Semiconductor lollapalooza stumbles
June 17, 2026
Semiconductors wobble as macro risk, momentum, leverage and crowding collide.
NS Partners is part of the Connor, Clark & Lunn Financial Group, a multi-boutique investment management company whose affiliates collectively manage over $188 billion in financial assets.
NS Partners is a manager-owned investment management boutique.
We have an experienced and cohesive investment team that owns the business.
Philosophical commitment to conviction-based macroeconomic analysis.
EVA analysis provides a disciplined approach to uncovering improving
profitability and helps us avoid value-destroying companies.
Insights
Read More
More slowdown signals
June 9, 2026
OECD leading indicator data and survey evidence on stocks support the forecast of a H2 loss of industrial momentum.
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.
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.
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
Please take the time to carefully read the following as it contains important information regarding certain restrictions imposed by statute and the applicable securities regulatory authorities on the distribution of information through this website.
Material presented on this website should be considered for background information only and should not be construed as investment or financial advice. Further, information on this website should not be construed as an offer or solicitation by the Connor, Clark & Lunn group of companies to provide investment management services or to buy or sell any products.
The NS Parters Ltd. (NS Partners) website may contain hyperlinks to websites operated by parties other than NS Partners. Such hyperlinks are provided for your reference only. NS Partners does not control such websites and is not responsible for their contents. The inclusion by NS Partners of hyperlinks to other websites does not imply any approval or endorsement of the material on such websites or any association with their operators.
The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada. A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.
Certain securities regulations prohibit the publication of specific registration information about the registered entities in the Connor, Clark & Lunn group of companies. For more information, please contact the Connor, Clark & Lunn Compliance Department at [email protected] or 604-685-2020.
NS Partners Ltd.
December 6, 2021