Equities – Page 2
-
White papersThe cascade effect of DeepSeek
An examination of DeepSeek’s success and how we believe it energizes Chinese innovation and changes the future of the global AI race
-
-
White papersCentral and Eastern Europe: long-term growth driver for the entire EU area
In the 2000s, Eastern Europe was a successful region of Emerging Markets. A kind of gold rush attracted many investors to these markets. The region was hit hard by the financial crisis of 2008, but the investment story was not yet written off. It was only political changes, such as the Caucasus war of 2008, the annexation of Crimea in 2014 and, ultimately, the war in Ukraine in 2022, that made this region almost uninvestable for many investors.
-
White papersEuropean Renaissance
A broadening of equity market performance beyond U.S. mega-caps was one of our key themes for 2025—right now, Europe is where it is playing out most notably.
-
White papersMarket volatility: Could earnings growth revive the rally?
After a strong rally, markets have turned volatile, with year-to-date declines raising questions about what’s next. For gains to continue, earnings growth must take over—a transition that has historically extended market cycles. While inflation and policy uncertainty risks remain, improving earnings breadth across sectors and industries and potential tailwinds from monetary and fiscal policy could provide support.
-
White papersEmerging-Market Equities: The Steep Cost of Missing Out
Emerging-market (EM) equities are off to a strong start in 2025, up 4.5% through March 14 in US-dollar terms. But investors could be excused for being wary. After all, emerging markets have struggled over the past decade.
-
White papersAI and datacenters: A new source of electricity demand
AI and datacenters are driving a surge in US electricity demand, creating new investment opportunities in the energy sector.
-
White papersInvestment case for water remains buoyant
Investing in the water value chain – including infrastructure, technology, and services – can help investors achieve sustainable returns over the long term. Now is a good time: valuations of high-quality companies demonstrating strong earnings growth, such as those our strategy targets, look compelling after a correction compared to the broader equity market.
-
White papersIs there hope for the market?
While markets may still have room to grow this year, especially if earnings broaden beyond tech, tight valuations and rising policy uncertainty pose key risks. The path forward likely depends on earnings growth taking over—but missteps in fiscal or trade policy could derail that before it gains traction.
-
White papersUnderstanding tariffs in five charts
Tariff is a word many of us first heard in history class: we remember the Great Depression and the dark side of protectionist trade policy. Fast forward to today and tariffs are once again taking centre stage, serving as the linchpin of President Trump’s trade policy. A fierce debate has emerged over the impact they could have on the global economy — and as a cause of sharply rising market volatility.
-
White papersRevisiting the case for UK small and mid-caps (SMID)
Matt Tillett, fund manager of the Premier Miton UK Value Opportunities Fund, looks for mis-priced stocks across the entire market cap spectrum. Here’s his take on UK SMID right now – including potential catalysts for change.
-
White papersPositive mood in Emerging Markets
“The weakness in U.S. stocks reinforces our conviction that a rotation away from expensive U.S. large-cap stocks may persist. We also believe there is more value to be explored in regions such as emerging markets, including China.”
-
White papersRecession risks: Weighing policy uncertainty and market volatility
The U.S. economy faces pressure from tariffs, slower growth, and high valuations, unsettling markets and investors. A recession isn’t inevitable, though—strong consumer and corporate balance sheets and possible Fed support could help. While risks have grown, a recession shouldn’t be seen as the base case, but it also shouldn’t be ruled out.
-
White papersMr. Trump Goes to Washington
The new U.S. administration has promised many pro-growth policies, but can those ambitions survive the disruptive measures of its early months?
-
White papersRebalancing Act: Rethinking Growth Versus Value
Heading into 2025, a handful of mega-cap tech companies had tilted the U.S. public equity markets meaningfully into growth territory. Recent gyrations have revealed the potential risk in such positioning, and offered yet more evidence for why we believe it is time to rebalance portfolios by increasing exposure to value.
-
White papersJapan’s economic revival – the first steps of a long-awaited transformation
At the beginning of last year, we sat down and put pen to paper on a thought piece which argued this was Japan’s decade of sustained economic momentum. The events of 2024 certainly strengthened our case.
-
White papersConfronting the risk of a policy-driven recession
U.S. recession risks have risen amid policy shocks, severe tariff proposals, and elevated uncertainty, all weighing on growth and sentiment. While a slowdown appears likely, resilient fundamentals and potential future support measures suggest a 2025 recession is not yet a foregone conclusion.
-
White papersDecoding tariffs: What’s the economic impact?
A new round of tariffs targeting Canada, Mexico and China has whipsawed financial markets in recent days as investors wrestle with the implications of rising policy uncertainty and the impact on the global economy.
-
White papersGermany’s historic step to raise spending
“A realisation in Europe on the need to spend more on defence and infrastructure has created a positive sentiment, leading to the recent upside in the markets.”
-
White papersTrade tensions: Navigating market risks
Escalating trade tensions are injecting fresh volatility into markets. The U.S. trade deficit, which remains sizable with key partners like China, Mexico, and Europe, underscores the stakes in ongoing trade disputes. However, while tariffs could increase costs and disrupt supply chains, history suggests that markets adapt over time. A well-diversified portfolio remains the best defense against short-term uncertainty.
