Beyond Bulls & Bears

Card image cap

A Sense of Déjà Vu

We enter 2016 with a sense of déjà vu. Areas of the global financial market where longer-term risk/reward profiles were more attractive to us last year remain so in the early stages of 2016, driven in part by the persistence of several important financial and economic factors.

Card image cap
Equity

In the Know: What’s Ailing US Biotech?

Even if Hillary Clinton’s prescription plan, as we currently understand it, did ultimately pass, in my view the impact would be very manageable for the (biotech) sector.

Card image cap

Connecting with the “Internet of Things”

We now see a trend where smart devices can connect to one another and share data, allowing them to perform new and exciting tasks. We believe the explosion of such connected devices will significantly change the way individuals and businesses operate on a daily basis.

Card image cap

Kissing a Lot of Frogs: The Work of a Small-Cap Manager

Given the (UK) domestic bias to the earnings of smaller caps compared with larger caps, small caps seem to us to be more attractive as the global growth outlook faces numerous headwinds

Card image cap
Equity

Finding Value in Volatility

As the US Federal Reserve Board attempts to begin raising rates, we see a potential catalyst for a value recovery over our long-term investment horizon.

Card image cap

Summer Slump Strikes Oil Again

The timing and the amount of (Iranian) oil that will find its way into the market are still hotly debated, and this will determine whether the return of Iranian barrels will be orderly or become disruptive to global markets.

Card image cap

Europe: Back to Business

The main, very positive consequence of the Greek rescue agreement—even if nobody in Greece or in the eurozone at large seems to like it—is that Greece appears to be staying in the eurozone and the construct has been safeguarded.

Card image cap

Greece’s Precarious Position

Given how fluid this situation is currently, attempting to assign probabilities to a Greek exit scenario remains a moving target on a daily basis.

Card image cap

Is There Value Left in UK Stocks?

A phenomenon that we think will have an increasing impact on stock markets this year is merger and acquisition (M&A) activity, which has been running at markedly lower levels in the last year or so, particularly in the United Kingdom.

Card image cap

Exporting the “Bacon Genie” and Other Reasons to Be Bullish

The global economy is at a crossroad of sorts, facing a paradigm shift that is necessary for sustainable growth in the future. In our view, modifications in policy and consumer behavior will be requisite in both developed and emerging nations.

Card image cap

Are European Profits Poised for a Comeback?

I believe the positive (earnings) trend will continue due to a handful of macro factors including labour reforms, lower borrowing costs and, especially, the depreciated euro, which all could help companies grow their profits.

Card image cap

Looking Beyond the Babble over Bubbles

Longer term, we do not think an increase in interest rates would necessarily be a negative for equity markets, particularly because a return to normal rates would be regarded as a sign of the Fed's confidence in the strength of the US economy and its belief that the economy could stand on its own.