Latin America is at the forefront of renewable energy’s battle against established fossil fuels. Costa Rica is the only country with a 100% renewable electricity grid, while recent energy auctions in Chile and Mexico look…
Asia, without the jitters
Asian markets have been volatile as fears over a trade war and economic weakness mount Thailand’s position as a regional hub has made it less vulnerable Upcoming elections are providing positive news flow By Adithep…
The Pacific Alliance Path to Profits
The turmoil in emerging markets seems all too familiar. In the late 1990s Russia and several Asian countries suffered a series of interlinked crises that stemmed from high fiscal deficits, large current-account deficits, and dollar-denominated…
Catching the waves on Europe’s rolling IPO market
Ollie Beckett, fund manager of TR European Growth Trust, shares some of the Trust’s recent success stories from Europe’s IPO market and explains why investors seeking growth might find Europe’s small and mid-cap space attractive. After a…
Latin America’s Renewable Riches
Latin America has long been at the forefront of the energy industry. In the 20th century British oil firms made great business untapping the massive hydrocarbon potential in places like Mexico and Venezuela. And now in…
Where is the clever money going? June 2018
Despite continuing geopolitical uncertainties – headlined by North Korea, President Trump’s global trade tariff aggression, tension with Russia and Iran, and concerns over Italian politics and the future of its relationship with the EU –…
Why picking winners matters in Asia
When markets are buoyant, active investing can seem old-fashioned. Why bother with all that research - looking at cash flow, monitoring sales growth, meeting management - when an index fund is giving you a good…
A Small Note of Caution on Our Bullish Dollar Thesis
Last week, we laid out clearly our thoughts on the potential for a Dollar rally; and it's nice to get something right, as the Dollar either broke out or extended gains against all major and…
Why the Tiger economies are poised to pounce
Mike Kerley, Fund Manager of Henderson Far East Income Ltd and Director of Pan Asian Equities at Janus Henderson Investors discusses how local Asian companies are challenging multinational brands and driving growth across the region.…
Return of the stock-picker’s market For Professional Investors Only
Summary Many equity investors are grappling with how to invest in today’s market, when volatility has increased yet valuations are still high. For answers, we asked Portfolio Managers Lucy Macdonald and Karen Hiatt – two…
Battle Lines Are Being Drawn
We have regularly discussed our multi-month topping thesis in the last three months (and a few times last year – prematurely as it turned out), and price action in recent weeks has done nothing to…
Some Charts That Are Catching Our Eye
We thought we would have a look at a few charts this week that are catching our eye or have piqued our interest. So, less words this week and more pictures; which should make it…
Where’s the clever money going? March 2018
It’s been an eventful start to 2018, with a return to a more volatile environment as global markets climbing to record highs in January, before several days of dramatic correction at the start of February.…
Argentine Mining – Light at the End of the Tunnel
Mauricio Macri’s surprise 2015 presidential victory raised hopes in Argentina’s mining sector. After all things couldn’t get much worse. Under his predecessor Cristina Kirchner mining had been hit by a 5% export tax imposed in…
Risk of Policy Error Clearly Rising – Some Key Charts and Index Levels
What a difference a few weeks make. At the end of January, financial markets were melting up, commentators were salivating over the US tax cuts within an environment of global synchronised economic growth. Investors of…
From little acorns
Venture Capital Trusts or VCTs are becoming increasingly popular, with demand boosted by valuable incentives for investors in these tax shelters and tighter restrictions elsewhere. However, smaller companies and start-ups held within this type of…
Equity Markets Finally Noticing the Price Action in Bond and FX Markets
We have been highlighting, for a number of weeks, the prospect of higher bond yields and suggesting that equities should eventually adjust to the downside in such an outcome. And for weeks, we looked like…
‘Yield beta’ – perhaps the most important consideration if you own any inflation-linked bonds For Professional Investors Only
Many investors have exposure to inflation-linked bonds, whether it’s within a diversified fixed income portfolio or a multi asset portfolio. The difficulty is that inflation-linked bonds and conventional bonds behave differently. Inflation-linked bonds provide you…
The End of the Dollar Standard Would be a Big Deal
We’ve all seen charts similar to the chart below, showing US bond yields, and the extraordinarily orderly decline in yields over the last 30 years or so. On the chart, we have marked the trend…