Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

I've been doing my mid-year round up with strategists, investors and ship-owners, and while i have remained generally positive on the commodities and gold etc rebounds from whence  they came 6 months ago, I cut my equities and trade exposures by about half in the last few weeks. I moved before any blame could link to a Brexit or a terror attack because ultimately the money made trading from the lows of 1Q16 could find zero support in [real] data or logic. Below i also review HK strategy, Noble…

I've been doing my mid-year round up with strategists, investors and ship-owners, and while i have remained generally positive on the commodities and gold etc rebounds from whence  they came 6 months ago, I cut my equities and trade exposures by about half in the last few weeks. I moved before any blame could link to a Brexit or a terror attack because ultimately the money made trading from the lows of 1Q16 could find zero support in [real] data or logic. Below i also review HK strategy, Noble…

Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Transition from the Irish Stock Exchange to the London Stock ExchangeDragon Capital’s fund <a href="https://www.smartkarma.com/entities/22754" target="_blank" data-smartkarma-citation="entities:22754">Vietnam Enterprise Investments Limited</a>, which currently trades on the Irish Stock Exchange, may trade on the main market of the London Stock Exchange next month.  The company plans to hold an Extraordinary General Meeting on June the 21st to vote on the approval of this transfer, which is expected to potentially take place next month.  The fund currently manages over $850 million, and is most notable for…

Transition from the Irish Stock Exchange to the London Stock ExchangeDragon Capital’s fund Vietnam Enterprise Investments Limited, which currently trades on the Irish Stock Exchange, may trade on the main market of the London Stock Exchange next month.  The company plans to hold an Extraordinary General Meeting on June the 21st to vote on the approval of this transfer, which is expected to potentially take place next month.  The fund currently manages over $850 million, and is most notable for…

Dragon Capital's VEIL Fund: A 3rd London Listing for Vietnam May Emerge Next Month

Information Technology Consultant

Ishita Jain

Blockchain is quite the buzzword nowadays. Aided by the mystique of the technology underlying Bitcoin and a unique proposition of eliminating the 'middleman', blockchain has grown from an esoteric concept to one that threatens to become mainstream in a few years. As with any new technology, there are potentially millions of applications of the technology which can alleviate legacy issues across thousands of industries. As time unravels, this seldom holds true for most technologies but blockchain may finally be an exception. This article explores the use of blockchain in the financial service industry, the in-flight projects and some investment ideas for investors to jump onto the bandwagon.

Blockchain is quite the buzzword nowadays. Aided by the mystique of the technology underlying Bitcoin and a unique proposition of eliminating the 'middleman', blockchain has grown from an esoteric concept to one that threatens to become mainstream in a few years. As with any new technology, there are potentially millions of applications of the technology which can alleviate legacy issues across thousands of industries. As time unravels, this seldom holds true for most technologies but blockchain may finally be an exception. This article explores the use of blockchain in the financial service industry, the in-flight projects and some investment ideas for investors to jump onto the bandwagon.

Blockchain in the Financial Services Industry

Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Global Macro Take: WK 22 – DXY is going back to 100<ul><li>Again its all about the US Dollar &amp; upcoming Fed hikes, nothing else matters…</li><li>DXY at 95.52 +0.20% for WK 21, is up 4 wks in a row – but you still ain’t seen nothing yet, we should be in the 96-97 range by now</li><li>As per the thesis from last week, Fed implied rate hike probabilities continue to grind up – yet year end expectations of one &amp; two hikes still too low at 74% &amp; 25%. Market is still asleep</li><li>Jun now has a 30% chance, whilst Jul (KVP’s pick) has now moved from c. 48% to 54% in the span of a week</li><li>WK ahead will be filled with Final PMIs, US ISM will be key as will NFP. ECB? Non-event</li></ul>

Global Macro Take: WK 22 – DXY is going back to 100Again its all about the US Dollar &amp; upcoming Fed hikes, nothing else matters…DXY at 95.52 +0.20% for WK 21, is up 4 wks in a row – but you still ain’t seen nothing yet, we should be in the 96-97 range by nowAs per the thesis from last week, Fed implied rate hike probabilities continue to grind up – yet year end expectations of one &amp; two hikes still too low at 74% &amp; 25%. Market is still asleepJun now has a 30% chance, whilst Jul (KVP’s pick) has now moved from c. 48% to 54% in the span of a weekWK ahead will be filled with Final PMIs, US ISM will be key as will NFP. ECB? Non-event

TGIM! @KVP_Macro - WK22. Mon 30 May 2016. The Global Macro Take: DXY Is Going Back to 100

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

<ul><li class="p1">All fixed-income indexes posted especially strong returns considering the current low-yield environment, because of falling interest rates and narrowing credit spreads</li><li class="p1">After many years of underperformance, value stocks reasserted themselves in the first quarter, outperforming growth</li><li class="p1">A year ago, small stocks looked overvalued, but after a 9.8% drop (versus a 1.8% gain for large stocks), they are now closer to fairly valued territory</li></ul>Analysts: Bob Johnson, Timothy Strauts, Alina Lamy

All fixed-income indexes posted especially strong returns considering the current low-yield environment, because of falling interest rates and narrowing credit spreadsAfter many years of underperformance, value stocks reasserted themselves in the first quarter, outperforming growthA year ago, small stocks looked overvalued, but after a 9.8% drop (versus a 1.8% gain for large stocks), they are now closer to fairly valued territoryAnalysts: Bob Johnson, Timothy Strauts, Alina Lamy

United Kingdom

Lloyds Banking Group plc, through subsidiaries and associated companies, offers a range of banking and financial services. The Company provides retail banking, mortgages, pensions, asset management, insurance services, corporate banking, and treasury services.

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Lloyds Banking (LLOY LN)

Too Much Going On To Be Bullish

I've been doing my mid-year round up with strategists, investors and ship-owners, and while i have remained generally positive on the commodities...

Charles De Trenck

Dragon Capital's VEIL Fund: A 3rd London Listing for Vietnam May Emerge Next Month

Transition from the Irish Stock Exchange to the London Stock ExchangeDragon Capital’s fund Vietnam Enterprise Investments Limited, which currently...

Nomadic Equity

Blockchain in the Financial Services Industry

Blockchain is quite the buzzword nowadays. Aided by the mystique of the technology underlying Bitcoin and a unique proposition of eliminating the...

Ishita Jain

TGIM! @KVP_Macro - WK22. Mon 30 May 2016. The Global Macro Take: DXY Is Going Back to 100

Global Macro Take: WK 22 – DXY is going back to 100 Again its all about the US Dollar & upcoming Fed hikes, nothing else matters… DXY at 95.52...

Kay Van-Petersen

Morningstar Markets Observer: Q2 2016

All fixed-income indexes posted especially strong returns considering the current low-yield environment, because of falling interest rates and...

Morningstar, Inc.

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