Perspectivas

Filtrar por
Checked Icon Unchecked Icon Hover Icon Todos los idiomas
Checked Icon Unchecked Icon Hover Icon Inglés
Checked Icon Unchecked Icon Hover Icon Español
+
Checked Icon Unchecked Icon Hover Icon Artículo
Checked Icon Unchecked Icon Hover Icon audio
Checked Icon Unchecked Icon Hover Icon Aparición en medios
Checked Icon Unchecked Icon Hover Icon Vídeo
Checked Icon Unchecked Icon Hover Icon Webinar
+
Checked Icon Unchecked Icon Hover Icon Inversiones alternativas
Checked Icon Unchecked Icon Hover Icon Renta variable
Checked Icon Unchecked Icon Hover Icon Renta fija
Checked Icon Unchecked Icon Hover Icon Multiactivos
Checked Icon Unchecked Icon Hover Icon 2022 Outlook
Checked Icon Unchecked Icon Hover Icon Caron's Corner
Checked Icon Unchecked Icon Hover Icon Consilient Observer
Checked Icon Unchecked Icon Hover Icon Convergence
Checked Icon Unchecked Icon Hover Icon EDGE
Checked Icon Unchecked Icon Hover Icon Engagement Report
Checked Icon Unchecked Icon Hover Icon Global Equity Observer
Checked Icon Unchecked Icon Hover Icon Global Fixed Income Bulletin
Checked Icon Unchecked Icon Hover Icon Global Multi-Asset Viewpoint
Checked Icon Unchecked Icon Hover Icon MSIM Institute
Checked Icon Unchecked Icon Hover Icon Market Pulse
Checked Icon Unchecked Icon Hover Icon PATH
Checked Icon Unchecked Icon Hover Icon Slimmon's TAKE
Checked Icon Unchecked Icon Hover Icon Market Alert
Checked Icon Unchecked Icon Hover Icon Takeaways & Key Expectations
Checked Icon Unchecked Icon Hover Icon Tales From the Emerging World
Checked Icon Unchecked Icon Hover Icon Resiliencia
Checked Icon Unchecked Icon Hover Icon Sustainable Investing
Checked Icon Unchecked Icon Hover Icon AIP Alternative Lending Group
Checked Icon Unchecked Icon Hover Icon AIP Hedge Fund Team
Checked Icon Unchecked Icon Hover Icon AIP Private Markets Team
Checked Icon Unchecked Icon Hover Icon Applied Equity Advisors Team
Checked Icon Unchecked Icon Hover Icon Counterpoint Global
Checked Icon Unchecked Icon Hover Icon Emerging Markets Equity Team
Checked Icon Unchecked Icon Hover Icon Fixed Income Managed Solutions
Checked Icon Unchecked Icon Hover Icon Global Balanced Risk Control Team
Checked Icon Unchecked Icon Hover Icon Global Fixed Income Team
Checked Icon Unchecked Icon Hover Icon Global Listed Real Assets Team
Checked Icon Unchecked Icon Hover Icon Global Multi-Asset Team
Checked Icon Unchecked Icon Hover Icon International Equity Team
Checked Icon Unchecked Icon Hover Icon Morgan Stanley Capital Partners
Checked Icon Unchecked Icon Hover Icon Morgan Stanley Infrastructure Partners
Checked Icon Unchecked Icon Hover Icon Morgan Stanley Next Level
Checked Icon Unchecked Icon Hover Icon Morgan Stanley Real Estate Investing
Checked Icon Unchecked Icon Hover Icon Portfolio Solutions Group
Checked Icon Unchecked Icon Hover Icon Todo
Checked Icon Unchecked Icon Hover Icon El último mes
Checked Icon Unchecked Icon Hover Icon El último cuarto
Checked Icon Unchecked Icon Hover Icon El año pasado
consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  27-ene-2022

Underestimating the Red Queen 

Michael Mauboussin, Dan Callahan
Organisms allocate energy between growth and maintenance and repair. They stop growing when maintenance requires all of the energy. Substitute capital for energy and companies appear to follow a similar trajectory. This is important because you can anticipate a company’s growth only if you understand how much capital it spends on growth versus maintenance. Most executives and investors likely underestimate maintenance spending. Steps toward better understanding include a proper assessment of maintenance capital expenditures and a separation of SG&A into investment and maintenance components.

insight-consilience-tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  26-ene-2022  •  9:11 Min

Fed Meeting: A Clear Lack of Clarity 

Jim Caron
Jim Caron, Portfolio Manager and Chief Fixed Income Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  24-ene-2022  •  13:41 Min

Shift F9: A Fed Policy Reset 

Jim Caron
Jim Caron, Portfolio Manager and Chief Fixed Income Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
2022-outlooks real-assets Real Assets page
2022 Outlook  •  20-ene-2022

Top Trends for Real Estate and REITs in 2022 and Beyond 

Laurel Durkay
The Global Listed Real Assets Team sees favorable macroeconomics and secular tailwinds favoring global real estate and REITs in 2022.

10145693_Top-Trends_Insight-Tile-1x1
 
2022-outlooks active-fundamental-equity Active Fundamental Equity video
2022 Outlook  •  18-ene-2022

The Search for Better Outcomes - Video 

Marte Borhaug
Whether looked at through the lens of economics, health, politics or sustainability, what outcomes might we see in the year ahead? Here more from the Marte Borhaug, Head of Sustainable Outcomes for the International Equity Team.

10150228-Marte-Borhaug-Insight-Tile-1x1
Insight thumbnail video icon
 
2022-outlooks active-fundamental-equity Active Fundamental Equity page
2022 Outlook  •  18-ene-2022

The Search for Better Outcomes  

Marte Borhaug
Companies faced with a changing world and seeking to deliver better sustainable outcomes must explore their surroundings and seek new information for survival. The International Equity team’s Marte Borhurg explores.

10143655_Search-for-Better_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

Carbon Risk, Human Capital Management to Impact Security Prices in 2022 

John Streur
Calvert Research and Management CEO John Streur expects actions by regulators, corporations and investors to increase the importance placed on ESG factors in investment decisions across global capital markets in 2022. For more, please read his full 2022 outlook.

10158509-Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

Unearthing opportunities in an altered landscape 

John Baur, Marshall Stocke
For every country like Turkey, where heterodox policy is cause for concern, Co-Directors of Emerging Markets Marshall Stocker and John Baur highlight the lesser known and overlooked EM success stories. For more, please read their full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

Forging Opportunities in a Changing High Yield Market 

Jeff Mueller, Steve Concannon
As demand from U.S. and global institutional investors provides potential support following episodes of weakness, Co-Directors of High Yield Jeff Mueller and Steve Concannon discuss potential buying opportunities available to long-term oriented investors. For more, please read their full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks solutions-and-multi-asset Solutions & Multi-Asset page
2022 Outlook  •  18-ene-2022

Rising rates key in shaping road to recovery 

Andrew Harmstone
Labor market and inflation dynamics are paving the way toward a tightening of monetary policy by the Fed. The Global Balanced Risk Control Team discusses where they see risks and opportunities and their latest tactical views.

10149495_Rising-rates_Insight-Tile-1x1
 
2022-outlooks solutions-and-multi-asset Solutions & Multi-Asset video
2022 Outlook  •  18-ene-2022

Rising rates key in shaping road to recovery - Video 

Andrew Harmstone
Labor market and inflation dynamics are paving the way toward a tightening of monetary policy by the Fed. The Global Balanced Risk Control Team discusses where they see risks and opportunities and their latest tactical views.

10150228-Andrew-Harmstone-Insight-Tile-1x1
Insight thumbnail video icon
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

As Municipal Bonds Remain an Attractive Diversifier, Counteract Absolute Low Rates with Active Management 

Nisha Patel
Director of Portfolio Management Nisha Patel believes the fragmented nature of the municipal bond market and the heavy influence of retail investors may result in inefficiencies that may be exploited to achieve additional return through active management and relative value trading. For more, please read her full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

Loans take center stage as inflation threat grows for 2022 

Ralph Hinckley, Andrew Sveen
In a year when concerns over tightened monetary policy rising rates and inflation periodically wracked the markets, Co-Director of Bank Loans explains why the asset class outperformed in 2021 and why he believes loans deserve consideration for helping conserve fixed‐income portfolios in rising rate environments. For more, please read his full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

2022 Global Equity Outlook Favors Quality Stocks, Non-U.S. Markets 

Chris Dyer, Ian Kirwan
Director of Global Equity Chris Dyer expects potentially solid economic growth across developed economies in 2022, albeit at a slower pace than the recovery‐driven levels seen in 2021. For more, please read his full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

Flexibility Will Be Key for U.S. Multisector Income 

Vishal Khanduja
Director of Investment Grade Fixed Income Portfolio Management and Trading Vishal Khanduja expects inflation to moderate from the most recent spike in 2021 as global supply disruptions and durable goods demand may continue to ease. For more, please read his full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

A Changing Rate Environment in 2022 Could Benefit Active MBS Investors 

Andrew Szczurowski
Director of Mortgage-Backed Securities Andrew Scczurowski believes that agency MBS investors could potentially outperform in a rising rate environment by moving up in coupon. For more, please read his full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  18-ene-2022

Stay Active to Capitalize on Municipal Bond Opportunities 

Cynthia Clemson, Craig Brandon
In the face of expected increases in tax rates and likely rate hikes from the U.S. Federal Reserve, Co-Directors of Municipal Investments Cindy Clemson and Craig Brandon believe that municipal bonds should remain an important and diversified component of a suitable investor’s portfolio. For more, please read their full 2022 outlook.

EV-Blog-Content_Insight-Tile-1x1
 
2022-outlooks fixed-income Fixed Income page
2022 Outlook  •  18-ene-2022

No Market Consensus Widens the Opportunity Set  

Jim Caron
Jim Caron, Portfolio Manager and Chief Fixed Income Strategist for the Global Fixed Incomed team, sees great potential for active – and selective – investors building fixed income portfolios in the upcoming year

10143106_No-Consensus_Insight-Tile-1x1
 
2022-outlooks fixed-income Fixed Income video
2022 Outlook  •  18-ene-2022

No Market Consensus Widens the Opportunity Set - Video 

Jim Caron
Jim Caron, Portfolio Manager and Chief Fixed Income Strategist for the Global Fixed Income team shares his thoughts on 2022.

10150228-Jim-Caron-Insight-Tile-1x1
Insight thumbnail video icon
 
2022-outlooks active-fundamental-equity Active Fundamental Equity page
2022 Outlook  •  17-ene-2022

Capturing Opportunity in Fast-Changing Emerging Markets 

Jitania Kandhari
EM equities are poised for a comeback in 2022 and beyond. Jitania Kandhari, Deputy CIO of the Solutions and Multi-Asset Group, Portfolio Manager for Active International Allocation, Head of Macro and Thematic Research for the Emerging Markets Equity team, shares five reasons why.

10150122_Capturing-Opportunity_Insight-Tile-1x1
 
2022-outlooks active-fundamental-equity Active Fundamental Equity video
2022 Outlook  •  17-ene-2022

Capturing Opportunity in Fast-Changing Emerging Markets - Video 

Jitania Kandhari
EM equities are poised for a comeback in 2022 and beyond. Jitania Kandhari, Deputy CIO of the Solutions and Multi-Asset Group, Portfolio Manager for Active International Allocation, Head of Macro and Thematic Research for the Emerging Markets Equity team, shares five reasons why.

10150228-Jitania-Kandhari-Insight-Tile-1x1_noplay
Insight thumbnail video icon
 
2022-outlooks solutions-and-multi-asset Solutions & Multi-Asset page
2022 Outlook  •  17-ene-2022

History Is Not To Be Ignored 

Andrew Slimmon
Andrew Slimmon looks at the history of post-recessionary environments and concludes that despite a less accommodative Fed, equity returns should be in positive territory again in 2022.

10151907_History_Insight-Tile-1x1
 
2022-outlooks solutions-and-multi-asset Solutions & Multi-Asset video
2022 Outlook  •  17-ene-2022

History Is Not To Be Ignored - Video 

Andrew Slimmon
Andrew Slimmon, Senior Portfolio Manager and Head of the Applied Equity Advisors team for the shares his thoughts on 2022.

10150228-Andrew-Slimmon-Insight-Tile-1x1
Insight thumbnail video icon
 
global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  15-ene-2022

Déjà vu? No, 2022 Will Not Look Like 2021 

Global Fixed Income Team
How impactful will Omicron be? How much should markets fear the Fed? Will inflation slow? The Global Fixed Income Team examine the prevailing market dynamics.

10154503_GFI-Bulletin_Insight-Tile-1x1
 
2022-outlooks real-assets Real Assets page
2022 Outlook  •  14-ene-2022

2022 Global Real Estate Outlook Late-Cycle Investing Philosophy Comes Early 

Morgan Stanley Real Estate Investing
2021 swift economic recovery has propelled the global economy to the mid-phase of a typical economic cycle. With GDP growth expected to moderate, and monetary policy to tighten, Morgan Stanley Real Estate Investing examine what the new phase may mean for the asset class.

10133176_Late-Cycle-Investing_Insight-Tile-1x1
 
2022-outlooks solutions-and-multi-asset Solutions & Multi-Asset page
2022 Outlook  •  13-ene-2022

Hedge Funds in 2022: Changing With Changing Risk 

Mark van der Zwan
Our AIP Hedge Fund Solutions team examines the changing nature of risk that we can expect to see in 2022. Rising volatility and performance dispersion creates an opportunity for hedge fund managers in the new year.

10143050_Hedge-Funds-in-2022_Insight-Tile-1x1
 
2022-outlooks page
2022 Outlook  •  12-ene-2022

Seizing Opportunity With Value Equity in 2022 

The Eaton Vance Value Equity Team makes the case for Value investing in 2022.

10145896_Seizing-Opportunity_Insight-Tile-1x1
 
path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  12-ene-2022

Tres circunstancias y un repunte 

Andrew Harmstone, Manfred Hui
Al inicio de 2022, con la variante ómicron extendiéndose, la Reserva Federal en modo hawkish y los inconvenientes a los que se enfrenta el proyecto de ley Build Back Better de Biden, esperamos que la renta variable siga superando a la renta fija y obtenga rentabilidades moderadas dadas las saludables perspectivas de crecimiento.

GBaR-Media-Tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  10-ene-2022  •  12:51 Min

Why the Fed’s Balance Sheet May Matter More than Rate Hikes 

Jim Caron
Jim Caron, Portfolio Manager and Chief Fixed Income Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
2022-outlooks fixed-income Fixed Income page
2022 Outlook  •  05-ene-2022

Corporate Performance to Support Credit Spreads  

Global Fixed Income Team
The Global Fixed Income Team shares it views on the credit market in the upcoming year.

10143621_Corporate-Performance_Insight-Tile-1x1
 
sustainable-investing private-credit-and-equity Private Credit & Equity page
Sustainable Investing  •  04-ene-2022

Push and Pull Factors Drive the Evolution of Sustainable Investing in Private Markets 

Vikram Raju, Navindu Katugampola, Alice Vilma
The importance of sustainability continues to increase in the private markets. Here we examine the factors, such as government legislation and client preferences, that are driving the change and evolution towards better sustainable investing practices.

10140962_Push-and-Pull_Insight-Tile-1x1
 
global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  30-dic-2021

To the Moon? Inversión en calidad y Blockchain 

Alex Gabriele
La tecnología blockchain no solo es la base de las criptomonedas, sino que además ofrece el potencial de modificar dinámicas existentes en el sector y alentar la cooperación entre competidores naturales, con el consiguiente aumento de la eficiencia y la calidad. Alex Gabriele, del equipo International Equity, lo explica.

10130798_To-the-Moon_Insight-Tile-1x1
 
edge active-fundamental-equity Active Fundamental Equity page
EDGE  •  26-dic-2021

Drones 

Counterpoint Global
After decades of development in garages and hobby shops, small drones are finally ready to make an impact in the enterprise. We discuss the evolution of enterprise drones and how the technology could disrupt small package delivery and aerial data collection. We also discuss the regulatory and societal challenges facing the enterprise drone industry today and highlight recent progress towards overcoming those challenges.

10136491_Drones_Insight-Tile-2x2
 
takeaways-key-expectations solutions-and-multi-asset Solutions & Multi-Asset page
Takeaways & Key Expectations  •  22-dic-2021

Equity Market Commentary - December 2021 

Andrew Slimmon
In his December TAKE Andrew Slimmon suspects that the Bulls will outshine the Bears yet again in 2022.

tile-1x1-slimmons-take
 
global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  15-dic-2021

Y el ritmo continúa...  

Global Fixed Income Team
La incertidumbre en torno a la variante ómicron, en combinación con unos bancos centrales restrictivos, ha dado un vuelco a los mercados de crédito y de renta variable. ¿De qué manera incidirá esto en el nexo entre crecimiento e inflación?

10140834_GFI-Bulletin_Insight-Tile-1x1
 
solutions-and-multi-asset Solutions & Multi-Asset page
Insight Article  •  14-dic-2021

How Alternative Risk Premia Can Hedge Equity Risk When Bonds Cannot: The ARP Hedge Edge 

Patrick Reid, Eban Cucinotta
The AIP Hedge Fund Solutions team examines the advantages of using certain alternative risk premia (ARP) to fill the role of bonds in a diversified portfolio without the need to take long-duration risk in a market environment that will likely see increased inflation and tighter Fed monetary policy in the near future.

10118593_Alternative-Risk-Premia_Insight-Tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  13-dic-2021  •  10:34 Min

Yield Trap? Why U.S. Bond Yields May Struggle to Rise 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  10-dic-2021

El giro restrictivo de la Reserva Federal: la inflación ya no es "transitoria" 

Andrew Harmstone, Manfred Hui
La fuerza con la que cayeron los mercados en respuesta a la variante Ómicron en noviembre y el aumento de la incertidumbre sobre cómo de restrictivo será el tapering de la Fed sugieren mantener una exposición cauta a riesgo. Conozca cómo estamos respondiendo a la evolución de los tipos, los problemas de suministro, los precios de la energía y otros factores.

GBaR-Media-Tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  06-dic-2021  •  13:29 Min

Can You Handle the Truth? What the Yield Curve Is Telling Us. 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
active-fundamental-equity Active Fundamental Equity video
Insight Video  •  06-dic-2021  •  2:19 Min

Health of the economy and our portfolios 

Bruno Paulson
The International Equity Team’s Bruno Paulson discusses how the team positions its global portfolios to achieve concentrated exposure to long-term compounders, no matter macroeconomic conditions.

10090993-Bruno-Video1-_Web_Tile_1x1
Insight thumbnail video icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  29-nov-2021  •  11:50 Min

Once More Unto the Breach. . .but Looking for Opportunities Amid Volatility 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  24-nov-2021

Problemas de suministro  

Nathan Wong
Está sucediendo algo inusual: las revisiones a la baja de las previsiones de beneficios de las compañías responden a una falta de suministro más que a una caída inesperada de la demanda. Dada esta situación, la capacidad de fijación de precios es clave para los márgenes de beneficios, como nos explica el equipo International Equity.

10121896_Supply-Chain-Squeeze_Insight-Tile-1x1
 
fixed-income Fixed Income page
Insight Article  •  15-nov-2021

Credit Markets Brace for Inflation: Winners vs. Losers 

Global Fixed Income Team
With U.S. inflation accelerating to its highest rate in a decade, the U.S. Investment Grade Research Team provides a detailed snapshot on the effects the surrounding uncertainty is having on fixed income sectors.

10117898_Credit-Markets-Brace-for-Inflation_Insight-Tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  15-nov-2021  •  12:47 Min

2022: A Year Ahead Without a Consensus  

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  15-nov-2021

¿Es exagerada la preocupación en torno a la política monetaria? 

Global Fixed Income Team
Si bien la normalización ha comenzado, explicamos por qué los principales bancos centrales posiblemente ajusten su política de forma más pausada a lo previsto y por qué el camino hacia una política más restrictiva será "largo y sinuoso".

10126451_Monetary-Policy_Insight-Tile-1x1
 
path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  10-nov-2021

¿Los vientos están cambiando de rumbo? 

Andrew Harmstone, Manfred Hui
Al recuperarse los mercados en octubre y caer la volatilidad en el mercado , incrementamos la exposición a renta variable, prestando atención al mismo tiempo al encarecimiento de la energía, la retirada paulatina de los estímulos por parte de los bancos centrales y los riesgos inmobiliarios de China. Descubra por qué consideramos que los vientos podrían estar cambiando de rumbo en los mercados.

GBaR-Media-Tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  08-nov-2021  •  12:45 Min

Market Disconnect? Bond Yields Face-Off Against Inflation Risks 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
takeaways-key-expectations solutions-and-multi-asset Solutions & Multi-Asset page
Takeaways & Key Expectations  •  08-nov-2021

Equity Market Commentary - November 2021 

Andrew Slimmon
In his November TAKE, Andrew Slimmon details why it’s entirely logical the S&P 500 has done so well this year. And the market is following one of the most simplistic rules of investing.

tile-1x1-slimmons-take
 
sustainable-investing active-fundamental-equity Active Fundamental Equity video
Sustainable Investing  •  03-nov-2021  •  2:42 Min

Sustainable investing and how it impacts corporations and investment managers 

Bruno Paulson
Bruno Paulson discusses how the increase in sustainable investing regulations is impacting corporations and investment managers.

10090993-Bruno-Video1-_Web_Tile_1x1
Insight thumbnail video icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  03-nov-2021  •  10:35 Min

FOMC Recap: Policy Optionality Matters - No Rush to Hike Rates  

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  01-nov-2021  •  12:50 Min

Trouble with the (Yield) Curve? No. Financial Conditions Still Easy 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-multi-asset-viewpoint solutions-and-multi-asset Solutions & Multi-Asset page
Global Multi-Asset Viewpoint  •  31-oct-2021

Evergrande: What If The Cavalry Never Comes? 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Evergrande: What If The Cavalry Never Comes?"

insight-tile-GMA-Viewpoint
 
sustainable-investing private-credit-and-equity Private Credit & Equity page
Sustainable Investing  •  27-oct-2021

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.

Debunking-Climate-Polar-bear-Tile
 
sustainable-investing active-fundamental-equity Active Fundamental Equity video
Sustainable Investing  •  26-oct-2021

Global Sustain – Inversión en calidad y bajo en carbono 

International Equity Team
Conozca en 60 segundos la cartera global de renta variable baja en emisiones de dióxido de carbono que es resiliente en épocas de volatilidad y está alineada con sus prioridades, y cuya gestión está en manos de gestores capaces de implicarse directamente con las compañías.

10115575_Low Carbon Video_Web_Tile_1x1
Insight thumbnail video icon
 
sustainable-investing active-fundamental-equity Active Fundamental Equity page
Sustainable Investing  •  26-oct-2021

Decarbonisation: The Inevitable Policy Response 

Vladimir Demine, Candida de Sliva
In the second paper of their decarbonisation series, the International Equity team focuses on what the UN Principles for Responsible Investing refer to as the ‘inevitable policy response’ to global warming and asks: why does this matter for investors?

1094864_Decarbonisation_Email-Tile
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  25-oct-2021  •  17:00 Min

A Bearish View on the U.S. Dollar and its Impact on the Market 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  25-oct-2021

Sin margen de error 

Bruno Paulson
Frente a una perspectiva macroeconómica relativamente positiva, existe la posibilidad de presiones significativas en costes durante la próxima década, donde el poder de fijación de precios será la clave para que las empresas de calidad protejan los márgenes. El equipo International Equity lo analiza.

10101608_No-margin-for-error_Email-Tile
 
sustainable-investing engagement-report active-fundamental-equity Active Fundamental Equity page
Engagement Report  •  25-oct-2021

Engage OTOÑO 2021 

Vladimir Demine
Nueva edición de Engage, las últimas noticias que el equipo International Equity ofrece cada semestre sobre su actividad de implicación en cuestiones ESG.

10097003_Insight-Tile-1x1
 
sustainable-investing msim-institute page
MSIM Institute  •  21-oct-2021

Navigating Evolving Opportunities in Sustainable Investing 

John Streur, Emily Chew, Navindu Katugampola
Investor-useful ESG research and the availability of comparable, timely and transparent sustainability data is becoming increasingly important in a space that is fast growing, where definitions continue to be somewhat flexible or not yet defined by regulators.

10101994-Insight-Tile-1x1-Media
 
msim-institute fixed-income Fixed Income page
MSIM Institute  •  20-oct-2021

How to Generate Returns in Today's Fixed-Income Markets 

Jack Cimarosa
Yields are at all-time lows, but relative value opportunities remain on an idiosyncratic and subsector basis, such as in select areas of high yield, collateralized loan obligations and local-currency emerging markets debt.

10101994-Insight-Tile-1x1-Media
 
msim-institute active-fundamental-equity Active Fundamental Equity page
MSIM Institute  •  19-oct-2021

What's next in China? 

Leon Sun, Chin Chou, Samantha Schoen
China’s government is trying to tackle many important issues that are vexing countries around the world. For the next five years, we see the government seeking to achieve so-called high-quality growth instead of just high growth of the economy.

10101994-Insight-Tile-1x1-Media
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  18-oct-2021  •  12:33 Min

Take it or Leave it: Global Central Banks Are Split on How to Handle Inflation 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  15-oct-2021

Who Let the Hawks Out? 

Global Fixed Income Team
With inflationary pressures stronger and central banks less dovish, we expect government bond yields to drift higher as we move towards tighter monetary policy.

10105940_Who-Let-the-Hawks-Out_Insight-Tile-1x1
 
sustainable-investing fixed-income Fixed Income page
Sustainable Investing  •  13-oct-2021

Global Fixed Income 2021 Engagement Report 

Barbara Calvi
In its inaugural Engagement Report, the Global Fixed Income Team provides insights on how they are engaging with companies, governments and other organisations on Environmental, Social and Governance (ESG) issues. 

10090984_Fixed-income_Insight-Tile-1x1
 
path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  08-oct-2021

¿Llega el invierno? 

Andrew Harmstone, Manfred Hui
Se acerca el invierno y el crecimiento se está ralentizando, pero sigue gozando de buena salud. Con las valoraciones de las acciones en niveles elevados, hemos reducido el riesgo, pues observamos un potencial alcista limitado y frágil que se aleja del riesgo. Al tiempo, buscamos oportunidades para aprovechar cualquier debilidad excesiva.

GBaR-Media-Tile-1x1
 
consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  06-oct-2021

Categorizing for Clarity: Cash Flow Statement Adjustments to Improve Insight 

Michael Mauboussin, Dan Callahan
Accounting has not kept pace with the changing economics of businesses, which has created a huge gap between what companies report in their financial statements and what an investor needs to understand a business. To better categorize activities, we suggest making adjustments within the statement of cash flows pertaining to stock-based compensation, leases, and intangible investments. We believe these adjustments substantially improve the description of a business. We share a case study of Amazon for 2020 to make the concepts more concrete.

insight-consilience-tile-1x1
 
sustainable-investing solutions-and-multi-asset Solutions & Multi-Asset page
Sustainable Investing  •  05-oct-2021

Transición climática 

Andrew Harmstone, Li Zhang, Christian Goldsmith
Dada la magnitud cada vez más disruptiva de los acontecimientos climáticos, lograr unas emisiones de carbono netas de cero promete ser uno de los temas que dictarán el rumbo de los mercados de inversiones en las próximas décadas. Analizamos respuestas, riesgos y oportunidades por países y sectores.

10093280_Climate-Transition_Media-Tile-1x1
 
page
Insight Article  •  05-oct-2021

For Gender Equality in Asset Management 

Seema Hingorani
Morgan Stanley Investment Management’s Seema Hingorani was recently presented with France’s highest honor for her work in the diversity and inclusion space. This article discusses her endeavor to address the gender gap in asset management and the critical importance of diversity.

10102565-Insight-Tile-1x1
 
global-multi-asset-viewpoint solutions-and-multi-asset Solutions & Multi-Asset page
Global Multi-Asset Viewpoint  •  04-oct-2021

What Is The Bond Market Thinking? 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “What Is The Bond Market Thinking?"

insight-tile-GMA-Viewpoint
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  04-oct-2021  •  13:38 Min

Stagflation? No! But Watch the Dollar. 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-multi-asset-viewpoint solutions-and-multi-asset Solutions & Multi-Asset page
Global Multi-Asset Viewpoint  •  30-sep-2021

Why the U.S. Housing Boom Can Continue 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Why the U.S. Housing Boom Can Continue"

insight-tile-GMA-Viewpoint
 
active-fundamental-equity Active Fundamental Equity video
Insight Video  •  29-sep-2021  •  1:44 Min

Long-term impact of the pandemic 

Bruno Paulson
Bruno Paulson discusses what he believes may be the long-term impact of the pandemic.

10090993-Bruno-Video1-_Web_Tile_1x1
Insight thumbnail video icon
 
sustainable-investing convergence active-fundamental-equity Active Fundamental Equity page
Convergence  •  29-sep-2021

Beyond Virtue Signaling: Financial Materiality of Carbon Emissions 

Counterpoint Global
Sustainability Research at Counterpoint Global has produced a method to systematically measure the potential cost of carbon emissions as well as the financial impact of a carbon tax. Our framework allows us to translate these costs into estimates of stock returns. We believe that measuring the cost of carbon emissions allows us to better understand the environmental risks for the companies in our portfolio as well as for those we do not own. We also seek to help our clients benefit from the many opportunities that a low-emissions world could create.

10050066 Convergence-Carbon Thesis-Assets_Insight-Tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  27-sep-2021  •  9:16 Min

Why U.S. Bond Yields Are Rising – and How High They May Go 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  22-sep-2021  •  11:14 Min

FOMC Recap: Hawkish Dot-plot, but Dovish Presser  

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  20-sep-2021  •  8:25 Min

Ambiguity, not Volatility, Is the Primary Market Risk Currently – How Will the Fed React? 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  15-sep-2021

Atravesando picos 

Global Fixed Income Team
Los inversores debaten sobre máximos de crecimiento económico, COVID-19 e inflación. Quizá sea útil centrarse en lo que sabemos con certeza en vez de por intuición.

10091077_GFI-Bulletin_Insight-Tile-1x1
 
global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  14-sep-2021

Avanza el calentamiento 

Laura Bottega
Un verano de incendios e inundaciones ha enfatizado el efecto exponencial del calentamiento global, presentando a las compañías una amplia gama de riesgos y oportunidades. Laura Bottega explica cómo estos factores ESG ayudan a construir nuestras carteras.

10084219_GEO-Advance-Warming_Insight-Tile-1x1
 
market-alert solutions-and-multi-asset Solutions & Multi-Asset audio
Market Alert  •  14-sep-2021  •  06:19 Min

Surprise: 2021 Fundamentals Often Have Exceeded Stock Price Performances 

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.

Audio-Page-Tile
Insight thumbnail audio icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  13-sep-2021  •  09:20 Min

The Payfors of Taxes, Debt and Inflation May Create a Noisy September 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
takeaways-key-expectations solutions-and-multi-asset Solutions & Multi-Asset page
Takeaways & Key Expectations  •  10-sep-2021

Equity Market Commentary - Sept 2021 

Andrew Slimmon
In his September TAKE, Andrew Slimmon discusses, region by region, where he and his Applied Equity Advisors team see the best equity opportunities and how their portfolios are positioned.

tile-1x1-slimmons-take
 
path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  08-sep-2021

Jackson Hole: el tono moderado de la Reserva Federal tranquiliza a los mercados 

Andrew Harmstone, Manfred Hui
La Reserva Federal parece mostrarse demasiado moderada, en vista de la solidez y el crecimiento de la economía. Descubra por qué pensamos que las altas valoraciones, los crecientes riesgos regulatorios a escala global y la posibilidad de que la Reserva Federal esté cometiendo un error de política llaman a la cautela.

GBaR-Media-Tile-1x1
 
consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  08-sep-2021

Turn and Face the Strange 

Michael Mauboussin, Dan Callahan
This report examines the barriers to change for organizations. We use sports as the prime example but then apply the lessons to investment management. Organizations can be slow to adopt certain approaches even when they add value due to loss aversion, a preference for the status quo, and the fear of poor outcomes in the short run. Organizations may overcome these challenges by aligning behind a commitment to improvement, learning, transparency, and accountability. Good long-term results require developing and executing strategies that add value.

insight-consilience-tile-1x1
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  07-sep-2021  •  11:01 Min

The Four Corners of Risk – And Why Yields Can Rise 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-multi-asset-viewpoint solutions-and-multi-asset Solutions & Multi-Asset page
Global Multi-Asset Viewpoint  •  31-ago-2021

Inflation Outlook – One Year Later 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Inflation Outlook – One Year Later"

insight-tile-GMA-Viewpoint
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  30-ago-2021  •  8:10 Min

Still on Easy Street – But What Are the Risks? 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
carons-corner fixed-income Fixed Income audio
Caron's Corner  •  23-ago-2021

The Impact of a Shift From Reflation to Recovery 

Jim Caron
Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

caronscorner-Insight-Tile-1x1
Insight thumbnail audio icon
 
global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  23-ago-2021

Global Equity Observer: A Collection of Quality Insights – Volume 1 

William Lock
This May, the International Equity team celebrated the publication of our 50th Global Equity Observer (GEO) – our monthly series of investment insights through the lens of our high quality investment approach. We are delighted to share with you this selection of articles from our GEO series.

geo-vol1-Insight-Tile-1x1
 
global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  19-ago-2021

¿Qué está pasando? 

Global Fixed Income Team
Al analizar el comportamiento de los bonos del Tesoro estadounidense (y otros mercados de deuda pública de economías desarrolladas), a uno le perdonarían si creyera que la economía se está hundiendo. Los precios de otros activos financieros están enviando un mensaje de que todo está bien. ¿Qué sucede? El equipo Global Fixed Income lo analiza.

10075552_GFI-Bulletin_Media-Tile-1x1
 
global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  13-ago-2021

Retorno a lo básico  

William Lock, Alistair Corden-Lloyd
En un mundo de parloteo diario sobre cuestiones financieras, es fácil distraerse de los factores que determinan los elementos clave para las rentabilidades a largo plazo: el poder del compounding. William Lock y Alistair Corden-Lloyd nos explican sus puntos de vista en este sentido.

10067355_Back-to-Basics_Insight-Tile-1x1
 
tales-from-the-emerging-world active-fundamental-equity Active Fundamental Equity page
Tales From the Emerging World  •  10-ago-2021

The Electric Summer of ’91: India’s Hopes Then and Now 

Ruchir Sharma
India needs to keep in mind is that its economy is still relatively unfree, and so more than ever it should buck the global trend of more regulation and bigger government. Ruchir Sharma, Chief Global Strategist, explains.

10070981-Insight-Tile-1x1
 
solutions-and-multi-asset Solutions & Multi-Asset page
Insight Article  •  09-ago-2021

Alternative Lending Through the Cycle 

Kenneth Michlitsch
As fintech alternative lending grew into a new asset class, investors wondered how these loans might perform in an economic downturn. We've now seen their fundamental resilience.

10042957_Alternative-Lending_Insight-Tile-1x1
 
path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  05-ago-2021

¿Está la baja emisión del gobierno estadounidense deprimiendo las rentabilidades del bono a 10 años del Tesoro? 

Andrew Harmstone, Manfred Hui
Muchos consideran contradictorio que la rentabilidad del bono estadounidense a 10 años siga bajando. Analizamos los factores causantes de esta situación y qué podría revertirla.

GBaR-Media-Tile-1x1
 
consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  03-ago-2021