EMEA
Insights
Investment Insights by our experts and thought leaders
Singapore equity outlook 2025
by — 05 December, 2024
While 2024 was characterised by broad market gains (or “beta” returns) in Singapore, we expect 2025 to be more centred on generating excess returns (or “alpha”). We believe the service economy, represented by financial services and transportation, will continue to contain key sectors which offer high sustainable returns, positive fundamental change and growth.
Global equity outlook 2025
by — 05 December, 2024
Throughout history, equity investors have benefitted from maintaining a long-term view and an optimistic outlook on humanity's ability to prevail in the face of adversity. This might once again be the
case, meaning that the biggest risk might be not having exposure to the highest quality earnings streams through a diversified portfolio of global equities.
New Zealand equity outlook 2025
by , — 05 December, 2024
As we head into 2025, we have picked three key elements that we believe will have the greatest influence over market behaviour and performance: interest rates, the strength of the New Zealand dollar
and geopolitical uncertainty.
Japan equity outlook 2025
by — 05 December, 2024
With Japan overcoming deflation and ushering in a period of progress and consolidation despite market volatility and political upheaval, we expect Japanese companies to make strategic decisions in
2025 that attract global investors in larger numbers.
Future Quality Insights: pandemic memories and ongoing impact on companies
by , — 02 December, 2024
We believe that investors should strive for a diversified global portfolio of quality companies that can thrive in an environment where the cost of capital may be higher than previously expected. Our
collective experience of the pandemic reminds us that such an approach is a good idea.
Balancing Act Monthly Insights: Global Multi-Asset (November 2024)
by — 29 November, 2024
We increased the overweight to growth assets given that economic data remains resilient against falling inflation and as global central banks lower interest rates. Regarding defensive assets, we have
been relatively negative on sovereign bonds, and despite the rate-cutting cycle underway, we maintain this view.
Harnessing Change - Monthly Insights: Asian Equity (October 2024)
by — 27 November, 2024
During the first Trump presidency, China outperformed the S&P 500 and all the perceived beneficiaries of "China Plus One". While history may not be repeated, it is clear that China's domestic policy
and market environment will become significant factors during Trump's second presidency.
On the Ground in Asia-Monthly Insights: Asian Fixed Income (October 2024)
by — 22 November, 2024
We have adopted a more cautious stance on Thai bonds with the Bank of Thailand not expected to ease policy further following its interest rate cut in October. Elsewhere in the region, the
reappointment of Sri Mulyani Indrawati as Indonesia's finance minister provides a positive medium-term outlook for Indonesian government bonds
Can the momentum shift on plastic pollution?
by , — 20 November, 2024
The highly anticipated Global Plastics Treaty carries high hopes as it will be the first attempt at forming a global legally binding instrument to address plastic pollution across its entire
lifecycle. Tackling plastic pollution will be a long, bumpy road requiring international cooperation, stringent policies and significant financial investment to drive effective solutions.
New Zealand Fixed Income Monthly (October 2024)
by , — 14 November, 2024
The bond market has turned its attention to the likely size of further interest rate reductions now that the RBNZ has made two cuts to the Official Cash Rate in quick succession. Our view is that New
Zealand’s monetary policy is on track to revive the economy, although the recovery will take some time.
