Conditions in Asia are considerably different to those in the USRead More 10 Aug 2022
Central bank commentary suggests we may have passed peak ‘hawkishness’Read More 31 Jul 2022
Energy exporters, or those with relative energy stability, show signs of prospering
Conditions in Asia are considerably different to those in the US
Central bank commentary suggests we may have passed peak ‘hawkishness’
From compressing the price side of the P/E equation, investors are increasingly fretting over earnings, marking down any company that hints of cyclicality.
Idiosyncratic stock selection helped Fund performance through a period that saw events more extreme than many investors have ever experienced.
During periods of market sell-offs, the natural human reaction is to contract our investment time horizons and focus on short-term negative noise.
"Beware good houses in bad neighborhoods..."
The good news from China ... and the bad
Recession remains a threat, and despite official figures, China is almost certainly in a phase of contraction
UK equity valuations remain eye-wateringly low relative to earnings and balance sheet capital
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