The World’s Top 100 Non-Financial MNEs based on Foreign Assets 2019

The World’s Top 100 Non-Financial Multi-National Enterprises (MNEs) based on Foreign Assets in 2019 are listed in the table below: Source: World Investment Report 2020, UNCTAD A few observations: Among the top five firms are oil majors Royal Dutch Shell(RDS-A), Total(TOT) and BP(BP). Japan-based multinational conglomerate Softbank Group took the fourth spot. China has the largest representation …

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Comparing the Returns of Gold, Stocks and Bonds by Decade

Gold has had an excellent run so far this year. The yellow metal is up over 28% year-to-date as investors pile into it as a hedge against risky assets and uncertainties brought by Covid-19.  In general, gold as an asset class performs well when stocks and bonds do not. I recently across an article by Matthew …

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On The Correlation between German Stock Market and Auto Stock

Manufacturing is the largest sector of the German economy. More specifically, the auto manufacturing industry is the largest in Germany. As a result, the German stock market tend to follow the auto industry. The following chart shows how the German stock market is highly correlated to the auto industry: Click to enlarge Cumulative total return …

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