Insights

Outlook and Commentary
A backdrop of stronger US growth forecasts indicates that a recession is unlikely over the next 12 months, says Franck Dixmier. With central-bank liquidity yet to peak, and with long-term rates in Japan and the euro zone at historically low levels, Treasuries remain compelling.
31/01/2018
Outlook and Commentary
The Fed isn’t expected to make major news during its 30-31 January meeting, but Franck Dixmier says this is still an interesting moment. Investors have finally priced in almost three rate hikes in 2018, and we will begin to learn where incoming Fed Chairman Jerome Powell stands on abandoning inflation targeting.
29/01/2018
View from the Global Strategist
Our strategists, economists and portfolio managers recently convened in Hong Kong to reflect on the state of the global economy today – and its direction over the next 3-5 years. The gradual tightening of monetary policy could bring a return of volatility, especially in developed markets, but Asia in general and China in particular are bright spots.
26/01/2018
Investment Themes and Strategy
The jury is still out on whether official CPI indices over- or underestimate inflation, but the latter would have consequences that reach far beyond consumers. Key macroeconomic data might be inaccurate, public spending could be too low and investors could suffer from the “stealth devaluation” of important assets.
08/01/2018
Investment Themes and Strategy
Investors who know where to look can find a wealth of online data to “mine” for insights – from Amazon’s price points to consumers’ tweets about Apple’s iPhones. Our Grassroots℠ Research team is scouring these and other “alternative” data sources as part of our proven approach to active investing.
08/01/2018
View from the Global Strategist
FANG stocks have added fuel to a booming stock market, but has their success distracted investors from the need to drive growth across the global economy? Perhaps this New Year is the perfect time to encourage boardrooms to renew their focus on proper long-term investment and real R&D.
29/12/2017
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