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Market Pulse • 06-abr-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-abr-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-abr-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-abr-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.

News • 03-abr-2020
Coronavirus: End of Q1 – time to take stock 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.

Path • 02-abr-2020 • 2:43 Min
Coronavirus: End of Q1 – Time to Take Stock [Audio] Andrew Harmstone, Christian Goldsmith Christian Goldsmith, Portoflio Specialist for the GBaR Team, shares the team’s latest market views with a focus on the impact of coronavirus.

Market Pulse • 02-abr-2020
Fixed Income Market Update Michael Kushma, Richard Ford, Richard Class The Global Fixed Income team presented an update on the Fixed Income Market on 2 April 2020.

Market Pulse • 02-abr-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-abr-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.

Market Pulse
The Resilience Afforded by High Quality Companies International Equity Team The International Equity team shares their views on the potential impact of the pandemic through the lens of the team’s quality focused investment approach. Listen now.

Sustainable Investing • 31-mar-2020
2019 Global Stewardship Report Our 2019 Global Stewardship Report showcases how MSIM is advancing sustainable investing through ESG integration and engagement. The report highlights sustainability engagement case studies on key themes and across investment teams, Firmwide proxy voting statistics and industry collaboration on sustainability initiatives

Market Pulse • 30-mar-2020 • 5:52 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 • 30-mar-2020
Market Pulse with Jim Caron Jim Caron Jim Caron, Head of Global Macro Strategies, provides timely insights on what’s driving fixed income markets today. Listen now.

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.

PATH • 27-mar-2020 • 1:41 Min
Coronavirus: Focus Shifts to the US AUDIO Christian Goldsmith, Andrew Harmstone Christian Goldsmith, Portfolio Specialist for the GBaR Team, shares the team’s latest market views with a focus on the impact of coronavirus.

Market Pulse • 27-mar-2020
Fixed Income Market Update Michael Kushma, Richard Class Michael Kushma, Chief Investment Officer of Global Fixed Income, and Richard Class, Head of Product Development for EMEA and European Multi Sector Strategies, Portfolio Manager, presented an update on the Fixed Income Portfolio on 26 March 2020.

Market Alert • 26-mar-2020 • 3:39 Min
Market Alert with Andrew Slimmon: Is The Relief Rally Here? 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 • 26-mar-2020
Addressing the Coronavirus Impact: China Equity Portfolio Global Emerging Markets Team Despite the economic impact of COVID19, on-shore and off-shore China markets continue to offer exposure to a wide breadth of companies and sectors not readily available elsewhere, in the view of Investment Management’s Global Emerging Markets Equity team.

Market Pulse • 26-mar-2020
Addressing the Coronavirus Impact: Emerging Markets Leaders Portfolio Global Emerging Markets Team High quality companies in emerging markets are likely to strengthen their dominance after recovery from the COVID-19 crisis gets underway, says Investment Management’s Global Emerging Markets Equity team.

Market Pulse • 26-mar-2020

Addressing the Coronavirus Impact: Frontier Markets Portfolio

Global Emerging Markets Team

Leaders in the next decade will likely include frontier markets, such as Vietnam, Egypt and Indonesia, according to Investment Management’s Global Emerging Markets Equity team. Our Frontier strategy remains focused on quality growth companies despite the coronavirus and we believe investments will emerge stronger relative to competitors.

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Market Pulse • 26-mar-2020
Addressing the Coronavirus Impact: Emerging Markets Equity Portfolio Global Emerging Markets Team Even before the corona-induced sell-off, emerging market equities were cheap relative to the US and their own history. After the COVID-19 drawdown, valuations present an extraordinarily attractive entry point, says Investment Management’s Global Emerging Markets Equity team.

Market Pulse • 25-mar-2020
High Yield Outlook: Current Risks and Opportunities Global Fixed Income Team Historically, high yield has proven itself to be resilient. It is our view that active managers have the potential to outperform, avoid problematic sectors, and minimize default losses.

Market Pulse • 24-mar-2020 • 7:30 Min
Credit Check with Richard Ford Global Fixed Income Team Credit markets have been under tremendous pressure. What should investors think? Richard Ford, Global Head of Credit, offers his views. Listen now.

Market Pulse • 23-mar-2020
Liquidity vs. Solvency = Fed vs. Fiscal Stimulus Jim Caron The Fed is taking unprecedented action to help prevent a liquidity crisis from turning into a solvency crisis. Jim Caron explores what's been done so far.

Market Pulse • 23-mar-2020
Coronavirus Update: The Outlook for Global Credit Richard Ford Richard Ford, Head of Credit with the Global Fixed Income Team, discusses the potential impact of the coronavirus on global credit markets.

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

Cinco sectores que no pueden escapar del cambio climático

Andrew Harmstone

Resulta imposible escapar del cambio climático y numerosos gobiernos, si no todos, están respondiendo a dicho desafío con más decisión que nunca. Un riesgo significativo es que los mercados no están descontando con la suficiente rapidez los efectos de las políticas desplegadas a modo de respuesta. Analizamos los cinco sectores —servicios financieros, minería, petróleo y gas, suministros y automóviles— que quizá sean los más afectados.

Market Pulse • 22-mar-2020
MS INVF Global Asset Backed Securities Fund: Global Coronavirus Update (March 20) Global Fixed Income Team The team continues to meticulously monitor the situation and the effects on securitized assets and is actively managing our portfolios as the story continues to develop.

Insight Article • 20-mar-2020
BIN There, Done That Counterpoint Global BIN There, Done That - How to Reduce the Sources of Forecasting Error

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.

PATH • 20-mar-2020 • 01:55 Min
Coronavirus: At last - initial signs of credible action AUDIO Christian Goldsmith, Andrew Harmstone Christian Goldsmith shares the team’s latest market views with a focus on the impact of coronavirus.

Market Pulse • 19-mar-2020
Fixed Income Portfolio Update Michael Kushma, Richard Class Michael Kushma, Chief Investment Officer of Global Fixed Income, and Richard Class, Head Product Development for EMEA and European Multi Sector Strategies Portfolio Manager, presented an update on the Fixed Income and a Portfolio on 19 March 2020.

Slimmon's Market Alert • 18-mar-2020 • 3:29 Min
Flattening the Curve is Flattening the Market. At Least for Now. 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-mar-2020
International Equity Team: Coronavirus Impact: Global Brands/Franchise, Quality and Sustain Funds International Equity Team Against the backdrop of a major health crisis and global shock to corporate earnings driving a market correction, the International Equity team’s portfolios remain defensively positioned.

Market Pulse • 17-mar-2020
International Equity Team: Coronavirus Impact: International Equity Fund International Equity Team Against the backdrop of a major health crisis and global shock to corporate earnings driving a market correction, the International Equity team’s portfolios remain defensively positioned.

Market Pulse • 17-mar-2020
High Yield Update: Uncertainty Likely To Continue Global Fixed Income Team The coronavirus spread has continued to play out as many predicted but the market has clearly been disappointed in the policy responses received to date.

Global Equity Observer • 17-mar-2020
Financiación para combatir el cambio climático William Lock, Bruno Paulson, Dirk Hoffmann-Becking La regulación bancaria puede forzar a la economía a virar hacia un modelo con menos emisiones de carbono más rápidamente de lo previsto. El equipo International Equity aborda la situación.

Market Pulse • 15-mar-2020
Global Fiscal Stimulus Scorecard: The Cavalry is Coming, but Slowly & Arguing About Which Horse to Ride. Global Fixed Income Team Monetary policy has been exhausted. Now, we turn toward fiscal stimulus and market support policies. According to Jim Caron, the calvalry is coming, but slowly and arguing which horse to ride.

PATH • 13-mar-2020 • 3:24 Min
GBaR: Latest Market Update Andrew Harmstone Andrew Harmstone shares the team’s latest market views with a focus on the impact of coronavirus.

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 • 12-mar-2020
MS INVF Global Asset Backed Securities Fund: Global Coronavirus Update Global Fixed Income Team The U.S. Securitized Team is diligently monitoring the Coronavirus and any implications that it may have on securitized assets and is actively managing our portfolios as the story continues to develop.

Market Pulse • 12-mar-2020
International Equity Team: Coronavirus Impact: Global Brands/Franchise, Quality and Sustain Funds International Equity Team The International Equity Team monitors the direct market effects of the virus, and the indirect effects of the change in the macro environment on defensively positioned global portfolios.

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.

Market Alert • 10-mar-2020 • 7:01 Min
Market Alert with Andrew Slimmon: How Much More Pain Is There? 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 • 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.

Macro Insight • 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.

Sustainable Investing • 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?

Slimmon's Market Alert • 02-mar-2020 • 4:26 Min
Is the Recession Scare Fully Priced In? 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 • 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?

PATH • 02-mar-2020
Coronavirus: Seeking to Protect GBaR Portfolios from Tail Risk Global Balanced Risk Control Team As the impact of the coronavirus (COVID-19) continues to threaten economic growth, the GBaR team discusses its implications and explains the steps the team has taken to manage portfolio tail risk.

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 Virus Global Fixed Income Team Ya es evidente que la pandemia de coronavirus imprimirá un efecto sustancial en la economía global. Es de esperar que, mientras los efectos del virus sigan siendo disruptivos y no destructivos, la situación pueda controlarse.

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.

2020 OUTLOOK • 28-feb-2020 • 4:26 Min
VIDEO: Más allá de las oportunidades habituales Andrew Harmstone Vídeo resumen de las perspectivas del equipo GBaR para 2020

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.

Slimmon's Market Alert • 26-feb-2020 • 4:40 Min
Another Recession Scare? 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 • 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.

Global Multi-Asset Viewpoint • 24-feb-2020
Inflation Worries Premature Cyril Moulle-Berteaux, Sergei Parmenov MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Inflation Worries Premature."

Insight Article • 21-feb-2020
Bond Yields Will Rise, But When? Jim Caron U.S. bond yields have been declining for four decades. Jim Caron explores what could make the the next decade different.

Global Fixed Income Bulletin • 15-feb-2020
Just When You Thought It Was Safe to Go Back in the Water... Global Fixed Income Team Although markets grappled with conflicting forces in January – upbeat economic data versus the coronavirus risk – the Morgan Stanley Global Fixed Income Team explain their cautious optimism.

Insight Article • 14-feb-2020
Applied Equity Advisors: Feb 2020 - Bullish Capitulation – Real Time 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.

Insight Article • 11-feb-2020
AIP Hedge Fund Solutions Team Review and Outlook Christopher Morser The AIP Hedge Fund Solutions Team provides its view on recent performance of the hedge fund industry and its outlook for hedge fund strategies going forward.

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.

Slimmon's Market Alert • 03-feb-2020 • 4:26 Min
Time to Panic or Time to Buy? 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 • 31-ene-2020
Applied Equity Advisors Monthly 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.

Insight Article • 31-ene-2020
Opportunities in A-shares Global Emerging Markets Team MSCI’s inclusion of China A-shares into global indices will undoubtedly boost investor focus. The Global Emerging Markets Team discusses opportunities in this vast and largely uncharted portion of China’s complex markets.

Global Equity Observer • 31-ene-2020
La segunda montaña Laura Bottega, Bruno Paulson Los problemas medioambientales y sociales actuales ofrecen a las compañías amplias oportunidades para concentrarse en el propósito, así como en los beneficios.

Sustainable Investing • 31-ene-2020
Diving Below the Surface: ESG Integration in Emerging Markets Global Emerging Markets Team The Global Emerging Markets Team demonstrate how monitoring progress on ESG issues – through engagement with companies’ management teams – helps them build a more complete picture of the growth opportunities and risks in their portfolio.

Video de opinión • 30-ene-2020 • 2:45 Min
Revisión/Perspectiva 4T 2019: Global Fixed Income Opportunities Jim Caron Pensamos que las oportunidades de inversión en 2020 se encontrarán en los sectores de mercado más cíclicos y menos sensibles a los tipos.

2020 Outlook • 24-ene-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.

2020 Outlook • 24-ene-2020

Perspectiva para 2020: Más allá de las oportunidades habituales

Andrew Harmstone

El crecimiento económico mundial parece suficientemente sólido para evitar una recesión, pero existen signos de que se esté ralentizando lo necesario para llevar a algunos gobiernos a aplicar programas de estímulo fiscal.De cara a 2020, consideramos que las mejores oportunidades de rentabilidad se sitúan fuera de los ámbitos habituales.

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Global Fixed Income Bulletin • 15-ene-2020
Viviendo la buena vida otra vez... ... pero ¿por cuánto tiempo? Global Fixed Income Team Ante el destacado final de 2019, ¿qué nos deparará el nuevo año? El equipo Global Fixed Income de Morgan Stanley expone su perspectiva sobre las oportunidades de inversión que nos depara 2020.

Sustainable Investing • 15-ene-2020
Bondholders to Companies: Let's Talk About Climate Change Global Fixed Income Team As the cost of climate change-related natural catastrophes grows, for the first time bondholders are pressing their portfolio companies about risks and other ESG topics.

Insight Article • 14-ene-2020
Diverging Markets Demand Discerning Investors Real Assets Research and Investing Team While the global property market will continue to produce a robust flow of investment opportunities in 2020, the dispersion between countries, markets, sectors and asset types will likely require investors to deploy capital more thoughtfully.

Market Pulse • 12-ene-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-ene-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.

Insight Article • 07-ene-2020
Long-Short Equity Strategies - “Hedging” Your Bets Eric Stampfel Faced with market uncertainties, investors may be seeking ways to de-risk. Long-short equity strategies have the potential to provide steady gains even in down markets.

2020 Outlook • 02-ene-2020

Time to View Hedge Funds through a Different Lens

Mark van der Zwan

While the outlook for equity and fixed income returns is uninspiring, this is precisely the type of environment in which hedge funds have the potential to perform well. Representing the most unconstrained form of active management, hedge funds are designed to exploit and amplify opportunities in ways that passive and long-only active strategies can’t.

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Global Equity Observer • 31-dic-2019
Entre Escila y Caribdis William Lock, Bruno Paulson Cómo un sesgo hacia la calidad ayuda a los inversores a enfrentarse a los peligros que suponen la recesión y la inflación.

Sustainable Investing • 31-dic-2019
Impulsar el valor en renta fija a través de factores ESG Joseph Mehlman, Sarah Harrison, Stella Ma ¿Pueden los inversores incorporar factores ESG a sus carteras sin renunciar a la rentabilidad? El equipo Global Fixed Income considera que la respuesta es un sí rotundo.

Slimmon's Market Alert • 31-dic-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-dic-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.

2020 Outlook • 18-dic-2019
2020 Emerging Markets Debt Outlook: Differentiation over Duration Sahil Tandon, Warren Mar, Eric Baurmeister What forces will shape emerging markets fixed income next year? The Global Fixed Income team offers their view on what to expect in 2020.

2020 Outlook • 18-dic-2019
Perspectiva de mercado en 2019 Crédito global: Un año con dos partes: lo técnico es temporal, la calidad es permanente Global Fixed Income Team 2019 fue un año estable para el crédito. ¿Sucederá lo mismo en 2020? El equipo Global Fixed Income de Morgan Stanley comparte su perspectiva para un año que debería ofrecer numerosas oportunidades para los gestores activos.

Market Pulse • 13-dic-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.

2020 Outlook • 09-dic-2019
2020 Public Infrastructure Outlook Global Listed Real Assets Team A variety of economic and structural tailwinds helped spur global listed infrastructure’s strong 2019 performance. The Global Listed Real Assets team takes a sector-based approach in examining those trends in 2020.

2020 Outlook • 08-dic-2019

Perspectiva para la renta fija en 2020: Del reajuste a la recuperación

Jim Caron

En 2019, los bancos centrales recortaron los tipos de interés agresivamente e hicieron bajar las rentabilidades de los bonos para evitar una recesión, que finalmente nunca llegó. Consideramos que la oportunidad de inversión de cara a 2020 se halla en los sectores del mercado cíclicos y menos sensibles a los tipos de interés que están preparados en caso de que se produzca una recuperación.

Insight Article • 05-dic-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-dic-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.

Slimmon's Market Alert • 04-dic-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-dic-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.

Sustainable Investing • 30-nov-2019
Plásticos de un solo uso en el sector consumo estable Vladimir Demine, Nic Sochovsky El uso de los embalajes de plástico ha crecido exponencialmente en los últimos cincuenta años.Analizamos cómo las compañías de bienes de rápido consumo están abordando este problema crítico y su impacto potencial en los costes operativos y los beneficios.

Global Fixed Income Bulletin • 30-nov-2019
La música sigue sonando Global Fixed Income Team El rentabilidad desigual del mercado de bonos de diciembre, incluso aparentemente aleatorio, refuerza nuestra tesis de que hay pocos temas a los que los inversores puedan aferrarse.

2020 Outlook • 30-nov-2019
El menor crecimiento se fundamenta en “las 4 Ds" Ruchir Sharma Nuestra perspectiva para 2020 no es alcista o bajista, sino simplemente realista.Consideramos que “las 4 Ds" —despoblación, descenso de la productividad, desglobalización y deuda — ralentizarán el crecimiento en todo el mundo en 2020.

2020 Outlook • 30-nov-2019
Nadando a contracorriente Matthew Leeman Invertir en renta variable europea es, en ocasiones, como nadar a contracorriente.2020 depara oportunidades atractivas para los inversores dispuestos a estar al tanto,pues las mareas cambian.

Global Equity Observer • 29-nov-2019
La ventaja ESG Vladimir Demine, William Lock, Bruno Paulson ¿Invertir en compañías que incluyen criterios ESG significa invertir en mejores compañías?

Insight Video • 28-nov-2019
Why Invest in Emerging Markets Small Caps? Omair Ansari Why Invest in Emerging Markets Small Caps? With little sell side coverage and so many growing companies, the small cap space offers high information inefficiencies with less volatility at an attractive price. And we believe their time is now.

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

Continúa la normalización

Global Fixed Income Team

En muchos aspectos, octubre fue una continuación de los acontecimientos que comenzaron en septiembre. Sin embargo, el equipo Global Fixed Income considera que los mercados de renta fija se encuentran actualmente ante dos posibles situaciones: los datos mejorarán según desciendan los riesgos geopolíticos o regresaremos a las preocupaciones por la guerra comercial y el deterioro de los fundamentales económicos.

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.

Insight Article • 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.

Slimmon's 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 • 08-nov-2019
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.

Insight Article • 07-nov-2019

El verdadero problema de la deuda con rentabilidades bajas

Jim Caron

La renta fija desempeña una función específica al gestionar el riesgo, pues tiende a ser un activo más seguro, más líquido y menos volátil. Pensamos que en gran parte es así, pero también que hay truco: Las estrategias de bonos tradicionales podrían resultar menos eficaces a la hora de proporcionar protección y también ofrecen menos potencial de revalorización que cuando las rentabilidades son más altas.

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Insight Article • 03-nov-2019
Nuestra fórmula para la resiliencia de los beneficios Laura Bottega En nuestra opinión, “la fórmula” para invertir con éxito pasa por dos elementos fundamentales: capacidad de fijar precios e ingresos recurrentes.

Global Equity Observer • 31-oct-2019
Analizando la capacidad de fijar precios William Lock, Dirk Hoffmann-Becking, Bruno Paulson ¿Por qué es importante la capacidad de fijar precios? El equipo International Equity explica por qué es un atributo clave de los compounders de calidad.

Insight Article • 25-oct-2019
Lecciones del Warren Buffett de 21 años Kristian Heugh, Marc Fox Invertir en compañías de alta calidad —al precio adecuado— puede incrementar el patrimonio de los inversores y proporcionar, al mismo tiempo, cierto nivel de tranquilidad en épocas de caídas en los mercados.

Slimmon's 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.

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