Tim Seymour talks his 2026 'MIGA' play

Melissa Lee (Host) 00:00.070

tim what does this mean for amiga in the new year the the the

Tim Seymour (Founder & Managing Partner) 00:03.510

setup for amiga is the part of the show that we've already talked about which is i think the dollar is your friend meaning weaker dollar which supports buying stuff in foreign currencies and some will outperform others i think a weaker fed also emerging markets typically are

Tim Seymour (Founder & Managing Partner) 00:16.990

very concerned around fed hiking cycles the other side is when the feds cutting historically it's because there are problems globally with the economy when you have a four point three percent print like this this really means that growth countries with a more nine rate outlook

Tim Seymour (Founder & Managing Partner) 00:30.990

and a weaker dollar it's a great backdrop i continue to think europe is going to surprise in terms of EPS growth places across europe by talk about european money center banks all the time but even some of the european staples tobaccos like imperial but also british tobacco

Tim Seymour (Founder & Managing Partner) 00:45.510

these are two names that are in idivo by international ETF i think you've got a dynamic with european industrials i love siemens i even like that for the data center trade some of the same trades that you are tracking investors you being folks at home are some of the same you

Tim Seymour (Founder & Managing Partner) 01:00.430

can find around the world you're just not as attuned to those plays asml you like dram four times moving spot this is one of the biggest players that actually has order book that's going to be very strong and i think you're buying some weakness here so some of the same themes i

Tim Seymour (Founder & Managing Partner) 01:13.750

want to play taiwan semi is we talk enough about that everybody knows this is arguably the second most important semiconductor company in the world which means it's arguably the second most important company in the world these are all international trends the backdrop is good

Tim Seymour (Founder & Managing Partner) 01:26.030

where you have above trend growth and very benign dynamics with the fed

Melissa Lee (Host) 01:30.150

so definitely a developed markets tilt as opposed to emerging markets tilt

Tim Seymour (Founder & Managing Partner) 01:34.670

i think so and i invest in so msci all world X US which is seventy five percent developed twenty five percent emerging i think that's your right mix i don't think you have to reach too far out the risk curve to find great growth and a lot of dividend growth superior dividend

Tim Seymour (Founder & Managing Partner) 01:47.790

growth in fact