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C WorldWide Investment Report – Q3 2020

Global Equities

BNP Paribas Asset Management

C WorldWide’s overview on Global Equities, insights on Moore’s law and the butterfly effect, and how the subscription model has attracted attention over the past few years, from both consumers as well as businesses.

Significant monetary easing continued to support the recovery in global equity markets following the steep drop in February and March. However, with rising Covid-19 infections in many parts of the world, new lockdowns and restrictions are being implemented with ongoing economic consequences, particularly on sectors such as banks, retail, travel and hospitality. On the positive side, fiscal support from most governments are still being deployed and supporting the global economy. The EU has also proposed significant green investments to kick-start their economies and to address global warming.

The strategy posted a return of 5.1% in the quarter, outperforming the MSCI AC World Index, which returned 3.9%. The positive outperformance was primarily attributed to TSMC and Thermo Fisher, while American Tower and Bank Central Asia were the most negative contributors. During the quarter, we also saw a positive development in Siemens with the spin-out of Siemens Energy which highlights the positive transformation of the company.

Report Highlights

  • Global Equities: Expectations – Bo Knudsen, Managing Director and Portfolio Manager
  • The Butterfly Effect and Taiwan as the Future IT Hotspot – Morten Springborg, Global Thematic Specialist
  • Renaissance of the Subscription Model in a Digital Era – C WorldWide Asset Management Investment Team
  • C WorldWide Global Equities ex. Tobacco – Third Quarter Commentary

Read more Download the Q3 Investment Report

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