Volatility, velocity and vigilantes
After a choppy start to the year, and a rally through much of Q2 and Q3, the Bloomberg US Aggregate ultimately gave up a portion of year-to-date (YTD) return in Q4, while remaining modestly positive for the year at 1.25%. Growing investor expectations of a Donald Trump win fuelled a risk rally in the weeks […]
Why invest in trade finance?
Fast reading Global merchandise trade volumes reached US$25tn in 2022 – up from approximately US$14tn in 20071 – bolstered by rapid growth in so-called south-south trade (between developing countries), which is forecast to represent 40% of global trade by 20302. Among the factors that makes trade finance a unique investment proposition is that it sits […]
A watershed reached?
market snapshot
Spotlight on US SMID cap stocks
With approximately 2,500 companies to choose from, this asset class offers diverse, high-quality options that are currently trading at a discount compared to large-cap stocks. Additionally, structural tailwinds like onshoring and population growth are expected to fuel future growth, positioning US SMID as a resilient choice. The video also highlights the advantages for stock pickers […]
A gorgeous vista for cash managers
After a year of ever-changing clouds, monetary policy looks clearer in 2025. The Federal Reserve seems to finally have realized it miscalculated in September by slashing rates. Inflation had already plateaued and the labor market was weakening, but hardly weak. Faced with a strong economy, officials have wised up to the reality that policy must be […]
SDG Engagement Equity, Q4 2024 case study
Ansell
Tariffs on the table
Video transcript How do you think tariffs might affect international equities in 2025? Tariffs are going to affect international equities in 2025, primarily because of uncertainty. The uncertainty that obviously comes with the recent Trump election is that the level of tariffs is going to mean that, at the end of the day, we are […]
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 […]
Inflation unlikely to derail Fed plans
market snapshot
Is high yield ‘priced to perfection?’
Economy With solid progress on inflation, the Federal Reserve (Fed) began an easing cycle in 2024. However, January will usher in a new administration and policies contemplated under Trump 2.0 may not be bondholder friendly. While the market has mostly shrugged off concerns to date, President-elect Trump’s policies may lead to greater deficit spending and […]
