Dec 9, 2024
Structural shifts are reshaping economies – reinforcing our view that we are not in a typical business cycle. We stay pro-risk heading into 2025. Read more.
Dec 4, 2024
We have argued since 2020 that we are not in a business cycle. Historical trends are being permanently broken in real time as mega forces, like the rise of artificial intelligence (AI), transform economies.
Nov 25, 2024
We believe AI could radically reshape economies and markets. Identifying the full slate of AI beneficiaries calls for an active investment approach. Learn more.
Nov 18, 2024
The U.S. election reinforces our expectation for persistent inflation pressures and high-for-longer interest rates. We evolve our strategic views. Learn more.
Nov 11, 2024
Market-moving events can highlight structural shifts. The implications of a world shaped by supply were in focus at our 2025 Outlook Forum. Read the takeaways.
Nov 4, 2024
Recent data backs our view that the Federal Reserve won’t cut rates as much as markets expect. Read why we think the European Central Bank has more room to cut.
Oct 7, 2024
We stay risk-on heading into Q4 due to a favorable near-term macro backdrop. Recently choppy markets show why having an investment anchor is key. Read more.
Sep 16, 2024
The Fed is set to cut interest rates for the first time since the pandemic. Yet central banks are not heading for an easy policy stance, in our view. Read more.
Sep 9, 2024
We move from a U.S. tech focus with our equity overweight, leaning further into a wider set of winners from the artificial intelligence buildout. Read more.
Sep 3, 2024
Investors have started to worry about tech companies spending big on artificial intelligence. We focus on the broader story and stay overweight the AI theme. Read more.
Aug 12, 2024
Recent extreme market volatility show the impact of sudden sentiment shifts and sharp position unwinds. We lean into risk and high-conviction ideas. Read more.
Aug 6, 2024
More central banks are starting to cut rates, but we think they’ll stay above pre-pandemic norms. We prefer short-term government bonds and credit. Read more.
Jul 29, 2024
We see recent market volatility tied to near-term sentiment shifts rather than corporate earnings and macro data. We look through these air pockets. Read more.
Jul 15, 2024
We see unprecedented waves of transformation creating an unusually wide range of outcomes. Rather than waiting for clarity, we’re leaning into risk. Learn more.
Jul 9, 2024
The world could be undergoing a transformation on par with the Industrial Revolution – thanks to a potential surge in investment in artificial intelligence (AI), the low-carbon transition and a rewiring of global supply chains.
Jul 8, 2024
Developed market central banks are starting to cut policy rates. Read why we think they’ll have to keep rates higher for longer, like some emerging markets.
Jun 24, 2024
We see a small group of tech winners leading stock gains as a feature of the artificial intelligence (AI) theme – not a flaw. We stay overweight U.S. stocks.
Jun 17, 2024
BlackRock investment leaders at our Outlook Forum see a concentrated group of AI winners driving returns over a short-term tactical horizon. Read more.
Jun 10, 2024
We stay overweight U.S. stocks ahead of the election yet are cautious on Treasuries given the fiscal outlook. We see positives from global elections. Read more.
Jun 3, 2024
Major central banks are gearing up to cut interest rates. Learn why we think cutting cycles for the European Central Bank and its counterparts will be atypical.
May 28, 2024
Mega forces are creating major infrastructure needs. Learn about the investment opportunities we find today in places where multiple mega forces intersect.
May 20, 2024
Staying dynamic on a strategic horizon allows us to take advantage of sharp valuation shifts. We go overweight EM stocks and DM government bonds. Read more.
May 13, 2024
We see diverging monetary policy driving the slide in the yen – for now. A weak yen is unlikely to end the positive momentum in Japanese equities, we think. Read more.
May 6, 2024
Today’s more volatile macro regime creates greater uncertainty for markets and the Fed. Learn why we eye new data, not Fed signals, to gauge the policy path.
Apr 22, 2024
U.S. earnings updates will be key to see if they can keep topping expectations and buoying risk appetite in a higher-for-longer interest rate environment. Read more.
Apr 8, 2024
Working-age populations are declining in major economies. We target well positioned countries and sectors poised to benefit from shifting demand. Read more.
Mar 18, 2024
Markets see a positive near-term macro and corporate backdrop for the U.S. and Japan. We eye risks ahead. Read why we stay overweight stocks in both countries.
Feb 26, 2024
We see Japanese stocks climbing higher. Read our take on how robust earnings, corporate reforms and a likely cautious Bank of Japan will be key drivers.
Feb 5, 2024
We don’t see Q4 earnings challenging upbeat risk appetite even as we see 2024 earnings growth below the consensus. Learn more in our weekly market commentary.
Jan 29, 2024
We think stock momentum can run for now as inflation cools and the Federal Reserve readies to cut rates. We go overweight U.S. stocks overall. Read more.
Jan 16, 2024
U.S. stocks could run with hopes for inflation to fall to target and sharp rate cuts into 2024. Learn why we expect resurgent inflation to come into view.
Jan 8, 2024
Risk assets surged to end 2023 as the Federal Reserve blessed market hopes for rate cuts. That momentum could persist for some time as inflation cools. Read more.
Jan 2, 2024
2023 stressed the value of adapting to a new volatile macro regime, and leveraging investment insight and structural forces to find opportunities. Learn how.
Dec 11, 2023
The new regime has led to greater dispersion of returns. We think this calls for managing macro risk, being selective and seeking out mispricings. Learn more.
Dec 5, 2023
The new regime of greater macro and market volatility has resulted in greater uncertainty and dispersion of returns. We believe an active approach to managing investment portfolios will carry greater rewards as a result.
Dec 5, 2023
We have argued since 2020 that we are not in a business cycle. Historical trends are being permanently broken in real time as mega forces, like the rise of artificial intelligence (AI), transform economies.
Nov 27, 2023
We turn more positive on short- to medium-term developed market (DM) sovereign bonds in our latest strategic update. We trim DM stocks to neutral. Learn why.
Nov 20, 2023
We see volatility as a constant in the new regime. We’re neutral long-term U.S. Treasuries due to more balanced after three years of rising yields. Read more.
Nov 9, 2023
Artificial intelligence (AI) offers great promise and has spurred heavy investment. But how could the economy change? Over what timeframe? And who will reap the rewards? We look at these questions and more – and explore what it all means for investors.
Nov 6, 2023
Developed market (DM) central banks have signaled high-for-longer policy rates. We stay selective in DM equities and prefer international stocks. Learn why.
Oct 16, 2023
We turn tactically neutral long-term Treasuries as markets price high-for-longer policy rates but stay underweight strategically. Read more.
Oct 9, 2023
We see markets adjusting to the new regime. This is not a typical business cycle – learn why we think structural mega forces are shaping the outlook now.
Oct 2, 2023
Markets are adjusting to the new volatile regime. We see opportunities in the UK and euro area bond repricing, and still prefer Japanese equities. Read more.
Sep 25, 2023
Bond yields are surging as the volatile macro regime brings uncertainty over central bank policy and risks ahead. We get granular in bonds and equities.
Sep 18, 2023
We see the new regime playing out and a high interest rate world, with stagnant activity and persistent inflation. We shift our tactical views to reflect this outlook.
Sep 11, 2023
Market narratives have flip-flopped through the year as the new macro regime plays out. We stay selective amid stagnating activity and volatile inflation.
Sep 5, 2023
We up short-term sovereign bonds on attractive yields and downgrade credit in the long run. Read why we stay cautious on long-term bonds.
Aug 14, 2023
U.S. corporate earnings have stagnated for a year, but Q2 beat a low bar. Expectations of improving margins look rosy. We stay selective in stocks. Learn why.
Jul 31, 2023
Major central banks tightened policy last week, including unexpectedly in Japan. Learn why we see a risk that Japanese bond yields pull global yields higher.
Jul 24, 2023
Central banks are set to hike policy rates again. Read why we see them holding tight even as markets expect rate cuts to soon follow due to cooling inflation.
Jul 10, 2023
Higher expected corporate earnings mask broad pressure under the surface. Read why we see more earnings pain ahead and look for opportunities within sectors.
Jul 3, 2023
Learn why we see different and abundant opportunities in the new regime. We go granular within asset classes, regions and sectors – and harness mega forces.
Jun 28, 2023
We are in a new macro regime that provides different but abundant investment opportunities. We get granular in asset classes and harness mega forces: structural shifts like artificial intelligence and the rewiring of globalization that can drive returns.
Jun 28, 2023
We are in a new macro regime that provides different but abundant investment opportunities. We get granular in asset classes and harness mega forces: structural shifts like artificial intelligence and the rewiring of globalization that can drive returns.
Jun 12, 2023
BlackRock investment leaders at our Outlook Forum agreed the new regime is playing out. They eye assets that price that in. Read more takeaways.
Jun 5, 2023
We see market focus returning to higher-for-longer rates and sticky inflation after a U.S. debt ceiling deal. Read why we prefer an up-in-quality portfolio.
May 30, 2023
We prefer private to public credit long term. It’s the mirror image in equity: We prefer public stocks. Read why.
May 15, 2023
We think the U.S. debt limit showdown will spark more market volatility. Learn how that reinforces why we stay invested and cautious by going up in quality.
May 1, 2023
We see bond yields staying high in the new regime – that means income is back as a portfolio driver. Learn how we stay nimble and granular across fixed income.
Apr 17, 2023
The joint stock-bond rally this year has put renewed focus on portfolio construction approaches. Read why we think a new macro regime needs a new approach.
Apr 10, 2023
We upped our overweight of inflation-linked bonds in March to take advantage of the market pricing lower inflation – our new playbook in action. Learn more.
Mar 20, 2023
Financial cracks from rapid rate hikes are emerging. Read why we are underweight equities, downgrade credit and prefer short-term government bonds for income.
Feb 28, 2023
Some of the forces weighing on markets last year are now reversing. But we don't think that means recession can be avoided. Read our view.
Feb 21, 2023
Markets are waking up to our expectation of more central bank rate hikes as inflation proves sticky. We go overweight U.S. short-term bonds. Learn why.
Feb 13, 2023
The Bank of Japan looks set to shift its ultra-loose policy as inflation takes root. Read why we see risks to global yields, risk appetite and Japanese stocks.
Feb 6, 2023
We see central banks stumbling into a new phase of the inflation fight. Read what that means for rate hikes and why we like short-term bonds and credit.
Jan 23, 2023
Three positive developments to start the year have reinforced our long-term positive view on equities. Yet read why we think market optimism has come too soon.
Jan 3, 2023
2022 was marked by historic shocks – war, soaring inflation and a perfect market storm. Read how they shaped our three investment lessons for the new year.
Dec 12, 2022
Central banks are trying to crush demand to bring down inflation. We think markets are wrong to expect them to come to the rescue. Learn why in our commentary.
Dec 5, 2022
The new regime is playing out. Read why we think that requires a new, dynamic playbook based on views of market risk appetite and pricing of macro damage.
Nov 30, 2022
The Great Moderation, the four-decade period of largely stable activity and inflation, is behind us. The new regime of greater macro and market volatility is playing out. That’s why a new investment playbook is needed.
Nov 28, 2022
Aging has worsened labor shortages, raising the cost of taming inflation. We see the Fed living with some inflation. Learn what that means for investing.
Nov 14, 2022
Surging stocks show that markets believe hopes of a soft landing by the Fed to be true. Learn why we disagree and stay underweight developed market stocks.
Nov 7, 2022
BlackRock’s top investment leaders got together at the Outlook Forum. The upshot: The new regime is not about to change, and we need a new playbook. Learn why.
Oct 31, 2022
We see central banks on a path to overtighten policy. Their balance sheet reductions up selling pressure on government bonds, so we’re underweight. Read more.
Oct 17, 2022
We’re underweight government bonds because yields have room to move higher, and we don’t think they can be a safe haven when recession comes. Read why.
Oct 3, 2022
The new regime poses a stark trade-off for central banks: tame inflation or preserve growth. Read why we see them overtightening and learn how we keep risk low.
Sep 26, 2022
Many central banks aren’t acknowledging the extent of the recession needed to get inflation quickly down to their targets. Read more for the implications.
Sep 12, 2022
We think the energy crisis will spur a recession in Europe. The ECB is trying to fight inflation without recognizing the costs. Learn more in our commentary.
Sep 6, 2022
Policymakers are starting to acknowledge the new regime, but they’re ignoring the trade-off between inflation and growth. Read what that means for stocks.
Aug 1, 2022
We highlight three behavioral biases likely to trouble investors in this new, volatile market regime. Read our market commentary for tips to overcome them.
Jul 25, 2022
Market views of Fed rate hikes have swung. Read why we expect more volatility as long as central banks think they can curb inflation without crushing growth.
Jul 11, 2022
The Great Moderation, a period of steady growth and inflation, is over, in our view. Instead, we are braving a new world of heightened macro volatility – and higher risk premia for both bonds and equities.
Jul 11, 2022
We’ve downgraded most developed market equities to underweight in the short term, while we lean into credit. Read more in our market commentary.
Jun 29, 2022
The transition towards a decarbonized economy is underway. It will involve a massive reallocation of resources, inevitably impacting portfolios.
Jun 27, 2022
Growth concerns, inflation and volatility fueled the debate at our Outlook Forum over why we’re entering a new macro and market regime. Read what that means.
Jun 21, 2022
We see the Fed on a path to raise rates far enough this year to hurt growth and grind the U.S. activity restart to a halt. Read why in our market commentary.
Jun 6, 2022
We think central banks have primed markets to expect too many rate hikes. That keeps us neutral on stocks in the short run. Read more in our market commentary.
May 31, 2022
We still prefer equities over fixed income on a strategic horizon, but we moderate our stance. Read more in our market commentary.
May 23, 2022
We downgrade our developed market equities overweight to neutral given three key risks to the economic outlook. Find out more in our market commentary.
May 9, 2022
We upgrade European government bonds and investment grade credit, and downgrade Chinese assets to reduce risk amid a worsening macro outlook. Learn more.
May 2, 2022
Wages are rising at the fastest clip since the 1980s. Yet we think wages can rise more without adding to inflation. Learn why in our market commentary.
Apr 11, 2022
Supply shocks have created scarcity inflation, making higher inflation more persistent and increasing the risk of a growth slowdown. Read our market commentary.
Apr 4, 2022
The West is trying to wean itself off Russian energy in the wake of the tragic war in Ukraine. We see this hurting growth and increasing inflation. Learn more.
Mar 31, 2022
The West is weaning itself off Russian energy: a fresh supply shock in a world shaped by supply. What does it mean for the economy and net-zero? Read our view.
Mar 31, 2022
The West is weaning itself off Russian energy: a fresh supply shock in a world shaped by supply. What does it mean for the economy and net-zero? Read our view.
Mar 21, 2022
The Fed is projecting large and rapid increases in rates to tame inflation. We think this could just be tough talk. Learn why in this week's market commentary.
Mar 7, 2022
We see developed market government bonds as ineffective portfolio diversifiers in the current inflationary environment. Learn why, read the weekly commentary.
Feb 22, 2022
Markets have been volatile so far this year and geopolitical tensions are top of mind. So, where do we see opportunities? Read the Global weekly commentary.
Feb 7, 2022
Markets are pricing in more rate hikes. We see this as too hawkish. What will this mean for the net-zero transition? Read the Global weekly commentary.
Feb 2, 2022
The journey to net-zero carbon emissions is unfolding now - and offers extraordinary investment risks and opportunities.
Jan 24, 2022
We trim our underweight of U.S. Treasuries. Learn why in the Global weekly commentary.
Jan 20, 2022
We’ve entered an era where supply constraints are the driving force of inflation, rather than excess demand. This will likely bring more macro volatility and force policymakers to live with higher inflation.
Jan 18, 2022
We believe the historically low sum total of rate hike is key, not the timing. Learn more in the Global weekly commentary.
Dec 16, 2021
We are entering a new market regime unlike any in the past half century.
Dec 13, 2021
We take away three investing lessons of 2021. Read our take in the Global weekly commentary.
Nov 15, 2021
Inflation was a key topic at our 2022 Outlook Forum. Read about the discussions in our Global weekly commentary.
Oct 12, 2021
How to finance the net-zero transition in emerging markets.
Oct 4, 2021
What does the recent Treasury yield spike mean for investors? Read more in our Global weekly commentary.
Sep 27, 2021
The German election has left both the social-democrat SPD and conservative CDU/CSU with a shot at leading a moderate coalition government. Risk assets will likely be reassured that a left-wing alliance appears off the table, but we could see medium-term changes to the country’s fiscal stance, European and foreign policy approach, and climate agenda.
Sep 27, 2021
We stay tactically pro-risk amid the broadening economic restart. Read more in our Global weekly commentary.
Sep 27, 2021
We stay tactically pro-risk amid the broadening economic restart. Read more in our Global weekly commentary.
Sep 20, 2021
What does the latest debt ceiling showdown mean for markets? Read more in our Global weekly commentary.
Sep 15, 2021
The ECB's new framework marks another step in the global shift by central banks to adopt new strategies that carve out more policy space – now and in the future.
Aug 9, 2021
The U.S. appears to be passing the baton to Europe to lead the global economic restart. Read more in our Global weekly commentary.
Aug 2, 2021
We take stock of the latest policy moves in China. Read more in our Global weekly commentary.
Jul 26, 2021
How to take advantage of near-term market volatility? Learn more in our Global weekly commentary.
Jul 12, 2021
We remain pro-risk despite market volatility amid the powerful restart dynamics. Read more in our Global weekly commentary.
Jul 2, 2021
The restart of economic activity is real - and we remain pro-risk as it broadens. The more consequential question: What lies beyond?
Jun 21, 2021
The Fed is catching up with the powerful economic restart reality. Read more in our Global weekly commentary.
Jun 14, 2021
BlackRock’s senior executives and portfolio managers discuss what’s beyond the restart. Read more in our Global weekly commentary.
Jun 1, 2021
The policy revolution has far-reaching implications on our strategic asset views. Read more in the Global weekly commentary.
May 17, 2021
Why should you look through volatile near-term data and market volatility? Read more in the Global weekly commentary.
May 10, 2021
Markets are still grappling with the Federal Reserve’s new policy framework. Read more in the Global weekly commentary.
May 3, 2021
What will happen to inflation after an imminent peak? Read more in the Global weekly commentary.
Apr 26, 2021
A powerful economic restart is underway, we stay pro-risk and adjust our tactical views. Read more in the Global weekly commentary.
Mar 15, 2021
We lay out three reasons why we see a strong restart ahead – not a typical recovery. Read more in the weekly commentary.
Mar 1, 2021
We are incorporating the effects climate change into our return assumptions. Read more in our weekly commentary.
Feb 22, 2021
We share our latest asset view changes, including why we are downgrading government bonds tactically, in the weekly commentary.
Feb 22, 2021
The assumption that low interest rates are here to stay is based on a fragile equilibrium as debt rises sharply.
Feb 16, 2021
The fiscal debate has come into focus as rising debt levels and inflation one day may threaten the low-rate regime. Read our weekly commentary for insights.
Feb 8, 2021
The pandemic has accelerated structural trends. Read about what it means for investing in our weekly commentary.
Feb 1, 2021
Are equity valuations stretched? We think not. Read about why in our weekly commentary.
Jan 25, 2021
What do rising inflation expectations mean? Read our weekly commentary.
Jan 19, 2021
Read about investment implications of a bipolar U.S.-China world order.
Jan 11, 2021
Read about implications of the Democrats' new slim majority in Congress.
Jan 4, 2021
Read about three key lessons we learned from navigating markets in 2020.
Dec 29, 2020
We have entered a new investment order. The Covid-19 pandemic has accelerated profound shifts in how economies and societies operate.
Dec 14, 2020
Read about how to position strategic portfolios for the new nominal.
Dec 7, 2020
Read about the reason behind our pro-risk stance for 2021.
Nov 16, 2020
We discuss the implications of Covid vaccines on the 2021 outlook.
Nov 9, 2020
We discuss the investment implication of the U.S. election.
Nov 7, 2020
The U.S. election result was too early to call on Nov. 4, raising the prospect of a period of uncertainty as vote counting continues . We prefer to look past any volatility and stay with high-conviction positions.
Oct 29, 2020
We see a new investment landscape. The impact from Covid-19 will change the course of society, the economy and financial markets for years to come.
Sep 21, 2020
Read about the forces driving a higher inflation regime in coming years.
Sep 17, 2020
Inflation has persistently undershot central bank targets despite more than a decade of stimulus to revive it. Yet we see three new forces that may lead to a higher inflation regime than many investors are expecting.
Aug 24, 2020
Read about how to approach strategic asset allocations in the post-Covid world.
Jul 27, 2020
We show how sustainable investing can add real resilience to portfolios by highlighting an underappreciated climate-related risk: water stress.
Jun 29, 2020
Read about the key takeaways from our midyear outlook.
Jun 11, 2020
We discuss the significance of the unprecedented global policy response to the coronavirus crisis.
Jun 8, 2020
Read about the policy revolution in the weekly commentary.
May 26, 2020
We believe the virus shock spurs the need for a strategic asset allocation revamp.
May 11, 2020
We review our stance on euro area peripherals after a surprise German court ruling.
May 4, 2020
We see a need and opportunity to adjust strategic portfolios in the wake of the pandemic.
Apr 6, 2020
Global economic activity is not simply contracting. It is being deliberately frozen. Making sense of the ultimate macro implications for asset prices is about trying to get a grip on the orders of magnitude involved.
Mar 30, 2020
Portfolio resilience is top of mind during market turbulence. Our weekly commentary explains how sustainable investing fits in.
Mar 16, 2020
We do not see the coronavirus shock sparking a 2008-like crisis. Read why in our weekly commentary.
Mar 9, 2020
Market moves have been compounded by oil prices plunging more than 20% as an OPEC pact to stabilize prices unraveled. Read why investors should remain calm.
Mar 9, 2020
A decisive, pre-emptive and coordinated policy response to the coronavirus shock is needed to avoid persistent economic damage – and the end of the cycle.
Mar 9, 2020
A decisive monetary-fiscal policy action is key to combat the outbreak’s economic fallout. Read more in our weekly commentary.
Mar 2, 2020
How is the coronavirus outbreak affecting our outlook on global growth – and asset views? Learn more in our weekly commentary.
Feb 26, 2020
Many investors think they need to sacrifice returns when adopting sustainable investing. We disagree – and believe the opposite is true.
Jan 22, 2020
The macro debate tends to center on the state of the business cycle and the risk of a recession. We think that this is too narrow a question to ask. We consider a broad range of macro regimes that drive market returns.
Dec 9, 2019
Why should you read our 2020 Global outlook? We highlight the key takeaways in our weekly commentary.
Nov 11, 2019
What lies ahead in 2020? Our answer will depend on debates at our outlook forum this week. Read more in our weekly commentary.
Nov 4, 2019
The Federal Reserve has signaled the end of its rate cuts for now. What next? Read more in our weekly commentary.
Aug 14, 2019
We outline the contours of a framework for coordinated monetary and fiscal policy to fight the next downturn at a time when global yields are plumbing new depths.
Jun 17, 2019
The firm’s senior decision makers debated the midyear market outlook last week in London. We share the gist of our debates.
Jun 10, 2019
We share takeaways from a field trip to China amid rising U.S-China rivalry. Read details in our weekly commentary.
Jun 3, 2019
The Fed is considering a new policy framework to better steer inflation expectations. We examine the implications.
May 23, 2019
The Federal Reserve is reviewing its monetary policy strategy amid concerns that the current policy toolkit won’t be powerful enough to counter a future economic downturn. The Fed is considering options to steer inflation expectations that could have important economic and market implications.
Mar 8, 2019
We dissect the likely deterioration of corporate profit margins during the late phase of the business cycle, especially in the US, and what it means for equities and credit markets.
Mar 4, 2019
We explain why the premium commonly tied to illiquidity may be due to other factors, show how many investors have room for relatively large allocations to private markets depending on risk tolerance and their specific objectives, and outline our new method of estimating private equity returns.
Jan 9, 2019
We believe we are still early in the late phase of the US business cycle and that a recession in late 2019 is unlikely.
Dec 6, 2018
We introduce a new measure of financial conditions and explain what this means for the growth outlook.
Dec 2, 2018
We introduce a new framework for our new capital market assumptions and their use in strategic asset allocation. Incorporating uncertainty and moving away from point return estimates are important steps for building resilient portfolios. We offer a new toolkit that can allow investors to plan for downside scenarios and adjust their asset allocation around individual needs and objectives – including time horizons.
Nov 19, 2018
We introduce a new estimate of the short-term neutral rate of interest (r-star) and explain its significance for monetary policy and asset valuations.
Oct 11, 2018
We explain why we see elevated trade frictions as the biggest risk to the US-led expansion and spell out how prolonged tensions could damage confidence and risk assets. We also introduce a “nowcast” on global trade growth to track its momentum.
Aug 31, 2018
We explore the narrative behind quantitative tightening (QT) and explain why it is crucial to look at financial conditions more broadly – especially the importance of risk appetite and private sector balance sheets in creating credit.
Jul 11, 2018
Blending alpha-seeking and index products has become more challenging as the number of indices has increased and factor strategies have emerged to replicate what was previously alpha. We offer a framework that helps investors look past product labels, determine a blend of return sources to meet their individual needs and maximise the efficiency of a portfolio’s risk budget – a priority in a low-return environment.
Jul 2, 2018
We refresh our 2018 investment themes against a backdrop of rising economic uncertainty.
Jul 2, 2018
We refresh our 2018 investment themes against a backdrop of rising economic uncertainty.
Mar 23, 2018
We see greater economic uncertainty ahead: Hefty U.S. fiscal stimulus and the risk of trade wars create a wider array of potential outcomes – both positive and negative.
Feb 23, 2018
Downbeat estimates of potential growth may be due for an upgrade just as the stars align for a productivity pickup - helping keep US economic overheating contained.
Jan 11, 2018
The robust global economy, led by the US, is approaching full capacity. We dig into the effects of US fiscal stimulus and explain why the global expansion can last at least a few more years – and perhaps longer.
