In this episode of Inside the Markets, Katie Sykes, Investment Marketing Specialist, is joined by Craig Melling, Director of Investment, to explain why UK gilts are back in focus for investors.

Using the example of a £100 government IOU, they break down what coupon, price, maturity and yield mean, explain why gilt prices and yields move in opposite directions, and explore the factors currently influencing the gilt market. They also consider whether gilts are genuinely ‘safe’, how returns can come from both interest and price, and why the distinction matters for tax.

The discussion examines the potential role of gilts in generating income, diversifying a portfolio and matching money to future needs, while highlighting the risks investors should understand and why the highest headline yield does not necessarily produce the highest return after tax.

Welcome to the first episode of Inside the Markets podcast from Progeny Asset Management. We’re focusing on how systematic investing has evolved - from its origins as a highly specialised, quant‑driven approach into something far more accessible and widely used today.

What was once a niche part of the market has become a genuinely distinct investment style, sitting alongside active and purely passive approaches. It’s now a meaningful component of mainstream portfolio construction, with advisers increasingly using systematic strategies in thoughtful and deliberate ways.

We’ll unpack how that evolution has taken shape, why it matters for investors, and how these approaches can play a role in diversified portfolios across different market environments.

In this episode of Inside the Markets, Katie Sykes, Investment Marketing Specialist, and Rob Harrison, Head of Systematic, unpack the differences between whole of market, restricted and single-provider investment approaches.

They explore why some firms favour a smaller group of investment providers, how investment teams identify and select funds, and whether access to a broader range of investment opportunities automatically results in a better portfolio.

Along the way, they discuss diversification, governance, manager research and portfolio construction, before sharing practical questions investors can ask to better understand how their portfolios are being managed and whether the approach is right for them.