Content (447)
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White papersWhat Does the Iran War Mean for Emerging Markets?
In a volatile period, we believe emerging markets’ stronger fundamentals will shine through the noise.
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White papersHow Equity Income Can Cushion Inflation and Create Durable Returns
Fears of an inflation spike bolster the case for adding equity income exposure to allocations.
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White papersEquity Outlook: Middle East War, Energy Shock Test Fragile Markets
Markets are pricing in a wider range of scenarios as geopolitics and AI reshape the landscape.
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White papersAI’s Hidden Cost: Why Water Risk Belongs on Every Investor’s Radar
Access to clean water may be a deciding factor in who wins or loses the AI race.
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White papersPrivate Assets in Portfolios: Reassessing the Strategic Case
The private credit industry has been under intense focus in the early months of this year, with questions being raised about its role in portfolios. The Achilles heel of the industry has always been the charge that it is untested, at least in its present form, in a default cycle. Do recent developments mark such a fear coming to fruition?
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White papersGlobal Macro Outlook: Second Quarter 2026
US foreign policy became the key variable for financial markets in the first quarter. As the Middle-East conflict expands, oil price shocks could become stagflationary, but it’s too early to know the magnitude. Our base case is that the global economy will remain resilient to this shock—as it has to many others this cycle.
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White papersWhy Today’s Environment Favors Mortgage-Backed Securities
A strong housing market and supportive federal policy could benefit US mortgage-backed securities.
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White papersEmerging-Market Corporates: Renowned for Resilience
Emerging-market (EM) corporates have a track record of resilience across market cycles. For over a decade, EM corporate bonds have allowed for participation in rising markets, while exposing investors to less downside during market downdrafts. This is due to an especially pronounced inherent barbell structure that balances interest-rate risk with credit risk, providing independent sources of return that are negatively correlated to each other.
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VideoPortfolio Design as Gesamtkunstwerk: The Total Portfolio Approach
In this video I discuss an increasingly important framework for institutional investing: the Total Portfolio Approach, or TPA which is the subject of our latest paper.
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VideoFuture Shock: Reading Financial Signals in Natural Hazards
When natural disasters occur, the impact on humanity can be devastating. There’s also an impact on financial markets. When these perils do hit, there can be a negative impact on economies, infrastructure and companies, and by extension, a negative implication to investors.
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White papersHarnessing Yield—and Growth—in Multi-Asset Income
Multi-asset investors should use a diversified toolkit to generate income efficiently.
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White papersDancing Through the Lightning Strikes? The Ongoing Case for Gold
The extraordinary return from gold in recent months, followed by an abrupt spike in volatility, ensures that questions about gold allocations come up in every single client meeting. But investors worry whether, after such a rally, there is still a case to own gold. We maintain our recommendation for a strategic allocation as part of an allocation to non-fiat, zero-duration assets.
