Equities: the importance of capex

Taha Lokhandwala looks at how schemes should use capital expenditure when picking stocks

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Stock-picking is certainly no easy task in today's global economy, and active equity managers undertake intensive research into companies they buy analysing a variety of criteria.

One such criterion is capital expenditure (capex), which is understood to be the value of funds used by a company to invest in itself. Capex is significant to institutional investors. The ratio ...

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