Russ Mould is AJ Bell's Investment Director. He has a Master's degree in Modern History from the University of Oxford and more than 30 years' experience of the capital markets.
He started out at Scottish Equitable in 1991 as a fund manager, where he had responsibility for the Nordic and Swiss equity markets. In 1993, Russ joined SG Warburg, now part of UBS investment bank, and worked there as an equity analyst covering the technology sectors for 12 years. He has also worked on IPOs and M&A deals. Russ was voted best analyst in the semiconductor sector in 2001 by Institutional Investor and reached the level of Managing Director in 2003 when he became head of UBS' global semiconductor research effort.
A member of the Chartered Institute for Securities and Investment (MSCI), Russ is responsible for providing written and video content for customers and clients. He also helps to build the company’s profile in print and broadcast media as part of AJ Bell's wider PR and brand team, working alongside the Investment Committee.
Russ joined Shares Magazine as technology correspondent in 2005 and took on the post of Editor in 2008. He was appointed as AJ Bell's Investment Director in 2013 following the company's acquisition of Shares' parent company, MSM Media. Russ regularly creates content across the AJ Bell website, including the Daily Market Update and Chart of the Week, and he hosts his own 'Breaking the Mould' weekly video series.
Outside of work, Russ is a qualified cricket coach, Italian speaker and avid fan of Doctor Who and NFL.
23 April 2025
Daily market update: Croda, THG, Tesla, Reckitt“European markets including the UK enjoyed a solid bounce following yesterday’s strong rally on Wall Street,” says Russ Mould, Investment Director at AJ Bell.
“There are several reasons why markets have moved higher. Yesterday, Treasury Secretary Scott Bessent said the trade war between the US and China was unsustainable, with Donald Trump...
22 April 2025
Why investors need to keep watching the yenPolicy statements on trade, the tariffs and the dollar from Washington and Beijing are dominating the headlines and the attention of stock, bond, commodity and currency markets. But investors must pay heed to what is going on in Tokyo, too.
A major rally in the yen was fingered as the cause of last August’s brief stumble in share prices around the...
22 April 2025
European stocks, gold, Tesla, DCC“European markets started back after Easter in steady enough fashion despite a continuing flight from US assets,” says AJ Bell Investment Director, Russ Mould.
“Persistent comments from President Donald Trump, which put the independence of the US Federal Reserve in question, resulted in weakness in the dollar, US Treasuries and Wall Street...
22 April 2025
Why investors need to keep watching the yenPolicy statements on trade, the tariffs and the dollar from Washington and Beijing are dominating the headlines and the attention of stock, bond, commodity and currency markets. But investors must pay heed to what is going on in Tokyo, too.
A major rally in the yen was fingered as the cause of last August’s brief stumble in share prices around the...
17 April 2025
FTSE 100, gold, Sainsbury's, Dunelm“The FTSE 100 was lower in early trading after selling in the US overnight and despite gains for Asian indices,” says AJ Bell Investment Director Russ Mould.
“Discussions between the US and Japan on trade and noises that China might be open to its own negotiations on trade helped improve the mood music in Asia.
“Elsewhere, Taiwanese chip...
16 April 2025
FTSE 100, Bunzl, Barratt Redrow, WH Smith“The FTSE 100 was firmly lower early on Wednesday as investors reacted to the latest developments on tariffs and trade,” says AJ Bell Investment Director Russ Mould.
“A warning from AI chips champion Nvidia that it will face a $5.5 billion hit from tightened US controls on exports to China marks a new chapter in the escalating tit-for-tat between...
15 April 2025
FTSE 100, luxury brands, Halfords, B&M“The FTSE 100 made a strong start to proceedings on Tuesday after comments from US Vice President JD Vance that there’s a ‘good chance’ of a UK-US trade deal,” says AJ Bell Investment Director Russ Mould.
“Suggestions there might also be a softening of tariffs on the motoring sector also helped lift the mood – with names which have sold off most...
14 April 2025
Gold, Goldman Sachs, Wood Group“An announcement slipped out quietly late on Friday exempting smartphones and other electronic goods and components from reciprocal tariffs is making a big noise in the markets on Monday,” says AJ Bell Investment Director Russ Mould.
“Asian stocks made meaningful advances on the show of flexibility and European markets opened firmly higher too...
10 April 2025
Daily market update: Trump tariffs, European stocks, China trade war, Tesco“If you felt a bit of a breeze around 6.30pm UK time last night it was probably the cumulative effect of countless global investors breathing a massive sigh of relief,” says AJ Bell investment director Russ Mould.
“News that the particularly punishing ‘reciprocal’ tariffs introduced by the Trump administration would be put on hold saw substantial...
9 April 2025
US shares touch ‘bear market’ territory: What this meansThe thirteenth modern-day ‘bull market’ in America’s S&P 500 may give way to the thirteenth ‘bear market,’ although the benchmark has started to try and return to safety.
Bear markets occur when a market drops over 20% from its peak price, while a bull market is the rising counterpart. The good news is that bear markets tend to be much shorter than...
