Macro and Market

Impact Private investing Asia Private companies Macro and market Emerging markets Alternatives Impact investing Event replay

Financial Times Moral Money Summit Asia 2022: Impact investing across public, private and emerging markets

In this replay from the Financial Times 2022 Moral Money Summit Asia, Edwina Matthew discusses key themes in impact investing.

By

Edwina Matthew

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Event replay

2023-10-31

Equity Active management Growth Portfolio construction Volatility Digital transformation Asia advised retail USA Article

Driving growth with quality controls in uncertain markets

Equity Portfolio Manager John Boselli and Investment Director Philip Brooks share their thoughts on where investors can find “quality-driven” growth potential in today's uncertain environment.

By

John Boselli, CFA

Philip Brooks, CFA

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Article

2023-10-31

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

Nanette Abuhoff Jacobson

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Quick Take

2022-12-31

Income Asset allocation Active management Volatility Interest rates Equity Multi-asset Fixed income Asia advised retail Article

The search for income: Three bright spots amid today’s volatility

Amid today’s market volatility, many investors are seeking creative, diversified avenues to generating reliable income. Investment Strategist Michelle Ng weighs in on three asset classes that may fit the bill.

By

Michelle Ng

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Article

2023-09-30

Commodities Energy Carbon emissions Inflation Volatility Asset allocation ESG Climate Event replay

2022 Asia Pacific Investment Forum: The energy complex

What do the rapidly accelerating tensions in the energy and commodity complex mean for investors? Discover three expert insights from our 2022 Asia Investment Forum.

Multiple authors

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Event replay

2023-09-30

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

Adam Berger, CFA

David Chang, CFA

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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

Adam Berger, CFA

Juhi Dhawan, PhD

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Article

2023-07-31

Credit Economic cycle Interest rates Monetary policy Government bonds USA Quick Take

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

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Quick Take

2022-07-31

Outlook Volatility Inflation Income Active management Opportunities and risks Asset allocation Interest rates Digital transformation Carbon emissions Energy Multi-asset Commodities Article

Investing in the second half and beyond: It’s a whole new ballgame

What lies ahead after a painful (and largely unexpected) first half of 2022? Multi-Asset Strategist Nick Samouilhan and Investment Director Andrew Sharp-Paul offer their perspectives on 2H22 outlook and the actionable takeaways respectively.

By

Nick Samouilhan, PhD, CFA, FRM

Andrew Sharp-Paul

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Article

2022-12-31

Active management Volatility Equity Client objective Climate Alternatives Private equity Quick Take

From autopilot to active pilot: How investors can navigate the future

President Steve Klar explains why a broader set of tools may be required to maneuver through higher volatility, changes in market structure, and the explosion in investment data.

By

Steve Klar

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Quick Take

2023-06-30

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

Jeremy Forster

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Quick Take

2023-05-31

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

Juhi Dhawan, PhD

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Quick Take

2023-05-31

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

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Quick Take

Credit Inflation Volatility Monetary policy Quick Take

Bank loans: Resiliency amid volatility

In the face of ongoing geopolitical and macroeconomic uncertainty, including the prospect of steadily rising interest rates, our floating-rate bank loan team maintains a bullish outlook for the sector. Emboldened by a strong US economy and mounting inflationary pressures, the US Federal Reserve (Fed) enacted its first 25 basis-point (bp) increase in interest rates since 2018. Additionally, Fed Chair Jerome Powell’s recent rhetoric has become more hawkish, including suggesting the possibility of a 50 bp rate hike in the coming months. The market is now pricing in the fed funds rate to rise to around 2.5% by the end of 2022 (from its current target of 25-50 bps).

Multiple authors

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Quick Take

2022-07-31

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

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Article

2022-07-31

Cryptocurrency Alternatives Macro and market Opportunities and risks Regulatory Quick Take

Crypto beyond the hype: Insights for institutional investors

We highlight a few practical insights on cryptocurrencies for institutional investors evaluating the asset class, including our views on custody, regulation, and more.

By

Ranjit Ramachandran, CFA

Matt Lipton, CFA

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Quick Take

2022-12-31

Geopolitical Macro and market Multi-asset Equity Europe Article

War and markets: What's the connection?

Amid the geopolitical turmoil and tragic humanitarian fallout of the Russia/Ukraine crisis, many investors are naturally also concerned about the negative effects the escalating conflict could have on their portfolios. With that in mind, I thought I’d provide a quick snapshot of the impacts that past wars have tended to have on asset prices.

By

Owen Lamont, PhD

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Article

2023-03-31

APAC Multi-asset Inflation Geopolitical Volatility Event replay

2022 Asia Investment Forum: Investment strategy in a shifting world

Three megatrends will transform Asia’s investment landscape over the coming year, concur Wellington’s strategist panel.

Multiple authors

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Event replay

2023-03-31

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

Nanette Abuhoff Jacobson

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Article

2023-03-31

Russia Commodities Geopolitical Article

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

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Article

2023-03-31

Russia Geopolitical Multi-asset

Russia/Ukraine conflict: What investors need to know

Russia’s invasion of Ukraine sent shockwaves around the world and has triggered sweeping punitive political and economic policy responses from the US and Europe, with the potential to usher in another cold war era in Russia’s relations with the West. Beyond the tragic humanitarian toll, this watershed event is likely to have profound geopolitical, economic and asset allocation implications. We’ve assembled this collection of timely insights, which we’ll update frequently given the fluidity of the situation, to help investors navigate these unprecedented times.

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2023-02-03

China Equity Volatility Active management Emerging markets Quick Take

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

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Quick Take

2023-03-31

Multi-asset Russia Macro and market Article Geopolitical

Russian invasion of Ukraine: Looking through the newsflow

Looking beyond the upsetting newsflow, what does the unfolding Ukrainian tragedy mean for investors? Director of Investment Strategy Natasha Brook-Walters shares three different Wellington perspectives.

Multiple authors

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Article

2023-02-28

China Geopolitical Equity Active management Quick Take

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

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Quick Take

2022-05-31

Tech & Innovation Quick Take Macro and market Innovation Consumer discretionary Information technology Opportunities and risks

Consumer tech: Buy the dip or bide your time?

We explore the potential opportunities offered by the recent sell-off in the consumer tech sector, highlighting areas like gaming, online dating, and more.

By

Brian Barbetta

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Quick Take

2022-08-31

Quick Take Equity Value vs growth

Value versus growth: expect volatility more than a smooth transition of leadership

Even if a "growth to value" regime change is underway, investors should expect volatility more than a smooth transition of leadership. Thematic Strategist Trevor Noren shares his perspective and those of several Wellington colleagues.

By

Trevor Noren

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Quick Take

2022-03-31

Equity Inflation Value vs growth Opportunities and risks Fundamental equity China Article

Quality-growth investing amid inflation and rising rates

We discuss how today's market impacts growth companies, including which areas are well positioned for the year ahead.

By

John Boselli, CFA

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Article

2022-12-31

Inflation Interest rates USA 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

Jeremy Forster

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Quick Take

2022-07-29

Global Industry Research Quick Take COVID

Will Omicron derail the global cycle?

The short answer is probably not, but it’s a fast-moving narrative that warrants some level of concern (though not panic). Global Investment Strategist Nanette Abuhoff Jacobson relays what we know (and don’t know) at this point and weighs in on some of the potential implications.

By

Nanette Abuhoff Jacobson

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Quick Take

2022-07-29

Multi-asset Inflation Article Equity Fixed income Outlook China

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

Nick Samouilhan, PhD, CFA, FRM

Andrew Sharp-Paul

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Article

2022-11-30

Tech & Innovation Asia tech Fintech Fundamental equity Global Industry Research Equity ESG Article Macro and market Opportunities and risks

Tech WELLcovered: Legacy redefined

Tech innovations are breaking down barriers, enabling us all to leave legacies of progress through the ways we allocate our capital and live our lives. Join us on a journey to witness the past, experience the present, and build a better future — all while capturing tech’s pervasive investable opportunities.

Multiple authors

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Article

2022-11-30

Tech & Innovation Asia tech Fintech Fundamental equity Global Industry Research Equity ESG Article Opportunities and risks Macro and market

Tech WELLcovered: Legacy redefined

Tech innovations are breaking down barriers, enabling us all to leave legacies of progress through the ways we allocate our capital and live our lives. Join us on a journey to witness the past, experience the present, and build a better future — all while capturing tech’s pervasive investable opportunities.

Multiple authors

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Article

2022-11-30

Tech & Innovation Macro and market APAC Article

Step into the metaverse

The metaverse is dominating tech headlines. Here, we explore the hardware infrastructure upgrades required to make this innovation possible and highlight the opportunities this creates for the Asia tech sector.

By

Yash Patodia

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Article

2022-08-31

APAC Equity Opportunities and risks Macro and market Article

Approach growth differently: think development, not just GDP

We discuss how today's market impacts growth companies, including which areas are well positioned for the year ahead.

By

Dáire Dunne, CFA

Simon Henry, CFA

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Article

2022-09-30

Emerging markets China Macro and market Portfolio policy Equity Quick Take

Should China equity be a stand-alone allocation?

As China’s role on the world stage looms larger, should investors separate the country from the rest of their emerging markets (EM) equity allocation? Three of our multi-asset strategists provide their research-based take, along with some practical considerations.

Multiple authors

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Quick Take

2022-05-31

Equity Macro and market Tech & Innovation Fundamental equity Opportunities and risks Article Asia tech Fintech Distribution

Tech WELLcovered: experience transformed

5G, AI and augmented reality will soon offer exponentially more options for experiences outside of work — with each activity personalised for your interests. Join us on a journey to witness the past, experience the present and transform the way you see the future of fun and the investable opportunities it creates.

Multiple authors

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Article

2022-10-31

Equity Macro and market Fintech Asia tech Article Tech & Innovation

Rising short-termism in fintech has a silver lining

Global Industry Analyst Matt Ross looks at the fintech sector as an example of the long-term alpha opportunity that may be available to patient equity investors.

By

Matt Ross, CFA

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Article

2022-03-14

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

Brij Khurana

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Quick Take

2021-11-30

Macro and market Equity Emerging markets

Seven reasons to invest actively in EM equities

Investment Director Andrew Sharp-Paul makes his case for actively managed investment strategies, rooted in fundamental research, as the best way for investors to capitalize on the opportunity set in emerging markets equity.

By

Andrew Sharp-Paul

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2021-12-31

Multi-asset Fixed income Equity Macro and market Inflation Value vs growth Article

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

Nanette Abuhoff Jacobson

Daniel Cook, CFA

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Article

2022-06-30

Macro and market

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

Juhi Dhawan, PhD

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Macro and market

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

Juhi Dhawan, PhD

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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

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Article

2022-01-31

Fixed income Volatility Opportunities and risks Article

Are we on the cusp of an unconstrained bond fund “renaissance”?

Portfolio Managers Brian Garvey and Brij Khurana and Investment Director Brian Doherty see unconstrained fixed income approaches, if properly implemented, as being well suited to the current (or any) market environment.

Multiple authors

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Article

2022-07-31

Macro and market Fixed income Article

Getting the balance right in today’s high-yield market

Our high-yield team assesses how to navigate today’s high yield market at a time of major spread compression.

Multiple authors

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Article

2021-09-30

Inflation Monetary policy Emerging markets Commodities Article Equity Fixed income

EM inflation has arrived, but will it stick around?

Emerging markets inflation has been top of mind for many investors lately. Macro Strategist Gillian Edgeworth, Equity Portfolio Manager Jamie Rice, and Fixed Income Portfolio Manager Michael Henry consider the outlook going forward and potential market implications.

Multiple authors

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Article

2022-07-29

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

Brij Khurana

event

Article

2021-12-31

China Carbon emissions Net zero Macro and market Climate Sustainability policies Emerging markets Article Fundamental equity Sustainable investing

China unplugged: Investing in the world’s largest decarbonization effort

China has pledged to target peak emissions by 2030 and net-zero emissions by 2060. This massive environmental...

By

Santiago Millán, CFA

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Article

2022-07-31

Equity Fundamental equity Global Industry Research Macro and market Opportunities and risks Article Tech & Innovation Fintech Asia tech

Widespread tech innovation: Don’t miss the forest for the really big tree

We explore the innovations driving a multi-decade journey of disruption and highlight the importance of in-depth research to capturing this opportunity.

Multiple authors

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Article

2022-05-31

China Macro and market Geopolitical Article

Executive order on China: Biden broadens the brief

Washington’s latest actions targeted at investments in companies linked to the Chinese military-industrial complex represent another important milestone in the long-term trend of US-China decoupling.

By

Thomas Mucha

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Article

2021-12-31

Emerging markets Equity Macro and market Article

EM equity looks more attractive than it’s been in a decade

Equity Portfolio Manager Jamie Rice describes his bullish stance on emerging markets (EM) equities and looks at China’s burgeoning A-share market.

By

Jamie Rice, CFA

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Article

2021-07-30

Tech & Innovation Digital transformation Global Industry Research Innovation Japan Macro and market Information technology Equity Fundamental equity Article

The hidden growth story in Japan tech

Learn why the hidden growth story within Japanese tech is one of our highest conviction themes, especially in the wake of the COVID-19 crisis.

By

Anita Killian, CFA

Yash Patodia

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Article

2022-03-31

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