What to expect in the next 15 years.
Full 62-page report with analysis of all asset classes.
Executive Summary. Prolonged period of delevraging could mean low interest rates; subdued growth.
This full report is a comprehensive and detailed analysis of our 10-to 15 year asset class forecasts. US version.
Emerging Market Equity Views : Favorable global cycle and USD outlooks create a positive environment
While tariffs remain a concern, the key issue is the degree—which we deem moderate—of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding
This paper examines the U.S. commercial mortgage loan (CML) market and U.S. insurers’ investments in CMLs.
We are upgrading our view on equities to reflect early signs of an upturn in macroeconomic data, falling recession risk and an increase in the chance of at least a limited U.S.-China trade deal.
A weekly review of global markets and multi-asset portfolios
Global markets and multi-asset portfolios
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.