Like the UK, Latin America has suffered greatly during the pandemic – perhaps even more so. The World Bank estimates that regional GDP may slip by as much as 8%, with more than four million…
Week in Review: Damage from Catalonia?
In a mixed week for the world’s stock markets, European shares fell sharply on Thursday as the Spanish government indicated that it would seek to invoke Article 155 of the Spanish constitution and suspend Catalonia’s…
Where’s the clever money going? October 2017
Sterling movements continue to drive returns for UK investors. Since our last posting towards the end of September, the FTSE 100 has moved steadily upward, remaining above 7500 since 10 October and closing at a…
Making sense of platforms
The costs of holding and trading investment companies on platforms differ widely. Our new research reveals the full picture. Many investors struggle to choose a platform for their investment company holdings as the pricing structure…
Letter From Japan
GEORGE PALMER HAS RECENTLY TRAVELLED TO JAPAN TO MEET COMPANIES THAT WE OWN AND MANY THAT WE DON'T. Due to some odd airline scheduling it is difficult to sleep on the way to Tokyo which…
The Risk of Doing Nothing
I'm forever blowing bubbles, Pretty bubbles in the air, They fly so high, nearly reach the sky, Then like my dreams they fade and die John Kellette, Jaan Kenbrovin 1918 Hardly a day goes by…
A love of acronyms
by Ben Kumar, Investment Manager, Seven Investment Management Ideas are dangerous things. Acronyms are worse. Acronyms distil complex ideas into something easy to remember. If they get really popular, however, the acronym becomes the idea.…
Actively Riding the Wave of ‘Creative Disruption’ For Professional Investors Only
Inspired by economist Joseph Schumpeter’s concept of “creative destruction”, the unspoken theme of Allianz Global Investors’ most recent Investment Forum seemed to be “creative disruption”. Session topics devoted to three types of disruption – technological,…
“Central Bankers Face a Crisis of Confidence as Models Fail”
The title of this week’s commentary is the title of an FT article published at the end of last week as monetary authorities gather in Washington for the annual meetings of the IMF and World…
A rising sun
The CC Japan Income & Growth Trust has been designed to identify exciting investment opportunities as the consensus behaviour in Japan evolves to a more consistent trend more easily comparable to those historically associated with…
Week in Review: Chips with that?
Korea has rarely been far from the headlines recently, given the North’s nuclear tests and missile launches. But the Korean Peninsula offers chips as well as fission. With microchip sales soaring, South Korean shares have…
Big Picture Thoughts as we Head into Q4
Throughout most of the third quarter, it feels like we have been almost obsessively focused on calling a turn higher in both developed market bond yields and the US Dollar. After what feels like forever,…
What the Trump tax plan means for investors For Professional Investors Only
Summary On 27 September, President Trump announced the “framework” for comprehensive US tax reform. Passing the bill will not be easy, but it could simplify the current tax code, increase economic growth and support the…
Week in review: Manchester May-day
British Prime Minister Theresa May used her keynote speech to deliver a powerful message to the Conservative Party’s annual conference in Manchester this week. That message? “Bui_ding a c__ntry tha_ _orks _or ___ryon_”.* Mrs May’s…
Feels Like We Have Been Here Before…
THE ELECTRIC VEHICLE REVOLUTION CHARGING FORWARD? How many people can recall when a famous British inventor last created an electric vehicle?[1] Sir Clive Sinclair dreamt up the C5 in 1979. In that year Millennial’s Baby-boomer parents…
A Synchronised Global Economic Upswing
All major economies are growing for first time since 2007 Amid the gloom and doom that characterises a lot of commentary about our world today, we think it worth noting that the global economy, by…
Some Thoughts on Inflation, Tax Reform and the Fed
Before this week’s report, we wanted to draw your attention to the trade ideas section of the report we have run for the past few weeks. For administration and regulatory reasons, we would like all…
Week in review: Mutti makes it four in a row
Signs that populism is on the wane have been warmly welcomed by investors in recent months. European stock markets and the euro currency have both risen since far-right politicians failed to make gains in the…
What to Expect from the BoJ’s Next Meeting For Professional Investors Only
Summary Although the Bank of Japan has enjoyed some success with its novel approach to financial engineering – including implementing negative interest rates and yield-curve controls – the economy and inflation both need to improve.…