When a narrative becomes powerful enough, it can start to replace analysis altogether.
The AI story may prove broadly correct. But markets that treat possible outcomes as certainties risk losing sight of valuation, durability and fundamentals.
In this article for Portfolio Adviser, our chief investment officer Alexander Philipps explores what happens when “the story becomes the strategy”.
Welcome to the Longview Partners Website. Please read the following disclaimer before proceeding.
This material is intended for informational purposes only, does not constitute investment advice, or a recommendation, or an offer or solicitation, and is not the basis for any contract to purchase or sell any security, or other instrument, or to enter into or arrange any type of transaction as a consequence of any information contained herein.
Although the information herein has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Opinions and estimates involve a number of assumptions which may not prove valid and may be changed without notice. Performance comparisons may not take into account any transaction costs, commissions or personal taxes. Past performance is not a reliable indicator of future results and no assurance can be given that any structure described herein would yield favourable investment results, or that the investment objectives of the Funds or separately managed accounts (“SMAs”) will be achieved, or that the investor will receive a return of all or part of their investment. Longview Partners will not be responsible for any liability or loss of any kind which either directly or indirectly arises from the use of the enclosed information.
The Funds or SMAs may not be a suitable investment for you and could involve important legal, financial, fiscal and tax consequences and investment risks, which should be discussed with your professional adviser. More details of the risks relating to a Global Equity investment strategy can be found on our “Policies” page under “Risk Disclosures”. For more information, including a discussion of investment risks, please request from us a copy of any of the Funds’ Offering Memoranda or further details in respect of the SMAs. An investment should only be made after review of the relevant Fund’s Offering Memorandum and any further information supplied by ourselves, and following consultation with your professional advisers.
The distribution of the information contained herein may in certain countries be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. The information is not intended to be published or made available to any person in any jurisdiction where doing so would contravene any applicable laws or regulations.
By accessing this information you confirm that you are aware of the laws in your own jurisdiction relating to the provision and sale of funds and related financial services and you represent that you will not pass on or use the enclosed information in a manner that could constitute a breach of such laws by Longview Partners or any other person.
The contents of this website have been approved for communication outside the UK by Longview Partners (Guernsey) Limited (which is licensed and regulated by the Guernsey Financial Services Commission (“GFSC”); reference number: 135197) to Professional Clients and Eligible Counterparties only. Longview Partners (Guernsey) Limited will not transact with or provide services to Retail Clients. This website is therefore unlikely to be suitable for individuals located outside the UK. For the purposes of this paragraph, the terms “Professional Clients”, “Eligible Counterparties” and “Retail Clients” are defined in accordance with the GFSC Rules.
The contents of this website have been approved for communication in the UK by Longview Partners LLP (which is authorised and regulated by the Financial Conduct Authority (“FCA”); firm reference number: 570944) to Professional Clients and Eligible Counterparties only. Longview Partners LLP is not authorised to provide investment services to Retail Clients nor will it transact with or provide services to Retail Clients. This website is therefore unlikely to be suitable for individuals located within the UK. For the purposes of this paragraph, the terms “Professional Clients”, “Eligible Counterparties” and “Retail Clients” are defined within the FCA Rules.
All information on this website is copyrighted to Longview Partners and cannot be published or redistributed without Longview Partners’ prior written consent.
Please select the type of investor you are by clicking on an option:
Please contact your financial intermediary for further information.
