As UK and global markets face the unprecedented challenge of the coronavirus pandemic, Louise Kernohan, co‑manager of Dunedin Income Growth Investment Trust, advocates a focus on high-quality companies and the need for a long-term mind-set.…
2017 Portfolio Review
Investors should always be more interested in the future than the past - and that remains true, even when reviewing how our shares fared over the last year. So, while bearing in mind that the…
Investment Ideas for the Year Ahead
As 2017 draws to a close, investment experts have been looking into their crystal balls to assess economic prospects for the coming year and the funds and investment trusts that could benefit. While there seems…
Investment company performance
The political uncertainty that was a consistent feature of 2016 has continued this year with countries across Europe and Japan going to the polls; Brexit negotiations, which led to the recent announcement of a Brexit…
Week in Review: hybrid vigour
With the Nasdaq gaining some 28% this year (and Bitcoin up a mere 1,624% against the dollar), technology’s been the talk of the town. But the lines between tech companies and other areas of the…
Latin America, but without the noise
Latin America is seen as a hotbed of political disruption and volatility, but there are ways to generate a smoother ride in the region. - Latin America is an exciting place to invest, but investors…
2018 Outlook: Guard against real-world inflation For Professional Investors Only
Summary The gradual reversal of expansionary monetary policies – at differing paces globally – will require some investors to adjust their approaches. Protecting purchasing power will remain a priority as official inflation understates real-world costs.…
December; UK wage growth is about to surge For Professional Investors Only
As in many countries, wage growth in the UK has been missing in action, even as the unemployment rate has fallen to a 42-year low. Any sign of sustained wage growth therefore has the potential…
Exploring private equity
Partners Group believes that private equity merits an allocation in the portfolios of all investors seeking long-term capital growth and diversification from public equity. In contrast to public equity in which minority shareholders delegate control…
An Equity Market Update
As we head towards the end of 2017, we all naturally begin to think about the year ahead and what it may hold. For us, the real surprise in 2017 was the continued re-rating of…
Good News in the Pipeline for Mexico
Last July, as part of Mexico’s energy reform, the National Hydrocarbons Commission (CNH) – the government’s upstream energy regulator – successfully carried out the second and third bidding round of the second tender process (Round…
Graphic Content – November; corporate bond risk premia are now the lowest ever For Professional Investors Only
Risk premia on a corporate bond can be broken down into two component parts. The first is the term premium, which relates to the risk premium on an underlying government bond, and is the extra…
Surging ahead
Private equity investment companies have recovered strongly following the global financial crisis. Over 1, 3 and 5 years, the average investment company in the Private Equity sector has returned an impressive 21%, 66% and 117%…
25 years in closed-ended funds
Financial freedom - or the ability to own your home, choose how you work and when you retire - may seem out of reach to many young people today. High house prices, insecure jobs in…
Still swimming in calm seas?
Alex Scott, Deputy Chief Investment Officer, Seven Investment Management Markets are maintaining the state of dead calm that we wrote about last month. The clock ticks on, with little sign of equity volatility. The tally…
Credit Market Wobbles Setup Potential Equity Market Test
After over a year without a more than 3% correction in the S&P 500, surely it is a matter of time before something wobbles and equity markets react. To be fair, the market has had…
Foreword from Annabel-Brodie Smith
I’m thrilled that we have a new contributor to Compass this month, namely Ian Cowie. Ian is one of the most experienced investment journalists and has been an investor and supporter of investment companies for…
A Patchy Dollar Breakout
For the time being, we are struggling to find much to say about equity markets. Generically, they just go up. They go up when bond yields decline; they go up when bond yields rise. They…
A state of dead calm
Alex Scott, Deputy Chief Investment Officer, Seven Investment Management As we write, stockmarkets are in the midst of an eerie calm. It’s worth understanding the historical context of just how extraordinary today’s conditions really are.…