Ninety One | The Big Picture

The agri economy is vast, varied and strategically vital. It has also developed a reputation as being environmentally unfriendly on a global scale, but things are changing as primary agricultural businesses and an array of ancillaries mend their ways. Dawid Heyl explains and details the resultant opportunities. Hosted on Acast. See acast.com/privacy for more information.

The hype around AI exploded into the public consciousness at the start of this year, largely due to the arrival of OpenAI’s ChatGPT. But as Abrie Pretorius and Nikhil Solanki explain, we’re actually at the start of the third AI-hype cycle, the first of which started in the 1950s! In this podcast, they look at the likely winners in the space and what this means for investors. Hosted on Acast. See a...

Investors have been asking whether cash is the only answer for a defensive income at present. Jason Borbora-Sheen and Ellie Clapton argue that the solution may not be quite so black and white. In this interview, Jason highlights four key reasons for why there is an opportunity cost of a cash only approach and where he feels investors should be looking. Hosted on Acast. See acast.com/privacy for mo...

Sentiment on sustainable investing and climate investing in particular has swung from peak positive for a variety of reasons that include interest rates and anti-ESG sentiment. Deirdre Cooper explains the shift, outlines her stance and injects a good deal of contrarian optimism.  Hosted on Acast. See acast.com/privacy for more information.

Many investors have been wary of investing in companies in natural resources sectors amid climate concern. Yet a sizeable group of natural resources businesses have critical roles to play in the energy transition, and consequently significant structural growth potential. Combined with underinvestment in new supply of transition-essential commodities and low valuations, it adds up to a fascinating...

Bond yields in the US have been on the rise since 2020. From a low of below 1%, the 10-year yield at the time of publication is over 4.5%. Yes, inflation is still elevated and interest rates are thus remaining high, but are there other factors at play? Jason Borbora-Sheen explains the fundamentals and the actions of market participants, their consequences and the potential outcomes. Hosted on Acas...

The oil price was hovering just over $70 per barrel in mid-June, but by early September was just above $90. This sharp and rapid rise has been attributed to a Saudi strategy of removing supply, but the buoyant demand is also crucial as higher prices have not affected the world’s appetite for black gold. Tom Nelson discusses the price equation and implications of the recent rally. Hosted on Acast....

The annual gathering of the world’s central bankers at Jackson Hole has concluded. The headline act, Jerome Powell of the Federal Reserve, was predictably circumspect as he highlighted stubborn inflationary pressures and therefore a cautious monetary policy stance. Russell Silberston summarises the gathering and the future of not only US interest rates but China’s and other key economies. Hos...

Reports of the demise of the US dollar as the world’s reserve currency have been numerous over recent years. Yet its status remains intact even though 2023 hasn’t been kind to the greenback. US interest rates show signs of having peaked as inflation abates, but is the dollar weakness as simple as that? Philip Saunders provides a perspective on the outlook in conversation with Lindsay Williams. Hos...

Juliana Hansveden and Yuxin Lin from the Sustainable Equity team recently travelled to China and Korea to meet existing and prospective portfolio companies. They discuss the insights gained from the trip and detail how they’re capturing the structural growth opportunities. Thirty one company visits over 14 days. A hectic schedule for Juliana Hansveden and Yuxin Lin as they travelled China and Kore...

These are uneasy times in the oil market. The OPEC+ group met again in Vienna last week alongside oil industry chief executives and the stakes are high. Tom Nelson, Head of Thematic Equities discusses with Lindsay Williams. Hosted on Acast. See acast.com/privacy for more information.

India offers an exciting decarbonisation growth opportunity, but it is also fast becoming the most populous country in the world. With that comes both risks and opportunities for investors. Portfolio Manager Graeme Baker is joined by Ninety One analyst Arita Sehgal and London School of Economics Professor in Practice Nick Robins to unpack this topic. They look at India’s impact on the world’s tran...

The world needs $4 trillion a year to reach net zero by 2050, with 25% of this needed by emerging markets. Nazmeera Moola, Chief Sustainability Officer and Daisy Streatfield, Sustainability Director, discuss how if we are to achieve a real-world transition, investors must finance new infrastructure and industries in emerging markets that will help the transition and provide capital for credible tr...

Philip Saunders discusses the end of the current cycle and a new market regime that is reshaping the world as we know it and unpacks what this means for investors. Hosted on Acast. See acast.com/privacy for more information.

The poor performance of government securities in 2022 and the write-down of Credit Suisse’s AT1 bonds should lead investors to question the defensive qualities of their fixed income holdings. Traditionally, bonds have been seen as ‘safe’ and equities as ‘risky’, but this does not always hold true. Jason Borbora-Sheen and Ellie Clapton are back on the desk to discuss why they think investors need t...

The UK’s financial sector is not just about big banks. Portfolio managers Ben Needham and Anna Farmbrough explain why savings platforms are a pocket of the equity market with significant growth potential, making it an area of focus for quality investors. Demographics, government regulation and technology should all help its development, with additional learnings on offer from US counterparts. Host...

In this interview, we speak to Bridget Beals, Head of Climate Risk & Strategy at KPMG who talks to us about the engagements she’s having with companies across public and private markets and the transition plans she’s seeing from these companies. Hosted on Acast. See acast.com/privacy for more information.

The Credit Suisse crisis has called into question the defensive qualities of fixed income holdings. Traditionally, bonds are seen as ‘safe’ and equities as ‘risky’, but John Stopford argues this rather simplistic view of the world ignores the quality and breadth of securities which make up a company’s capital structure.  Hosted on Acast. See acast.com/privacy for more information.

Valuations in South Africa are cheap, but in the fight for capital, opportunities in Asia appear more compelling, says Hannes van den Berg.  Hosted on Acast. See acast.com/privacy for more information.

Following the recently concluded spring meetings of the IMF and World Bank, Annika Brouwer reflects on progress made in public finance reform, the need for and challenges of mobilizing private capital, and the imperative for policies and projects to incorporate a return objective.  Hosted on Acast. See acast.com/privacy for more information.

What is typically expected to be a quiet post-holiday week, saw a number of interesting developments exerting influence. US inflation at the consumer and producer levels abated, the UK produced anaemic growth numbers, and the IMF played down talk of peak interest rates. Significantly, the US dollar took a tumble. Jason Borbora-Sheen considers the implications.  Hosted on Acast. See acast...

The past couple of years have been disorderly for Chinese equities. However, President Xi’s recent reshuffle provides greater clarity regarding the government’s direction of travel. In our view, the trend towards localisation – prioritising domestic champions over foreign alternatives, in order to drive self-sufficiency – will benefit several leading companies within the quality spectrum, particul...

To get to net-zero we have to finance the high emitting sectors and regions from a state of high carbon to a state of low carbon. The path to getting there is not simple or clear. Head of Thematic Equity Tom Nelson and Sustainability Specialist Annika Brouwer discuss the disorderly transition that is underway. Hosted on Acast. See acast.com/privacy for more information.

The investment world has been rocked by two bank failures in the US and a crisis at a Swiss giant. Financial authorities have stepped in to soothe fears of a contagion and yet investors’ nerves are still raw. Philip Saunders argues that this is a healthy development for the long term. Hosted on Acast. See acast.com/privacy for more information.

In the latest episode of Inside Track David Clare, Partner at Barnett Waddingham, is interviewed by Ninety One's Jaspal Boparai. He provides us with a view of the UK Investment Consulting landscape from the eyes of a true industry veteran as he prepares for retirement. Hosted on Acast. See acast.com/privacy for more information.