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Mark Williams: Talk of Chinese hard landing is a red herring

With no firm definition as to what constitutes a hard landing, discussions about their existence are always difficult. Recessions are clear – two consecutive quarters of negative growth – but this is not likely to happen in China. Likewise, bubbles are strikingly visible in retrospect, as shown by the recent 40% fall in Shanghai’s A-shares from their peak. But for China’s slowing economy, declining from double to mid-single digit growth, evidenced only by questionable data, whether or not this constitutes a ‘hard-landing’ is less important than the underlying events.

John Husselbee: Lessons from 30 years of investing

When markets are falling and investor sentiment wobbles, one often has to make a decision as to whether this represents an opportunity to buy in cheaply or time to take bets off the table and concentrate on capital preservation. Fluctuations and corrections are to be expected, even in bull markets, and one of the biggest lessons I have learnt over the last 30 years is that – more often than not – such bouts of market weakness are chances to seek out mispriced assets.

Jamie Clark: Why UK life insurers look oversold

We are overweight select UK life insurers in our income fund (with almost twice the FTSE All-Share weighting) and view the sector as a beneficiary of powerful macro trends that will augment free cashflow and lift dividends. Accordingly, we read recent share price weakness as an attractive opportunity to buy key income names.

Hugo Rogers: Will water and agriculture provide fertile ground for investors?

Structural change is a major driver of investment returns, creating durable excess profits and long-term winners and losers. Changes in the water and agriculture sectors - to supply and demand, global trade, prices and technology - suggest they could be fertile ground for active investment for years to come.

Disclaimer

Any opinions expressed should not be construed as advice for investment in any [product or] security mentioned or which may form the underlying content of any topics discussed in this blog.  The information and opinions provided in this blog take no account of the investors’ individual circumstances and should not be taken as specific advice on the merits of any investment decision.   Any opinions or information provided has been based on sources we believe to be reliable at the time of this blog’s preparation: no representation or warranty, express or implied, is made as to the accuracy, reliability or completeness of such information.  Neither Liontrust, nor any of its partners, employees, representatives or agents accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of our research or its contents.

Liontrust, its partners and/or employees may have had, have or will have positions in the securities (or related financial instruments) which are those referred to, or those underlying the content discussed in this blog.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a regulated investment advisor or licensed stock broker before investing.

Shares in companies referred to may be relatively illiquid and hard to trade, therefore riskier than other investments and there could be a large bid/offer spread, so if you need to sell soon after you’ve bought, you might get less back than you paid. This can make them riskier than other investments.