Investors caught in the headlights?
When markets turn from being a one way, upward only trend to that of heightened volatility it can paralyse investors. It can cause uncertainty, fear and dramatically shortens the time horizon in which many investors think. Attitudes tend to change from consistently investing over time (easy to do when your assets just keep on rising) […]
Redwheel Global Equity Income Outlook
Read the latest outlook from the Global Equity Income team.
Thinking of selling cyclical stocks to buy defensives now?
Ask yourself these questions… Since the start of February, cyclical stocks have performed much worse than the wider market as many investors have become concerned that rising interest rates and high energy prices will lead to an economic slowdown or possibly a recession. As the chart below shows, more defensive sectors such as utilities and […]
Investment Opportunities in Latin America
We believe we have reached a turning point in an asset class which has been overlooked for years. Although Latin American currencies were cheap and equity valuations were attractive prior to the pandemic, the asset class did not outperform. However, global macroeconomic conditions have changed dramatically and a combination of strong commodity prices, improving current […]
Rewind and fast forward
(Charts that make you go… hmmm! Revisited) In February 2021 we looked at ten charts showing just how ebullient many investors had become following years of zero interest rates along with central bank money printing and government bail outs that followed the pandemic. Fast forward just a little over a year and the world looks […]
What makes convertibles interesting for 2022
Executive summary We find that the convertible market offers a compelling way to earn equity returns with bond-like protection from corners of the broader markets that might otherwise seem too terrifying; for example, US growth stocks and Asian equities. Following record levels of issuance in 2020 and 2021, the convertible market is broader and deeper-about […]
How to survive if the US equity bubble pops: five reasons to buy UK Value
One of the most consensus trades in asset management for the last five years has been to reduce exposure to UK equities and increase exposure to the US.
Global Equity Income: Thoughts on 2022
The evolution of GEMs
‘The beauty of China is that it is an incredibly deep market’ John Malloy, Manager, Redwheel Global Emerging Markets Fund At the end of July, it was announced that the Chinese authorities were to crack down on online after-school companies and stop these educational services from making profits or raising capital. Despite regulation being nothing […]
Case study: Buy now, convert later
Buy now pay later in the convertible bond markets – a good investment or a free lunch?