magazine archive


magazine archive

Feature

Four stocks priced for perfection and likely to disappoint investors

Thursday 14 Nov 2019

Controversial Brexiteer hedge fund manager Crispin Odey is fond of saying that cycles never die, or what goes up inevitably comes back down. What this means is that investors can sometimes mistake structural growth for cyclical growth. This can be applied to a company’s valuation too, which expands...

What’s behind the new all-time high in US markets?

Thursday 07 Nov 2019

If you have just been reading the newspaper headlines over the last few months, it’s been rather gloomy material in general – from increasing US-China trade tensions to fears over Brexit and slowing global growth. And yet one of the most followed global indices – the S&P 500 – hit a new all-...

Emerging markets: Views from the experts

Thursday 31 Oct 2019

1. India’s Finance Minister Nirmala Sitharaman announced a meaningful reduction in India’s corporate tax rates to help spur investment and boost growth in the country’s slowing economy. These changes came as a positive surprise and send a strong signal that the government has recognised the stress...

The demographics driving India

Thursday 31 Oct 2019

The introduction of new more generous tax laws has helped to revive interest in the Indian investment story. Although growth expectations have taken something of a knock in recent months the long-term picture in the country is underpinned by several drivers not least the country’s favourable...

Which assets perform the best in bear markets

Thursday 24 Oct 2019

Worries about the possibility of a global economic slowdown appeared to gather pace last week when China posted its slowest growth since 1992. This adds to existing concerns about a brewing trade war between the US and China, a US stock market seemingly running out of steam, yield curve reversion,...

Why US earnings fears look overdone

Thursday 24 Oct 2019

US stocks have been stuck in a rut for the last few months, unable to break out of their narrow trading range as investors weigh the potential damage to corporate earnings from tit-for-tat tariffs with China and a sharp fall in confidence among domestic manufacturers. Thanks to the trade war, a...

Six fascinating things you didn’t know about Morrisons, AO, Laura Ashley and more

Thursday 26 Sep 2019

Investors typically get to know companies well if they follow their story through trading updates and financial results. That doesn’t always give you the full picture. Several quoted businesses have unusual assets which aren’t front and centre of the investment case. There is often logic behind...

Emerging markets: Views from the experts

Thursday 26 Sep 2019

1. August saw US-China trade tensions escalate with several rounds of retaliatory actions following US President Donald Trump’s announcement early in the month of new tariffs on Chinese goods. The United States also formally labeled China as a currency manipulator after the Chinese renminbi...

Understanding how the Hong Kong stock market relates to China

Thursday 26 Sep 2019

China is one of the world’s largest economies yet its stock market can be difficult for private investors, and even some professionals, to follow. There are three main types of Chinese share. A-shares: renminbi-denominated shares in mainland China-based companies whose ownership is restricted to...

Why Brazil’s Bovespa index is buoyant

Thursday 29 Aug 2019

The election of the perceived market-friendly Jair Bolsonaro as president in October 2018 has proved a strong catalyst for Brazilian equities in 2019. The flagship Bovespa index is up a healthy 13.2% so far this year, compared with an 11.1% advance for the FTSE All-World, according to data from...

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