A guide to fixed income and the US election

Fast reading The race for the House of Representatives and the Senate is also too close to call. The uncertainty has prompted slightly more defensive positioning, at least in the short term. There is a decent cushion to total returns this year. The rate outlook and supportive fundamentals means this is unlikely to change, but […]
Decades in the making: MDT Advisers

Who is Federated Hermes MDT Advisers? Video transcript MDT Advisers is the active quantitative equity arm of Federated Hermes. MDT is a US equity-focused investment manager; today we manage nearly US$12bn across several US equity strategies, including a market neutral strategy. While the name ‘MDT’ may not be familiar to you, we have been around […]
A false dawn for China?

Market snapshot
Stock market looking to run the table

One mystery that the Bears forever struggle with is how stock markets are fuelled by the Wall of Worry. Try as we all might to find problems that the market doesn’t already know about it, and hasn’t already reflected in valuations, time after time the markets rally into those very concerns. Everyone is analysing the […]
Has China’s luck changed?

Edit with Elementor Loading Video transcript The Chinese equity market has rallied since late September. Over a two-week period, the market became one of the best performing markets year to date. So far, the rally has been mostly driven by retail investors, ETFs, while institutional investors are still sitting on the sideline. In fact, most […]
Financing Europe’s push for energy security

Trade finance case study
Can Beijing do enough to maintain the rally?

Fast reading At the most recent Politburo meeting, President Xi Jinping outlined a far-reaching commitment to enact measures that protect the economy, property and equity markets from further deterioration – it was a clear ‘whatever it takes’ statement. Officials have launched a series of fiscal and monetary stimulus measures, but investor enthusiasm has been tempered […]
Making the moat of it

An investing concept widely associated with Warren Buffett, feted CEO of Berkshire Hathaway, is to find companies with wide ‘economic moats’. Generally speaking, these are the kind of companies that have developed advantages allowing them to defend their profitability against encroaching competition. A strong brand identity (created through advertising and marketing expense) might be one […]
Impact Opportunities Equity, Annual Report 2023

Edit with Elementor Loading Fast reading: Market performance and review, 2023 Activity highlights, 2023 Thematic focus: Is the end in sight for animal testing? Case study: Novo Nordisk Impact Opportunities Equity, Annual Report 2023 Download Archive: Please see previous reports below: Impact Opportunities, Q2 2024 Impact Opportunities, Q1 2024 Impact Opportunities, Q4 2023 Impact Opportunities […]
Investors vote with their feet

Video transcript Presidential election years tend to be very volatile and choppy in the latter stages going into the election. There were two indicators that we’re watching closely. The first is the economy itself. If the economy historically is growing strongly into the election, the incumbent party retains the White House 100% of the time. […]