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 […]
The Leverage Paradox
How non-recourse debt has the potential to reduce risk in institutional real estate portfolios
Market Snapshot
Will Iran war flare-up force Fed’s hand?
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 […]
The US$2.5tn funding gap investors should not ignore
The trade finance story is not really about shipping containers, letters of credit or the mechanics of cross-border commerce. Investor capital can do something different here: finance the movement of real goods and loosen the grip of the return drivers that dominate most portfolios. The timing couldn’t be more relevant. Investors are still demanding income, […]
Equitorial: What does risk look like today?
Global Equities
From rally to reality: credit markets enter a new phase
360°
Market Snapshot
Yen slides to 40-year low against dollar
Five questions, five answers
Sustainable Global Equity
