News and Research
In this paper, we review how our January 2022 view has played out – where we were on target, where we fell short, where the verdict is still out, and why we believe there’s never been a better time for an international core equities manager, such as ourselves.
In this paper, we share thoughts on SGA’s strategies and approach, and why we are more excited today than at any time in recent memory. Our conclusion is that if one believes the type of companies our process identifies makes sense – higher quality, consistent growers trading at relatively attractive valuations – we believe there has rarely been a time where the cost of owning such characteristics is more attractive than today.
The New Year is a time to reset, examine the past and, more importantly, to assess the future with a clear mind and a blank sheet of paper. In this paper we look beyond SGA’s own investment strategies to set a broader stage for thinking about the best way forward in 2022 and beyond.
“May you live in interesting times” is an English expression often attributed to be an old Chinese curse. Though no Chinese saying to this effect has ever been traced, whatever its origin, the words are certainly apropos today.
Understanding the Difference in U.S. and non-U.S. Equity Performance Since the 2008 Financial Crisis
When using the same monthly return series, the choice of ending month for presenting 12-month return data can make a big difference in the impression that the data makes.
Read our global equity research report on decomposing volatility and the relationship between cross-sectional volatiltiy and active managment