CIO Update: Are stock markets returning to normal?
By: Alexandra MorrisThe third quarter saw a broadening of the equity rally and the emergence of several factors that signal a stabilisation of market conditions.
Stock market concentration: a SKAGEN perspective
By: Alexandra MorrisAs a dwindling number of stocks drive global equity returns, what are the implications for markets and investors?
CIO Update: Beware what lies beneath the rising stock market tide
By: Alexandra MorrisGlobal equities maintained their ascent in the second quarter, but fewer stocks are generating the returns – as their valuations and market concentration ...
The US-China conundrum
By: Alexandra MorrisIn the first of a series of articles ahead of the US election, I examine how the reversal of capital flows since the pandemic has impacted stock markets and ...
CIO Update: Value’s time to shine?
By: Alexandra MorrisThe latest round of inflation data appears to have reassured investors that interest rate cuts remain in sight, if not quite within touching distance. As eyes ...
CIO Update: Is the market rally losing steam?
By: Alexandra MorrisStock markets around the world broke records during the first quarter but economic and geopolitical risks are looming on the horizon.
Asia Engagement: Reflections from three dynamic emerging markets
By: Alexandra MorrisOn a recent visit to South Korea, Vietnam and India, we discovered three very different cultures and addressed ESG, financial and operational matters with ...
Where next after a shock end to the year of surprises?
By: Alexandra MorrisPerhaps inevitably 2023 ended with a bang for equity markets. A year that began with expectations for a global recession and rock-bottom investor sentiment ...
CIO Update: Small caps poised for merger mania?
By: Alexandra MorrisA side-effect of the runaway returns generated this year by the world’s biggest companies is that those lower down the food chain are looking increasingly ...
CIO Update: More surprises to come?
By: Alexandra MorrisSo far 2023 has been a year of surprises. At the outset, most economists expected a global recession – the perceived wisdom being that choking demand by ...
Will stocks continue to climb higher?
By: Alexandra MorrisAs summer turns to autumn, it is always good to reflect on the year so far and what the remainder of 2023 could have in store for investors.
CIO Update: Narrow footing on higher ground
By: Alexandra MorrisThe market's strong first half performance inevitably brings higher risk, particularly given its slender foundations. An uncertain macro environment further ...
The active enigma: Can stockpickers continue to prove their worth?
By: Alexandra MorrisAs SKAGEN celebrates its 30th anniversary, we assess how the changing investment landscape has impacted active management over recent decades, the traits ...
CIO Update: Machine learnings
By: Alexandra MorrisAI is fuelling short-term market gains but its long-term power will be far more potent - especially for those who buy it at the right price.
It starts with good corporate governance
By: Alexandra MorrisSKAGEN's focus on good corporate governance is long-standing. For almost 30 years we have recognised it as crucial for long-term profitability and invested in ...
Banking sector volatility: A SKAGEN Perspective
By: Alexandra MorrisThe banking sector has been extremely volatile of late. What is SKAGEN's view of the turmoil and what is the risk of contagion?
CIO Update: Survival of the fittest
By: Alexandra MorrisJanuary is the month to get active both physically and financially – good stock picking will ensure portfolios remain healthy to tackle the year ahead.
The return of common sense: How stock markets will find their feet in 2023
By: Alexandra MorrisEquities to recover once recession confirmed; interest rate normalisation to sustain value recovery.
Is there light at the end of the tunnel?
By: Alexandra MorrisAs we enter the final phase of a painful year for investors across nearly all asset classes, SKAGEN Investment Director Alexandra Morris assesses the economic ...
CIO Update: What recession would mean for stock markets and our funds
By: Alexandra MorrisAs stock markets continue to slide and sentiment darkens by the day, it is natural to wonder how close we are to the bottom. During periods of market stress, ...
Clearing the fog of ESG ratings
By: Alexandra MorrisThird-party sustainability research is confusing and risky – greater regulation is important but no substitute for doing one's own analysis.
Braced for a bear market: A SKAGEN perspective
By: Alexandra MorrisAfter several jittery weeks, the US benchmark S&P 500 index on Monday entered a bear market. What does this mean for stock markets and your investments in our ...
The silent assassin: What rising inflation means for investors
By: Alexandra MorrisThe current mood may be gloomy, but a diversified stock portfolio still provides the best protection against the silent assassin of inflation and the route to ...
CIO Update: The power of dividends
By: Alexandra MorrisHow company pay-outs provide protection and prosperity in the current volatile environment.
CIO update 2021: Onwards and upwards
By: Alexandra MorrisAfter a helter-skelter 2020, stock markets found relative calm in 2021. SKAGEN's equity funds all delivered positive absolute returns in 2021, with each ...
Why active managers have the ESG advantage
By: Alexandra MorrisActive managers have a clear advantage when it comes to ESG: we can decide which companies to hold, how much exposure we want and when to sell.
Third quarter ESG report: A focus on process and progress
By: Alexandra MorrisSustainability often means different things to different people but there is a clear distinction between sustainable asset management and sustainable investing ...
CIO Update: Making sense of financial advice
By: Alexandra MorrisWould you go to your neighbour for advice about your chest pains? Unless she is a doctor, the answer is likely no. My guess is that the same goes for your ...
CIO Update: Playing the Long Game
By: Alexandra MorrisThe rapid rise of the Delta variant is spooking the market. However, provided we remain vigilant and reopen in a sensible way, I am optimistic that we will see ...
CIO Update: Is Inflation Here to Stay?
By: Alexandra MorrisPricing pressure is rising: what does this mean for equities and other assets, and should we be worried? For investors focused on value, it could be good news.
In the sweet spot
By: Alexandra MorrisWhy our focus on value and active stock-picking should provide a winning combination for investors.
The snowball effect: First quarter sustainability report published
By: Alexandra MorrisSKAGEN has a clear goal to improve sustainable business practices across our holdings. Read more about how we go about this in our first quarter sustainability ...
Value recovery gains velocity
By: Alexandra MorrisA year on from the world entering lockdown and stock markets plummeting, vaccine rollouts and economic reawakening signal optimism for a sustained revival.
No such thing as a free lunch
By: Alexandra MorrisAt SKAGEN we take a holistic view of ESG. For us, it is paramount that companies have a strong culture for pursuing improvements and set clear targets which ...
CIO Update: A Rollercoaster Year
By: Alexandra MorrisLike society at large, 2020 was a strange and often difficult year for investors. Nonetheless, the wide dispersion in returns between sectors and stocks in ...
Small companies, big returns?
By: Alexandra MorrisIn the summer I wrote about the record disparity between growth and value stocks. Since news broke of a possible COVID vaccine, value stocks have shown signs ...
Five commandments for value investors
By: Alexandra MorrisIn order to succeed as a value investor, it is not enough to just find companies that have low valuation based on earnings and book value.
US Presidential Election: A SKAGEN Perspective
By: Alexandra MorrisInvestors hoping for a swift resolution to the US election have clearly been left disappointed as the Presidential result remains undecided.
Trump or Biden – Does the stock market care who wins the US election?
By: Alexandra MorrisAs we enter the final stretch of the US election campaign, should investors care who wins and make decisions based on the expected outcome? A look at ...
What is value investing?
By: Alexandra MorrisThe concept of value investing a simple one: By focusing on fundamental company analysis, investors can outperform the stock market by identifying and ...