Insights

Investment Insights by our experts and thought leaders

2016 began in complete panic, with risk assets including emerging markets (EMs) selling off deeply through the first few weeks of the year.

Japan's "Show Me the Money" Corporate Governance - March 2016

Our global strategist sheds light on how corporate profit margins are reflecting the continuing improvement of corporate governance in Japan.

Through the Looking Glass, the Madness of Negative Rates

We suspect that many market participants have viewed the major central banks’ various “extraordinary measures” that have been adopted since the financial crisis of 2007-8 as having been a good thing. Therefore they have perhaps – or most probably – been wrong-footed by the markets’ rather negative reaction to the promises of yet more QE / negative rates / more monetary experiments.

Our Global Credit Strategy: Seeking Services

Our Global Credit staff in London detail their rationale behind concentrating on service sector exposure globally.

Despite Volatility, NZ Equities Outperforming Global Markets

Volatility can provide excellent buying opportunities. Something which gets overlooked in the 'noise' of markets.

Global equities: Structural re-pricing occurring or just volatility?

Our global equities team in Edinburgh explains their views on the prospects for their asset class.

BOJ Adopts Negative Interest Rates

This policy change by the BOJ is a positive in terms of maintaining and strengthening the inflation expectations that have begun to flower.

China: Accept the Landing

There is apparently a saying in the UK’s Parachute Regiment that after you have jumped out of the plane you simply have to accept whatever landing you get. While we might hesitate to liken China’s great credit boom of 2009-2014 as being akin to jumping out of a plane – although there certainly was an element of there being a leap into the unknown – it is clear that China’s economy is landing at present.

The BOJ's Bold Move is Not a Shot in a Currency War

Unfortunately for the soundness of the sleep among BOJ-watchers, Mr. Kuroda believes that surprising the market is the best way to achieve his intended result.

Tea and divining the price of oil -- Oil in the 20's: overshooting on the downside

Our Singapore Multi-Asset and Equity team analysts cover oil’s swoon using a bit of humor, but the clear-cut conclusion is of great importance.

The Japanese Equity Outlook After the Nasty New Year Start

Our Chief Global Strategist regards Japan positively in the global-macro context and predicts that Japanese equities will outperform global equities in the first half of 2016.

Japan Equity Outlook 2016

Our Chief Investment Officer in Japan details the many reasons for optimism on Japanese equities in 2016

What is the Outlook for the Yuan?

Our Singapore fixed income team expounds on the outlook for this clearly globally important factor.

In early 2016, hedge fund Nevsky Capital decided to call it quits after 15 years of successful asset management. One of the reasons for the closure is that since the global financial crisis (GFC), emerging markets (EMs) are breaking away from the transparent 'Washington Concensus' model and are now prone to much less predictible nationalistic policies.

Abenomics Shows Power through Tax Reform

There are many concerns about Abenomics losing its power to reform the economy, but our Chief Strategist in Japan, Naoki Kamiyama, shows that the major developments in tax reform prove that Abenomics is alive and well.

Some Things That Worry Me

It has of course become something of a tradition to do a ‘year ahead’ piece covering themes that could potentially shape the investment landscape and, with this in mind, we have decided to offer our thoughts on just what may lie ahead over the course of what we suspect is going to be a particularly interesting year.

China: Lost in transition?

James Eginton provides his insights on the economic transition in China following a recent research trip to the region. The transition from a reliance on infrastructure investment to consumer spending - perhaps the largest the world will ever see - has significant implications for global growth.

The Fed was even more Dovish than Apparent in the Headlines

John Vail reflects on the Fed decision and the path forward. The Fed was even more dovish than apparent in the headlines.

US & China Economies Sturdy in 2016; So-So for EZ and Japan

Nikko Asset Management's Global Investment Committee met on December 8th and updated our intermediate-term house view on the global economic backdrop, central bank policies, financial markets and investment strategy advice.

Fed Normalization, but not ECB or BOJ

We only expect mild further easing ahead, especially as the ECB does not wish to cause a rupture while the Fed is hiking rates.