Knowledge Center

Featured Topics: Alternatives , Equities , Fixed income , Market Insights , Multi asset , Emerging Markets

Mar 1, 2016
Brexit: Big risk, little reward

UK voters will decide in June if the country will stay in the European Union (EU) or exit the bloc. The upcoming referendum represents a critical juncture for the UK and EU alike, and comes at a time when the global outlook is clouded by unusual uncertainty.
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Topics: Market Insights
Mar 1, 2016
A Brighter Side for Emerging Markets

We believe now is the time to re-think exposures to Emerging Markets Debt. Many of the downside risks – falling commodity prices, RMB volatility, and heighted risk aversion – have largely been priced in. The dovish pronouncements by major central banks has helped reduce volatility, laying the foundation for generating yield. Under these conditions, we believe investors have an opportunity to use unconstrained strategies to capture alpha across EM Debt.
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Topics: Fixed income , Market Insights
Feb 5, 2016
Strategic Perspectives February 2016

We believe markets are poised for a slow but stable recovery despite recent volatility. Low but positive returns are expected from developed equities driven by earnings growth. In credit markets, valuations have cheapened but the risk of defaults in high-yield is up. In this environment, liability driven investors may be attracted to higher return foreign currency bonds. But they will need to assess added risks.
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Topics: Multi asset
Jan 1, 2016
China's Shift to Services

China's challenging transition to a services-led economy has captured the world's attention. The shift is well advanced but unevenly distributed, with pain in old-economy China and prosperity in new-economy China occurring simultaneously. Together, they reduce the likelihood that China will either soar or crash.
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Topics: Alternatives , Market Insights
Oct 21, 2015
The Mainstreaming of Renewable Power

Learn more about the drivers of growth, the regional trends and the investment opportunities in renewable power. These assets have been one of the fastest growing types of infrastructure over the past decade, with construction-stage investments one of the most sought after. This strong growth has been driven by the need to fulfill the world’s electricity demands and also supported by falling costs, improving technology, and public policy.
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Topics: Alternatives , Market Insights
Oct 18, 2015
Emerging Markets: A Roadmap for Recovery

Pockets of value are now appearing for investors in emerging market debt, but volatility remains high. The timing of a US rate hike, China’s slowdown, and falling commodity prices have weighed on sentiment. But promising signs have emerged and investors may now wish to dip their toes in to the asset class. We believe quality must trump yield in the current environment, and we see such opportunities in Mexico and Russia.
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Topics: Emerging Markets , Fixed income
Oct 11, 2015
The Price of Liquidity

In an era of low to zero-interest rates, bond market liquidity matters. But it can come at a significant cost as investors seek to rebalance portfolios and pursue higher-yield strategies. We believe understanding the fundamental sources of liquidity and risk can help investors better achieve their income objectives. Jeff Rosenberg shares his ‘Five C’s’ framework for assessing and pricing liquidity: Capacity, Cost, Consideration, Customisation, and Conditions.
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Topics: Fixed income

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2015 Insurance Survey

Growing pressure on the profitability of insurers has made boosting investment returns a top priority for the industry on a global basis. As a result, insurers have shown an increased appetite for higher-yielding opportunities, in particular private asset classes.