China Equity Q2 2026
Mind the gap
Asia ex-Japan: Q2 2026 in review
Fast reading Asian equities in Q2 this year were dominated by a narrow cohort of high-beta, AI-related stocks, with sharp reversals and rapid factor rotations overwhelming fundamentals and valuation discipline. While this has created short-term relative headwinds for a differentiated, conviction-led portfolio such as ours, it is important to frame recent performance in the context […]
Muted, positive returns for fixed income in an eventful quarter
De-escalation of the conflict in Iran and the Federal Reserve (Fed) leadership change grabbed the headlines in Q2. Oil prices fell sharply as the US and Iran signed a Memorandum of Understanding (MoU), extending the at-times shaky cease fire and agreeing to 60 days of negotiations. This credible off-ramp from the conflict allowed Brent and […]
Equitorial: What does risk look like today?
Global Equities
From rally to reality: credit markets enter a new phase
360°
Five questions, five answers
Sustainable Global Equity
Five Questions: Global Short Duration Credit
1. What’s the Strategy’s focus? The Global Short Duration Bond Strategy invests in a diversified portfolio of debt securities, offering broad exposure across geographies, sectors, and asset classes. It has a global mandate, including allocation to emerging markets, with a primary focus on corporate bonds. It also maintains a meaningful allocation to asset-backed securities (ABS), […]
The old EM playbook is out of date
Many investors still view emerging markets (EMs) as highly cyclical economies that depend heavily on global trade, commodities, and demand from developed-market consumers. These markets are often perceived as especially vulnerable to political and geopolitical instability, a strong US dollar, and capital outflows during periods of market stress. The past few years have challenged many […]
Tech IPOs play leapfrog
The IPO market is ultimately the byproduct of real-time creative destruction driven by technological innovation. In IPOs, we see the advent to the public marketplace of ideas that have been developing — often for decades — before becoming commercially viable. This year presents us with a notable example of the phenomenon with over 70 IPOs […]
Sustainable Global Equity, engagement commentary Q2 2026
Lonza Group
