SCHC News and Press, Schwab International Small-Cap Equity From 10/18/22

Summary Global GDP growth is still expected to be positive in 2022 (excluding Russia) but is expected to fall fairly dramatically in 2023. The U.S. Q3 2022 earnings season has just begun, and the outlook is for lower but still positive revenue and earnings growth. Inflation wi...

Summary In a time of uncertainty, we believe that quality is the key to investing in equities. But to consistently find companies that meet high-quality standards requires research, judgment and investing skill. In this paper, we identify the characteristics that can help guid...

Summary ESG ratings are lacking for small-cap stocks globally. Complying with relevant ESG regulation is nearly impossible for small-cap managers to do using third-party ESG ratings alone. Sustainable global small-cap strategies are very rare, in sharp contrast to the populari...

The global economy and financial markets have suffered a dreadful H1 2022, ravaged by a severe commodity shock, strict COVID-19 lockdowns in the world’s second-largest economy, and one of the most aggressive Fed tightening cycles in recent history. H2 looks equally tough. In it...

This might be a little rash, but my suggestion is to buy Ferrexpo as it's going to survive all of this. "This" being the events in Ukraine. My worry was regime change, something I don't think will happen. Therefore, property rights will be maintained, Ferrexpo is a buy. For ...

Nuvei continues to deliver best-in-class growth without sacrificing its margins. The updated guidance numbers signal more of the same in the coming years as Nuvei extends its "land and expand" playbook across new growth areas. The stock trades below its peers following the YTD sel...

As uranium prices have increased of late, this has allowed Cameco to raise its 2022 guidance by 14% to $1.9 billion at the high end. Cameco's cash flows this quarter were very strong. Cameco is priced at approximately 5x this year's sales. Clearly interesting, if one embraces the ...

According to a recent report released by the OECD, the Russian invasion of Ukraine, if prolonged, could knock 1.1 percentage points off the global GDP for 2021, while increasing global inflation by 2.5 percentage points over an already lofty inflation level. The damage won’t be...

US valuations remain very high despite a recent selloff across the market cap spectrum. Developed foreign markets retreated to reasonable PE10 levels. Emerging market valuations have not budged much even with a more than 20% drop since February 2021. For further details see:...

We see the Ukraine war reducing global growth, increasing inflation and putting central banks in a bind. We prefer developed stocks in the inflationary backdrop. Stocks led by European equities bounced from 2022 lows last week, as oil prices came off highs. The European Central Bank a...