ESG Themes for 2023
février 2, 2023 | Gestion d’actifs Global Alpha Ltée
For this week’s commentary, we take a look at green CAPEX, including benefits and relevance.
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Echoes of 2008 in UK monetary / labour market data
février 1, 2023 | NS Partners
The consensus is gloomy about UK economic prospects but is it gloomy enough? The current debate has echoes of mid-2008.
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Eurozone money trends still weakening
janvier 27, 2023 | NS Partners
Eurozone flash PMIs this week were less bad than expected, bolstering a growing consensus that economic prospects are improving. Monetary trends continue to argue the opposite.
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Prévisions – 2023
janvier 23, 2023 | Gestion de placements CC&L
Les Prévisions de cette année analysent les thèmes à long terme qui sous-tendent nos perspectives et tiennent compte des facteurs cycliques à court terme qui influent sur les perspectives de l’économie, de l’inflation et de la politique monétaire. Nous examinons les valorisations boursières et, en tenant compte de tous ces facteurs, nous établissons le cadre de notre stratégie de portefeuille. Au cours de l’année, vous trouverez des mises à jour des Prévisions dans notre bulletin mensuel Perspectives.
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Credit where credit’s due
janvier 20, 2023
Poor access to credit continues to be a major growth inhibitor for many developing markets. We explore how platform businesses are attempting to bridge the funding gap through the digitalisation of financial services. We present kaspi.kz an illustration of a platform centred on consumer credit, that is driving both societal change and attractive returns for shareholders.
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Money trends suggesting modest Chinese reopening boost
janvier 20, 2023 | NS Partners
A post in October gave a hopeful view of Chinese prospects, noting that “excess” money had accumulated and could flow into equities and the economy if policy-makers signalled a commitment to expansion.
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What’s the deal with EM small cap
janvier 19, 2023 | Gestion d’actifs Global Alpha Ltée
We shine a light on emerging market small caps, looking at the characteristics and make up of this often misunderstood asset class.
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Emerging Markets Cool into Year-end
janvier 13, 2023 | NS Partners
In a soft month for EM equities, we review 2022’s winners and losers along with some key investment themes.
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A “monetarist” perspective on current equity markets
janvier 13, 2023 | NS Partners
High inflation resulted in poor equity market performance in 2022 despite economic / earnings growth. Inflation relief in 2023 may limit further market weakness despite a global recession.
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Drilling into European oil & gas
janvier 12, 2023 | Gestion d’actifs Global Alpha Ltée
We examine what happened in the European energy sector in 2022 and look ahead to 2023.
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Revue de l’année 2022 : les retombées de la désensibilisation aux risques
janvier 12, 2023
Les turbulences du marché au cours des dernières années ont culminé avec un important repli des actions cotées et des titres à revenu fixe en 2022. Cependant, le chemin parcouru a permis de tirer des enseignements et des leçons utiles, notamment des expériences vécues au plus fort de la pandémie en 2020. Cet article examine dans quelle mesure les investisseurs ont tenu compte des signaux d’alarme ou s’ils ont été désensibilisés aux risques qui en découlaient.
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BoE policy overkill at least as extreme as Fed / ECB
janvier 4, 2023 | NS Partners
Recent Bank of England signals have been deemed to be less hawkish than those of the Fed and ECB, contributing to a view that UK policy tightening is less likely to prove excessive, in the sense of causing greater economic damage than necessary to return inflation to target.
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Global Small Cap Strategy Quarterly Commentary – USD
décembre 31, 2022 | Gestion d’actifs Global Alpha Ltée
We are now done with the third year of this decade and the differences with the past decade could not be more acute. Inflation seemed like a permanently solved issue in the 2010s, geopolitical conflicts were mild in comparison and many other things taken for granted 10 years ago no longer apply now. Through this […]
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Global Small Cap Strategy Quarterly Commentary – CAD
décembre 31, 2022 | Gestion d’actifs Global Alpha Ltée
We are now done with the third year of this decade and the differences with the past decade could not be more acute. Inflation seemed like a permanently solved issue in the 2010s, geopolitical conflicts were mild in comparison and many other things taken for granted 10 years ago no longer apply now. Through this […]
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