Rise & Shine

Rise & Shine

4.3%

The past decade has been a good one for the dollar and US assets generally. But outperformance is always followed at some point by underperformance, and US markets are relatively overvalued. In particular, the dollar looks vulnerable for a variety of reasons, including the massive money printing in the US and its stretched fiscal and trade situation.

Just as emerging markets have struggled in the past with a strong dollar, they benefit from a weaker one. They must use dollars for international trade and so they have dollar debts, which are lessened by a weaker dollar. They are also often commodity exporters, and such prices benefit from a weaker dollar (since virtually all international commodities are currently priced and traded in U.S. dollars).

Many of the smaller Asian and Latin American countries will foreseeably benefit, as will some of the larger ones, like India. On top of that, they have generally faster economic growth than their developed rivals and are currently cheaper than usual.

We will acquire a portfolio of the most promising and well placed among them, in our opinion, where we believe there is good investment value.

When Investing, your capital is at risk.

Returns may increase or decrease as a result of currency fluctuations.

Rise & Shine

The past decade has been a good one for the dollar and US assets generally. But outperformance is always followed at some point by underperformance, and US markets are relatively overvalued. In particular, the dollar looks vulnerable for a variety of reasons, including the massive money printing in the US and its stretched fiscal and trade situation.

Just as emerging markets have struggled in the past with a strong dollar, they benefit from a weaker one. They must use dollars for international trade and so they have dollar debts, which are lessened by a weaker dollar. They are also often commodity exporters, and such prices benefit from a weaker dollar (since virtually all international commodities are currently priced and traded in U.S. dollars).

Many of the smaller Asian and Latin American countries will foreseeably benefit, as will some of the larger ones, like India. On top of that, they have generally faster economic growth than their developed rivals and are currently cheaper than usual.

We will acquire a portfolio of the most promising and well placed among them, in our opinion, where we believe there is good investment value.

When Investing, your capital is at risk.

Returns may increase or decrease as a result of currency fluctuations.

Pynk One Ltd is a company registered in England and Wales (No. 12940786) with the registered office at 20-22 Wenlock Road, London, England, N1 7GU.

Thesis Portfolio is the trading of Pynk One Ltd. Pynk One Ltd (FCA reference no. 942958) is an appointed representative of WealthKernel Limited (FCA reg no. 723719), which is authorised and regulated by the Financial Conduct Authority.

Investing involves risk to your capital. Past performance is not an indication of future results; the value of your investments can go down as well as up, and you may get back less than you originally invested. The information contained herein does not constitute investment advice or investment research and should not be relied upon to make any investment decisions. References to specific assets or securities are included for illustrative purposes and should not be understood as an endorsement or a recommendation to engage in investment activities.

Please invest aware.