Alarming Eurozone / UK money data
June 2, 2026
April money numbers signal rising recession risk and suggest that policy-makers should be considering easing not tightening.
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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Is earnings momentum peaking?
May 27, 2026
An expected fall in global manufacturing PMI new orders suggests a moderation, at least, in current earnings strength.
Rallying EM equities reflect an AI-powered earnings surge
May 20, 2026
The AI boom is powering emerging market equities, led by South Korean DRAM giants which are now among the most profitable companies in the world.
Policy perversity
May 7, 2026
The policy biases of the Fed, ECB and Bank of England are opposite to those warranted by economic / monetary conditions.
Global money update: inflation squeeze
May 6, 2026
Global six-month real narrow money growth is slowing from a January-February peak, suggesting a loss of economic momentum during H2.
Rising Eurozone recession risk
April 29, 2026
The April ECB bank lending survey signals an “endogenous” tightening of monetary conditions.
Semis and the stockbuilding cycle
April 23, 2026
A surge in prices of electronic components is another indication of a cycle peak.
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.
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