With around 1000 companies in the MSCI World Mid Cap Index, and almost 4000 companies in the investible universe the opportunities are vast. This can be daunting for investors however it’s the size and diversity that makes mid to small-cap equity investing at the global level so attractive.
As COVID-19 battered the world’s economies last year, emerging markets were among some of the hardest hit; they also saw one of the better recoveries when equity markets rebounded towards the close of 2020.
Policymakers face a trade-off between the high upfront cost of moving quickly towards net-zero carbon targets, and the long-term physical damage to economies and societal cohesion caused by rising temperatures and extreme weather events if they delay action.
Post Global Financial Crisis and again in the post-pandemic selloff period, the earnings and market valuations of the largest US tech stocks (Facebook Alphabet, Apple, Amazon, Microsoft and Netflix) raced ahead of most other businesses. So why have these software companies dominated?