Semis and the stockbuilding cycle
April 23, 2026
A surge in prices of electronic components is another indication of a cycle peak.
Our
Experience & equity ownership
Privately owned firm designed to attract, retain, motivate, and
foster talented people.
Unique investment philosophy and process
Team approach with individual responsibility
Identify inflection points in liquidity conditions and steer fundamental stock selection to countries with a favorable market environment.
Fund managers have regional responsibility and accountability through systematic peer review of new and existing ideas. This behavioural finance rooted approach and capital discipline seeks out incremental, repeatable gains.
Proven track record
Strong consistent track record of outperformance
relative to peers and benchmark.
Insights
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One interesting signal amid the noise – the USD has not behaved like a safe haven
April 20, 2026
Navigating market shocks successfully requires a nimble and repeatable process that helps you learn fast, stay disciplined and keep portfolio risk aligned with conviction.
A “monetarist” perspective on current equity markets
April 8, 2026
Global monetary trends were supportive pre-shock but an inflation squeeze on real growth is now likely, reinforcing a cautionary message from cycle analysis.
International Equity Strategy Commentary
March 31, 2026
Strategy Commentary for Q1 2024 on the International Equity Strategy
Global Emerging Markets Equity Strategy Commentary
March 31, 2026
Strategy Commentary for Q1 2024 on the Global Emerging Markets Equity Strategy
Quarterly Liquidity Insight
March 31, 2026
Q1 2024 Quarterly Market Liquidity for Emerging Markets
Global money update: US rebound
March 26, 2026
Monetary trends suggest that US economic prospects were improving relative to the Eurozone before the Gulf War III energy shock.
UK housing crash?
March 25, 2026
The Gulf War III mortgage rate shock may be the trigger for the long-term housing cycle to enter its “bust” phase.
Another central bank policy mistake?
March 24, 2026
Hawkish officials are fighting the last war, fearing a repeat of the 2022 inflation upsurge despite much weaker money growth.
Responding to conflict in the Middle East
March 16, 2026
The Iran conflict highlights how navigating macro shocks is the key to investment success in emerging markets investing. In times of high uncertainty and volatility, it pays to be both disciplined and nimble, recalibrating beliefs and tweaking exposure as the data changes.
Cyclical vulnerability
March 13, 2026
Energy supply disruption is occurring with key economic cycles in time windows for weakness.
Misplaced ISM optimism
March 11, 2026
A rise in the US ISM manufacturing new orders index was expected to be short-lived even before the outbreak of Gulf War III.
Why has US bank loan growth surged?
March 4, 2026
A recent pick-up in commercial bank loan growth is unlikely to be a positive signal for economic prospects.
Surprising January monetary news
February 25, 2026
Global six-month real narrow money momentum is estimated to have rebounded from a sharp December fall to reach a new high in January.
Has the Fed’s easing window closed?
February 20, 2026
The historical Fed would be shifting to a tightening bias in response to recent economic news.
For additional information on NS Partners Ltd, please contact:
![Jean-Philippe-Lemay, CC&L FG [504x504_03]](https://ns-partners.cclgroup.com/wp-content/uploads/sites/3/2025/06/FG_-Jean-Philippe-Lemay_504x504_03.jpg)
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales, Global
Eric Hasenauer
Senior Vice President,
Co-Head of Institutional Sales, USA
John Ricketts
Senior Vice President,
Co-Head of Institutional Sales, USA
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NS Partners Ltd.
December 6, 2021