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Correlation and dispersion: Return of the stock picker's market?

Authors: Nanette Abuhoff Jacobson, ...

Even for the most skilled equity portfolio managers, high correlations and low dispersion can be an unhealthy mix. If returns for individual securities move in the same direction (high correlation) and at a...


Charging toward a lower-carbon economy

Author: Alan Hsu

Despite negative rhetoric from the Trump administration and the recent repeal of the US Clean Power Plan, we strongly believe that companies focused on sustainability and renewable energy will continue to...

May 2017
Macro and market

Some certainty for European markets (for a change): Are equities still a buy?

Author: Nanette Abuhoff Jacobson

Emmanuel Macron has been elected the next president of France, eliminating a major tail risk and inserting some near-term certainty into the markets. Following Macron’s advancement in the first-round...

Apr 2017
Macro and market

Multi-Asset Outlook: Is the post-election rally over?

Authors: Nanette Abuhoff Jacobson, ...

The first quarter did not exactly deliver a continuation of the post-election rally. Equities beat bonds, but leadership within equities rotated back to defensive sectors. The US led other developed markets,...

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