Content (115)

  • Stress Testing Companies for an Impending Recession

    White papers

    Stress Testing Companies for an Impending Recession

    2020-03-25T16:02:00Z

    The new coronavirus crisis is different than any other seen in our lifetimes. But equity investors who develop a clear set of characteristics that will define resilient companies in the evolving environment can position portfolios to get through the pandemic and benefit from an eventual recovery.

  • Coronavirus & Market Volatility

    White papers

    Coronavirus & Market Volatility

    2020-03-25T15:50:00Z

    As the COVID-19 pandemic continues to evolve, we are committed to providing you with the latest perspectives from our economists and investment teams around the world.

  • Is Vietnam Ready to Fill China’s Supply Chain Gaps?

    White papers

    Is Vietnam Ready to Fill China’s Supply Chain Gaps?

    2020-03-24T16:10:00Z

    When we travelled to Vietnam in late December, the first novel coronavirus cases hadn’t even been reported in China. Now, with the virus battering Chinese manufacturing, our impressions from that visit seem especially timely as investors seek to assess the shift of global supply chains to Vietnamese factories.

  • Five Ways Policymakers Can Beat the Coronavirus

    White papers

    Five Ways Policymakers Can Beat the Coronavirus

    2020-03-24T15:57:00Z

    A big near-term economic hit from measures to contain COVID-19 is now unavoidable. But policymakers can still ward off a deeper spiral and build the foundations for recovery—if they take the right steps now.

  • How Will the Coronavirus Impact World Economies?

    White papers

    How Will the Coronavirus Impact World Economies?

    2020-03-05T16:32:00Z

    The coronavirus is dominating the news and sparking panic in markets. We believe the options for policymakers are clear—but will they implement them?

  • US Equity Valuations Rebooted by Coronavirus

    White papers

    US Equity Valuations Rebooted by Coronavirus

    2020-03-04T16:40:00Z

    After recent sharp declines, US stock valuations look more attractive, especially compared with bonds. While the current volatility is unsettling, heightened uncertainty over earnings because of the coronavirus crisis could create opportunities for long-term investors who distinguish between winners and losers from the shock.

  • Fed May Cut Rates Further to Counter Coronavirus Headwinds

    White papers

    Fed May Cut Rates Further to Counter Coronavirus Headwinds

    2020-03-04T16:35:00Z

    This week’s Fed rate cut helped steady financial markets reeling from the expected impact of the coronavirus on the US economy, and we think more cuts are coming—in March and beyond. The economy should rebound in the second half of the year, though at a lower full-year pace.

  • Revisiting China’s Equity Markets as Coronavirus Spreads

    White papers

    Revisiting China’s Equity Markets as Coronavirus Spreads

    2020-02-17T10:24:00Z

    Growing fears about the coronavirus have hit Chinese stocks. While markets will remain unstable until China gets the outbreak under control, equity investors should revisit lessons from previous epidemics and consider the potential longer-term effects of the current crisis.

  • Five Multi-Asset Strategies for 2020’s Challenges

    White papers

    Five Multi-Asset Strategies for 2020’s Challenges

    2020-01-20T10:31:00Z

    The last decade produced great performance across most asset classes. But in the 2020s, we expect investment market returns will be lower and risk harder to manage. Looking forward, a disciplined multi-asset approach will be especially valuable to identify opportunities and help mitigate setbacks.

  • Fixed Income Outlook - Keep an Eye on Systemic Risks in 2020

    White papers

    Fixed Income Outlook: Keep an Eye on Systemic Risks in 2020

    2020-01-09T10:55:00Z

    From a fraught geopolitical landscape to a global slowdown, the major systemic risks in today’s investment landscape are impossible to ignore. We expect such risks to contribute to persistently low and negative yields as well as to bouts of volatility in 2020. With bond yields near historic lows, can fixed-income markets generate solid returns without forcing investors to take too much risk?

  • Equity Outlook - Between Optimism and a Hard Place in 2020

    White papers

    Equity Outlook: Between Optimism and a Hard Place in 2020

    2020-01-07T11:01:00Z

    Global stock markets rallied in 2019, defying political and macroeconomic uncertainty. Will investors be as fortunate in 2020? Since many risks remain, maintaining style diversity and finding investing themes that are detached from volatility drivers will be important ingredients for equity allocations.

  • Remastering Volatility - Reducing Noise in Equity Allocations

    White papers

    Remastering Volatility: Reducing Noise in Equity Allocations

    2019-10-29T10:11:00Z

    Volatility is a challenge that has vexed equity investors for decades and has been amplified in today’s low interest-rate environment. As many investors reach for higher-return assets to help meet future obligations, they are likely to be more exposed to the higher inherent volatility that stocks add to an allocation. In this paper, we examine the root causes of volatility to provide a holistic perspective on risk-management solutions for the current complex environment. Distinguishing between market risk, factor risk and stock-specific risk can help investors identify the most appropriate strategic solutions to combat volatility and ensure that they are compensated for the risk in their equity portfolios.