Beyond Bulls & Bears

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Alternatives

How India Is Stepping Out of China’s Shadow

A combination of a growing middle class and increased commercialisation of the rural sector (and ultimately infrastructure) could potentially set the stage for increased urbanisation in years to come.

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Fixed Income

Why Investors Yield to Australia’s Bond Market

We believe the RBA doesn’t feel the need to act on its easing bias because the Australian economy remains reasonably healthy, albeit at a pace of growth that is at the lower end of what policymakers would like to see.

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Global Economic Perspective: April

We have some apprehension about the more dovish stance taken by the US Federal Reserve, which in our view may place too great a focus on global factors, despite a relatively tight US labor market and some indications of a pickup in core inflation.

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Equity

Oil-Price Pessimism May Be Presenting Opportunities

Although investors’ overall sentiment toward commodities and natural resources equities improved in the latter half of the first quarter, they seemed to generally remain skeptical that commodity markets were on the mend. We see this scenario as potentially laying the groundwork for further gains going forward.

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Alternatives

ZIRPs and NIRPs and Unintended Consequences

There are countless examples in history, some more hubristic than others, in which man’s efforts to address a problem or control a system have resulted in miserable failure―regardless of best-laid plans or intentions.

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Equity

Tech Innovations: Best in Two Decades?

The volatility we have seen this year hasn’t dampened our outlook for tech companies. In fact, in my 20+ years researching technology stocks I haven’t seen a more robust period of innovation than we’re experiencing today.

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Perspectives

Notes from the Trading Desk – Europe

European markets had a tough week and closed lower for the third week in a row, as a stronger euro weighed on equities, whilst the United States fared better on the back of Yellen’s speech and US dollar weakness.

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Perspectives

An Integrated Approach to Managing ESG Risks and Opportunities

For us, ESG is a natural extension of effective risk management. It’s about understanding the risks that a company faces and assessing whether we think those risks are adequately priced in.