Evidence that a company wields pricing power in its industry is the best indication of a sustainable competitive advantage, argues Giles Parkinson.
The pandemic is fast-tracking change in corporate Japan.
Since the Global Financial Crisis, Growth equities have significantly outperformed Value equities in Europe. The Value style has suffered from low and falling interest rates. But it was not a straight line!
Looking beyond to find the best outcomes for clients
The “reflation trade” appears real, but risks are still elevated.
The US is currently experiencing an exceptional period from a microeconomic point of view.