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Multi-asset Monthly - May 2021
SHARE THIS The US Treasury (UST) market has been an important barometer of the reflation trade for markets this year. Most asset classes have performed in line with movements in UST yields as correlations, whether positive or negative, remain strong.
https://emea.nikkoam.com/articles/2021/multi-asset-may-2021 -
Multi-asset Monthly - June 2021
SHARE THIS Despite very bumpy economic data—particularly on inflation—rates have compressed, implying most of the “surprises” have already been priced in. This is positive for growth assets that respond better to yield curve stability than the sudden...
https://emea.nikkoam.com/articles/2021/multi-asset-june-2021 -
Multi-asset Monthly - July 2021
SHARE THIS The US and China are likely reaching peak growth as stimulus and the initial burst of pent-up demand begin to wane. In China, while the credit impulse has turned negative—usually an ominous sign—demand continues to normalise, shifting from...
https://emea.nikkoam.com/articles/2021/multi-asset-july-2021 -
Japan’s structural reform to benefit investors
SHARE THIS The three Japan-related news topics that have overwhelmingly dominated the attention of Western media so far this year are COVID-19 (by far), the Tokyo Olympics and the showdown at Toshiba.
https://emea.nikkoam.com/articles/2021/japan_structural_reform_benefit_investors -
Global Equities Proxy Voting Statement & Guidelines
SHARE THIS Proxy Voting Statement: We believe proxy voting is a key component in the ongoing dialogue with companies in which we invest and as such, is an important aspect of Future Quality Investing. We are committed to ensuring consistent exercise of...
https://emea.nikkoam.com/legal/global-equities-proxy-voting-statement-guidelines -
Multi-asset Monthly - September 2021
SHARE THIS As we contemplate a post-pandemic world, it is becoming more likely that things will not return to “normal” as we once knew it. While vaccines have been highly successful in preventing serious illness in those who are still contracting the...
https://emea.nikkoam.com/articles/2021/multi-asset-september-2021 -
Multi-asset Monthly - October 2021
SHARE THIS Volatility has arisen as we expected it eventually would, and September is often an apt month to rediscover risk given market participants’ return from summer vacations noting that record high equity markets do not quite square with a number...
https://emea.nikkoam.com/articles/2021/multi-asset-october-2021 -
Balancing Act: Monthly insights from the Global Multi-Asset Team-November 2021
SHARE THIS Has economic data really changed so much as to suggest an inflection point on inflation and the growth outlook was near? To some degree perhaps, at least in the eyes of the market, but not enough in the end for central banks to meaningfully...
https://emea.nikkoam.com/articles/2021/multi-asset-november-2021 -
China: Regulate in order to innovate
SHARE THIS Every few years, concerns emerge over whether China is investable. We are currently witnessing the latest round of this cycle amid China’s drive to regulate. However, investing in China during such moments of doubt has reaped substantial...
https://emea.nikkoam.com/articles/2021/china-regulate-in-order-to-innovate -
2022 Asian Fixed Income and FX Outlook: Regional recovery expected
SHARE THIS The economic recovery in Asia ex-China is likely to improve significantly in 2022 as regulations are eased, borders are reopened and vaccination rates increase. We anticipate these developments to boost private sector confidence, providing...
https://emea.nikkoam.com/articles/2022/asian-fixed-income-and-fx-outlook-2022 -
Balancing Act-Monthly insights: Multi-Asset Team-December 2021
SHARE THIS The global outlook still looks positive, but less is known about the potential impact of the latest variant of the COVID-19 virus, Omicron—particularly in light of the fast government response to add restrictions on travel and, in some...
https://emea.nikkoam.com/articles/2021/multi-asset-december-2021 -
Balancing Act-Monthly insights: Multi-Asset Team-January 2022
SHARE THIS As is often the case, markets are a better reflection of general sentiment than news headlines and so far, it points to an ongoing global recovery as equities hold their gains of 2021 and long-term bond yields rise. It may not be time yet to...
https://emea.nikkoam.com/articles/2022/multi-asset-january-2022 -
Balancing Act-Monthly insights: Multi-Asset Team-February 2022
SHARE THIS The outlook is currently challenging. Tightening is coming, but it is not here yet and in the meantime current policy remains quite accommodative. There is no doubt that extremely easy policy boosted equity prices, which were reinforced by...
https://emea.nikkoam.com/articles/2022/multi-asset-february-2022 -
Balancing Act-Monthly insights: Multi-Asset Team-March 2022
SHARE THIS The Russian invasion of Ukraine has created significant uncertainty for investors. Prior to the war’s outbreak, central bankers were already facing a challenging inflationary environment, and these new commodity-driven price pressures are...
https://emea.nikkoam.com/articles/2022/multi-asset-march-2022 -
Balancing Act-Monthly insights: Multi-Asset Team-April 2022
SHARE THIS Relief rallies are always encouraging but do not necessarily portray parting clouds for a return to “normal” market conditions. The market is still digesting a rather dizzying array of challenging dynamics that have unfolded quickly over the...
https://emea.nikkoam.com/articles/2022/multi-asset-april-2022 -
Ground-level observations from China
SHARE THIS A trip back to China provided an opportunity to experience first-hand the impact innovative technology and digitalisation is having on a fast-changing urban society.
https://emea.nikkoam.com/articles/2022/ground-level-observations-from-china -
Global Unconstrained Bond Strategy Q2 2022 Outlook
SHARE THIS We present our Q2 2022 outlook for the Global Unconstrained Bond Strategy which incorporates our core markets, emerging markets and global credit views.
https://emea.nikkoam.com/articles/2022/global-unconstrained-bond-strategy-q2 -
Balancing Act-Monthly insights: Multi-Asset Team-May 2022
SHARE THIS The outlook is increasingly clouded as markets come to terms with a Fed that may do “whatever it takes” to contain inflation. Given that current inflationary pressures appear to be mainly driven by supply-side constraints and rising energy...
https://emea.nikkoam.com/articles/2022/multi-asset-team-may-2022 -
Harnessing Change: An investment philosophy for Asia
SHARE THIS Change is both more prevalent and significant in Asian markets. We believe that seeking to understand it is essential to deliver sustainable returns.
https://emea.nikkoam.com/articles/2022/harvesting-growth-may-22 -
Japan’s “new form of capitalism” in review
SHARE THIS We review the “new form of capitalism”, a government plan to boost economic growth initiated by Japanese Prime Minister Fumio Kishida, who is enjoying a high public approval rating ahead of a closely watched upper house election.
https://emea.nikkoam.com/articles/2021/japans-new-from-capitalism-review
