change.
Investing in smaller companies, including AIM companies and unquoted companies, can carry greater risks than those usually associated with large capitalisation companies. Smaller companies are likely to be less established and may not have access to the financial resources available to their larger counterparts. Their product ranges and target markets may be limited. The shares of smaller companies are relatively illiquid and under researched.
This website contains links to other websites. These links are included to provide useful or additional information. We are not responsible for the accuracy or content of these websites nor should their inclusion be construed as an endorsement of such websites or the information contained on them.
Under no circumstances whatsoever should any of the information on this website be copied, reproduced or otherwise redistributed without our express prior consent in writing.
Data Protection Notice
Any information with which you provide us will be used by Unicorn Asset Management Limited and its subsidiaries. We may collect personal information from you during your use of our website.
In order to advise you of our products and services, we may collect personal data from you and we may process that data. You have the right to get a copy of the information we hold about you by sending a written request to Unicorn Asset Management Ltd; you may be required to supply a valid means of identification as a security precaution to assist us in preventing the unauthorised disclosure of your personal information. You are also entitled to have Unicorn Asset Management modify or delete any information that you believe is incorrect or out of date. Unicorn Asset Management Ltd is registered under the Data Protection Act 1998 and complies with the Act in all our dealing with your personal data.
Cookies Policy
You are able to control what cookies we use on our website. You can manage consent in the footer banner by clicking on “Manage your consent” and turning on/off the various cookies.
Below is our policy for use of cookies on this website.
This website uses Google Analytics to gather non-personal information on our visitors in order to determine how many visits our website is receiving at any given time. This is done through the use of ‘cookies’ and code which is embedded on our web pages. If you wish to reject the cookies on our website, you will need to turn off cookies in your browser. You can find instructions on how to reject cookies in different browsers. Please note that rejecting cookies may mean that some sites will not function correctly.
Google’s explanation of the Analytics service is as follows:
Google Analytics is a web analytics service provided by Google, Inc. (“Google”). Google Analytics uses “cookies”, which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google.
Technical Cookie Information If you would like to know exactly what cookies are being used on our website or by Google Analytics and how they operate, please click “Manage your consent” or if you would like to find out more about the EU Cookie Law, you can do so via the links below.
To ensure the fund data displays correctly on each of the fund pages, please enable the Functional cookies in the footer banner by switching it on in “Manage your consent” and refresh the page.
In order to view the information on the Unicorn Asset Management website “The Website” you must accept the terms and conditions by clicking “Accept” below.
While considerable care has been taken to ensure that the information contained within this website is accurate and up to date, no warranty is given as to its accuracy or completeness, and no liability is accepted for any errors or omissions. All products referred to on this website are subject to change without notice, and we do not undertake to advise you of any changes to our views. This website should not be regarded as an invitation to buy or sell.
Terms and Conditions
The information contained on this website is issued by Unicorn Asset Management Limited, First Floor Office, Preacher’s Court, The Charterhouse, Charterhouse Square, London EC1M 6AU. Unicorn Asset Management Limited is authorised and regulated by the Financial Conduct Authority (‘FCA’). Further information about the FCA can be found at www.fca.org.uk. Unicorn Asset Management Limited is the manager of Unicorn AIM VCT plc. Unicorn Asset Management Limited is the Authorised Corporate Director of Unicorn Investment Funds.
The information on this website is for information purposes only and should not be construed as an invitation, offer or recommendation to buy or sell investments, shares or securities or to form the basis of a contract to be relied upon in any way. The information on this website will change without prior notice.
This website is designed for and targeted solely at residents of the United Kingdom and does not constitute an offer of or an invitation to apply for or purchase any shares or securities in any jurisdiction where it would be unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such an offer or solicitation. Distribution of the information contained herein in written format is generally restricted to the UK and is subject to these terms and conditions. This website does not make any offer or invitation to US persons as defined as residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof who are excluded from the information, services or products on this site.
Unicorn Asset Management Limited provides no guarantees, representations or warranties regarding the accuracy of any information on this website. No third party liability is accepted by Unicorn Asset Management Limited, its directors and employees or its affiliates and their directors in respect of errors and omissions other than under the duties and liabilities of the Financial Services and Markets Act 2000.
Past performance is no guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the full amount of their original investment. You should not invest unless you are prepared to accept a high degree of risk. Taxation levels, benefits and reliefs may all vary depending on individual circumstances and are subject to change.
Investing in smaller companies, including AIM companies and unquoted companies, can carry greater risks than those usually associated with large capitalisation companies. Smaller companies are likely to be less established and may not have access to the financial resources available to their larger counterparts. Their product ranges and target markets may be limited. The shares of smaller companies are relatively illiquid and under researched.
This website contains links to other websites. These links are included to provide useful or additional information. We are not responsible for the accuracy or content of these websites nor should their inclusion be construed as an endorsement of such websites or the information contained on them.
Under no circumstances whatsoever should any of the information on this website be copied, reproduced or otherwise redistributed without our express prior consent in writing.
Data Protection Notice
Any information with which you provide us will be used by Unicorn Asset Management Limited and its subsidiaries. We may collect personal information from you during your use of our website.
In order to advise you of our products and services, we may collect personal data from you and we may process that data. You have the right to get a copy of the information we hold about you by sending a written request to Unicorn Asset Management Ltd; you may be required to supply a valid means of identification as a security precaution to assist us in preventing the unauthorised disclosure of your personal information. You are also entitled to have Unicorn Asset Management modify or delete any information that you believe is incorrect or out of date.
Unicorn Asset Management Ltd is registered under the Data Protection Act 1998 and complies with the Act in all our dealing with your personal data.
Cookies Policy
You are able to control what cookies we use on our website. You can manage consent in the footer banner by clicking on “Manage your consent” and turning on/off the various cookies.
Below is our policy for use of cookies on this website.
This website uses Google Analytics to gather non-personal information on our visitors in order to determine how many visits our website is receiving at any given time. This is done through the use of ‘cookies’ and code which is embedded on our web pages. If you wish to reject the cookies on our website, you will need to turn off cookies in your browser. You can find instructions on how to reject cookies in different browsers. Please note that rejecting cookies may mean that some sites will not function correctly.
Google’s explanation of the Analytics service is as follows:
Google Analytics is a web analytics service provided by Google, Inc. (“Google”). Google Analytics uses “cookies”, which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google.
Technical Cookie Information
If you would like to know exactly what cookies are being used on our website or by Google Analytics and how they operate, please click “Manage your consent” or if you would like to find out more about the EU Cookie Law, you can do so via the links below.
To ensure the fund data displays correctly on each of the fund pages, please enable the Functional cookies in the footer banner by switching it on in “Manage your consent” and refresh the page.