A message from Mike: Global research in motion

Monday 9 October, 2017

A message from Mike: Global research in motion

I’ve just returned from another round the globe trip. I must say that I love reading the Financial Times; I think it’s the best newspapers to read if you are interested in finance, economics and politics – which probably rules out most of the population! Of course, you can read it online for convenience, but there is nothing quite as good as flicking through a real paper over breakfast on the train in London. Whilst over in the UK, I found great reads on Merkel and German politics, US Auto Sub-prime, and clean-energy in Emerging Markets to name but a few, which just aren’t covered in local media or even the Australian Financial Review. 

We met with a number of businesses as well, a couple of which will be finding their way into the Growth UK & Europe Fund over the next few months. A highlight for me was the trip to Glasgow which I had been dreading. However, the meetings were actually quite good and we learnt something; that in the 18th and 19th century Glasgow’s population grew 10-fold as it became the “second city of the British Empire” being one of Britain’s great industrial cities. Sadly, the glory days are over and it’s not a place for the bucket list. 

In summary, as always, the trip was great exposure. I find I learn more about markets in an intense two weeks away than six months at home. It was good final preparation for the launch of our new Multi-Strategy Fund – an alternative asset product designed to take advantage of investment opportunities in different asset classes (long or short) from around the globe. Be sure to check this product out as it is quite different to our other funds. More details enclosed.

As always, thank you for your support. If you have any questions please don’t hesitate to call me on (09) 486 1701, or email me, mike@piefunds.co.nz.