Skip Nav
Welcome to Institutional Asset Management | Contact Us Client Reporting

Weekly Bond Bulletin: Following the Japanese money

By GFICC Investors
With Japanese government bond yields depressed by easy policy from the Bank of Japan (BoJ), Japanese investors are being propelled into foreign bond markets. The destination of the flows is perhaps a surprise.
Continue reading

Renewable energy and battery storage: Impacts of disruption on the core infrastructure investor

By Serkan Bahceci
Disruption threatens all investors. Every industry and sector faces disruption risks from new technologies, competitors, politics and regulations.
Continue reading

Multi-Asset Solutions Weekly Strategy Report

Emerging markets are caught in a tug of war between escalating trade tensions and healthy global growth. Although reflation has been a persistent market theme since the U.S. election, in recent weeks investors are focusing on the politics of trade.
Download full Weekly Strategy Report

Weekly Market Recap

A one-page snapshot of market performance, statistics and trends.

Continue Reading PDF

Global Asset Allocation Views 2Q 2018

By John Bilton

The growth outlook for 2018 is robust, but two-sided inflation risks have emerged. We overweight equity, with marginally less conviction, downgrade investment grade credit and close our cash underweight. Our portfolio tilt is moderately pro-risk.

Continue reading

Emerging markets strategy Q1 2018: Volatility returns, fundamentals stay strong

By George Iwanicki
The combination of broadening economic growth and contained inflation is driving strong earnings gains.
Continue reading

Global Equity Views 1Q 2018

By Paul Quinsee
As volatility returns to equity markets, we see further gains in this cycle amid strong global growth and robust profits. From a regional perspective, we find the best prospects in emerging markets; on a sector basis we like financials and cyclicals.
Continue reading

Emerging market debt strategy : Still going strong but beware headwinds

By Pierre-Yves Bareau
Emerging market (EM) fundamentals are on a very strong trajectory: the global synchronised recovery and easy monetary conditions are expected to continue, supporting further strengthening in EM economies and companies.
Continue Reading

Factor Views 1Q 2018

By Yazann Romahi
While risk assets again posted strong gains, performance was mixed across factors. Looking ahead we see potential for positive catalysts across equity, event-driven and macro factors.
Continue Reading

Global Fixed Income Views 1Q 2018

By Bob Michele

Expecting strong growth and contained inflation over the near term, we see a gradual path to central bank normalization. If inflation picks up, our outlook could change. Among our best ideas: European bank capital, U.S. high yield, securitized credit.

Continue Reading

The investment outlook for 2018

By Dr. David Kelly, Samantha Azzarello, David Lebovitz
Heading into 2018, it is important to remember some time-tested principles for successful long-term investing: cash isn’t always king, diversification is essential, harness the power of compounding and don’t let volatility derail you.
Continue Reading

Goldilocks and the three risks

By George Iwanicki
Emerging markets are in the early phase of their recovery cycle. When comparing cycle-adjusted P/E multiples, emerging market equity ranks as the cheapest segment of the global equity market.
Continue Reading

3Q 2017 Guide to the Markets and Quarterly Perspectives

Introducing our third quarter 2017 Guide to the Markets and Quarterly Perspectives. A comprehensive array of market and economic trends illustrated with clear and compelling charts.
Learn more

What if May falls in June?

By Michael Bell
The market is currently assuming that the Conservatives will win a large majority and eventually deliver a relatively hard Brexit, but that the election will make it easier for them to agree to a transitional arrangement, prolonging single market access for two or three more years after March 2019.
Continue Reading

Investing in Emerging Markets: Why EM and which EM?

By Gabriela Santos
Gabriela Santos discusses the improving Emerging Market conditions and how investors should consider whether they have appropriate exposure to this EM rebound.
Continue Reading

Asian exports: Building momentum

By Tai Hui
Tai Hui, Chief Market Strategist Asia, examines the recent upturn in Asian exports and considers what this recovery implies for corporate profits and investing in Asian equities.
Continue Reading

Macron conquers, but France remains deeply divided

By Vincent Juvyns, Stephanie Flanders
Vincent Juvyns, Global Market Strategist, gives us the latest update on the French Presidential Elections and impact this has on investors.
Continue Reading

Emerging Market Debt: Reflation takes root

By Pierre-Yves Bareau
Given the risks posed by protectionism, we are more cautious on open economies and those more dependent on external funding. Overall, we have shifted our focus from market beta to carry this quarter, coming off of solid first quarter performance, tighter valuations and the little market premium attached to the risks we have identified. We place an emphasis on short-end names and those idiosyncratic stories that we identify as having positive event skew.
Continue Reading

Inflation's next phase

By Benjamin Mandel, Michael Hood
For investors, the recovery of inflation and inflation risk premia, against the backdrop of anchored inflation expectations, imply a supportive environment for risk assets. Our outlook suggests continued upward pressure on the market pricing of inflation, manifesting in higher bond yields and a widening spread between nominal and inflation-protected bonds.
Continue Reading PDF

A better opportunity in Europe

By Dr. David Kelly
While U.S. equities still look less expensive than Treasuries and cash, they are not as attractive as they once were. Investors looking for stronger long-term returns may find a better opportunity in European stocks.
Continue Reading

Entering the reflation era

By Pierre-Yves Bareau
We are entering a new investment paradigm: the era of "lower for longer" and "search for yield" has now been replaced by an era shaped by higher growth, inflation and rates.
Continue Reading

years with
J.P. Morgan