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  • 09/04/2019
    Equities
    Chi Chan
    Rollout of 5G presents opportunities for investors outside of the usual beneficiaries of the network
  • 26/11/2018
    Equities
    Chi Chan
    In a few short years, Black Friday and Cyber Monday have been ingrained in the European retail calendar with outlets publicising their deals days or even weeks in advance. Gone are the days of hordes of consumers queuing outside shopping centres at 4am in a desperate bid to have their first pick of the sales with only a quarter of all Black Friday spending expected to take place in stores1. The queues have instead moved online, swapping the fresh air and elbowing for a comfortable chair, broadband connection and a few clicks of a mouse. With fears of oversaturation, Chi Chan, European Equities Portfolio Manager, asks whether the online market is still in its prime and identifies three companies involved in the online revolution.
  • 13/08/2018
    Equities
    Chi Chan
    The push to reduce carbon emissions is well underway. But to meet the 2030 target set out at the 2015 Paris Agreement, technological innovation is needed. Here we explain how Advanced Metallurgical Group is playing its part in enabling a low carbon future. In 2015, national governments, private sector companies and local authorities across the world pledged to reduce carbon emissions as part of the Paris Climate Agreement. And although progress has been made – CO2 emissions have remained stable since 2014[footnote]“The Emissions Gap Report 2017,” published by UN Environment in November 2017.[/footnote] – there is still a long way to go. According to the United Nations, adopting new technologies in key sectors, such as energy, agriculture, industry, transport, buildings and forestry, could reduce emissions by up to 36 gigatonnes per year by 2030 “The Emissions Gap Report 2017,” published by UN Environment in November 2017. Our current holding Advanced Metallurgical Group (AMG) produces critical components for technologies that tackle CO2 reduction.
  • 27/06/2017
    Equities
    Chi Chan
    Between luxury and mass-market, there is a segment that marketers call “masstige” –prestige for the mass market – which is defined as “premium but attainable” according to Chi Chan and Martin Todd, European Equities Portfolio Managers at Hermes Investment Management. This usually refers to a dilution of a high-end brand (think of the diffusion lines like Armani Exchange for Armani or Miu Miu for Prada), but it can also be the upscaling of a mass market category.
  • 12/12/2016
    Equities
    Chi Chan
    The lure of exciting ‘blue-sky’ stocks is understandable. Visionary companies like Tesla have the potential to generate enormous returns, if they can harness and monetise innovative ideas. Unfortunately, these types of stocks also carry considerable risks. Value is often intangible and unsupported by near-term earnings, while P/E multiples can be dizzying. Furthermore, investors may face stock dilution in the event of further rounds of fundraising, says Chi Chan, European Equities Portfolio Manager at Hermes Investment Management.