Gavekal Capital: Sales Growth Estimates Continue to Deteriorate

Friday, November 14, 2014

Sales Growth Estimates Continue to Deteriorate

An increasing number of MSCI World sectors are now projected to experience negative sales growth for the next year. Not long ago, the Telecom, Materials, and Utilities sectors showed the most worrying declines. Now, they are joined by Industrials and Consumer Staples-- with estimates still positive (but declining) in the remaining half of the sectors:

It will likely come as no surprise that estimates in MSCI Europe are the weakest among the three regions, while those in MSCI North America remain the most positive.

MSCI Europe

MSCI North America

MSCI Pacific

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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