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

The highest quality market of all

US equities may struggle to match this year’s stunning performance, but focusing on companies with inherent pricing power should help insulate investors from the key risks entering 2022.

As the COVID clouds lift, a clearer picture will emerge

Companies that can handle rising cost pressures and continue to deliver free cash flow growth will be well placed to navigate 2022.

Stay strong

In a potentially turbulent UK, investors should prize resilient companies. Qualities to look for include pricing power, competitive advantages, smart capital-allocation and a focus on sustainability.

Sustaining the global equity bull run in 2022

Earnings growth needs to support current valuations for the global equity bull run to continue.

Inflation: What it means for investors

The era of low inflation has come to an abrupt halt, with many countries experiencing the sharpest increase in prices in decades. Soaring demand following COVID, supply chain disruptions and the war in Ukraine have all contributed to this shock. But what does it mean for investors? Ninety One’s portfolio managers offer their insight.

Why dividends tell us that earnings may be overbaked

Against a deeply uncertain backdrop, the market still expects earnings to trend higher this year. Dividends, however, tell a different story. Abrie Pretorius explains more.

Growth or value…which investment style will prevail?

Global growth is vulnerable to record inflation, the transition to QT, possible stagflation, a resurgence of COVID and war in Europe. In an atypical recovery, Nidhi Mahurkar and Rhynhardt Roodt of 4Factor discuss the outlook for equity styles.

Transition-makers: Capturing new dynamics in commodity markets

Efforts to tackle climate change are driving powerful trends in markets for many natural resources, from metals to fossil fuels – and in the equities of companies that produce them. That’s creating new opportunities for investors.

Value insights: Could you explain your investment decisions to a child?

Research into how people assign levels of confidence to their opinions offers useful lessons for investors. A carefully designed decision-making process summons the part of the brain that helps us evaluate how much trust we should put in what we think we know.

Growing universe: Spotlight on infrastructure

Graeme Baker, co-portfolio manager of the Global Environment Strategy, provides an update on some of the thematic work the team has been doing over the quarter and discusses a new purchase in the portfolio.

Infinity machines

Portfolio Manager Archie Hart discusses Infinity Machines (compounders) and their attractiveness within a portfolio, quoting Einstein’s phrase ‘Compound interest is the eighth wonder of the world’…

Tiger, tiger!

What investors can expect in the Chinese New Year.

Gold’s value in a not-so-golden age

Against a highly uncertain macro backdrop, gold may prove valuable for investors next year. And with gold companies in their best shape in a long time, George Cheveley discusses why gold equities may be a useful way to get exposure to the diversification potential of the precious metal.

Quality investing during inflationary times

There are three core characteristics that insulate quality businesses from the damage inflation can bring: pricing power, low capital intensity, and healthy balance sheets. Clyde Rossouw explains why each attribute is such a powerful asset for companies to possess.

Not a normal cycle

With the inflationary environment uncertain in this unique market cycle, we believe owning quality stocks with pricing power is important to inflation-proof portfolios.

Why emerging markets are ahead in the growth, inflation and stimulus paradox

The valuation discount for emerging vs. developed markets is at its widest in 15 years, but with much of the bad news already priced in.

Rise of the carbon-cutters: investing in climate-solution companies

The intensifying focus on tackling climate change is driving growth for a select group of businesses.

Transitioning to smoother and more widely dispersed domestic growth

A more accommodative policy environment supports a 2022 market recovery.

How much will the consumer accept?

Top-of-mind is how well consumers can absorb these price increases that are coming at them from all angles.

Moving on from a challenging year

After a volatile 2021 , Charlie Dutton believes China is nearing the end of this regulatory cycle, which could provide investors with greater certainty.

The highest quality market of all

US equities may struggle to match this year’s stunning performance, but focusing on companies with inherent pricing power should help insulate investors from the key risks entering 2022.

As the COVID clouds lift, a clearer picture will emerge

Companies that can handle rising cost pressures and continue to deliver free cash flow growth will be well placed to navigate 2022.

Stay strong

In a potentially turbulent UK, investors should prize resilient companies. Qualities to look for include pricing power, competitive advantages, smart capital-allocation and a focus on sustainability.

Sustaining the global equity bull run in 2022

Earnings growth needs to support current valuations for the global equity bull run to continue.

Inflation: What it means for investors

The era of low inflation has come to an abrupt halt, with many countries experiencing the sharpest increase in prices in decades. Soaring demand following COVID, supply chain disruptions and the war in Ukraine have all contributed to this shock. But what does it mean for investors? Ninety One’s portfolio managers offer their insight.

Why dividends tell us that earnings may be overbaked

Against a deeply uncertain backdrop, the market still expects earnings to trend higher this year. Dividends, however, tell a different story. Abrie Pretorius explains more.

Growth or value…which investment style will prevail?

Global growth is vulnerable to record inflation, the transition to QT, possible stagflation, a resurgence of COVID and war in Europe. In an atypical recovery, Nidhi Mahurkar and Rhynhardt Roodt of 4Factor discuss the outlook for equity styles.

Transition-makers: Capturing new dynamics in commodity markets

Efforts to tackle climate change are driving powerful trends in markets for many natural resources, from metals to fossil fuels – and in the equities of companies that produce them. That’s creating new opportunities for investors.

Value insights: Could you explain your investment decisions to a child?

Research into how people assign levels of confidence to their opinions offers useful lessons for investors. A carefully designed decision-making process summons the part of the brain that helps us evaluate how much trust we should put in what we think we know.

Growing universe: Spotlight on infrastructure

Graeme Baker, co-portfolio manager of the Global Environment Strategy, provides an update on some of the thematic work the team has been doing over the quarter and discusses a new purchase in the portfolio.

Infinity machines

Portfolio Manager Archie Hart discusses Infinity Machines (compounders) and their attractiveness within a portfolio, quoting Einstein’s phrase ‘Compound interest is the eighth wonder of the world’…

Tiger, tiger!

What investors can expect in the Chinese New Year.

Gold’s value in a not-so-golden age

Against a highly uncertain macro backdrop, gold may prove valuable for investors next year. And with gold companies in their best shape in a long time, George Cheveley discusses why gold equities may be a useful way to get exposure to the diversification potential of the precious metal.

Quality investing during inflationary times

There are three core characteristics that insulate quality businesses from the damage inflation can bring: pricing power, low capital intensity, and healthy balance sheets. Clyde Rossouw explains why each attribute is such a powerful asset for companies to possess.

Not a normal cycle

With the inflationary environment uncertain in this unique market cycle, we believe owning quality stocks with pricing power is important to inflation-proof portfolios.

Why emerging markets are ahead in the growth, inflation and stimulus paradox

The valuation discount for emerging vs. developed markets is at its widest in 15 years, but with much of the bad news already priced in.

Rise of the carbon-cutters: investing in climate-solution companies

The intensifying focus on tackling climate change is driving growth for a select group of businesses.

Transitioning to smoother and more widely dispersed domestic growth

A more accommodative policy environment supports a 2022 market recovery.

How much will the consumer accept?

Top-of-mind is how well consumers can absorb these price increases that are coming at them from all angles.

Moving on from a challenging year

After a volatile 2021 , Charlie Dutton believes China is nearing the end of this regulatory cycle, which could provide investors with greater certainty.

The highest quality market of all

US equities may struggle to match this year’s stunning performance, but focusing on companies with inherent pricing power should help insulate investors from the key risks entering 2022.

As the COVID clouds lift, a clearer picture will emerge

Companies that can handle rising cost pressures and continue to deliver free cash flow growth will be well placed to navigate 2022.

Stay strong

In a potentially turbulent UK, investors should prize resilient companies. Qualities to look for include pricing power, competitive advantages, smart capital-allocation and a focus on sustainability.

Sustaining the global equity bull run in 2022

Earnings growth needs to support current valuations for the global equity bull run to continue.

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

George Cheveley

George Cheveley

Portfolio Manager

Equities insights

Inflation: What it means for investors

Why dividends tell us that earnings may be overbaked

Growth or value…which investment style will prevail?

Transition-makers: Capturing new dynamics in commodity markets