We write this piece in the aftermath of a convincing victory for Donald Trump in the US presidential election, with the Republican Party also having taken control of the Senate and the House of Representatives. Financial markets had begun to move in Trump’s favour...
In recent memory, emerging markets have been somewhat absent from the equity market party. The benchmark equity index, MSCI Emerging Markets (MSCI EM), still sits some 15% below its 2007 peak. On the surface this makes sense, as investors in emerging markets must...
In November 2020, the global market value of negative-yielding bonds, which require their holders to pay for the privilege of owning them, reached 18 trillion US dollars. By January 2023, following an aggressive interest rate hiking cycle by central banks, that figure...
Commodity companies have suffered years of underinvestment which has created an ever-widening gap between future demand and future supply. As the world transitions to a more sustainable future, we believe commodity equities currently offer investors an attractive...
Foreign currency has competed fiercely with other astounding price moves this year for investors’ attention, significantly inflating or deflating returns on foreign assets for international investors. For investors in the UK, investments denominated in US dollars have...
It has been a testing time for investors in China, which has experienced a series of shocks to the investment backdrop that have spilled over into all sectors of the equity market, both in Shanghai and in Hong Kong. In what follows, we will explain why, in the face of...