Global Emerging Markets Equity Outlook, 2025
Riding the megatrends
How project finance fits into a trade finance strategy
Fast reading Project finance supports the underlying infrastructure that makes trade possible. Federated Hermes focuses on operational and expansionary infrastructure project financing, secured on infrastructure assets that generate steady cash flows. We invest in limited-tenor loans that fund well-established, large-scale projects in emerging as well as developed markets. Trade finance introduces third parties into the […]
China’s ‘Sputnik moment’
On 4 October, 1957, the Soviet Union successfully launched Sputnik 1, the world’s first artificial satellite. The launch ushered in a new era of political, military, technological, and scientific developments, and started the US-USSR space race. On 20 January, Chinese technology start-up DeepSeek released two large language models (LLM), including DeepSeek-R1, a partly open-source large […]
We can live with this
The S&P 500 has been sideways for a while now, something often seen in the weeks after a presidential inauguration; only half of the names in the index currently trade above their 50-day moving average. For the market to exit this period of consolidation with any bullish conviction, that fraction will need to increase. The market […]
Italian banks in focus: Key takeaways from our engagement trip to Milan
The Corporate Sustainability Reporting Directive (CSRD) – is it fit-for-purpose? Companies are racing to finalise their first CSRD-aligned disclosures. However, issuers across several sectors have told us that compliance is neither easy nor cheap; it requires significant upfront costs to establish the necessary IT systems, hire dedicated full-time equivalents (FTEs), and achieve a cultural shift […]
Everything you wanted to know about tariffs and trade finance
(but were afraid to ask)
Set to soar: Our outlook for US SMID
Video transcript Why do you believe now is the right time for US SMID stocks? We believe now is a really good time to be investing in US smaller and mid-cap stocks. Not only is the relative valuation cheap when compared to large-cap counterparts, but we also expect enhanced earnings growth over the next couple […]
Chinese tech stocks rally on AI hopes
market snapshot
Your Questions Answered: Asia ex-Japan
Video transcript South Korea has been in the news a lot recently. How do you view the country? We view the current political developments as more likely to have a positive outcome than a negative outcome, and the likelihood is that the left-leaning Democratic Party’s president will get in. That will mean that both the […]
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 […]
