Is Volatility too low and what re-pricing could mean for various asset markets
The Global Investment Committee remains optimistic about global economy and equity markets despite their recent strong equity rallies and increased political risks.
China has had a significant impact on the supply side in two key global commodities during 2016. Going forward, look out for further actions from China on the supply side of commodities.
Yu-Ming Wang, Yu-Ming Wang, Global Head of Investment and Chief Investment Officer, International on why a fundamental manager should care about E.S.G.
President Trump apparently opted for a more measured tone in his first address to Congress but we are beginning to wonder if his economic policy can be summarised as being an intention to launch a large fiscal expansion behind not just a physical wall but a tariff one as well.
Given the release of the fourth quarter data, we update our decade-long theme about improving corporate governance in Japan.
There has been much concern lately about the new US administration’s trade policy. Taking a step back and looking at global trade numbers, we can draw a number of conclusions that might explain America’s new thinking on trade.
Asia’s Credit market has come a long way since the Asian Financial Crisis of 1998, having evolved into a large, deep and liquid market.
Our Senior Portfolio Manager in New York, who specializes in natural resource equity funds, explains the outlook for oil prices.
As the UK’s pathway to EU exit evolves, one of our local portfolio managers outlines our current thoughts on the UK’s economic and political outlook.
Given the challenges, why bother?
Our head of Global Strategy in New York analyzes and forecasts the developments of major topics arising from the new Administration.
Faced with jetlag and having reached saturation with CNBC and CNN in the hotel room, I found myself watching an out-of-sorts Andy Murray playing in a match that on paper he would have been expected to win. Even though the commentary was in Mandarin (my knowledge of which is limited to around 4 phrases), it was clear that Murray was struggling to gain the initiative and he was being bounced around the court by his opponent but it seems to us that China’s economic policymaking has entered a similar phase vis-à-vis the management of its economy.
Global economic, credit and interest rate cycles are becoming desynchronised. In this paper, we introduce Nikko AM’s first generation default probability model for corporates.
In-depth report: Economic growth in Asia is expected to remain broadly stable in 2017. While there will be greater external uncertainties as well as country-specific challenges, Asian economies are, on balance, better equipped to deal with external pressures compared to a few years back.
Our Senior Portfolio Manager for Emerging Market Debt in London forecasts that in 2017, this asset class could well match 2016’s achievement.
As rates could rise further in 2017, we expect that a broad range of investment themes will help generate enough alpha performance to offset the rates impact.
Why Asia Credit should stand alone from Global Emerging Market Debt.
As we start 2017, we expect the continued recovery in Japan’s economy will be driven by three factors outlined in this article.