-- One of Europe’s best-performing equity funds has matched the steep gains of US tech without betting on the likes of Nvidia Corp. or Apple Inc. — instead by buying some of the region’s most undervalued stocks.Chicago Marathon to Honor Kenyan Who Died After His World Record
“We’re looking for businesses that are out of favor, where we think the long-term value is above where they’re trading,” Germain said in an interview. “We’re not trying to play the momentum aspects of the market or guess where earnings are going to be next quarter.” Information technology accounted for about 3.7% of the Brandes fund’s total holdings as of end-August, considerably lower than the benchmark MSCI Europe Index, according to its fact-sheet. Consumer staples and financials had the highest exposure — both sectors with below-average price-to-earnings valuations.
“You’re in a cycle that is negative, which creates fertile ground for us, but it’s not clear who the winners of EV transitions are going to be,” Germain said.The Robotaxi Verdict Is In—And Wall Street Is Taking the TrainChinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the housing ladder but wants to hear more from the government before making a purchase.
XDLINX Space Labs, a prominent Indian space-tech player, is transforming the global space industry through its ready to launch satellite platforms. The company offers spacecraft Platforms and Payload technology for Commercial and Defence ISR Space Missions. They offer full-stack ISR capabilities, with both optical and signal intelligence.
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