ANNOUNCEMENT: Expert Investor is now PA Europe. Read more.

UEFA EURO 2020: CROATIA vs SCOTLAND

Croatia will be hoping to deliver a clinal performance, as the Scotland team will want to keep its long overdue cyclical recovery on track

SEBASTIAN CHEEK

EDITOR

PORTFOLIO ADVISER

Score prediction: CROATIA 2 – SCOTLAND 1

INVESTMENT INSIGHT:

Like many of the other countries in the tournament, Croatia is home to an inventive spirit that is often overlooked or, in the case of Ivan Vučetić, attributed to another country.

Vučetić was born on the island of Hvar in 1858, moving to Argentina when he was 26. He later changed his name to Juan Vucetich Kovacevich. It was in the Latin American country, while working as a police official, that he developed a fingerprinting system that would change the course of criminal investigations across the world.

It was already known that fingerprints are unique, this was established by English polymath Fracis Galton. But it was Vučetić who took that discovery and gave it a practical application – solving crimes.

His method came to prominence in an 1892 case, in which a woman claimed her two young children had been killed by her former lover. Fingerprinting proved that she was, in fact, the murderer.

You might wonder what all of this has to do with football. Well, ask yourself how often pundits talk about teams being ‘clinal’ or ‘forensic’ in how they play?

Croatia might just be home to more of those qualities than you expect – attributes which might well see them through to the next round.

FRASER LUNDIE

HEAD OF CREDIT

FEDERATED HERMES

Score prediction: CROATIA 1 – SCOTLAND 2

INVESTMENT INSIGHT:

Amid concern over self-isolation regulations in Scotland, the Croatian team cancelled plans to stay in St. Andrews during Euro 2020. For the one in 12 Scots employed in the tourist industry, this is hopefully a rare exception amidst a broader reopening.

Scotland, bursting with history, culture and stunning beauty, has long been a global leader in tourism. It remains a vital cog in the economy and with the post pandemic set to spark a resurgence in travel, the sector is set to enjoy a resurgence.

There are other structural trends aiding the case for tourism.  The younger generations have grown up in a world where owning things is increasingly less of an aspiration.   Scientific research has confirmed that experiences make us happier and technology is putting ever more information in our pockets, driving intrigue and desire to see and experience.

This demand for tourism needs to be met responsibly and thankfully Scotland is ahead of the curve in this regard.  Groups including VisitScotland are vocal in championing the reduction of food miles, encouraging responsible travel and sustainable transport use.  For investors, being on the right side of structural demographics, sustainability and a cyclical recovery all bode well.

While the Scotland national team have recently enjoyed something of a long overdue cyclical recovery in getting to these finals, the Croatian 2018 World Cup finalists have a lot to live up to and an aging backbone to their team.

The Tartan Army will be pinning hopes on home advantage in what is set to be a tight, nervy affair. 

MORE ARTICLES ON

  • Can M&A and buybacks breathe life into UK market?

    Can M&A and buybacks breathe life into UK market?

    Both buybacks and M&A should help realise value in UK shares, boosting prices and giving investors another reason to consider the UK stockmarket Not only does M&A activity appear to be picking up, with a high-profile bid for UK electronics retailer Currys, but the scale of company buybacks continues to accelerate. If it goes well,…

  • Capital Group launches multi-thematic Article 8 funds

    Capital Group launches multi-thematic Article 8 funds

    Capital Group has launched a set of multi-thematic sustainable funds that are available for investors in Europe, writes Christian Mayes. The Capital Group Sustainable Global Opportunities fund (LUX) will invest in global equities, while the Capital Group Sustainable Global Corporate Bond fund (LUX) will target fixed income exposure. The launch also includes a multi-asset offering…

  • Bond funds pull in €29.7bn in January – LSEG

    Bond funds pull in €29.7bn in January – LSEG

    Bond products were the best-selling asset class in January, according to LSEG Lipper’s European Fund Flow report, writes Christian Mayes. The asset class pulled in a net €29.7bn in the month, while Money Market USD grouping was the best-selling Lipper Classification after receiving €11.2bn inflows. Providers of mutual funds pulled in €22.5bn, while passives saw net…

  • Quarter of Article 8 funds at risk of greenwashing – MainStreet Partners

    Quarter of Article 8 funds at risk of greenwashing – MainStreet Partners

    A quarter of all Article 8 funds could be accused of greenwashing based on their sustainability framework and practices, according to MainStreet Partners, writes Christian Mayes The 24% of funds classified as a greenwashing risk by the 2024 ESG Barometer report marks a four percentage point increase from the 20% flagged at the end of…

  • EU green rules could stymie decarbonisation projects – ExxonMobil

    EU green rules could stymie decarbonisation projects – ExxonMobil

    The European Union’s climate regulations may lead to it halting its investments in Europe, ExxonMobil has warned. Speaking to the Financial Times, Karen McKee, president of the product solutions division, said the oil and gas giant had struggled to begin decarbonisation projects in Europe due to the regulatory burden. The result, she added, was that…

  • ICE flags need for Europe to double green investment

    ICE flags need for Europe to double green investment

    Investments to modernise energy and transport must double by the end of the decade to reach 2030 climate targets, the EU has been warned. According to the Institute for Climate Economics (ICE), which has released the European Climate Investment Deficit report, the bloc lacks what it calls a “consistent tool” to ensure monitoring of the…