Most banks in developed markets are trading at a steep discount to reported book values. Taking the UK market as an example, current market valuations for the listed banks are just c.40% of book valuations, a historical low. Irish banks …….
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Rising climate change risk not yet factored in by markets
Last year we saw a dramatic increase in concern over climate change. Despite all this attention, however, climate change has only had a significant impact on the valuations of a small number of companies
In search of safety
As things stand, Germany is the only G5 state to still have a AAA credit rating across all the major agencies, a standing it shares with Switzerland and a very few other states, none of which play a significant role in global bond markets.
What is the zeitgeist of today? Are we heading towards a utopian or an Orwellian world?
What is the zeitgeist of today? I’d like to refrain from commenting on politics and philosophical beliefs. Instead, let us focus on economics and markets.
What does value investing have in common with Forrest Gump?
The last decade or so has not been kind to value investors.
Why the US election may not matter for investors
While the stakes of the upcoming US election are theoretically higher than usual, it should be remembered that the relationship between US politics and investment markets is not a direct one.
Innovation is everywhere: five platforms for growth
We believe innovation can be found in any part of the economy and seek to invest wherever innovation occurs, regardless of sector classification, market capitalisation or geographical location.
Fear-onomics
Fear of engaging in economic activity that might involve travelling and mixing with other people is not the only lingering sense of dread hanging over societies.
Factor investing debates: Should sustainability be considered a factor?
In recent years, investors – both institutional and retail – have increasingly been asking for more sustainably managed investment solutions, as they seek to see their values reflected in their portfolios
Gold hits record high – is it overvalued?
Even as it reaches new highs, we don’t think it’s time to grow concerned about the price of gold, or gold equities. Here’s why.
Irish Public Sector Finances Post Covid – Implications for Investors
It’s only a few short years ago when the Global Financial Crisis of 2008 resulted in Irish public sector debt rising to a massive 120% of GDP, a level viewed as unsustainable by many commentators at the time.
New EU budget deal raises more questions than answers
From Ireland’s perspective, the new EU budget deal has some positive and negative developments.
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