magazine archive
magazine archive
Feature
How regulatory changes could spark a new wave of cannabis companies
Thursday 15 Aug 2024Out of nowhere, signs of life are appearing in the cannabis sector following a near total collapse in share prices over the last three years. Unlike prior booms and busts, of which there have been many over the last six years, this latest flourish appears to have legs. The Financial Times reported...
What is a carry trade and why does it matter?
Thursday 15 Aug 2024As is often the case in times of stock market volatility, parts of the financial eco-system which previously hadn’t received a great deal of attention are suddenly catapulted into the mainstream. This time it’s the carry trade, specifically in yen, which is drawing the attention of investors...
Fund managers spy opportunities after recent carnage in Japanese markets
Thursday 15 Aug 2024On the 5 August, the Japanese benchmark index Nikkei 225 plummeted 12.4% in its worst one-day performance since 1987, while other Asian markets such as Taiwan fell heavily. There were several factors at play which caused the massive sell-off, not only in Asian markets but globally. How have...
How to dial down volatility in your portfolio
Thursday 15 Aug 2024Stock markets across the globe have just emerged from a short, sharp shock, with the sell-off on 5 August one of the worst days in years as investors mull the frightening thought that the US economy is slowing and could be sent spinning into recession. Combined with the impact of the unwinding in...
Time to tap into recovery stocks
Thursday 08 Aug 2024With the UK economy seemingly headed for a ‘soft landing’ and interest rates set to fall at some point this year, more adventurous investors will be looking to add a little more risk to their portfolios. Given the UK market, and the mid-cap space in particular, is widely acknowledged to be cheap,...
What comes next for investors after India’s budget?
Thursday 08 Aug 2024On 23 July, India announced its first budget under a new coalition government led by Narendra Modi, who became prime minister for the third time albeit with a reduced majority of 293 MPs for his BJP (Bharatiya Janata Party). In the Indian general election held between 19 April to 1 June, 642...
How Pershing Square’s $25 billion IPO vanished into thin air
Thursday 08 Aug 2024Billionaire hedge fund manager Bill Ackman is not the shy, retiring type who shuns publicity, so when he announced plans to launch an IPO (initial public offering) of a new closed-end fund on the New York Stock Exchange touting a $25 billion valuation it seemed natural to believe he could execute...
Future has a credible growth plan and the shares look cheap
Thursday 08 Aug 2024Future (FUTR) £10.42 Market cap: £1.17 billion Despite some recent economic jitters, we think the current valuation at media group Future (FUTR) undervalues the company’s strengths as it gets stuck into its GAS (growth acceleration strategy). Based on consensus forecasts for 2025 the company trades...
Weight loss 2.0: What next for the companies at the forefront of fighting global obesity
Thursday 01 Aug 2024Investor excitement surrounding weight-loss drugs has arguably been as great if not greater than that seen for everything AI (artificial intelligence) in the last two years. Market leaders Novo Nordisk (NOVO-B:CPH) and Eli Lilly (LLY:NYSE) , makers of Wegovy and Zepbound respectively, have seen...
Why are high-yield ‘bond proxies’ not outperforming the market?
Thursday 01 Aug 2024This feature was prompted by a reader question on why ‘bond proxies’ such as insurers Phoenix Group (PHNX) and Aviva (AV.) do not attract more investor attention. A bond proxy typically refers to a company which has a steadier-than-average income stream and offers a higher-than-average level of...