Model Portfolios and Bespoke DFM Solutions for IFAs

TAM Europe Asset Management (TAM Europe/TEAM) is a CNMV-regulated discretionary investment manager delivering evidence-based model portfolios and made-to-measure DFM solutions for advisers across Europe. We take on research, trading and reporting so you can focus on clients.

  • Ready-made model portfolios across the risk spectrum — Active and Enhanced Passive ranges with UCITS-compliant funds, daily liquidity and transparent decision-making at a fair cost.
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A range of model portfolios and bespoke DFM solutions providing access to high-quality global asset managers

TAM Active Portfolios
TAM Active Portfolios
Enhanced Passive Investments
Enhanced Passive Investments

TAM TALKS – WEEKLY MARKET UPDATES

Rate Cuts, Sector Swings, and Europe’s Next Moves
September 2025

Rate Cuts, Sector Swings, and Europe’s Next Moves

The U.S. Federal Reserve cut interest rates by 25 basis points this week — its first rate cut since December.

Market Crosscurrents: Inflation Peaks, Gold Surges, and Fed Cut Odds Rise
September 2025

Market Crosscurrents: Inflation Peaks, Gold Surges, and Fed Cut Odds Rise

Inflation shows signs of peaking, fueling a surge in gold as investors seek safe havens. At the same time, rising expectations of a Fed rate cut add momentum to shifting market dynamics.

Markets Find Relief as Fed Shifts Tone
August 2025

Markets Find Relief as Fed Shifts Tone

Political instability, trade tensions, and lower bond yields create a complex environment for investors, acting as both a headwind and a potential support for markets.

Solid business activity, however, helps stabilize European markets by providing a co...

Markets Walk the Tightrope
August 2025

Markets Walk the Tightrope

Global financial markets navigate a precarious balance between growth and risk, with factors like inflation and geopolitical tensions creating an unstable tightrope.

Investors and institutions must carefully move forward, as any misstep could lead to s...

Tariffs, Rate Cuts, and Resilient Earnings Shape the Week
August 2025

Tariffs, Rate Cuts, and Resilient Earnings Shape the Week

European corporate earnings show resilience, led by finance and healthcare sectors, despite pressures from tariffs and a strong euro. The BoE's surprise rate cut and easing geopolitical tensions offer some market relief, yet trade-related uncertainty persists due...

The 15% Compromise
July 2025

The 15% Compromise

Markets welcomed a partial EU–US trade deal, avoiding a full-blown trade war, though a 15% tariff on key EU exports remains. AI optimism and strong US tech earnings—especially from the "Magnificent Seven"—continue to drive market performan...

Strong Earnings Calm Inflation Fears
July 2025

Strong Earnings Calm Inflation Fears

Positive corporate profit reports are easing concerns about rising inflation, suggesting companies can manage higher costs.

This has shifted investor focus to the fundamental strength of businesses, boosting market confidence.

The Boy Who Cried Tariff
July 2025

The Boy Who Cried Tariff

Last week showed how markets grow numb to constant threats—what once sparked panic now gets little reaction.

The media even dubbed this desensitisation the "TACO Trade"—Trump Always Chickens Out.

Tariffs, Debt, and No Fear
July 2025

Tariffs, Debt, and No Fear

The trade outlook remains murky as the US tariff pause expires on 9 July.

The US is back in hardball mode, but markets seem numb to Trump’s threats and reversals as stocks keep pushing to record highs.

Dodging Bullets, For Now
July 2025

Dodging Bullets, For Now

This was a week when everything could’ve gone wrong—but didn’t. Quite the opposite.

Israel and Iran agreed to a ceasefire (for now), oil prices fell—easing inflation concerns—and US economic data continues to soften just e...

LATEST MARKET INSIGHTS

US Shutdown: Politics Versus Portfolios
October 2025

US Shutdown: Politics Versus Portfolios

The US government has entered another shutdown after lawmakers failed to pass a budget.  These events often make headlines, but their impact on markets is usually small and temporary.

We look at what this means for investors and why our portfolios remain positioned for the long term.

The Iceberg Principle: Markets Above, Risks Below
September 2025

The Iceberg Principle: Markets Above, Risks Below

Markets have continued to climb in 2025, defying concerns over US growth, inflation and global tensions.  Yet like an iceberg, much of the investment story lies beneath the surface. 

We explain how TAM is managing portfolios to capture the upside while preparing for risks that are less visible.

Iran, Israel and the US: Markets on Alert Amid Escalation
June 2025

Iran, Israel and the US: Markets on Alert Amid Escalation

Tensions between Iran, Israel, and now the US have escalated, driving oil price volatility and market uncertainty.

We explore the military developments, inflation risks, and what they mean for interest rates, investor sentiment, and portfolio positioning.
 

US Equities: Overvalued, Overloved, or Overlooked?
June 2025

US Equities: Overvalued, Overloved, or Overlooked?

US equities remain a source of debate, with high valuations and concentration risk raising concern.

Yet strong consumer spending, AI-driven innovation, and passive inflows continue to support the market. We explore the risks, the resilience, and where value may still lie.

Unpacking the New Playbook: Tariffs, Trade, and the Road Ahead
May 2025

Unpacking the New Playbook: Tariffs, Trade, and the Road Ahead

Whilst recent moves by the US administration have unsettled markets, a tentative de-escalation in US/China relations offers some relief.

In this note, our investment team explores what these developments mean for investors, how different regions are responding, and how we are positioning in light of both near-term risks and long-term opportunities.

2025 Portfolio Outlook: Balancing Growth and Resilience
December 2024

2025 Portfolio Outlook: Balancing Growth and Resilience

As 2025 approaches, the US market remains the focal point for investors. While optimism is high, potential risks call for careful positioning.

Discover how TAM is balancing opportunities with diversification to navigate the year ahead.

Sustainability in Focus: Navigating Key Trends and Opportunities for 2025
December 2024

Sustainability in Focus: Navigating Key Trends and Opportunities for 2025

TAM's ESG Analyst, Dan, explores the challenges and opportunities in sustainable investing as we head into 2025. From climate concerns to regulatory advancements, the note highlights how TAM’s Sustainable World portfolios are positioned to navigate this evolving landscape and deliver long-term value for clients.

Navigating the ‘Trump Trade’: Insights from TAM
December 2024

Navigating the ‘Trump Trade’: Insights from TAM

Donald Trump’s return as the 47th President of the United States has already begun to shake up the markets. In this note, James Penny reflects on TAM’s swift response to the election outcome, shares insights on key policy impacts on portfolios, and discusses what we might expect from Trump’s first 100 days and beyond.

The new gold rush
September 2024

The new gold rush

Gold has returned 22% in the last six months driving the metal to all-time highs in US dollars as well as multiple other currencies. The question investors must ask is whether this is a cyclical move, or has gold proved itself as a building block within portfolios?

How Magnificient is AI
September 2024

How Magnificient is AI

Twist and turns in the Magnificent 7 have propelled the S&P 500 beyond what many investors have expected. Optimism surrounding the utility of artificial intelligence (AI) to transform businesses have led a ‘gold rush’ to beneficiaries of the technology.

The Fed and Tokyo: Correction or Contagion?
September 2024

The Fed and Tokyo: Correction or Contagion?

After a strong rally since the start of the year, the first week of August saw a deeply negative period for developed markets.

The UK election: Will it or won’t it influence the market?
July 2024

The UK election: Will it or won’t it influence the market?

With the British Prime Minister, Rishi Sunak, recently announcing a snap general election taking place on the 4th of July, it is worth taking a look at how TAM think this is going to play out in the market.

THE SQUEEZE ON FEES
April 2024

THE SQUEEZE ON FEES

Are we now in a “race to the bottom” paradigm where DFMs are being pressured to slash fees to compete for assets whilst still offering value for clients? In this Market Insight we explain why we do not believe this is the case.

INFLATION: STAYING DOWN OR RISING BACK UP?
April 2024

INFLATION: STAYING DOWN OR RISING BACK UP?

Any movie watcher will know that well-trodden scene in which the hero puts the villain to the sword, turns around triumphantly only to see the same villain rising ominously behind them ready for action. In this Market Insight we discuss inflation and is it really under control?

'YOU HAVE TO KNOW THE PAST TO UNDERSTAND THE PRESENT'
April 2024

'YOU HAVE TO KNOW THE PAST TO UNDERSTAND THE PRESENT'

In the first three months alone, stock markets have already met or exceeded their targets for the entirety of 2024. Some will see this as a sell signal and others, a buy signal. Well, that’s what makes a market. In our Market Insight we take stock of an exciting start to the year.

TAM Sharia: Where we've been and where we're going
April 2024

TAM Sharia: Where we've been and where we're going

2023 has drawn to a close and investors are beginning to open the bonnet of their portfolios to check which areas need tweaking.