View of the Day

The impact of central banks on markets is now waning

The post-2008 landscape has been characterised by sluggish, yet remarkably steady, economic activity levels and mixed corporate earnings delivery.

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Six reasons markets are not expensive

For the last few years of this bull market we have been told that equity markets are too expensive and any further rises would be irrational, only for markets to defy the commentators and set new all-time highs.  So are markets

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BAT-FANGs, TAMs and MAUs - are their valuations fair?

Advances in the internet, artificial intelligence (AI) and automation are disrupting established business models, and creating new growth markets for innovative companies.

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How to preserve capital in a downturn

One of the most frequent questions we’re asked at the moment is how we will preserve capital in the event of a market downturn.

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Indian Equities: Expensive, but underpinned by domestic growth

The Indian equity market is now trading at an all-time peak in local currency terms and questions arise as to whether this market is fully valued.

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The boom in ETFs is good for active managers

The stampede into index funds and ETFs has set up favourable conditions for active managers. Not perhaps for the biggest index-hugging institutions, but positive for fundamentally-based investors that take active risk. 

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Pensions – the elephant in the boardroom

Sir Philip Green pumped £363 million into the BHS pension scheme after its collapse but only after significant parliamentary pressure.  With the collapse of Carillion, it has been revealed that, once again, the Board was failin

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Why I sold my Amazon shares

I’m a growth-oriented manager who is value-sensitive. We first bought Amazon in April 2015 at around $400 a share – some above, some below.

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Bitcoin, euphoria and the return of volatility: Are equities heading for a fall?

Markets have made a strong start to the year. The S&P 500 has risen more than 4 per cent YTD with the Hong Kong Hang Seng Index up close to 5 per cent.

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