Has the Fed’s rate-cutting cycle been knocked off course?
market snapshot
Beyond paper gains: the rising prominence of DPI and its focus on real returns
Fast reading In an era of higher interest rates, it has become increasingly difficult for general partners (GPs) to exit companies they bought during the bull market. Return estimates for PE portfolios have traditionally included the value of investments in companies that haven’t yet been sold or exited. These are typically evaluated using metrics such […]
Trump win sparks stock rally despite inflation fears
market snapshot
Trump win gives Republicans strong mandate
Stephen Auth, CFA Executive Vice President, Chief Investment Officer, Equities Trump wins “Bigly”; Senate flips; House still undecided. Confounding the experts, President Trump handily won the Presidential election late on election night. Along with this, he solidly flipped the Senate; the only branch of government undecided as of this moment is the House, which will be […]
Engagement has a crucial role to play in the green transition
Fast reading Encouraging carbon-intensive companies to implement decarbonisation strategies is crucial to bringing down global emissions and supporting the transition to net zero. Investors are in an important position to affect real change among high-emitting companies through purposeful and effective engagement. The greatest potential for improvement lies with small- and mid-cap (SMID) companies, in our […]
Fuzzy picture
A common misconception about money market products is that they are only concerned with short-term economic developments because daily liquidity is a defining feature. But cash managers seek to gain higher yields than deposit products by investing across a longer time horizon, often out to a year. Noise in the data and news is no […]
A big-swing budget
market snapshot
Strategic Value Dividend: Why now, why always
Why do dividend-paying strategies make sense? Video transcript For the dividend investor, the ‘why now’ question really is a ‘why always’ answer. The math of dividend investing is one that works out over years, if not decades, of being a business owner through the stock market. It implies a certain degree of patience and watching […]
Is the auto sector stuck in second gear?
Fast reading Q2 2024 results revealed a slowing demand for cars, especially in Europe and China, because of elevated interest rates and a soft economic environment. Automotive suppliers are more negatively impacted compared to their original equipment manufacturer (OEM) customers. Protectionist measures in response to the influx of cheap Chinese electric vehicles have created a […]
MNA: the building blocks of the euro bank merger cycle spring back to life
Stripped down to the basics, life on Earth offers local respite from the universal, inexorable drift towards entropy by using information to create order from chaos for the price of energy. The anti-entropy trick in all living cells relies on three key molecules that orchestrate, implement, and fuel an intricate, ingenious cycle: deoxyribonucleic acid, better-known […]
