Markets in a nutshell — August 2021

Global equities rose for the seventh straight month as corporate earnings again delivered ahead of expectations, especially in the US. The bullish sentiment persisted despite slowing global economic growth and growing uncertainties around new COVID-19 variants. Global supply chain difficulties are also giving rise to higher inflation, adding to the mounting risks.

Foord — We find value

The savings industry likes to complicate matters by trying to place fund managers into a myriad of style boxes. Foord Singapore portfolio manager Ishreth Hassen writes that Foord eschews manager style labels and just seeks to find value.

Crypto is no gold

Bitcoin and a slew of other cryptocurrencies are gaining traction as alternatives to fiat currencies as mediums of exchange. We asked portfolio manager WILLIAM FRASER whether they might also challenge gold as the ultimate store of value.

Sustainable Investing — We've Been Having It

Sustainable investing has become the latest hot investment trend, with a global proliferation of funds promoting environmental, social and governance (ESG) outcomes. Managing director PAUL CLUER notes that Foord has always integrated ESG thinking into its investment process.

Inflation is the enemy of long-term investors

Dave Foord touches on why governments need inflation.

Five deflationary forces

Governments have avoid deflation because it is bad for those who are indebted. In this video Dave Foord discusses five global deflationary forces.

Economic wars and US inflation expectations

Economic wars are not just in currencies and trade. The US has managed to weaken Japan and Europe by tilting the playing field. Dave Foord shares his thinking.

Capital misallocation — when interest rates are below inflation

When interest rates are below inflation we get misallocation of capital. Dave Foord mentions the winners and losers.

Disruption is opportunity

Dave Foord discusses disruptions to various industries and sectors and how these disruptions can be opportunities for making and losing money.

How covid has disrupted earnings

COVID has been a catalyst to accelerate some emerging trends. In this short video, Dave Foord gives a brief overview on interest rates, world equities and market valuations.