Content (95)
-
White papersMulti-Asset Allocation Views: Uncertainty Tempers Our Enthusiasm
Our view of global growth has been getting more optimistic over the last few months as signs of stabilization have appeared in many economies. Areas that were notably weak, such as manufacturing in Germany, have turned up somewhat (see Exhibit 1). This has been supported by an easing of global trade tensions—though we are not complacent in seeing that the underlying issues are yet to be resolved—and by central banks that seem willing to underwrite a continued period of relative stability.
-
White papers
Fixed Income Outlook: 2020 Will the Economy survive the politics?
New year, new decade—we’re off to the races. None of the doom-and-gloom predictions materialized in 2019. Trade tensions did not spiral into out-of-control trade wars, new tariffs did not have a major macroeconomic impact, the US economic expansion did not halt and China’s economy did not stall. The lesson learned is that last year, too many people worried too much about the wrong things.
-
White papers
Social Infrastructure in Europe: from Alignment to Contribution to the Sustainable Development Goals
The United Nations’ Sustainable Development Goals (SDGs) are a powerful organizational and communications tool for institutional investors and asset managers as they are universally accepted across multiple facets of society.
-
White papers
Coronavirus And The Implications For Emerging Markets
Our emerging markets equity team takes a look at the economic and market implications of the coronavirus.
-
White papers
On My Mind: Oops! They Qe’d Again
The US Federal Reserve (Fed) has expanded its balance sheet by about $400 billion since last September. This has reversed more than half of the balance sheet unwinding (about $700 billion), which the Fed had started in October 2017.1 A growing number of analysts and investors have concluded that the Fed is once again engaged in quantitative easing (QE). The Fed denies it.
-
White papers
On My Mind: Will The US Economy Survive The Politics In 2020?
What might investors worry about? Dr. Sonal Desai, our Fixed Income CIO, covers her expectations for 2020.
-
White papers
Considering Broad Investment Implications Of Us/Iranian Tensions
Our senior investment leaders share initial thoughts on the potential market implications of Middle East tensions.
-
White papers
2020 appears tilted to the downside
The themes we discuss at our Annual Investment Symposium guide our research process. Over a longer-term horizon, we believe global stocks have greater performance potential than global bonds, supported by continued growth and moderate inflation. With government bond term-premia remaining below historical averages, we see a lower performance potential from government bonds.
-
White papers
Continued Support For Asset Returns
Our capital market expectations (CME) are designed to provide annualized return expectation over a longer-term horizon, typically viewed as being five to 10 years.
-
White papers
Coping With A Changing Market Landscape
Our CIOs’ Global Investment Outlook stresses it’s important to be selective and not too complacent in 2020.
-
White papers
How Institutional Investors Embrace Responsible Investing
Responsible investing has gathered enough momentum to reach the mainstream. What is less clear is how advanced global institutional investors are in the process of integrating ESG principles into their investment decisions.
-
White papers
No Need To Panic—Keep Calm And Carry On
Fixed Income Views the US economy to be continuing to hold up relatively well and partly compensating for a mixed outlook in the rest of the globe.
