Global Equity ESG, H1 2024 Report
Fast reading Recent pushback against ESG integration is nothing new; meanwhile, progress on an ever more structured, rigorous approach to sustainable investing continues apace. Principal adverse indicators (PAIs) are useful metrics to demonstrate how investments can negatively affect factors relating to sustainability, from carbon emissions to human rights. We use PAIs to help us measure […]
Stocks edge upwards as looser policy looms
market snapshot
AI: Transformative technology 75 years in the making
The pioneering British mathematician and computer scientist Alan Turing predicted in 1950 that by the end of the 20th century, the use of words and general educated opinion would have altered so much that we could all ‘speak of machines thinking without expecting to be contradicted’. He was slightly optimistic with his timeline but if […]
Will new reforms tackle the ‘Korea discount’?
Fast reading The dominance of ‘chaebols’ – large, family-owned business conglomerates – has contributed to limited protection for minority shareholders in South Korea and, as a result, lower equity valuations. In addition to complex shareholding and ownership structures, other concerns include: sizeable balances of shares sometimes held in treasury; directors having no legal fiduciary duty […]
Cat on a hot tin roof
Market snapshot
School’s in session
With colleges and schools resuming, September always feels like a fresh start. The markets are studying economic data and Federal Reserve communication anew to determine when it will finally ease. In Jackson Hole, Federal Reserve Chair Jerome Powell all but promised he would announce the first cut at the upcoming policy-setting meeting on 18 September. […]
Sustainable Global Equity, Annual Report, 2023-24
Fast reading Investment review, June-to-June Engagement overview Anniversary Q&A: Celebrating three years of the Sustainable Global Equity Strategy ‘Leader’ case study: Nvidia ‘Improver’ case study: LKQ ‘Impact’ case study: Novo Nordisk A high conviction, fundamental strategy targeting sustainable companies: profitable businesses whose products, operations and activities help create a more sustainable future. Sustainable Global Equity, […]
Life Sciences: Four reasons why this out-of-favour sector deserves your attention
Edit with Elementor Loading ife Sciences: Four reasons why this out-of-favour sector deserves your attention Life Sciences encompass all the scientific disciplines that study living organisms, including biology, biochemistry, genetics, and microbiology. It can often be conflated with Biotechnology or Biotech which has a reputation in the investment world for being volatile. At Federated Hermes […]
Here we go again
It should be no surprise when the financial markets get ahead of themselves. And we don’t need to be an expert at behavioural economics to know rational investors don’t exist. But that doesn’t make it any less frustrating when traders get over their skis, adding volatility and detracting from liquidity in the market. Just as […]
The Power of Diversification
Portfolio composition in Real Estate and Private Debt
