Prices and Markets

India Capital Growth - A return to earnings growth 180626 IGC annual overview QD Earnings figures for the companies in India Capital Growth (IGC)’s portfolio are increasing as India puts the disruptive effects of demonetisation and the introduction of the Goods and Services Tax (GST) – both of which were covered in QuotedData’s March 2017 note – behind it. Rising oil prices may be a headwind but India’s domestically focused economy should be relatively sheltered from a global trade war....

The stock market has been swinging in and out of stability for years.  Worries over global issues, the domestic economy, international economy, and international relations all impact the US stock market.  With of these factors in play, it’s no wonder that periods of high volatility are to be expected. While volatility in the market might make some cautious of investing, periods of volatility actually provide many opportunities for smart investors to make some good money.  You’ll of course want to...

Seneca Global Income & Growth - Cutting back on equities - Seneca Global Income & Growth Trust’s (SIGT’s) manager continues to expect a global recession in 2020, with a global bear market in equities in 2019. In anticipation, it laid out its strategy of gradually reducing the trust’s exposure to shares in companies and recent events have served to reinforce its view. The manager highlights the benefit of SIGT’s ability to invest across a range of different asset types, which it says...

Tensions between the US and China are hotting up, with talk of more tariffs to add to a growing ‘trade war’ between the planet’s two biggest economic superpowers. The starting gun on the conflict was fired when the US announced tariffs on steel and aluminium – a bold move by President Donald Trump that caused concerns among nations across the planet about the extent to which global free trade could be curtailed. This is far from the first trade dispute,...

Civitas Social Housing - Socially beneficial investing 180612 CSH Initiation QD In a world where investors want above-average, predictable, inflation-linked income; returns from an asset class whose values do not move in-line with equity markets; the ability to buy and sell easily; AND the chance to invest in a company that provides a clear benefit to society, few investments make the grade. However, Civitas Social Housing (CSH) could be said to tick all the boxes. CSH is helping to inject fresh equity...

Herald Investment Trust - From small acorns …. - Herald Investment Trust (HRI) provided very strong returns during 2017 (NAV and share-price total returns of 26.9% and 32.7% respectively) with positive contributions coming from all of its regional portfolios. During 2017, a significant proportion of HRI’s NAV performance came from 24 holdings, all of which at least doubled in share price terms. These stocks, which accounted for 8.2% of the portfolio at the beginning of 2017, contributed 63% of HRI’s...

QuotedData's Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored by Polar Capital June Economic and Political Roundup A collation of recent insights on markets and economies taken...

QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup The premium of biotech company, Syncona, rose on positive news on two of its portfolio investments. Electra Private Equity reported in its half year results released in May that it will begin a formal sales...

Aberdeen Emerging Markets - 10.6% a year for 20 years Aberdeen Emerging Markets (AEMC) will be 20 years old on 22 June 2018. This is no small feat; it has survived numerous crises in emerging markets (EM), the distortions of ‘hot money’ (where investors flood into, and later out of, whichever market or sector happens to be fashionable) and a long-standing market focus on growth sectors (which does not suit the managers’ value-investment style). Furthermore, since launch, it has delivered...