Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. View from the very top: Risk-on seems to be the order of the day. Some mean reversion was always going to be inevitable after […]

Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. View from the very top: The path forward will be extremely fraught and volatile but even against this backdrop, we believe it is possible […]

Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. View from the very top: 2023 won’t be a smooth ride for investors, but after the extent of the sell-offs witnessed across all major […]

We’re all thinking about the future differently given the current environment. However, our contention has always been that the trends on which we focus will play out over a multi-year if not multi-decade horizon. Of course, some will assume greater priority in the near-term than others. Where we have focused and what we have written […]

Executive summary: We may be on the cusp of a transformation in how people and goods are transported. If the full potential of drones is realised, then how we shop, travel and do almost anything else may be revolutionised. The number of possible drone use cases is almost limitless. The industry has evolved from a conceptual or hype-based phase to practical trials and real-world deployments, accelerated by falling costs and improving technology. Regulators are getting on board. Over $5bn has been committed to funding 130 different start-ups in the last two years. By 2030, the (non-miliary) drone opportunity could be as large as $100bn. Although there are few listed pure-play drone businesses today, watch this space. If you think of drones as being self-flying computers that can transmit data directly into the cloud, then the whole digital ecosystem should benefit from the industry’s growth.

Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation.  Executive summary: Electricity grids need an overhaul. Not only are global energy needs constantly expanding, but current grids were built for a different era. […]