Gresham House
Specialist asset management
Gresham House Monthly Monitor – June 2026
Most global equity markets are currently in a bubble. A bubble is not merely an asset that has risen sharply in price, nor is it simply expensive by conventional metrics.
Category: News
Gresham House Monthly Monitor – April 2026
Emerging markets have quietly reasserted themselves
Following the drawdown triggered by the escalation of conflict in the Middle East, EM equities have recovered strongly, with the MSCI Emerging Markets Index now approaching prior highs. While this resilience may appear surprising given geopolitical and energy sensitivities, it is important to recognise how difficult this asset class has been historically.
Gresham House Commercial Property Monthly Monitor – March 2026
Irish commercial property continues to show clear signs of recovery as we move through early 2026, supported by a resilient economic backdrop.
Precious Metals: Valuation and Tactical Rotation
We have held gold in our multi-asset portfolio for many years despite not being “gold bugs” by any means. Our logic for holding gold was based on economic history. We view gold as insurance and as a store of value when confidence in fiat currencies and financial engineering wavers or collapses.
2026 Outlook: An AI bubble – but still plenty to buy
Is an AI bubble starting to form? Derek Heffernan explores where risks are building – and how selective diversification can uncover attractive opportunities.
Irish commercial property market continues to gather momentum
We explore how a resilient economy, steady interest rates, and renewed investor appetite are driving growth across office, retail, and industrial markets.
Where we see value
Discover global equity opportunities in Emerging Markets, Developed Markets ex-US, and deep-value US stocks, balancing risk with long-term growth.
What could derail the fiscal-induced high?
In the August 2025 monthly monitor, Gresham House Ireland reviews the risks of AI overinvestment and rising US tariffs, alongside reasons for continued equity market optimism. Discover how supportive fiscal policy, low oil prices and attractive valuations are shaping investment opportunities.
Clontarf Claims 2025 Gresham House U17 Girls Cup Victory
Clontarf Cricket Club secured the 2025 Gresham House U17 Girls Cup at Sydney Parade, advancing to the All-Ireland competition after a strong team performance.
Merrion Triumph in Gresham House U17 Boys Cup
Gresham House Ireland proudly supported the 2024 U17 Boys Cup, where Merrion Cricket Club claimed victory at Park Avenue, Dublin. The tournament highlights our commitment to youth cricket, grassroots sport, and community investment across Ireland.
Market update – July 2025
Explore the factors influencing the US Dollar’s trajectory, including Washington’s policy mix, fiscal deficit, and potential short-term catalysts for outperformance. Stay informed with insights from Senior Investment Analyst Kudakwashe Damba.
US Dollar weakness: can the Greenback make a comeback?
Explore the factors influencing the US Dollar’s trajectory, including Washington’s policy mix, fiscal deficit, and potential short-term catalysts for outperformance. Stay informed with insights from Senior Investment Analyst Kudakwashe Damba.
Will European Banks continue to perform?
European banks are outperforming major tech stocks, yet still trade at deep discounts. Explore why improving fundamentals and rising loan growth make this sector a hidden gem for investors.
Tariff reaction – a new world is emerging
Discover how Trump’s tariffs impact global trade, US prices, and market volatility in 2025, leading to higher costs and economic uncertainty.
Irish commercial real estate market update
In this instalment of the Monthly Monitor, the team discuss the promising market outlook for commercial property sector in Ireland.
Gresham House Ireland scales up its Real Estate executive team
We are pleased to announce several changes to our Real Estate senior management structure as we prepare for the next wave of growth.
2025 outlook – avoiding the punch
In this instalment of the Monthly Monitor, the team discuss PIIGS and the attractive investment opportunity they could offer.
Buy the PIIGS
In this instalment of the Monthly Monitor, the team discuss PIIGS and the attractive investment opportunity they could offer.
The changing pensions landscape
In this instalment of the Monthly Monitor, Kathryn Hannon, Head of Private Clients, discusses the changes with Alan Ryan from Paul Ryan Pension & FInancial Consultants.
The use of timber in construction
Decarbonisation is a global megatrend which is influencing the materials used in construction. Rather than concrete or steel, timber is increasingly being used in buildings, reducing the carbon footprint, cost and construction time of new developments.
Gresham House aims to significantly grow its business in Ireland
Our CEO, Tony Dalwood, has announced plans to significantly grow our operations in Ireland over the coming five years.
The bright future of small caps
Small caps are starting to shine, and we expect their radiance will continue to illuminate the market for a while.
The turn of the commerical property cycle could be in sight
The recent decision by the European Central Bank to reduce interest rates may mark the turning point in the property market cycle.
Calling the next bull market
After a decade of US outperformance, investors are rebalancing away from the region and into areas that have been capital starved and are primed for the coming bull market.
Gold – a new bull market?
Gold investors are usually left behind in a market where equities are also strong, however that is not the case this time.
Commercial property in a downturn
The Irish commercial property market is undergoing a cyclical downturn. However, this downturn is not confined to the Ireland with CBRE reporting difficult investment markets around Europe.
The US and downside risks
We analyse every investment we make through a ‘survive then thrive’ framework. This involves looking at risk before potential reward.
The resilience of the US residential property market in 2023
At the start of 2023, there were serious concerns about the US residential housing market and its potential to cause a recession. If investors had foreseen the most aggressive Central Bank monetary tightening in history, there is no doubt that a serious crash would have been expected, but it hasn’t materialised.
Higher real yields – short-term pain for long-term gains?
Real yields have garnered attention recently after experiencing a significant rise, returning them to normal historical levels.
Higher for longer?
The negative narrative in the UK is well-worn however, there are areas of positivity within the UK economy.
The UK – Lost cause or great opportunity?
The negative narrative in the UK is well-worn however, there are areas of positivity within the UK economy.
Why we still love dividends
Over the long-term, dividends provide the majority of returns. The starting dividend yield is the most consistent contributor to equity returns.
Valuation matters – The case of Nvidia
The share price of Nvidia Corporation, the US multinational technology company has dramatically increased recently.
