White papers - all assets
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White papersUnlocking the potential of European Leveraged Loans
We believe that in 2025 the European leveraged loan market will broaden its appeal to investors as a significant asset class to consider. While it has been well established in the US, it has grown significantly in recent years in Europe, with its market size currently close to that of the European high yield bond market.
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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.
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White papersNavigating market volatility amid US tariffs and policy uncertainty
Amid uncertainty in equities and credit markets, we remain focused on long-term investment fundamentals and building portfolios to weather the storm and deliver for clients.
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White papersQT or Not QT – Part Two
In the previous part of “QT or not QT” we discussed how the Federal Reserve balance sheet needs to change as it approached an optimal level. The final step, discussed by participants in the most recent Federal Open Market Committee (FOMC) meeting, is to structure securities purchases in a way that would move the composition of the SOMA portfolio closer to the composition of outstanding Treasury debt. What would that mean for the current portfolio?
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White papersWhatever it takes, part 2, the European opportunity
Is Europe finally going from being reviled to investable? Carlos Moreno and Thomas Brown, fund managers of the Premier Miton European Opportunities Fund, certainly think so. In this insight they discuss what positives they are seeing in the changing European landscape and where they believe there is particular value for European investors.
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White papersThe diverse economic impacts of artificial intelligence
AI uptake by companies and households appears to have increased significantly in recent months. This is one of the factors that will determine whether AI will increase productivity gains significantly. As we will show in this section, a lot of new data and statistics have been published over the past quarters, and related knowledge has improved.
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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.
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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.”
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White papersCross Asset Investment Strategy - March 2025
Topic of the month: A step forward for Europe
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White papersA step forward for Europe
From sluggish to strong: Germany poised to support Europe’s growth
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White papersScenarios, risks and macroeconomic forecasts - March 2025
Main and alternative scenarios as of 20th February 2025
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White papersPrivate Debt Opportunities in Emerging Markets: Insights for Building Insurance Portfolios
Private debt markets in emerging economies may offer unique opportunities. They can help insurance-industry investors to seek yield enhancement, diversification and less-correlated returns compared to traditional public debt.
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White papersHow to turn Chinese consumption around
What is limiting Chinese spending and what is Beijing doing about it?
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White papersGoing Global in Investment Grade Credit
Investment grade credit yields are attractive even though spreads are tight, and a global approach can add another layer of opportunity.
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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?
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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.
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White papersThe M&A Resurgence: Finding Opportunities in Fixed Income
After years of limited activity, companies are looking for a chance to accelerate M&A, but the new administration and its policies will likely set the tone for dealmaking.
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White papers360° Fixed Income Report: Is the market pricing in a ‘Trump tantrum’ of its own?
Read our latest 360° fixed income report to learn more about our credit team’s outlook for macro, fundamental and technical forces.
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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.
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White papersSteering through the fog of policy uncertainty
Why a short-term economic soft patch should give way to a strong second half for markets.
