When risk is underpriced, quality is all the more valuable
High yield is all about risk and reward – and lately risk isn’t being priced appropriately. We remain defensive in our high yield positioning for two reasons, one macro in nature while the other involves dynamics within the market itself. What they have in common is an underpricing of risk and a need to focus on […]
New name, same philosophy
(Re)introducing: Global SMID Equity Engagement*
GEMs Equity, Outlook H2 2025
Targeting tomorrow’s winners
The balancing act continues
The US Treasury market has been caught in a narrow range lately, confined by data portraying a resilient economy and some signs of tariff inflation passthrough that grabs the attention of a patient Federal Reserve (Fed). Current expectations are that the US economy continues to expand, albeit at diminished underlying rates as consumer spending growth has slowed, […]
What’s next for Asia ex-Japan?
Video transcript What is your outlook for the rest of the year for Asia ex-Japan equity? Our outlook for China for the rest of the year has been slightly complicated by what has happened year to date. At the beginning of the year, we were very bullish on China and Korea, and less so on […]
GEMs ESG Materiality, H1 2025
Examining biodiversity risk
Summertime…but will the Fed be easing?
Work/life balance is a challenge for investors, what with 24-hour-a-day global business news coverage and a bevy of budgets, tariffs, geopolitics and related data to consider. Although summer is still a time when market participants take some time off, it’s also a good time to consider recent trends and where markets are now. Both equity […]
Signs of a growing deficit attention disorder
In investment parlance, we like to talk in quarters, but the first half of 2025 can really be divided into three distinct periods. The first two months of the year were relatively quiet, with modest movements in interest rates and spreads as the new administration went about setting its agendas. March and the first half […]
Marking four years of Sustainable Global Equity
Video transcript Where do we see value in the portfolio today? We see a lot of value in the portfolio as we look at it today. Over the next 12 months, we are expecting high teen earnings growth for the strategy, and that compares to high single digits for the broader benchmark. At the same […]
Can the S&P 500 maintain its rebound?
market snapshot
