Reversion to the Long Run Mean - why UK, why value, why now?

Ian Lance – Portfolio Manager, Redwheel UK Value and Income Strategy

Nick Purves – Portfolio Manager, Redwheel UK Value and Income Strategy

Synopsis:

During times of market stress, such as an economic downturn, investors' time horizons shorten and they focus on short term earnings momentum rather than long term intrinsic value. This over-reaction creates an opportunity for those willing to look through the cycle and possibly explains why 'value' as a strategy typically produces an excess return during recessions.

Only happy when it rains

Nick Clay – Portfolio Manager, Redwheel Global Equity Income Strategy

Synopsis:

The market now needs bad news in order to see an end to inflation and rate rises. This points to a very different backdrop for markets and new lessons to remind ourselves of. Explore what approach can suffer this backdrop and why discipline in ones process is vital again.

Why emerging markets now?

John Malloy – Portfolio Manager, Redwheel Emerging and Frontier Markets Strategy

Colin Liang – Portfolio Manager, Redwheel China Equity Strategy

Synopsis:

Across emerging markets, positive structural drivers remain present, and new investment opportunities are likely to emerge. Meanwhile, EM seems to be starting on a better footing to policy normalisation than in the US as many EM central banks have already front-loaded policy normalisation. This presentation will make the case that investors should reconsider the growth opportunities in China, the significance of the recovery of travel for EM and the race to global decarbonisation.

How capital cycle investing helps navigate the noise

Louise Keeling – Portfolio Manager, Global Horizon Equity Strategy

Synopsis:

Capital allocation is the most important determinant of whether a share price trends towards intrinsic value. Understanding the framework upon which management allocate capital provides a valuable insight in to whether management are running the business in a sustainable manner. Are management's personal incentives aligned with those of other key stakeholders? Having aligned management with a clear understanding of capital allocation is central to the Global Horizon approach.