Investment Comment February 2013

Stockmarkets got off to a strong start in 2013.  Earnings yields in most equity markets still compare very favourably to bond yields relative to history, despite recent rises in the stockmarket.  Dividends can increase, whereas fixed interest yields cannot, so…

Investment Comment January 2013

Quarterly Investment Comment: Q1 2013

Investment Comment January 2013

We said in October that earnings yields in most equity markets compare very favourably to bond yields relative to history.  That continues to be the case, despite recent rises in the stockmarket as a result of the positive news from the…

Investment Comment October 2012

Prudent risk-taking was rewarded in the recent quarter with most equity markets rising at least 3% (unhedged) despite strength in sterling. Previous laggard stock markets in Europe ex-UK, Pacific ex-Japan and Emerging Markets gained the most in sterling terms, while…

Investment Comment July 2012

The summit last week came up with a decision to use the eurozone’s bailout fund to provide direct support to struggling banks. Spain and Italy secured agreement to allow the bailout fund to buy government debt in the markets, to…

Investment Comment January 2012

We said in our investment commentary in October that earnings yields in most equity markets compare very favourably with bond yields relative to history. That continues to be the case, despite recent rises in the stockmarket as a result of…

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