Insights

Insights from Davy Asset Management

While we implement a bottom-up stock selection strategy we maintain a firm grasp of the bigger picture
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Q4 2016 Investment Outlook

"Long-run prosperity was never in the gift of monetary policy makers. Consensus is growing that escaping this low-growth low-inflation trap will require a re-balancing between monetary, fiscal and structural policies." Mark Carney, Governor of the Bank of England, 22nd September 2016.

Market Update October 2016
BY Mark Seavers
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Davy Defensive Equity Income Fund 5-Year Anniversary

On 30th September 30th 2016, the Davy Defensive Equity Income Fund (the Fund) marked its fifth anniversary, a significant milestone.The Fund has provided downside protection with an impressive return of 52.7% over the past five years. The strong performance can be attributed to diligent and prudent management as well as a consistent application of our investment philosophy and process.

Investing Insights October 2016
BY Mark Seavers
BY Davan Byrne
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Meet the Manager

In this series of “Meet the Manager” Tim Kelly (TK), Business Development Associate Director at Davy Asset Management, interviews Jeremy Humphries (JH), Fund Manager on the Davy Discovery Fund (the Fund).

Investing Insights October 2016
BY Tim Kelly
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US Healthcare Reform

Healthcare reform has emerged as one of the main talking points in the upcoming US presidential elections. The campaign trail has been filled with election promises and criticisms of previous policies. In this article Brian Kennedy, a member of the Davy Asset Management Global Equity Investment team and co-manager on the Davy Ethical Equity Fund, outlines his view on potential healthcare reforms.

Investing Insights October 2016
BY Brian Kennedy
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Investment Outlook: Keep Calm and Carry On

Equity markets continued their rollercoaster journey for investors in the second quarter of 2016 with the shock UK referendum result punctuating the quarter end. In the first half of 2016, the MSCI World Index had been particularly volatile, falling 5.0% in the first quarter, before rebounding by 3.6% in the second. It is now only off -1.6% year-to-date, in euro terms. This masks a dramatic 15.3% fall between January and February, which was subsequently offset by a deep value rally of 17.3% from February to the end of May.

Market Update July 2016
BY Chantal A. Brennan
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The Fourth Industrial Revolution

The rapid adoption of new technologies has resulted in profound systemic change. This, “The Fourth Industrial Revolution” is impacting industries and business models in various ways. In this latest insight Jonty Starbuck, Fund Manager, for the Global Brands Fund, looks at how global companies are adapting to this current period of transformation.

Market Update July 2016
BY Jonty Starbuck
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ARF Options: The Rules Have Changed

The minister for finance has extended ARF options to all Buy-Out Bond holders, opening the door for better retirement planning. In this article Pat Ryan, Head of Retirement Solutions, examines the implications for advisers of the extension of the Approved Retirement Fund (ARF) options to all buy-out bond holders.

Market Update July 2016
BY Pat Ryan
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Growth in a Low-Growth Environment

The outperformance of small and mid-cap (SMID) stocks relative to their large-cap peers is a much debated anomaly but the evidence is clear over the long term. SMID stocks have outperformed large caps by an impressive by 114% since 2000.

Market Update April 2016
BY Chantal A. Brennan
BY Jeremy Humphries
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NIRP: What Does it Mean?

Since he promised to do “whatever it takes” to save the Eurozone in 2012, nobody could accuse ECB President Mario Draghi of lacking endeavour. The same could also be said of the other main central banks who have pushed the boundaries of unconventional policy further than most had ever expected. But, have they gone too far with their latest innovation – a Negative Interest Rate Policy (NIRP)?

Market Update April 2016
BY Mark Seavers
BY Oliver Sinnott
BY Davan Byrne
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Investment Outlook: Are We Out of the Woods?

The first quarter of 2016 was a volatile start to the year, with January being one of the worst starts to a year on record. While we view the low trajectory of global growth as a continued concern for markets going forward, we can draw some comfort from the fact that many of the risks which flared up in the first quarter are relatively discreet.

Market Update April 2016
BY Chantal A. Brennan