Insights

主に機関投資家のお客様向けのレポートを掲載しています

Filter by

Format

+—

Article

audio

Media Appearance

Video

Asset Class

+—

Alternatives

Equity

Fixed Income

Multi-Asset

Series

+—

2020 Outlooks

Consilient Observer

EDGE

Global Equity Observer

Global Fixed Income Bulletin

Global Multi-Asset Viewpoint

Market Pulse

News

PATH

Slimmon's TAKE

Market Alert

Takeaways & Key Expectations

Tales From the Emerging World

Themes

+—

Engagement Report

Resilience

Sustainable Investing

Investment Teams

+—

AIP Alternative Lending Group

AIP Hedge Fund Team

AIP Private Markets Team

Active International Allocation Team

Applied Equity Advisors Team

Counterpoint Global

Global Balanced Risk Control Team

Global Emerging Markets Team

Global Fixed Income Team

Global Liquidity Team

Global Multi-Asset Team

International Equity Team

Portfolio Solutions Group

Insight Type

+—

Sustainability Insight

Date Range

+—

All

Past Month

Past Quarter

Past Year

Market Pulse • 06-Jul-2020 • 6:36 Min
Will the Sizzle Fizzle? Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Insight Article • 01-Jul-2020

Climate Transition in a Portfolio Context: What Matters and What to Measure

Portfolio Solutions Group

The Morgan Stanley Institute for Sustainable Investing and the Portfolio Solutions Group examine the increasing trend of decarbonization in business and investment conversations, and explain why they believe this will give rise to compelling investment opportunities and affect the way that investors build and manage their portfolios.

9852467_Climate-Transition-in-a-Portfolio-Context_Insight-Tile-1x1

Global Multi-Asset Viewpoint • 30-Jun-2020
Stars Aligned for Higher Inflation Sergei Parmenov, Cyril Moulle-Berteaux MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: "Stars Aligned for Higher Inflation."

Market Pulse • 29-Jun-2020 • 7:00 Min
Policy or Pandemic: Which Will Drive Asset Prices? Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Resilience • 24-Jun-2020
Alternative Lending and the Resilient Consumer Kenneth Michlitsch Fintech-driven alternative lending exhibited resilience during the acute initial phase of the COVID-19 pandemic. Recent data supports continued optimism.

Investment Insight • 24-Jun-2020
Post-Crisis Private Markets Investing Portfolio Solutions Group In light of the extraordinary market disruption due to the spread of the COVID-19 pandemic, the PSG team considers the broader potential impacts of the current crisis on private markets and describes potential areas of investment opportunity going forward in the post-crisis environment.

Market Pulse • 22-Jun-2020 • 3:45 Min
Q3 2020: Better? Yes. But Good Enough? Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Market Pulse • 19-Jun-2020
Active Management in Fixed Income: Now More than Ever Jim Caron Given that interest rates are near zero, or negative, in many countries for the foreseeable future, will bonds be useful diversifiers in portfolios? Jim Caron, Global Fixed Income Portfolio Manager, thinks “yes” but the key is an actively managed focus on alpha.

PATH • 18-Jun-2020
Coronavirus: Fundamental weaknesses begin to hit home Andrew Harmstone, Manfred Hui, Christian Goldsmith In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

Market Pulse • 15-Jun-2020 • 8:12 Min
Credit Check with Richard Ford Richard Ford Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Global Fixed Income Bulletin • 15-Jun-2020
The Tide Turns: It’s More than Hope Global Fixed Income Team Despite unprecedented bad economic data and the uncertain course of the coronavirus, markets continued on an upward trajectory in May and rallied further.

Resilience • 15-Jun-2020
Long Short Equity Strategies: "Hedging" Your Bets Eric Stampfel Amid the market uncertainty caused by the COVID-19 pandemic, investors may be seeking ways to add resilience to their portfolios. Long-short equity strategies have the potential to deliver steady returns in volatile markets.

Market Pulse • 15-Jun-2020 • 5:48 Min
New Normal? No Such Thing. The Market is Just Establishing a New Range. Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Global Equity Observer • 12-Jun-2020
Unlocking the Future – The Post-COVID World William Lock, Bruno Paulson As lockdown measures ease, the International Equity Team considers how the global pandemic has demonstrated the importance of a digital presence for companies.

Liquidity Watch • 10-Jun-2020 • 3:51 Min
June FOMC Meeting Recap Brian Buck Brian Buck, Executive Director Morgan Stanley Global Liquidity, discusses the latest messaging from the Federal Reserve about monetary policy, including interest rates, and the implications for short-term investors. Listen now.

Consilient Observer • 09-Jun-2020
The Math of Value and Growth Counterpoint Global We show how corporate valuations change as we vary assumptions about growth, return on incremental invested capital, and the discount rate.

Tales From the Emerging World • 09-Jun-2020
The Era After the Coronavirus Ruchir Sharma Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, looks at the huge push the pandemic is giving his Four Ds—deglobalization, depopulation, declining productivity and rising government debt.

Market Pulse • 08-Jun-2020 • 6:31 Min
The Reopening Rally and the Fed’s Forward Guidance Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

PATH • 05-Jun-2020
Coronavirus: Who is the ‘Smart Money’ Investor? Andrew Harmstone, Manfred Hui, Christian Goldsmith In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

Takeaways & Key Expectations • 04-Jun-2020
Equity Market Commentary - May 2020 Andrew Slimmon Value stocks historically garner their biggest outperformance coming out of recessions. But investors' emotional conflict between recency bias and opportunity is more acute in this environment.

PATH • 04-Jun-2020 • 3:23 Min
Who is the ‘Smart Money’ Investor? [Audio] Christian Goldsmith, Andrew Harmstone Christian Goldsmith shares the GBaR team’s latest market views with a focus on the impact of coronavirus.

Liquidity Watch • 03-Jun-2020 • 9:50 Min
Negative Interest Rates and the Implications for Money Market Funds Robert Leggett Bob Leggett, Executive Director Morgan Stanley Global Liquidity, discusses considerations around negative interest rates and the implications for the money market fund industry. Listen now.

Market Pulse • 01-Jun-2020 • 6:36 Min
Follow the Money, Find the Performance Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Insight Article • 31-May-2020
Where To Next: A Framework For Resilience Nash Waterman The AIP Private Markets team explains their framework for selecting companeis and constructing a portfolio that seeks to withstand changes in the economic cycle.

Resilience • 31-May-2020
How to Remain Resilient through a Downturn Investing in stocks is risky—but historically it’s been a risk worth taking.

Convergence • 30-May-2020
Sustainability Research Counterpoint Global Counterpoint Global discusses how Sustainability Research is additive to their existing investment process and converges the pursuit of profits and purpose.

Media Appearance • 28-May-2020
Ruchir Sharma Authors Op-Ed in the New York Times Ruchir Sharma In “How the Pandemic Is Turning Us Inward” Ruchir Sharma, Chief Global Strategist and Head of Emerging Markets, speculates about COVID-19’s ability to accelerate trends that were already underway.

Market Pulse • 28-May-2020 • 3:05 Min
In a High Yield Minute [Audio] Sarah Harrison Corporate liquidity profiles have been severely challenged during the lockdown. Sarah Harrison, Head of European High Yield, believes the policy response in Europe so far has helped stem default rates, and further action has the potential to restore investor confidence in the European High Yield asset class. Listen now.

Sustainable Investing • 26-May-2020
Asset Owners See Sustainability as Core to the Future of Investing Morgan Stanley’s second Sustainable Signals survey of institutional asset owners provides key insights on current trends in sustainable investing.

Market Pulse • 26-May-2020
The Breadth of the Market Is Encouraging Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Resilience • 21-May-2020
Our Formula for Earnings Resilience Laura Bottega In our view, “the formula” for successful investing consists of two critical elements: pricing power and recurring revenues.

Resilience • 21-May-2020
Resilient by Design William Lock, Laura Bottega In this changing world, today and beyond the pandemic, global equity investors should be looking for companies that are resilient and portfolio management teams that can find them.

Consilient Observer • 20-May-2020
Myth Busting, Popular Delusions, and the Variant Perception Counterpoint Global We address four myths or popular delusions in the investment industry.

Insight Article • 20-May-2020
An Introduction to Alternative Lending Kenneth Michlitsch As investors grapple with the portfolio implications of a global pandemic, fintech-driven alternative lending may offer attractive absolute and risk-adjusted return characteristics. An allocation to this nascent private credit asset class may provide exposure to a secular shift in the way consumers and small businesses access capital.

Market Pulse • 18-May-2020 • 5:59 Min
Credit Check with Richard Ford Richard Ford Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Market Pulse • 18-May-2020 • 6:32 Min
Never Say Never: The Pros and Cons of Negative Interest Rates Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Global Fixed Income Bulletin • 15-May-2020
The Long and Winding Road Global Fixed Income Team There may be many twists and turns on the road to full economic recovery, but the longer your investment horizon, the more confident we believe you should be.

Global Equity Observer • 15-May-2020
The COVID-19 Accelerator Dirk Hoffmann-Becking, Nic Sochovsky Will COVID-19 be a great accelerator of existing forces and trends? The International Equity team explores.

Insight Article • 14-May-2020
Emerging Markets Debt Outlook: Surviving Outside the Tent Sahil Tandon, Mariano Pando Has the imminent demise of Emerging Markets been greatly exaggerated once again? Find out what the Emerging Markets Debt Team thinks.

Market Pulse • 13-May-2020
Where Are Bond Yields Going? It depends on what part of the curve you are asking about. Jim Caron The goal of the Fed’s policy response function is to prevent the liquidity crisis brought on by Covid-19 from becoming a solvency crisis. Jim Caron reviews the impact on bond yields.

Market Pulse • 11-May-2020
Jobs Report: Is the Worst Behind Us? [Audio] Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

TALES FROM THE EMERGING WORLD • 07-May-2020
Why Markets Are Partying Through the Pandemic Ruchir Sharma Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, explains why stock markets are rallying amid the worst economic crisis since the Great Depression.

Market Pulse • 07-May-2020 • 4:31 Min
Bank of England Update and U.K. Outlook [Audio] Anton Heese Anton Heese, European Macro Strategist for the Global Fixed Income Team, offers his perspective on the May 7 Bank of England Monetary Policy Decision. Listen now.

Market Pulse • 04-May-2020 • 8:51 Min
Credit Check with Richard Ford Richard Ford Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Market Pulse • 04-May-2020 • 4:30 Min
The Risks Ahead: An Historically Weak Jobs Report & New U.S./China Tensions Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Insight Video • 04-May-2020
Applied Equity Advisors Investment Process Leslie Delany, Andrew Slimmon A global, unconstrained and style flexible investment process lets Applied Equity Advisors “stay in the game” and take advantage of a wider set of investment opportunities.

Sustainable Investing • 30-Apr-2020
The Butterfly Effect & COVID-19: Six Implications for Sustainable Investing in an Interconnected World Navindu Katugampola COVID-19 is a disruption event with enormous personal, societal and economic repercussions. As fixed income investors, we are watching six implications of the pandemic for sustainable investing.

Market Pulse • 29-Apr-2020

The Fed: Playing a Strong Hand but Unwilling to Show Their Cards

Jim Caron

On April 29 the Fed indicated the need to keep credit flowing, for both for businesses and individuals. To date most of the Fed’s actions are supporting credit in the business sector, to the point where we do not believe the Fed has done enough with respect to consumer credit, particularly in light of their statements about keeping credit flowing to the “real economy.” Jim Caron looks at a Fed that is playing a strong hand, but unwilling to show all its cards.

Insight Article • 29-Apr-2020
Fintech Continues to Disrupt Consumer Lending Kenneth Michlitsch In this article, AIP Alternative Lending Group Portfolio Manager Ken Michlitsch shares his insights on why fintech continues to disrupt consumer lending.

Market Pulse • 27-Apr-2020 • 4:51 Min
Market Pulse with Jim Caron: A Big Week for Global Central Banks Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Market Pulse • 23-Apr-2020 • 04:24 Min
EM Leaders: Looking to Future Growth [Audio] Vishal Gupta Vishal Gupta, Portfolio Manager on the Global Emerging Markets team, discusses the impact of COVID-19 on the Emerging Markets Leaders strategy. Listen now.

Takeaways & Key Expectations • 23-Apr-2020
Equity Market Commentary - April 2020 Andrew Slimmon Yield curve signals. Bear markets. The “Reopening of the Economy” versus “Stay at Home” stocks. Andrew Slimmon, Head of the Applied Equity Advisor team, covers these topics – and much more.

Market Pulse • 23-Apr-2020 • 2:56 Min
The Case for EM in the Post-Pandemic World [Audio] Jitania Kandhari Jitania Kandhari, Head of Macroeconomic Research on the Global Emerging Markets team and portfolio manager for the Emerging Markets Breakout Nations and Active International Allocation strategies, provides timely insights on why we believe now is the time for emerging market equities. Listen now.

Market Pulse • 20-Apr-2020 • 6:21 Min
Whatever It Takes: Loan Programs, Oil & the Reopening of America Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Market Pulse • 20-Apr-2020
Recent Fed Actions: Implications for the High Yield Market Global Fixed Income Team The Fed’s involvement in the high yield market is unprecedented, so there is no prior history to look back upon as a guide. The Global High Yield team explores how the action could impact investors.

Global Fixed Income Bulletin • 16-Apr-2020
The End of the Beginning Global Fixed Income Team We’re hopeful that policy actions will help the economy return to normal as the health crisis recedes. But it remains unknown how deep and protracted the downturn will be as we’re held hostage to the path of the virus.

Market Pulse • 15-Apr-2020
Allocating Fixed Income Assets Through the Great Unknown Christian Roth We are facing a health crisis the likes of which we have not witnessed for close to a century. A seismic move to de-risk portfolios has created volatility and illiquidity not seen since 2008, and it is against this uncertain backdrop we invest today. Read more about the Global Fixed Income Team’s best thinking.

Market Pulse • 13-Apr-2020 • 6:36 Min
Market Pulse with Jim Caron: The Alphabet Soup of Liquidity & Solvency Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

PATH • 08-Apr-2020
Coronavirus: Markets’ excessive optimism Andrew Harmstone, Manfred Hui In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

TALES FROM THE EMERGING WORLD • 07-Apr-2020
The Strange Shape of the Coronavirus Crash Ruchir Sharma Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, makes the case for great opportunities in emerging markets in the After Coronavirus world.

Market Pulse • 06-Apr-2020 • 4:27 Min
Credit Beat with Joseph Mehlman Joseph Mehlman Joseph Mehlman, Head of U.S. Credit, provides timely insights on the fast-changing world of U.S. credit markets. Listen now.

Market Pulse • 06-Apr-2020 • 4:44 Min
Credit Check with Richard Ford Richard Ford Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Market Pulse • 06-Apr-2020 • 6:15 Min
Market Pulse with Jim Caron: A Silver Lining - Volatility Is Dropping Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Sustainable Investing • 03-Apr-2020
Debunking Six Myths About Climate Investing Vikram Raju AIP Private Markets’ Head of Impact Investing finds that solutions to climate change are nuanced and may generate compelling investment opportunities.

Market Pulse • 02-Apr-2020
Building a Better Transmission Mechanism: Extending Credit to the Real Economy Jim Caron It's critical to understand the policy reaction functions designed to support markets during times of crisis because it provides insight into which assets may perform best as the economy moves out of the crisis environment.

Market Pulse • 02-Apr-2020
Active International Allocation - Market Commentary Jitania Kandhari, Ben Rozin The MSIM Active International Allocation Team offers their perspective on the global markets and the AIA portfolio in the context of the COVID-19 pandemic.

Market Pulse • 31-Mar-2020
Rating Agencies Action Summary Global Fixed Income Team The COVID-19 crisis has disrupted supply chains of many companies and caused commodity prices to fall. How will rating agencies react to this disruption? The Global Credit research team explores.

Insight Article • 31-Mar-2020
Increasing Duration Opens Up New Realms for the Private Equity Secondaries Market AIP Private Markets Team The AIP Private Markets Team explores possible solutions to check or reverse the upward trend in duration and allay investors' concerns about increasing their allocation to private equity.

Global Equity Observer • 31-Mar-2020
In Search of Resilience William Lock, Bruno Paulson In unprecedented times, resilience is essential. How can investors build a resilient portfolio in tough times? Bruno Paulson explains.

Engagement Report • 30-Mar-2020
Engage - Spring 2020 International Equity Team The latest edition of Engage, the International Equity Team’s semi-annual update on their ESG engagement activity.

Path • 27-Mar-2020
Coronavirus: Focus shifts to the US Andrew Harmstone, Manfred Hui, Christian Goldsmith In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

Insight Article • 24-Mar-2020
The Rise of Hedge Fund Co-Investments Jarrod Quigley Hedge fund co-investments have an important role to play in client portfolios, explains AIP Hedge Fund Solutions Team Managing Director Jarrod Quigley.

Market Pulse • 23-Mar-2020 • 7:56 Min
Market Pulse with Jim Caron: Encouraging Signs Emerging From Fed & Fiscal Responses Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

Path • 23-Mar-2020

Five Sectors That Cannot Escape Climate Change

Andrew Harmstone

Climate change is inescapable and many—if not all—governments are responding more decisively than ever. A significant risk is that markets are not pricing in the effects of these policy responses quickly enough. We explore five sectors—financial services, mining, oil and gas, utilities and autos—likely to be hit the hardest.

Consilient Observer • 20-Mar-2020
BIN There, Done That Counterpoint Global To improve your forecasting skills, try decreasing noise. Analyzing superforecasters reveals forecasters can be trained to more effectively update their views, reduce bias and reduce noise.

PATH • 20-Mar-2020
Coronavirus: At last - initial signs of credible action Andrew Harmstone, Manfred Hui In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

Global Equity Observer • 17-Mar-2020
Financing Climate Change William Lock, Bruno Paulson, Dirk Hoffmann-Becking Banking regulation may force the economy to shift towards a less carbon intensive model more quickly than expected. The International Equity Team discusses.

Market Pulse • 13-Mar-2020
European Central Bank: Looking for Silver Linings in Disappointment Anton Heese The initial market response to the European Central Bank (ECB) meeting on March 12th was disappointment – equity prices fell while Bund yields rose, depsite the ECB actually delivered nearly everything analysts had been expecting from it.

Market Pulse • 11-Mar-2020
Energy Market Turmoil: What's Next? Global Fixed Income Team After what was supposed to be a coordinated supply cut by OPEC+ to balance markets and keep oil prices high, Saudi Arabia and Russia instigated an oil price war.

Market Pulse • 11-Mar-2020
Coronavirus: Positioning Portfolios for a Delayed Recovery Andrew Harmstone, Christian Goldsmith In this article, the GBaR team provides an update on its latest market views and asset allocation positioning in light of the spreading impact of the coronavirus.

Tales From the Emerging World • 10-Mar-2020
Our Coronavirus Worries Are a Bit Different Ruchir Sharma Ruchir Sharma, Head of Emerging Markets and Chief Global Strategist, offers his perspective on the burgeoning coronavirus epidemic and its potential impact on the markets.

Insight Article • 09-Mar-2020
Living on the Edge William Lock, Laura Bottega Late cycle investors considering a bumpier ride for markets may wish to revisit the attractions of truly active investing to bridge any potential yawning chasms ahead.

Engagement Report • 06-Mar-2020
ESG and Sustainable Investing Report Kristian Heugh, Marc Fox The Global Opportunity team shares its annual report on ESG engagement activity.

Market Pulse • 03-Mar-2020
Emergency Fed Cut: Not a Vaccine, but a Treatment for Symptoms Jim Caron On March 3, the Federal Reserve cut rates by 50 basis points (bps) to between 1-1.25%. What should fixed income investors make of this move?

Market Pulse • 02-Mar-2020
Update on Coronavirus and the Markets Global Fixed Income Team By now it’s clear the Coronavirus will have at least a short-term impact on the global economy. The question is, how do fixed income investors move forward?

Global Multi-Asset Viewpoint • 02-Mar-2020
Global Recovery Delayed, But Not Derailed Sergei Parmenov, Cyril Moulle-Berteaux MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Global Recovery Delayed, But Not Derailed."

Global Fixed Income Bulletin • 29-Feb-2020
It’s All About the Virus Global Fixed Income Team It’s now clear the coronavirus pandemic will have a meaningful impact on the global economy. As long as the virus’s impact remains disruptive rather than destructive, we should be fine, eventually.

Sustainable Investing • 28-Feb-2020
Why ESG in Fixed Income Investing? Joseph Mehlman Portfolio Manager Joe Mehlman explores the beliefs underpinning the Global Fixed Income team's approach to ESG.

Sustainable Investing • 28-Feb-2020 • 2:14 Min
Four Reasons to Incorporate ESG in Sovereign Bond Investing Jim Caron Head of Global Macro Strategies Jim Caron discusses the potential benefits of using ESG in fixed income.

Sustainable Investing • 28-Feb-2020
A Systematic Approach to ESG Integration Joseph Mehlman Head of Credit Joe Mehlman explains how the team incorporates ESG factors in their investment process.

Sustainable Investing • 28-Feb-2020
ESG: An Essential Component to Securitized Assets Gregory Finck Gregory Finck explains what makes securitized assets a natural fit for incorporating ESG principles.

Market Pulse • 25-Feb-2020
How to Read the Drop in U.S. Treasury Yields Jim Caron The U.S. 10 Year has reached historic lows. Jim Caron explores what that could say about the state of the U.S. economy.

2020 Outlook • 20-Feb-2020 • 4:25 Min
VIDEO: Not the Usual Suspects Andrew Harmstone This video provides a short summary of GBaR Team's Outlook for 2020

Takeaways & Key Expectations • 14-Feb-2020
Equity Market Commentary - Feb 2020 Andrew Slimmon In his February commentary, Andrew Slimmon muses about the global equity market and wonders whether it has “gone off its rocker” considering the agitated state of affairs in the U.S. and the world.

Market Pulse • 12-Feb-2020
The Coronavirus and Its Impact on the Global Market Jim Caron What will be the long-term impact of the Coronavirus on the global economy? Jim Caron thinks it all depends on the shape of the eventual recovery.

2020 Outlook • 10-Feb-2020
Fading the U.S. FOMO Market and Five Keys to Outperformance in 2020 Jitania Kandhari, Ben Rozin If "fear of missing out" has propelled the U.S. stock market over others, what can investors expect from the early years of the 2020s and the decade to come? The Active International Allocation team outlines their five key investment expectations.

Takeaways & Key Expectations • 31-Jan-2020
Equity Market Commentary - January 2020 Andrew Slimmon Andrew Slimmon recaps 2019, highlighting the benefits of managing style-unconstrained strategies. Going into 2020 he acknowledges that the equity market is a complex beast, yet finds it remarkable how consistently it behaves relative to history.

Global Equity Observer • 31-Jan-2020
The Second Mountain Laura Bottega, Bruno Paulson Today’s environmental and social issues offer businesses ample opportunity to focus on purpose as well as profit.

2020 Outlook • 24-Jan-2020
Not the Usual Suspects Andrew Harmstone World economic growth appears sufficiently robust to resist recession, but is slowing enough to prompt some governments to implement fiscal stimulus programmes. Heading into 2020, we see the brightest spots for return potential as being outside the usual suspects.

Market Pulse • 12-Jan-2020
If the economy is so darn good, why are yields so darn low? Jim Caron Data is getting better, but bond yields are not following. What's going on here? Jim Caron explains.

Insight Article • 07-Jan-2020
Managing Downside Risk with Global Macro Strategies Robert M. Rafter Amid concerns about potentially unsteady and down markets, we believe two of the strategies employed by global macro managers are particularly worthy of consideration today: tail risk and long volatility.

Global Equity Observer • 31-Dec-2019
Between Scylla and Charybdis William Lock, Bruno Paulson How a quality bias helps investors steer between the twin perils of recession and inflation.

Market Alert • 31-Dec-2019 • 4 Min
Don’t Overreact to an Early January Andrew Slimmon Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

Market Pulse • 18-Dec-2019
U.S. - China Phase 1: More a Truce Than a Deal, but a Step in the Right Direction Jim Caron On December 15 the U.S. and China stopped the “rock throwing” as no new tariffs were announced by either of the antagonists. And while there is no official deal in place, this “truce” is clearly a good first step, as outlined by Jim Caron.

Market Pulse • 13-Dec-2019
December FOMC: Connecting the Dots Jim Caron After three rate cuts in 2019, the Fed indicated that it would not touch rates in 2020, instead forecasting that its next action would be a rate increase in 2021. The market, however, has a different view, pricing in a rate cut at the end of 2020.

Takeaways & Key Expectations • 05-Dec-2019
Equity Market Commentary - December 2019 Andrew Slimmon In his December commentary Andrew Slimmon talks about staying in the moment and focusing on “where we are NOW,” not where we might be six months or a year from now.

Insight Article • 04-Dec-2019
Alternative Risk Premia: Taking Control of Your Exposures Patrick Reid, Gary Chan ARP have the potential to mitigate downside risk, while in many cases still generating positive returns in a liquid and costefficient way.

Market Alert • 04-Dec-2019 • 4 Min
Capitulation is Just Commencing Andrew Slimmon Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

Insight Article • 02-Dec-2019

Alternative Lending: Why Today and Through the Credit Cycle?

Kenneth Michlitsch

Against a backdrop of low interest rates and tight corporate credit spreads, investors struggle to find sufficient yield from traditional fixed income. Fintech-driven alternative lending is a nascent, consumer-focused private credit asset class that potentially offers yield pick-up, as well as duration and diversification benefits.

Global Equity Observer • 29-Nov-2019
The ESG Advantage Vladimir Demine, William Lock, Bruno Paulson Does investing in companies with sound ESG practices mean investing in better companies?

Market Pulse • 27-Nov-2019
Top 10 for ‘20 Jim Caron In our view, 2019 was a mid-cycle reset where the Fed cut rates three times, capital expenditure bottomed out and global GDP slowed. The bad news is that yields are low and investors are long on duration, a big risk given that the Fed will likely stay on the sidelines and not lower rates in 2020.

Market Pulse • 19-Nov-2019
From Mid-Cycle Reset to Cyclical Recovery Jim Caron This time last year the market projected the economy was headed into a recession, and the Fed engaged in a policy mistake by planning to hike rates above 3.00%. Instead, what we realized was 75bps of rate cuts along with cuts from global central banks and a restart of quantitative easing (QE).

Global Fixed Income Bulletin • 18-Nov-2019
Normalization Continues Global Fixed Income Team In many ways, October was a continuation of the developments that started in September. Yet the Global Fixed Income Team now believes fixed income markets have reached a fork in the road: Either data will get better as geopolitical risks recede, or we will return to trade war concerns and deteriorating economic fundamentals.

Sustainable Investing • 14-Nov-2019
ESG Investing: Living in a Material World Leslie Delany Can exemplary corporate behavior on ESG issues really translate into better financial results and improved stock price performance? In our mind, the answer is a resounding yes. The key is materiality.

Takeaways & Key Expectations • 14-Nov-2019
Equity Market Commentary - November 2019 Andrew Slimmon In his latest commentary Andrew Slimmon notes that the S&P 500 has finally broken out of its year-and-a-half trading range, and could end the year near 3200.

Market Alert • 13-Nov-2019 • 4 Min
The S&P 500 Has Broken Out to New Highs, Now What? Andrew Slimmon Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

Insight Article • 07-Nov-2019
The Real Problem with Low Yields Jim Caron Fixed income plays a special role in managing risk because it tends to be a safer, more liquid and less volatile asset. We still think that is largely true, however, there is a catch. Traditional bond strategies may be less effective in acting as a hedge and also have less appreciation potential than when yields were higher.

Global Equity Observer • 31-Oct-2019
Exploring Pricing Power William Lock, Dirk Hoffmann-Becking, Bruno Paulson Why is pricing power important? The International Equity Team explains why it is a key attribute of quality compounders.

Market Alert • 25-Oct-2019 • 4 Min
Market Alert with Andrew Slimmon Andrew Slimmon Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities.

Insight Video • 22-Oct-2019
3Q19 Review/Outlook: Global Fixed Income Opportunities Christian Roth The direction and magnitude of interest rate moves over the past year has been truly breathtaking. Chris Roth discusses the catalysts for these changes.

Engagement Report • 22-Oct-2019
Engage - Fall 2019 International Equity Team The latest edition of Engage, the International Equity Team’s semi-annual update on their ESG engagement activity.

Global Fixed Income Bulletin • 17-Oct-2019
Reversal Month Global Fixed Income Team What three principle reasons led to the sell-off in September and how have they impacted our positioning? The Global Fixed Income Team discusses.

Insight Video • 14-Oct-2019
VIDEO: Peak Car—or Just Bumps in the Road? Andrew Harmstone, Christian Goldsmith This video provides a short summary of the latest Andrew Harmstone Monthly Commentary article.

Sustainable Investing • 10-Oct-2019

ESG and Sovereign Fixed Income Investing: A Better Way

Teal Emery, Jim Caron

As environmental, social and governance (ESG) factors become more broadly incorporated into investment decision-making, sovereign fixed income investors are grappling with the best way to benchmark and quantify these factors across a diverse group of countries. Morgan Stanley Investment Management has developed what we consider to be a better approach.

insight-esg-sovereign-fixed-income-investing-tile

PATH • 30-Sep-2019

Insights

Filters