J O Hambro Capital Management Podcast

Thankfully, there have not been many years like 2022. China is still writhing under Covid lockdowns, while geopolitical tensions, including war in Europe, have driven up energy prices and spread double-digit inflation across much of the world. Looking into 2023, what do investors need to know? Where are the risks and where are the rewards in a new and very different world? Our guests: Ben Leyland, senior fund manager on the JOHCM Global Opportunities Fund, and James Syme, senior fund manager on the JOHCM Global Emerging Markets Opportunities Fund. 

Inflation changes everything. After years of zero interest rate policy, there is suddenly a cost to capital. Long duration growth has lost ground and shorter duration value is back investors’ sights. Does this herald a change of attitude toward the UK equity market? Rather than following monetary policy, do investors need to come back to company fundamentals? Given the UK’s significant global earnings, should investors be rethinking the ‘UK discount’? Our guests: Clive Beagles, senior fund manager on the JOHCM UK Equity Income Fund, and Alex Savvides, senior fund manager on the JOHCM UK Dynamic Fund.