Out with the old and in with the new, or is it?

Turning one: celebrating the Inflation Reduction Act’s first birthday

The Inflation Reduction Act (IRA) turns one this August. As with any infant, we do not know precisely what it will accomplish. But we can already say that it has potential to spur massive investment in decarbonisation.

The market is predictably unpredictable

Stock markets have been bouncing around in response to interest-rate and other ‘big picture’ events. Value investors should not get sucked into market-based forecasting. It is often an exercise in futility.

Notes from the road: scratching beneath the surface

China’s economic recovery has been tepid at best, with macro data weaker than expected. But what’s actually happening on the ground? Mendy Zhang shares some of her observations from her recent visit.

Another year: investing in decarbonisation

Ahead of the publication of Ninety One Global Environment’s fifth annual Impact Report, due out next month, we discuss developments in climate-solutions investing. The past 12 months were tumultuous, but there were plenty of reasons for investors in decarbonisation to be encouraged.

Volatility is creating opportunities

Environmental equities have been hit by a downturn in market sentiment. This is creating new opportunities to get exposure to parts of the economy expected to grow fast as the energy transition progresses. Deirdre Cooper and Graeme Baker assess the outlook for investors in decarbonisation.

Embrace the contrarian opportunity

Sustainable investing has had a difficult year. Stephanie Niven explains why investors have an opportunity to benefit from an allocation to companies with sustainable drivers of structural growth.

Are the dark clouds starting to part?

With 2023 falling short of expectations in terms of a recovery for emerging markets equities, Archie Hart explains the need for caution in the coming months, but remains optimistic on a 1- or 2-year view, given that the building blocks for a turnaround are beginning to fall in place.

Opportunities for sustainable emerging markets equity investors

Market volatility is presenting opportunities to gain exposure to powerful structural trends in emerging economies. The near-term economic outlook may be uncertain, but companies enabling financial and digital inclusion should have a long growth runway ahead.

China may emerge from the doldrums

After a challenging year, Wenchang Ma sees brighter prospects for Chinese equities in 2024, with weak sentiment providing an entry point to invest in some of the world’s most attractive companies.

Fundamentals to be the differentiator

Clyde Rossouw explains why he believes that the market will broaden out from its narrow leadership, and stocks that deliver consistent earnings and free cash flow growth could be 2024’s winners.

Balance sheet strength to prove critical

The US market extends beyond megacaps. Paul Vincent delves into three sectors he will have his eye on in 2024 and highlights the importance of balance sheet strength as we approach the new year.

Notes from the road: driving financial inclusion in Brazil

Lack of access to the financial system limits the life chances of many people in the emerging world, and economic development more broadly. For a select group of companies, enabling financial inclusion is both a structural-growth tailwind and an impact opportunity.

Global Insights 2023

2023 has been a year of defining change, with much of the world adapting to higher interest rates. See below for key takeaways from the sessions with our portfolio managers.

Get structural: re-examining decarbonisation growth trends

Sentiment towards renewable-energy companies is at an all-time low. However, Deirdre Cooper, Head of Sustainable Equities, and Graeme Baker, Portfolio Manager, argue that decarbonisation remains the biggest structural-growth opportunity of their generation.

7 minutes

The lessons only experience can teach

At an uncertain juncture in markets, this may be a good time for investors to reflect on the hard lessons that only the experience of living through a grinding bear market can teach.

Notes from the road: Chinese companies seeking growth in the face of weakness

On a recent trip to China, 4Factor Analyst Alec So visited eight companies across five cities and walked away more optimistic about the prospects for quality companies, despite the backdrop.

It’s in the price

The market predictably over- and under-reacts to short-term news. But while this creates opportunities for patient investors, be wary of those who claim you can make short-term trading profits.

Notes from the road: Macau has finally come back to life

Macau was devastated by the pandemic, with a lack of visitors decimating its gaming revenues. Investor sentiment took a similar dive, but things appear to be improving. Joanna Yang visited the region to find out more.

Notes from the road: India’s sleeping cat…has become a roaring tiger

A recent visit to India confirmed that the country is in a good place; the economy is strong, concrete is being poured and sentiment is generally upbeat. It occurred to us that India might be following China’s growth trajectory.

Do we misvalue careers?

A conversation with some bright young people led to introspection about how society values careers in financial services – and why it isn’t only financial markets that can be poor judges of value.

Turning one: celebrating the Inflation Reduction Act’s first birthday

The Inflation Reduction Act (IRA) turns one this August. As with any infant, we do not know precisely what it will accomplish. But we can already say that it has potential to spur massive investment in decarbonisation.

The market is predictably unpredictable

Stock markets have been bouncing around in response to interest-rate and other ‘big picture’ events. Value investors should not get sucked into market-based forecasting. It is often an exercise in futility.

Notes from the road: scratching beneath the surface

China’s economic recovery has been tepid at best, with macro data weaker than expected. But what’s actually happening on the ground? Mendy Zhang shares some of her observations from her recent visit.

Another year: investing in decarbonisation

Ahead of the publication of Ninety One Global Environment’s fifth annual Impact Report, due out next month, we discuss developments in climate-solutions investing. The past 12 months were tumultuous, but there were plenty of reasons for investors in decarbonisation to be encouraged.

Volatility is creating opportunities

Environmental equities have been hit by a downturn in market sentiment. This is creating new opportunities to get exposure to parts of the economy expected to grow fast as the energy transition progresses. Deirdre Cooper and Graeme Baker assess the outlook for investors in decarbonisation.

Embrace the contrarian opportunity

Sustainable investing has had a difficult year. Stephanie Niven explains why investors have an opportunity to benefit from an allocation to companies with sustainable drivers of structural growth.

Are the dark clouds starting to part?

With 2023 falling short of expectations in terms of a recovery for emerging markets equities, Archie Hart explains the need for caution in the coming months, but remains optimistic on a 1- or 2-year view, given that the building blocks for a turnaround are beginning to fall in place.

Opportunities for sustainable emerging markets equity investors

Market volatility is presenting opportunities to gain exposure to powerful structural trends in emerging economies. The near-term economic outlook may be uncertain, but companies enabling financial and digital inclusion should have a long growth runway ahead.

China may emerge from the doldrums

After a challenging year, Wenchang Ma sees brighter prospects for Chinese equities in 2024, with weak sentiment providing an entry point to invest in some of the world’s most attractive companies.

Fundamentals to be the differentiator

Clyde Rossouw explains why he believes that the market will broaden out from its narrow leadership, and stocks that deliver consistent earnings and free cash flow growth could be 2024’s winners.

Balance sheet strength to prove critical

The US market extends beyond megacaps. Paul Vincent delves into three sectors he will have his eye on in 2024 and highlights the importance of balance sheet strength as we approach the new year.

Notes from the road: driving financial inclusion in Brazil

Lack of access to the financial system limits the life chances of many people in the emerging world, and economic development more broadly. For a select group of companies, enabling financial inclusion is both a structural-growth tailwind and an impact opportunity.

Global Insights 2023

2023 has been a year of defining change, with much of the world adapting to higher interest rates. See below for key takeaways from the sessions with our portfolio managers.

Get structural: re-examining decarbonisation growth trends

Sentiment towards renewable-energy companies is at an all-time low. However, Deirdre Cooper, Head of Sustainable Equities, and Graeme Baker, Portfolio Manager, argue that decarbonisation remains the biggest structural-growth opportunity of their generation.

7 minutes

The lessons only experience can teach

At an uncertain juncture in markets, this may be a good time for investors to reflect on the hard lessons that only the experience of living through a grinding bear market can teach.

Notes from the road: Chinese companies seeking growth in the face of weakness

On a recent trip to China, 4Factor Analyst Alec So visited eight companies across five cities and walked away more optimistic about the prospects for quality companies, despite the backdrop.

It’s in the price

The market predictably over- and under-reacts to short-term news. But while this creates opportunities for patient investors, be wary of those who claim you can make short-term trading profits.

Notes from the road: Macau has finally come back to life

Macau was devastated by the pandemic, with a lack of visitors decimating its gaming revenues. Investor sentiment took a similar dive, but things appear to be improving. Joanna Yang visited the region to find out more.

Notes from the road: India’s sleeping cat…has become a roaring tiger

A recent visit to India confirmed that the country is in a good place; the economy is strong, concrete is being poured and sentiment is generally upbeat. It occurred to us that India might be following China’s growth trajectory.

Do we misvalue careers?

A conversation with some bright young people led to introspection about how society values careers in financial services – and why it isn’t only financial markets that can be poor judges of value.

Turning one: celebrating the Inflation Reduction Act’s first birthday

The Inflation Reduction Act (IRA) turns one this August. As with any infant, we do not know precisely what it will accomplish. But we can already say that it has potential to spur massive investment in decarbonisation.

The market is predictably unpredictable

Stock markets have been bouncing around in response to interest-rate and other ‘big picture’ events. Value investors should not get sucked into market-based forecasting. It is often an exercise in futility.

Notes from the road: scratching beneath the surface

China’s economic recovery has been tepid at best, with macro data weaker than expected. But what’s actually happening on the ground? Mendy Zhang shares some of her observations from her recent visit.

Another year: investing in decarbonisation

Ahead of the publication of Ninety One Global Environment’s fifth annual Impact Report, due out next month, we discuss developments in climate-solutions investing. The past 12 months were tumultuous, but there were plenty of reasons for investors in decarbonisation to be encouraged.

Out with the old and in with the new, or is it?

George Cheveley

George Cheveley

Portfolio Manager

Equities insights

Volatility is creating opportunities

Embrace the contrarian opportunity

Are the dark clouds starting to part?

Opportunities for sustainable emerging markets equity investors