With each month that passes, the impact of accommodation sharing platforms such as Airbnb becomes more pervasive, and its effects on lodging occupancy and pricing power will become more visible. In the listed real estate space, this will manifest in slower revenue growth, and weaker profitability. Fortunately, the competition from providers such as Airbnb will not be felt equally across the industry. This piece seeks to highlight the opportunities and challenges posed by the sharing economy for...Read More
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In the fortnight since Donald Trump’s election as the next US President (note the “next” – despite the tone in the media, his inauguration is still two months away) there has been a significant surge in both US bond yields and the value of the US dollar. At the same time, developed market equities have generally rallied, which is unusual when bond yields are also sharply on the rise.Read More
Energy is in a slump - But can it recover? - 22 November 2016
The energy sector, with its history of ups and downs, is now in its deepest slump since the 1990s. Earnings are down for energy companies that were making record profits in recent years, leading them to decommission rigs and make sharp cuts to exploration and production investment. This has been driven by a marked decline in the price of oil. In this paper, we assess the market implications of falling energy prices from multiple perspectives. For more insights from AMP Capital, visit www.ampca...Read More