We’ve read the headlines. Extreme weather events from wildfire to floods are forcing governments and companies around the world to consider climate-related risks as they plan for the future. Reducing greenhouse gas (GhG) emissions has been central to these plans
MACROECONOMIC OUTLOOK Why the global economy—and markets—still have room to run Although some of the risks that have weighed on the global economy may be starting to fade, it is too soon to sound the all-clear. We anticipate that 2020
So you are telling me you will start your diet in 2021? Eaton Vance Management, a pioneer in the emergingmarkets debt space, presents the Emerging Markets Debt Monitor. We provide a comprehensive review of the emerging markets landscape through the
While US‑China trade issues still haven’t been resolved, there are reasons to be optimistic about the prospects for emerging markets in the coming year, according to Manraj Sekhon, chief investment officer, Franklin Templeton Emerging Markets Equity. He shares his outlook
The presidential election year has begun, and the rhetoric around health care policy is likely to get louder as campaigning heats up. Tony DeSpirito talks with Portfolio Manager Erin Xie about the implications for health care stocks. In a year-end
The protection against inflation is a key goal for many investors, especially for those whose liabilities fluctuate with the inflation rate. This has traditionally been particularly important within emerging market (EM) countries as inflation tends to be higher than developed
At a time when passive investing continues to gain market share, emerging market (EM) corporate bonds are an asset class that remains inefficient and under-researched enough to reward active security selection, potentially allowing active managers to add value consistently over
Emerging market debt has done well in 2019. Fundamentals for 2020 look reasonable and we see some opportunities, but risks persist, meaning a selective approach appears warranted.
Rick Rieder and Russ Brownback argue that contrary to the many year-end outlooks foreseeing either a recession or a rebound in 2020, the most likely path for the economy and markets is more moderate, which can be encapsulated in their
Executive summary This report summarizes the findings of research MSCI performed as part of the mandate defined by the Ministry of Finance of Norway, as described in the Appendix. Global markets have become increasingly interconnected over time due to more
Asset Allocation Insights Emerging Market Stocks: Getting Comfortable with the Uncomfortable Owning emerging market stocks has been a frustrating experience recently. Since the start of 2018, the MSCI Emerging Markets index has fallen 9.5% in USD terms (3.1% local)1 while
We have made meaningful changes to our tactical asset views heading into 2020, including a moderate tilt into cyclical assets. Mike explains. Two dueling forces have shaped asset performance in 2019: the protectionist push and a dovish pivot in monetary
We expect to see flows back into UK equity and credit now that some of the Brexit uncertainty has been removed. The ruling UK Conservative Party won a large outright majority in Thursday’s election, giving Prime Minister Boris Johnson a
Emerging Markets –tomorrow is another day Growth has been weak in 2019, hurt by the US/China trade war and a series of idiosyncratic issues for countries such as India, Brazil, Mexico, Argentina and South Africa. We expect some rebound in
Positive returns across asset classes in 2019 may limit tax loss selling in closed-end funds, but we see potential long term value in select sectors where investors can still buy assets at a discount. 2019 has been a strong year
We identified the protectionist push as a key market driver this year but we did not foresee the massive move down in global yields. Scott talks through our 2019 calls. In 2019 the key drivers of global markets have been
A resumption of monetary easing and ultra-low bond yields this year challenge the role of government bonds as portfolio ballast. Scott explains. Monetary policy may have reached its limit in stoking growth – and interest rates in some developed markets
Andre Bertolotti and Jaime Maihuire Irigoyen from BlackRock Sustainable Investing share a first-of-a-kind “materiality matrix” showing which ESG characteristics appear most financially relevant across various global credit industries. Sustainable investing – the combination of traditional investment approaches with environmental, social
“Pressure Drop,” the classic Toots and the Maytals song, comes to mind as we see a de-escalation in trade tensions with China, diminishing risks of a no-deal Brexit and few signs that the record U.S. economic expansion is ending or
Rick Rieder and Russ Brownback argue that – in contrast to the past decade of monetary policy lifting all economic boats at once – the years ahead are likely to be characterized by great dispersion between economies, industries and markets.
Fixed income is quickly catching up in the field of sustainable investing. Brian shares the latest insights. The stock market has been an early player in sustainable investing – while the fixed income market has lagged in data, tools and
An Emerging Commodity Coalition Why this report? Regardless of size in global GDP, the BRICS are responsible for almost half of consumption and production of commodities. This makes BRICS an interesting topic to address. But the BRICS will face some
Markets hate uncertainty, and the type deriving from geopolitical unrest has been heightened this year. Jeff Shen discusses why there may be a silver lining on the horizon for investors. Geopolitical risks seem to be on a constant crescendo. Each
Size matters. Profitability matters. To identify superstar companies in emerging markets, however, we believe ‘economic moats’ is an important concept. This is also identifying the key factors driving that competitive advantage and how dependent the business is on superior management.
Looking forward, the emerging market (EM) economic growth differential over developed markets will persist. This should continue to propel the emergence of the EM middle class, providing long-term investors with opportunities in EM equities. This includes not only consumer sectors
"We more than ever need a targeted investment agenda that stimulates ‘real’ economic growth," @hanswstegeman argues, "instead of the current financial agenda, which above all sustains elevated asset prices."
Discover our Q1 2020 Economic Outlook on our website now.
Global 5G deployment could trigger the emergence of a whole range of new services, say UBP’s experts. Read this piece to find out why and how.
