How you can invest in state-of-the-art companies powering the 21st Century economy
It has been difficult to ignore the renewed sense of optimism creeping into stock markets this year.
Global Best Ideas Strategy Sees £150m Asset Boost Following Rootstock Acquisition
London, 2 March – The Stonehage Fleming Global Best Ideas Equity strategy will see its assets swell by £150m following Stonehage Fleming’s acquisition of Rootstock Investment Management.
The acquisition by Stonehage Fleming Investment Management of South Africa-based Rootstock Investment Management completed today.
The deal boosts the overall assets of Stonehage Fleming’s flagship Global Best Ideas Equity (GBI) strategy, managed by leading quality growth investor Gerrit Smit, to £3bn.
The GBI strategy currently incorporates a flagship UCITS fund, launched in August 2013, and a number of segregated client mandates. As a result of the deal, the Stonehage Fleming Global Best Ideas Equity Fund has amalgamated the Rootstock Global Equity Fund, increasing assets in the GBI Fund to £1.7bn
Meanwhile Rootstock’s £93m Worldwide Flexible Fund has been rebranded as the Stonehage Fleming SCI Worldwide Flexible Fund, with Smit taking overall responsibility for its management. It will largely mirror the GBI strategy.
Among the benefits of the enhanced scale brought by the acquisition, will be a lower Total Expense Ratio (TER) for investors in the GBI fund, which has delivered an annualised return of 12.1% (end January 2023) since inception.
Gerrit Smit, manager of the Global Best Ideas Equity strategy, commented: “Rootstock’s investment philosophy is strongly aligned with ours, making both the acquisition and transition very straightforward to manage.
The additional scale in AUM will be a benefit not only to us but also to our investors through a lower TER and we look forward to continuing to deliver strong risk-adjusted returns for clients.”
How you can invest in state-of-the-art companies powering the 21st Century economy
It has been difficult to ignore the renewed sense of optimism creeping into stock markets this year.
Global Best Ideas Strategy Sees £150m Asset Boost Following Rootstock Acquisition
London, 2 March – The Stonehage Fleming Global Best Ideas Equity strategy will see its assets swell by £150m following Stonehage Fleming’s acquisition of Rootstock Investment Management.
The acquisition by Stonehage Fleming Investment Management of South Africa-based Rootstock Investment Management completed today.
The deal boosts the overall assets of Stonehage Fleming’s flagship Global Best Ideas Equity (GBI) strategy, managed by leading quality growth investor Gerrit Smit, to £3bn.
The GBI strategy currently incorporates a flagship UCITS fund, launched in August 2013, and a number of segregated client mandates. As a result of the deal, the Stonehage Fleming Global Best Ideas Equity Fund has amalgamated the Rootstock Global Equity Fund, increasing assets in the GBI Fund to £1.7bn
Meanwhile Rootstock’s £93m Worldwide Flexible Fund has been rebranded as the Stonehage Fleming SCI Worldwide Flexible Fund, with Smit taking overall responsibility for its management. It will largely mirror the GBI strategy.
Among the benefits of the enhanced scale brought by the acquisition, will be a lower Total Expense Ratio (TER) for investors in the GBI fund, which has delivered an annualised return of 12.1% (end January 2023) since inception.
Gerrit Smit, manager of the Global Best Ideas Equity strategy, commented: “Rootstock’s investment philosophy is strongly aligned with ours, making both the acquisition and transition very straightforward to manage.
The additional scale in AUM will be a benefit not only to us but also to our investors through a lower TER and we look forward to continuing to deliver strong risk-adjusted returns for clients.”
What constitutes a true quality growth stock?
There is increasing debate about what constitutes a quality growth stock today.
That stems from a painful 2022 for many quality growth companies, which suffered last year from the strong rotation to value. To some investors, certain quality stocks now look more like value stocks.
Stonehage Fleming's Smit reveals three ‘standout’ quality-growth opportunities for 2023
20 Feb 2023
Stonehage Fleming's Smit reveals three ‘standout’ quality-growth opportunities for 2023
Growth investors were bruised by 2022’s harsh market rotation but Stonehage Fleming's Gerrit Smit says some of the quality-growth stocks he backed when they sold off represent “standout” opportunities for the coming year.
Last year was challenging for most investors, but especially those holding growth stocks – which sold off aggressively as central banks hiked interest rates to tackle soaring inflation. Value stocks, on the other hand, fared much better.
Big Tech meltdown: how can the likes of Amazon, Alphabet and Meta?
Many of these names would still have made you a lot of money over the medium term.
Some of the most popular tech-related stocks of the past decade have gone from making people rich to being among the weakest performing names on the market. Are the worst of the falls over for the likes of Amazon (AMZN:NASDAQ), Tesla (TSLA:NASDAQ) and other market giants of their kind? Read on to find out.
The reasons behind the sudden drop in share prices last year for this group are twofold. First, the value of their shares was negatively impacted by rising interest rates meaning investors were no longer prepared to pay a premium to own the stock. The shares fell due to a ‘derating’, namely they traded on a lower multiple of expected earnings.
Second, all the companies suffered from either strategic, operational, regulation or reputational issues. Amazon, Tesla, Meta Platforms (META:NASDAQ), Microsoft (MSFT:NASDAQ), Netflix (NFLX:NASDAQ), Alphabet (GOOG:NASDAQ) and Apple (AAPL:NASDAQ) reminded the world that even the most successful companies can suffer setbacks.
This second area is the prime focus of this article. Whereas the issues around their derating – inflation, interest rates and central bank policy – are out of the companies’ control, they can address the other factors. Hence why investors need to look closely at the problem areas when deciding if they want to keep the shares, buy more, or get out completely.
Nike Stock Soars After Sneaker Giant Beats Forecasts, Lifts Outlook
Nike shares are surging Wednesday after the sportswear company raised its revenue-growth outlook and reported a better-than-expected set of quarterly results.
The company also said its inventory challenges are abating, although levels remain elevated. Nike's inventory was valued at $9.3 billion in the quarter ended Nov. 30, up 43% from the prior year.
What constitutes a true quality growth stock?
There is increasing debate about what constitutes a quality growth stock today.
That stems from a painful 2022 for many quality growth companies, which suffered last year from the strong rotation to value. To some investors, certain quality stocks now look more like value stocks.
Stonehage Fleming's Smit reveals three ‘standout’ quality-growth opportunities for 2023
Growth investors were bruised by 2022’s harsh market rotation but Stonehage Fleming's Gerrit Smit says some of the quality-growth stocks he backed when they sold off represent “standout” opportunities for the coming year.
Last year was challenging for most investors, but especially those holding growth stocks – which sold off aggressively as central banks hiked interest rates to tackle soaring inflation. Value stocks, on the other hand, fared much better.
Big Tech meltdown: how can the likes of Amazon, Alphabet and Meta?
Many of these names would still have made you a lot of money over the medium term.
Some of the most popular tech-related stocks of the past decade have gone from making people rich to being among the weakest performing names on the market. Are the worst of the falls over for the likes of Amazon (AMZN:NASDAQ), Tesla (TSLA:NASDAQ) and other market giants of their kind? Read on to find out.
The reasons behind the sudden drop in share prices last year for this group are twofold. First, the value of their shares was negatively impacted by rising interest rates meaning investors were no longer prepared to pay a premium to own the stock. The shares fell due to a ‘derating’, namely they traded on a lower multiple of expected earnings.
Second, all the companies suffered from either strategic, operational, regulation or reputational issues. Amazon, Tesla, Meta Platforms (META:NASDAQ), Microsoft (MSFT:NASDAQ), Netflix (NFLX:NASDAQ), Alphabet (GOOG:NASDAQ) and Apple (AAPL:NASDAQ) reminded the world that even the most successful companies can suffer setbacks.
This second area is the prime focus of this article. Whereas the issues around their derating – inflation, interest rates and central bank policy – are out of the companies’ control, they can address the other factors. Hence why investors need to look closely at the problem areas when deciding if they want to keep the shares, buy more, or get out completely.
Nike Stock Soars After Sneaker Giant Beats Forecasts, Lifts Outlook
Nike shares are surging Wednesday after the sportswear company raised its revenue-growth outlook and reported a better-than-expected set of quarterly results.
The company also said its inventory challenges are abating, although levels remain elevated. Nike's inventory was valued at $9.3 billion in the quarter ended Nov. 30, up 43% from the prior year.
