Keeping an active interest in Japan
Faith in Abenomics is fading fast if Japan’s stock prices are any gauge of investor confidence.
The future of emerging markets
Predicting the future is fraught with hazards. People rarely get it right, and when they do it’s often dumb luck rather than skill. Nobody, for example, could have said with any conviction at the start of this year that Britain would now be contemplating its future outside the European Union, or that there would be a woman Prime Minister in Number 10.
Ten golden rules of equity investing
We have been investing for over thirty years. During this time we have weathered numerous and varied market cycles, and there is little that still surprises us. What we have learned has come to form the bedrock of our investment approach; and the guiding element behind this is simplicity. We strongly believe in the virtues of doing the basics well.
We have distilled our insights from the world of investing into ten succinct rules. None of them should surprise and they all share one distinct trait: a belief in common sense. While the sentiment behind them is serious, we hope that you find this light-hearted presentation both refreshing and entertaining.
China’s Black Monday – one year on
This week marks the anniversary of last year’s stock market crash that some have dubbed China’s Black Monday. Shanghai shares fell 8.5% on August 24, triggering losses on exchanges around the world and causing mayhem in currency and commodity markets.
India’s quiet reform movement
Time flies. Last month saw the second anniversary of the election of Narendra Modi as India’s Prime Minister. At the time, expectations were sky-high that Modi could set his country on the path to economic success and improve its global standing.
China: navigating troublesome times
China has been a difficult place for investors in recent months, says Hugh Young in this video clip.
Risk, or the myth of market consensus
On the morning of August 7th 1974, Philippe Petit stepped off the side of the world’s tallest building. With more than 400m beneath his feet, he spent 45 minutes walking between New York’s Twin Towers, defying wind gusts, cable oscillations and the orders of the police perched on either end. What became known as the “artistic crime of the century” can help us understand the different notions of risk in financial markets, and identify what truly matters.
India: fertile ground for investors
India boasts some leading companies, says Aberdeen’s Hugh Young in this interview. From a macroeconomic point of view Hugh is also optimistic about the Modi government, which completes two years in office today.
Asian Equities: a quiet confidence
Asian equity valuations are looking attractive historically and compared to markets elsewhere in the world, says Aberdeen’s Hugh Young in this short video.
Japan: mixed reviews
Japan’s economy is unlikely to return to its heady days of strong economic growth, but the corporate landscape looks better than ever, says Hugh Young in this video interview.
Japan: why faltering reforms shouldn’t hide corporate achievements
Japan looks set to go to the polls this year. The Japanese could be casting their votes as early as June in elections to fill around half the seats in parliament’s upper house. Prime Minister Shinzo Abe may also call a separate snap general election if he thinks this would enhance his chances of securing four more years in power.
Risk: it’s a balancing act
Despite the best efforts of some of the brightest minds from the world’s top universities, the ability to quantify and measure risk still eludes us. That’s because risk is more than just a number. The careful investor needs to consider many types of risk – counterparty, liquidity, bankruptcy, risk of fraud, to name a few. Perhaps another reason why risk is so hard to pinpoint may be because it means different things to different people.