Emerging markets, a consumer powerhouse
mars 23, 2023 | Gestion d’actifs Global Alpha Ltée
We share why emerging markets are some of the world’s primary drivers of economic growth and wealth building based on their populations.
En savoir plus
UK inflation still reflecting 2020-21 monetary strength
mars 22, 2023 | NS Partners
Current monetary stagnation implies that policy-makers’ worries about a sustained inflation overshoot are as misplaced as their deflation panic in 2020 when money growth was surging.
En savoir plus
Emergency lending isn’t monetary easing
mars 17, 2023 | NS Partners
Lending by the Fed to depository institutions jumped from $15 billion to $318 billion between 8 and 15 March – see chart 1 (red line). The emergency loans – mostly via the discount window and via the FDIC rather than under the new Bank Term Funding Program – were the main driver of a $441 billion surge in banks’ reserves at the Fed.
En savoir plus
Almost in full bloom
mars 16, 2023 | Gestion d’actifs Global Alpha Ltée
After attending conferences in Japan, we examine the state of the Japanese economy after recent policy decisions.
En savoir plus
Perspectives de mars 2023 : L’inflation comporte certains avantages
mars 15, 2023 | Gestion de placements CC&L
Le plus récent cycle économique se distingue par ses nombreux aspects inhabituels, dont plusieurs sont attribuables à l’inflation élevée, une situation qui ne s’était pas vue depuis plus de 40 ans et qui est donc inconnue de la majorité des participants aux marchés. Dans le présent numéro de Perspectives, nous présentons certains effets positifs de l’inflation qui envoient des signaux mitigés aux investisseurs qui tentent de composer avec l’inflation.
En savoir plus
Chinese EVs are going global
mars 14, 2023 | NS Partners
Our February commentary looks at EM performance with a specific focus on China, as well as India’s ongoing challenge with the Adani Group fraud allegations.
En savoir plus
SVB is a casualty of QT-driven monetary contraction
mars 14, 2023 | NS Partners
Markets are moving towards the view that the Fed will be forced to suspend or reverse interest rate hikes in response to the SVB crisis but a cessation of QT is a more important requirement for restoring banking system stability.
En savoir plus
The battle against inflation
mars 9, 2023 | Gestion d’actifs Global Alpha Ltée
We take a deeper look at the economic environment in 2023 and how we are positioned to combat inflation.
En savoir plus
MENA Quarter Q4 2022 Manager Letter
mars 7, 2023
In our 4th quarter investor letter we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
En savoir plus
VEO Quarter Q4 2022 Manager Letter
mars 7, 2023
As this quarter marks the final letter for the year 2022, we thought it will be helpful to reflect on the key events that shaped the performance of the strategy in the year.
En savoir plus
Things are looking up
mars 2, 2023 | Gestion d’actifs Global Alpha Ltée
We discuss our observations following the strong improvements to Europe’s economic outlook.
En savoir plus
Pourquoi investir dans les actions mondiales à petite capitalisation
mars 2, 2023
À l’échelle mondiale, les investisseurs ont adopté les actions mondiales à petite capitalisation comme source de diversification boursière.
En savoir plus
Has the Eurozone really escaped recession?
mars 2, 2023 | NS Partners
A Eurozone recession can now be ruled out, according to the ECB and a PMI-hugging consensus. Someone forgot to tell the monetary data.
En savoir plus
A trash rally: Guess who’s back?
février 23, 2023 | Gestion d’actifs Global Alpha Ltée
We discuss the meme stock frenzy and growth opportunities for investors.
En savoir plus