Tools and resources necessary to help you make informed investment decisions and build stronger portfolios
This paper, written by Tai Hui and Zhu Chaoping, looks at recently released 4Q21 China economics data, inducing more monetary and fiscal stimulus, and the investment implications. (4-minute read)
This paper, written by Clara Cheong, discusses the recent turn to hawkishness of developed market central bank policies and the investment implications.
This paper, written by Clara Cheong and Adrian Tong, looks at our deep-dive analysis into the forward-looking demand, supply chain issues, inflation and their investment implications. (4-minute read)
This paper, written by Zhu Chaoping, discusses China's recent Central Economic Work Conference and its investment implications.
This paper, written by Tai Hui, discusses the potential impact of the Omicron variant and the investment implications for investors.
This paper, written by Tai Hui, discusses the recent developments in Japan market, and several fundamental reasons that investors should pay attention to the investment opportunities it could potentially bring.
This paper, written by Chaoping Zhu and Kerry Craig, discusses the impact of the recent COVID-19 resurgence in China and other regions, and what it means for investors.
COP26 saw significant announcements in areas such as coal, methane and deforestation, yet progress fell short of the scale required to give us confidence that disruptive climate outcomes can be avoided. Physical climate risks warrant careful consideration for long-term investors.
From our vantage point, it seems like a given that the President will sign the bipartisan bill into law. Looking at the budget reconciliation package, a deal will get done but it may come down to the wire.
Despite a slowdown in 3Q21 economic growth, corporate profits have been better than expected. Investors should use profits as a guide, as rising interest rates could pressure multiples and leave earnings as the main driver of returns.
Investors should not paint all central banks with the same brush stroke as normalization will come in different shades: some central banks are already or close to being on the move, others will remain somewhat patient until next year, while others will remain firmly on hold.
This paper, written by Kerry Craig, Ian Hui and Gareth Lam, discusses whether or not the Federal Reserve and the Bank of England are hiking rates too slow or too fast, and what it means for investors.
Given the uncertain near-term outlook, we believe it is prudent to focus on strategies that do well in volatility and are ready to take advantage of market dislocations.
This paper, written by Tai Hui, discusses the potential path of Fed monetary policy and the investment implications for investors.
Tai Hui, Chief Market Strategist Asia Pacific, and Zhu Chaoping, Global Market Strategist, discuss the potential investment implications of the newly released 3Q21 GDP data of China.
Stagflation has become a hotly debated topic among investors as inflation expectations rise and growth expectations fall. This paper, written by Kerry Craig, discusses our views on the topic and what it means to investors.
Discover why COP26 is important for investors. Explore the potential investment implications that could come with new climate objectives and commitments.
This paper, written by Tai Hui, discusses the market impact of the elections in the third and fourth largest economy in the world, and what this means for investors.
This paper, written by Tai Hui, discusses the major challenges faced by China equity and fixed income market, and their investment implications.
Germans head to the polls later this month to elect a new government. With the race to replace Angela Merkel as Chancellor still uncertain, Global Market Strategist Tilmann Galler sets out the policy agenda of the main parties, considers the most likely coalition scenarios, and looks at how the election may impact the outlook for the German economy and markets.
This paper, written by Tai Hui, discusses the possible triggers for a U.S. market correction, and what this means for investors.
This paper, written by Kerry Craig, discusses the recently released U.S. payroll statistics and potential impact on the possibility and path of the U.S. QE tapering policy rollout.
This paper, written by Tai Hui, discusses the near-term possibility that Asian central banks could look to normalize their monetary policy, and what this means for investors.
This paper, written by Tai Hui, compares the 2014 tapering with what is happening with U.S. monetary policy now, and what this means for investors.
While it may be tempting to chase recent performance, we continue to anticipate that the second half will see interest rates move higher, repricing more in-line with the above-trend pace of economic activity that currently characterizes our forecasts. This should be supportive of cyclical assets broadly, and allow value to outperform growth.
Governments are aligning behind the goal of achieving net zero emissions by 2050, but dramatic changes to the global economy will be required to get us there. Learn more about the policies and innovations that could pave the way to a carbon-neutral world.
This paper, written by Ian Hui, discusses the importance of income generation in the face of uncertainty and volatility.
Investing in China the right way is key: with a portfolio of companies, listed both offshore and onshore, with a manager that has a local presence and can do long-term fundamental analysis.
This paper, written by Tai Hui, discusses the economic policy insights provided by the recent Politburo meeting, and what this means for investors.
Explore how the fiscal stimulus provided by the EU's pandemic recovery fund could lead to stronger economic growth and boost demand for European assets.
This paper, written by Chaoping Zhu, discusses the Chinese new reforms and the subsequent selling pressure in Chinese equities, and what this means for investors.
Will this year’s value rally continue, or are growth stocks set to regain the initiative? In our latest On the Minds of Investors article, Global Market Strategist Tilmann Galler examines the basic drivers of value outperformance, and looks at how value stocks may perform in three near-term economic scenarios based on our latest projections.
This paper, written by Tai Hui, discusses how the outlook for energy prices will shape the inflation outlook going forward, and what this means for investors.
This paper, written by Chaoping Zhu, breaks down China's 2Q 2021 GDP data, and what this means for investors and Chinese policies going forward.
This paper, written by Kerry Craig, discusses the confluence of both fundamental and technical factors that has led to a decline in government bond yields despite a still-robust outlook for growth, and what this means for investors.
This paper, written by Tai Hui, discusses what the future path of the USD could look like given a more hawkish stance from the Federal Reserve, and what this means for investors.
This paper, written by Tai Hui, discusses what investors should make of the strong recent inflation data, and what it means for their investments.
This paper, written by Kerry Craig, discusses what investors should expect after the recent slew of robust economic data, and what it means for investors.
Regardless of one’s personal view, digital assets and cryptocurrencies are becoming an increasingly large part of the global financial system. As such, more and more investors are asking how they should think about them as both investments and currencies.
Could carbon prices be about to rise? Global market strategist Vincent Juvyns looks at the increasing regulatory pressures on carbon pricing, and assesses the potential impact on markets
This paper, written by Chaoping Zhu and Marcella Chow, discusses the driving forces behind the recent Chinese yuan rally and what this means for investors.
This paper, written by Tai Hui, addresses the latest wave of COVID-19 outbreak in Asia and vaccination progress with its investment implications to Asian equities.
This paper, written by Ian Hui, highlights the outlook of 2021 U.S. earnings and its investment implications.
This paper, written by Tai Hui, discusses why Asian investors may want to look to European equities to provide return-generating potential and diversification benefits to their core equities allocation.
This paper, written by Kerry Craig, addresses the recent announcement of U.S. tax increase proposal and its investment implications.
This paper, written by Kerry Craig, discusses how investing in core real assets can help investors hedge the risk of inflation while still creating income.
This paper, written by Tai Hui and Chaoping Zhu, breaks down the 1Q 2021 Chinese GDP figures and discusses how this would impact China's fiscal and monetary policies, and subsequently, Chinese investments.
Over the last 12 months, the global pandemic has shaken our lives in many ways. While good health and social interactions are probably top of mind for most of us, the environment and climate are also among our key concerns.
This paper, written by Kerry Craig, discusses the inflation outlook in the U.S. and around the world in the coming months and years, and what this means for investors.
Rapidly rising incomes in vast populations are set to make Asia the largest contributor to global growth in the 2020s. For investors, the opportunity looks too big to ignore.
Inflation has been a hot topic amongst investors. Globally, inflation is expected to rise this year from 2020’s low levels. This reflation, a sign that the economy is operating above potential, should lead to strong earnings growth as well
For better or for worse, banks are required to meet various liquidity and leverage requirements. One ratio that measures a bank’s ability to absorb losses is the Supplementary Leverage Ratio (SLR). The SLR formula measures tier 1 capital, which consists mostly of common and preferred stock, as a percent of total leverage exposure.
This paper, written by Marcella Chow, discusses the drivers behind the recent Chinese equities market correction, and how investors should prepare for what comes next.
This paper, written by Tai Hui, discusses the impacts of rising U.S. Treasury yields and stronger U.S. dollar on different emerging markets asset classes.
Explore the strategies that can help investors maintain income and diversification in a post-Covid world of low interest rates and negative government bond yields.
History provides only a limited guide to the implications of ESG factors for returns. We look at the conclusions that can be drawn from the past, and how investors can prepare for the future.
This paper, written by Ian Hui and Gareth Lam, discusses the factors driving the recent jump in commodity prices, and whether they are entering a supercycle.
This paper, written by Chaoping Zhu, provides our forecast of what will be discussed and announced in China's National People's Congress on March 5, as well as its implications for investors investing in China.
This paper, written by Tai Hui, discusses the recent rise in government bond yields on the back of market expectations of economic recovery in the U.S., upcoming fiscal stimulus and the prospects of high inflation, as well as its implications for different asset classes.
A fresh flock of doves
The challenge of low government bond yields means investors must rethink the 60:40 stock:bond allocation. Discover where they can turn for diversification.
This paper, written by David M. Lebovitz and Ian Hui, discusses our views on the U.S. 4Q20 earnings season so far and its investment implications.
This paper, written by Tai Hui, addresses the reason behind and our view regarding the latest market volatility and its investment implications.
This paper, written by Tai Hui, discusses the implications of newly-elected President Biden's policies, such as those regarding COVID-19 and China.
This paper, written by Tai Hui, discusses the implications of rising Treasury yields on inflation, the U.S. dollar and overall economic recovery.
This paper, written by Alex Cheung and Ian Hui, discusses the outlook on the Chinese fixed income market following FTSE Russell’s decision to include China in its World Government Bond Index.
This paper, written by Tai Hui, analyzes the S&P 500 earnings reports and forecasts and their implications on the recovery from the effects of COVID-19.
This paper, written by Tai Hui, examines the recent decline of the U.S. dollar and its implications on global markets.
A number of countries have seen a pick-up in new infections in recent weeks. Instead of derailing the global economy and forcing another dip in economic activities, the latest outbreaks are more likely to dampen and delay the global economy making a full recovery.
China’s stock markets have been experiencing a strong rally since last week, and the upward momentum seems to be building further.
Is it Europe’s time to shine?
June 2, 2020
The balance sheet of the U.S. Federal Reserve (Fed) has increased by 2.9 trillion USD since the start of March, meaning that in just over eleven weeks it has grown more than it did in the five years following the Financial Crisis.
Global governments have been swift and bold in supporting their economies, building a bridge to get consumers, small businesses and corporates over the present abyss to the other side. Given the unknown breadth and depth of the abyss, more stimulus may be required.
Year-to-date, emerging market (EM) equities are down -17.6%, as a combination of the COVID-19 recession and the oil price shock has led to downward revisions to earnings expectations, as well as weaker currencies relative to the U.S. dollar.
While dividends in some regions are likely to face pressure in the coming months, now is not the time to give up on equities as a key source of income for multi-asset portfolios.
This paper, written by Tai Hui, provides an update on fixed income investment opportunities.
This paper, written by Chaoping Zhu, provides a preview of China’s expected economic policies ahead of the National People’s Congress.
The COVID-19 crisis is causing short-term ESG repercussion and longer-term shifts. Find out why sustainability has never been more important for investors.
This paper, written by Tai Hui, provides an analysis of the potential long-term investment implications from COVID-19.
April 28, 2020
Investors are keenly monitoring the number of new infections around the world to gauge whether the COVID-19 outbreak is under control.
Rising production and collapsing demand due to the COVID-19 pandemic is causing an unprecedented glut in the oil market. As a result, we are currently witnessing a pronounced supply and demand shock that has sent oil prices to a multi-year low.
Spreads on emerging market (EM) bond yields have widened to levels not seen since the global financial crisis as concerns grow about the size of the economic downturn.
Oil prices collapsed in early March due to the price war between the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, and Russia
As governments around the world step up their fiscal packages to counter the economic fallout from the COVID-19 outbreak, the Chinese government is also following the same path.
Initial claims for unemployment insurance surged to the highest level ever: 3,283,000, spiking from a slightly revised 282,000 last week.
This paper, written by Dr. David Kelly, reviews the U.S> relief bill and its investment implications.
The U.S. Federal Reserve (Fed) has pulled out its alphabet bazooka in an effort to ensure sufficient liquidity and the smooth functioning of financial markets, while also providing credit to businesses that are affected by the spread of COVID-19 and the stall in global economic activity.
In the past two weeks, the traditional negative correlation between equities and government bonds has broken down.
The U.S. Federal Reserve (Fed) opted for another surprise rate cut this morning (March 16, Asia time), instead of waiting for the March 17-18 Federal Open Market Committee meeting.
It is important to avoid trying to predict the future; rather, clients are best served by monitoring the present situation and maintaining composure.
Worries about the spread of the COVID-19 virus continued to grip markets this week.
This paper, written by Tai Hui and Kerry Craig, addresses the latest equity markets’ correction and its investment implications.
The good news is that the number of new confirmed COVID-19 cases in China is coming down and that more people are now recovering than getting infected.
The U.S. Federal Reserve (Fed) has become a dominant player in the bond market through successive rounds of quantitative easing (QE).February 19, 2020
The economic fallout from the Coronavirus outbreak is expected to become more significant for the rest of Asia in the weeks ahead.
China will also need to start addressing the economic fallout soon, as businesses face significant pressure from disruption to consumption.
This paper, written by Chaoping Zhu, discusses the outlook on China following its recent economic data releases and fresh outbreak of COVID-19 infections.
This paper, written by Marcella Chow and Chaoping Zhu, discusses the outlook on capital markets following a rise in Chinese bond defaults.
Policymakers on both sides of the Pacific have emphasized that they view their work as incomplete and that several issues remain un-addressed.
The U.S. and Chinese governments gave markets an early Christmas present when they agreed to a partial trade deal. However, much will depend on the details.
