Monthly Archives: June 2013

itvjodie

ITV shows unusual strength….

The digital media landscape continues to fascinate WealthiFi. We are keeping a close eye on corporate activity as media platforms pursue content or distribution. Arguably, ITV possesses both strengths but is a pure UK play.

June 27th, 2013 by

Mergers and Acquisitions

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bombsaway2

Bonds away! The certainty trade echoes 2008 panic!

The prevailing wisdom for bond investors was that there was a certainty of the return OF your money plus a historically low level of annual income attached. Now it seems like the return ON your money suddenly matters.

June 27th, 2013 by

Funds

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Vinyl records collectors

Telecoms: Not just gold failing to glitter on a 3 year view!

As gold prices hit almost 3 year lows spare a thought for the European telecoms sector which is experiencing the same flashback albeit its highs were way back in 2011. The long run chart looks awful.

June 26th, 2013 by

Style & Sector Trends

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banktruck

European banks back in negative territory for the year…

The BOE wants banks to investigate their exposure to interest rate risks further, Irish banks won’t be enjoying the now globally notorious “Anglo tapes”,  euro peripheral bond yields march higher and a monster derivatives skeleton has just fallen out of … Continue reading

June 26th, 2013 by

Financials

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goldbug

Gold collapse raises QE3 questions….

The collapse in gold prices has seen lots of ex post facto justifications but it is worth reminding ourselves that Buzz Bernanke’s QE3 announcement in Q3 2012 did mark the high point for gold prices.

June 26th, 2013 by

Editorial

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cliffpain

Dividend Stocks: Yield for yield’s sake can be painful…

WealthiFi has been at pains to highlight the dangers of seeking dividends in sectors whose key attraction (and expensive valuation) is the high level of their dividend yields. But rising interest rates can hurt.

June 26th, 2013 by

Income

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opportunityisland

Does emerging market panic breed calm opportunity?

Ok, it has been a bloodbath for emerging markets in recent times and for China investors for more than two years. However, the trading update from Asian banking giant Standard Chartered did catch our eye.

June 26th, 2013 by

Style & Sector Trends

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brokerpanic

A graphic display of retail panic in bond funds…

The “great rotation” was bandied about with great gusto at the outset of the year as US equities funds witnessed some strong inflows. However, that thesis didn’t ring true as bond funds continued to see healthy inflows.

June 26th, 2013 by

Funds

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tantrum

Oil supplies a different perspective on taper tantrums!

Ok, we have tried to avoid Fed taper hysteria so we have focused attention on emerging markets. That too might be overdoing the analysis or justification.

June 21st, 2013 by

Style & Sector Trends

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disciplinemonty

Deutsche Bank won’t like this!

Only yesterday we were writing about a further push from regulators on regulatory capital in Denmark and the UK. We also highlighted Deutsche Bank’s scary “simple leverage” ratio of 1.63%.  

June 21st, 2013 by

Financials

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