All Developed Market articles – Page 2
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White papersHow expensive is the US equity market?
Regardless of whether investors currently have a bearish or bullish view on equities, the big question concerns valuations. Our latest edition of Simply put considers whether US equities are prohibitively expensive at the moment.
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White papersGetting better all the time?
With improving CPIs, the mood music for investors might be sounding sweeter
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White papersMid-Year Update – Getting the yield curve wrong
Many investors have been puzzled for most of this year by an inverted US yield curve, which along with economist forecasts and CEO surveys signals an impending recession. At the same time, the performance of risk assets suggests a much brighter outlook. Which is right and which is wrong?
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White papersFearful markets brace for further hikes
The US Federal Reserve latest meeting minutes indicate further tightening likely following June pause.
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White papersIs it time for neutral equity exposures?
We have become used to a fast-paced cycle after 2020. The pandemic compressed the entire business cycle into just a few quarters, but also produced a much slower and persistent phenomenon: an inflation wave that, to date, remains a vivid concern for central banks and markets.
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White papersEconomic and Market Review: Long-Term Optimism Amid Short-Term Headwinds - 3Q 2023
Like many, we have been surprised by the strength of U.S. equities in the face of rising interest rates, sticky inflation, a regional banking crisis and persistent geopolitical tension.
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White papersBeyond re-opening: the long-term trends to watch in China
The risks and rewards presented by investing in China topped the agenda at Federated Hermes’ Asia and Emerging Markets Investing Forum in London on 13 June.
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White papersGreying and Greening Across Emerging Markets
We examine which emerging markets face the strongest demographic pressure as part of our ongoing research into the global shift in labor dynamics.
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White papersUK equities: the song remains the same
Despite the cost-of-living crisis we believe the gloom overhanging the UK economy is overdone UK stocks continue to trade at a discount of around 30% to global equities, which is likely to attract further merger and acquisition acitivity We remain true to our enduring style of high-conviction value investing, ...
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White papersTurning Less into More: How to Improve Equity Outcomes by Reducing Risk
In a world of macroeconomic and market uncertainty, the fear of losing money may deter investors from seeking to capture equity return potential. Is there a way to stay confident when volatility strikes?
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White papersEuropean Equities Sustainability Report
With the electric vehicle market close to an inflection point, the European Equities team explain why exposure through suppliers involved in the electric transition is the best way to play the EV theme.
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White papersAsset Class Return Forecasts - Q2 2023
The effect of the fast-paced Quantitative Tightening (QT) embraced by Developed Market (DM) central banks (CB) is materialising across two fronts: price dynamics and financial stability.
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White papersEmerging Markets Charts and Views - Springtime for Emerging Markets
While 2022 was a challenging year for Emerging Markets, amid the Fed’s aggressive response to high inflation, we are more constructive for 2023 across four main themes
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White papersQ2 2023 Strategic Investment Outlook: Balancing the Strategic and the Tactical
Balancing different time horizons always presents challenges. It may be intellectually ugly to hold different positions over short horizons and long horizons, but sometimes the macro setup suggests it’s the right way to proceed.
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White papersEquity Outlook: Banks Deliver Message on Hidden Rate Risks
Global equities were volatile in the first quarter, as turmoil in the banking sector jolted markets. While swift regulatory action helped stem contagion, the crisis dented investor confidence in a fragile market environment and has sharpened awareness of risks created by a new interest-rate regime.
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White papersLow risk equity strategies without interest rate sensitivity
Many low risk equity strategies, e.g. minimum variance strategies, exhibit a negative exposure to changes in interest rates which can be explained by their strong overweight in interest rate sensitive sectors such as utilities. These sector biases are, however, not needed.
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White papersLow volatility equities: the bursting of a bubble or just interest rate exposure?
The MSCI World Minimum Volatility Index has had a very poor run of performance recently. In absolute terms the index generated a negative cumulative performance of minus 5.7% for the period from 1 July 2016 through 30 November 2016. Over the same period the MSCI World Index generated a positive return of 4.3%.
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White papersEquity Opportunities After Easy Money
Why we think market conditions swung behind value, quality and smaller stocks in 2022, and have done so for the long term.
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White papersOne Bad Apple? Or More to Come?
Several of Allspring’s equity portfolio managers voice their views on the state of the U.S. banking industry in the aftermath of Silicon Valley Bank’s collapse.
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White papersInterest rates do not need to rise much further in Europe
Paul Doyle, Head of Large Cap European Equities, looks at the green shoots in Europe, despite ongoing higher inflation and mixed signals on the strength of the economy
