Axis Tactics 29th September, 2025 - 'Tis the Season to be Tactical

| Global Strategy Update | ISA Accounts Now Supported | Shariah Portfolio News |

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Notable Mentions

ISA Accounts now supported

In conjunction with our HMRC-Approved Clearer, we are now offering ISA Wrapper Accounts (Tax Efficient Accounts for UK Nationals) for Individuals (Adults and Juniors) via our platform. Please do get in touch if this is of interest.

These accounts can be held on a fully portfolio managed or an advisory basis, in conjunction with your current points of contact.

Shariah Compliant Portfolios

We have also re-screened our Shariah-compliant Universe to identify and update our listings of the Global Top 500 Companies that are Shariah-compliant. For more information on this and on how we can design a Shariah-compliant portfolio that also meets your precise investment objectives and risk tolerances, please reach out to your usual point of contact.

We favour some of the names in the top 500 far more than others, the above listing is for illustrative purposes only.

Irrespective of your belief system, the Shariah 500 identifies Companies which adhere to high standards of fiscal discipline, leverage and operational principles. As a result the listing can be a useful guide for low and moderate risk investors, as the constituents tend to have a far lower probability of default.

Investment Recommendations

In the section below, we will be setting out our investment ideas on the following themes:-

1. M&A/ Event Arbitrage - We have identified 4 listed target companies that have accepted bids from acquirors and are priced to return, unleveraged, over 10% in USD, within 12 months (stc).

2. Fixed Income - USD Corporate Fixed Income yielding between 6% & 25% and GBP Corporate Fixed Income Yielding between 5% & 15%

Sovereigns to follow in coming issues.

Global Equity Indices Recommendations & Strategy Calls

It has been a relatively peaceful for few months now, since April. There has been little need to switch positions around in the midst of a strong bull trend that has also been blessed with low volatility.

We suspect that we are now at a point where one has to be prepared for a more tactical and nimble footing. The melt-up may continue a little further but we are constantly watching for a rarefied atmosphere - and it’s starting to feel that way….

We will be posting our time-frames, levels and targets for Equities, FX and Metals in the section below over the coming weeks.

For current & precise entry/exit levels and intra-day position updates in real-time, please reach out to your Axis IM directly.

If you would like to view the Investment Recommendations Section below, please request access from your Axis point of contact.