Inflation

event

Article

2023-12-31

Commodities Energy Macro and market Outlook No Optimizely Inflation Article

Commodities outlook: Near-term uncertainties; long-term opportunities

Members of our Commodities Team describe the micro and macro, cyclical and structural tensions that we expect to drive the asset class in 2023.

By

David Chang , CFA

Joy Perry

event

Article

2023-12-31

Active management Portfolio strategy Asset allocation iStrat Top of Mind Inflation Value vs growth Volatility Innovation Interest rates Multi-asset Article

Pivot points: Five portfolio positioning ideas for the new market regime

Multi-Asset Strategist Adam Berger looks at five ways in which the world may be very different in the coming decade and how they could influence the next wave of investment winners.

By

event

Article

2023-12-31

Macro and market Inflation Economic cycle Europe iStrat Quick Take

Wellington investor survey: inflationary Europe seen as top “problem child” of 2023

In the latest Wellington investor survey, inflationary Europe was seen as the top "problem child" of 2023.

By

Ben Cooper , CFA

event

Quick Take

2023-11-30

Credit Inflation Interest rates Volatility Asset allocation Fixed income Quick Take

Three tailwinds that could power CLO equity in 2023 and beyond

Three members of our fixed income team argue that the headwinds currently facing CLO equity should give way to improved returns in 2023 and beyond.

Multiple authors

event

Quick Take

2023-11-30

Insurance Multi-Asset Outlook Multi-asset Macro and market Inflation Volatility Interest rates Monetary policy Asset allocation Equity Fixed income Commodities Balance sheet Whitepaper

Inflation, rates, and volatility: The best defense is a good offense

Insurance Strategist Tim Antonelli shares his latest multi-asset views for insurers, including the need to balance defensive portfolio strategies with continued income and return generation.

By

event

Whitepaper

2023-04-15

Emerging markets EM debt Monetary policy No Optimizely Inflation Interest rates Volatility Fixed income Outlook Article

Emerging markets debt outlook: A glass half full or half empty?

Against a still-challenging global backdrop for emerging markets, Macro Strategist Gillian Edgeworth highlights opportunities created by extreme credit spread dispersion across individual countries.

By

Gillian Edgeworth

event

Article

2023-12-31

Monetary policy Economic cycle Inflation Interest rates USA Quick Take

November FOMC meeting: How slow can the Fed go?

Investment Specialist Caroline Casavant shares her takeaways from the November FOMC meeting, including thoughts on the likely pace of further Fed interest-rate hikes.

By

Caroline Casavant

event

Quick Take

2023-01-31

Monetary policy Inflation Interest rates Economic cycle Currency Japan Fixed income Quick Take

Bank of Japan policy shift: Waiting for the other shoe to drop?

Client Portfolio Manager Jitu Naidu and Investment Director Masahiko Loo share their take on the consensus view that Japan has reached several key inflection points.

By

Jitu Naidu

Masahiko Loo

event

Quick Take

2023-01-31

Interest rates Inflation Fixed income Monetary policy Fiscal policy Volatility Outlook No Optimizely Government bonds Article

2023 Macro and rates outlook: Goodbye easy money, hello regime change

Macro Strategist John Butler highlights the impact of macroeconomic "regime change" on global inflation and interest rates, with potential implications for investors.

By

event

Article

2023-12-31

Inflation Volatility Economic cycle Outlook No Optimizely Multi-asset Fixed income Equity Alternatives Video

A new economic era: Why inflation, volatility, and cycles are back

Macro Strategist John Butler argues that a seismic global shift is underway that will disrupt the macro dynamics of the past two decades, challenging long-held investment assumptions.

By

Christopher Perret , CFA, CAIA

event

Video

2023-12-31

Credit Interest rates Monetary policy Inflation Economic cycle Volatility Fixed income USA Quick Take

Can agency MBS bounce back from dismal performance?

Fixed Income Portfolio Manager Brian Conroy and two colleagues weigh in on the mortgage-backed securities (MBS) market in the wake of a very challenging month.

Multiple authors

event

Quick Take

2023-01-31

Volatility Macro hedge funds Diversification Inflation Alternatives Whitepaper

Macro renaissance: The opportunity ahead for investors

As the global economy and financial markets transition to a new, potentially more volatile era, macro investment strategies may be well positioned to take advantage of market dislocations and greater asset price differentiation.

By

Vivian Bi , CFA

event

Whitepaper

2023-10-31

Asset allocation Inflation Monetary policy Outlook Multi-Asset Outlook Volatility Multi-asset Article No Optimizely

Multi-Asset Outlook — Higher rates for longer: What does it mean for markets?

For central banks, the inflation fight is on, but the policy and market responses will vary in the coming months. Nanette Abuhoff Jacobson and Supriya Menon discuss the implications for equities, bonds, and commodities.

By

Supriya Menon

event

Article

2023-11-30

Volatility Inflation United Kingdom Defined contribution (DC) Distribution Public pension (DB) Private pension (DB) Article

After the UK sell-off: what’s next for global markets and investors?

Co-Head of Investment Strategy Natasha Brook-Walters and Head of Macro Strategy John Butler discuss the implications of the recent sell-off in UK markets for global markets and investors.

By

Natasha Brook-Walters

event

Article

2022-12-30

Interest rates Inflation Credit Asset allocation Fixed income USA Quick Take

Bank loans: Can issuers overcome higher interest expenses?

The short answer, according to Fixed Income Portfolio Managers Jeff Heuer and David Marshak, is that many can. And, they believe bank loans can outperform many other fixed-income sectors over the next 12 months.

Multiple authors

event

Quick Take

2023-01-31

Monetary policy Interest rates Inflation Economic cycle Portfolio strategy Equity Fixed income Multi-asset USA Quick Take

The Fed wants to crush inflation, but at what cost?

Following a higher-than-expected inflation print and the Fed's latest rate hike, Global Investment Strategist Nanette Abuhoff Jacobson considers potential implications for fixed income and equities.

By

event

Quick Take

2022-12-31

Monetary policy Interest rates Inflation Economic cycle USA Multi-asset Quick Take

The Fed’s “lean, leave, then clean” strategy

US inflation could prove "stickier" than many observers think. How might that influence Fed policy into 2023? Fixed Income Portfolio Manager Jeremy Forster opines.

By

event

Quick Take

2022-12-31

Inflation Climate Energy Fiscal policy USA Sustainable investing Climate technology Article

The Inflation Reduction Act: A big deal for the US economy

US Macro Strategist Juhi Dhawan considers the economic implications of the climate- and energy-related spending provisions in the IRA, including the potential for higher productivity.

By

Nick Samouilhan , PhD, CFA, FRM

event

Article

2023-09-30

Monetary policy Inflation Risk management Macro and market Equity Fixed income Multi-asset Quick Take

The shifting equity/bond correlation: Implications for portfolio construction

Multi-Asset Strategist Nick Samouilhan looks at what's driving the change in the all-important equity/bond relationship and what can be done about it.

By

event

Quick Take

2022-12-31

Macro and market Large cap Equity Volatility Inflation USA Quick Take

What does an equity market bottom look like?

Applying a historical analysis to today's market, Multi-Asset Portfolio Manager Nick Petrucelli believes US equities have not yet found a near-term bottom.

By

Nick Petrucelli

event

Quick Take

2022-11-30

Monetary policy Inflation Interest rates USA Quick Take No Optimizely Unique Perspectives

No more Mr. Nice Guy? Fed Chair Powell talks tough on inflation

Fixed Income Portfolio Manager Brij Khurana offers his latest thoughts on Fed policy following the central bank's recent Jackson Hole meeting.

By

event

Quick Take

2023-09-30

Macro and market Economic cycle Inflation Multi-asset Quick Take

Wellington investor survey: global recession tops investors’ concerns

The latest Wellington investor survey shows that our investment teams are increasingly concerned about the economic cycle, with 45% seeing a global recession over the next 12 months as the most likely outcome.

By

Ben Cooper , CFA

event

Quick Take

2022-11-30

Inflation Monetary policy Commodities Asset allocation Multi-asset USA Quick Take

Investment takeaways from the latest inflation data

With 2022's structural inflation story still very much intact, now may be a particularly opportune time for investors to add real-asset and inflation-sensitive exposures to their portfolios.

By

Jake Coyne , CFA, CAIA

Willa Sun

event

Quick Take

2022-11-30

Inflation Asset allocation Europe Volatility Monetary policy Equity Multi-asset Alternatives Article

High inflation and slow growth in Europe: How should investors respond?

Multi-Asset Strategist Supriya Menon explores the asset allocation implications of high inflation and slow growth in Europe.

By

Supriya Menon

event

Article

2023-08-31

Economic cycle Inflation Portfolio strategy Interest rates Monetary policy Multi-asset Quick Take

Positioning for a “pricey” recession scenario

Client Portfolio Manager Jitu Naidu and Fixed Income Strategist Amar Reganti offer portfolio positioning ideas for the potential recession scenario that may lie ahead.

By

Jitu Naidu

Amar Reganti

event

Quick Take

2022-11-30

Inflation Fixed income Active management Fixed income — Credit Monetary policy Europe Credit Quick Take

Why today’s fixed income market is fertile ground for active management

Skilled active management has potential to shine in times of increased dispersion across fixed income sectors and regions. Now may be one of those times.

By

Tobias Ripka , CFA

Will Prentis

event

Quick Take

2022-12-31

Emerging markets EM debt Credit Interest rates Currency Inflation Monetary policy Article

Emerging local debt markets: Time to wade in?

Fixed Income Portfolio Manager Michael Henry sees positive trends across ELD fundamentals, valuations, and technicals that could be tailwinds for these markets going forward.

By

Michael Henry

event

Article

2023-08-31

Economic cycle Inflation Monetary policy USA Geopolitical Fixed income Quick Take

Reckoning with recession risk: Why this one may be “pricey”

Client Portfolio Manager Jitu Naidu shares his latest take on the looming risk of a global economic recession and related issues.

By

Jitu Naidu

event

Quick Take

2022-11-30

Top of Mind Inflation Commodities Asset allocation Energy Article

Is the commodities rally built to last?

Commodities were the only major asset class that performed well in the first half of 2022. Multi-Asset Strategist Adam Berger and Commodities Portfolio Manager David Chang consider whether there’s more upside from here.

By

David Chang , CFA

event

Article

2023-08-31

Top of Mind Inflation Asset allocation Monetary policy Multi-asset USA Article

Will the Fed send the US economy into a recession?

Multi-Asset Strategist Adam Berger and US Macro Strategist Juhi Dhawan consider the broad impact of Fed rate hikes and how asset allocators should respond.

By

event

Article

2023-07-31

Government bonds Monetary policy Opportunities and risks Inflation USA Quick Take Fixed income

Fed rate hikes: A tailwind for bonds?

Global Investment Strategist Nanette Abuhoff Jacobson believes higher-quality, longer-duration bonds may prove resilient even if the Fed keeps raising short-term rates into 2023.

By

event

Quick Take

2022-10-31

Inflation Europe Monetary policy Volatility Fiscal policy EMEA Article

What next for the euro area after the ECB’s historic hike?

Eoin O'Callaghan and Marco Giordano explore the ECB’s likely next steps and the potential future path of inflation and growth in the euro area.

By

Eoin O'Callaghan

Marco Giordano

event

Article

2023-07-05

Monetary policy Interest rates Inflation USA Fixed income Quick Take

July Fed meeting: Rising inflation vs falling growth

After another rate hike, the Fed must balance moderating growth with mounting inflation. Caroline Casavant opines on how the central bank might navigate this dilemma.

By

Caroline Casavant

event

Quick Take

2022-10-31

Asset allocation Yield Multi-asset Inflation Volatility Article

Insurers: Strengthen your core in the second half

Insurance Multi-Asset Strategist Tim Antonelli shares his latest multi-asset insights for global insurers, including his view that core fixed income holdings — US interest rates and investment-grade corporate bonds — should stack up well against most risk assets in the second half of 2022.

By

event

Article

2022-12-31

Outlook Inflation Interest rates Commodities Consumer discretionary Energy Industrials Real estate Materials Utilities Americas Innovation Monetary policy Article

Mid-2022 Inflation Outlook

We explore the current inflation environment's significant impacts on asset markets, anticipated relief in supply-chain pressures, and opportunities in commodities and enduring assets.

Multiple authors

event

Article

2023-07-31

Inflation Monetary policy Interest rates USA Article

US inflation: Supply chains to the rescue?

Macro Strategist Juhi Dhawan shares her inflation outlook, including the prospects for supply-chain normalization, and her views on the market implications.

By

event

Article

2023-07-31

Outlook Asset allocation Multi-asset Equity Fixed income Commodities Thematic exposure Inflation Article

Mid-2022 Asset Allocation & Investment Strategy Outlook

We explore the market implications of central bank policies, rising prices, and slowing growth and offer incremental steps to improving a portfolio’s return potential.

Multiple authors

event

Article

2023-07-31

Outlook Inflation Volatility Economic cycle Alternatives Equity Multi-asset Article

Mid-2022 Global Economic Outlook

We believe heightened geopolitical uncertainty, and the new macro environment of deglobalization, higher inflation, greater global cyclicality and volatility will disrupt and drive markets.

Multiple authors

event

Article

2023-07-31

Outlook Fixed income Equity Factors Multi-manager solutions Large cap Inflation Value vs growth Monetary policy Volatility Manager selection Article

Mid-2022 Asset Class Outlook

We offer perspectives on growth and value equities and explore ideas for shoring up your fixed income flank amid the evolving economic and market environment.

Multiple authors

event

Article

2023-07-31

Inflation Portfolio strategy Multi-asset Macro and market Commodities Equity Fixed income Article

Sticky inflation, weaker growth: A volatile mix

As central bank policy, rising prices, and slowing growth roil the markets, Nanette Abuhoff Jacobson and Supriya Menon explore the implications for equities, bonds, and commodities.

By

Supriya Menon

event

Article

2022-10-31

Credit Government bonds Portfolio strategy Inflation Quick Take

A transition year for agency MBS?

Following a challenging period for agency MBS, members of our securitized team now see attractive opportunities in the space and believe actively managed strategies may be the best way for many investors to capitalize.

Multiple authors

event

Quick Take

2022-07-31

Monetary policy Inflation Interest rates Fixed income Quick Take

Timely musings on Fed policy and inflation

With rising inflation and interest rates dominating the financial headlines in recent weeks, I have been fielding a flurry of colleague and client questions about the likely future trajectory of US monetary policy. While I don’t claim to have all the answers, especially with so many “known unknowns” as of this writing, here are my latest thoughts.

By

event

Quick Take

2022-08-30

Inflation Interest rates Monetary policy Value vs growth Equity Fixed income Quick Take

US inflation risk, angry bondholders, and silver linings

Here are quick thoughts on some common questions I’ve been asked recently about Fed policy, yields, the US dollar, and financial markets.

By

event

Quick Take

2022-08-31

Inflation Europe Portfolio strategy Yield Monetary policy Interest rates Quick Take

Helping European investors navigate inflation fears

The recent shift to a higher inflation regime, with resulting expectations of tighter monetary policy and rising interest rates, presents a material challenge for European fixed income investors. Against this backdrop, Investment Analyst Will Prentis and Investment Director Tobias Ripka believe investment flexibility is key.

By

Will Prentis

Tobias Ripka , CFA

event

Quick Take

2022-07-31

Fixed income Volatility Inflation Monetary policy Information technology Quick Take

Global convertibles: Poised to benefit from five structural tailwinds

Fixed Income Portfolio Manager Michael Barry and Investment Specialist Raina Dunkelberger believe global convertible bonds are likely to outperform other fixed income sectors over an investment time horizon of approximately two to three years. Learn why.

By

Michael Barry

Raina Dunkelberger , CFA

event

Quick Take

2022-07-31

Insurance Inflation Multi-asset Interest rates Insurance Multi-Asset Outlook Whitepaper

Higher inflation, rising rates: Front and center for insurers

With macro and market complications piling up through the first few months of 2022, Insurance Multi-Asset Strategist Tim Antonelli provides his investment implications for global insurers.

By

event

Whitepaper

2022-10-15

Geopolitical Russia Inflation Volatility Europe China Commodities Multi-asset Article

Russia/Ukraine: Transformational, not transitory

Four Wellington thought leaders share their distinct individual perspectives on the short- and longer-term implications of the tragic watershed conflict between Russia and Ukraine: Geopolitical Strategist Thomas Mucha on the geopolitical backdrop; Macro Strategist John Butler on what it means for Europe; Macro Strategist Santiago Millán on the role of China; and Portfolio Manager David Chang on the commodities markets.

Multiple authors

event

Article

2022-11-30

Credit Interest rates Portfolio strategy Inflation Quick Take

Four potentially powerful tailwinds for the securitized sector

In his latest Top of Mind session, Multi-Asset Strategist Adam Berger addressed a wide range of what-if scenarios on the minds of our clients. See what he has to say on Russia, China, cryptocurrencies, the IPO market, and many other topics in this brief article.

Multiple authors

event

Quick Take

2022-06-30

China Russia Inflation Volatility Geopolitical Multi-asset Article

China is not Russia: Reasons to stay invested

Equity Portfolio Manager Greg Mattiko challenges investors to look at actions rather than conjecture when considering reduced exposure to China.

By

Greg Mattiko , CFA

event

Article

2023-03-31

Russia Geopolitical Multi-asset Inflation Volatility Article

War in Ukraine: Five observations on recent developments

Macro Strategist Gillian Edgeworth assesses recent developments in the escalating Russia/Ukraine conflict and highlights five key implications.

By

Gillian Edgeworth

event

Article

2023-03-31

USA Inflation Article Equity Fixed income Geopolitical COVID Private equity China

Ten more “what if” scenarios for 2022

In his latest Top of Mind session, Multi-Asset Strategist Adam Berger addressed a wide range of what-if scenarios on the minds of our clients. See what he has to say on Russia, China, cryptocurrencies, the IPO market, and many other topics in this brief article.

By

event

Article

2023-02-28

Russia Geopolitical Multi-asset Inflation Value vs growth Volatility Article

Russia/Ukraine conflict: Five things to watch closely

Amid the ongoing turmoil of the Russia/Ukraine crisis, Global Investment Strategist Nanette Abuhoff Jacobson highlights five key areas she thinks investors should keep a watchful eye on in the weeks ahead.

By

event

Article

2023-03-31

Macro and market Asset allocation Multi-Asset Outlook Inflation Interest rates Monetary policy USA Russia Japan Equity Fixed income Multi-asset Commodities Article

For markets, it’s complicated

As markets grapple with the war in Ukraine, inflation worries, and a host of other issues, Nanette Abuhoff Jacobson and Daniel Cook offer their thoughts on the investment implications for equities, commodities, and fixed income.

By

event

Article

2022-10-31

Emerging markets Credit EM debt Inflation Quick Take

EM local debt: Forgotten but not forsaken

The emerging markets (EM) local debt sector (as measured by the JP Morgan Government Bond Index – Emerging Markets Global Diversified) just posted its worst calendar-year performance since 2013, returning -8.75% against the headwind of higher EM local interest rates. The underlying culprit? EM inflation surprised to the upside in 2021, forcing a number of EM central banks to raise their policy interest rates in an effort to curb the impact.

By

event

Quick Take

2022-09-30

Inflation Commodities Energy Quick Take

Commodities in 2022: Opportunities amid inflation

Inflation is quickly becoming top of mind for many as everything from ice cream to cars gets more expensive. Investors are beginning to recognize that we’re experiencing the highest inflation levels in 40 years. In our view, we may be entering a market that could be quite favorable for inflation-hedging assets broadly and commodities, in particular. Critically, this environment is coming on the heels of a decade or more of institutions deallocating from inflation-sensitive areas.

By

David Chang , CFA

Joy Perry

event

Quick Take

2022-08-31

Fixed income Inflation Emerging markets Quick Take

EM local debt: forgotten but not forsaken

Fixed Income Portfolio Manager Brij Khurana lays out why now may be an opportune time for discriminating investors to take a closer at emerging markets local debt assets.

By

event

2022-09-30

Volatility Macro and market Public pension (DB) Endowments & foundations Family office Insurance Private pension (DB) Union (Taft Hartley) USA China Multi-asset Emerging markets Inflation Portfolio construction Article

What if…? Contemplating five big questions for 2022

Could there be policy, inflation, or market surprises in 2022? Multi-Asset Strategist Adam Berger weighs the possibilities and the portfolio implications.

By

event

Article

2023-02-28

Europe Inflation Quick Take

Euro area: Challenging long-held assumptions

We believe 2022 will be the year when macroeconomic and political developments challenge two deep-rooted misperceptions about the euro area:

By

Eoin O'Callaghan

event

Quick Take

2022-04-30

Inflation Utilities Interest rates Monetary policy Portfolio construction Global Industry Research Equity Fundamental equity Subadvisory Article

How to reposition portfolios for inflation with listed infrastructure

With the risk of structurally higher inflation increasing, Tom Levering and Ken Baumgartner assess whether allocating to listed infrastructure may help mitigate the impact of inflation.

By

Ken Baumgartner , CFA

Tom Levering

event

Article

2023-01-31

Inflation Quick Take Fixed income

Playing inflation defense with fixed income in 2022

For fixed income investors who are worried about the double threat of higher inflation and rising rates, there are strategies that may help insulate a bond portfolio. Fixed Income Investment Director Amar Reganti and Investment Specialist Jonathan Tan offer up some suggestions.

By

Amar Reganti

event

Quick Take

2022-02-28

Multi-asset Climate Portfolio strategy Inflation Sustainable investing Article

Integrating climate change into capital market assumptions: our approach and findings

Members of our Investment Strategy team explain how they are incorporating climate-related inputs, including physical and transition risks, into their capital market assumptions and outline the impact of these changes at the asset-class level.

Multiple authors

event

Article

2023-01-31

Inflation Fixed income Global Industry Research Event replay Opportunities and risks

Reflation or stagflation? Assessing the investment outlook for 2022

Are investors right to fear a return of stagflation? What areas of portfolios may need repositioning? And how do they think about inflation and climate risk?

Multiple authors

event

Event replay

2022-12-31

Interest rates USA Inflation Quick Take

Fed watch 2022 — Year of the hawk?

With inflation on the rise and all eyes seemingly on the Fed these days, Fixed Income Portfolio Manager Jeremy Forster shares his takeaways from the Federal Open Market Committee (FOMC)’s December 2021 meeting.

By

event

2022-07-29

Multi-asset Inflation Article

Blast from the past: Are we watching the return of 1970s-style stagflation?

How worried should investors be about the risk of stagflation? Portfolio Manager Nick Petrucelli offers his take, digging into previous occurrences for clues about the causes that may be most relevant today and outlining the potential outcomes and capital market implications.

By

Nick Petrucelli

event

Article

2022-12-31

Inflation Interest rates USA

Fed watch 2022: Year of the hawk?

With inflation on the rise and all eyes seemingly on the Fed these days, Fixed Income Portfolio Manager Jeremy Forster shares his takeaways from the Federal Open Market Committee (FOMC)'s December 2021 meeting.

By

event

2022-07-29

Equity Inflation Global Industry Research Japan Quick Take

Seven reasons Japanese equities are worth another look

Investment Strategy Analysts Steven Ye and Daniel Cook make their case for Japanese equities, based on valuations, the “benefits” of inflation, the potential for event-driven outperformance, and other factors that may be underappreciated by the market.

By

Steven Ye , CFA

event

Quick Take

2022-09-30

Insurance Multi-asset Inflation COVID Whitepaper Credit ESG

Three transition year themes — inflation, capital, ESG

Insurance Multi-Asset Strategist Tim Antonelli believes 2022 could be a year of transition for the global insurance industry, with the three big themes of inflation, capital, and ESG likely to play prominent roles in many insurers’ strategic planning and decisions.

By

event

Whitepaper

2022-12-01

Multi-asset Inflation

Portfolio sensitivity to interest-rate ups and downs: An analysis of the key drivers

For investors thinking about changes in interest rates and the impact on their portfolios, it’s important to consider what’s driving the change. Investment Strategy Analyst Daniel Cook explains how different asset classes react to changes in real yields and inflation expectations, to help investors manage risk and better understand portfolio bets.

By

Nick Samouilhan , PhD, CFA, FRM

event

2022-11-30

Outlook USA China Inflation Geopolitical Climate Article

2022 Global Economic Outlook

Our 2022 economic outlook describes the forces we believe will shape macro & market events, including significant inflationary and geopolitical risks.

Multiple authors

event

Article

2022-11-30

Outlook Equity Fixed income Commodities Inflation Volatility Asset allocation Risk management Net zero Multi-asset Article

2022 Multi-Asset Outlook

In our 2022 Asset Allocation Outlook, we expect markets to focus on central bank efforts to tame inflation look at 5 post-pandemic essentials for 2022.

Multiple authors

event

Article

2022-12-31

Fixed income Portfolio strategy Opportunities and risks Inflation Volatility Economic cycle Article

A credit strategy designed for all seasons

Today’s fixed income allocators face a variety of challenges. Against this backdrop, Multi-Asset Strategist Cara Lafond and Investment Directors Amar Reganti, Chris Perret, and Andrew Bayerl make the case for having an “all-weather” credit portfolio composed of carefully chosen building blocks.

Multiple authors

event

Article

2022-11-15

Inflation Equity Fixed income Multi-asset Article China Opportunities and risks

Five investment essentials for a post-pandemic world

As the world “gets back to business” in 2022, a cautiously optimistic outlook seems warranted. For investors, it may be a year to think thematically.

By

Andrew Sharp-Paul

event

Article

2022-11-30

Fixed income Opportunities and risks Europe Inflation

European high yield: Raised energy prices create opportunities

The recent spread widening in European high yield appears to have created a good buying opportunity for investors looking for income and total return.

By

Konstantin Leidman , CFA

event

2022-05-31

Climate Macro and market Sustainability Sustainable investing Inflation Article

After the inflection point: How the climate challenge will transform the global economy

The decarbonization commitments of countries around the world will fundamentally reshape the global economy. Members of our Central Macro Team highlight their research findings, from the effects on growth and the cost of capital to the potential for geopolitical conflict and higher inflation.

Multiple authors

event

Article

2022-10-31

Inflation Interest rates Fixed income USA Quick Take

Five reasons to think US inflation has staying power

After a lengthy absence, inflation has finally returned to the US, but for how long depends on who you ask. Fixed Income Portfolio Manager Brij Khurana offers his view on why US inflation may prove to be more enduring than many observers think.

By

event

Quick Take

2021-11-30

Inflation Macro and market Multi-asset Equity Fixed income

Investing amid the great inflation debate

The global economy is recovering and supporting the performance of risk assets, but rising inflation is a bogeyman now. Global Investment Strategist Nanette Abuhoff Jacobson and Investment Strategy Analyst Daniel Cook offer thoughts on how investors might navigate this mixed picture.

By

event

Inflation USA Article

A revival in US investment spending: Implications of the Biden infrastructure plan

US Macro Strategist Juhi Dhawan discusses six key themes in the US infrastructure proposals, from shovel-ready projects to modernization of the power grid, and considers the broad economic impact and potential for unintended consequences.

By

event

Article

2022-08-31

Sustainable investing Fixed income ESG Macro and market Inflation Article

Are ESG and policy intervention game changers?

An accelerating focus on ESG and more aggressive policy interventions could change the way we invest in years to come. Marc Piccuirro assesses the implications for investors.

By

Marc Piccuirro , CFA

event

Article

2022-07-31

USA Fixed income Macro and market Inflation Article

No way out? Why the Fed may be trapped

Shifting inflation dynamics could box the Fed into a corner and test its resolve going forward. Fixed Income Portfolio Manager Brij Khurana takes a closer look and considers the investment implications.

By