What region is it about?

event September 2025

5 min

Article

2026-10-31

How a changing Europe is reshaping credit markets

Portfolio Managers Derek Hynes and Konstantin Leidman explore how a changing Europe is reshaping the region's credit markets and identify key takeaways for investors.

By

Derek Hynes

Konstantin Leidman, CFA

event September 2025

5 min

Article

2026-09-30

Weekly Market Update

What do you need to know about the markets this week? Tune in to Paul Skinner's weekly market update for the lowdown on where the markets are and what investors should keep their eye on this week.

By

Paul Skinner

event September 2025

4 min

Video

2026-09-30

Asset Allocation Outlook

How to evolve your portfolio for the latest market conditions? Explore the latest monthly snapshot of Wellington Solutions Group's asset class views.

Multiple authors

event September 2025

4 min

Article

2026-11-05

Integrating end-beneficiary insights into impact investing: Microfinance case study

Louisa Boltz and Oyin Oduya join with Pranav Sridhar from 60 Decibels to examine best practices for bringing end-beneficiary insights into impact investing.

Multiple authors

event August 2025

7 min

Article

2026-08-31

Rethinking the Fed’s dual mandate

Is it time for a fresh perspective on the dual mandate? Fixed Income Portfolio Manager Brij Khurana explores the potential benefits of reorienting monetary policy toward maximizing productivity.

By

event August 2025

7 min

Article

2026-08-31

(Re)emerging markets: 10 reasons for optimism

Our experts identify 10 reasons why now may be the time for investors to reconsider emerging markets.

Multiple authors

event August 2025

6 min

Article

2026-09-01

Chart in focus: What does a weak US dollar mean for global investors?

In this Chart in Focus, we illustrate how the power of the US dollar in 2025 stacks up against the past fifty-plus years. Learn what we're watching and understand the global investment implications of a weaker USD.

By

Joshua Riefler

event August 2025

2 min

Article

2026-09-30

Stagflation watch: Thoughts on tariffs, inflation, and Fed policy

US Macro Strategist Juhi Dhawan considers signs the US economy may be moving toward a toxic mix of slowing growth and rising inflation, creating challenges for the Fed and investors.

By

event August 2025

5 min

Article

2026-08-31

China’s changing: Why you should be watching

Macro Strategist Johnny Yu discusses structural shifts in China impacting global investment dynamics. notably diminished importance of the property sector and collapse of imports.

By

Johnny Yu, CFA

event August 2025

4 min

Article

2026-08-31

Weighing the economic winners and losers of the One Big Beautiful Bill Act

Macro Strategist Juhi Dhawan unpacks the impact of One Big Beautiful Bill Act, including its potential effect on economic growth, corporate earnings, and the US government deficit and debt.

By

event July 2025

7 min

Article

2026-07-31

Abstract geometric design with colorful overlays

AI isn’t like other tech cycles — and investors may need a new approach

AI may dominate headlines and strategy decks but people may still be underestimating its potential for disruption. What makes AI so different to other tech cycles?

By

Brian Barbetta

Andrew Heiskell

event July 2025

4 min

Article

2026-07-31

Japan’s banking sector outlook: Alpha up ahead?

Olivia Hurley and Rie Kimoto explore Japan's banking sector, highlighting regional banks' undervaluation and M&A opportunities driven by regulatory changes and demographic shifts.

By

Olivia Hurley

Rie Kimoto

event July 2025

4 min

Article

2026-06-30

Still opportunities in European equities? Positioning is key

Macro Strategist Nicolas Wylenzek revisits the case for European equities and discusses why positioning can help optimise exposure to Europe’s accelerating regime change.

By

event July 2025

5 min

Article

2026-07-31

10 reasons why China could be the next rerating story

Portfolio Manager Bo Meunier, Investment Director Irmak Surenkok and Investment Specialist Gilbert Chen set out 10 reasons why China could be the next rerating story to watch.

Multiple authors

event June 2025

6 min

Article

2026-06-30

FOMC: Patiently waiting to ease

Jeremy Forster discusses the Fed's steady policy rates, inflation forecasts, and potential interest rate cuts amidst economic uncertainties.

By

event June 2025

4 min

Article

2026-08-01

Beyond US exceptionalism: where now for equities?

It might feel like the narrative of US exceptionalism has only been questioned in recent months — particularly in the wake of Liberation Day — but we see Trump’s tariff announcements as the clearest signal yet of a shift that has already been underway for nearly a decade.

By

Andrew Heiskell

event June 2025

6 min

Article

2026-06-30

New regime, new reality: Time to adapt?

Explore our latest views on risks and opportunities across the global capital markets.

event June 2025

Article

2026-06-30

Europe: Fertile ground for long/short alpha opportunities

Dirk Enderlein, Eoin O’Callaghan, and Boris Kergall, explore European equity opportunities from a long/short perspective against a backdrop of volatile markets and structural growth shifts.

Multiple authors

event May 2025

6 min

Article

2026-06-01

Europe: a good hunting ground for high yield?

With attractive yields and a low duration profile, high yield can present potentially compelling opportunities for investors, despite the continued volatility.

By

Konstantin Leidman, CFA

Jennifer Martin, CFA

event May 2025

7 min

Article

2026-05-31

Four investment perspectives on Trump’s first 100 days

Four of our experts across fixed income and equity share their asset-class level insights on the first 100 days of the current Trump administration and analyze the implications for investors.

Multiple authors

event April 2025

5 min

Article

2026-04-30

European Union flags waiving at Berlaymont building of the European Commission in Brussels, Belgium

Fiscal versus tariffs: what wins out for Europe?

Just as investors were starting to explore the potential for growth in Europe, Trump’s tariffs landed. To what extent is the case for Europe still intact?

By

event April 2025

3 min

Article

2026-04-30

How China can offset the tariff shock

Macro Strategist Johnny Yu details the approaches Beijing could take to offset the tariff shock, from fiscal strategies to potential retaliatory measures to concessions that Washington may welcome.

By

Johnny Yu, CFA

event April 2025

7 min

Article

2026-04-15

Sacrificing stocks on the altar of trade

Brij Khurana discusses the Trump administration's new stance on trade and its impact on the US economy, global markets and asset prices.

By

event April 2025

5 min

Article

2026-04-30

Early thoughts on historic hike in US tariffs

Macro Strategist Michael Medeiros explores the significant economic and market implications of the latest US tariffs, highlighting potential recession and inflation spikes, and the impact on global trade relations.

By

event April 2025

4 min

Article

2026-05-31

Could “Liberation Day” trigger a shift in capital flows?

John Butler discusses groundbreaking US tariffs, their impact on capital flows, and the changing investor perception of the US and Europe.

By

event April 2025

3 min

Article

2026-05-31

European flag waving at the arch of Jubel Park in Brussels,Belgium

The changing face of Europe: regime change gathers pace

Macro Strategist Nicolas Wylenzek explores the drivers of Europe’s accelerating regime change and its impact on European equity markets and potential areas of opportunity.

By

event April 2025

8 min

Article

2026-03-31

The impact of LMEs on high-yield, leveraged-loan, and CLO markets

Emily Shanks, Jeff Heuer, and Alyssa Irving explore the impact of liability management exercises on high-yield, leveraged-loan, and CLO markets.

Multiple authors

event March 2025

7 min

Article

2026-04-01

The power of local perspective: the rewards of a contrarian approach to European equities

Portfolio Manager Tom Horsey and Investment Director Thomas Kramer explain why they see compelling opportunities in today's European equity market for contrarian, bottom-up investors.

By

Thomas Horsey

Thomas Kramer

event March 2025

4 min

Article

2026-03-31

Shrinking the government footprint: Medicaid cuts and America’s economic health

Macro Strategist Juhi Dhawan looks at what changes to the mammoth US Medicaid program could mean for economic growth, employment, inflation, and financial markets.

By

event March 2025

8 min

Article

2026-03-31

Chart in Focus: how sustainable is Europe’s rally?

Is the recent rally in European equities sustainable? In this edition of our Chart in Focus series, we explore the potential path ahead.

Multiple authors

event March 2025

4 min

Infographic

2026-03-31

Shrinking the government footprint: Deregulation and the US economy

Macro Strategist Juhi Dhawan shares her view on the economic effects of the Trump administration’s efforts to slash red tape, including the impact on growth and inflation, as well as some of the potential drawbacks of this approach.

By

event March 2025

5 min

Article

2026-03-31

Deutschland, Berlin, Blick vom Marie-Elisabeth-Lüders Haus über die Spree auf den Reichstag und Paul-Löbe-Haus bei Sonnenuntergang

A pivotal election result for Germany and Europe

Macro Strategists Eoin O’Callaghan and Nicolas Wylenzek share their initial observations on what the pivotal Federal election results in Germany could mean for investors.

By

event February 2025

5 min

Article

2026-02-28

US debt dynamics: Is there a path to sustainability?

How worried should investors be about US debt sustainability? Macro Strategist Michael Medeiros discusses the implications of soaring US federal budget deficits and the likely bond market response.

By

event February 2025

5 min

Article

2026-02-28

Time for credit selection to shine

Fixed income investors continue to seek answers to an era of volatile rates. Large, static exposures to credit markets no longer cut it. Instead, a nimble and dynamic approach is more likely to create resilient and consistent total return outcomes.

By

event February 2025

5 min

Article

2026-02-28

Setting the stage for small caps in 2025

Our small-cap equity experts discuss valuation, market cycles, economic conditions, and sector diversification, profiling the potential of small-cap equities in 2025.

Multiple authors

event February 2025

4 min

Article

2026-02-28

Wiring the future: Emerging tech for the transmission-grid build-out

Learn how our climate technology investment team is researching private market opportunities in high-capacity conductors and other energy grid-tech innovations.

By

Greg Wasserman, CFA

Jenny Xie

event February 2025

7 min

Article

2026-02-28

active-views-event-hero-page-banner-image

Beyond US exceptionalism: what’s next for equity markets?

Macro Strategist Nick Wylenzek shares his insights on what could be an eventful year for equities and explores why Europe and the UK could defy current gloomy investor sentiment.

By

Will Lockhart

event February 2025

25 min

Event replay

2026-02-28

Deeply seeking the impact of AI spending on bond yields

Brij Khurana explores the surprising way in which AI spending may impact Treasury yields and complicate the Fed's rate-policy decisions.

By

event February 2025

6 min

Article

2026-02-28

Top five fixed income ideas for European investors

Investment Directors Tobias Ripka and Marco Giordano share their top five fixed income ideas for European investors in 2025.

By

Tobias Ripka, CFA, CFA

event February 2025

4 min

Article

2026-02-28

Sitting in the slack tide of US fiscal stimulus

Portfolio Manager Connor Fitzgerald profiles the risks of the Trump administration's policies around spending cut, tariffs, and immigration, and analyzes potential effects on US growth.

By

event February 2025

5 min

Article

2026-02-28

The US immigration crackdown: Weighing the economic implications

As the details of new US immigration policies come into focus, Macro Strategist Juhi Dhawan considers the risks they may pose for the labor market and the broader economy.

By

event February 2025

7 min

Article

2026-02-28

Emerging markets under Trump 2.0: expect the unexpected

Portfolio Manager Dáire Dunne and Investment Director Irmak Surenkok discuss what Trump 2.0 entails for emerging markets investors and what useful lessons they can learn from his first term.

By

Dáire Dunne, CFA

Irmak Surenkok

event January 2025

5 min

Article

2026-01-31

Fed in holding pattern

Fixed Income Portfolio Manager Jeremy Forster unpacks the US Federal Reserve's decision to pause its interest-rate-cutting cycle.

By

event January 2025

3 min

Article

2026-02-28

A detailed view of the earth from space with night lights

Europe amid regime change: where next for European equities?

Is pessimism on Europe overdone? Macro Strategist Nicolas Wylenzek discusses why he believes Europe is in the middle of a regime change with significant opportunities for active equity investors.

By

event January 2025

6 min

Article

2026-02-28

What an “America first” foreign policy may mean for markets

Fixed Income Portfolio Manager Brij Khurana explores the potential market impacts of President Trump's "America first" foreign policy. From regional hegemony to global economic dominance to tariffs applied for strategic geopolitical gain, discover how these shifts could affect investors.

By

event January 2025

6 min

Article

2026-01-31

Fed delivers rate cut, but hawkish 2025 guidance sends yields up

Fixed Income Analyst Caroline Casavant examines the outcome of the December 18 Federal Open Market Committee meeting and the implications for rates, inflation, and real growth.

By

event December 2024

3 min

Article

2025-06-30

What's current in credit: November 2024

Connor Fitzgerald explores the impact of President Trump’s US election victory on credit markets. Where are the opportunities and risks for credit investors now?

By

event December 2024

4 min

Video

2025-12-31

Listening to voters’ economic concerns should mean less fiscal spending

Fixed Income Portfolio Manager Brij Khurana explains the likely economic and market impacts of Trump administration policies, including potential winners and losers from drastic fiscal spending cuts.

By

event November 2024

6 min

Article

2025-11-30

Navigating uncertain policy shifts

Macro Strategist Juhi Dhawan explains why investors should prepare for heightened volatility in 2025, due to significant policy changes under President-elect Trump that will impact inflation, trade, and economic growth.

By

event November 2024

8 min

Article

2025-11-30

Fed stays its course while acknowledging brewing winds of change

Our expert examines the underlying data which drove the Fed to stay its rate-cutting course.

By

event November 2024

4 min

Article

2025-11-30

What do declining European earnings mean for ECB policy?

European companies have been unexpectedly resilient over the last couple of years. However, the outlook for European earnings could be more challenging than headline numbers suggest. What could this mean for investors?

By

event November 2024

6 min

Article

2025-11-30

Are bond investors ready for a US industrial revolution?

Portfolio Manager Connor Fitzgerald discusses why bond investors should ready themselves for a potential US industrial revolution and shares his perspective on how to reposition portfolios for such a scenario.

By

event November 2024

6 min

Article

2025-11-30

It’s different this time: Trump faces challenging geopolitical dynamics

Our expert explores how Trump may approach the heightened geopolitical challenges his second administration faces.

By

event November 2024

3 min

Article

2025-11-30

Trump win likely to accelerate macro trends already in motion

The US election results could have significant implications for the global economy and markets. To help you understand these changes, US Macro Strategist Mike Medeiros provides a thorough analysis and discusses the potential market impacts.

By

event November 2024

5 min

Article

2025-11-30

What do the US election results mean for investors?

The US election results could have significant implications for the global economy and capital markets. Our panel of experts provides a thorough analysis of what happened and explores potential market impacts.

Multiple authors

event November 2024

Video

2025-11-30

Pre-election ideas for investors: Lean into what you know (not what you don’t)

Our expert offers investable ideas based on known macro and market conditions, rather than speculation.

Multiple authors

event October 2024

3 min

Article

2025-10-31

Geneva, Switzerland skyline view over the river at sunset

The power of local perspective: the long and short of European equity investing

Dirk Enderlein and Boris Kergall explain why, in their view, the structural changes impacting European equity markets offer active long/short investors a rich source of potential return and diversification.

By

Dirk Enderlein, CFA

Boris Kergall, CFA

event October 2024

7 min

Article

2025-10-31

What is “the economic cycle,” anyway?

See why the relationship between asset prices and the economic cycle is more complex than you might think, why a US recession is unlikely, and what a more dovish Fed could mean for the US and global markets.

By

event October 2024

5 min

Article

2025-10-31

Japan’s factory automation sector: Poised for a significant upturn?

Global Industry Analyst Takuma Kamimura explains why he believes we’re on the verge of a multiyear cyclical upturn in the factory automation sector and why he sees a compelling outlook for select Japanese companies in particular.

By

Takuma Kamimura

event October 2024

5 min

Article

2025-10-31

What's current in credit?

In this short video series, Fixed Income Portfolio Manager Connor Fitzgerald takes a look at what's current in credit. Given rather tight credit spread valuations, what is Connor's outlook for the next twelve months and where are the opportunities and risks now?

By

Nick Samouilhan, PhD, CFA, FRM

event October 2024

5 min

Video

2025-10-31

Securitized credit: Normalizing, decelerating, or falling off a cliff?

Our experts offer their views on the current conditions and outlook for the securitized credit market.

Multiple authors

event October 2024

4 min

Article

2025-10-31

Designing an executive compensation program: Five best practices for private companies

Our Value Creation Team highlights best practices for creating effective executive compensation programs for private companies approaching IPO.

Multiple authors

event October 2024

6 min

Article

2025-10-31

An active investor’s guide to growth equities

Our experts offer their view on the current economic environment, explore best practices for investing in high-quality growth equities, and highlight where they see opportunity now.

Multiple authors

event September 2024

6 min

Article

2025-09-30

Chart in Focus: The need to differentiate market growth from macro growth

Macro growth and earnings growth have been misaligned for the last 15 years, particularly in the US and China, but in opposite directions. For equity investors, what would be the key to identify real growth?

By

event September 2024

3 min

Infographic

2025-09-30

Rate relief: Fed cuts half point, but says “economy is strong”

Our expert explains the Fed's bold rate cut and some key takeaways for investors.

By

event September 2024

3 min

Article

2025-09-30

The real issue on rate cuts? Keep your eyes on the dot (plot)

Keep your eyes on the Fed's 2025 dot plot. The real story is where policy rates are headed, not just the next rate cut.

By

event September 2024

3 min

Article

2025-09-30

The US elections through the eyes of a European investor

Supriya Menon, Head of Multi-Asset Strategy – EMEA, explores what potentially material implications upcoming US elections could have for European investors and identifies key areas to monitor closely.

By

Supriya Menon

event September 2024

7 min

Article

2025-09-30

What the yen carry trade unwind could mean for markets and the Fed

Brij Khurana explains why market participants are likely underestimating how foreign ownership of US assets could constrain the pace and magnitude of the Fed’s cutting cycle.

By

event September 2024

7 min

Article

2025-09-30

Business People Analyzing Wooden Samples

The investment implications of Europe’s ageing workforce

What are the investment implications of Europe’s ageing workforce? Macro Strategist Nicolas Wylenzek explores the drivers of this accelerating demographic shift, Europe’s likely response and the opportunities it creates for investors.

By

event September 2024

6 min

Article

2025-10-31

Four investment perspectives amid a pivotal US election

How can investors reposition portfolios for a pivotal but highly unpredictable US elections? Nick Samouilhan explores potential avenues in conversation with three leading portfolio managers.

Multiple authors

event September 2024

6 min

Article

2025-09-30

Time to capitalise on the evolving role of bonds?

We outline why we think the new economic era is elevating the role of bonds as a source of attractive and stable income, downside protection and portfolio diversification.

By

Elisabeth Perenick, FSA, CFA

event September 2024

2 min

Article

2025-09-30

Japan’s tech sector: Time for a reboot?

Japan's semiconductor industry has revived global interest in Japan's tech ecosystem. But we believe the dynamism of Japan's tech sector today doesn't start and end with electronics and semiconductors.

By

Yash Patodia

Brian Yeong

event August 2024

3 min

Article

2025-09-30

Private placements: A primer for corporate DB plans preparing to derisk

With many corporate DB plans exploring derisking opportunities, Portfolio Manager Elisabeth Perenick and Multi-Asset Strategist Amy Trainor discuss the potential role that private investment-grade credit, or private placements, could play and consider common questions about liquidity and allocation sizing.

By

Amy Trainor, FSA

event August 2024

9 min

Article

2025-08-31

Asia’s evolving venture capital market

What's next for Asian venture capital? After a decade of growth, we explore key questions and best practices for VC investors and private companies in the region.

By

Prakhar Singh

Mark Watson

event August 2024

6 min

Article

2025-08-31

The power of local perspective: where next for European banks?

Global Industry Analyst Thibault Nardin explores how monetary policy divergence, technological disruption and sector consolidation are reshaping European banks, while creating potentially compelling opportunities for active investors.

By

Thibault Nardin

event August 2024

7 min

Article

2025-08-31

Harris vs Trump: The foreign policy and investment implications

Our expert examines expected Harris and Trump foreign policies and their potential impact on the investment landscape.

By

event August 2024

4 min

Article

2025-02-28

Still waiting…Fed wants more data before cutting policy rates

Our expert dives into Fed policy following the July FMOC meeting.

By

event August 2024

3 min

Article

2024-10-31

Does the US election even matter? Thoughts on politics, Fed policy, and portfolios

What's next for interest rates and what impact will the US election have? Head of Multi-Asset Strategy Adam Berger and Macro Strategist Mike Medeiros share their outlook and discuss the asset allocation implications.

By

Adam Berger, CFA

event July 2024

9 min

Article

2025-06-30

Are US election probabilities now a critical driver of bond yields?

Our expert argues that the US election remains a critical catalyst for the bond market given the contrast between both parties as it relates to supply side policies such as trade and immigration, and to policy differences around taxation and regulation.

By

event July 2024

3 min

Article

2024-11-30

European elections: all change for equity investors?

Macro Strategist Nicolas Wylenzek discusses how the elections for the European Parliament could herald significant change, with major implications for European equity investors.

By

Nick Samouilhan, PhD, CFA, FRM

event July 2024

4 min

Article

2025-05-07

Chart in Focus: Broadening earnings growth signals healthy US equity market

Over the past year, the markets have seen the companies best poised to harness and benefit from new innovations within artificial intelligence rewarded accordingly. Can this signal more upside for the entire US equity market?

By

event July 2024

3 min

Infographic

2025-07-31

Surprise French election result: what does it mean for investors?

Macro Strategist Nick Wylenzek and Investment Director Thomas Kramer discuss the surprise French election and its implications for European equities.

By

Thomas Kramer

event July 2024

4 min

Article

2025-07-31

Ok, Boomer: How US generational wealth distribution could upend the economy and markets

Fixed Income Portfolio Manager Brij Khurana discusses the implications of US Baby Boomers' wealth concentration in the event of a market decline.

By

event July 2024

5 min

Article

2025-06-30

Disappearing unicorns: The importance of capital efficiency in a higher-for-longer rate environment

Members of our late-state growth equity team share their views on the impact of interest rates on venture capital activity — including the ability of companies to reach “unicorns” status.

By

William Craig

Mark Watson

event July 2024

8 min

Whitepaper

2025-07-31

Has the European credit cycle been extended?

2024 has kept fixed income investors busy. Yet, despite lingering inflation and rate volatility, European credit markets have remained strong. Are we looking at an extended credit cycle? And if so, what does this mean for investors?

By

Derek Hynes

Will Prentis

event June 2024

8 min

Article

2025-06-30

Governments have been slow to reduce their fiscal deficits — it could cost them

Our expert explores the investment implications of continued excessive deficit spending by G7 countries.

By

event June 2024

4 min

Article

2025-06-30

The revenge of the monetarists

Fixed Income Portfolio Manager Brij Khurana makes the case for a monetarist explanation for moderating inflation.

By

event June 2024

5 min

Article

2025-06-30

As India goes to the polls, is the case for Indian equities still compelling?

While current Prime Minister Narendra Modi is expected to secure a third term, a full-scale win is not a foregone conclusion. Against this backdrop and continued investor enthusiasm for Indian equities, Equity Portfolio Manager Niraj Bhagwat and Investment Director Philip Brooks assess the macro case for India. Are higher valuations justified?

By

Niraj Bhagwat

event May 2024

6 min

Article

2025-06-30

Powell back to waiting on inflation data

Our expert's key takeaways from the May FOMC meeting.

By

event May 2024

2 min

Article

2025-05-31

Impact investing in emerging markets: Growing opportunities, shifting challenges

Members of our impact bond team discuss their evolving emerging markets opportunity set and the importance of a bottom-up approach to value creation.

Multiple authors

event April 2024

6 min

Article

2025-04-30

The Fed’s lessons learned from its COVID response

Fixed Income Portfolio Manager Brij Khurana breaks down the central bank's policy decisions during the pandemic and explains how they continue to affect financial markets.

By

event April 2024

6 min

Article

2025-04-30

Japan equity: Reason to believe

Our expert argues that corporate governance reform and the Japanese economy's escape from persistent deflation have laid the groundwork for a sustainable equity rally.

By

Toshiki Izumi, CFA, CMA

event April 2024

4 min

Article

2025-04-30

Biden 2.0: National security and investment themes

The geopolitical and investment implications of a potential second Biden term.

By

event April 2024

5 min

Article

2025-04-30

The immigration surge: Political challenge, economic blessing?

Macro Strategist Juhi Dhawan considers the impact of rising immigration, a top issue in this year's US elections, on growth, interest rates, and the labor market.

By

event April 2024

4 min

Article

2025-04-30

FOMC: Stable policy amid market volatility

The Fed is holding steady amid market turmoil. See our quick notes on the FOMC's March policy statement, forecasts, and the Fed chair's press conference.

By

event March 2024

Quick Take

2025-03-31

Will proposed corporate governance reforms help to narrow the “Korea discount”?

Could South Korea's Corporate Value-up Program help to narrow the so-called “Korea discount” and build on the momentum gathering pace elsewhere across Asia to improve corporate governance and shareholder returns?

By

Soo Ho Jung

David Palmisano

event March 2024

Quick Take

2025-03-31

Agency MBS key questions for 2024

Is there room for mortgage spreads to tighten further? Brian Conroy and Joseph Marvan examine this and seven other questions that will be significant for the agency MBS market in 2024.

By

Brian Conroy, CFA

Joseph Marvan, CFA

event March 2024

Quick Take

2025-03-31

Key factors to monitor in European equities

Macro Strategist Nicolas Wylenzek assesses the longer-term prospects of European equity markets through the prism of five key factors.

By

event March 2024

Article

2025-03-31

No bulls in the China shop?

John Mullins, Irmak Surenkok and Steven Ye assess the investment debate surrounding China's prolonged underperformance and outline three investment ideas for active investors to consider.

Multiple authors

event March 2024

Article

2025-03-31

The Trump/Biden rematch: Market implications of unprecedented policy divergence

Macro Strategist Juhi Dhawan discusses six key areas of policy debate in this year's US election that she expects will matter most to markets, from the tax and spending plans to trade and geopolitics.

By

event March 2024

Article

2025-03-31

Is the US economy really that different since COVID?

US economists have been touting the resilience of the post-COVID economic rebound. Brij Khurana dissects several key economic indicators to see what's really changed since 2019.

By

event March 2024

Article

2025-03-31

Too much focus on Fed, not enough on fiscal

Current US fiscal and monetary policy stances argue for risk taking in fixed income.

By

event February 2024

Article

2025-02-07

Top 5 fixed income ideas for 2024

With central banks set to pivot to accommodative policy, and elevated yields still prevailing, we think fixed income offers compelling opportunities. Here we share our top five ideas.

By

Amar Reganti

Adam Norman

event February 2024

Quick Take

2025-02-28

Emerging markets debt: resilience in the face of adversity

Our expert discusses why she is positive on the outlook for emerging markets debt, even though growth will likely slow.

By

event January 2024

Quick Take

2025-01-31

The shifting liquidity landscape: What’s at stake?

The beginning of the end could be in sight for the Federal Reserve’s quantitative tightening (QT) program. US Macro Strategist Juhi Dhawan considers the Fed's next steps and what they could mean for banks, liquidity, and markets broadly.

By

event January 2024

Quick Take

2025-01-31

Bizarro World: Could 2024 be the opposite of 2023?

Fixed Income Portfolio Manager Brij Khurana details the dynamics that may upend investor expectations of a repeat of 2023 this year.

By

event January 2024

Quick Take

2025-01-17

Why structural change in Germany may impact investors globally

Macro Strategists John Butler and Eoin O’Callaghan discuss why they believe the structural changes currently underway in Germany will impact investors globally.

By

event January 2024

Article

2025-01-31

Will a “Goldilocks” economy be just right for equity markets?

We provide an outlook on the ongoing shift to new investment regime, and the market segments that we expect will most heavily influence global equity performance in the coming year.

By

Andrew Heiskell

event December 2023

Article

2024-12-31

What route is right in emerging markets investing?

How can investors find the most compelling opportunities within emerging market equities? Simon Henry and Dáire Dunne explain why they think targeting the economic development opportunity may provide a roadmap for success.

By

Simon Henry, CFA

Dáire Dunne, CFA

event December 2023

Article

2024-12-15

Fed’s projections yielded mixed results this year — what’s in store for 2024?

Our Fed watcher opines on 2023 policy and looks ahead to 2024.

By

event December 2023

Quick Take

2024-12-14

China’s growing self-reliance could bolster its equity market

Our expert, Philip Brooks, finds reasons for optimism in China's equity market.

By

event December 2023

Quick Take

2024-12-06

Should investors prepare for a rate hike in Japan?

Investment Directors Marco Giordano and Masahiko Loo discuss why a rate rise in Japan may occur sooner than markets expect.

By

Masahiko Loo

event December 2023

Quick Take

2024-12-04

Full speed ahead: China’s race to implement AI

Our experts examine market implications of China's AI expedition.

By

Yash Patodia

Terry Chen

event November 2023

Quick Take

2024-11-29

Beyond China: what does the rest of the EM equity world have to offer?

For investors contemplating a separate allocation to EM ex-China equities, members of our iStrat Team share their research on the composition of the opportunity set, the growing divergence in the behavior of EM ex-China equities and Chinese equities, and the long-term market outlook.

By

Supriya Menon

event November 2023

Article

2025-11-30

How geopolitics and the energy transition may reshape global trade

We explore the potential near- and longer-term market effects of deteriorating US/China relations, coupled with the shift toward a low-carbon economy.

By

event November 2023

Article

2024-11-30

2024: A year of intensifying macro regime change?

John Butler and Eoin O’Callaghan explore why 2024 could be a year of intensifying macro regime change and what it means for investors.

By

event November 2023

Article

2024-11-30

China fixed income: Dislocations create opportunities in this large and diverse market

Hear from our experts as they uncover new fixed income opportunities in China.

Multiple authors

event November 2023

Article

2024-11-28

Look below the surface: A contrarian view on China equities

Equity expert, Ben Chen, dives into China's murky investment landscape.

By

Ben Chen

event November 2023

Quick Take

2024-11-28

Getting Real: China looks beyond real estate for economic success

Our experts explore signs of an improving macro picture in China.

By

Johnny Yu, CFA

Han Sia Yeo

event November 2023

Article

2024-11-27

Have the Fed’s recent comments just provided a tailwind for agency MBS?

Fixed Income Portfolio Manager Brij Khurana explains why the market may be missing an important nuance in the Fed's focus on financial conditions.

By

event November 2023

Article

2024-11-21

Securitized debt: Strategies for navigating emerging cracks in consumers’ financial health

Our expert highlights reasons for deteriorating consumer financial health and explores strategies for mitigating risk in securitized asset-backed securities.

By

Kyra Fecteau, CFA

event November 2023

Quick Take

2024-11-20

The great central bank balancing act

Marco Giordano examines the difficult balancing act that central banks around the world are seeking to perform and its likely implications for investors.

By

event November 2023

Article

2024-11-30

The “cleanest dirty shirt” now has too many stains

Fixed Income Portfolio Manager posits that US fiscal profligacy will change the game for asset allocators.

By

event September 2023

Quick Take

2024-09-28

Shareholder activism in Japan: Integrating ESG within the investment process

In the final article within our series on shareholder activism in Japan, ESG Analyst Soo Ho Jung shares how the Japan equity team integrates ESG to help realize value for investors.

By

Soo Ho Jung

event September 2023

Quick Take

2024-09-26

Long/short investing in European equities' growing dispersion

We explore how growing dispersion in European equity markets is driving opportunities for long/short investors, fueled by structurally higher inflation, changing market leadership, and a renewed focus on valuation.

By

Dirk Enderlein, CFA

event September 2023

Article

2024-09-30

Fed not yet willing to declare victory on inflation

We think the Fed is done raising rates for this cycle, despite the likelihood that they are being overly optimistic about inflation. Read to find out why.

By

event September 2023

Quick Take

2024-09-21

US debt-ceiling risk: Justifiable jitters?

With markets on high alert around the US debt-ceiling standoff, Macro Strategist Juhi Dhawan lays out some possible paths forward and weighs the economic risks.

By

event March 2023

Quick Take

2024-02-29

European equities: a complex story

Macro Strategist Nicolas Wylenzek examines the complex prospects of European equities from both a near-term and structural perspective.

By

event February 2023

Quick Take

2024-02-29

Debt and dysfunction in Washington: The US hits the ceiling (again)

Global Investment Strategist Nanette Abuhoff Jacobson talks to Macro Strategist Mike Medeiros about the US debt-ceiling showdown and considers its potential investment implications.

By

Nanette Abuhoff Jacobson

event February 2023

Quick Take

2024-02-29

February Fed meeting: Chair Powell strikes a more optimistic tone

The Fed just might still be able to engineer the hoped-for "soft landing" but it's not going to be easy, says Fixed Income Analyst Caroline Casavant.

By

event February 2023

Quick Take

2023-09-30

Could Japan face a UK-style pension crisis?

Investment Director Masahiko Loo explores the risks of Japan facing a UK-style pension crisis and identifies fundamental reasons that make Japanese pension funds inherently less vulnerable.

By

Masahiko Loo

event January 2023

Quick Take

2024-01-31

china economy poised to exceed expectations in 2023

China equity in 2023: Year of the stock picker

Despite the potential risks of investing in China equity, Equity Portfolio Manager Bo Meunier believes there are attractive opportunities for patient, discerning stock pickers.

By

Bo Meunier, CFA

event December 2022

Article

2023-12-31

Currency outlook: Nearing the end of USD exceptionalism?

Fixed Income Portfolio Manager Martin Harvey and Investment Communications Manager Jitu Naidu consider the present state of and outlook for the US dollar.

By

Jitu Naidu

Martin Harvey, CFA

event December 2022

Quick Take

2023-12-31

The Fed’s unenviable task for 2023

Fixed Income Portfolio Manager Jeremy Forster offers his forward-looking take on the Fed's comments and latest rate hike coming out of its December meeting.

By

event December 2022

Quick Take

2023-12-31

China’s economy: Poised to exceed expectations in 2023

With the bar set so low for China's economy, Macro Strategist Santiago Millan thinks it won't take much for an upside surprise in 2023.

By

event December 2022

Article

2023-12-31

Why Europe could surprise in 2023

Eoin O’Callaghan and John Butler discuss the contrasting prospects of the Euro Area and the UK and why 2023 could bring positive surprises in the region.

By

event December 2022

Article

2023-12-31

A new blueprint for US trade: Building a more resilient, sustainable, and competitive economy

Macro Strategist Juhi Dhawan explains how the Biden administration is reshaping US trade policy to reflect today's global realities, including supply-chain challenges, decarbonization, and geopolitical turmoil.

By

Christopher Goolgasian, CFA, CPA, CAIA

event December 2022

Quick Take

2023-12-31

unique-perspectives-konstantin-leidman-0234-720x660

How to find potential in volatile European high-yield markets?

Fixed Income Portfolio Manager Konstantin Leidman discusses why European high-yield investors need to be ready for both further volatility and the emergence of new opportunities.

By

Konstantin Leidman, CFA

event December 2022

Article

2023-12-31

Biodiversity: Why investors should take note

With scientists now broadly agreeing on the risks posed by accelerating biodiversity loss, Chris Goolgasian and Jenny Xie assess implications for investors and steps they can take.

By

Jenny Xie

event November 2022

Article

2023-12-31

2023: The year of disinflation for the US economy

In the coming year, US Macro Strategist Juhi Dhawan expects to see inflation begin to decline, the economy adjust to higher interest rates, and labor markets feel the pain of restrictive Fed policy.

By

event November 2022

Article

2023-12-31

By design and by default: Industry consolidation gathers steam across India

Equity Portfolio Manager Murali Srikantaiai sees increased industry consolidation in India as a largely positive trend from which some equity investors can (and should) seek to benefit.

By

Murali Srikantaiah

event November 2022

Quick Take

2023-11-30

EM equity in 2023: Will the longest bear market in history continue?

We explore three key considerations for EM investors in today’s challenging environment and highlight potential winners and losers in 2023.

By

Jamie Rice, CFA

event November 2022

Article

2023-12-31

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

event November 2022

Article

2023-12-31

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

event November 2022

Quick Take

2023-01-31

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 November 2022

Quick Take

2023-01-31

India equity: An unsung long-term performance story

Despite strong long-term performance, Indian equities are often overlooked. That may be a mistake, say Equity Portfolio Manager Niraj Bhagwat and Investment Director Philip Brooks.

By

Niraj Bhagwat

event October 2022

Quick Take

2023-10-31

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 October 2022

Quick Take

2023-01-31

China equity: Is today's investor pessimism overdone?

The short answer is yes, say Equity Portfolio Manager Niraj Bhagwat and Investment Director Philip Brooks, who believe China may offer a short-term buying opportunity.

By

Niraj Bhagwat

event October 2022

Quick Take

2023-10-31

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 October 2022

Article

2022-12-30

Wind at their backs: What the IRA means for clean energy industries

Members of our energy and utilities teams break down the range of impacts of the US Inflation Reduction Act on companies in their sectors.

Multiple authors

event October 2022

Article

2023-09-30

Return-seeking portfolio construction: Renovations for a new market regime

Amid major shifts in economic and market conditions, members of our LDI Team offer their latest views on return-seeking assets, including the role of defensive and diversifying strategies.

Multiple authors

event October 2022

Article

2023-09-30

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 October 2022

Quick Take

2023-01-31

UK in the eye of the storm: which countries might be next?

Macro Strategist John Butler provides his latest take on what's happening in the UK and its broader global implications.

By

event September 2022

Article

2022-12-31

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 September 2022

Quick Take

2022-12-31

A lesson in climate resilience: Why China’s recent heat wave wasn’t worse

See why Hong Kong-based Macro Strategist Santiago Millán believes China's investments in climate resilience can be a lesson for the rest of the world.

By

event September 2022

Article

2023-09-30

India: Growth drivers are in place

Following a recent visit to India, Macro Strategist Tushar Poddar shares his take on the country's changing macro environment and its equity market.

By

Tushar Poddar, PhD

event September 2022

Quick Take

2023-09-30

Germany: Reducing Russian energy dependence in a hurry

Macro Strategist Juhi Dhawan sees Germany continuing to embrace the transition to renewables while also working to diversify its sources of fossil fuels.

By

event September 2022

Quick Take

2022-12-30

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

event September 2022

Article

2023-09-30

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 September 2022

Quick Take

2022-11-30

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 September 2022

Quick Take

2023-09-30

US/China relations: What next after Pelosi’s visit to Taiwan?

Geopolitical Strategist Thomas Mucha assesses the escalating tension in US/China relations following US Speaker Nancy Pelosi's visit to Taiwan.

By

event August 2022

Quick Take

2022-11-30

Why collective investment trusts are gaining traction within DC plans

Growing interest in CITs within the DC space is being driven by lower fees and other benefits — a trend our DC team expects to continue.

Multiple authors

event August 2022

Article

2023-08-31

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 August 2022

Quick Take

2022-11-30

a shiftting macro landscape qe china and europe

A shifting macro landscape: QE, China, and Europe

We explore the changing macro environment, highlighting the investment implications of the end of quantitative easing programs, the state of the Chinese cycle, and an evolving outlook on Europe.

By

Mark Sullivan, CFA, CMT

event August 2022

Article

2023-08-31

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 August 2022

Article

2023-08-31

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, CFA

Will Prentis

event August 2022

Quick Take

2022-12-31

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 August 2022

Quick Take

2022-11-30

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

Nanette Abuhoff Jacobson

event August 2022

Quick Take

2022-10-31

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

event July 2022

Article

2023-07-05

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

event July 2022

Quick Take

2022-10-31

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 July 2022

Article

2023-07-31

Credit investing against a slower-growth, higher-inflation backdrop

The significant flattening of the US Treasury yield curve in recent months has some prognosticators calling for an impending US recession. Not so fast, says Fixed Income Portfolio Manager Rob Burn.

By

Rob Burn, CFA

event July 2022

Quick Take

2022-07-31

US housing: There’s no place like home

While US housing activity is slowing, positive fundamentals and favorable supply/demand dynamics may continue to support the sector.

By

Daniel Kim

event June 2022

Quick Take

2022-10-31

How the Russia/Ukraine conflict has galvanized the West

Geopolitical Strategist Thomas Mucha provides his latest insights on the Russia/Ukraine conflict, particularly with regard to its significant and potentially enduring impact on US/EU relations.

By

event May 2022

Quick Take

2022-08-30

Six reasons India may be on the cusp of a major upcycle

Numerous positive structural and cyclical factors are pointing towards a major economic upcycle in India over the next five to six years, in our view, creating a range of potential investment opportunities. We believe India’s market is supported by an evolving investment universe, powerful demographic trends, increasing urbanisation and rising wealth, export growth, geopolitical tailwinds and a supportive policy regime. These factors are coalescing at a time when the corporate deleveraging cycle of the last few years is coming to an end and a new upcycle in profitability could be beginning.

By

Pasquale Pontoriero, CFTC

event May 2022

Quick Take

2022-12-30

Will Japanese buyers look beyond USD fixed income? They may have to

With the US Federal Reserve’s (Fed’s) interest-rate-hiking cycle now underway, it’s an important time to keep a close eye on non-US buyers of US dollar (USD) fixed income securities.

By

Amar Reganti

event May 2022

Quick Take

2022-07-31

Global credit: Where do we go from here?

Fixed Income Portfolio Manager Mahmoud El-Shaer explores why 2022 may be a momentous year for global credit and sets out a framework to think through potential investment implications. 2022 promises to be another challenging year for central banks as they attempt to normalise policies in the face of surging inflation, while navigating the growing fallout from Russia’s invasion of Ukraine. Since 2009, there has essentially been one trade in capital markets: riding a huge wave of central bank liquidity in support of the financial system and the economy, with the G4 central banks alone pumping approximately US$20 trillion into the system via quantitative easing (QE).

By

Mahmoud El-Shaer, CFA

Annabel Gray

event April 2022

Quick Take

2022-07-31

What does the Ukraine invasion mean for China?

Macro Strategist Santiago Millán argues that the scale and breadth of the sanctions on Russia have increased the uncertainty of investing in China across multiple dimensions. He explores the continued decoupling of China and the West.

By

event March 2022

Article

2022-06-30

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 March 2022

Article

2023-03-31

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

event March 2022

Article

2023-03-31

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

Adam Berger, CFA

event March 2022

Article

2023-02-28

Commodities investing amid the Russia/Ukraine conflict

We explore how the tragic conflict between Russia and Ukraine impacts commodities markets broadly and a few key commodities in particular.

By

Joy Perry

event March 2022

Article

2023-02-28

insight-russias-invasion-of-ukraine-105675781-1500x410

How will Russia’s invasion of Ukraine transform the euro area? Four potential paths

As the tragedy in Ukraine unfolds, Macro Strategist John Butler assesses possible implications of the conflict for Europe and the euro area. He outlines four potential paths.

By

event March 2022

Article

2022-06-30

China in 2022: Embracing the volatility

China’s new antitrust, data privacy and cybersecurity regulations, combined with its education and real estate industry reforms, the continued impact of COVID-19 and rising geopolitical tensions, drove a tumultuous investment environment last year. The country’s numerous headline-grabbing changes spurred global concern given the philosophical shift towards “Common Prosperity” and the sheer scale and speed of policymaking.

By

Bo Meunier, CFA

Graham Proud

event March 2022

Quick Take

2022-08-31

Russia/Ukraine and the commodity challenge

With commodity inventories at multi-decade lows, is rising cross-asset class volatility all but inevitable? Leveraging insights from Wellington colleagues, Thematic Strategist Trevor Noren argues that the Russia/Ukraine crisis demonstrates why the answer is likely yes.

By

Trevor Noren

event March 2022

Article

2023-03-31

Geopolitical observations on Ukraine

Geopolitical Strategist Thomas Mucha integrates his observations with those of his senior-level military, intelligence and diplomatic contacts to offer insights on the potential consequences of Russia’s invasion of Ukraine.

By

event March 2022

Article

2023-03-31

How might equity sectors fare when Fed tightening begins?

We look back at how US equities have performed in the months following the beginning of a tightening cycle, as well as how bond yields have tended to behave.

By

event March 2022

Quick Take

2022-05-31

An inside look at today’s municipal market

After a year in which municipal bonds posted respectable returns (Figure 1), many clients have been seeking forward-looking guidance on the market as a whole and (increasingly) on particular sectors of it. Here are my latest thoughts as of this writing on the outlook for the rest of 2022.

By

Tim Haney, CFA

event March 2022

Quick Take

2022-05-31

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 February 2022

Quick Take

2022-09-30

Navigating a new tomorrow

In this video, Wellington investment professionals and prominent guests articulate the structural risks and opportunities that we believe will shape tomorrow’s investment strategies, ranging from medical innovation spurred by the global pandemic to technological breakthroughs, and ideas aimed at curbing or mitigating climate risk.

By

Multiple speakers

event February 2022

Event replay

2023-01-31

Amid heightened regulation and geopolitical tension, is China still investable?

Recent regulatory announcements have sent shivers through a wide swath of China’s economy, including the technology, finance, gaming, and property sectors, and tensions between China and the US continue to simmer. But while I understand the market’s reaction to these risks, I take a long-term perspective on China’s investability.

By

Adam Berger, CFA

event February 2022

Quick Take

2022-05-31

Regime change likely to challenge modern market structures

Recently, I wrote about the rotation from growth to value and why some of my colleagues and I expect volatility, more than a smooth transition of leadership, to define markets. The thesis is rooted in the fact that seismic macro questions loom over markets and are likely to trigger violent fluctuations in investor conviction. Earlier this month, Macro Strategist John Butler dissected one of these questions: Will the negative correlation between stocks and bonds turn positive?

By

Trevor Noren

event February 2022

Quick Take

2022-05-31

Credit and equity performance around Fed hiking cycles

One of the discussion topics du jour is how the credit and equity markets might react to the US Federal Reserve (Fed) interest-rate hikes that are widely anticipated in the coming months. As is often the case with me, I find it helpful here to refer to past hiking regimes and market performances as a sort of guidepost. The proof’s in the pudding To wit, I examined the historical returns of both US credit (for this purpose, proxied by corporate high-yield bonds) and US equities (represented by the S&P 500 Index) during the six months before the first rate increase of a Fed hiking cycle through the 12 months after said increase.

By

Rob Burn, CFA

event February 2022

Quick Take

2022-05-31

Can Ukraine’s economy withstand another conflict with Russia?

Macro Strategist Gillian Edgeworth assesses Ukraine’s outlook in the face of renewed conflict with Russia and finds that under most scenarios Ukraine's macro-economic prospects may be less negative than perhaps is assumed.

By

event February 2022

2023-02-28

1031043360-ukraine-russia-flags-cracked-wall-1024x733

Ukraine crisis: Understanding the broader picture

The tense Ukraine crisis has brought the US-Russia standoff to a head: Now what? Geopolitical Strategist Thomas Mucha argues this is all part of a global geopolitical pattern — “great-power” competition — that makes the Russian threat particularly dangerous. Read more.

By

event February 2022

Article

2023-02-28

The critically important national security implications of biotech

Deepening US policy risks in the biotechnology sector have garnered some well-deserved attention from many of my colleagues lately. Given biotechnology’s potential future importance to US policymakers in the context of the ongoing US-China “great-power” competition, I’d like to share my own thoughts on what’s driving the rising geopolitical risk and national security concerns.

By

Christopher Goolgasian, CFA, CPA, CAIA

event February 2022

Quick Take

2022-04-30

Japan rises to the challenge of climate change

Two of our climate investors explain how Japanese companies are developing innovative solutions to protect society from the effects of climate change.

By

Alan Hsu

event February 2022

Article

2023-02-28

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

event February 2022

Quick Take

2022-04-30

The fish are biting: Exploiting Japan’s inefficient equity market

Our Japanese equity team has shown Japan to be one of the world’s most inefficient markets, making it a good “fishing pond” for alpha-seeking active managers who do their homework and apply a strong investment process.

By

Hideo Ueki, CFA

Megan Kelly, CFA

event December 2021

Quick Take

2021-12-31

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