Members of our Ideas Factory share their latest investment thinking through three publications:
‘WorldWatch’ provides timely insight into topical macroeconomic and geopolitical issues from around the world.
‘White Papers’ offer in-depth analysis of the ideas and themes that drive our investments.
'Outlook' is a regular update on how our investment experts see markets and economies.
Covid has blown fiscal holes wide open in many emerging economies, which are now looking to plug the gap by increasing taxation of sectors benefiting from elevated commodity prices. The future of investing in EM mining stocks is more opaque and problematic than at any point since the Global Financial Crisis. Risks abound, but so do opportunities. A focus on geographies with more rational governments is the best place to start. First, get the politics right.
After years of deterioration under Erdogan, Turkey may finally be on the road to recovery, with potential political change and rock-bottom valuations possibly allowing it to recapture the attention of value investors and contrarians.
On 11th May 2021 the TT Environmental Solutions strategy celebrated its one-year anniversary. In the following piece we detail how we added value over the past year, before discussing why we find the environmental thematic so compelling, even after the rally seen in 2020. Finally, we outline some of the key sub-themes that look particularly promising.
With European companies leading the structural shift to ESG investing and countries taking diverging paths out of lockdown, we feel the gap between winners and losers will be stark, giving long/short stock pickers the opportunity to generate meaningful levels of alpha.
We answer some of the most interesting questions that investors have asked us about the TT Environmental Solutions strategy in recent months.
With equity markets having rebounded very strongly, it may be tempting to take profits. However, history tells us that becoming contrarian too early can be a costly mistake.
A summary of our recent webinar discussion between China Portfolio Manager Marco Li and Dr Ma Jun, former Chief Economist of the PBOC.
We discuss the strategy’s genesis, objectives and key differentiators, before outlining why we find environmental equities so exciting looking forward.
TT International issues a rallying cry to the wider industry calling for Impact Investing 2.0, where sustainable funds give one-third of their management fees to carefully selected environmental charities, as the TT Environmental Solutions strategy does.
With ESG becoming an ever-greater focus for investors, TT’s Head of ESG provides a summary of how we integrate ESG analysis into our process to help generate superior risk-adjusted returns for our clients.
It is well understood that China’s economy is currently undergoing a great rebalancing as it shifts towards a model of consumption-based growth. However, we believe that many investors fail to grasp the implications of this transformation, which we still see as one of the most powerful and exciting investment themes in the world today. In the piece below, we outline some of the key opportunities that have arisen from China’s ongoing evolution and explain the common mistakes made by investors attempting to profit.
We outline the main reasons for our Indian overweight in both our Asia and EM portfolios.
Latest Asian economic and market outlook.
Latest Chinese economic and market outlook.
Latest Emerging Markets (Core) economic and market outlook.
Latest Emerging Markets (Unconstrained) economic and market outlook.
Latest Environmental Solutions outlook.
Latest European economic and market outlook.
Latest International economic and market outlook.
Latest UK economic and market outlook.