EMEA
Insights
Investment Insights by our experts and thought leaders
Balancing Act-Monthly Insights: Global Multi-Asset (July 2024)
by — 24 July, 2024
We retained both our overweight to growth assets and our neutral position on defensives. The outlook for growth remains positive as global central banks have started monetary easing, with Europe and Canada leading the way by cutting their interest rates.
Japan's cash-rich companies: harnessing corporate reforms
by , — 22 July, 2024
Japan, a nation of “cash-rich” companies, is undergoing corporate reforms aimed at raising valuation of companies by improving their capital efficiency. The reforms, along with cash-rich companies' historical outperformance and strategic options due to their ample cash holdings, make these firms well worth exploring.
Harnessing Change-Monthly Insights: Asian Equity-June 2024
by — 18 July, 2024
In China, we await confirmation of real, positive fundamental change before increasing our confidence towards the country, and we maintain a highly selective approach. Elsewhere, a combination of AI-induced excitement and positive structural reforms has driven Asian markets higher, particularly in Taiwan, South Korea and India.
On the Ground in Asia-Monthly Insights: Asian Fixed Income-June 2024
by — 17 July, 2024
We favour South Korean, Indian and Philippine government bonds and have adopted a neutral stance on Indonesian bonds. Meanwhile, the fundamentals backdrop for Asian credit remains supportive.
New Zealand Equity Monthly (June 2024)
by , — 12 July, 2024
A look back at the past six months reveals the extent to which New Zealand’s equity market has missed out on the strength seen in many other global markets. Amid these struggles, however, the New Zealand market’s sensitivity to interest rates also offers a note of hope.
New Zealand Fixed Income Monthly (June 2024)
by , — 11 July, 2024
Given the current weakness in New Zealand’s economy, the key question regarding interest rates is not so much the direction they will take but when they are likely to be cut. The struggles seen in the economy span from GDP to employment and look set to persist for some time.
Navigating Japan Equities: Monthly Insights From Tokyo (July 2024)
by , — 10 July, 2024
This month we focus on the surge in long-term JGB yields and whether it poses a threat to equities; we also discuss the potential upside for Japan’s small- and mid-cap stocks.
From beauty products to bicycles: the promising landscape of Asian small caps
by , — 09 July, 2024
Asian small caps, ranging from “indie” cosmetics brands to bicycle manufacturers, present a chance to get involved with the future economic powerhouses of the world. The strategic positioning, high growth potential, adaptability, and innovation of Asian small caps make them a compelling choice.
Green bonds: attractive opportunity in a changing sustainable investment landscape
by , — 05 July, 2024
In the current financial landscape, where ESG outflows are making headlines and greenwashing risks remain in the spotlight, one trend stands out—the surge in green bond issuance.
Global Investment Committee’s outlook: still growing but proceed with caution
by , — 04 July, 2024
Our central scenario is for positive GDP growth in most major economies, with mild upside risks to growth in all regions but Europe. Within this central scenario, we anticipate range-bound inflation with a gradual disinflationary trend in the US and Europe. We expect reflation to continue in Japan and also to pick up in China.
