Gavekal Capital: Some Ugly Declines in Europe Today

Thursday, February 13, 2014

Some Ugly Declines in Europe Today

The big news seems to be that BNP Paribas set aside over $1B to pay for possible penalties related to transactions that violated U.S. laws. As a result, the stock fell nearly 4% today.

However, while today's decline will not affect the long-term chart for BNP Paribas too negatively, the double-digit declines in Rolls Royce and Tate & Lyle likely will have significant effects on each stock's performance relative to the MSCI World:

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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