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In a previous article, we gave a rationalisation for why, despite seemingly irrational valuations, we remain overweight equities here at TAMIM. This week we continue to explore this but with a caveat, that is the potential for inflation and the reasons why it might pay to be more discerning in your asset allocation. And what are some of the businesses we have invested in to take advantage?
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Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio. Japan Aviation has been a star performer recently with the portfolio up +13.5% CYTD.
Robert Swift takes a look at why Advantest's share price jumped 50% in July and what aspect in particular provides a blueprint for future investments. This article was prompted by the announcement that Verizon was selling Tumblr for a few million dollars. Tumblr is/was a social networking site that allowed users to blog personal stuff to each other. A couple of years ago Tumblr was reckoned to be worth $1bn.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio. Open House is a Japanese real estate company that trades on a single digit P/E ratio yet delvers a revenue growth rate of 30% and profit growth of 16%. Open House has both a strong brand and strong market share of single family housing in key Japanese cities. It is taking advantage of the growing trend of smaller Japanese households and is a stock that is worthy of consideration in your international equity portfolio.
Karl Hunt, of the Global High Conviction strategy, examines one of their more interesting investments. A stock that could be end up being taken out by a bigger fish or, if not, could end up being a compelling media play in its own right. 
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights one of the stocks in the Asia Small Companies portfolio. Showa Denko K.K. (SDK) is one of the largest chemical groups in Japan with history that dates back to 1908, the group also manufactures and markets electronic and aluminium products.
This week we look at one of the more compelling stocks in the TAMIM Alpha Fund portfolio. Allot is a stock well positioned to capitalise on not only the current state of the Telco industry but also the future of the segment and the Internet of Things. Most of us are familiar with the ever-changing landscape of communications technology. Starting from the basic cellular phone in the late 20th century, the advent of the Information Age as we call it has seen us evolve into where we are today, this is the age of the hyper-connected consumer, demanding evermore convenience and consuming exponential levels of data.
Robert Swift highlights one of his favourite stocks at the moment, one that he thinks might just be better than Facebook. We prefer to pay less for future earnings and dividends. If we can find a stock whose future prospects are even only a little better than the market expects, we make good money. Human biases and desires to be in crowds often produce unloved stocks which are merely misunderstood and yet very likely to be re-rated.
Kevin Smith, of API Capital and portfolio manager of the TAMIM Asia Small Companies strategy, highlights one of the more interesting stocks in the Asia Small Companies portfolio.
Robert Swift further presents his case for stocks that straddle multiple sectors in looking at one particular "tech" stock that has recently had some positive newsflow.
This week Kevin Smith of the TAMIM Global Equity High Conviction IMA takes a look at technology stocks. He takes a quick look at the idea that many tech stocks are not in fact tech stocks while many stocks, like the two supposed consumer discretionary stocks he highlights, perhaps should be considered so.
With the chatter questioning whether it is time to trim the FAANG stocks growing, Karl Hunt of the TAMIM Global Equity High Conviction IMA takes a look at portfolio holding Apple (AAPL.NASDAQ) through this lens.
Robert Swift takes a look at the electric vehicle phenomenon and takes a look at how his TAMIM individually managed account strategy is looking to take advantage of this increasingly potent thematic.
This week Robert Swift examines one of the more costly mistakes of the TAMIM Global Equity High Conviction portfolio so far this year. We still believe the investment thesis for Macy's to hold but this experience underlines the significance of timing on short-term returns in investing.
Karl Hunt & Roger McIntosh, of the TAMIM Global Equity High Conviction Individually Managed Account (IMA), take a look at portfolio holding Randstad Holding HV.
Reporting Season is well and truly underway in Australia. With this in mind we asked our Australian managers to provide a preview for the coming weeks. Here the managers of the TAMIM Australian Equity Small Cap IMA reveal what they expect to see.
While Macy's looks like a failing or declining department store business, we don't believe it is a department store at all but rather a real estate company with significant potential as an online retail business.
In the lead up to Brexit Robert Swift, head of the TAMIM Global Equity High Conviction Individually Managed Account (IMA), took the view that one could effectively immunise a portfolio from the effects of potentially massive global economic events like Brexit or the upcoming US Election. Having successfully taken precautions to hold stocks that rode out Brexit admirably he now turns his attention to the US in an attempt to immunise the global equity portfolio against any shocks following the US election. The themes presented here should present strong investment opportunities whatever the outcome of the election may be. Robert also provides us with a list of stocks he is watching with this in mind.
This week Robert Swift, the Head of Global Equity Strategies of the TAMIM Global Equity High Conviction Individually Managed Account (IMA), reviews JP Morgan in an environment where they are aided by the normalisation of the US interest rate yield curve. In this video, Robert contrasts the fortunes of JP Morgan to that of the Commonwealth Bank.
This week Robert Swift, Chief Investment Officer of the TAMIM Global Equity High Conviction Individually Managed Account (IMA),discusses investing in companies that benefit from emerging market growth.
Robert Swift talks about how the TAMIM Global Equity High Conviction IMA is positioned heading into the Brexit vote and in particular reviews our 3 London listed investments.
The fundamental justification for the deal appears reasonable for Microsoft shareholders, however Microsoft has a chequered history of business acquisitions and has paid a very high premium to gain exposure to a social networking channel, albeit one that is more relevant to Microsoft’s main product lineup.
This week our Global Equity Growth Portfolio investment manager Calamos Investments, reviews the equity market and the sectors that are believed to be safe havens. Are we placing false hope in our belief that we are being conservative in our investment strategies?
This weeks stock pick is from the manager of the TAMIM Global Equity High Conviction portfolio. Bank of Montreal shows significant value for shareholders from its low volatility, growing earnings stream. Dividends have increased in line with earnings and are kept at a sensible level of around 40-50%. This is far more reasonable compared with the dividend overpaying of Australian banks where the average payout ratio is around 78%.
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.
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