Global Equity ESG, Annual Report 2025
Physical risk: Turning climate uncertainty into investment insight As climate pressures reshape energy, food and water systems, physical risk is becoming more financially material, and integrating data, governance and adaptation into investment strategies is now essential. Here, the Global Equity team at Federated Hermes outline their approach to assessing physical risk – at both a […]
The wall of worry gets another brick
Markets generally need walls of worry to climb gradually higher, and this weekend US equity markets received another brick. Add that to the collection we have been watching, particularly AI disruption, valuation concerns around asset-light businesses, private credit, renewed tariff uncertainty, and the direction of inflation. While the war in Iran seems likely to end […]
Market Snapshot
Escalating Iran war rocks markets
Has the floor been raised for the money markets?
There are essentially two ways an extraordinary development can play out: reverting to the mean or creating a new status quo. In finance, the latter is rare, but we believe 2026 is shaping up to be just that for the money markets. Many would agree that the collective performance of stable value products since mid-2022 […]
Market Snapshot
Nvidia: the canary that didn’t sing?
Looking beyond mainstream bonds
What is your economic outlook, and how has that informed your view of credit spreads? The economy is actually doing well. in fact, I expect this year to be even better than last year. We believe GDP growth may be around 3% this year. There are a few reasons for that: less impact from tariffs, […]
The good news and the bad news
We are six weeks into the year and, at a high level, the US investment landscape is unfolding largely as expected. The macro data continues to support our Goldilocks outlook: above-consensus GDP growth, improving productivity, moderating inflation and a gradual decline of interest rates. As earnings season draws to a close, analysts have begun to […]
Market Snapshot
AI fears overshadow strong Q4 earnings
MDT: Ein Tag im Leben eines quantitativen Managers
Wie sieht ein Arbeitstag bei MDT aus? Die Portfoliokonstruktion ist bei MDT Advisers1 ein täglicher, datengesteuerter Prozess, der auf proprietären Tools für maschinelles Lernen basiert. Jede Nacht lädt das Team Daten von Anbietern herunter, berechnet Unternehmenseigenschaften neu und lässt jede Aktie im heimischen Aktienuniversum durch unser Entscheidungsbaum-Modell2 laufen, um neue Prognosen zu erstellen. Diese Prognosen werden […]
AI optimism, not exuberance
Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now What is our long-term view on the AI bubble, and how does this filter into our broader economic view? There’s a lot of concern as to whether AI is in a bubble. We don’t classify it that […]
