Content (1003)
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White papersThe Scarcity Trade: Why Critical Metals Are the Real AI Play
Commodities are entering a new structural phase defined by scarcity, geopolitics and surging demand for the metals underpinning AI, electrification and defence. Yet financial markets remain largely unprepared for the physical supply constraints required to build it — creating a compelling opportunity: critical metals offer both return potential and a natural hedge to AI risk.
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White papersDiversification Without Complication: The Case for Global Bonds in 2026
After an extended period of declining yields and credit spreads, we believe the fixed income environment is becoming increasingly nuanced. Near-neutral rates, tight spreads and elevated macro and political risks require investors to tread carefully in setting exposures while taking a broader approach to maximizing the opportunities that will present themselves.
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White papersFixed Income: Why This Is Not 2022
The echoes of 2022 are loud but misleading. The macro still points to easing, not hikes, while the credit cycle begins to turn.
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White papersRisk Assets: Dispersion Trumps Directionality
2026 was unlikely to be a year for broad market beta. The Middle East conflict and the AI-driven sell-off have now made that case impossible to ignore.
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PodcastBDCs, AI Disruption, Iran Oil Shock: What Lies Beneath in Credit Markets
Credit index spreads have been largely unchanged this year — but the calm surface belies a more complex picture underneath. Rising dispersion, AI-driven disruption fears, widening BDC spreads, and the military conflict in the Middle East are reshaping the risk landscape for fixed income investors — without much additional compensation showing up at the credit index level.
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White papersWhy the Software Sell-off Doesn’t Tell the Whole Story
The rise of AI has sown doubt within public equity markets about the software industry’s long-term viability. What might that mean for software equity investors and credit investors and lenders?
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White papersThe Memory Crunch: Winners and Losers
Memory chip prices are expected to rise sharply through 2026, driven by AI data center demand crowding out supply of traditional memory used in PCs, smartphones, servers, vehicles, and consumer electronics. This creates margin compression, product delay, and inventory risks for downstream Investment grade issuers.
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White papersEM Local Currency Debt: A Revitalised Opportunity for European Investors
Emerging markets local currency debt is offering some of the most compelling income and diversification characteristics in global fixed income.
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White papersAsset Allocation: Does Middle East Conflict Change the Calculus?
The Middle East conflict and its uncertainties, together with a shaky job market, challenge risk assets and growth. Vigilant of the risks on all fronts, we remain constructive in our positioning.
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White papersHow Value‑Up Reforms Are Reshaping Asian Equity Opportunities
Asian jurisdictions are enhancing their corporate governance and equity market frameworks.
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White papersEquities: Navigate the AI and Tariff Disruption—Don’t Fight It
There’s no escaping the market impact of AI disruption and tariff uncertainty. But it’s better to lean into these forces and invest selectively than to be paralyzed by them.
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White papers2025 Proxy Season in Review
We continued our commitment to transparent engagement in an effort to enhance shareholder value and manage risk for our clients.
