The curious case of rising US Treasury yields
US Treasury yields increased sharply after falling leading up to and immediately after the 2 April tariffs announcement. The tariff reprieve on 9 April initially quelled the surge, but rates remain elevated. The surprise is that typically when global risks increase, the flight to quality trade ensues – US Treasury yields go down, prices go […]
Private equity in a net zero world
Managing climate risks and opportunities
Market mayhem bolsters appeal of liquidity products
Money market funds sometimes get a bad rap – they can be viewed as boring. Across the whole investment universe, investors have a vast array of choices: any number of asset classes that seek to balance risk with reward and offer the potential for higher returns. All money markets aim to do is provide a […]
The seven minutes that shook markets
Chartology
Staying steady
The impact of US President Trump’s “Liberation Day” tariffs—and the subsequent changes and recent delay—on the broad financial market has been seismic…but not necessarily for the liquidity space. The tariffs, which have caused massive equity and bond volatility, have not had the same effect on the money markets, which are relatively steady amid the turbulence. […]
Relief rally?
market snapshot
Global Equity ESG, Annual Report 2024
Fast reading Market and performance review, 2024 Engagement overview ESG outcomes Nature in focus: How we’re investing in biodiversity Case studies: Hitachi and Amazon Global Equity ESG, Annual Report 2024 Download Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now Read More Watch now Listen now […]
The contours of a new trade landscape
Near-term equity and currency moves represent a short-term shock to the markets as the investment community digests the tariff news and reassesses relative economic growth, earnings estimates, and access to markets. While the tariff overhang has not disappeared, we are now much closer to the beginning of the end. Total market uncertainty has now been […]
Avoiding the thorns
US President Trump announced his reciprocal tariffs Wednesday in the Rose Garden, but they are unlikely to come up roses for the US and global economies. At a base of 10%, with much higher rates on many other countries, the tariffs are far more sweeping than expected. While most of the world is scrambling to […]
Two ways of being wrong
There are at least two ways of being wrong in investing, and each has its own means of mitigation. One is to be flat-out wrong. Perhaps the most spectacular example of this (among many contenders) may be found in the hapless words of Professor Irving Fisher, a distinguished economist at Yale, who announced in mid-October […]
