The dollar uptrend still looks intact
Mark Tinker
AXA Investment Managers
A mini 'flash crash' in the dollar last week has eased pressure on dollar shorts, including emerging markets generally and allowed a 'relief rally'. However, the dollar uptrend still looks intact. We remain concerned that the ECB's style of QE is not only failing to stimulate the economy but, through the law of unintended consequences, potentially risks destabilising the whole savings and investment environment in Europe. Emerging markets and Asia tend to be seen as the alternative to Europe for international investors, so some profit taking in the former has benefited the latter recently. We still see much more opportunity for growth in Asia than elsewhere. The row over the Asian Infrastructure Investment Bank misses the positive point - that this is part of China building a 21st century financial infrastructure - very beneficial for the region. Read my full note here: (VIEW LINK)
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AXA Framlington takes an active, fundamental approach to investing. We are high conviction investors with an entrepreneurial mindset that is grounded in intensive company research and bottom-up stock selection as a primary source of added value. Our organisation and investment approach relies on the following investment principles: Dedicated to Proprietary Research: Fundamental research is at the heart of our idea generation and stock selection process Experienced team with significant resources: 50 portfolio managers with over 16 years investment experience supported by dedicated specialist teams and shared resources High Active Share: Portfolio construction reflecting strong conviction within a solid risk framework Accountability: Portfolio Managers are fully empowered to make decisions and fully accountable for results Integrated Risk Management: Direct support from dedicated Specialist Risk Team throughout our investment process
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Mark Tinker
Fund Manager
AXA Investment Managers
AXA Framlington takes an active, fundamental approach to investing. We are high conviction investors with an entrepreneurial mindset that is grounded in intensive company research and bottom-up stock selection as a primary source of added value. ...
Expertise
No areas of expertise
Mark Tinker
Fund Manager
AXA Investment Managers
AXA Framlington takes an active, fundamental approach to investing. We are high conviction investors with an entrepreneurial mindset that is grounded in intensive company research and bottom-up stock selection as a primary source of added value. ...
Expertise
No areas of expertise
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