Can the Super Bowl predict markets?
Chartology
A year to savour the certainty of coupons (over the guesswork of earnings)
Developed market central banks have indicated they have reached the peak of the hiking cycle and are now carefully taking the steam out of the ‘higher for longer’ narrative. The global economy has been surprisingly resilient, but cash buffers built up through the pandemic are now winding down, locked-in low rates are rolling off, and […]
Asia ex-Japan Equity: Letter to Investors
Capital Constrained
Outlook brightens for emerging market debt
market snapshot
360°, Q1 2024:
Dispersion, disparity, duration
US SMID: Seven questions answered
How do you expect US small caps to fare in the year ahead? US small cap companies have derated relative to larger cap peers over the last couple of years, on fears over the broad economic outlook as the effects of monetary tightening flow through. The stellar performance of some mega cap tech stocks has […]
Where does Europe have the edge in technology?
This European tech sector has grown substantially. The software market, particularly, is an enabler for a lot of common applications. A number of highly differentiated companies operate this space – such as B2B software and enterprise applications firms – providing efficiencies to corporates. A number of European tech hubs are linked to universities. The current […]
Have higher rates made private equity trickier to do?
Low interest rates have helped the private equity industry to flourish over the last 15 years, providing ample capital to finance deals. But a lot has changed in the last two years as rates have surged. This shift, however, will affect different parts of the market in different ways. The thematically-driven and partnership-centric approach Federated […]
What’s behind the boom in direct lending?
An allocation to direct lending, focused on the right strategy, can provide an investor with low volatility, limited correlation to other asset classes, diversification to underlying industries, quarterly cash income and an element of inflation protection. The sharp rise in interest rates over the last two years has resulted in higher yields at a time […]
GEMs ESG Materiality, H2 2023
spotlight on China
