Latest news with #Quaife
Business Times
a day ago
- Business
- Business Times
Gold, pesos and lasers: What's on Fidelity's investment radar
[HONG KONG] A weakening US dollar and volatile equity markets were among the hotly discussed themes at Fidelity International's Asia-Pacific Media Investment Conference in Hong Kong on Thursday (Jul 3). Speaking at the event, the firm's portfolio managers and analysts – who collectively manage US$900.7 billion in assets – outlined investment opportunities they are eyeing across currencies, commodities, and emerging markets. Here are some of the key picks: 1. Betting against the greenback The US dollar could continue to weaken, said Matthew Quaife, global head of multi asset, who favours the euro and yen. 'If I were to shut my eyes and say: 'Will the dollar be weaker or stronger in a year's time?' I think it would be weaker against the euro and yen,' he said. The greenback has fallen 11.65 per cent and 8 per cent year to date against the euro and yen, respectively, as at Friday's close. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up A weaker dollar means that investments in euro- or yen-denominated assets – such as equities or bonds – would deliver higher returns when converted back to US dollars. 2. Gold still glitters 'We continue to like gold; we've liked gold for a while, so obviously that's been a good trade,' said Quaife. 'It's likely going higher, even though it's gone a long way.' Spot gold prices have climbed 27.11 per cent year to date, fuelled by safe-haven demand amid US dollar weakness. While the metal has already 'run some distance', it could rise further if investors rotate out of US Treasuries, Quaife added: 'If even a small amount of US Treasury money goes chasing (after) gold, it can really run.' 3. Long on Philippine government bonds Philippine central bankers may cut rates again amid sluggish growth, said portfolio manager Terrence Pang, making local currency government bonds an attractive bet. 'We certainly see potential to cut (interest rates) twice, if the growth continues to be sluggish,' he said. The Bangko Sentral ng Pilipinas last trimmed its policy rate to 5.25 per cent in June, its lowest in two-and-a-half years. With bond prices typically rising when interest rates fall, Pang sees upside in this space. He also flagged the currency angle: while most Asian currencies have rebounded to pre-conflict levels after the Israel-Iran war, the peso has lagged by '1-and-a-bit' per cent – offering what he called a 'currency kicker'. 4. Chinese lidar on the rise Lidar sensor adoption in Chinese cars is accelerating fast, with 15 to 20 per cent of cars sold this year expected to come fitted with lidar, said portfolio manager Dale Nicholls. 'That's up from 5 to 10 per cent in 2024, and 1 to 2 per cent in 2023, so the growth is exponential,' he said. Used in autonomous vehicles and self-driving functions, lidar – or light detection and ranging – is also expanding into robotics applications, such as autonomous vacuum cleaners. Nicholls did not name specific stocks, citing company policy, though China's top players in the space include Hesai Group and RoboSense Technology.
Yahoo
08-03-2025
- Automotive
- Yahoo
Rare SePang Yellow 2009 Rossion Q1 From RK Motors
⚡️ Read the full article on Motorious A unique 2009 Rossion Q1, distinguished by its SePang Yellow finish and notable as the only one of its kind, is set to captivate automotive enthusiasts and collectors at an upcoming classic car auction. This vehicle, the 10th Rossion Q1 ever built, boasts a series of high-performance modifications and an impeccable provenance that positions it as a standout offering in the collector car market. The Rossion Q1, known for its blistering performance and sleek design, comes equipped with a twin-turbocharged 3.0L V6 engine that has been enhanced with a Stage 1 ECU flash and 750cc fuel injectors, pushing its output to approximately 500 horsepower. Coupled with a Getrag 6-speed manual transmission and a Quaife limited-slip differential, the car promises an electrifying driving experience. Its lightweight chassis, tipping the scales at just 2,495 pounds, helps the Q1 achieve a 0-60 mph sprint in a mere 3.3 seconds, with a top speed nearing 195 mph. Visually, the Rossion Q1 does not shy away from making a bold statement. It features a striking SePang Yellow exterior paired with a painted black LeMans racing stripe that enhances its aggressive stance. The vehicle rides on forged 18-inch wheels wrapped in Michelin Pilot Super Sport tires, ensuring superior grip and stability. Inside, the cabin reflects a blend of luxury and performance with leather and Alcantara upholstery, air conditioning, and power steering, making every drive both comfortable and thrilling. The audio experience is provided by a Pioneer head unit complemented by Polk Audio speakers, ensuring high-quality sound to accompany the exhilarating rides. This car's rarity is further cemented by its status as the only SePang Yellow Rossion Q1 registered in the official Rossion registry. With just 10,727 original miles on the odometer, this vehicle is not only a performance powerhouse but also a well-preserved piece of automotive history. The upcoming auction presents a rare opportunity for collectors to own a piece of unique automotive artistry. This 2009 Rossion Q1, with its bespoke attributes and remarkable power, is poised to be a highlight of the event, appealing to enthusiasts who appreciate the fusion of exceptional performance and distinctive design. See it here.
