Europe is full of secular growth trends including digitalisation, faster growth in emerging markets, consumer loyalty to premium brands and increased health awareness.
When it comes to stockpicking, these are more important to consider than macro issues such as Brexit or the Italian budget discussion. As we look for areas where companies can add economic value, we...
Equity fund targeting 3% outperformance
Caught between the growth potential of emerging economies and US tech, and the relative comfort of the UK domestic market, European equities are often overlooked by UK investors.
When it comes to the Japanese market currently, cash is in abundance, valuation metrics are not stretched and corporates have the capacity to increase returns to shareholders.
Expect an average TSR of 5.6% over the next three years
Annual letter to investors