Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>The current macro environment has elements of both the 1970's and mid-2000s commodity bull market</li>
<li>Investor interest and allocation to this asset class is still minimal</li>
<li>A rising cost of capital globally favours a move out of long duration into real assets</li>
</ul>


The current macro environment has elements of both the 1970's and mid-2000s commodity bull market
Investor interest and allocation to this asset class is still minimal
A rising cost of capital globally favours a move out of long duration into real assets


2026 High Conviction Idea: Our Basket of Commodity Equities Will Outperform Broad Equity Indices

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>A correction has finally started in the precious metals space</li>
<li>What to do now in the sector for both the short and long term</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
A correction has finally started in the precious metals space
What to do now in the sector for both the short and long term


Overview #38 Precious Metals – Has the Fat Lady Sung?

Thematic (Sector/Industry)

<ul>
<li>Gold continues to make new highs to little, if any fanfare</li>
<li>Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play</li>
<li>What does this mean for the precious metals mining sector and is it time to buy?</li>
</ul>


Gold continues to make new highs to little, if any fanfare
Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play
What does this mean for the precious metals mining sector and is it time to buy?


What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

Cross Asset Strategy

<ul>
<li>A monthly review of how the markets and our themes are currently performing</li>
<li>Analysing what went wrong and what went right in stocks and sectors</li>
<li>Highlighting positions added or removed from the thematic investment portfolio</li>
</ul>


A monthly review of how the markets and our themes are currently performing
Analysing what went wrong and what went right in stocks and sectors
Highlighting positions added or removed from the thematic investment portfolio


September Themes and Thematic Portfolio Review

July Themes and Thematic Portfolio Review

United States

Commodity Research Bureau BLS Spot Indices. CRB BLS Spot Indices base: (1967=100)

CRB Commodity Index (CRB CMDT INDEX)

2026 High Conviction Idea: Our Basket of Commodity Equities Will Outperform Broad Equity Indices

Why a basket of commodity producers provide a good risk reward for any portfolio looking to get a real return. Underowned and unloved!

Rikki Malik

Overview #38 Precious Metals – Has the Fat Lady Sung?

A review of recent events/data impacting our investment themes and outlook. We look at the recent correction in precious metals and what it means...

Rikki Malik

What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...

Rikki Malik

September Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

July Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

2026 High Conviction Idea: Our Basket of Commodity Equities Will Outperform Broad Equity Indices

Why a basket of commodity producers provide a good risk reward for any portfolio looking to get a real return. Underowned and unloved!

Rikki Malik

Overview #38 Precious Metals – Has the Fat Lady Sung?

A review of recent events/data impacting our investment themes and outlook. We look at the recent correction in precious metals and what it means...

Rikki Malik

What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

​Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...

Rikki Malik

September Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

July Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...