資源描述：
《瑞信深度-全球股市投資大主題-全球股市主題：投資增長(zhǎng)4.0》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在行業(yè)資料-天天文庫(kù)。
1、20October2017GlobalEquityResearchThematicResearchGlobalEquityThemesTheCreditSuisseConnectionsSeriesleveragesourexceptionalbreadthofmacroandmicroresearchtodeliverTHEMEincisivecross-sectorandcross-borderthematicinsightsforourclients.InvestingforGrowth4.0ResearchAnalystsEugeneKlerkInthefo
2、urthofourseriesofInvestingforGrowthreports,werevisitthekey442078834678eugene.klerk@credit-suisse.comthemesthatwebelieveofferpotentialforstructural“GDP-plus”growth.?RichardKersleyLeveragingtheprinciplesofCreditSuisse'sHOLTscorecard,wetranslate442078880313themesintospecificstocks.Wehighl
3、ightthefollowing:richard.kersley@credit-suisse.comBrandonVair■Weremainina"growth"-stock-friendlyworldaidedbystubbornlylow442078886381realyieldssustainingdurationqualitiesandthegrowingscarcityofbrandon.vair@credit-suisse.compremiumtop-linequalities.Disruptionincreasinglyimpactscorporate
4、profitMariaBhatticycles,splittingstocksintothosethathavegrowthandthosethathavenot.442078881503maria.bhatti@credit-suisse.com■Operationalqualityand,crucially,momentumarethekeyfactorstoscreenforamongstgrowthstocks.OursystematicapproachofusingHOLTtoselectthehighestquality/strongestmomentu
5、mstocksfromourtopthreerankedthemeshasdeliveredc2700bpofoutperformancevsMSCIACWorldsinceJanuary2015andc1000bpinthepast12months.■Ourapproachcontinuestohighlightstocksthatareexposedtoconnectivitythemes:the"PotentialoftheInternet","BigData"and"Content".HOLT's"growthpercentile"whichestimate
6、sandranksthelikelythree-yearforwardcash-flowgrowthout-turnforstocksversustheirpeersunderpinstheirattraction.■What'snewin4.0?Alongsideourquantitativestockscreening,weupdateouranalyst-drivenglobal"Thematic30"(seepage6).Wealsoincludesixspecialfocus"articles"fromouranalyststhatdrillintospe
7、cificareasofgrowthanddisruption,includingvideo-gaming/Esports,cyber-securityinacloud-world,China'sOneBelt,OneRoad(OBOR)plan,IndustrialIoT,theMillennialtravellerandBlockchain.Figure1:Higherqualityandmomentumthemeshaveabove-averagelikelihoodofgrowingcashflowsfasterthanequitiesgenerally
