Research, Rigour and Conviction
A specialist strategy is only as strong as the research behind it. At Fundament Capital, the investment process combines deep, bottom-up equity research with quantitative analysis and market intelligence — a discipline applied specifically to commodities and natural resources. In the conversation that follows, two members of the firm’s investment team discuss how the firm […]
Commodities and the Real Economy
Commodities are among the oldest asset classes, and among the least understood by private investors. They underpin the real economy — energy, food, industrial materials — yet they remain underrepresented in most portfolios. Fundament Capital, a Dubai-based investment and advisory firm, specialises in this space. In the conversation that follows, members of the firm’s investment […]
UK Borrowing Costs Soar Amid Fiscal Stress and Market Uncertainty
UK long-term borrowing costs have surged to their highest levels since the late 1990s, with 30-year gilt yields briefly touching 5.64% before easing to 5.6%, driven by global bond market pressures, Donald Trump’s clashes with the US Federal Reserve, and concerns over the UK’s fragile economic outlook. Analysts warn the UK faces a fiscal trap […]
Oil Prices Under Pressure as IEA Forecasts Rising Supply Surplus
The International Energy Agency (IEA) warned this week that world oil supply is set to rise much faster than demand, creating the risk of a significant surplus into 2026, in sharp contrast to OPEC’s more upbeat outlook. The IEA now projects global supply will increase by 2.7 million barrels per day (bpd) in 2025 and […]
Market Reacts as Bank of Japan Announces ETF Unwind and Policy Tensions
The Bank of Japan sparked sharp market moves after unveiling plans to begin selling its massive $250 billion ETF holdings and revealing an unexpected split over interest rates. While the central bank kept its policy rate at 0.5% as expected, two board members dissented in favour of a hike to 0.75%, a rare sign of […]