Equity

Fund Team: Oil & Gas Update

Tom Law: Oil & Gas Sector Leader 2015-16 Market Report It is no secret that the oil and gas market is extremely volatile at the moment. Following the drop in price of crude oil to below $30 a barrel, many related firms have taken a significant hit to their share prices. We advise to steer…

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Fund Team: Real Estate & Construction Update

Thomas Hogg, Real Estate & Construction Sector Leader 2015-16 The year ended with the announcement that UK house building reached its highest level since the financial crisis as The National House Building Council registered 156,140 new homes in 2015. Although this is still short of the government’s target of 200,000 new homes, it is a…

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Fund Team: Financials Update

Bill Jung, Financials Sector Leader 2015-16 Oxford Technology Venture Capital Trust (OXT) Oxford Technology 2 Venture Capital Trust Plc is a United Kingdom-based venture capital trust. The principal activity of the Company is to invest in start-up and early-stage technology companies in general located within around 60 miles of Oxford. The Company is focused on…

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Fund Team: Transport & Leisure Update

Oliver Palierakis: Transport & Leisure Sector Leader 2015-16 So far so good for Transport & Leisure. From figure 1 you can clearly see that, YTD, the sector has been performing strongly compared to the FTSE ALL SHARE. This has largely been due to a demonstrated consumer preference to spending their disposable income on activities like…

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Fund Team: Pharmaceuticals Update

Rayane Achich, Pharmaceuticals Sector Leader 2015-16 Pharmaceuticals companies manage a risky business. Drugs in the development pipeline might not come out (e.g. Alkermes (NASDAQ:ALKS) depression drug unsuccessful trials leading to a $4bn market value day-loss on January 21st) or regulators might not approve them. After this long and costly production process, the success of the…

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Fund Team: Technology, Media & Telecoms Update

Devin Zhang, TMT Sector Leader 2015-16 Technology, Media & Telecoms Sector Analysis Report 1. Introduction It seems to be unrealistic in this case to implement the full-scale financial analysis of companies, considering the required length of time and professionalism it may ask during the process, taking into account academic commitments. In light of this reason,…

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Fund Team: Consumer & Retail Update

Lester Tan, Consumer & Retail Sector Leader 2015-16 For the Consumer & Retail sector, we believe that the industry will enjoy a good year for 2016. Given that unemployment rates in the UK has fallen to a seven-year low of 5.4%, as well as 5.1% in the USA, we expect greater consumer spending for the…

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Fund Team: Metals & Mining Update

Harry Jones, Metals & Mining Sector Leader 2015-16 2015 has been a troubling year for industrial metals and consequently, the Metals & Mining industry has suffered, with big miners such as Glencore, Rio Tinto, Anglo American, Antofagasta and BHP Billiton all seeing their share price tumble. The S&P Metals & Mining Index is down 55.75%…

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Fund Team: Industrials Update

Carl Meran, Industrials Sector Leader 2015-16 The idea to go long on oil has not paid off yet and it is not clear yet that a bottom has been reached. I believe the idea to short Tesla should still be right as an idea, however the trade has been helped by the general sell off…

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