The global consolidation wave in 5 charts

Paul Hennessy

As a wave of mergers and acquisitions has swept the business world in recent years, more industries have come to be dominated by just a few massive companies. In many sectors, competitors have joined forces to build scale and drive innovation amid mature growth. Show More

The state of global trade tariffs in 6 charts

Paul Hennessy

Global trade tensions are on the rise. And while much of the attention has centered on a series of retaliatory tariffs between the United States and China, trade disputes with European and North American allies also have strained traditionally friendly relationships. Show More

Inflation: no room for complacency

Paul Hennessy

The recent uptick in global market volatility has been driven by fears about price pressures and inflation. My colleague, investment director Andy Budden, answers questions about the inflation outlook and reflects on its implications for different asset classes. Show More

A Growing Disconnect between Politics and Markets

Paul Hennessy

My colleague, Wesley Phoa, argues that “the key to successful active management in periods of elevated uncertainty is not to stake everything on single-point forecasts. Rather, it is the ability to apply detailed policy analysis to a range of scenarios, and to maintain enough portfolio flexibility to respond rapidly and... Show More

Not all fund managers can stand the test of time

Paul Hennessy

Ten years ago, nearly 5,400 US-domiciled mutual funds were available to investors. Today only around 36% of them are still in existence, according to Morningstar data. The chances of long-term investors picking funds that are later merged or closed are fairly high. Show More

China’s Tech Giants Are Leapfrogging the U.S. in Mobile Innovation

Paul Hennessy

China’s internet companies are developing cutting-edge mobile applications and leapfrogging the titans of U.S. technology in certain respects. China is no longer simply a tech copycat: Tencent, Alibaba and Baidu are playing a leading role in China’s shift to a consumption-led economy. Capital Group expects increasing amounts of mobile innovation... Show More

The new breed of global companies is creative, nimble and networked

Paul Hennessy

There has been a rapid shift in the makeup of global business, beyond the traditional giants. A host of new global companies – such as Google, Apple and Amazon - is rapidly emerging, often with a unique solution to a global problem. Global equity investors need to be mindful that... Show More

An integrated approach to responsible investing

Paul Hennessy

Climate change has financial implications that are too big to ignore. Companies that do not anticipate regulatory developments may be at risk of a higher cost of capital, more expensive regulation or redundant assets. At Capital Group, we recognise that corporate decisions have the potential to cause harm to people... Show More

Is the worst over for emerging markets after a rough three-year stretch?

Paul Hennessy

While economic uncertainty remains high, especially in Britain and the US, interestingly many emerging markets’ economies are at the beginning stages of economic reforms and recovery. And with expectations dimming on the prospect of the US Federal Reserve raising interest rates anytime soon, developing countries stand to benefit. What’s more,... Show More

No comments.