Hints and tips:
...Laura Trott, former pensions minister, replaced Atkins at the Treasury, while Richard Holden, who had been transport minister, was made Conservative party chair....
...Holden, chief executive of Copley Fund Research....
...Dole was married twice, first to Phyllis Holden, with whom he had a daughter and from whom he was divorced in 1972 (she died in 2008)....
...Stocks promising high levels of earnings growth are doing well “despite the overall ugliness of the market,” noted Steven Holden, chief executive of Copley....
...“Investors often pre-empt index changes, but for the first time they are underweight China A shares,” said Steven Holden, founder of Copley Fund Research....
...Mr Holden is also upbeat about Vietnam’s fortunes, given scope for it to eventually be added to the MSCI benchmark....
...However Steven Holden, founder of Copley, thought this unlikely, given that there is no great evidence of fund managers avoiding countries with patchy ESG records in the past....
...“I think China has been beaten up pretty badly already so perhaps valuations are starting to look compelling,” Mr Holden added....
...The retreat has been broad based, with 83 per cent of funds cutting their exposure to the Philippines over the past year, according to Steven Holden, founder of Copley....
...Now there are quite a few funds who are happy to hold nothing, in spite of the oil price rally,” said Steven Holden, founder of Copley....
...Underweighting of technology stocks, in aggregate, resulted in underperformance of 2.8 percentage points in the 10 months to October, in what Mr Holden referred to as the “pain trade of 2017”....
...“The results show a clear link between fund performance and the level of independence from the benchmark index,” says Mr Holden....
...Despite this, Mr Holden viewed Russia’s pole position as more a case of “best of the rest” rather than a high-conviction play....
...Bill Gates of Microsoft and Steve Jobs of Apple observed developments at Xerox Parc with great interest. Xerox still makes photocopiers....
...In the wake of an inflection point in November 2016, Steven Holden, founder of Copley, believes much of the buying has been driven by a global “reflation” trade off the back of the election of Donald Trump...
...Wilson stepped in with Jon Almond from the drawing office and Steve Allen, the operations manager....
...They are investing in global emerging markets, not China-plus,” Mr Holden said. Not all agree, of course....
...Steve Johnson is deputy editor of the FT’s EM Squared...
...Lukoil and X5, a retailer, are also overweighted, while underweights include the “ever avoided VTB Bank”, in the words of Mr Holden....
...Even Steven Holden, founder of Copley, who produced the data, admits he was “surprised” by his findings....
...“Regional allocations have changed dramatically over the past five years, with the once dominant Emea region being gradually overtaken by Asia,” says Steven Holden, founder of London-based Copley....
...Mr Holden sees other reasons to expect their weighting to rise still further....
...In contrast, stockpickers have “an almost astonishing favouritism” towards Taiwan Semiconductor, says Mr Holden, with 30 of the 34 funds holding it....
...Almost a third of funds are now overweight Taiwan, up from just 8 per cent in September 2013, Mr Holden says....
...(SD Times) Ballmer’s B**** language Ex-CEO Steve Ballmer is just an investor in Microsoft these days and is joyously unafraid to call out a company that can be a master of obfuscation....
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