Global Emerging Markets Equity Outlook, 2025

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Riding the megatrends

Italian banks in focus: Key takeaways from our engagement trip to Milan

Image taken from below looking up at the skylight of the Galleria Vittorio Emanuele II in Milan, Italy

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 […]

Set to soar: Our outlook for US SMID

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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 […]

Your Questions Answered: Asia ex-Japan

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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 […]

EM leaders drive fiscal policy improvements

EMD report Q1 2025

Asia ex-Japan Equity: Letter to Investors

A shift in momentum?

Finding the balance

Investors seeking to determine a security’s ‘true’ long-term value and to invest in those priced below that value can employ various methods. Some may build dividend discounting models or apply multiples to earnings forecasts. Others may come from the top down, estimating total addressable markets, market shares and profit margins. One commonality these investors share […]

AI start-up rattles US goliaths

market snapshot

European stocks rally despite tariff fears

market snapshot