Investing on the Right Side of Change

July 2019
David J. Eiswert , Portfolio Manager


In this video, David Eiswert offers his unique perspectives on the secular forces at large in the world today, and the significance they have for global investors. He explains that we are standing at the intersection of an era of technological innovation with an era of ‘lowflation’ and cheap financing. But what does a virtuous cycle of invention and financing for inventors lead to? A more rapid pace of change, disruption and outcomes than many have expected or anticipated. The ‘chasm’ spanning the time from nascent idea to established business is narrowing. The returns for those stocks on the right and wrong side of this period of accelerating change has been, and will continue to be, large. David explores the complexities this brings for investors and how to generate alpha in this environment. 

 

Is a bubble approaching?

David turns his attention to valuations. While he worries that we’re in a bubble, David argues that the bubble is not, as many would be led to believe, in large cap growth stocks…

 

Will the Bears Eat Goldilocks?

David explores what could end the current bull run. He highlights which bears, in this cycle, could bring the Goldilocks narrative to a very unhappy and child unfriendly ending…
 

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RELATED FUND
SICAV
Class I USD
ISIN LU0143563046
A high conviction global equity fund for which we seek to identify companies on the right side of change. The portfolio typically consists of typically 60-80 stocks representing our most compelling bottom-up growth ideas, often derived from technological innovation and secular disruption.
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Fund Size
(USD)
$1.8b
FACTSHEET
Global Equities