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Selection of Value Stocks January 2021

Selection of Value Stocks January 2021
In value investing our focus is on undervalued companies with strong balance sheets, trading lower than their actual fundamentals or relative to the market. One of the most effective ways to identify such stocks is the Piotroski f-score. This metric along with some additional ones shown below allow us to limit the universe of around 80K companies to just ~60. Equities presented in this list are potential candidates for newly created equity portfolios or rebalancing existing ones. Such a portfolio has the potential to withstand pressures of the current economic environment.

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Investment Committee January 2021

Investment Committee January 2021. The market started the year on a strong note with positive momentum rolling into 2021. Rising Covid-19 cases worldwide and social-political turbulence in the US due to the recent events in the Capitol after the Democrats senate win did not prove to be an obstacle.

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Outlook: December 2020 and Year Ahead

Outlook: December 2020 and Year Ahead
Our consensus view for the year ahead is for a less volatile 2021 in comparison with the extremely volatile 2020, spiked from the pandemic.
Our view is that we are in a Post Recession Point at the moment, with unemployment at high rates but falling.

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Investment Committee December 2020 and Year ahead

These are the key points and trade ideas discussed in our monthly investment committee: Our consensus view for the year ahead is for a less volatile 2021 in comparison with the extremely volatile 2020, spiked from the pandemic.
Our view is that we are in a Post Recession Point at the moment, with unemployment at high rates but falling.

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Investment Committee November 2020: Rotation to value?

Investment Committee November 2020. These are the key points and trade ideas discussed in our monthly investment committee: The week started with two major topics. First, Biden won the US elections and he will become the 46th president of the United States and on Monday it was announced that trials of the Pfizer-BioNtech Covid19 vaccine showed surprisingly impressive results.

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Investment Committee October 2020

Investment Committee October 2020
The main topic in the investment world for this month is undoubtedly the upcoming US presidential elections. The markets now seem to point to a Biden victory, as various polls suggest. A Biden win, may imply a strong transition from Monetary policy to intense Fiscal policy and aggressive government spending.

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The end of the liquidity driven rally. What lies ahead?

The end of the liquidity driven rally, what lies ahead? The economic crisis which sparked from the global pandemic created the perfect storm for ‘money printing’ by the Fed. The liquidity response to the crisis was very strong, highlighted by the direct purchases of corporate bonds and stock market ETFs for the first time in Fed’s history. However, the vast majority of the liquidity came through monetization of debt

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Investment Committee September 2020

Investment Committee September 2020.
Within the classic 60-40 model portfolio, bonds are widely substituted with gold as it becomes more and more attractive for investors in a negative yield environment.
We consider equities and bonds on the expensive side at the moment despite FEDs unlimited liquidity. This will have severe consequences going forward, but we definitely cannot tell this happens in the month ahead.

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