A merry dance…
I wrote on the subject of profit margins last year in Margin Call and how we try to normalise them as part of our company evaluation. I referred to The Heinz-Kraft Company (KHC) and how under 3G Capital, a private equity firm, margins were significantly raised at KHC. A consequence of those expanding margins was […]
Wind assisted returns
The ascendancy of the growth style of investing over the last decade has been unusual in its strength and duration. There are now signs that the winds of change are blowing through global equity markets. Read on to find out how RWC’s Global Equity Income strategy may benefit should the growth headwind become a dividend-investing […]
Charts that make you go……hmmm!
Years of zero interest rates, central bank money printing and government bail outs appear to have created a stock market defined by speculative excesses. It is often said that ‘a picture is worth a thousand words’ and therefore we have put together a series of charts demonstrating just how ebullient investors have become. You will […]
Understanding the source of past returns is the key to estimating the likely future
Understanding the source of past returns is the key to estimating the … it is, therefore, highly unlikely that future returns will be the same as past.
Coal divestment
This makes coal an obvious target for immediate replacement by renewables, in combination with gas. Investors have been divesting out of …
Value funds could hold the key to impact investing, not ESG funds
Value has faced several well-known challenges in the past decade. Low interest rates and weak economic growth have pushed valuation …
Leaning the statistics in your favour
Leaning the statistics in your favour … The RWC Global Equity Income strategy acknowledges the risk of being wrong and simply aims to lean …
Could this be the craziest growth stock bubble ever?
… events in the US might have surpassed the extremes of 1999 raising the question of whether this is the craziest growth stock bubble ever.
Outlook for 2021: Just the start of the rotation to value
Returns in the UK equity market for 2020 were split in two halves, with energy, materials, financials and cyclicals being amongst the worst performing sectors from 1 January to 8 November (the date the Pfizer vaccine was announced) but registering some of the biggest gains for the rest of the year. Of course, we celebrated […]
RWC Partners hires Chris Anker to lead its ESG activities
RWC Partners has today announced that Chris Anker has joined to lead its ESG initiatives. Anker will be responsible for leading and coordinating RWC’s activities related to Environmental Social and Governance (ESG) risks in its clients’ portfolios. He will report into Executive Committee member Arthur Grigoryants, Head of Investment Strategy & ESG.