Gavekal Capital: Expectations Component Continues to Disappoint

Monday, May 5, 2014

Expectations Component Continues to Disappoint

As we have noted on a number of occasions in the last few months (here, here, and here), a number of often cited surveys pertaining to the Eurozone are exhibiting weak expectations--and today's release of the Sentix survey is no different. Current situation figures show few signs of slowing:

Forward-looking components, however, have declined since reaching highs in February:

As a result, the overall survey missed expectations and fell slightly:

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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