10k Words - December 2021

Apparently, Confucius did not say “One Picture is Worth Ten Thousand Words” after all. It was an advertisement in a 1920s trade journal for the use of images in advertisements on the sides of streetcars. Even without the credibility of Confucius behind it, we think this saying has merit. Each month we share a few charts or images we consider noteworthy.

Our final 10k Words for CY2021 kicks off with The Economist's first cut on what events captured audience attention in the media during the year. We then range across Morgan Stanley's chart on China property sector's importance to commodities, the surge in VC investment in cryptocurrency startups illustrated by The Economist and Bloomberg's ranking of countries through time based on their COVID-19 vaccine penetration. We get into equities with Bespoke showing ETFs don't necessarily fulfill the diversification function that is expected of them and finally Equitable Investors' analysis of what has worked and what hasn't worked in CY2021 for ASX-listed micro-to-mid caps.

Impact of 2021 global events as measured by media activity (an initial draft analysis)

Source: The Economist

China property sector's contribution to commodity demand
Source: Morgan Stanley

VC funds piling into cyrptocurrency startups

Source: The Economist

COVID-19 vaccine doses per 100 people
Source: Bloomberg

Sector ETFs not so diversified

Source: Bespoke

Quarterly average returns & CY2020 YTD return for ASX micro-to-mid caps by size (market cap)

Source: Equitable Investors, Sentieo

Quarterly average returns & CY2020 YTD return for ASX micro-to-mid caps by sector

Source: Equitable Investors, Sentieo

Quarterly average returns & CY2020 YTD return for ASX micro-to-mid caps by valuation band

Source: Equitable Investors, Sentieo

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