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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  6 déc. 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.

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Insight Video  •  6 déc. 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.

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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.

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Global Equity Observer  •  24 nov. 2021

Tension sur les chaînes d'approvisionnement  

Nathan Wong
Un phénomène inhabituel est en train de se produire : les entreprises émettent des avertissements sur bénéfices en raison d’un manque d'offre, et non pas d’une baisse inattendue de la demande. Comme l'explique l'équipe actions internationales, dans cet environnement, le pouvoir de fixation des prix est vital pour les marges bénéficiaires.

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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.

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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.

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Global Fixed Income Bulletin  •  15 nov. 2021

Is Monetary Policy Angst Overdone? 

Global Fixed Income Team
While policy normalization has begun, learn why we believe major central banks will likely take a more leisurely approach to policy adjustments than the market expects and why we feel it will be a ‘long and winding road’ to tighter monetary policy.

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path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  10 nov. 2021

Les vents tourneraient-ils ? 

Andrew Harmstone, Manfred Hui
Face au rebond des marchés et à la baisse de volatilité, nous avons accru notre exposition aux actions en surveillant les matières premières, le « tapering », et les risques immobiliers en Chine. Découvrez pourquoi nous pensons que les vents tournent sur les marchés.

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Caron's Corner  •  8 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.

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Takeaways & Key Expectations  •  8 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.

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Sustainable Investing  •  3 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.

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Caron's Corner  •  3 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.

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Caron's Corner  •  1 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.

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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?"

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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.

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sustainable-investing active-fundamental-equity Active Fundamental Equity video
Sustainable Investing  •  26 oct. 2021

Global Sustain – Axé sur la qualité, faible en carbone 

International Equity Team
En 60 secondes, découvrez le portefeuille d’actions internationales avec une faible empreinte carbone, résistant à la volatilité, conforme à vos priorités et géré par des gérants en capacité d’interagir directement avec les entreprises.

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sustainable-investing active-fundamental-equity Active Fundamental Equity page
Sustainable Investing  •  26 oct. 2021

Décarbonation : Le Changement de Politique Inévitable 

Vladimir Demine, Candida de Sliva
Dans le deuxième article de sa série sur la décarbonation, l’équipe Actions Internationales se penche sur ce que les Principes pour l’investissement responsable des Nations unies qualifient de « changement de politique inévitable » face au réchauffement climatique et s’interroge sur l’importance que cela revêt pour les investisseurs.

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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.

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Global Equity Observer  •  25 oct. 2021

Aucun droit à l’erreur 

Bruno Paulson
Alors que les perspectives macroéconomiques sont relativement positives, les pressions sur les coûts pourraient augmenter de manière significative au cours de la prochaine décennie. Le pouvoir de fixation des prix sera alors déterminant pour la préservation des marges des entreprises de qualité. Notre équipe Actions internationales se penche sur la question.

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sustainable-investing engagement-report active-fundamental-equity Active Fundamental Equity page
Engagement Report  •  25 oct. 2021

Engage Automne 2021  

Vladimir Demine
Dernier numéro d’Engage, la revue semi-annuelle de l'équipe Actions internationales sur son activité d’engagement sur l'ESG.

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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.

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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.

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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.

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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.

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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.

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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. 

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path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  8 oct. 2021

L'hiver arrive? 

Andrew Harmstone, Manfred Hui
L’hiver arrive et la croissance ralentit, mais elle reste soutenue. Étant donné le niveau élevé des valorisations des actions, nous avons réduit notre niveau de risque dans la mesure où le potentiel de hausse nous semble limité et le sentiment de marché fragile et averse au risque. Parallèlement, nous surveillons les opportunités qui pourraient se présenter pour tirer parti de toute faiblesse excessive.

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Consilient Observer  •  6 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.

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sustainable-investing solutions-and-multi-asset Solutions & Multi-Asset page
Sustainable Investing  •  5 oct. 2021

Transition climatique 

Andrew Harmstone, Li Zhang, Christian Goldsmith
Compte tenu de la puissance de plus en plus dévastatrice des événements climatiques, atteindre des émissions de carbone « nettes zéro » d'ici 2050 promet d'être l'un des grands thèmes qui dominera les marchés financiers au cours des prochaines décennies. Nous analysons les réactions, les risques et les opportunités par pays et par secteur.

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Insight Article  •  5 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.

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Global Multi-Asset Viewpoint  •  4 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?"

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Caron's Corner  •  4 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.

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Global Multi-Asset Viewpoint  •  30 sept. 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"

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active-fundamental-equity Active Fundamental Equity page
Insight Article  •  30 sept. 2021

The Search for Income: Income the Right Way 

Richard Perrott, Bruno Paulson
How can investors access reliable income in the current market environment? The International Equity Team explores.

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Insight Video  •  29 sept. 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.

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sustainable-investing convergence active-fundamental-equity Active Fundamental Equity page
Convergence  •  29 sept. 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.

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Caron's Corner  •  27 sept. 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.

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Caron's Corner  •  22 sept. 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.

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Caron's Corner  •  20 sept. 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.

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Global Fixed Income Bulletin  •  15 sept. 2021

Traversing Peaks 

Global Fixed Income Team
With investors debating when economic growth, Covid and inflation will peak, it may be useful to focus on what we know with certainty rather than sentiment.

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global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  14 sept. 2021

Advance Warming 

Laura Bottega
Cet été, marqué par de nombreux incendies et inondations, a mis en évidence les effets cumulés du réchauffement climatique, source de nombreux risques mais aussi d’opportunités pour les entreprises. Laura Bottega explique comment ces facteurs ESG contribuent à façonner nos portefeuilles.

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Market Alert  •  14 sept. 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.

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Caron's Corner  •  13 sept. 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.

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Takeaways & Key Expectations  •  10 sept. 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.

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path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  8 sept. 2021

Jackson Hole : Une Fed accommodante rassure les marchés 

Andrew Harmstone, Manfred Hui
La Réserve fédérale américaine semble excessivement accommodante, compte tenu de la vigueur et de la croissance de l’économie. Découvrez pourquoi les valorisations élevées, la multiplication des risques réglementaires au niveau mondial et la possibilité que la Fed commette une erreur de politique sont autant d’éléments qui nous incitent à la prudence.

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consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  8 sept. 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.

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Caron's Corner  •  7 sept. 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.

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Global Multi-Asset Viewpoint  •  31 août 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"

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Caron's Corner  •  30 août 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.

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Caron's Corner  •  23 août 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.

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Global Equity Observer  •  23 août 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.

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Global Fixed Income Bulletin  •  19 août 2021

What's Going On?  

Global Fixed Income Team
Looking at the performance of U.S. Treasuries (and other developed government bond markets), one could be forgiven if one believed the economy was sinking. Other financial asset prices are sending a message that all is well. What gives? The Global Fixed Income Team explores.

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global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  13 août 2021

Retour aux fondamentaux  

William Lock, Alistair Corden-Lloyd
Dans un monde de bavardages financiers incessants, il est facile de perdre de vue le principal déterminant des rendements à long terme : la puissance de la capitalisation. Explication par William Lock et Alistair Corden-Lloyd.

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tales-from-the-emerging-world active-fundamental-equity Active Fundamental Equity page
Tales From the Emerging World  •  10 août 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 and Head of Emerging Markets, explains.

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solutions-and-multi-asset Solutions & Multi-Asset page
Insight Article  •  9 août 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.

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path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  5 août 2021

Le faible volume d'émissions souveraines américaines pèse-t-il sur les rendements à 10 ans ? 

Andrew Harmstone, Manfred Hui
La baisse continue du rendement des bons du Trésor américain à 10 ans semble paradoxale pour de nombreux participants du marché. Nous passons en revue les facteurs, susceptibles de contribuer à cette évolution et ceux qui pourraient l’inverser.

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consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  3 août 2021

Everything Is a DCF Model 

Michael Mauboussin, Dan Callahan
We suggest the mantra “everything is a DCF model.” Whenever investors value a stake in a cash-generating asset, they should recognize they are using a discounted cash flow (DCF) model. The topic deserves attention because many market participants don’t think DCF models are relevant, and many use heuristics for value without recognizing the purpose and limitations of the shorthands. The intrinsic value, determined by the present value of future cash flows, attracts the price like a magnetic force. This means it is useful for investors to keep in mind the value drivers of a discounted cash flow model.

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Caron's Corner  •  2 août 2021  •  11:45 Min

Money Never Sleeps. . .but Bond Yields Do 

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.

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private-credit-and-equity Private Credit & Equity page
Investment Focus  •  31 juil. 2021

Where to Next: A Framework for Resilience 

AIP Private Markets Team
The AIP Private Markets team explains their framework for selecting companeis and constructing a portfolio that seeks to withstand changes in the economic cycle.

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private-credit-and-equity Private Credit & Equity page
Insight Article  •  31 juil. 2021

Increasing Duration Opens Up New Realms for the Private Equity Secondaries Market 

AIP Private Markets Team
The AIP Private Markets Secondaries team explores possible solutions to check or reverse the upward trend in duration and allay investors' concerns about increasing their allocation to private equity.

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solutions-and-multi-asset Solutions & Multi-Asset page
Insight Article  •  29 juil. 2021

Hedge Fund "FOMO"— Looking Beyond Benchmarks  

Patrick Reid, Eban Cucinotta, Brian McGrath
Relying on benchmarks to evaluate your hedge funds’ performance can be misleading. We recommend incorporating complementary monitoring tools.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  26 juil. 2021  •  8:51 Min

Why Bond Yields Are Low – Technicals vs. Fundamentals 

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.

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global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  23 juil. 2021

La Qualité dans le « meilleur des mondes » 

Bruno Paulson
L'équipe Actions internationales considère que les arguments en faveur des « capitalisateurs de qualité » sont toujours d’actualité dans ce « Meilleur des Mondes » dominé par la reflation et l'inflation. Bruno Paulson commente.

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tales-from-the-emerging-world active-fundamental-equity Active Fundamental Equity page
Tales From the Emerging World  •  20 juil. 2021

Whither the Bubblets of 2021? 

Ruchir Sharma
As worry spreads about the rise and fall of market bubbles, questions are asked about whether these price moves count as “bubbles,” poised to pop. Ruchir Sharma, Chief Global Strategist and Head of Emerging Markets, looks at history for the answer.

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sustainable-investing real-assets Real Assets page
Sustainable Investing  •  19 juil. 2021

Climate-Related Risk Data for Real Assets: A Framework for Assessment  

Mona Benisi
A new framework for assessing climate risk data may help real estate investors evaluate risks.

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Caron's Corner  •  19 juil. 2021  •  9:49 Min

Pricing the Trough After the Peak - but the Level Matters 

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.

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Global Fixed Income Bulletin  •  16 juil. 2021

Where Is All the Yield Going? 

Global Fixed Income Team
Yields continuing to fall, credit spreads tightening and equities rallying despite bearish news. The Global Fixed Income team discuss an extraordinary June.

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takeaways-key-expectations solutions-and-multi-asset Solutions & Multi-Asset page
Takeaways & Key Expectations  •  14 juil. 2021

Equity Market Commentary - July 2021 

Andrew Slimmon
In his July TAKE, Andrew Slimmon shares his thoughts on the latest equity selloff in China and where he and his Applied Equity Advisors team stand with respect to the longer term investment prospects.

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market-pulse solutions-and-multi-asset Solutions & Multi-Asset page
Market Pulse  •  13 juil. 2021

Beyond Diversification: The Case for Active Multi-Asset Funds 

Andrew Harmstone, Manfred Hui
There are two keys to managing a multi-asset portfolio successfully: One, a manager must be truly active, and two, they must manage to a volatility target, not a benchmark. The Global Balanced Risk Control team discusses.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  12 juil. 2021  •  10:32 Min

Reflation and Reverse Repos: Following the Money 

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.

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sustainable-investing engagement-report active-fundamental-equity Active Fundamental Equity page
Engagement Report  •  7 juil. 2021

Tapping the power of ESG in emerging markets 

Vishal Gupta, Steve Sun, Arun Kapoor
Learn how the Emerging Markets Leaders Strategy team have actively engaged with invested companies to seek out value by promoting enhanced ESG practices.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  6 juil. 2021  •  7:07 Min

Bond Yields Are Falling Despite Stronger Data: What’s Going On? 

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.

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path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  5 juil. 2021

La Fed surprend par son virage offensif, mais les marchés restent sereins 

Andrew Harmstone, Manfred Hui
La Fed a surpris en laissant entrevoir deux hausses des taux en 2023. Mais, les marchés sont restés calmes et le S&P s’est hissé à un niveau record. Toutefois, sous l’effet de facteurs négatifs à plus long terme, les fondamentaux, les valorisations et le sentiment indiquent tous la possibilité d’une volatilité accrue.

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resilience solutions-and-multi-asset Solutions & Multi-Asset page
Resilience  •  30 juin 2021

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.

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market-pulse fixed-income Fixed Income page
Market Pulse  •  30 juin 2021

The Policy Puzzle: Procyclical or Countercyclical 

Jim Caron
Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  28 juin 2021  •  14:12 Min

Infrastructure a-Go-go: What it Means for Markets 

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.

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private-credit-and-equity Private Credit & Equity page
Insight Article  •  23 juin 2021

Investing in Startups Founded by Women and Multicultural Entrepreneurs 

Morgan Stanley Next Level
As part of its ongoing commitment to advance racial and economic equity, Morgan Stanley’s new Next Level Fund invests in early-stage technology companies with women and diverse members on the founding teams.

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consilient-observer active-fundamental-equity Active Fundamental Equity page
Consilient Observer  •  23 juin 2021

The Impact of Intangibles on Base Rates 

Michael Mauboussin, Dan Callahan
The shift in investments from tangible to intangible assets has important implications for how investors should think about corporate growth rates. Companies with more intangible assets can grow faster, but they can also become irrelevant and shrink faster. Our analysis of historical sales growth rates for U.S. companies reveals both of these results: higher growth and more dispersion, on average, for companies and industries with the highest intangible asset intensity. Skillful investors may be able to identify the companies that will grow faster than expected, hence providing the potential for attractive returns.

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global-equity-observer active-fundamental-equity Active Fundamental Equity page
Global Equity Observer  •  22 juin 2021

Ambition bas carbone 

William Lock, Laura Bottega
Les entreprises présentes au sein des portefeuilles de l’équipe International Equity encouragent leurs clients à vivre de manière plus durable. William Lock et Laura Bottega nous expliquent.

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Caron's Corner  •  21 juin 2021  •  11:18 Min

Is This the Start of Something Bigger? A Look at Asset Pricing 

Jim Caron
Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

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Insight Article  •  19 juin 2021

If Inflation and Yields Rise, What Should I Own in Fixed Income? 

Anton Heese, Raphael Raynal
The strong post-COVID economic rebound poses a threat to fixed income assets. While central banks have generally committed to keeping monetary policy easy, stronger than expected inflation threatens. What's a fixed income investor to do? The Global Fixed Income team explores.

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market-alert solutions-and-multi-asset Solutions & Multi-Asset audio
Market Alert  •  17 juin 2021  •  4:46 Min

Market Alert with Andrew Slimmon: The Fed’s Message 

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.

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takeaways-key-expectations solutions-and-multi-asset Solutions & Multi-Asset page
Takeaways & Key Expectations  •  16 juin 2021

Equity Market Commentary - June 2021 

Andrew Slimmon
In his June TAKE, Andrew Slimmon shares a number of historical market precedents that may provide insight regarding current equity markets and investor behavior.

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global-fixed-income-bulletin fixed-income Fixed Income page
Global Fixed Income Bulletin  •  16 juin 2021

Where Did Volatility Go? 

Global Fixed Income Team
A quiet May saw the constructive market narrative continue. How long will this last, what does this mean for investors? The Global Fixed Income team discuss.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  16 juin 2021  •  8:41 Min

Key Takeaways From Today’s Fed Meeting 

Jim Caron
Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  14 juin 2021  •  11:16 Min

What if Inflation Is Not Transitory - and What Happens Next? 

Jim Caron
Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

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path solutions-and-multi-asset Solutions & Multi-Asset page
PATH  •  11 juin 2021

US Inflation: Real or Noise? 

Andrew Harmstone, Manfred Hui
Inflationary pressures are likely to persist in the second half of the year, with the potential for upside surprises. The GBaR team explain why these may be temporary effects, rather than the start of a new inflationary regime.

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sustainable-investing audio
Sustainable Investing  •  10 juin 2021  •  22:39 Min

Emily Chew featured in Brunswick Group's podcast, ESG Agenda 

Emily Chew
In a recent episode of Brunswick Group’s podcast, The ESG Agenda, Emily Chew, Executive Vice President and Chief Responsible Investment Officer of Calvert gives practical recommendations for boards to develop their companies’ corporate strategy in the era of sustainability disruption.

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sustainable-investing fixed-income Fixed Income page
Sustainable Investing  •  8 juin 2021

MSIM’s Securitized Sustainability Framework: Promoting Responsible Lending & Driving Positive Impact Alignment 

Gregory Finck, Navindu Katugampola, Barbara Calvi, Erin K. Glenn
Environmental, Social and Governance (ESG) factors are most often discussed in the context of corporate and sovereign debt issuers. But that’s changing, according to the Securitized Fixed Income Team, as client demand is driving change when it comes to mortgage and other asset-backed securities.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  7 juin 2021  •  11:54 Min

The Jobs "Wager"  

Jim Caron
Jim Caron, Portfolio Manager and Head of Global Macro Strategies for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

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sustainable-investing page
Sustainable Investing  •  3 juin 2021

Mona Benisi Wins 2021 Women in Sustainability Leadership Award 

Mona Benisi
Mona Benisi wins prestigious Women in Sustainability Leadership Award

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tales-from-the-emerging-world active-fundamental-equity Active Fundamental Equity page
Tales From the Emerging World  •  2 juin 2021

Where the Digital Future Will Unfold 

Ruchir Sharma
The most ingenious uses of future digital technology are likely to be shaped in the emerging world. Ruchir Sharma, Chief Global Strategist and Head of Emerging Markets, discusses.

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sustainable-investing fixed-income Fixed Income page
Sustainable Investing  •  2 juin 2021

Stratégie d’engagement de l’équipe MSIM Fixed Income : Intégrée, judicieuse, influente 

Barbara Calvi, Navindu Katugampola, Anuj Gulati
Grâce au dialogue constructif qu’ils peuvent instaurer avec les émetteurs sur les questions ESG, les investisseurs obligataires jouent un rôle important dans l’obtention de résultats positifs en matière de développement durable. L’équipe MSIM Global Fixed Income précise la manière dont elle intègre l’engagement dans son processus d’investissement.

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carons-corner fixed-income Fixed Income audio
Caron's Corner  •  1 juin 2021