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This Quarter (Q2 2019) Hide
EMERGING MARKETS
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INVESTMENT INSIGHTS
POLICY INSIGHTS
INVESTMENT VIEWPOINT
MARKET COMMENTARY - FIXED INCOME
INVESTMENT VIEWPOINT
INVESTMENT INSIGHTS
INVESTMENT INSIGHTS
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INVESTMENT INSIGHTS
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Previous Quarter (Q1 2019) Hide
INVESTMENT INSIGHTS
INVESTMENT INSIGHTS
INVESTMENT INSIGHTS
INVESTMENT VIEWPOINT
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What's the connection between the classic sitcom and the problem of investing in star fund managers? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
INVESTMENT INSIGHTS
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
INVESTMENT VIEWPOINT
INVESTMENT VIEWPOINT
INVESTMENT VIEWPOINT
INVESTMENT VIEWPOINT
INVESTMENT INSIGHTS
PRICE POINT - IN BRIEF
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Nick takes apart a famous literary quote – “If we want things to stay as they are, things will have to change” – to explain why investors need to re-examine their investment approach. Read More...
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With a new year under way, here's what to watch in the European high yield markets Read More...
POLICY INSIGHTS
INVESTMENT VIEWPOINT
INVESTMENT VIEWPOINT
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Markets have started the year in a jittery mood, but we do not think a recession is imminent. Read More...
BLOG
In his latest blog, Nick outlines three New Year's resolutions that don't involve running or bacon rolls. Read More...
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Over the past decade, value investing has endured one of its deepest droughts of underperformance. This shortfall has spanned market capitalization and geography. Is value investing dead or poised for a revival? Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
Q4 2018 Show
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
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Our recent visit was centred around a major conference, allowing the team to meet a number of key public companies. Read More...
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Themes, trends and adoption do not happen in a vacuum, and our research platform can help identify which companies can benefit. Read More...
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On the face of it, the US presidential process for deploying nuclear weapons bears little similarity to investment management. But the two share a crucial problem that, left unaddressed, poses considerable risk. Read More...
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Recent headlines have linked the inverting US yield curve to an impending recession, but what can we actually take away from it? Read More...
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Conventional wisdom believes that current Fed policy is “loose to neutral,” but data suggest that it is tighter than that. Read More...
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Recent weakness within equity markets has focused investors on whether the aging bull can keep staring down an “end of cycle” bear case. Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
BLOG
As we head toward 2019, we highlight some investment ideas to help navigate the key market forces. Read More...
INVESTMENT APPROACH
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The macro outlook in China continues to dominate investor thinking, with concerns focused on slowing economic growth. Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
POLICY INSIGHTS
BLOG
Two fundamentals of equity markets are key to understanding why this equity bull market may have further to run. Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Our Emerging Markets Value Equity Strategy passed its three-year anniversary and I am seeing more opportunities now than at any other time. Read More...
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As equity markets charge into their ninth year of a global bull run, the GFC seems like a distant memory. But with many investors de-risking in anticipation of a market correction, we look at the importance of being diversified from equities. Read More...
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What can the WWII process for assessing fighter plane damage teach us about fund selection today? Read More...
PRICE POINT - IN BRIEF
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There is a trend towards passives when investing in Japanese equities, which - ironically -makes Japan an even more compelling proposition for active managers. Read More...
PRICE POINT - IN BRIEF
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How should bond investors approach markets such as Turkey and Argentina? Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
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Mike Della Vedova addresses four frequently asked questions about the prospects for European high yield over the rest of the year. Read More...
PRICE POINT - IN BRIEF
Q3 2018 Show
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Despite parallels between the present growth rally and the 1990s tech bubble, we believe the outlook for growth stocks is very different today. Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
The US Treasury yield curve has recently flattened and may soon invert. What does this mean for the economy and how should investors prepare? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
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What does the recent shift in policy mean for bond investors? Read More...
PRICE POINT - IN BRIEF
BLOG
Following MSCI’s announcement that Argentina and Saudi Arabia will be included in its Emerging Markets Index, investors have expressed concern about the impact on frontier markets. Read More...
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With the U.S. economic expansion now in its 10th year, many are asking: Just how long can the good times roll? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
The 'size premium' is still expected by some investors, but can it still be considered a rule of thumb given small caps have not outperformed for over a decade? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
BLOG
The global economy is weakening on the back of the rising oil price, trade fears, reduced capex and Chinese deleveraging. Read More...
BLOG
U.S. high yield has performed well this year, delivering positive returns at a time when other fixed income sectors have declined. However, we are cautious about the asset class. Read More...
BLOG
The question of whether or not to hedge foreign currency exposure has grown more complicated. Is there a new rule of thumb? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Demand for 'new economy' sectors has driven valuations of high-growth EM companies to historical highs. What might prompt a reversal of fortune? Read More...
PRICE POINT - IN BRIEF
Q2 2018 Show
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
In light of Saudi Arabia’s MSCI upgrade, Oliver Bell takes a closer look at some of the country’s untapped investment opportunities. Read More...
BLOG
The rally in US growth stocks is more than just a FAANG story. Taymour points to four diversified sources of alpha flying below the radar. Read More...
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Growth stocks have been fuelled by a number of factors unique to this economic cycle, but a shift in conditions may see a value comeback. Read More...
BLOG
While the outlook for Asia is positive, near-term headwinds are growing. Against this backdrop, fundamental investment research is key. Read More...
STRATEGY SPOTLIGHT
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Patience is the perennial friend of the value investor. Read More...
PRICE POINT - IN BRIEF
BLOG
On a price-to-earnings basis, global equity valuations haven’t actually risen over the past two years. Read More...
BLOG
We remain confident in the long term outlook for companies that are on the right side of change. Read More...
BLOG
The prospect of a populist coalition in the third-largest euro-area economy has rattled the markets. But Italy is financially stronger than it was in 2011. Read More...
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In recent years the Japanese economy has gone from strength to strength. What is behind the economic expansion, and what lies ahead? Read More...
PRICE POINT - IN BRIEF
BLOG
With several indicators pointing to the end of the global economic expansion, what should investors expect next? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
The dollar changed direction in April. The big question now is whether this is the beginning of a new trend. Read More...
PRICE POINT - IN BRIEF
BLOG
On-the-ground fixed income research in central and Eastern Europe Read More...
BLOG
A confluence of factors looks set to make the European high yield sector ripe for investment Read More...
PRICE POINT - IN BRIEF
BLOG
Emerging Markets Diary - March 2018 Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Valuations, inflation, recession. Where next for the U.S. equity market? Read More...
PRICE POINT - IN BRIEF
MARKET OUTLOOK
PRICE POINT - IN BRIEF
BLOG
US President Donald Trump’s experiments in trade warfare could influence correlations between equities and fixed income. Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
Q1 2018 Show
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Having an informed view on where Treasury yields “should” be is an important guide to decision making — especially if fair value is out of line with market pricing. Read More...
BLOG
U.S. equity markets in general appear fully valued, but we don't think that necessarily precludes stocks from further gains. Read More...
POLICY INSIGHTS
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Investors should consider having some protection in their portfolios Read More...
BLOG
With volatility subsiding, will issuers seize the opportunity to come to market? Read More...
BLOG
A rise in inflation and tighter monetary policy certainly could be a risk to “goldilocks” but some injection of uncertainty feels normal as well as healthy. Read More...
BLOG
Is the environment evolving into a state that could potentially be more constructive for value investors? Read More...
BLOG
For bond investors, caution could pay off in 2018. Read More...
PRICE PERSPECTIVE - IN DEPTH
PRICE PERSPECTIVE - IN DEPTH
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
We brought forward our trip to South Africa where political developments could have positive effects for neighbouring countries Read More...
POLICY INSIGHTS
BLOG
The growth of the information technology sector within emerging markets has been quite remarkable in recent years. Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Our biggest wish of all this year is for the positive recent political developments in Africa to lead to a real reversal of economic fortunes. Read More...
PRICE POINT - IN BRIEF
BLOG
The T. Rowe Price Emerging Markets Equity team reports back from their reserarch trip to Turkey, while our Frontiers team update on Saudi Arabia. Read More...
BLOG
Key risks, trends and growth drivers in 2018. Read More...
INVESTMENT VIEWPOINT
BLOG
With a new year underway, here's a five-point guide for what's in store for European high yield markets Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
We highlight our favoured areas and the key events to watch across frontier markets in 2018 Read More...
US EQUITIES
EUROPE
GLOBAL ASSET ALLOCATION
EMERGING MARKETS
GLOBAL EQUITIES
GLOBAL FIXED INCOME
GLOBAL ECONOMY
PRICE POINT - IN BRIEF
US EQUITIES
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
GLOBAL EQUITIES
BLOG
The markets give, and the markets take away, and this has been a year when markets have given little joy to value investors. Read More...
BLOG
Despite the likely evolution of the equity cycle and the injection of some complexity, we have been cautiously optimistic, and remain so. Read More...
PRICE POINT - IN BRIEF
GLOBAL FIXED INCOME
GLOBAL ECONOMY
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Valuations may look expensive, but there are a number of factors supporting the sector. Read More...
PRICE POINT - IN BRIEF
BLOG
The upcoming ANC leadership election in South Africa offer potential for a positive market trigger where equities are pricing in little chance of a reformist outcome Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
ASSET ALLOCATION VIEWPOINT
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
The global economy appears to be on a steady course at present, but dangers loom on the horizon Read More...
BLOG
Is the collapse of the “wall of worry” in 2017 the beginning of the end for a monumentally old bull market? Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Finding Value in Emerging Markets Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Assessing the technicals, fundamentals and valuations of the market Read More...
PRICE POINT - IN BRIEF
BLOG
Botswana’s economy faces challenges, but we see definite improvement Read More...
PRICE POINT - IN BRIEF
BLOG
The untapped potential of Sri Lanka Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Could the prospect of rising inflation change the economic regime and, at worst, end the equity cycle? Read More...
BLOG
Low headline volatility disguises some big return spreads and a meaningful shift in the market fabric. Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
PRICE PERSPECTIVE - IN DEPTH
MARKET COMMENTARY - FIXED INCOME
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
One interesting characteristic of the China A-share market is that there is currently very little correlation between valuation and quality. Read More...
BLOG
As more countries move along the path to prosperity, who will be next and how will the frontier universe evolve going forward? Read More...
BLOG
In some ways, today's risk environment feels like the runup to the Global Financial Crisis Read More...
ASSET ALLOCATION VIEWPOINT
BLOG
After a great run for risky assets, especially in emerging markets, the mood music has started to change Read More...
BLOG
We believe a cautious approach is justified by the current risk environment. Read More...
BLOG
Despite the proximity of the three countries, the drivers of each economy are different. Read More...
BLOG
How currency pairings can be mixed and matched to help eliminate risk factors and isolate opportunities Read More...
BLOG
The strong recent market performance and decline in volatility is remarkable. What is behind the calmness of financial markets? Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
BLOG
It's all about the fundamentals. Read More...
GLOBAL FIXED INCOME
GLOBAL EQUITIES
BLOG
A visit to India heightened our belief in the changing fortunes of the south Asian nation’s economy Read More...
BLOG
It's crucial to embrace the complexity embedded in the nature of markets to achieve both different and superior results Read More...
BLOG
How to narrow down the best opportunities in a broad opportunity set. Read More...
BLOG
As equity markets and equity valuations have been spurred on by renewed expectations of economic recovery, are corporate earnings finally at a point of improvement? Read More...
BLOG
The challenge facing global equities now is that the data that have driven equity markets higher over the past year is perhaps looking “too good” near term. Read More...
POLICY INSIGHTS
BLOG
The positive trend for emerging markets continued in April Read More...
BLOG
Why euro high yield is looking more attractive than the US today Read More...
PRICE POINT - IN BRIEF
EMERGING MARKETS
PRICE POINT - IN BRIEF
BLOG
Naturally, the scars incurred during the financial crisis have been slow to heal, but confusion has also reigned for much of this equity cycle Read More...
STRATEGY SPOTLIGHT
BLOG
The term emerging markets is now more a matter of benchmark classification as opposed to some common fundamental reality. Read More...
BLOG
We see recent developments as supportive for bond markets in the developed world. In the emerging world, the picture is more complex. Read More...
PRICE POINT - IN BRIEF
BLOG
Could South Africa be the next Brazil? It’s too early to get bullish on politics, but with competent, honest people the potential is considerable Read More...
POLICY INSIGHTS
BLOG
Currency risk must be managed. This, and adding value via currency selection, can boost the risk-return trade-off. Read More...
BLOG
Vietnam is an intriguing market undergoing significant change Read More...
BLOG
It's not just about performing well during the good times: managers also need to minimize losses when markets turn down. Read More...
PRICE POINT - IN BRIEF
INVESTMENT VIEWPOINT
PRICE POINT - IN BRIEF
BLOG
Value indices have been enjoying some time in the sun after a dire period for the style, but are we set for a prolonged recovery? Read More...
BLOG
We are at a “now or never” point for capex revival, with corporate optimism fighting with political uncertainty like never before Read More...
BLOG
The quality of the meetings compared with three years ago was infinitely better. There has been a real uplift in the engagement with companies. Read More...
BLOG
Central banks are tiptoeing toward tightening. Does this spell an end to the rally in risk assets? We don’t think so Read More...
POLICY INSIGHTS
BLOG
The Frontier Markets Equity team were in Vietnam recently, a market undergoing significant change where stocks have performed strongly. Read More...
BLOG
Do short duration high yield strategies really offer the best protection in a rising rate environment? Read More...
PRICE POINT - IN BRIEF
POLICY INSIGHTS
BLOG
While more growth is often seen as a universal positive and is at the core of the Trump administration’s policy rhetoric, inflation is not a clear cut positive. Read More...
BLOG
Though still too early to pass judgement, it does appear that after the initial frenzy, the sifting exercise has begun Read More...
BLOG
The team have got off to a whirlwind start so far in terms of travel, with Taiwan, China, Mexico, Egypt and Poland ticked off in the last few weeks. Read More...
PRICE POINT - IN BRIEF
MARKET COMMENTARY - EQUITY
BLOG
So will this be a rooster year for the region, or more of a feather duster? Read More...
BLOG
New issues offer a good way of finding fresh opportunities but in a fast-moving market where investor sentiment fluctuates, fundamental credit research is key Read More...
BLOG
To maintain the strong growth momentum, we need to see a transition in demand from consumption to capital formation Read More...
BLOG
Further hikes would not help Trump to fulfill his objective of creating jobs in the Rust Belts Read More...
PRICE POINT - IN BRIEF
BLOG
Pre-election rhetoric and post-election change are often two very different things, a reality the stock market will have to grapple with in 2017 Read More...
PRICE POINT - IN BRIEF
BLOG
"Donald Trump’s presidency will bring deregulation and tax cuts; however, his stance on trading could raise tensions with China." Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE PERSPECTIVE - IN DEPTH
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
What's in store for European high yield markets? Read More...
BLOG
The key charts to watch over the next 12 months Read More...
BLOG
At least for value investors, bad news can be good news, and we have had plenty more bad data points relating to Japan’s economy in the past year Read More...
BLOG
At least for now, the market is choosing to look through a crescendo of macro and political noise (and change) and focus on the potential for cyclical recovery. Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
MARKET COMMENTARY - FIXED INCOME
BLOG
As the global growth backdrop improves, the major central banks are edging towards policy normalization Read More...
BLOG
India’s demonetisation programme is further evidence of Modi’s willingness to make tough decisions on the path to reform Read More...
BLOG
The Italian Vote: a Sign of Things to Come? Read More...
BLOG
Global Growth Lifts Amid a Benign Outlook for Global Inflation Read More...
BLOG
Here’s a succinct case against and then for European equities as investors ponder their asset allocation into 2017 Read More...
BLOG
The election of Donald Trump and his pro-growth policies have lifted sentiment and provided a better fundamental backdrop for financials. Read More...
PRICE PERSPECTIVE - IN DEPTH
BLOG
If Trump fulfils his promise of a more isolationist approach, it will present a once-in-a-lifetime opportunity for China Read More...
BLOG
We will be watching closely to see who Trump appoints to his team and to analyse more details on the policy agenda that will be pursued Read More...
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
PRICE POINT - IN BRIEF
BLOG
Will this summer's "stop getting worse" earnings trend have the stamina to "start getting better" as we head into 2017? Read More...
PRICE PERSPECTIVE - IN DEPTH
BLOG
The team travelled extensively across the region again in October with trips including the Philippines, Taiwan and Macao Read More...
PRICE POINT - IN BRIEF
BLOG
"At the start of the month, our team spent time visiting 19 companies across a range of industries in Korea and Taiwan." Read More...
PRICE PERSPECTIVE - IN DEPTH
PRICE PERSPECTIVE - IN DEPTH
PRICE POINT - IN BRIEF
BLOG
"We remain cautious on Turkey as the attempted military coup put our team trip on hold." Read More...
BLOG
The UK’s decision to leave the EU could have a significant impact on partners such as Poland, Hungary and Lithuania. Read More...
BLOG
For investors willing to consider allocating to developing world bonds again, there are a growing number of opportunities developing in both bonds and currencies Read More...
MARKET COMMENTARY - FIXED INCOME
BLOG
A flurry of new bond deals have been brought to the European high yield market Read More...
BLOG
Europe's market valuation alone indicates there is scope for a meaningful recovery at some point Read More...
PRICE POINT - IN BRIEF
BLOG
Without doubt, the policy space for the global central banks is shrinking Read More...
BLOG
Signs of accelerating global growth have increased the chances of policy tightening. Read More...
BLOG
Most central banks have resisted major actions recently. But the Bank of Japan’s “comprehensive assessment” of its policies could deliver more rate cuts soon. Read More...
PRICE POINT - IN BRIEF
BLOG
After healthy returns so far this year, what can we expect from European high yield for the rest of 2016? Read More...
PRICE PERSPECTIVE - IN DEPTH
PRICE POINT - IN BRIEF
BLOG