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.
9 June 2025
Daily market update: Revolution Beauty, Frasers, Boohoo, WPP“The FTSE 100 held firm at the start of the new trading week as investors continued to wait for trade talk updates,” says AJ Bell Investment Director Russ Mould.
“Miners were higher despite weak data from China as the impact of the trade tensions between the world’s second largest economy and the US was laid bare. Exports to America plunged and...
6 June 2025
Daily market update: FTSE 100, Tesla, HSBC, Rosebank“The UK stock market was a rare bright spot among a lacklustre session for European equities on Friday,” says Russ Mould, Investment Director at AJ Bell.
“The FTSE 100 advanced 0.2% to 8,829, with two thirds of the index’s members in positive territory. Utilities and healthcare led the charge as investors focused on dividend-paying defensive-style...
5 June 2025
Daily market update: ECB rate decision, Wise, Wizz Air, Mitie, Marlowe, Dr Martens“European shares tread water ahead of the European Central Bank's (ECB) interest rate decision,” says Russ Mould, Investment Director at AJ Bell.
“The ECB is widely expected to cut the cost of borrowing. Investors will be more focused on any signals regarding the pace of any further potential cuts.
“Inflation isn’t a problem, but sluggish economic...
4 June 2025
Daily market update: Trump's trade policy, FTSE 100, Airbus, WH Smith, B&M“Markets remain in a holding pattern pending an update on trade negotiations between the Trump administration and various foreign governments,” says Russ Mould, Investment Director at AJ Bell.
“All eyes are on China given it is currently the biggest loser from Trump’s new trade policy, and it looks like we’re still some way off from a deal between...
3 June 2025
Daily market update: Thames Water, British American Tobacco, MJ Gleeson, Dalata Hotel“European equity markets struggled to find direction early on Tuesday, with investors still showing signs of nervousness around tariffs and the economic outlook,” says Russ Mould, Investment Director at AJ Bell.
“The Organisation for Economic Co-operation and Development (OECD) has downgraded its forecast for global economic growth as the effects...
2 June 2025
Daily market update: Trump, defence stocks, Anglo American, Indivior“Donald Trump has upset markets once again,” says Russ Mould, investment director at AJ Bell.
“Doubling import taxes on steel and aluminium, and aggravating China once again, mean we face a situation where uncertainty prevails. Trump’s continuous moving of the goal posts is frustrating for businesses, governments, consumers and investors.
“Equity...
30 May 2025
Daily market update: FTSE 100, US rally, M&G, Costco“The story on tariffs has more twists than an M. Night Shyamalan film, with a federal court providing the latest plot point overnight,” says AJ Bell investment director Russ Mould.
“The relatively muted response to the US Court of International Trade ruling apparently wiping out tariffs on Wednesday betrayed an understandable scepticism about that...
29 May 2025
Daily market update: Tariffs ruling, Nvidia, China & US trade policy, Auto Trader“The US Court of International Trade has generated some hope in the market that the tariff threat might be wiped away with its latest ruling,” says AJ Bell investment director Russ Mould.
“For the court to determine that President Trump didn’t have the authority to impose the ‘Liberation Day’ tariffs is a pretty seismic development.
“That the gains...
28 May 2025
Daily market update: Kingfisher sticks with guidance despite UK beat and Pets at Home solid“The FTSE 100 ticked higher after an increase in US consumer confidence and a delay on the punishing EU tariffs announced by the Trump administration helped US stocks to surge overnight,” says AJ Bell investment director Russ Mould.
“However, with US futures pointing to some retrenchment when Wall Street resumes trading later, it’s clear there is...
27 May 2025
Daily market update: UK stocks rebound after US U-turn on EU tariffs and Tesla faces BYD threat“The latest U-turn on tariffs from the Trump administration gave European markets a boost yesterday and have helped UK stocks return from the Bank Holiday with pep in their step,” says AJ Bell investment director Russ Mould.
“The market is beginning to come to the view that the US trade policy’s bark is worse than its bite as an initial threat of...
