Are CoCos the mispriced credit opportunity of 2021?
Luca Evangelisti explains why Financials Contingent Capital bonds, or CoCos for short, offer value thanks to their strong liquidity profile, supportive regulators, and the much-improved financial position of banks.
Jupiter Merlin Weekly: Global powers flex muscles behind the dance of the seven veils
As major powers jostle for supremacy, Ukraine, Iran and Afghanistan are again the battleground. Read the Merlin team’s view on what’s causing these brewing storms.
Note from the Investment Floor – ‘Leverage, Momentum and Narrative’
Ned Naylor-Leyland explains the important of leverage, momentum and narrative to modern markets, and asks whether we’re at the end of a monetary supercycle.
Jupiter Merlin Weekly: Economic optimism IMF-style
As global economic growth forecasts increase we must remember that the post-Covid normal may not be the same as the pre-Covid normal. Read the Jupiter Merlin team’s view.
Jupiter Merlin Weekly: The West grapples with China
The West faces a conundrum, say the Merlin team, as it struggles to live with China but can’t live without it. Meanwhile, Janet Yellen’s central banker habits die hard.
Jupiter Merlin Weekly. UK inflation: nothing yet to see, move on
Despite predictions of higher inflation, in the UK inflation actually fell in February. A spike in prices remains stubbornly out of view… for now.
Gold and silver mining equities – ready to rebound
Ned Naylor-Leyland explains why a likely return to falling real interest rates and the strong operational performance of mining companies point to a bullish outlook for monetary metals.
India’s post-Covid resurgence
India’s economy has bounced back fast from Covid and is making rapid progress. Our approach enables us to build a portfolio of ‘best-in-class’ growth companies benefiting from structural trends at reasonable valuations.
Jupiter Merlin Weekly: The EU has dug itself a big hole
While the US and UK vaccinate their people at speed the EU is lagging far behind, with real economic and political consequences.
Notes from the Investment Floor – The ESG tide is turning in the US
Freddie Woolfe looks at promising signs of serious ESG-related policy reforms in the US, while also discussing the healthcare sector in this investment environment.