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News and Views - January Newsletter

Welcome

2021 presents opportunities from the fallout from the difficult times we experienced last year; there will be some significant pent-up demand.
Rob Bailey, Head of UK Wholesale Distribution

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If you have further questions on our European Equity offering or any of GAM's strategies, please contact us here.

 

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INVESTMENT IDEAS

Featured Strategy: European Equities

GAM Star European Equity seeks to deliver attractive, risk-adjusted returns through active, unconstrained investment in a large, liquid universe of pan- European stocks. GAM’s European Equity team, led by Niall Gallagher, uses a high conviction approach to invest in a concentrated portfolio of 30-40 companies that it believes will generate superior long-term returns and allocate shareholders’ capital intelligently.

Niall Gallagher
Investment Director
Christopher Sellers
Investment Manager
Chris Legg
Investment Manager

REASONS TO INVEST

Exposure to structural change

Powerful global trends, such as the rise of the Asian middle class, the commerce switch from offline to online and decarbonisation, are impacting worldwide markets, with such trends underpinning and impacting the select stocks in the team’s highly concentrated portfolio.

EM exposure

Select European companies offer strong EM growth but with developed market corporate governance and cost of capital.>50% of the revenues of listed European equity markets are derived from outside of Europe, with EM economies contributing almost as much revenue to European equities as European countries.

Global leaders

European equities offers unique exposure to global leaders in many areas, such as luxury, technology, premium spirits and brands, selected healthcare and green technology & green leaders.

Sustainability

European companies are enabling cost-efficient delivery of global public policy objectives. Furthermore, investors can access the ‘socially responsible’ theme through European luxury goods companies, which are increasingly responding to growing awareness among younger consumers with sustainable strategies and partnerships.

Niall Gallagher is an Investment Director responsible for the management of European equity funds at GAM Investments.

Seeking out ‘stock-specific’ alpha in European Equities

Covid-19 continues to supercharge structural shifts across multiple sectors, resulting in polarisation between winners and losers. GAM Investments’ Amanda Lyons, Niall Gallagher and Ali Miremadi review an extraordinary year of change and discuss the importance of selectivity in equity markets as we move into 2021.

EVENTS

GAM has a wealth of insightful thought provoking events. Keep an eye on the events section below, in order to register for the 2021 events we have in the pipeline, or even to catch up on previous events you may have missed.

INSIGHTS

Our investment specialists are among the brightest minds in the industry. Please click on the insights below to learn more about their views on markets and asset classes.

Active Thinking
Active Thinking: Applying Swiss precision to a global investment opportunity set.
23 February 2024

Swiss companies’ reach is probably more global than you realise. Daniel Häuselmann discusses how a combination of Switzerland’s stability and mindset of excellence through innovation have helped Swiss companies to become leaders on the world stage.

Charles Hepworth Blog
Fed wary of cutting US rates too quickly
22 February 2024

FOMC meeting minutes suggest cautious approach to cuts until inflation battle is won.

Charles Hepworth Blog
UK services sector continues to expand
22 February 2024

More of the same, as services sector grows but manufacturing contracts, posing dilemma for the Bank of England.

Active Thinking
Active Thinking: China’s economic evolution beyond stereotypes
20 February 2024

Jian Shi Cortesi, Investment Director, Asia/China Growth Equities, delves into the intricate dynamics of Chinese and Asian equities. She focuses on the impact of manufacturing shifts, India’s emergence and the potential parallels with Japan’s economic trajectory.

Charles Hepworth Blog
UK retail sales bounced back strongly in January
16 February 2024

Recovery from December’s disappointment raises hope that UK recession could be both shallow and brief.

Newsletter Archive

CONTACTS

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Disclaimer: Past performance is not an indicator of future performance and current or future trends. The indications could be based on figures denominated in a currency that may be different from the currency of your residence country and therefore the return may increase or decrease as a result of currency fluctuations. Capital at risk: all financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. Any reference to a security is not a recommendation to buy or sell that security.