Michael takes a close look at the question of rising committed and unspent capital in private equity, and implications for investors.
Includes discussion of Europe, the US, Japan, emerging markets, and infrastructure
High-yield portfolios should now combine yield with dividend growth. Cash flow analysis helps determine if dividends are sustainable
Paper examining market reaction to economic improvement, & the likely outcomes when central banks unwind the aggressive monetary policies
Despite attractive valuations, emerging market equities have underperformed. Things are improving, but a headwind looms: monetary policy
Analysis of Italy's highly volatile political environment, and the possible implications for the markets
Article examining the economic effects and investment implications of the US fiscal cliff agreement
Full report detailing JPM's long-term capital market return assumptions