Israel: Bank of Israel

In recent years, Lunt Capital has emphasized a theme that “central banks rule financial markets.”  Our Investment Trek has validated this idea.  I had the opportunity to visit the Bank of Israel at their headquarters in Jerusalem.  There were two clear themes emphasized: the Bank’s mandate for price stability and the independence of the central bank.  This has not always been the case...

Israel: Tel Aviv Stock Exchange

Israel may be small in geography and population, but its entrepreneurial culture creates opportunities for growth that are the envy of many larger countries.  My dad, Larry Lunt, and I had the opportunity to meet with Yossi Beinart, the CEO of the Tel Aviv Stock Exchange (TASE).  Mr. Beinart is a dynamic individual, with great vision for the future of Israeli financial markets...

UK: Farewell

I confess that I love London—it is a remarkable city.  London is full of great history, but it also feels like a city with a great future.  How could I not love one of the key global financial centers?  The food does not rival Paris, and London is far too expensive, but a great city nonetheless!  Over the past few days, I rode the Tube to meetings all over the city.  As the train...

UK: Bank of England

It is a fascinating thing to visit the Bank of England.  Walking up to the building in the City of London evokes a sense of history and substance.  The institution was founded in 1694, and it has been a critical part of the global financial system for centuries.  While it is not on par with the Federal Reserve or the European Central Bank, it remains one of the most important and...

UK: London Stock Exchange and Euronext

London is truly a global financial center.  Discussions with industry professionals and with those associated with key London exchanges simply emphasized a key point—financial services play an outsized role in London and in the U.K. economy.  Financial services are the largest sector component within the large cap, U.K. equity indices.  The essential need for the U.K. to stay...

UK: S&P Dow Jones Indices

Canary Wharf is an impressive part of London—the towering skyscrapers carry the global brand names of finance.  It was not a surprise that S&P Dow Jones would have its offices in Canary Wharf among these global financial titans.  I met with Marius Baumann, Vice President of Global Custom Indices.  Marius was incredibly generous with his time, and our discussion highlighted...

UK: Invesco PowerShares

I had the opportunity to meet with Bryon Lake, Head of Invesco PowerShares ETFs EMEA  for Invesco PowerShares in London.  Our great thanks to Kevin Connolly and Ingrid Erickson for their continued, excellent support and for arranging this meeting.  Bryon was one of the early employees at PowerShares, and he worked closely with Ben Fulton, Geoff Eliason, Jonathan Wills, and...

UK: BlackRock iShares

It was wonderful to visit the London office of BlackRock iShares.  I want to express sincere appreciation to Doug Frey for facilitating the meeting with Karim Chedid in London.  BlackRock has tremendous reach, and we have worked closely with Doug on a variety of issues.  It was fascinating to spend time talking with Karim—he was very articulate and insightful...

France: Farewell

Paris is a remarkable city, full of culture and history.  It is easy to become enamored with the city when in the shadows of the Eiffel Tower, the Arc de Triomphe, and the Sacre Coeur.  Eating a croissant in Paris never gets old.  But do good pastries translate into good profits?  In my mind, I have been comparing the discussions and conditions today with my last visit to Paris...

France: Normandy

As part of our Investment Trek, we are visiting the beaches and cemeteries of Normandy.  This is the site of the greatest amphibious and airborne operation of all time, and it changed the course of history.  We are forever grateful for the ultimate sacrifice of thousands at Normandy.  The freedoms we enjoy today were protected by these brave men...

France: Euronext

On Wednesday, I had the opportunity to visit the offices of Euronext, the leading pan-European exchange with operations in Amsterdam, Brussels, London, Lisbon, and Paris.  They moved to their current location in Paris two weeks ago.  Their office is fantastic.  They were incredibly gracious with their time, and I had meetings with Nicole Agopian, Head of Technical...

France: Banque de France

On Wednesday, I had the opportunity to meet with Alain Duchateau, Deputy Director General of Economics and International Relations for the Bank of France.  Banque de France is the Central Bank of France, and was founded in 1800.  The Bank is located in the heart of Paris, about a five minute walk from the Louvre.  With the creation of the Euro, the European Central Bank...

India: Farewell

I leave India with a sense of awe.  The opportunity is immense and the challenges are daunting.  It is nearly a perfect contrast to Japan.  India’s chaos contrasts Japan’s organization.  Japan’s cleanliness and pristine infrastructure contrasts India’s urban slums.  India’s favorable demographics contrasts Japan’s aging society...

India: Indus Advisors, LLC

Lunt Capital Management, Inc. had the pleasure of hosting Ranga Nathan, Managing Director of Indus Advisors, in Salt Lake City, Utah this past May.  This introduction to Ranga was graciously facilitated by Kevin Connolly and Ingrid Erickson of Invesco PowerShares.  Ranga shared a research report titled "Case for Investing In India: 2014 and Beyond"...

India: Gateway House

Here are my meeting notes from the Gateway House meeting.   I took extensive notes.  Given the high profile nature of the participants, they ask that I not attribute their comments but instead simply share my meeting notes.  They compared Indian politics to that of the U.S. - everyone quarreling with everyone else.  However, Prime Minister Modi is in the true presidential mode...