On Wednesday, Cadbury Schweppes CSG reported first-half results, offered additional perspective on the chocolate recall in the United Kingdom, and reaffirmed a generally positive outlook for the second half of the year, despite a challenging commodity environment. Our fair value estimate remains ...
We've found some intriguing U.K. investment opportunities.
Simple formulas for foreign exposure lose luster.
A look back at the winners and losers of the final quarter of a tumultuous year.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
The ongoing rally in the equity markets continues to limit the buying and selling activity of our top managers.
After several years of mixed returns, investors are rethinking how they get exposure to emerging markets.