Beyond Bulls & Bears

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A Year for Value?

While stocks are certainly vulnerable to near-term volatility, we think the asset class globally remains well positioned for long-term performance potential.

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A Sense of Déjà Vu

We enter 2016 with a sense of déjà vu. Areas of the global financial market where longer-term risk/reward profiles were more attractive to us last year remain so in the early stages of 2016, driven in part by the persistence of several important financial and economic factors.

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Fixed Income

Australia and Higher US Interest Rates

Market watchers have long anticipated the (US) Fed’s move, but the reality of a world confronted with higher interest rates may present a significant test for many investors.

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Fixed Income

Seeing the Silver Lining for Fixed Income in Fed Move

As we look ahead to 2016, we finally have entered this long-anticipated rising-rate environment. However, it’s likely to be slow and steady, and certainly not something we believe should cause major portfolio dislocations for fixed income investors.

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Equity

Fed Delivers Rate Hike: Holiday Gift or Lump of Coal?

We think the Fed’s move to raise interest rates confirms its confidence that the US economy and financial system are no longer in a vulnerable post-crisis state. To us as investors, that should be viewed as good news.

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Equity

What’s Up for Equities Down Under?

If China’s growth rate continues to slow in the year ahead, the Australian economy may experience a corresponding falloff, with the natural resources sector likely to bear the brunt of the decline.

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Equity

UK Equity Outlook: Headwinds and Tailwinds

We are hoping that some of the spill-over effects of the extraordinary monetary policy in place in economies across the world, coupled with the passing of time, will inject a little bit of pizzazz into the equity markets this coming year.

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No Fireworks from the ECB as Draghi Plays It Cool

(Mario) Draghi and his governing council colleagues wanted to avoid rocking the boat too much, preferring instead to keep things moving and to show that they were prepared to act.

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Fixed Income

Japan’s Demographic Challenges Dampen Growth

Demographics have played—and continue to play—a key role in holding back Japan’s growth performance. Japan’s population keeps aging at a rapid pace.