Publications


All publications made available on this site have been published by or made available to SEAL Advisors. They may be downloaded free-of-charge but cannot be reproduced or re-circulated by any means without prior permission. Any text, data or charts provided in any of the publications provided on this site remain the copyright of SEAL Advisors or the third party that has made their research available via this site.

The Shadow Price of Gold (August 2018) - Matt Fletcher & Scott Evans

A report examining the historical relationship between the US monetary base and the implied price of gold

The Scotsie 100: Sixty Years of Scottish Stocks  (July 2014) - Paul Marsh & Scott Evans

A report written at the time of the vote for Scottish independence  looking at the performance of Scottish companies.

The Alternative Investment Market: Successes, Failures and Suggestions for Change  (Oct. 2013) - Scott Evans

A report looking at the performance of the UK’s Alternative Investment Market from its inception in 1995  to 2013

Numis Smaller Companies Index: 2019 Annual Review (extract) - Scott Evans, Paul Marsh & Elroy Dimson

An extract of new analysis for the 2019 Annual Review covering: style investing within smaller companies, the  UK IPO market, impact of MiFID II, and investment returns over the long run. The full report is available from Numis Securities.

Numis Smaller Companies Index: 2018 Annual Review (extract) - Scott Evans, Paul Marsh & Elroy Dimson

An extract of new analysis for the 2018 Annual Review covering: Factor investing in perspective, research coverage and investment returns, when small caps do well and Brexit one year on.. The full report is available from Numis Securities.

Asset Correlation and Real Asset Investment (Feb 2018) - Scott Evans & Matt Fletcher

A report examining long-run asset correlation and implications for diversification in real asset investment portfolios

The Shadow Price of Gold (August 2019 update) - Matt Fletcher & Scott Evans

A report examining the historical relationship between the US monetary base and the implied price of gold

Numis Smaller Companies Index: 2020 Annual Review (extract) - Scott Evans, Paul Marsh & Elroy Dimson

An extract of new analysis for the 2020 Annual Review covering: how the index has changed over the past 65 years,  which sectors have been the long term winners and losers, and a long run analysis of acquisitions and the impact on returns

SEAL Advisors

Research & Strategy