See all results for ''
It would take nerves of steel to write-off US large-cap equities. Trading at just below 20x price/earnings, the S&P 500 can currently be seen as either over-valued or under-valued, depending on where you think the world is going.
Given the rally in Big Tech through the first quarter, quite a few investors would seem convinced that there’s life – and value – still left in long-duration large-cap growth.
This feels like a belief that the future will replay the past. Are there alternatives? The chart shows the premium on European small and mid-cap relative to their large cap peers. It is currently approaching zero, the lowest it has been since the aftermath of the Global Financial Crisis.
Again, we wouldn’t like to call the market. But what we can do is identify opportunities in the European small and mid-cap area that we feel deserve serious consideration.
Alfen is a manufacturer of smart grid solutions that accelerate the energy transition. It is the only company in Europe combining smart grids, energy storage systems and EV charging systems into a single integrated approach. A key growth market for the business is its range of smart-connected EV chargers, enabling the broader adoption of electric vehicles. The prospective growth of EV hardly needs to be emphasised. Ford Europe, as one example, recently announced that it expects to switch completely to electric vehicles in just two years.
Stevanato Group has been operating for 70 years, most of that time manufacturing basic glassware. Its current – and future – strength lies in ‘containment’ technology. This involves machinery that greatly accelerates the production of sterile medical equipment, particularly pre-filled syringes and vials used in high-growth biologic therapeutics.
All data Bloomberg or J O Hambro unless otherwise stated.
Disclaimer
Professional investors only.
This is a marketing communication.
Information on the rights of investors can be found here.
The registrations of the funds described in this communication may be terminated by JOHCM at its discretion from time to time. The investment promoted concerns the acquisition of shares in a fund and not the underlying assets. Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the
The fund will be managed by Bertrand Lecourt and Saurabh Sharma as part of the growing thematic range that includes the successful Regnan Water and Waste Fund.
Embracing Sustainable Investing as a Catalyst for Change in a Shifting World
UK water companies have been in hot water recently, Betrand Lecourt explains why the strategy is invested in two of them.
Water and waste offer strong diversification benefits – but fundamentals matter for the long-term
A snapshot of the portfolio at year-end, highlighting sustainability metrics and commentary on our corporate engagement and stewardship
For a better experience, we recommend viewing this website in landscape orientation.
