David Kimberley

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Articles

Emerging market benchmark tyranny

Apr 23, 2024 | trustnet.com | David Kimberley |Kepler Partners

Last year returns in US equities were driven by an exceptionally concentrated group of companies. Close to 70% of returns in the S&P 500 came from just 10 stocks. A consequence of this was only 28% of companies outperformed the benchmark. Overexuberance around AI stocks was partly responsible for this. However, another argument is that this is also being driven by passive flows, which are fuelling a giant momentum trade.
The signs are there but you might have to wait for a UK recovery

Feb 28, 2024 | trustnet.com | David Kimberley |Kepler Partners

In their latest fact sheet, the managers of Witan Investment Trust noted that they had added to an existing position in the Vanguard FTSE 250 exchange-traded fund (ETF). The managers argued that the UK’s attractive valuations are compounded by the fact that investment trusts in the index, which constituted close to a third of the ETF’s market cap at the end of January, are trading at an average discount of approximately 15%.
Canada's time to shine

Feb 16, 2024 | eqi.co.uk | David Kimberley

DisclaimerDisclosure – Non-Independent Marketing CommunicationThis is a non-independent marketing communication commissioned by Middlefield Canadian Income. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research. The rally in US equities last year was once again led by the ‘magnificent seven’ tech stocks.
No Going back | EQi

Feb 16, 2024 | eqi.co.uk | David Kimberley

DisclaimerDisclosure – Non-Independent Marketing CommunicationThis is a non-independent marketing communication commissioned by Ashoka India Equity. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research. It was another year of outperformance for Ashoka India Equity (AIE) in 2023.
The Do-It-Yourself Investing Blog

Jan 15, 2024 | diyinvestor.net | David Kimberley

Do STEM graduates = money making companies? By David Kimberley Readers who waste as much time as I do on YouTube may have also experienced the sensation of having an unwanted video thrust upon you by the website’s algorithm, only for you to end up rather enjoying it and then watching the whole thing. This happened to me earlier this week and the programme in question was a short documentary from 1982 about Japan.
Your vote counts: the investment trust AGMs in December 2023

Nov 30, 2023 | ii.co.uk | David Kimberley

Despite the looming Christmas festivities and new year celebrations, December is set to be a busy month for the investment trust world, with almost 30 closed-ended funds holding their annual general meetings (AGMs) next month. AGMs are a fantastic opportunity for private investors to interact with the people managing their money. They also provide a chance to get managers’ thoughts on markets and an understanding of how their portfolios are currently positioned.
Kepler & Partners' David Kimberley: Emerging market shifts

Nov 14, 2023 | investmentweek.co.uk | David Kimberley

China's economic growth has dominated the EM story of the past two decades. That arguably reached its zenith in October 2020, when the country's weighting in the MSCI Emerging Markets Index peaked at close to 45%. But as that ‘peaked' suggests, the past three years have seen sentiment towards Chinese equities change dramatically.
Your vote counts: the investment trust AGMs in October 2023

Sep 27, 2023 | ii.co.uk | David Kimberley

As we head into autumn, another month of investment trust annual general meetings (AGMs) lies ahead. October tends to be quieter than the post-summer holidays spike we see in September, with only nine investment trusts holding their AGMs next month. Invest with ii: Trade Investment Trusts | Cashback Offers | Open a Trading AccountHowever, the most notable corporate action taking place next month is a continuation vote for Hipgnosis Songs Ord (LSE:SONG), the music royalties fund.
Your vote counts: the investment trust AGMs in July 2023

Jun 30, 2023 | ii.co.uk | David Kimberley

The summer months are usually quieter at most offices, but July is still set to be a busy period in the investment trust world, with 25 closed-ended funds holding their annual general meetings (AGMs) next month. AGMs offer private investors the opportunity to make their voices heard and gain a better understanding of what the managers they’re invested in are doing.
Your vote counts: the investment trust AGMs in June 2023

May 26, 2023 | ii.co.uk | David Kimberley

Although they are frequently the largest combined shareholders in closed-ended funds, private investors rarely attend or vote at annual general meetings (AGMs). This means missing out on getting first-hand knowledge of what the people managing your money are doing and the ability to ask them questions. Moreover, on occasions where resolutions are put forward that you may not agree with, you won’t make your voice heard by voting against them.