Donald Rumsfeld famously called them ‘known-unknowns’ - things we sense are important but don’t fully understand and cannot predict. Bob Dylan put it well, too, when he sneered ‘there’s something going on here, but you don’t know what it is, do you, Mr Jones’. Both point to the investor’s greatest... Show More
As Peter Lynch once famously said “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets”. Today I’m going to discuss some ways in which investors can protect their portfolios from downside risk. Show More
Why now? This is what Japanese football fans asked themselves on the eve of the current edition of the FIFA World Cup. The Japanese Football Federation had just sacked coach Vahid Halilhodžić. Show More
In his latest investment insight, Rob Lovelace, Vice Chairman of Capital Group, explores the profound changes occurring in global trade and key themes investors should consider. Show More
Short-term wins make great headlines, but it's the long-term wins that make a real impact on a portfolio. Superior long-term compound growth is one of the key tenets at VGI Partners. Managing Partner, Robert Luciano, identifies lubricants manufacturer, WD-40 as an example of a superior long-term growth opportunity. Show More
Populism hit the headlines a year ago when the UK voted to leave the European Union (EU), and it has cast a shadow over many political events since then. My colleague, political economist Talha Khan, discusses what could be in store for Europe, considers the effects on the US with... Show More
Travis Kalanick, co-founder of Uber Technologies took the decision to step down despite many commending him for ignoring typical corporate management convention. However, investors were unhappy and subsequently pressured him to resign. So as a shareholder, in any business, who would you prefer, the Founder or CEO? Show More
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
Paul Moore, Chief Investment Officer and founder of PM CAPITAL, says recent noise in investment markets linked to specific events such as Brexit has hidden the fact that the world is at an inflection point. Interest rates may have hit their lows after an historic bull run and he says... Show More
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
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
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
The first decade of this century proved a strong period for emerging market equity investors, as the annualised 10-year return from the MSCI Emerging Markets Index reached 15.9%, versus 2.3% achieved by developed market equities. Then, as the global economy emerged from the GFC, emerging markets (EMs) such as China,... Show More
The notion of ‘buy low, sell high’ might seem obvious – and simple – enough but this oldest piece of investment advice is easier said than done. In fact, the opposite often happens to most investors: they tend to buy high and sell low. During the peak of the dotcom... Show More
Black swan events are events that come as a surprise, have a major impact or consequence and are only rationalised with the benefit of hindsight. They are rare, beyond the realm of expectation and therefore not predictable or predicted. Despite what the sales people tell you, the stock market is... Show More
For years, Amazon has been one of the biggest players in the online retail space. We recently spent some time delving deeper into the business, and there was one particular aspect behind its success which could not be ignored. Show More
Paul Moore, CIO at PM CAPITAL talks to Peter Switzer, reflecting on 30 years of investing in the Funds Management Industry. In particular, he details key lessons learnt and the driving philosophy which determines whether he decides to invest or not to invest. “…It is just based on fundamentals…our process... Show More
There’s no doubt oil prices have dropped a long way in recent months. Of course, that begs the question of whether oil prices are near their bottom and worth buying from a medium or long-term investment perspective. Although picking exact market bottoms is fraught with difficulty, from an historical perspective... Show More
Let us put the recent share market performance into a longer-run perspective. Equity returns over the short-run can be uncomfortably volatile. However, according to our research, based on some longer-run valuation measures, the market is not particularly expensive at current levels. Together with recent modest returns, this suggests scope for... Show More
Why are investors shunning emerging markets? Could this asset class be an attractive choice for long-term growth? It is true that emerging markets have recently delivered poorer returns relative to developed markets, primarily on the equity side. Over the three years to the end of April 2015, the MSCI World... Show More