EMEA
Insights
Investment Insights by our experts and thought leaders
Global multi-asset outlook 2025
by — 05 December, 2024
Our outlook for 2025 is relatively positive. We expect the business-friendly stance of the Republican Party, coupled with easier monetary policy, will be supportive for risk assets, particularly in the US market. While we hold various views, we rely on our strategic asset allocation to guide our long-term outlook—with healthy equities, short-dated credit, the US dollar and gold forming our backbone for the medium term.
Asian equity outlook 2025
by — 05 December, 2024
Many may expect the incoming Trump administration's transactional approach to be detrimental to the geopolitical and macroeconomic landscapes. However, we believe that Washington's mercantilist stance
should not prevent Asian markets from offering attractive absolute returns, as was the case during the 2017-2021 period under Trump's first term.
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.
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.
Asian fixed income outlook 2025
by — 05 December, 2024
Asian local government bonds are poised to perform well in 2025 thanks to accommodative policies by central banks amid benign inflation and moderating growth. The global easing cycle is expected to lower global yields, thereby providing additional support to Asian bond markets.
Global fixed income outlook 2025
by — 05 December, 2024
We believe that a changing political environment could present opportunities across asset classes in 2025, with fixed income in particular poised to benefit as markets adjust to more realistic inflation expectations.
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.
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.
