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.…
Letter From Japan
GEORGE PALMER HAS RECENTLY TRAVELLED TO JAPAN TO MEET COMPANIES THAT WE OWN AND MANY THAT WE DON'T. Due to some odd airline scheduling it is difficult to sleep on the way to Tokyo which…
The Risk of Doing Nothing
I'm forever blowing bubbles, Pretty bubbles in the air, They fly so high, nearly reach the sky, Then like my dreams they fade and die John Kellette, Jaan Kenbrovin 1918 Hardly a day goes by…
A love of acronyms
by Ben Kumar, Investment Manager, Seven Investment Management Ideas are dangerous things. Acronyms are worse. Acronyms distil complex ideas into something easy to remember. If they get really popular, however, the acronym becomes the idea.…
A rising sun
The CC Japan Income & Growth Trust has been designed to identify exciting investment opportunities as the consensus behaviour in Japan evolves to a more consistent trend more easily comparable to those historically associated with…
Big Picture Thoughts as we Head into Q4
Throughout most of the third quarter, it feels like we have been almost obsessively focused on calling a turn higher in both developed market bond yields and the US Dollar. After what feels like forever,…
What the Trump tax plan means for investors For Professional Investors Only
Summary On 27 September, President Trump announced the “framework” for comprehensive US tax reform. Passing the bill will not be easy, but it could simplify the current tax code, increase economic growth and support the…
Feels Like We Have Been Here Before…
THE ELECTRIC VEHICLE REVOLUTION CHARGING FORWARD? How many people can recall when a famous British inventor last created an electric vehicle?[1] Sir Clive Sinclair dreamt up the C5 in 1979. In that year Millennial’s Baby-boomer parents…
A Synchronised Global Economic Upswing
All major economies are growing for first time since 2007 Amid the gloom and doom that characterises a lot of commentary about our world today, we think it worth noting that the global economy, by…
Some Thoughts on Inflation, Tax Reform and the Fed
Before this week’s report, we wanted to draw your attention to the trade ideas section of the report we have run for the past few weeks. For administration and regulatory reasons, we would like all…
India’s economic gain, in spite of short-term pain
India has seen a challenging 12 months with an ambitious demonitisation plan and the reform of the goods and services tax This has created short-term disruption but seeks to address key structural problems in the…
The elephant in the room: Can the Thai markets continue their strength?
The Thai market has been strong for the year to date, in spite of a number of political and economic challenges. Can it make progress from here? The transition to crown prince, Maha Vajiralongkorn, has…
The ETF Vortex
From time to time, we have mentioned ETFs in our weekly commentaries. On the surface, they are one of the most sensible investment choices that an investor can make, aren’t they? In an era in…
A difficult balancing act
Alex Scott, Deputy Chief Investment Officer, Seven Investment Management Investors face a potentially difficult balancing act today. There is much to be positive – even optimistic – about. Most major economies are growing at or…
Where’s the clever money going? September 2017
Summer seems well and truly over, but the UK market until very recently has taken the autumnal weather very much in its stride, with the FTSE 100 index largely weaving sideways between 7350 and 7450…
European Equities: Back to School
September in the Northern Hemisphere tends to be the beginning of the new school year. This year there seems to be a large amount on the ‘curriculum’. Starting with Brexit, the temperature is rising as…
The Return of the “Unreliable Boyfriend” and Other Central Bankers
Stanley Druckenmiller is one of the greatest investors/traders of the last 40 or so years. He managed money for George Soros from 1988 to 2000, and was instrumental in the trade that broke the Bank…
What’s in a name?
Ben Kumar, Investment Manager, Seven Investment Management Have a look at this list: 1. Apple 2. Alphabet 3. Microsoft 4. Amazon 5. Berkshire Hathaway 6. Johnson & Johnson 7. Facebook 8. Alibaba Group 9. Tencent…
Chart-catching – Value vs Growth Stocks
The chart below displays the performance of Value versus Growth equities, set against the US 10 year Treasury yield. Value stocks are those which trade at a discount valuation to the market whereas growth stocks…