Latest Manager Research – Page 50
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White papersPatient investing in India: opportunities and challenges in a rapidly changing economy
Investment returns in the subcontinent have been primarily driven by India since she liberalised her economy in 1991. Investment into one of the earlier Indian indices would have yielded compounded annual returns of approximately 9% in US dollars, from December 1992 to end of March 2025. This compares very favourably with other global and emerging market indices over the same period.
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White papersHow Beta Investors Keep Alpha Under Control
Active ETFs are redefining the parameters of modern portfolio construction, offering solutions to the challenges faced by institutional investors. While it is easy to get lost in the rapidly expanding array of active ETFs, when investing in them European institutional investors have remained firmly anchored near core allocations around established benchmarks such as MSCI World and Europe.
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White papersEmerging Markets 2.0: The Tipping Point Is Here
The past decade has been one of “exceptionalism” for U.S. equities as technological innovation has created a league of American superstar companies driving extraordinary equity gains.
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White papersEmerging Markets hold steady amid softening US dollar, tariff uncertainty
In April, the volatility in global financial markets seen in March continued to ramp up. Notably, this included US financial markets, which exhibited a general pattern of a softening US dollar and rising bond yields. While some analysts have described this as a “classic emerging market crisis,” as veterans of actual emerging crises dating back to 1994, we consider this a wildly overstated perspective.
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White papersWinners and losers from the trade war: An equities view
Rising U.S. tariffs are creating winners in defensive, domestic sectors and losers in export-heavy industries. Investors are shifting toward value and international equities to manage trade-driven volatility.
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White papersAsset Allocation Update – May 2025
Headlines remain dominated by tariff discussions, and we have seen significant row back from the more extended and aggressive tariff levies that caused such distress in markets in early April. However, where there have been ‘deals’ the base line of a minimum tariff of 10% from the US remains in place, which suggests that while there is flexibility around the reciprocal tariffs, the tariff environment will still be substantially higher than in recent years.
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White papersWhy Indian small and mid cap equities deserve a place in your investment portfolio?
India presents a compelling investment opportunity for global investors as it remains the fastest growing major economy in the world with an estimated GDP growth of 6.4% for FYE25 and is poised to become the 3rd largest economy by 2028. (Source: Economic Survey 2024-2025 and IMF).
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White papersReturning to the foundations of infrastructure investing
In recent decades, infrastructure investing has emerged as a preferred strategy for investors seeking long-term, stable returns. The growing recognition of the importance of infrastructure in the modern economy, combined with its intrinsically strong characteristics, has propelled infrastructure investments to the forefront of the private equity investment landscape. However, this popularity has, in some ways, diluted the original intent of infrastructure investing.
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White papersHow private and public markets can steward solutions to societal changes
Many of the challenges of our time, such as climate change, energy security, and economic inequality, are deeply interconnected. We believe that their solutions are as well. The global climate transition is not solely a technological or political issue; it’s also a capital challenge. Investment decisions made today, across both private and public markets, can set the tone for how we shape our energy systems, infrastructure, and economies for decades to come.
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White papersCorporate Spreads. Shifting Patterns and Opportunities
European high-yield companies are benefiting from political initiatives, structural advantages, and clearer market predictability. Recent spread volatility presents attractive opportunities, while strategic reallocations aim to enhance portfolio resilience. Europe currently offers greater stability and competitive yields.
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White papersUS high yield: What we can learn from April’s tariff turmoil
When Donald Trump returned to the White House, investors braced for how markets might react to a renewed escalation of global trade wars.
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White papersShow me the value: Investing in carbon removal, part one
New markets are emerging to enable institutions to invest in nature and potentially achieve sustainability-related objectives alongside key financial outcomes.
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White papersWhere resilient performance meets stability
Private real estate delivers strong performance while providing the stability investors crave
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White papersRenewable Energy and Insurers: Tailor Made?
Investment in clean energy infrastructure may tick a lot of boxes for life insurers.
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White papersIs EM Local Debt Benefiting From ‘America First’?
Emerging markets local debt is regaining momentum, fueled by shifting U.S. policy.
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White papersPrivate equity: The Red Thread – Private Markets – Edition May 2025
Private equity investors have had a busy 1H. The US administration’s 2 April tariff announcement took investors by surprise, leading to a global equity markets selloff as trade war fears intensified. The subsequent rollback of the tariff announcement also surprised equity markets, which rallied significantly on news of a pause. As with the 2022 tech-led selloff, private equity tends to lag the public markets, but is not immune from a turbulent market.
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White papersHumanoids: the shape of future automation?
Humanoid robots are poised to revolutionize automation, but their complexity and cost raise questions about their future applications.
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White papersAdaptation is resilience: Assessing physical climate risk in Canada’s provinces and municipalities
We collaborated with our partners at Concordia University and the Emerging Risks Information Center (ERIC) to assess physical climate risk across Canada’s provinces and municipalities, particularly their exposure to and preparedness for natural disasters. This abridged version of our study highlights key research findings and conclusions.
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White papersLiberation or Aberration: What’s Shaping the Value-Add Opportunity in European Real Estate?
Uncertainties remain on the horizon—but this is extending an already attractive value-add opportunity to invest at the start of a new property cycle.
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White papersEuropean Real Estate: Shelter Amid ‘Tariff-fying’ Times?
U.S. policy uncertainty means Europe might now be going from stagnant economic laggard to a potential oasis of calm for investors. Revisions to German spending plans should help to deliver a growth boost to the bloc in 2026 and beyond.
