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Nikko AM Insights
Investment Insights by our experts and thought leaders
Fed, BOJ and China navigate uncertain growth and inflation paths
by , — 01 August, 2025
US and Japanese central banks held rates steady amid mixed economic signals, with the Fed facing internal dissent and the BOJ turning modestly hawkish. Meanwhile, China appears to be opting for
strategic caution. As rising tariffs and uncertain inflation dynamics continue to complicate the global economic outlook, policymakers in key economies are signalling caution over conviction.
Balancing Act Monthly Insights: Global Multi-Asset (July 2025)
by — 31 July, 2025
Growth assets remain appealing, as we believe that global economic growth will stay resilient despite the ongoing uncertainties. In defensive assets, high yield stands out as it offers higher levels
of return than traditional bonds while exhibiting much lower levels of volatility than equities.
As always, we are focused on finding ideas that are supported by the four pillars of Future Quality investing: franchise quality, integrity of management, balance sheet strength and valuation. We
expect AI, energy and defence to continue providing attractive investment ideas given the structural changes anticipated in these industries.
Japan elections put focus on fiscal questions and tariff impacts
by , — 23 July, 2025
The recent Japanese Upper House elections resulted in the ruling coalition losing its majority, leading to market uncertainty. Despite potential challenges in policy-making, ongoing trade negotiations
with the US and fiscal discipline negotiations remain key focus areas, impacting Japanese assets and global market dynamics.
Harnessing Change-Monthly Insights: Asian Equity (June 2025)
by — 14 July, 2025
According to Wall Street lore, investors should “sell in May and go away”, but June's rally once again reduces the credence of this strategy. Still, the outlook remains uncertain despite improvements
in terms of trade policy tensions and ceasefires.
On the ground in Asia-Monthly Insights: Asian Fixed Income (June 2025)
by — 11 July, 2025
While credit fundamentals and decent demand-supply technicals are supportive, we are wary of trade and geopolitical re-escalation risks. We are therefore inclined to take a more cautious and defensive
approach over the near term.
New Zealand Equity Monthly (June 2025)
by , — 08 July, 2025
In June, New Zealand’s equity market performance largely reflected ongoing weakness in the country’s economy, with defensive stocks acting as the main drivers of performance.
New Zealand Fixed Income Monthly (June 2025)
by , — 07 July, 2025
With uncertainty over tariffs, geopolitical disruption and the paths taken by central banks continuing to impact global markets, it may be instructive to look back at the RBNZ’s last monetary policy
decision as we try to determine the future direction of interest rates.
Navigating Japan Equities: Monthly Insights From Tokyo (July 2025)
by , — 04 July, 2025
This month we assess how Japan losing its place as the world's largest creditor in fact underscores the country's transformation over the years; we also discuss the recent crude oil market disruptions
from a Japanese market perspective.
Sharia bonds: an overlooked diversification opportunity?
by , — 03 July, 2025
Sharia-compliant bonds, or to give them their official name, “sukuk”, are often dismissed as faith-based instruments with limited appeal outside of Muslim-majority markets. However, this misses the
opportunity they present for global fixed income investors seeking diversification, resilience, and sustainability.
