Outlook 2018: Developed markets looking expensive

Jacob Mitchell

The year of 2017 was the year of the structural winner, with the market led higher by the digital platform “FAAMNGS” (the acronym keeps extending as the list of perceived winners broadens) and the stylistic domination of Growth. Disruption was never more topical with nothing appearing more disruptive than crypto-currency... Show More

Baidu: Well placed and well priced

Jacob Mitchell

Baidu, the dominant search engine and “Google” of China, has been a foundation holding at Antipodes Partners. We originally featured the business in our September 2015 Quarterly Report and later expanded the investment case via our Blog in December 2015. Every stock in the Antipodes Partners Funds undergoes ongoing testing... Show More

Politics Strikes Again – TrExit

Jacob Mitchell

Four months ago we sat in amazement as the results of the Brexit referendum were tallied. A strong sense of Deja vu hangs in the air as the tally in today’s US Presidential Election rolls in. Current projections are again a reminder as to how quickly the political landscape has... Show More

The perils of the low rate world

Jacob Mitchell

Generational low interest rates are symptomatic of lower growth and inflation, made acute by central banks reacting to structural factors such as ageing populations, integration of savings rich economies into the world economy, offshoring and more recently deleveraging and excess export capacity. Increasingly, there is mounting evidence that distortions are... Show More

Antipodes LIC exceeds $220m milestone, now accepting over-subscriptions

Jacob Mitchell

Antipodes Global Investment Company Limited (ASX:APL) yesterday exceeded $220 million in subscriptions, the maximum proceeds under the offer (before oversubscriptions). The Listed Investment Company (LIC) has confirmed that it will accept up to a further $110 million in oversubscriptions. APL’s Broker Firm Offer is expected to close this Friday, 23... Show More

Antipodes IPO: Global exposure with less risk

Jacob Mitchell

The initial public offering for Antipodes Global Investment Company Limited (ASX:APL) opens today. The LIC provides investors with access to an actively managed global equities portfolio in the convenience of an ASX listed vehicle. The portfolio will be predominantly comprised of long and short positions in international listed securities and... Show More

Market Commentary - May 2016

Jacob Mitchell

Global equity markets rose 0.1% (USD terms) during May, with ongoing resilience in the United States economy driving gains in the U.S. market (+1.8%) against a backdrop of renewed weakness in non-Asia emerging markets (-9.2%). Show More

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