Telephone 01260 226 610
Mobile 07429 652 970
Email enquiries@laforum.co.uk

White Papers

White Papers

In-depth, expert analysis on the changing landscape of investments around the world. Leading asset managers reports uncover trends, highlight changes and consider future strategic impact.

New Capital - The Fed’s balance sheet: answers to seven questions

In this edition of Infocus, Stefan Gerlach answers seven frequently asked questions about the US Federal Reserve’s huge balance sheet and ways it may be reduced.

Company: New Capital
Date added: 25-05-2017
Sector: Interest Rates

>> DOWNLOAD WHITE PAPER

New Capital - Wage dynamics and the ECB’s monetary policy

In this edition of Infocus, Stefan Gerlach and GianLuigi Mandruzzato argue that weak wage dynamics support the European Central Bank’s monetary policy patience.

Company: New Capital
Date added: 25-04-2017
Sector: Markets

>> DOWNLOAD WHITE PAPER

New Capital - European recovery helped by ongoing reforms

European equities started the year with a bang as the hype of the European Central Bank’s (ECB) quantitative easing programme boosted markets. The positive sentiment later turned negative as weaker economic data out of China signalled a slowdown in the world’s second largest economy, and investors and the Federal Reserve alike were uncertain over the future of US monetary policy. However, over the last few months positive news from Europe has yet again encouraged the market and we are now back near the previous highs hit earlier in the year.

Company: New Capital
Date added: 25-11-2016
Sector: European Equities

>> DOWNLOAD WHITE PAPER

New Capital - US Growth Equities – Reasons to be Bullish

As the US Presidential Election approaches, market volatility and uncertainty are likely to increase from their current subdued levels. Following the Election, we believe that the market can climb the proverbial Wall of Worry into year-end, and we have positioned the portfolio accordingly.

Company: New Capital
Date added: 20-10-2016
Sector: US Equities

>> DOWNLOAD WHITE PAPER

New Capital - Fortune Favours The Brave

Tony Jordan, Senior Portfolio Manager, of the New Capital Asia Pacific Equity Income Fund, provides his latest insight into the evolving Asia Pacific ex-Japan equity market, and why this asset class is now coming back into favour

Company: New Capital
Date added: 19-09-2016
Sector: Asia Pacific

>> DOWNLOAD WHITE PAPER

New Capital - Thematic Spotlight: Hey big spender

Confidence in the US economy is positively affecting a change in consumer buying behaviour as they switch to spending rather than saving.

Company: New Capital
Date added: 29-06-2016
Sector: US Equities

>> DOWNLOAD WHITE PAPER

New Capital - Brexit: What Next?

The results are in; but what does this mean for the markets, central bank policy, economics, and the politicians? Read our initial thoughts on Brexit, as discussed in this morning's EFG Asset Management post EU referendum investment meeting.

Company: New Capital
Date added: 24-06-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

New Capital - Chinese tourism is taking off

China’s economy may be slowing, but this has not stopped consumers spending more to improve their lifestyles – travel and tourism being the biggest winners.

Company: New Capital
Date added: 22-06-2016
Sector: China

>> DOWNLOAD WHITE PAPER

New Capital - Brexit: The Curse of the Conservatives

In a month’s time - on 23rd June - the UK will hold a referendum to determine whether or not the country remains part of the European Union (EU). The vote is of international significance because the consequences of a vote to leave would have global ramifications. Amongst other things it would call into question the future of the EU. In this latest Indepth research note, EFG’s Chief Economist Daniel Murray discusses the costs and benefits of EU membership and the market implications of a vote to remain.

Company: New Capital
Date added: 26-05-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

New Capital - Latest Insights Asia Pacific Fund Focus: 10 Minutes with Tony Jordan

We talk to Senior Portfolio Manager, Tony Jordan, who gives us insight into the investment process behind the New Capital Asia Pacific Equity Income Fund, and shares with us his outlook for the rest of 2016.

Company: New Capital
Date added: 17-03-2016
Sector: Asia Pacific

>> DOWNLOAD WHITE PAPER

New Capital - Latest Insights Equity Spotlight: The Growth is Out There

Much of 2016 has seen fundamental thinking thrown to the wind as fears abounded about a China slowdown, oil price depression and the fairy tale story of global economic growth. Despite this macro setting, there are plenty of opportunities for growth equities across the world.

Company: New Capital
Date added: 11-03-2016
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

New Capital - Oil Price Concern

With oil prices falling below $30 a barrel, Michael Leithead addresses concerns in the market and provides insight into how the New Capital Wealthy Nations Bond Fund is positioned to benefit from these conditions.

Company: New Capital
Date added: 27-01-2016
Sector: Commodities

>> DOWNLOAD WHITE PAPER

New Capital - China: The New Five Year Plan

Fifth Plenary Session Concluded

The proposals in the 13th Five Year Plan look very encouraging with an aim to boost domestic consumption supported by rise in urbanisation rate, minimum wage and social safety-net. We discuss:

 

A) Targeting growth of around 6.5%.

B) Financial sector reform

C) Improvements in foreign relationships

D) Globalization and "One Belt, One Road"

E) Reform policy covers both new and old economies

F) Innovation and reform seen as keys to development

G) Potential inclusion of RMB into the SDR currency basket

Company: New Capital
Date added: 05-11-2015
Sector: China

>> DOWNLOAD WHITE PAPER

New Capital - China SOE reform meeting update

After the Politburo Committee on 12 October 2015, the date of the fifth Plenum was set for 26-29 October in Beijing to discuss the development plan for the next five years (amendment from our earlier indication of 15-18 October, citing from the local press). The party is expected to approve a draft of the national economic and social development program from 2016 to 2020 during the meeting. The meeting is extremely important for China with a view of taking China's State-Owned Enterprises (SOE) to the next stage of its development: profit-driven global players. The full plan will then be sent to the National People’s Congress for rubber-stamp approval in March 2016, before each region and industry comes up with its own, more detailed plan.

 

Company: New Capital
Date added: 14-10-2015
Sector: China

>> DOWNLOAD WHITE PAPER

New Capital - Global Macro Outlook

Global growth: looks reasonable if unexceptional. Improving developed market v deteriorating EM.

Company: New Capital
Date added: 05-10-2015
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

New Capital - Global Equity Update

Global update on micro to macro trends.

Company: New Capital
Date added: 05-10-2015
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

New Capital - China: Older, Slower, Wiser

A longer-term pragmatic view on China.

Company: New Capital
Date added: 01-10-2015
Sector: Emerging & Frontier Equities

>> DOWNLOAD WHITE PAPER

New Capital - A longer, pragmatic view on China

Recent market corrections have made headlines. We, however, continue to focus on strong fundamentals and the benefits of ongoing reforms.

Company: New Capital
Date added: 18-09-2015
Sector: China

>> DOWNLOAD WHITE PAPER

Sectors

Company