Global Matters Weekly – 4 July 2022

Buy Now, Paid Lots

by Matt Connor

— High-yielding and undervalued companies may provide investors with attractive returns.

Over recent years, the acronym ‘BNPL’ has dominated headlines due to the stratospheric rise of companies such as Klarna and Clearpay offering consumers a modern spin on a type of credit that was made popular in the twentieth century, instalment plans. Headlines associated with Buy Now, Pay Later have overwhelmingly been negative as regulators look to crack down on loose lending amid the cost-of-living crisis.

In this week’s Global Matters Weekly we focus on ‘BNPL’ stocks; high dividend-yielding companies within our UK Equity portfolio that you can Buy Now, (and be) Paid Lots.

Market Snapshot

  • Global equities fell 2.2% last week
  • G7 ministers have reportedly agreed to explore imposing a cap on Russian gas and oil exports in the hope that it will help cushion the impact of higher energy prices on western economies
  • Brent crude fell 1.3% over the week to $111.6 a barrel
  • Gold fell 0.8% to $1811.4 per ounce.