All Developed Market articles
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White papersBlog | An unusually good year for global equity markets in 2019
Clearly, 2019 was a banner year for global developed and emerging equity markets as reflected by the FTSE RIC Capped Index Series. Uniform positive returns were headlined by Russia (+53.4%), Switzerland (+33.5%) and Canada (+29.5%).
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White papers
Investment Outlook 2020 - Hotel California: No Leaving QE
Central bank policy is moving backwards now instead of forward, with three rate cuts reversed so far in the US and the European Central Bank (ECB) relaunching quantitative easing (QE). ‘Lower-for-longer’ risks are becoming a permanent state of affairs, with major significant implications for fixed income markets and ...
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White papers
2020 Outlook - A Call for Resilience
2019 was largely characterised by a tug-of-war between substantial geopolitical drags and offsetting global monetary policy easing. The third slowdown of this expansion took hold at midyear, once again creating concerns about timing and cause of the next recession. Ironically, all equity classes, and even several fixed income asset classes have delivered double-digit returns, despite these concerns.
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White papers
A class apart: emerging Asia’s fixed income market
Why investors seeking a stable and attractive source of return within a diversified bond portfolio should head to emerging Asia.
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White papers
Global Investment Views - December 2019
In recent weeks equities rallied along with bond yields as investors reacted to the prospect of a US-China ‘phase one deal’ and fading global recession fears. The value of negative yielding bonds continued to fall, from US$17 trillion over the summer to the current US$12.5 trillion. While equities were previously overshadowed by the excessive gloominess on the global economy and earnings, markets rebounded after corporate results in the US and Europe met or exceeded low expectations, and as economic data did not show any material worsening. The mantra now seems to be ‘not so bad is the new good’.
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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.
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White papers
Buybacks – A Multi-Perspective Review And Thoughts On Best Practices For Company Buyback Policies
US share buybacks are near record levels in absolute dollar terms and incrementally the discussion has shifted from academic finance journals to political stump speeches.
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White papers
Blog | Canada, climate change & fixed income markets
A new FTSE Russell index measuring the impact of climate change on global fixed income markets is revealing how Canada ranks compared to other developed nations on climate readiness and provides insight into the biggest climate-related risks facing Canadian investors.
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White papers
Four charts that show why “old tech” might surprise income investors
What happens when tech grows up?
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White papers
Monthly Market Monitor - October 2019
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios.
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White papers
The Elizabeth Warren Moment
E. Warren is now neck-and-neck with J. Biden (27%) in the Democratic primary polls and far ahead of B. Sanders (15%).From her fifth-place position just six months ago, she has risen 21 points in the polls since then, while Biden has lost four points and Sanders, six. Bookmakers now put her odds of winning the nomination at more than 50%, vs. less than 20% for Biden and 6% for Sanders.
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White papers
Factor Profile: Quality
Quality Investment strategies are often focused on identifying companies that have a sustainable competitive advantage and / or have generated consistent shareholder value over time.
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White papers
Share Buybacks or Composite Equity Issuance?
Even though factor investing is widely supported in academia and investment practice, forecasting and harvesting factor returns remains challenging for various reasons. One signal that has received more than a little attention of late is share buybacks.
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White papers
Factor Profile: Value
While select equity factors have historically outperformed the broad equity market over the past 50 years, investors should be careful about assuming that what has worked to identify the right factors in the past will work in the future. The value factor is a good example. As technology and service companies become a larger part of the global economy, the traditional and simpler value metrics don’t work as well. Here is what investors can do.
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White papers
Factor Profile: Momentum
The momentum factor can provide alpha and diversification, but it can also be redundant because a significant proportion of the momentum premium stems from momentum in other factors. This is commonly referred to as factor momentum and can unintentionally lead to a doubling down on factor exposure and risks in multi-factor portfolios. Skilful risk management of factors is critical to avoiding this mistake.
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White papers
Understanding the Investment Implications of the Gig Economy
Rapid advancements in technology have disrupted a number of industries as well as the employment landscape through the rise of the so-called “gig economy”—which pays workers on a “per-job” basis without guaranteeing hours.
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White papers
Monthly Market Monitor - September 2019
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios.
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White papers
Salmon for the Future
Attitudes about food and diet are changing, driven by a shift in society’s views about health, nutrition, and food production practices, particularly in the developed world. Investment opportunities are being created by these trends, as a growing number of people alter their diet, cut back on the consumption of land-farmed animals, and demand more sustainably produced foods.
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White papers
Challenges and Solutions to the Cost of Investing in Emerging Markets Local Debt
In an environment of expanding negative rate securities across developed markets, emerging markets local bonds (EMLBs) continue to present attractive investment opportunities. Yet, unless active measures are taken, investing in EMLBs can incur extra transaction costs that reduce alpha generation.
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White papers
Why A Long-Term Allocation to Smaller Companies Makes Sense
The reasons for maintaining a strategic allocation to small‑caps are compelling.
