Recent monetary tightening in Canada and the U.S. has put dividend investing in focus, and some investors may be tempted to migrate their income portfolios toward the perceived safety of bonds.
Comments Off on Managing a dividend portfolio when rates rise
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.
Comments Off on What privacy regulations may mean to web stocks
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.
Comments Off on Web stocks, user data abuse and regulation
One of the worst kept secrets on Wall Street was confirmed on Thursday, when it was announced that Disney would buy a substantial portion of the entertainment assets of 21st Century Fox Inc.
Comments Off on Fox deal would solidify Disney’s media dominance
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.
Comments Off on Conviction key to long-term success
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.
Comments Off on The Trump win: What does it mean for portfolios?
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.
Comments Off on How will a Trump or Clinton win impact global markets?
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.
Comments Off on Is Visa still everywhere you want to be?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.
Comments Off on Disney, Netflix and shifting TV trends
