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tales-from-the-emerging-world page
Tales From the Emerging World  •  29 sept. 2022

Brazil: Restoring the Fiscal Anchor Is Key 

Eric Carlson, Jitania Kandhari, Eduardo Wisbrun
The Achilles heel of Brazil is its fiscal situation. Once past this inflation cycle, Brazil’s economy should grow based on private sector investment, thriving agricultural and commodity sectors and a credible central bank. But restoring the fiscal anchor will be the primary economic challenge for the upcoming administration.

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Media Appearance  •  27 sept. 2022

Gregory Finck: Investing in Global Asset Backed Securities 

Gregory Finck
Asset backed securities face the same challenges as other fixed income segments and therefore sector and security selection will become more important in the coming years as the economy softens. Greg Finck, Head of the Global Fixed Income’s Securitized team, discusses.

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Media Appearance  •  27 sept. 2022

The Attractiveness of Global Asset Backed Securities With an ESG Tilt 

Gregory Finck
Gregory Finck, Head of the Global Fixed Income’s Securitized team, highlights asset-backed securities (ABS) as a bright spot amidst the predominantly negative yielding fixed income markets.

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Global Equity Observer  •  27 sept. 2022

Access Active 

Bruno Paulson, Laura Bottega
As earnings resilience and pricing power become ever-more significant in a world of rising rates, inflation, regulation and the energy crisis, the International Equity Team explains why they believe their active approach is more important than ever.

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Caron's Corner  •  26 sept. 2022  •  10:20 Min

The Vicious Cycle of Rates and Currencies - Where Does it End? 

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

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Global Fixed Income Bulletin  •  22 sept. 2022

Snap Back to Reality 

Global Fixed Income Team
August ended the summer flirtation with bull market dreams. After strong recoveries in July, bond markets turned down once again in August, generating large negative returns. Yields, spreads, and equities have not (at least yet) returned to their June nadir.

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Market Pulse  •  21 sept. 2022

Inflation May Be Peaking in the U.S. What about the Rest of the World? 

Jim Caron
Inflation could reverse a downward course based on changes in supply chains or labor shortages, keeping it higher than target levels, and for longer than expected, explains Jim Caron, Portfolio Manager and Chief Fixed Income Strategist.

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Caron's Corner  •  21 sept. 2022  •  10:18 Min

The Fed Tries to Get Ahead of the Market 

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

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Caron's Corner  •  19 sept. 2022  •  15:51 Min

The Strategy for Fixed Income as Yields Rise 

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

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Consilient Observer  •  15 sept. 2022

Market Share 

Michael Mauboussin, Dan Callahan
We examine whether a study of market share and related concepts can help us determine if a company has a sustainable competitive advantage. This takes us on a journey that includes life cycles, market share, concentration, markups, intangibles, and "superstars". We study the link between some of these variables and return on investment and provide some analytical tools along the way. We finish with some case studies to see how these ideas apply to a handful of industries.

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Caron's Corner  •  12 sept. 2022  •  14:48 Min

Rates Are Rising and Inflation Is Peaking. Is it Time to Buy Bonds? 

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

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PATH  •  8 sept. 2022

Pas de solution miracle 

Andrew Harmstone, Manfred Hui
Le dilemme auquel sont confrontées les banques centrales perdure à mesure que ces dernières cherchent à contrôler l’inflation, au risque de pousser les économies en récession. L’équipe Global Balanced Risk Control présente les conséquences de cette situation en matière d’investissement et d’allocations tactiques pour faire face à cet environnement complexe.

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Market Alert  •  7 sept. 2022  •  4:22 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. Listen to his Market Alert.

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Caron's Corner  •  6 sept. 2022  •  13:12 Min

Is the Market Pricing Something Different than the Fed Is Saying? 

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

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Inflation  •  1 sept. 2022

Key Themes for 2022 – Video 

Jitania Kandhari
What are the key investment trends as 2022 continues to unfold amid geopolitical tensions, rising inflation and slowing global growth?

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Caron's Corner  •  29 août 2022  •  14:51 Min

R.I.P. Cycle: Recession, Inflation and Policy Risks Are at Odds with Each Other 

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

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Global Fixed Income Bulletin  •  25 août 2022

Oh non, une surchauffe économique, non attendez, il s’agit d’une récession, non, c’est bien une surchauffe ! 

Global Fixed Income Team
Après un mois de juin particulièrement éprouvant, les marchés obligataires et du crédit ont radicalement changé de cap en juillet, générant, pour la première fois de l’année, une performance positive exceptionnellement élevée ! Notre équipe Fixed Income vous fait part de ses réflexions.

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Takeaways & Key Expectations  •  24 août 2022

Equity Market Commentary - August 2022 

Andrew Slimmon
The epic battle between bulls and bears has raged throughout 2022. In his August TAKE, senior portfolio manager Andrew Slimmon makes the case that Mr. Market may be showing signs of optimism while Wall Street strategists remain overwhelmingly pessimistic.

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Global Equity Observer  •  22 août 2022

Vote par procuration : le processus d'incitation 

Vladimir Demine, Candida de Silva
Le vote par procuration, un privilège mais aussi une responsabilité. Alors que le vote par procuration intéresse de plus en plus les conseils d'administration et les directions d’entreprises, Vladimir Demine décrypte le rôle de cette pratique dans l'amélioration des performances à long terme des investissements, ainsi qu’aux problématiques persistantes réduisant l’efficacité du vote.

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The Big Picture  •  22 août 2022

China’s Geopolitical Aspirations and Challenges 

Jitania Kandhari
"China’s spectacular economic growth has remade the geopolitical landscape and created tensions with the U.S. But the country’s internal and external challenges will limit Beijing’s ambitions. Investors will be on the edge," explains Jitania Kandhari, Head of Macro and Thematic Research for Emerging Markets Equity Team.

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PATH  •  9 août 2022

Rebond dans un marché baissier? 

Andrew Harmstone, Manfred Hui
Les preuves suggèrent que la vigueur récente des marchés des pays développés pourrait n'être qu'un rebond dans un marché baissier avec une nouvelle baisse possible. Voici comment l'équipe GBaR procède pour l'allocation des investissements afin de refléter les perspectives.

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Resilience  •  8 août 2022

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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Caron's Corner  •  8 août 2022  •  11:29 Min

Are Conflicting Data Points Foreshadowing or Forestalling a Downturn? 

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

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Insight Article  •  4 août 2022

MSIM Forward for July 2022 

We believe times like these underscore the value of active management — carefully assessing the fluctuations driven by all kinds of disruptions, and taking dynamic actions that best serve the long-term interests of our clients.

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Tales From the Emerging World  •  2 août 2022

Emerging India in a Multipolar World 

Jitania Kandhari, Amay Hattangadi
In India, there has been a recent change from the Gandhian principles of small is beautiful to actively incentivizing large scale manufacturing. Coupled with a healthy banking sector and high demand for housing, the stage is set for Delhi to move forward with an opportunity to shine.

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Insight Article  •  1 août 2022

CAPEX Reshapes Credit Profile: Sectors in Flux - U.S. Technology Emerging as Clear Winner 

Victoria Li, Alana FitzGerald, Jim Caron, Richard Ford, Joseph Mehlman
Despite macro uncertainties, global capital spending continues to surge after a period of short-lived contraction in 2020, powering the post-pandemic economic recovery. The Investment Grade Credit team explains how this might impact market sectors.

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Caron's Corner  •  1 août 2022  •  16:00 Min

Recession? Yes. Red Means Run, Numbers Add Up to Nothing 

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

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sustainable-investing page
Sustainable Investing  •  31 juil. 2022

Energy at a Crossroads - Key Considerations 

Navindu Katugampola, Jessica Alsford, Vikram Raju, Chris Ortega
What are the prospects and pitfalls facing energy transition at this critical time for the global energy industry? Morgan Stanley sustainability experts highlight five key considerations.

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sustainable-investing page
Sustainable Investing  •  31 juil. 2022

Energy at a Crossroads 

Navindu Katugampola, Jessica Alsford, Vikram Raju, Chris Ortega
What are the prospects and pitfalls facing energy transition at this critical time for the global energy industry? Morgan Stanley sustainability experts discuss.

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Market Alert  •  29 juil. 2022  •  2:38 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. Listen to his Market Alert.

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Caron's Corner  •  27 juil. 2022  •  9:41 Min

The Fed Remains Unapologetically Hawkish - but the Market Jumps? 

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

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EDGE  •  27 juil. 2022

Psychedelics 

Counterpoint Global
Psychedelics have the potential to fundamentally reshape how we think about and treat not only mental illness but a host of other conditions as well. Counterpoint Global investigates how psychedelic therapy works, the potential wide-spread impact of this innovative treatment, and the roadblocks to medical adoption.

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Global Equity Observer  •  26 juil. 2022

Les marchés sont en baisse, contrairement aux bénéfices... pour l'instant 

Bruno Paulson
Après le pire début d'année depuis plus de 50 ans, les bénéfices du marché semblent nettement vulnérables, compte tenu de leur niveau élevé actuel et du ralentissement économique probable. Dans cet environnement macroéconomique incertain, l’équipe Actions Internationales explique comment maintenir un portefeuille solide.

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Caron's Corner  •  25 juil. 2022  •  8:35 Min

The Fed Has Some Explaining To Do: What This Week’s Meeting May Tell Us 

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

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Global Fixed Income Bulletin  •  22 juil. 2022

Quel mois, quel trimestre et quelle année! 

Global Fixed Income Team
Les performances des marchés financiers en juin et depuis le début de l'année ne peuvent être qualifiées que d'historiques. Mais malheureusement, elles se sont avérées historiquement mauvaises ! Notre équipe Fixed Income vous fait part de ses réflexions.

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Insight Article  •  22 juil. 2022

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  •  20 juil. 2022

Good Losses, Bad Losses 

Michael Mauboussin, Dan Callahan
Investors must look past simple measures of profits to understand a business’s true ability to create value. The rise of intangibles means more investments are expensed versus capitalized, which makes financial statements appear distorted versus those of the past. Academics distinguish between GAAP losers, companies that have losses but a high return on investment, and real losers, or those that have expenses unrelated to investment that exceed sales. Evidence from recent decades shows GAAP losers produced attractive shareholder returns relative to the real losers and profitable companies.

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Caron's Corner  •  18 juil. 2022  •  9:33 Min

Nominal vs Real: Why Bond Yields Aren’t Rising Despite High Inflation 

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

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Sustainable Investing  •  14 juil. 2022

SEC Proposal on Climate Disclosure Will Drive Real World Innovation and Speed Up Climate Solutions 

John Streur
In this article, Calvert explains its support for the SEC's proposal that companies disclose their carbon emissions in order to facilitate market function and to speed the transition to a cleaner energy system.

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Convergence  •  12 juil. 2022

Crypto & Carbon 

Counterpoint Global
Blockchain technologies have unique capabilities that can enable an interoperable marketplace for voluntary carbon offsets – solving a number of issues with the existing market, such as significant variance in underlying quality of offsets – and thus have an opportunity to play a role in decarbonizing the global economy.

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Caron's Corner  •  11 juil. 2022  •  14:13 Min

Yield Curve 101: What it’s Telling us about Recession and Inflation Risk 

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

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Insight Article  •  7 juil. 2022

How Multi-Manager Platforms Find Strength in Numbers 

Christopher Morser
In recent years, multi-manager platforms (Multi-PMs) have completely transformed the hedge fund world. In this FAQ, we answer fundamental questions about these Multi-PMs. What are they and why are they attracting so many investors?

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Insight Video  •  6 juil. 2022

Emerging Markets Leaders Focus: Digitalization - Video 

Steve Sun
Why should the digital services transformation theme be on investors’ radar now? Steve Sun, Emerging Markets Leaders Strategy Client Portfolio Manager, opines.

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PATH  •  6 juil. 2022

Les banques centrales ont-elles créé de toutes pièces leur casse-tête? 

Andrew Harmstone, Manfred Hui
Alors que l’inflation reste élevée, les banques centrales pourraient rechercher un nouveau resserrer encore la vis alors que la croissance ralentit. L’Équipe Contrôle des risques diversifiés Monde partage ses idées d’allocation optimale d’actifs pour traverser la période de turbulences.

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Insight Article  •  6 juil. 2022

An Introduction to Alternative Lending 

Kenneth Michlitsch
As investors seek to diversify their portfolio exposures beyond traditional assets, alternative lending may offer attractive absolute and risk-adjusted return characteristics.

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Caron's Corner  •  5 juil. 2022  •  13:18 Min

The Fed’s Triple “D” Economy: Demand Destruction by Design 

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.

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Insight Article  •  30 juin 2022

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 Article  •  29 juin 2022

Why REITs? And Why Now? 

Laurel Durkay
The MSIM Global Listed Real Assets Team offers education on what REITs are, the case for REITs, and why you should consider REITs now in this timely article.

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Global Equity Observer  •  28 juin 2022

La « shrinkflation » 

Bruno Paulson, Laura Bottega
Si vous constatez que vos rouleaux d’essuie-tout deviennent de plus en plus fins et vos canettes de boissons de plus en plus petites, vous êtes peut-être en train de faire l’expérience de la « shrinkflation ». L’équipe Actions internationales se penche sur les effets de l’inflation et explique en quoi la période actuelle est propice à la détention d’actions de capitalisation.

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Caron's Corner  •  27 juin 2022  •  10:13 Min

Is the Market Pricing a Recession For the Next 12 Months? 

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.

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Tales From the Emerging World  •  23 juin 2022

Saudi Arabia, More Than Just an Oil Story  

Najmul Hasnain
Saudi Arabia is in the midst of an ambitious and transformative program of social and economic reforms designed to wean the economy off its dependence on the oil sector. Najmul Hasnain, Head of the Saudi Arabia Equity Team, explores.

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Market Pulse  •  23 juin 2022

The Fed Cannot Contain Inflation Alone – Fiscal Policy Is Required 

Jim Caron
Jim Caron, Portfolio Manager and Chief Fixed Income Strategist, shares his views on inflation.

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Caron's Corner  •  21 juin 2022  •  9:46 Min

The Fed’s 2 - 2.5% Inflation Target May Be a Floor, not a Ceiling 

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.

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Global Fixed Income Bulletin  •  21 juin 2022

Craintes et espoirs : Atterrissage en douceur ou brutal 

Global Fixed Income Team
Les marchés continuent d’être malmenés par une volatilité élevée due à l’évolution des craintes entre récession et inflation. Ce mois en dents de scie s’est traduit par des performances très inégales sur les marchés financiers. Notre équipe Global Fixed Income vous fait part de ses réflexions.

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Market Alert  •  21 juin 2022  •  6:41 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. Listen to his Market Alert.

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Calvert  •  15 juin 2022

Why We Currently Own Tesla, and Don't Own Fossil Fuels 

John Streur
In this article, Calvert explains why it sees Tesla as a company working to strengthen ESG practices and achieving incremental yet notable progress. However, the company must be more strategic in managing its human capital and proactive in addressing diversity, equity and inclusion issues; and we expect it to engage with investors and other stakeholders to do so.

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Consilient Observer  •  15 juin 2022

New Business Boom and Bust 

Michael Mauboussin, Dan Callahan
Burgeoning industries often follow the same developmental pattern as a child’s brain, with an overproduction of options followed by a pruning of those that are not useful. This appears wasteful but is in fact an elegant solution. We discuss this pattern for companies, describe why investors should care, and offer some current examples of where this pattern of entry and exit is playing out.

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Caron's Corner  •  6 juin 2022  •  14:11 Min

The Fed Is Failing to Control Wage Inflation and QT Is Nothing to Fear – What Happens Next? 

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.

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Engagement Report  •  6 juin 2022

Engage - Printemps 2022 

Marte Borhaug
La dernière édition d’Engage, mise à jour semestrielle de l’équipe International Equity sur son engagement ESG.

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PATH  •  6 juin 2022

Faire face aux changements de corrélations 

Andrew Harmstone, Manfred Hui
Malgré un environnement économique difficile, nous voyons apparaître certaines opportunités, notamment dans le secteur obligataire.

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Tales From the Emerging World  •  2 juin 2022

The Nuclear Revival 

Jorge Chirino, Steven Quattry
Climate concerns and geopolitical events will revive policy makers support for nuclear power: a safe, reliable and carbon-free source of energy. Steven Quattry, Candy Chao and Jorge Chirinos of the Emerging Markets Equity team explain.

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Caron's Corner  •  31 mai 2022  •  12:10 Min

The Turning Point - or a Bear Market Rally? 

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.

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Global Fixed Income Bulletin  •  30 mai 2022

Annus Horribilis 

Global Fixed Income Team
Si de nombreux problèmes dans le monde peuvent être imputés au conflit russo-ukrainien, il ne s’agit plus du principal responsable des turbulences des marchés. Le carnage d’avril n’a qu’une seule cause : l’inflation, l’inflation, l’inflation ! Notre équipe Global Fixed Income vous fait part de ses réflexions.

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Insight Article  •  25 mai 2022

"Undiscovered" Secondary Markets 

Jarrod Quigley
Secondary markets for hedge funds and private credit may not be well known to investors, but they can offer compelling returns and important risk mitigation benefits.

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Sustainable Investing  •  24 mai 2022

Shining a Sustainability Light on the Darker Side of Big Tech 

Andrew Harmstone, Li Zhang, Kian Masters, Christian Goldsmith
The Global Balanced Risk Control team discusses the potential social consequences of pervasive data mining and whether this may turn into a headwind for the “Big Tech”.

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Global Equity Observer  •  18 mai 2022

Un pas en avant, deux pas en arrière 

Helena Miles
Des progrès considérables ont été réalisés en matière de développement et d’offre de médicaments personnalisés – Ces progrès peuvent-ils augmenter le potentiel des entreprises de grande qualité ? L’enquête de l’équipe International Equity d’Helena Miles.

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Sustainable Investing  •  17 mai 2022

The Nuclear Revival: Embracing a Clean, Reliable and Safe Source of Energy - Video 

Steven Quattry, Candy Chao, Jorge Chirino
As the world grapples with climate change and energy security, nuclear power is experiencing a revival, as a clean, reliable and safe source of energy.

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Caron's Corner  •  16 mai 2022  •  9:28 Min

The Supply Shock Is Turning into a Demand Problem – The Case for Adding Longer Maturity Bonds 

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.

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Calvert  •  13 mai 2022

Addressing the Gender Power Imbalance in the Executive Suite 

John Streur
While progress among public companies has been made to increase representation of women, the power dynamic has remained largely unchanged at the top. The paper explains why companies are missing out on the benefits of true gender diversity with this status quo.

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Insight Article  •  12 mai 2022

The Path to Gender Diversity 

Seema Hingorani, Marte Borhaug, Yijia Chen
Morgan Stanley Investment Management female leaders discuss gender diversity in the corporate world - its vital role, the progress remaining, and how an engaged investor can advance a gender equality agenda.

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Consilient Observer  •  10 mai 2022

Wealth Transfers 

Michael Mauboussin, Dan Callahan
The goal of capital allocation is to put resources to their best use to create long-term value per share for ongoing shareholders. The first major part of capital allocation is investing in the business. The second is transacting with mispriced securities, which introduces the potential for wealth transfers between stakeholders. Astute investors appropriately focus on a management's ability to make investments in the business, but they should also pay attention to management actions with regard to buying and selling the company’s stock.

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Caron's Corner  •  9 mai 2022  •  08:32 Min

The Fed Makes Stocks and Bonds Suffer. Are Jobs Next? 

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.

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Caron's Corner  •  2 mai 2022  •  11:00 Min

When Good Data Is Bad News: Is the Fed Willing to Break the Market? 

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.

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PATH  •  2 mai 2022

Quelques lueurs dans la pénombre 

Andrew Harmstone, Manfred Hui
À mesure que la politique monétaire se resserre, nous partageons nos réflexions sur les implications en matière d’investissement et discutons du positionnement tactique.

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sustainable-investing convergence page
Convergence  •  30 avr. 2022

Culture Quant Framework 

Counterpoint Global
Company culture is essential to unleashing the ingenuity that drives intangible investments, yet it continues to defy quantification. Counterpoint Global identified employee retention as a significant indicator of culture. They show how it correlates with attractive stock returns and how this analysis is integrated into their Sustainability Research process.

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Global Fixed Income Bulletin  •  27 avr. 2022

Un petit pas pour les taux d'intérêt, mais un pas de géant pour la politique monétaire 

Investment Grade Credit Team, Securitized Team, High Yield Team, Global Fixed Income Team, Agency MBS Team, Emerging Markets Debt Team, Floating-Rate Loans Team, Multi-Sector Fixed Income Team
Les marchés financiers ont encore souffert au mois de mars, faisant de ce premier trimestre 2022 l'un des pires trimestres depuis les années 1980. Il n’a pas fallu longtemps aux marchés pour se rendre compte des conséquences inflationnistes/stagflationnistes de la guerre et des sanctions imposées à la Russie. Notre équipe Global Fixed Income vous fait part de ses réflexions.

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Caron's Corner  •  25 avr. 2022  •  9:59 Min

Central Banks Gang Up to End Inflation, but Risk Hard Landing… or Worse 

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.

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global-equity-observer page
Global Equity Observer  •  25 avr. 2022

Diversité - Poser les questions qui dérangent 

Bruno Paulson, Marte Borhaug, Alistair Corden-Llyod
Partout dans le monde, les parties prenantes — y compris notre équipe actions internationales — incitent les entreprises à plus de transparence et à une plus grande responsabilité en matière de diversité, d’équité et d’inclusion. Notre équipe se penche sur cette question.

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sustainable-investing calvert page
Calvert  •  20 avr. 2022

How Accounting for Impact Can Deliver the Real Value of ESG 

Edward Kamonjoh
This paper focuses quantifying impact-how companies affect society and the environment through their employees, customers and products-through ESG metrics.

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sustainable-investing page
Sustainable Investing  •  20 avr. 2022

The Nuclear Revival: Embracing a Clean, Reliable and Safe Source of Energy 

Steven Quattry, Candy Chao, Jorge Chirino
As the world grapples with climate change and energy security, nuclear power is experiencing a revival, as a clean, reliable and safe source of energy.

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Caron's Corner  •  18 avr. 2022  •  11:50 Min

Does the Rise in Bond Yields Stop Here - or Just Pause? 

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.

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Emerging Markets Leaders Focus  •  15 avr. 2022

Emerging Markets Leaders Focus: Digitalization  

Vishal Gupta, Arun Kapoor, Steve Sun
In this inaugural edition of the Emerging Markets Leaders Focus the team looks at the outsourcing of Digital IT Services as a structural thematic that should be on investor’s radar.

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Opportunity Optimum  •  14 avr. 2022

Opportunity Optimum 

Kristian Heugh, Marc Fox, Emily Tsui
Welcome to Opportunity Optimum, a writing series in which the Global Opportunity team discusses how and where they are finding the best opportunities to invest capital around the world.

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Insight Article  •  13 avr. 2022

An Evolving Private Markets Landscape 

Patrick Reid
With public markets broadly expected to deliver lower investment returns, it is no surprise that interest in alternatives continues to grow. In this piece, we look at the shifting dynamics within the private markets space and discuss some of the potentially attractive investment opportunities investors should be aware of.

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sustainable-investing engagement-report page
Engagement Report  •  12 avr. 2022

Emerging Markets ESG and Sustainability - 2022 Report 

Emerging Markets Equity Team
EM Equity team report how they actively advocated for sustainable corporate policies during 2021 and share their ESG engagement priorities for 2022.

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consilient-observer page
Consilient Observer  •  12 avr. 2022

Intangibles and Earnings 

Michael Mauboussin, Dan Callahan
The shift from tangible to intangible investments has complicated the ability to interpret financial statements. One solution is to record intangible investments on the balance sheet and then amortize them over their useful lives. These adjustments recast profitability for some companies and are inconsequential for others. Overall, we estimate that earnings for the S&P 500 would be about 10 percent higher with these changes. This suggests great caution in comparing earnings or valuation multiples over time.

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tales-from-the-emerging-world page
Tales From the Emerging World  •  7 avr. 2022

The Beijing Put — Stemming The Downward Spiral 

Jitania Kandhari, Amay Hattangadi
Jitania Kandhari, Head of Macro and Thematic Research for the Emerging Markets Equity team, and Amay Hattangadi, Co-Lead of the Emerging Markets Core strategies, take a comprehensive look at China in the context of its recent stock market volatility.