Winning in a niche

William Lough, manager of the R&M Global Sustainable Opportunities Fund, explains how three stocks we hold are building out niche positions, all driven in part by the requirements to cut CO2 emissions globally.

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The path to green steel

William Lough explains how the steel industry is innovating, via the use of electric arc furnaces (EAF), to lower the carbon footprint of one of our most useful commodities.

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Seeing the wood for the trees

By investing in companies undergoing positive change (in line with our sustainability and investment philosophy), we will have more real-world impact and build contrarian, valuation-disciplined portfolios, in stark contrast to the plethora of consensual, ‘ESG good’, growth funds in the market today.

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The Fog of War – Avoiding System 1 thinking

In Daniel Kahneman’s classic behavioural finance book “Thinking, Fast and Slow” (2011) he describes two modes of thought: System 1 (thinking fast) is fast, instinctive and emotional; System 2 (thinking slow) is slower, more deliberate, and more logical. Here, William Lough, portfolio manager, posits that during times of intense geopolitical upheaval, it is key to pull on System 2 thinking and maintain a keen eye on the true investment drivers of the companies we are investing in, and not be sidetracked by short -term market inefficiencies into a System 1 mindset.

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Finding patterns in the prosaic

William Lough, Portfolio Manager at River and Mercantile, considers how the team’s proven and repeatable process enables them to recognise recurring patterns to unearth opportunities that the market often overlooks.

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