magazine archive
magazine archive
Feature
How to find quality stocks
Thursday 13 Jun 2024‘ Quality investing’ is the style pursued by the world’s most famous investor Warren Buffett and Terry Smith, arguably the best-known British fund manager who runs the five-star Morningstar-rated Fundsmith Equity (B41YBW7) and consistently favours quality firms. Quality investing has generated...
How the banks bounced back
Thursday 06 Jun 2024UK banks have enjoyed a renaissance in 2024. And, while the snap UK election put paid to plans for a big share sale in NatWest (NWG) , anticipation of a ‘Tell Sid’ style offer definitely put the spotlight on the sector. As such, now is a perfect time to take an in-depth look at the banks’ relative...
Investors have four options with the blockbuster National Grid rights issue
Thursday 06 Jun 2024On 23 May, power network operator National Grid (NG.) announced a bumper £7 billion fundraise to help finance a five-year £60 billion investment plan. Known as a ‘rights issue’, the exercise involves shareholders making a decision whether or not to buy discounted shares in the group. As is the case...
Emerging markets: Chinese recovery, shifting rate expectations and commodities surge
Thursday 30 May 2024China: Chinese equities have rebounded, reversing the negative returns recorded in the first quarter. Catalysts for the improvement in performance included positive developments in the real estate sector. A Chinese property developer announced agreement with its bond holders to restructure its...
Small world: our monthly round-up of goings on in UK small caps
Thursday 30 May 2024We kick off this month with two more takeovers, or attempted takeovers, of UK small-cap firms. On 21 May Singapore-based but UK-listed specialist engineer XP Power (XPP) rejected a bid from Denver, Colorado-based rival Advanced Energy Industries (AEIS:NASDAQ) . The firm said it had received a...
Change at the top
Thursday 30 May 2024There’s no doubt the shock departure of a star fund manager or well-followed stock picker is a red flag, but there are various reasons why successful portfolio managers choose to leave their investment management firm and therefore their funds. And, as with most aspects of investing, there are no...
Could now be the time to ‘go large’ on UK commercial property?
Thursday 30 May 2024Given the depressed valuation of the UK stock market – and the even more depressed valuation of UK commercial property – it was only a matter of time before someone came up with a fund to seize on the opportunities on offer. Enter Special Opportunities REIT , a new internally-managed real estate...
Discover what the biggest stocks on the Chinese market do
Thursday 30 May 2024Despite a difficult post-Covid period for Chinese stocks, they still dominate the broader emerging markets space. China accounts for 26.7% of the MSCI Emerging Markets index. For context this is still significantly ahead of India on 18.1%. This article will briefly examine the largest companies in...
The mighty dollar: What strength in the US currency means for markets
Thursday 23 May 2024This article explores the macroeconomic ramifications of a strong US dollar and highlights some investments which stand to benefit from the trend. The dollar is the world’s reserve currency used in almost 90% of foreign exchange transactions, while more than 65 countries peg their currency to the...
The growing problem of short-termism in investing
Thursday 23 May 2024The market has a major problem – investors are becoming too short-term in their thinking, which is leading to wild swings in share prices. Moreover, the situation is getting worse and presents a problem for everyone with money in the market including those who take a long-term view. Being patient...