We raised the probability of Recession to 55% after virus-induced shocks, oil prices’ collapse and violent market volatility. We are de-risking, adding very high quality duration, while expecting credit markets to cheapen and reserve currencies to do well
Updated each quarter, this piece explores key themes from our Guide to the Markets, providing timely economic and investment insights.
Explores how institutional investors should reconfigure portfolio allocations/strategies in a world of low returns.
Includes discussion of Europe, the US, Japan, emerging markets, and infrastructure
Article examining the economic effects and investment implications of the US fiscal cliff agreement
2011 estimates and the thinking behind the numbers. Executive summary
Despite attractive valuations, emerging market equities have underperformed. Things are improving, but a headwind looms: monetary policy
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
Infrastructure roundtable: In-depth discussion in European Pensions magazine, involving executives from seven investment firms and consultancies.