All Equities articles – Page 80
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Asset Class Reports
European Equities: Stock prices follow earnings? Sometimes...
Frédéric Dodard looks at European stocks through the 1970s, 80s, 90s and 2000s and finds that the market will often pay much less for companies – or much more – than the fair price suggested by their earnings
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Asset Class Reports
European Equities: ‘You can’t handle the truth’
Martin Steward considers a contrarian strategy that is not afraid to go neutral when the market is not in contrarian mood
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Asset Class Reports
European Equities: The middle way
Successful risk-taking in European equities during 2011 was more nuanced than it first appears, finds Martin Steward
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Asset Class Reports
European Equities: A stockpickers’ environment…
… if you can wait a decade for active risk to pay off. Joseph Mariathasan finds managers enjoying rich pickings for the long term, by taking account of – but also looking through – the dominant macro themes
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Asset Class Reports
European Equities: Two different routes to risk
How should you be positioned at the inflection point of one of the strangest economic cycles in history? Martin Steward finds the consistent performers rotating into pro-cyclical stocks in both top-down and bottom-up strategies
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News
Pension funds worldwide see equity losses despite Q4 rally
Survey shows double-digit increase in liabilities among three of seven regions examined.
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Special Report
Equity Sectors: Sector success
Neptune Investment Management manages £6.5bn (€7.9bn) in almost 30 different equity strategies, pursuing a sector-driven philosophy. Martin Steward discussed the process with Douglas McDowell, head of client investment strategies
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Special ReportEquity Sectors: The evolution of sector risk
Ian Webster reveals that risk in European markets is currently being driven more by countries than sectors and that sector returns have become highly correlated. But a growing sector value spread may point to the next alpha opportunities
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Special Report
Equity Sectors: Sitting ducks
Debt-ridden governments see them as cash cows and Fukushima has destroyed the nuclear consensus. Emma Cusworth wonders, are utilities still defensive, or are they now sitting ducks?
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Special Report
Equity Sectors: Fat pipes cure lean profits
Emerging markets and cloud-based services could balance-out the telecom sector’s poor pricing power, finds Anthony Harrington
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Special Report
Equity Sectors: Cashed-up and ready to grow
Institutional investors are underweight technology, but managers say the sector works well as a defensive play, finds Maha Khan Phillips
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Special Report
Equity Sectors: The best form of defence
If you must hold equities, during volatile times it pays to be invested in the ‘safest’ businesses. But Martin Steward finds a changing world challenging old assumptions about which sectors contain these defensive stocks
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Special Report
Equity Sectors: Don’t speculate to accumulate
The sectors offer better long-term prospects than short-term ones, writes Maha Khan Phillips
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Special Report
Equity Sectors: On the mend
Investors should stop obsessing about ‘patent cliffs’ and recognise the healthcare opportunities in an ageing population and growing emerging wealth, writes Charlotte Moore
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Asset Class Reports
Small & Mid-Caps: The small-cap dilemma
Small-caps promise so much as an asset class. But Joseph Mariathasan outlines just how difficult it can be to create a viable business out of managing them
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Asset Class Reports
Small & Mid-Caps: Bulls and bears square up
Being on the defensive has paid in 2011, writes Martin Steward. But the US is a confusingly mixed prospect for the coming year
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Special Report
Equity Sectors: Don’t bank on it
Insurers, exchanges, asset managers, emerging-market banks – even US banks – will continue to outperform as the herd deserts the European banking industry, finds Lynn Strongin Dodds
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Special Report
Equity Sectors: All about the luxury brand
Charlotte Moore finds that the consumer sector is no longer all about staples and cyclicals, but rather brands and emerging markets
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Asset Class Reports
Small & Mid-Caps: The 800-pound gorilla
UK exposure – or lack of it – has been decisive in European small and mid-caps. But Martin Steward finds that managers have also had to contend with a difficult ‘risk-on, risk-off’ environment
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Asset Class Reports
Emerging Market Equities: Tide of history
Emerging markets, and their trade relationships with one another and the rest of the world, are changing. Traditional investment frameworks are struggling to remain relevant, writes Joseph Mariathasan
