Medicine for change
In this episode we examine important healthcare topics including how improving accessibility on a global scale can generate material structural growth opportunities within the sector.
10 minutes
Global
The Big Picture podcast
The Big Picture podcast
Keep active in a bearish oil market
The prospects for oil appear positive on a five-year view, not least because US shale supply could plateau in the next few years. However, investors will need to be careful in 2025, because demand worries and supply growth add up to a bearish outlook. As portfolio manager Paul Gooden explains, there are still opportunities, but active management will be key.
18 Oct 2024
8 minutes
Paul Gooden
Ellie Clapton
Listen to more Big Picture podcasts:
Subscribe to our Big Picture podcast on Spotify, Apple Podcast or simply search for ‘Ninety One Big Picture’ on your podcast app of choice.
Authored by
Our latest podcasts
Harnessing risk and unlocking opportunity in EM equities
Jen Ford and Archie Hart share how discipline, bottom-up stock selection and a clear risk framework can help unlock long-term value in EM equities.
Resetting the narrative on emerging market equities
Emerging market equities are outperforming developed markets for the first time in years and many believe this could mark the start of a long-term structural shift.
Follow the trendlines, not the headlines
Tariffs are reshaping market dynamics—where are the opportunities for emerging market equity investors? Portfolio manager Varun Laijawalla explores the risks, the mispricings, and the strategies for navigating uncertainty.
Decoding tariffs: A framework for investors in EMD
With tariffs becoming an increasingly unpredictable tool of US economic policy, Sangeeth Sewnath, Head of Americas, sits down with our experts Thys Louw and Sahil Mahtani to discuss how investors should approach tariff risk.
A building global recovery
With the US performing strongly and China showing signs of turning a corner, a global economic recovery is building. There are abundant opportunities for investors, but 2025 requires a new investment playbook. Philip Saunders and Sahil Mahtani explore where the smart capital will be heading – and where the pitfalls lie.
What the US election means for emerging markets investors
A shift in gear or more of the same? Portfolio managers Archie Hart and Thys Louw consider the implications of Trump’s election victory for emerging markets and discuss what it means for investors.
US election: A clear cut result, but what does it mean for the economy?
US equity markets reacted favourably to the US election result. However, Philip Saunders, Director of Ninety One’s Investment Institute reminds us that regardless of the party in power, long-term market movements are driven by fundamentals – growth matters.
Digesting the result from a Quality perspective
While there has been some short-term volatility in the immediate aftermath of the decisive election result, Clyde Rossouw explains why the direction of travel over the longer term is likely to be supportive for a quality approach based on earnings resilience.
US election shakes up commodity markets; spotlight on China and trade policies
While US equity markets reacted favourably, commodity markets remained more cautious. Much hinges on Trump’s stance on international relations – including towards Iran, Russia, China – and its impact on the global economy and, consequently, global commodity prices.
Investing in decarbonisation under Trump 2.0
How will Trump 2.0 affect clean-tech sectors, including renewable energy and electric vehicles? Deirdre Cooper considers what lies ahead for investors in global decarbonisation.
US election | how a Trump or Harris victory will shape markets
The conventions are over, the banners banished, and the balloons have popped. Now Kamala Harris and Donald Trump get serious in the run-up to November 5th. Without picking sides, Philip Saunders analyses this most tight of political struggles and speculates on market reaction to both possible eventualities.
Has inflation bottomed?
Inflation in the UK has ticked up, while in the US it has edged lower. Though some may see this as a halt in inflation's decline, Jason Borbora-Sheen disagrees, even suggesting continued disinflation is possible. Central bank reactions remain a key focus for market participants, and all eyes will be on the US Fed come 18 September.
Too high for too long?
The performance of developed economies and the action of central banks recently caused acute financial market tensions and volatility. What really happened, why, and was it avoidable?
Actively navigating EM equities
Varun Laijawalla believes an active approach is imperative to investing in emerging markets, which he illustrates by relating to his team’s experiences of investing in two EM powerhouses – India and China.
The year of the ballot: a mid-year snapshot
Dubbed the "Year of the Ballot," numerous emerging market elections have now been concluded, notably South Africa, India, and Mexico. Given that elections often move markets, Ninety One emerging market specialists, Malcolm Charles and Nicolas Jaquier take stock to assess their impact on the markets.
China A shares are back
Wenchang Ma and Joanna Yang, Portfolio Managers, sit down to discuss China A shares following a strong start to 2024.
Medicine for change
In this episode we examine important healthcare topics including how improving accessibility on a global scale can generate material structural growth opportunities within the sector.
The climate challenge is still daunting, but COP28 offered hope
John Green, Chief Commercial Officer and Annika Brouwer, Sustainability Specialist reflect on their time at COP28, the progress that’s been made and the highlights from a climate finance perspective.
Positioning for the next cycle
A radical reset in borrowing costs has changed the rules of the game for investors. Philip Saunders and Sahil Mahtani assess the outlook for 2024 and beyond, and discuss where to invest for a new market cycle.
Emerging markets: favourable currents strengthening beneath choppy waters
At a global level, the path immediately ahead could be choppy. But beneath the surface, currents that favour emerging markets are gathering force, explain Victoria Harling, Varun Laijawalla and Grant Webster.
The Big Picture Podcast
Learn more
Featuring frequent interviews with our investment professionals and special guests, subscribe to The Big Picture podcast channel on your app of choice to listen on the move or listen below.
Important Information
This communication is provided for general information only and should not be construed as advice.
All the information in this communication is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessarily reflect those of Ninety One.
Any opinions stated are honestly held but are not guaranteed and should not be relied upon.
All rights reserved. Issued by Ninety One.
For further information on indices, fund ratings, yields, targeted or projected performance returns, back-tested results, model return results, hypothetical performance returns, the investment team, our investment process, and specific portfolio names, please click here.