Content (64)

  • Global Insights – Outlook for 2021

    White papers

    Global Insights – Outlook for 2021

    2020-12-10T16:05:00Z

    Primed by continued global monetary stimulus and exuberant global fiscal spending, and further boosted by the fading of the tail risks that had plagued markets through 2020, capital markets are facing one of their best backdrops in years. 2021 could turn out to be the year that the overdue cyclical rotation, 10 years in the making, finally materializes and, importantly, takes hold. Make no mistake, there is still a high level of uncertainty going into 2021. 

  • U.S. Elections 2020 - Polarized is the new normal

    White papers

    U.S. Elections 2020: Polarized is the new normal

    2020-11-18T11:12:00Z

    The U.S. election polls have been packed up, the votes have been tallied and a winner has been declared. At this point, during most other election years, the U.S. would be transitioning to the next government, but this is proving to be an unconventional period. While there is little doubt that President-Elect Joe Biden will accede to the White House, some senior Republicans have so far refused to acknowledge his win. This standoff reflects how fractious the American political environment is today.

  • Positioning for the 2020 U.S. Presidential Election - An Update

    White papers

    Positioning for the 2020 U.S. Presidential Election: An Update

    2020-10-23T11:08:00Z

    Undeniably, 2020 has been an eventful year and the fireworks are likely not yet over. Amidst rising COVID-19 infections and a stuttering economic recovery, investors are preparing for the U.S. Presidential election. While this election may be one of the most contentious in U.S. history, investors should remember that that once the elections pass, much of this noise typically quiets and risk assets are able to resume a trajectory dictated by fundamentals.

  • How monetary policy, COVID-19, and technology have created and sustained a horde of decomposing corporations

    White papers

    Investing during the rise of zombies: How monetary policy, COVID-19, and technology have created and sustained a horde of decomposing corporations

    2020-09-23T10:09:00Z

    Amid the spectacular return of equities post-Global Financial Crisis (GFC), most equity investors have little need to focus on business models. The S&P 500 posted a 256.4% total return between 2010-2019, and global equity and credit investors were rewarded for carrying the beta exposure to those asset classes and did so often with lower-than- average levels of volatility.

  • Investing in Emerging Markets Asia amid rising global tensions

    White papers

    Investing in Emerging Markets Asia amid rising global tensions

    2020-09-08T11:05:00Z

    With the United States and China locked in an increasingly heated rivalry, Europe must pick a side. What are the investment implications?

  • Brexit Update

    White papers

    Brexit Update

    2020-09-04T16:27:00Z

    Brexit occurred on January 31, 2020, and we are now in the transition period until December 31. Therefore, rules and regulations in the UK are still aligned with those in the European Union, but the United Kingdom is no longer a member state, hence talk of the EU-27 rather than the EU-28.

  • Positioning for the 2020 U.S. Presidential Election

    White papers

    Positioning for the 2020 U.S. Presidential Election

    2020-08-28T07:53:00Z

    For investors and markets still reeling from the global pandemic—and facing a protracted, volatile economic recovery—a new source of uncertainty is fast approaching: the U.S. presidential election in November. Historically, equity markets have posted below-average total returns during an election year.

  • Perspectives on Emerging Markets Investing

    White papers

    Perspectives on Emerging Markets Investing

    2020-07-31T11:04:00Z

    The first half of 2020 witnessed an unexpected shock that unsettled markets around the world and abruptly ended a 10-year, record-long expansion. Emerging market (EM) economies—profoundly distinct and at different stages of development—have weathered the COVID-19 storm better than expected, yet many face longer-term headwinds.

  • Structural change implications of the Coronavirus experience

    White papers

    Structural change implications of the Coronavirus experience

    2020-05-22T15:56:00Z

    As we sit here in the spring of 2020, looking out on our respective neighborhoods from our home offices, we’re well underway into another seasonal change. But unlike any previous spring season, 2020 has swamped us with unthinkable change. For far too many, this spring has brought dire economic and employment conditions.

  • Coronavirus concerns spark market selloff

    White papers

    Coronavirus concerns spark market sell off

    2020-02-26T11:33:00Z

    Public and market fears have converged with countries outside China anxious that they may be approaching the same point as China was at the end of December - the preliminary stages of a devastating epidemic.

  • Strategic Relative Value – Q1 2020

    White papers

    Strategic Relative Value – Q1 2020

    2020-01-24T16:16:00Z

    Persistent central bank liquidity and easing geopolitical tensions should support a continued rally in risk assets this year. However, the significant disconnect between elevated valuations and only modest economic growth means risk assets are vulnerable to a deterioration in sentiment so investors should also maintain some defensive positioning.

  • 2020 Outlook

    White papers

    Spectrum Asset Management Outlook for 2020

    2020-01-21T15:26:00Z

    Some macro risks—such as Brexit—appear to be de-escalating, but uncertainties continue; trade war negotiations are likely to overhang sentiment into the United States election.