Invesco Canada blog

Insights, commentary and investing expertise

What privacy regulations may mean to web stocks


April 20, 2018
Subject

In a previous post I discussed the data privacy concerns that affected the valuations of several U.S. internet companies in the aftermath of the Facebook/Cambridge Analytica scandal. In this post, I will focus on several upcoming regulatory changes as part of the EU’s General Data Protection Regulation (GDPR), which are set to be implemented in May 2018.

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Web stocks, user data abuse and regulation

The past few weeks have been characterized by significant volatility in the share prices of the world’s largest internet companies, which comprised the once-vaunted cohort of top-performing “FANG” stocks. In the span of less than one month, revelations about social networks permitting unscrupulous access to users’ personal data, upcoming regulatory changes in Europe, and increased attention by U.S. lawmakers have caused a swoon in global technology and internet equities.

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Conviction key to long-term success


February 3, 2017
Subject | Active management | Trimark

We believe that high-conviction investing is key to generating excess long-term returns, and this belief guides our research efforts and investing decisions. There is academic research to support this, showing that among actively managed funds, those with high conviction managers tend to outperform. In this blog post I’ll explain why the Trimark Global Equities team invests with conviction, highlighting two extensive studies of portfolio managers and their returns.

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The Trump win: What does it mean for portfolios?


November 15, 2016
Subject | Active management | Macro views | Trimark

In a stunning defeat to heavily favoured Democratic candidate Hillary Clinton, Donald Trump is set to become the 45th U.S. President in January. Trump achieved victories in states that, according to recent tradition, have preferred Democratic presidential candidates –   including Wisconsin, Michigan and Ohio. Not only did Trump capture more votes than Republican candidate Mitt Romney during the 2012 presidential election, but he also capitalized on Hillary Clinton’s inability to carry Democratic congressional districts where Barack Obama achieved resounding victories in 2012.

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How will a Trump or Clinton win impact global markets?

Market watchers are broadly anticipating a Hillary Clinton victory over Donald Trump in the upcoming U.S. presidential election. This campaign has been unpredictable from the get-go, so I think it is important not to make any assumptions and we base our portfolio decisions on an “either outcome” view. From a global equities perspective, here is how we view the upcoming vote.

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Is Visa still everywhere you want to be?


February 3, 2016
Subject | Active management | Institutional | Trimark

We all know Visa. Many of us use it as consumers. But is it an attractive business for investors? Is the company growing? Is it adapting to new technology? We believe it is – particularly now. As always, our thesis revolves around the quality of the business and our quality criteria boils down to four things – what the Trimark Global Equities team calls our FORS approach.

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Disney, Netflix and shifting TV trends


December 23, 2015
Subject | Active management | Trimark

There has been no shortage of headlines recently about declining TV audiences, cord-cutting and so-called “skinny” TV packages – with many focused on Disney. The Walt Disney Co. is a significant holding in a number of Trimark funds and we spend a great deal of time thinking about the competitive moat around its Media Networks business as certain trends become more prevalent.

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