innovation Tag

DM Asia Pharmaceuticals & Biotech: Worth A Second Look?

31 Mar, by Tom Nemechek in Knowledge Leaders, Markets

Pharma and biotech in developed Asia has been among the region’s worst performing industry groups in the last year, but our research suggests that their recent underperformance may be somewhat overblown. Recent performance places these companies squarely in the bottom fifth of industry groups for...

Mid-Quarter Update: The Globalization Myth

17 Feb, by Steven Vannelli, CFA in Economy, Markets

The common narrative is that we’ve (the US) been enjoying a long period of globalization and now that it is going into reverse, it will upend many of the benefits brought by globalization, to the US in particular. We think this is the wrong way...

Steve Vannelli Interview on ARK Invest’s “For Your Innovation” Podcast

17 Nov, by Knowledge Leaders Team in News

After our recent quarterly report, "Has Innovation Bottomed?" ​​​​Knowledge Leaders Capital CEO and CIO Steven Vannelli, CFA, was invited to be a guest on ARK Invest's For Your Innovation Podcast. In the episode below, Steve and ARK Invest's Renato Leggi, CFA, CAIA, discuss not only the...

Mid-Quarter Update: Spheres of Innovation

14 Nov, by Steven Vannelli, CFA in Knowledge Leaders, Portfolio Management

We believe highly innovative companies, when accounted for properly, are cheaper than their non-innovative peers in all regions of the world. Below in our Mid-Quarter Update, we map the spheres of innovation in the developed world. Prefer to download this presentation in PDF? Please click here.   1.Summary We...

International Innovation

02 Nov, by Steven Vannelli, CFA in Knowledge Leaders, Markets, Portfolio Management

Investors in innovation tend to focus on the US exclusively, and some of that is for good reason as the US spends more than any other country on research and development. But there are many innovative companies outside the US that spend substantial sums on...

Knowledge Leaders US Mid-Large Innovation Analysis

25 Oct, by Steven Vannelli, CFA in Knowledge Leaders, Markets

In recent reports, we’ve been highlighting that innovation—as a factor represented by R&D as % of sales—has stopped underperforming and it is selling for an attractive valuation. We used the S&P 500, Russell 2000 and other off-the-shelf indexes. Today we will highlight one of our...

Has Innovation Bottomed? Is It Cheap Yet?

20 Sep, by Steven Vannelli, CFA in Knowledge Leaders, Markets

Innovation was the market darling thematic for many years leading up to COVID. The pandemic turbo-charged returns for innovation as the stay-at-home beneficiaries did phenomenally well. However, since the first quarter of 2021 innovation has struggled as a thematic strategy. It appears to us that...

VIDEO 4 of 4: A New Lens for Looking at the World’s Investment Opportunities (2:17)

15 Apr, by Knowledge Leaders Team in Knowledge Leaders, Portfolio Management

By reversing an accounting error, we identify Knowledge Leaders across the world. Steve and Bryce give a brief tour of what innovation leadership looks like and where we find investment opportunities in every region and all 11 economic sectors. [video_popup url="https://www.knowledgeleaderscapital.com/Downloads/KnowledgeLeadersVideo48004.mov" img="https://www.knowledgeleaderscapital.com/wp-content/uploads/2021/02/VideoScreenShot4.png"] A New Lens for Looking...

Spotlight Pirelli: Driving the Future of Intelligent Tires

26 Feb, by Knowledge Leaders Team in Knowledge Leaders

Italy’s Pirelli is the only tire producer that sells exclusively to consumers. Today with more than 3,000 different models in stores, one area of breakthrough innovation is what Pirelli calls connected tires. The firm’s “cyber” technology strategy involves building sensors into the tire to collect...