The Adventurous Investor

Investment trusts, ETFs, alternatives and more.....

Author

David Stevenson

Monday Macro – Long China Banks?

Interesting paper out last from the cross assets Asia team at SocGen. It looks at the Chinese banks and argues, not unpersuasively, that all the concerns are overdone. And what might those concerns be? The first chart below I think… Continue reading →

More fund thoughts: on plane leasing and biomedical VC

Two interesting but very different stories from the closed-end fund universe here in London this week. The first concerns aircraft leasing. There’s currently a bevy of specialist funds on the London market involved with leasing out mostly large (A380s) planes… Continue reading →

Fund Musings: Buying into Draper and Whiskey

I’ve recently started adding a venture capital investor to my portfolio – Draper Esprit. I completely understand why many investors would think I’m crazy. We are late in the cycle and many tech businesses are insanely valued. But I’m moving… Continue reading →

Monday Macro – The coming Decarbonisation Battle plus some practical Investment Ideas

You may have noticed that outside the Brexit bubble things are moving on the whole Climate Change/Green New Deal agenda. Lizzie Warren looks likely to face off with old Donald and I have no doubt that green politics will be… Continue reading →

Watch out for the Biochemicals revolution

One of my big long term obsessions is the profound changes needed in a global economy which is swiftly decarbonizing. We rightly obsess about the obvious areas of contention such as transport and power generation but the cascading impacts across… Continue reading →

Blessed Brexit Relief

We do, finally, seem to be edging towards some kind of initial resolution as regards Brexit. As I’ve long maintained, the answer always was some kind of negotiated settlement that would look, smell and feel a great deal like the… Continue reading →

Monday Macro – what ails Europe

The most striking structural issue facing investors at the moment is the low growth rate of the Eurozone. Both China and the US seem fairly resilient in their own very distinct ways, but Europe seems mired in deflation and really… Continue reading →

What happened to passive investing ? ETFs and the return of active investing

Many years ago, I had the enormous pleasure to spend an afternoon with Jack Bogle founder of Vanguard, at their Malvern office campus on the East coast in Pennsylvania. Bogle was one of a  dying breed even a few years… Continue reading →

Equities look to be in decent shape but beware the tail risk

Equity markets have had a decent start to the autumn. In September overall markets finished up for the month, with MSCI World up 1.9% (in US$) and just about in the black for Q3, with a 0.1% gain. The year-to-date… Continue reading →

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