All Developed Market articles
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White papersAsia Equities with Shou Pin Choo
With signs that Asian equity markets are coming out of the COVID downturn, Shou Pin Choo, Portfolio Manager in the Emerging Markets and Asia Pacific Equities Team, discusses his latest views on the market.
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Research Report
A new world of renewables: Part II
In the final installment of this two-part paper, we take a closer look at emerging market trends and opportunities.
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White papers
Thinking long term about surging short term rates
Over the last 18 months, investors learned about the power of fiscal stimulus to fill even unprecedented holes in demand. In our view, the lesson learned in 2022 will be about the ability of the private sector to drive above-trend growth.
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White papers
Net Zero Index Strategies for Developed Markets
The S&P PACTTM Indices (S&P Paris-Aligned & Climate Transition Indices) comprise the S&P Climate Transition (CT) Indices and the more ambitious S&P Paris-Aligned (PA) Indices.
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White papers
Fixed Income: China, EM Come Online
In our survey of over 350 institutional investors, responses confirmed that the trend of increasing investment in Chinese and emerging markets’ bonds remains in place. This paper looks at what investors are thinking when it comes to making investments in these assets.
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White papers
Growth Delayed but Not Derailed
The delta variant seems likely to have only delayed rather than derailed the global recovery—perhaps making growth over the coming quarters modestly more robust than it might otherwise have been.
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White papers
Living in a post-peak growth world
As the world economy moves on from the pandemic, emerging market growth still lagged that of developed markets in Q3 2021.
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White papers
Frontier markets post-pandemic
The pandemic has introduced a large exogenous shock into economies and markets. While the young age demographic and reduced ability to implement lockdowns may have resulted in less of an impact on frontier economies, the impact has still been significant.
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White papers
We See Risk Where Others May Not: Active Risk Management in Practice
Three categories of risk mitigating techniques can be employed to build portfolios that have similar risk characteristics to traditional portfolios, but with improved returns: volatility targeting; momentum overlays; and bond / equity correlation triggers.
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White papers
Can Systematic Investors Plead the Fifth on RI?
New tools can address the responsible investment challenges faced by systematic macro managers. Could we be heading for a future where systematic investing doesn’t compromise on ESG?
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White papers
Volatility Creates Opportunity: Managing Risk And Pursuing Rewards In Emerging Market Equities
Despite recent market turbulence, the longer-term outlook for emerging markets looks optimistic, underpinned by rising dispersion, attractive valuations and improving fundamentals. The low-risk style is well-positioned in the current environment.
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White papers
The Z-Shift Framework – Empirical Evaluation Since 1995
With the application of hedge fund and risk management techniques, we show that it is possible to improve both the returns and risk properties of traditional 60/40 portfolios.
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White papers
Net Zero and the Enhanced Approach to EM
We sought to determine whether investors can address their Net Zero objectives without sacrificing the risk and return characteristics of an Enhanced, or low-risk active, approach in emerging markets equities. By utilising the natural active risk within the Enhanced framework, we were able to integrate climate objectives with only a marginal change in the overall tracking error relative to the benchmark.
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White papers
Inflation Trends Across Emerging Markets
Inflation drivers across emerging markets will be of focus to investors as the economy looks to recover from the pandemic.
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White papers
Emerging Asian equities expected to perform best over the next five years
We expect emerging Asian equities to deliver among the best returns in global stock markets over the next half decade, especially in dollar terms (10.8 per cent per year on average, or double the global market). We calculate that their outperformance – which stems mainly from superior earnings growth and currency appreciation – could amount to 35 per cent on a cumulative basis over the US in that timeframe.
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White papers
Investment Perspectives: Factoring it all In - Q1 2021
After a brief respite in January, developed markets continued to gain ground in the first quarter as vaccine rollouts and the anticipation of more stimulus outweighed an uptick in interest rates.
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White papers
4 things global financial cycles are telling us
As much of the global economy climbs out of the pandemic-induced downturn, investors are scrutinising every new economic data point for clues to the outlook for growth and inflation. I think they should also take the 30,000-foot view afforded by financial cycles, which can offer a long-term perspective on the trajectory of an economy.
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White papers
Fixed Income Investment Outlook - 3Q 2021
In the day-to-day task of investing, it’s often easy to ascribe significance to individual central bank meetings, speeches or policy pronouncements that, with a bit more time, simply blur into background static
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White papers
Blog | From headwinds to tailwinds – a reversal in fortune for the FTSE 100?
The UK equity market has suffered from structural underperformance since 2016. We can see this from the cumulative relative performance of the FTSE 100 Index against European and global equities, in local currency terms, beginning as the UK prepared to vote on its exit from the European Union.
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White papers
Country head focus – Switzerland
The country’s financiers and fintech entrepreneurs are developing fresh ideas that are influencing the global evolution of sustainable finance
