GuardCap - Guardian Capital
Long-term thinking, hallmark of our approach
2024 marks the eighth full calendar year for the UCITS version of our emerging markets equity strategy.
Read more about Emerging Markets Annual Letter 2024You can never erase your digital footprint. With that in mind, we thought it might be worth revisiting the prognostications of this review at the beginning of 2023. It is a cause of regret that, while broadly correct, we were not banging the drum for risky assets. That would have been the right call, as most equity and bond markets had a very good 2023.
When you write a review with a quarterly cadence, the onus is on you to produce something new, even when the landscape hasn’t changed that much.
In his latest review, Michael Hughes discusses how cyclical influences may dampen economic growth next year. In contrast, when markets have factored in a slightly difficult outlook (as they did over Q3), the Fund’s stocks have tended to outperform, as changes in the economic outlook do not greatly influence these companies’ earnings. He wraps it up with a quick overview of a recent study that suggests that artificial intelligence could raise annual global GDP by around 7%.
One of the favourite things that GuardCap Emerging Markets team like to do as investors is …
After a strong start to the year, Emerging Market (EM) equities lost momentum and struggled to regain traction as stocks…
And still, we wait. The economy in the developed world is not yet responding to its monetary medicine…
For this quarter’s review, Michael Hughes, Client Portfolio Manager for the GuardCap Global Equity Strategy, takes a look at the trend of AI ‘mania’ in the market. …
It is a year since interest rates started to rise substantially around the developed world. It is hard to overstate the amount of ink spilt since trying to determine whether…
We’re pleased to present the latest insights from Michael Hughes, Client Portfolio Manager for the GuardCap Global Equity Strategy. …
