Gilt trip
The term ‚bond vigilante‘ has been tossed about lately, as fears arise about the sustainability of government debt burdens. The UK, in particular, has been on the receiving end of these narratives. Bond vigilantes are hard to distinguish from normal bond investors who are simply reacting to traditional economic cycles or allocation needs. So, what […]
Schwellenmärkte beschleunigen fiskalpolitische Verbesserungen
EMD-Bericht Q1 2025
Asien ex Japan: Eine Verschiebung der Momentum-Dynamik?
Brief an Investoren
Finding the balance
Investors seeking to determine a security’s ‘true’ long-term value and to invest in those priced below that value can employ various methods. Some may build dividend discounting models or apply multiples to earnings forecasts. Others may come from the top down, estimating total addressable markets, market shares and profit margins. One commonality these investors share […]
AI start-up rattles US goliaths
market snapshot
European stocks rally despite tariff fears
market snapshot
New sheriff in town
In the run-up to President Trump’s second term, investors have been trying to handicap the potential impact of his fiscal policies on inflation, economic growth, corporate profits, the Federal Reserve (Fed) and financial-market performance. Equity enthusiasm prevailed from early August into early December, as the S&P 500 soared 19% over that four-month period to its 57th […]
Fiscal expansion fears loom over debt markets
Fast reading ‘Fiscal expansion’ in many of the world’s largest economies looks poised to rise to the top of investors’ concerns in 2025, ahead of monetary policy. As interest rates stabilise, investors may be tempted to extend credit duration. However, geopolitical and economic upheaval has heightened uncertainty. Short duration strategies provide the ability to move […]
US-SMID-Aktien im Spotlight
Mit einer Auswahl von rund 2.500 Unternehmen bietet diese Anlageklasse vielfältige, qualitativ hochwertige Optionen, die derzeit mit einem Abschlag im Vergleich zu Large-Cap-Aktien gehandelt werden. Darüber hinaus wird erwartet, dass struktureller Rückenwind wie Onshoring und Bevölkerungswachstum das künftige Wachstum ankurbeln wird, was US SMID zu einer robusten Wahl macht. Das Video hebt Vorteile für Stockpicker […]
All change at the top? A 2025 outlook for US SMID
In this latest edition of our virtual portfolio briefings, Steven Chiavarone, Head of our Multi-Asset Group, delves into macroeconomic trends shaping the US market. The discussion continues with the US SMID investment team (Mark Sherlock, Lead Portfolio Manager; Henry Biddle, Co-Portfolio Manager and Charlotte Daughtrey, Equity Investment Specialist) who assess the impact of the election […]
