The U.K. Income Investor

Down around 30% or so since the end of October, JPMorgan Russian Securities (JRS) has had a tough few months. Fears of a Russian invasion of Ukraine are weighing heavily on the country’s equities and the ruble, though shares of the London-listed trust have actually rallied around 10% in recent days. As it happens, the events of the past few months have put a dent…

That they flatter to deceive has long been the charge put to Latin American equities, and given returns over the last ten years, it’s really not hard to see why. I mean, the MSCI World Index has returned around 180% in that time, so nearly trebling investors’ cash. In contrast, an investment in the iShares MSCI (EM) Latin America UCITS ETF would have lost you…

I went down the registered shareholder route (‘nominatif pur‘) with LVMH Moët Hennessy Louis Vuitton (LVMH) a few years ago now, primarily because there is a deep feeling of satisfaction to be had in having a claim on the cashflows produced by such an impressive stable of prestige brands. The broad portfolio approach, which has seen the company come to own brands ranging from Ruinart…

I was fairly bullish on alcohol giant Diageo (DGE) the last time it featured on the site. That wasn’t because the shares were standout cheap, but between low interest rates, a cash cow of a business and sector-beating growth prospects I felt like there was enough on the table for them to do well. The stock has returned around 35% in that time (with dividends),…

For the most part, and on a long enough time frame, I feel that stocks deliver the outcomes that their businesses warrant. Or put another way – good companies will deliver decent long-term investment returns; poor ones will do the opposite. Yes, that may be a tad simplistic, but if we aren’t dealing with crazy valuations I think it holds true. Occasionally, though, Lady Luck…