Russian retail: Structural growth opportunities in Eastern Europe

The late 1950s and early 1960s heralded a golden age of food retail in Western Europe, resulting in a market dominated by organised retailers. Now, writes Alexis Mathieu for Portfolio Adviser, Russia is poised for a similar “revolution” that will prove an exceptional long-term investment opportunity.  Continue reading “Russian retail: Structural growth opportunities in Eastern Europe”

Why Europe is on a firmer footing

To date, the European Central Bank has bought more than £207bn in European bonds: only a third of the total amount it has committed to buying. This does not leave a lot of room for European bonds to weaken, T. Rowe Price’s Stephane Fertat tells FT Adviser – which means many green lights are flashing in Europe’s fixed income space. Continue reading “Why Europe is on a firmer footing”

Bond investors must be flexible to succeed

When analysing a company, fixed income investors need to apply a different lens to stock pickers and look at the capital structure from a bondholder’s perspective, according to Fraser Lundie. The co-head of Credit at Hermes Investment Management tells Morningstar why security section is a crucial element of his investment approach. Continue reading “Bond investors must be flexible to succeed”

Microsoft is a better bet than Apple, says tech star Spencer

Microsoft can emerge as the tech firm with biggest growth potential, according to Citywire AAA-rated Josh Spencer. The T. Rowe Price Global Technology Fund manager tells Citywire that Microsoft is in the best position to capitalise on increased demand for cloud computing, having successfully transitioned the business to the cloud – where it is now a market leader. Continue reading “Microsoft is a better bet than Apple, says tech star Spencer”

Standard Chartered: a broken business model in a cyclical downturn

Standard Chartered has this week announced a loss-making Q3 accompanied by a $5.1 billion rights issue and a strategic review, writes Barry Norris for Investment Europe. The Argonaut Capital CEO explains that while new management has gone a long way to owning up to the previous failings of the bank, it has also admitted to new challenges: Standard Chartered is a broken business model in a cyclical downturn. Continue reading “Standard Chartered: a broken business model in a cyclical downturn”

Russ sees signs of Europe’s earnings growth picking up

Several successive years of no earnings growth for European corporates could finally be at an end, according to Argonaut’s Olly Russ. The European Income Fund manager tells FT Adviser that despite tail risks such as the fallout from the Volkswagen emissions scandal, a much weaker euro and an improvement in the domestic economy due to rising consumer spending will lead to earnings growth for the first time in four years. Continue reading “Russ sees signs of Europe’s earnings growth picking up”