May 2, 2019: DCM Advisors, LLC Announces Appointment as Sub-advisor for the Copley Fund, Inc. (COPLX), Subject to Shareholder Approval. Please click here for more information.
April 4, 2019: DCM Advisors, LLC Announces the Hiring of Andrew Bockstein as Senior Vice President, Head of Distribution & Product Development. Please click here for more information.
March 18, 2019: DCM Advisors, LLC Announces Receipt of Shareholder Approval to Become Investment Advisor, and Fee Reduction for, Centaur Total Return Fund (TILDX). Please click here for more information.
November 19, 2018: DCM Advisors, LLC Announces Appointment as Interim and Incoming Investment Advisor for the Centaur Total Return Fund. Please click here for more information.
Our most recent research note examines the efficacy of various investment indicators during episodes of Fed tightening. Focusing on the last four episodes, we find that the record is mixed. Most investment indicators performed well during the tightening episodes of 1999 and 2004-2007,Read More »
Recent global commodity price weakness has favored several emerging Asian markets at the expense of commodity exporters in Latin America, Eastern Europe, and the Middle East.
After peaking in early 2018, global metals prices declined during the second half of the year.Read More »
Our recently published white paper—Inflation and Asset Allocation in the U.S. since 1995—draws lessons for U.S. asset allocation based on the full range of U.S. inflationary experience during the post-WWII period. The paper focuses on the real returns to U.S.Read More »
China’s FX Reserves declined by US$ 34 billion in October, bringing this year’s cumulative loss to US$ 87 billion. There are at least two reasons to take this development in stride:
The US$ 87 billion decline amounts to a modest 2.8% of initial December 2017 reserves (US$ 3,140 billion).Read More »
This year’s emerging market sell-off has raised the long-standing issue of contagion—the tendency for credit problems in a small set of emerging markets to spill over into a broader credit crunch, often with dire implications for economic fundamentals.Read More »
Much commentary on recent EM equity declines has focused on the role of U.S. dollar strength. This makes sense for at least a couple of reasons. From a fundamental standpoint, a stronger dollar increases the burden of servicing dollar-denominated debt for EM companies and sovereigns.Read More »