Digitalisation in India, consumer spending, and trade truce at G20

Genuine Impact
Jul 3 · 3 min read
Alister Sneddon, CTO

Here are the top 3 insights for July 3rd, prepared by Alister, our CTO.

Today’s Brief

  • Lombard Odier: Digitalisation, equality, India
  • EY: Special Report on Consumer Spending
  • MFS: Trade Truce Expected at G20
  • The relationship between technology and equality is complex and multi-faceted.
  • On one hand, the growing global economy, driven by developments in technology, has benefited the world’s wealthiest, making the few richer.
  • On the other, technology has improved areas such as access to healthcare, financial services and education, which has benefited the many.
  • The biggest technological impact can be felt in emerging market countries.
  • For example, developments in online education and medical material can instantly provide less developed societies with a wealth of information, improving the overall quality of life.
  • Although many advances have arisen from the tech-boom, a significant proportion of the global population is still excluded from basic goods and services.

Genuine Scores for the top 3 Indian focused funds

  • iShares India 50 ETF, 52
  • HSBC GIF India Fixed Income, 48
  • Fidelity Funds — India Focus, 46
  • Consumer spending relatively unaffected by Brexit uncertainty, but slowing labour market and earnings growth could bite
  • Growth in households’ real disposable income is expected to be slower in the next two years after 2018 spike and is likely to be significantly below the post-war average
  • Workers at either end of the income distribution should fare best, with the squeezed middle continuing to feel the pinch

Genuine Scores for top 3 stocks

  • Peugeot, 79
  • SSAB, 78
  • AXA, 76
  • As of noon on Friday, global equities were slightly lower on the week, with markets awaiting news from the ongoing G20 summit in Japan.
  • Yields on the US 10-year Treasury note dipped 6 basis points to 2.00%, compared with last Friday, while the price of a barrel of West Texas Intermediate crude oil added $2 to $59.40 amid tensions in the Persian Gulf.
  • Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 16 from 14.7.

Genuine Scores for the top 3 Equity funds

  • Versus Capital Multi-Manager Real Estate, 99
  • Fidelity Series Real Estate Income Fund, 94
  • Calvert Equity Fund, 93

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All the best,
Alister and the Genuine Impact Team

p.s. all Genuine Scores are accurate as of the 1st of July

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