Blog

Mid-Quarter Update: What Does Transitory Mean? September 02, 2021

By Steven Vannelli, CFA in Economy, Markets, Portfolio Management

In this Mid-Quarter Update, we discuss our analysis on the following topics: -Recent readings on consumer confidence have rolled over. The surveys are validated by the stagnation in real consumer spending in the last few months. -In conjunction with the slowdown in house sales and…

Spotlight Sofina: Pioneers in Family-Led Corporate Innovation August 31, 2021

By Knowledge Leaders Team in Knowledge Leaders

Based in Brussels, Belgium, with offices in Luxembourg and Singapore, Sofina is a family-run investment company with equity holdings in Europe, the U.S. and Asia. Founded in 1898 as an engineering company, today’s Sofina provides late-stage equity capital. Its unique differentiator is that it only…

Spotlight 3i Group: Innovators in ESG-Focused Private Equity August 31, 2021

By Knowledge Leaders Team in Knowledge Leaders

A private equity and venture capital company based in London, UK, 3i Group invests in mid-market companies. Its unique strategic approach aims to cover costs with income from investments and fees, thereby minimizing dilution of capital. 3i describes its collaborations with investees as responsible and…

Spotlight Carl Zeiss Meditec: A Vision in Innovation August 24, 2021

By Knowledge Leaders Team in Knowledge Leaders

Carl Zeiss Meditec was formed in 2002 when the medical device business was spun off from the larger Zeiss Group, a leader in optical, semiconductor and electronics manufacturing equipment founded in 1846 in Germany. Today, the publicly traded Carl Zeiss Meditec is one of the…

What is the Culprit(s) for Recent Equity Weakness? August 19, 2021

By Steven Vannelli, CFA in Markets

Just when everyone thought we had COVID-19 whipped, the delta variant came along and US cases inflected higher. The 7-day moving average was about 13,000 in early July and has jumped about 10-fold to 132,000 as of yesterday. The first place this can be seen…

Breakdown July 23, 2021

By Steven Vannelli, CFA in Economy, Knowledge Leaders, Markets

We believe the technology sector is broadly breaking down. That’s the bad news. The good news is that the correlation between pure growth stocks and pure value stocks has plunged. This means that growth only explains about 5% of the movement in value stocks right…

Spotlight Pandora: Charming the World with Jewelry Innovations July 08, 2021

By Knowledge Leaders Team in Knowledge Leaders

Known globally for its charm bracelets, Pandora is the world’s largest jewelry brand. Founded in 1982 by a Danish goldsmith and his wife, the firm got its start importing products from Thailand to sell in their small Copenhagen shop. By 1989, they were manufacturing their…

Is the Re-Opening/Value Trade Over? July 07, 2021

By Steven Vannelli, CFA in Markets, Portfolio Management

Interest rates have been falling in recent months leading some to speculate that the “re-opening” trade has run its course. This in turn begs the question as to whether the “value” trade is over. On both accounts, we see signals that still point to an…

Spotlight Associated British Foods: Organizational Capital at Work Feeding Britons June 30, 2021

By Knowledge Leaders Team in Knowledge Leaders

Headquartered in London, UK, Associated British Foods is a diversified food ingredients and retail group and owner of the global brands Twinings, Ovaltine and Mazola. The company began in 1935 as Food Investments Limited, growing primarily on the back of its bread business and through…

Spotlight Subsea 7: Submerged in the Energy Transition June 28, 2021

By Knowledge Leaders Team in Knowledge Leaders

Subsea 7 works under the water, at all depths, providing engineering, construction, specialty technologies and maintenance for the offshore energy industry from traditional oil rigs to renewable energy. As owner and operator of one of the most advanced fleets of ships and remote-operated underwater vehicles…

Disclosures

The information presented here is for informational purposes only and is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful. Hyperlinks may be included in this message that provide direct access to other internet resources, including web sites. While we believe these links are to reliable sources, Knowledge Leaders Capital (“KLC”) has no control over the accuracy or content of information contained on these sites. Although we make every effort to ensure such links are accurate, up to date and relevant, we have no control over pages maintained by external providers. The views expressed by these external providers on their own web pages or on external sites they link to are not necessarily those of Knowledge Leaders Capital.

The information provided on this blog is for illustrative or example purposes only and should not be construed as KLC’s opinion or investment outlook. As of the most recent quarter end, the named companies may have been held by KLC. For full information including additional policies and full disclosures, please visit our website: KnowledgeLeadersCapital.com.

Any reference to Index performance does not represent the performance of any investment product offered by Knowledge Leaders Capital, LLC. An investor cannot invest directly in an index. The performance of client account may vary from the Index performance. Index returns shown are not reflective of actual investor performance nor do they reflect fees and expenses applicable to investing.

Companies are selected for “Spotlights” based on high levels of innovation activities in their respective industries and illustrate innovation being employed across all sectors and geographies. Spotlight selection is separate from stock selection by the investment team. Spotlights are not necessarily representative of investment opportunities and can be selected regardless of investment performance or inclusion as a KLC holding.