Yield Chasing Everywhere

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Rupert Hargreaves
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Yield Chasing Guest post by Jonathan Rochford, CFA Portfolio Manager of Narrow Road Capital Pty Ltd August was a mixed month for risk assets with the credit the best of the major asset classes. China (3.9%), Japan (1.9%) and Europe (1.1%) saw gains on stocks, but the US (-0.1%) and Australia (-2.2%) went backwards. Commodities mostly fell with the Bloomberg commodities index down 1.8% driven by falls in copper (-6.5%) and gold (-3.2%). US oil bucked the trend surging 7.8%. Emerging markets mostly rallied with strong flows boosting equities and debt. The key theme for August was yield chasing, with…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk