Gavekal Capital: Meanwhile, Across the Channel...

Wednesday, February 26, 2014

Meanwhile, Across the Channel...

As we saw yesterday, Germany's Q4 GDP release was neither surprising nor very exciting. A similar look at today's release of output in the U.K. reveals a more constructive picture:

With positive contributions from all sectors-- and a sizeable rise in business investment-- the trend on this country's heat map is skewed decisively green.
U.K. equities, by contrast, are the worst performing among all of Europe's major indices so far this year, having gained just over 1%:

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
Blogs are posted by our investment team. Find out more about us at here. Read more about our strategy at www.gavekalcapital.com.

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