EMEA
Insights
Investment Insights by our experts and thought leaders
Balancing Act-Monthly insights: Multi-Asset Team-June 2024
by — 28 June, 2024
Markets have continued their strong growth through 2024, as odds continue to grow that central banks are able to walk the tight rope and avoid any real slowdown of global growth. US inflation has remained above expectations. However, some marginal softness is now appearing to flow through consumer spending and employment.
Japan’s equity markets: an active investment paradise
by , — 27 June, 2024
Japan Equity Investment Director Junichi Takayama explains how active management can help identify opportunities, particularly within the small and mid-cap markets.
Harnessing Change - Monthly Insights: Asian Equity-May 2024
by — 25 June, 2024
The early economic cycle dynamics and cheap valuations in Asia contrast starkly with the expensive late cycle dynamics in the West, and we expect this to provide good diversification options for global investors.
On the Ground in Asia-Monthly Insights: Asian Fixed Income-May 2024
by — 19 June, 2024
We have shifted to a mildly positive stance on overall duration, preferring high-yield markets such as India, Indonesia and the Philippines. We expect Asia credit to remain well-supported due to subdued net new supply as issuers continue to access cheaper onshore funding.
BOJ takes a slow, steady approach to reducing bond purchases
by , — 14 June, 2024
The Bank of Japan maintained interest rates at its June meeting, disappointing market participants who expected a reduction in monthly bond purchases. The BOJ signalled a future reduction in bond purchases but only at the next policy meeting in July, without providing further guidance on possible rate hikes or balance sheet reductions.
New Zealand Fixed Income Monthly (May 2024)
by , — 13 June, 2024
New Zealand's fixed income market has struggled so far in 2024 and inflation has remained high. However, there is growing confidence that the Reserve Bank of New Zealand will lower the Official Cash Rate in the next six to 18 months due to a slowing economy, with the expectation that inflation will retreat to the central bank's target range by the end of 2024.
New Zealand Equity Monthly (May 2024)
by , — 11 June, 2024
New Zealand’s equity market is currently facing challenging times. However, a sense that the country’s interest rates may have peaked are some of the indications that the market’s outlook may brighten.
India’s election and implications for equities
by , — 10 June, 2024
In the 2024 Indian parliamentary elections, Prime Minister Narendra Modi's BJP won fewer seats than expected. However, with support from pre-alliance partners, Prime Minister Modi will lead a coalition government for a third term, indicating a public desire for policy continuity and reform. While economic fundamentals are strong, the election results also reflect rural distress and the need for job creation, suggesting the government may focus on expanding the manufacturing sector, infrastructure development and digitalisation.
Navigating Japan Equities: Monthly Insights From Tokyo (June 2024)
by , — 07 June, 2024
This month we look beyond Japan’s impressive dividends and share buybacks from the perspective of corporate governance reform; we also explain how the “quantity effect” associated with exports may reduce the relevance of currency levels.
Healthcare: the sector where innovation is flourishing under the radar
by , — 06 June, 2024
The healthcare sector is benefiting from rapid innovation, fuelled by a significant jump in COVID-led funding. The breakthroughs achieved during the pandemic are only just being realised, and further innovation will be fuelled by artificial intelligence.
