All Developed Market articles – Page 5
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White papersRevisiting the Term Premium Status
After detailing our findings about the persistently positive term-risk premium across developed market yield curves and how it can affect pension plans’ funded status several years ago, we’re revisiting the topic amid the considerable improvement in plans’ funded status and the corresponding implications for their fixed income allocations.
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Podcast2022 Outlook Series: Investing Through Climate Risk
Climate change is already having material impacts on public and private asset classes across developed and emerging markets.
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White papersEmerging Markets: A Constructive 2022 in Sight
Companies with structural growth drivers aligned with digitalization, decarbonization and other transformative trends will emerge as the long-term winners.
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White papersLessons from COP26 ‘We have to realise that we can’t enjoy everything the way we have in perpetuity’
Covid may well have set back the march toward a greener planet, says Mitch Reznick, CFA, Head of Research and Sustainable Fixed Income.
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White papersEM inflation elevated but still relatively contained; local markets could offer relative value
The gap between emerging market (EM) inflation over developed market (DM) inflation has remained contained this time, in part due to weak economic conditions, muted domestic credit creation and proactive EM central banks. Tighter EM financial conditions should anchor longer term EM inflation expectations.
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White papersFrontier 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 papersVolatility 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 papersInflation 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 papersEmerging 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 papers4 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 papersFixed 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 papersCountry head focus – Switzerland
The country’s financiers and fintech entrepreneurs are developing fresh ideas that are influencing the global evolution of sustainable finance
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White papersThe impact of China’s lending on Emerging Market Debt
The increasing prominence of China as a financier of developing nations has changed the landscape of emerging market debt investing.
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White papersA post-Covid structural change in developed markets: the strong political will to invest in the US
What matters to fixed income investors is the macro-financial environment that will prevail after the strong rebound in growth and inflation expected in H2.
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White papersPent-Up Consumer Demand Fuels Us Market Recover
Grant Bowers explains why pent-up consumer demand should present a fertile environment for stocks and highlights some opportunities he sees in US equities.
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White papersHome bias: The rise and rise of economic nationalism
The new US president is prepared to carry the torch for a shrinking band of globalists, but the growing trend of economic nationalism will prove hard to reverse.
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White papers“Hidden Quality” in International Equity Markets
Traditional “quality” companies are bunched in a few sectors and appear expensive—is there a more subtle definition that can uncover “hidden” quality?
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White papersMacroeconomic Picture - April 2021
United States: thanks to fiscal aid and still extremely accommodative monetary policy, the US economy will likely recover much of the ground lost during 2020, returning to prepandemic levels around mid-year, while the labour market will take longer to recover fully.
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