A shift towards a better biodiversity future with Amanda O’Toole
Human activity continues to deplete biodiversity and degrade ecosystems. As the world feels the effects of this damage to nature, consumers and companies are putting in place measures to assess their environmental footprint, and investing in reducing their impact on our ecosystems. In this video, Amanda O’Toole, Portfolio Manager at Redwheel, highlights why she believes this […]
Inactivity alpha: Lessons in patient value investing from cartoon bears
One of the many pleasures of being a parent to young children is watching kids’ movies: relaxing in front of some great animated cartoons that, as a grown up, you’d probably be too embarrassed to go and see on your own. On the pretext of “having to look after the kids”, I recently enjoyed the […]
10 reasons to allocate to emerging markets
The primary justifications for exposure to emerging market equities have generally included faster growth with lower valuations than developed markets, with the benefit of diversification. Cheap valuations and low correlations remain a core attraction, and growth should improve as monetary policy is eased. GDP growth in emerging markets is currently estimated at 4.3% in 2024, […]
Active global equity: Tackling growth bias and the diversification dilemma
Active global equity funds have become a cornerstone of many portfolios as investors have switched from regional allocations. Offering the prospect of diversification and alpha generation, global active equities help investors reduce potential home bias, and access opportunities from the broadest universe of companies. However, we see the risk of a new bias emerging within […]
Identifying opportunities in the commodity complex: Gold
Can gold hold its value? Gold is acknowledged as a medium of exchange, a store of value and a unit of account. When President Nixon cancelled the convertibility of the US dollar into gold in 1971, the money supply came under the control of central banks. Since the collapse of the Bretton Woods system of […]
Identifying opportunities in the commodity complex: Metals
Metals are powering a sustainable future The main driver for the consumption of base metals is shifting from Chinese urbanisation to the global renewable energy transition. Base metals, such as copper, nickel and aluminium, are the foundational elements that are driving paradigm shifts across various industries. As a result, the world is beginning to recognise […]
Identifying opportunities in the commodity complex: Oil
Old energy lingers for longer There is naturally much excitement and optimism about the green energy transition and rapid adoption of electric vehicles, but the replacement of installed base hydrocarbon-based energy production and vehicular transportation is likely to be a multi-year process. In our view, Emerging Market oil producers are currently trading at attractive multiples […]
Is blood glucose monitoring the next big wellness trend? – Part 2
In our previous post, we discussed the continuous glucose monitoring (CGM) trend in both diabetes care and wellness markets, and what this could mean for investors. We suggested that continued growth was likely in the former market, but the picture was less clear for the latter. We decided to buy one of these devices for […]
On the road…in India
Watch James Johnstone, Co-Head of the Redwheel Emerging & Frontier Markets team, and Jaimin Shah, Analyst, as they discuss their main findings from a recent research trip to India. With insight into India’s recent election, the strong market growth over the past 25 years, and India’s expansion in the travel and tourism sector. Play Video […]
Hidden duration: assessing convertibles vs. high yield
Convertible bonds are an inherently lower duration asset class, owing to the fact that bondholders are long embedded call options, which are positively exposed to interest rates. Furthermore, maturities tend to be a little shorter in nature (typically 3–5-years), which reduces the sensitivity to interest rate changes versus corporate debt. There is however another component […]