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carons-corner audio
Caron's Corner  •  27 mars 2023  •  07:02 Min

Old Risks Create New Challenges 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Tales From the Emerging World  •  23 mars 2023

Untangling Supply Chain Linkages 

Jitania Kandhari, Saumya Jain
Post-pandemic, untangling global supply chains through reshoring, friend-shoring and nearshoring has created opportunities for emerging markets like India, Vietnam, Thailand, Indonesia and Mexico. Jitania Kandhari and Saumya Jain of the Emerging Markets Equity Team explain.

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global-equity-observer page
Global Equity Observer  •  23 mars 2023

Diagnostics: The Workhorse of Improving Health Outcomes 

Helena Miles
What constitutes a valuable health care intervention? The International Equity Team believes that wider use of diagnostic testing and early screening can significantly improve patient outcomes and help optimize health care expenditure. For investors, diagnostics companies offer high returns on operating capital employed, underpinned by barriers to entry, recurring revenues and nondiscretionary end-market demand.

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Caron's Corner  •  22 mars 2023  •  12:09 Min

Fed Recap: The Fed Separates Monetary Policy from Financial Stability  

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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consilient-observer page
Consilient Observer  •  22 mars 2023

Confidence 

Michael Mauboussin, Dan Callahan
Probability and confidence are distinct concepts, and we believe it is useful for investors to separate them. For example, the price of two potential investments may present the same discount to expected value, but confidence in the probabilities for one may exceed those of the other. That nuance may be relevant for determining the appropriate weighting of securities or evaluating diversification.

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Insight Article  •  22 mars 2023

The Merits of Hedge Fund Co-Investments 

Jarrod Quigley
Hedge fund co-investments have an important role to play in client portfolios, explains AIP Hedge Fund Solutions Team Managing Director Jarrod Quigley.

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Caron's Corner  •  20 mars 2023  •  7:06 Min

An Inconvenient Trinity: Financial Stability, Policy and Politics 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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sustainable-investing engagement-report page
Engagement Report  •  16 mars 2023

Emerging Markets Annual Stewardship Report 2023 

Emerging Markets Equity Team
Learn how the EM Equity team actively advocated for sustainable corporate policies during 2022 and what their ESG stewardship priorities are for 2023.

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page
Insight Article  •  16 mars 2023

Deconstructing the Denominator Effect 

Portfolio Solutions Group
Our Portfolio Solutions Group analyzes the key factors that impacted the "denominator effect" in 2022's market downturn.

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Insight Article  •  15 mars 2023

Private Markets Asset Allocation Framework 

Portfolio Solutions Group
Our Portfolio Solutions Group introduces their proprietary Private Markets Asset Allocation Framework (PMAAF) designed to help investors think about how to allocate their dry powder.

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Caron's Corner  •  13 mars 2023  •  7:37 Min

Another Fine Mess: A Date with Lending Facilities and a Policy Mistake 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Global Fixed Income Bulletin  •  12 mars 2023

Comme les faits ont changé, le marché a aussi changé d'avis 

Global Fixed Income Team
Après un mois de janvier au cours duquel ils se sont montrés très optimistes, les marchés ont changé leur fusil d’épaule en février s’agissant des perspectives économiques. Les marchés sont récemment passés d’une prévision d’atterrissage en douceur de l'économie à un scénario dépourvu de tout atterrissage. Les explications de l’équipe de gestion obligataire.

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Insight Article  •  8 mars 2023

The Case for Stable Risk-Adjusted Returns: Why Now? 

Andrew Harmstone, Jim Caron
The traditional 60% equity / 40% bond portfolio will not work well when asset returns are highly correlated. Employing a balanced and active management approach to achieve more stable risk-adjusted returns may prove superior and the overriding goal of the Global Balanced Risk Control Strategy.

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Caron's Corner  •  6 mars 2023  •  7:06 Min

Finding a New Risk Balance When 60/40 is No Longer Optimal 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, looks at the risks associated with the traditional 60/40 portfolio.

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Takeaways & Key Expectations  •  6 mars 2023

Equity Market Commentary - March 2023 

Andrew Slimmon
In his March TAKE, Senior Portfolio Manager Andrew Slimmon provides 7 reasons behind the equity rally, plus Applied Equity Advisors’ portfolio positioning to try to capture the opportunities.

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market-monitor page
Market Monitor  •  3 mars 2023

Monthly Market Monitor – March 2023 

Get a quick overview and dive into market data with our comprehensive, visual review of global economic and asset class performance presented in charts and graphs.

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PATH  •  3 mars 2023

L’actualité est favorable, mais les marchés passent à côté de l’essentiel 

Andrew Harmstone, Jim Caron
Compte tenu de la vigueur des chiffres de l’emploi et de l’inflation, les marchés s’attendent à une posture offensive à court terme de la part de la Réserve fédérale ; toutefois, un examen plus approfondi montre que les données relatives à l’emploi s’essoufflent. Ce rééquilibrage du marché du travail pourrait modifier le scénario de l'inflation et entraîner un rebond.

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global-equity-observer page
Global Equity Observer  •  1 mars 2023

Bienvenue dans la vie à étapes multiples 

Emma Broderick, Jinny Hyun
Quelles sont les entreprises les mieux placées pour profiter des changements de comportement et de mode de vie à long terme induits par une vie à plusieurs étapes ? Voici l’avis de l’équipe Actions·internationales.

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Global Multi-Asset Viewpoint  •  1 mars 2023

2023 Global Multi-Asset Team Outlook 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM's Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: "2023 Global Multi-Asset Team Outlook"

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Media Appearance  •  28 févr. 2023  •  39:39 Min

Morgan Stanley Capital Partners’ Patrick Whitehead on BDO Private Equity PErspectives: Playing Offense in a Volatile Market  

Patrick Whitehead
Patrick Whitehead and Katie Lankalis with LLR Partners joined host Todd Kinney, National Relationship Director at BDO's private equity practice, to discuss value creation strategies and how to drive growth in a volatile market environment, how restrictive financing conditions could impact private equity returns and how the deal landscape could shape up in 2023.

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Caron's Corner  •  27 févr. 2023  •  11:53 Min

Is All News Really Bad News? What May Happen Next in Markets 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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sustainable-investing page
Sustainable Investing  •  27 févr. 2023

ESG Update 

Kristian Heugh, Marc Fox
The Global Opportunity team shares its annual update on ESG engagement activity.

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Takeaways & Key Expectations  •  22 févr. 2023

Equity Market Commentary - February 2023 

Andrew Slimmon
In his second February TAKE, Senior Portfolio Manager Andrew Slimmon offers up where he sees potential Fat Pitches the equity markets are offering, along with how his portfolios are positioned to try to capture the opportunities.

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Global Fixed Income Bulletin  •  17 févr. 2023

Profitons des bonnes choses ! Mais pour combien de temps ? 

Global Fixed Income Team
Après la très forte augmentation des rendements en décembre, les marchés obligataires ont fait volte-face et chuté lourdement en janvier. La trajectoire des marchés n’évolue pas aussi brusquement sans raison précise, mais cette fois, les raisons sont multiples... Les explications de l’équipe de gestion obligataire.

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takeaways-key-expectations page
Takeaways & Key Expectations  •  17 févr. 2023

Equity Market Commentary - February 2022 

Andrew Slimmon
In his February TAKE, Senior Portfolio Manager Andrew Slimmon marks to market his early January four glaring signals that equity investors were way too bearish. Find out where he thinks we are today.

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consilient-observer page
Consilient Observer  •  15 févr. 2023

Cost of Capital 

Michael Mauboussin, Dan Callahan
This is a guide to estimating the cost of capital, a measure of both expected return and the discount rate. For example, investors discount future free cash flows at the cost of capital to come up with a present value. Our goal is to find a figure that reflects opportunity cost sensibly, is economically sound, and gives the investor and businessperson a practical solution. We recommend settling on a reasonable cost of capital and then allocating the bulk of time thinking about future cash flows.

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page
Insight Article  •  14 févr. 2023

How Hedge Funds Can Improve Portfolio Diversification 

Eban Cucinotta, Jarrod Quigley, Robert Rafter, Ping Chen
Over the past several years, investors piled into sectors like Equity Hedge and Event Driven, which fared poorly in 2022, and historically have been highly correlated with equities. However, our analysis shows that many hedge fund sectors benefit from volatility and higher interest rates and we believe they are likely to be good diversifiers for traditional portfolios in today's environment.

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Caron's Corner  •  13 févr. 2023  •  09:49 Min

From Too Tight to Too Easy. What’s Next for Asset Prices?  

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight Article  •  8 févr. 2023

Going Long on Talent 

Seema Hingorani
Now more than ever, asset managers are acknowledging the critical role that talent retention plays in building long-term success. In this piece, Seema Hingorani, Managing Director and Strategic Client and Talent Engagement Lead, explores the talent-retention challenges and opportunities that exist in the industry today, while also examining the specific steps that can be taken to nurture diverse talent, while promoting a more diverse and inclusive workplace.

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Media Appearance  •  7 févr. 2023

Morgan Stanley’s Lauren Hochfelder On the Firm’s Globally Local Investing 

Lauren Hochfelder
MSREI Co-CEO, Lauren Hochfelder, sat down with Commercial Observer to discuss her career, what she's seeing, and how US commercial real estate is viewed today from a global investment standpoint.

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market-monitor page
Market Monitor  •  6 févr. 2023

Monthly Market Monitor – February 2023 

Get a quick overview and dive into market data with our comprehensive, visual review of global economic and asset class performance presented in charts and graphs.

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carons-corner audio
Caron's Corner  •  6 févr. 2023  •  14:07 Min

The Soft-Landing Super Bowl: Here’s Our Playbook 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Media Appearance  •  3 févr. 2023

Morgan Stanley Capital Partners recognized by Inc. as a Top 50 Founder-Friendly Private Equity Firm  

Morgan Stanley Capital Partners
Inc.'s annual list of founder-friendly private equity firms shines a light on firms that have had success supporting founder-led companies.

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big-picture page
The Big Picture  •  2 févr. 2023

Key Themes for 2023 

Jitania Kandhari
Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group; Head of Macro & Thematic Research, Emerging Markets; Portfolio Manager, AIA, outlines her Key Themes for 2023.

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PATH  •  2 févr. 2023

Une fenêtre d’opportunité 

Andrew Harmstone, Jim Caron
Les moteurs des marchés au premier semestre 2023 semblent être en total opposition avec ceux de l'année dernière - ralentissement de l’inflation, baisse des taux, stabilisation voire légère dépréciation du dollar américain et réouverture de la Chine. Ce contexte positif ouvre une fenêtre d'opportunité, ce qui nous permet d’accroître notre exposition au risque. Découvrez comment nous avons fait évoluer notre allocation tactique.

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PATH  •  2 févr. 2023

Une fenêtre d’opportunité - Fonds MS INVF GBaR 

Andrew Harmstone, Jim Caron
Les moteurs des marchés au premier semestre 2023 semblent être en total opposition avec ceux de l'année dernière - ralentissement de l’inflation, baisse des taux, stabilisation voire légère dépréciation du dollar américain et réouverture de la Chine. Ce contexte positif ouvre une fenêtre d'opportunité, ce qui nous permet d’accroître notre exposition au risque pour en profiter. Découvrez comment nous tenons compte de ces tendances dans l’allocation du fonds GBaR.

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Insight Video  •  1 févr. 2023

Anil Agarwal: Opportunities in Asia 

Anil Agarwal
Anil Agarwal, investor of the Global Opportunity team, gave an update on the team’s portfolio allocation and investment view considering the current complex and rapidly changing environment in the emerging markets in Asia.

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Caron's Corner  •  1 févr. 2023  •  8:08 Min

Fed Recap: The Song Remains the Same, but the End Is Near 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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sustainable-investing page
Sustainable Investing  •  31 janv. 2023

Key Fixed Income ESG Considerations for 2023 

Barbara Calvi
While the Fixed Income team expects macro headwinds will continue to have an impact in 2023, a rebounding sustainable bond market can continue feeding opportunities for fixed income investors.

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Global Fixed Income Bulletin  •  31 janv. 2023

European Short Duration: An asset class for an uncertain world 

Broad Markets Fixed Income Team
The prospect of less hawkish central bank policy should be supportive for short duration assets in 2023, according to the Broad Markets Fixed Income Team. They explore in this new whitepaper.

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Caron's Corner  •  30 janv. 2023  •  13:13 Min

This Week’s Fed Meeting: What Words will Move Markets? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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global-equity-observer page
Global Equity Observer  •  26 janv. 2023

Les multiples de valorisation ont baissé. Les bénéfices vont-ils subir le même sort ? 

Bruno Paulson
Malgré la récession qui se profile, les estimations des bénéfices à terme restent remarquablement solides. Mais Bruno Paulson s'interroge : les bénéfices vont-ils baisser ?

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sustainable-investing page
Sustainable Investing  •  25 janv. 2023

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.

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page
Insight Article  •  25 janv. 2023

Listed Infrastructure has Potential for Resilient Earnings, Strong Cash Flow 

Matthew King
The MSIM Global Listed Real Assets Team explores how even in the likliehood of economic downturn in 2023, listed infrastruture is expected to have resillient earnings, strong cash flow, and unimpacted capital programs.

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Caron's Corner  •  23 janv. 2023  •  13:51 Min

The Arrival of Long and Variable Lags: How We’re Investing 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Caron's Corner  •  17 janv. 2023  •  13:37 Min

"Risk-on" Is a Misunderstood Risk that Needs To Be Hedged 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight Article  •  12 janv. 2023

ESG, Lending Recovery, and Data Growth Have Potential to Fuel REITs 

Laurel Durkay
The MSIM Global Listed Real Assets Team explores how a possible recovery in the credit market during 2023 can fuel M&A activity and favorable REIT returns.

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Caron's Corner  •  9 janv. 2023  •  11:56 Min

2023 Will Feel Worse on Main Street than Wall Street 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight Article  •  9 janv. 2023

Rebalancing Acts 

Andrew Harmstone, Jim Caron
The Global Balanced Risk Control team discuss the three key trends they foresee for 2023 and the investment implications.

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Aperçu video  •  6 janv. 2023

2023 : Rééquilibrage dans une année de transition - Vidéo  

Jim Caron
Jim Caron, le co-responsable des investissements de l'équipe Global Balanced Risk Control, partage son point de vue sur les marchés et discute de positionnement de portefeuille.

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Takeaways & Key Expectations  •  6 janv. 2023

Equity Market Commentary - January 2023 

Andrew Slimmon
In his January TAKE, Senior Portfolio Manager Andrew Slimmon provides 5 investment ideas for 2023.

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path page
PATH  •  5 janv. 2023

Une année de transition pour les marchés de l’énergie 

Andrew Harmstone, Manfred Hui
Nous nous attendons à une année de transition pour les marchés de l’énergie, notamment en raison de la hausse des prix du pétrole et du gaz qui devrait entraîner un certain rééquilibrage du marché après les perturbations de l’année dernière. Les dynamiques qui sous-tendent les marchés de l’énergie sont un élément central de l’évolution de l’inflation, qui sera elle-même déterminante pour la performance des actifs en 2023.

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Global Fixed Income Bulletin  •  31 déc. 2022

2022 : Au revoir, Adieu, Amen ! 

Global Fixed Income Team
D’un point de vue obligataire, 2023 démarre sur une base plus solide et plus sûre. Les rendements sont sensiblement plus élevés et les spreads plus écartés, ce qui augure de bien meilleures performances pour 2023. Les explications de l’équipe de gestion obligataire.

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global-equity-observer page
Global Equity Observer  •  23 déc. 2022

Quand l'argent n'est pas gratuit 

Anton Kryachok
Comme il sera désormais plus difficile de stimuler la croissance par l’endettement en raison de la hausse des taux d'intérêt, nous pensons que la valeur relative des entreprises capables d’accélérer leur croissance organique ne peut qu'augmenter. Découvrez pourquoi les entreprises de nos portefeuilles présentant des bilans résilients sont mieux positionnées pour renforcer leur position concurrentielle, accroître la durabilité de leur rentabilité opérationnelle des capitaux employés (ROOCE) et enregistrer une croissance régulière et prévisible.

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big-picture page
The Big Picture  •  21 déc. 2022

Emerging Markets: Stepping Into the Spotlight 

Jitania Kandhari
After lagging the developed economies for more than a decade, emerging markets are in a much stronger position to outperform developed countries in the decade ahead. Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group, explains.

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Insight Article  •  20 déc. 2022

Hybrid/Opportunistic Funds Offer Risk-Adjusted Returns 

David Frechette, Patrick Reid
In this paper, we examine some of the opportunities offered through private hybrid/opportunistic funds to lessen the impact of current market challenges.

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Caron's Corner  •  19 déc. 2022  •  12:33 Min

Red Light, Green Light, Yellow Light: Risks and Fat-Tails in 2023. 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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global-fixed-income-bulletin page
Global Fixed Income Bulletin  •  15 déc. 2022

Un cadeau de Noël en avance 

Global Fixed Income Team
Seuls les chiffres permettront de déterminer si le rallye obligataire de novembre peut se poursuivre ou non. En attendant, l'équipe obligataire pense que les investisseurs devraient profiter de ce cadeau de Noël anticipé.

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2023-outlooks page
2023 Outlooks  •  14 déc. 2022

2023 Investment Outlook 

Morgan Stanley Investment Management
In our 2023 outlook, our macro strategists and investment managers across equity, fixed income and alternative asset classes share their diverse views on key themes, where they think markets are headed after a turbulent year, and how they are positioning their respective strategies.

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2023 Outlooks  •  14 déc. 2022

2023 Perspectives d’investissement 

Morgan Stanley Investment Management
Dans nos perspectives pour 2023, nos stratégistes macro et nos gérants des classes d’actifs en actions, obligations et produits alternatifs partagent leurs différents points de vue sur des thèmes clés, sur l'orientation des marchés après une année turbulente et sur le positionnement de leurs stratégies respectives.

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Caron's Corner  •  14 déc. 2022  •  11:29 Min

Fed Recap: No Country for Old Doves, Just Hawks, No Chickens 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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Consilient Observer  •  14 déc. 2022

Capital Allocation 

Michael Mauboussin, Dan Callahan
Capital allocation is a key job of management, but not all know how to allocate effectively. In this report, we establish the foundation by reviewing the sources and uses of capital and then show how U.S. companies have allocated capital since 1985. Next, we review the alternatives in detail, including intangible investments, and offer a guide for thinking about the prospects for value creation. We finish with a framework for assessing a company’s capital allocation skills.

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Sustainable Investing  •  12 déc. 2022

Fixed Income 2022 Engagement Report 

Rachel Smith, Barbara Calvi
In its annual Engagement Report, the 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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Engagement Report  •  12 déc. 2022

Engage Automne 2022 

International Equity Team
Dernier numéro d’Engage, la revue semi-annuelle de l'équipe Actions internationales sur son activité d'intervention sur l'ESG.

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Caron's Corner  •  12 déc. 2022  •  9:56 Min

The Important Differences Between Market Pricing and Fed Expectations 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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Insight Article  •  8 déc. 2022

The REIT Opportunity Today 

Laurel Durkay
The MSIM Global Listed Real Assets Team explores why real estate values in the public markets have suffered year to date and why the value of REITs should be more stable and create significant opportunities in the coming year.

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Caron's Corner  •  5 déc. 2022  •  9:52 Min

Bucking the 2023 Consensus Expectations. But When? 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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PATH  •  5 déc. 2022

Résistance relative du marché du travail dans les pays développés, malgré une croissance plus lente 

Andrew Harmstone, Manfred Hui
Le déséquilibre post-Covid sur le marché du travail aux États-Unis semble commencer à se normaliser. En revanche, le marché du travail semble plus tendu en Europe étant donné que la hausse des salaires renforce le risque d’une persistance de l’inflation sous-jacente. Nous discutons de ces dynamiques et de ce qu’elles signifient pour la croissance et le positionnement.

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Insight Article  •  30 nov. 2022

Insights Blog: Five Findings from COP27 with Vikram Raju 

Vikram Raju
In this piece Vikram Raju, Head of Climate Investing for Morgan Stanley Private Markets, discusses five key findings from the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change ("UNFCC COP27" or "COP27").

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Takeaways & Key Expectations  •  30 nov. 2022

Equity Market Commentary - November 2022 

Andrew Slimmon
In his Novermber TAKE, Senior Portfolio Manager Andrew Slimmon looks ahead to 2023.

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Global Equity Observer  •  29 nov. 2022

L’efficacité des stratégies de prix élevés sur les marques distributeurs 

Nic Sochovsky, Alistair Corden-Lloyd
Dans le climat actuel de hausse des prix et de pression sur le coût de la vie à l’échelle mondiale, les grandes marques courent-elles le risque de voir les consommateurs réduire leurs dépenses ? L’équipe actions internationales explique pourquoi la perception des prix est importante, et à quel point certains signaux peuvent influencer la prise de décision.

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Caron's Corner  •  28 nov. 2022  •  9:13 Min

Assets Are Rallying, but Is the Market Getting It Wrong? 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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Tales From the Emerging World  •  22 nov. 2022

Mining for a Greener Future 

Eric Carlson, Candy Chao
Mining companies have had a terrible environmental reputation in the past, but recent efforts show how the industry can implement sustainable initiatives. Investors are now focusing on companies that have practical decarbonization pathways to help lower emissions over the next three to five years. Eric Carlson and Candy Chao explore.

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Global Fixed Income Bulletin  •  17 nov. 2022

Stupeur et confusion 

Global Fixed Income Team
En comparaison du chaos qui a régné au mois de septembre, le mois d’octobre s’est avéré relativement serein pour les marchés obligataires. Cela dit, les marchés ont continué d’afficher une performance mitigée, et l’on peut pardonner aux investisseurs d’avoir oscillé entre stupeur et confusion si l’on considère le niveau de volatilité, la dispersion des performances, le manque de liquidité, les politiques des banques centrales et la difficulté de déterminer la juste valeur.

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Caron's Corner  •  14 nov. 2022  •  16:24 Min

A Bear Market Rally or the Start of Something Bigger? 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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Market Alert  •  14 nov. 2022  •  4:55 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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Tales From the Emerging World  •  9 nov. 2022

Vietnam's Emerging Consumer Class 

Steven Quattry
Vietnam’s large, young and tech-savvy middle class, makes it one of a few countries to benefit from globalizing in a deglobalizing world and usher in the next generation of investments in emerging markets. Steve Quattry and Jorge Chirino explain.

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Consilient Observer  •  9 nov. 2022

ROIC and Intangible Assets 

Michael Mauboussin, Dan Callahan
We extend the analysis from our recent report, “Return on Invested Capital,” by adjusting ROIC for all companies to reflect intangible investment. While the median and aggregate ROIC for the adjusted figures is similar to the traditional one, the main result is that extremely high and low ROICs regress toward the mean. We believe these adjustments represent a step toward a more accurate view of the magnitude and return on investment.

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Caron's Corner  •  7 nov. 2022  •  13:29 Min

Three Burning Questions Light the Recession Fuse 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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Insight Article  •  4 nov. 2022

Overcoming Behavioral Biases: The Importance of Our Proprietary Portfolio Exercises 

All humans have behavioral biases, those blind spots that can impact decision-making. To address investment bias, the Eaton Vance Equity Group has integrated proprietary Portfolio Exercises into their investment process, a differentiator in the way they manage money and an important element of their success.

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PATH  •  3 nov. 2022

Inflation des services : un obstacle plus élevé à la poursuite de la hausse 

Andrew Harmstone, Manfred Hui
À mesure que les contraintes pesant sur les chaînes d'approvisionnement s'atténuent et que l'inflation des biens se normalise, de nombreux observateurs s'attendent à ce que l'inflation américaine recule. Mais la pression reste élevée dans les services en raison d’un marché du travail toujours tendu. Découvrez les impacts de ces vents contraires continus sur notre positionnement.

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Caron's Corner  •  2 nov. 2022  •  12:26 Min

FOMC Recap: A Dovish Tease - but an Overarching Hawkish Reality 

Jim Caron
Jim Caron, Senior Advisor for the Fixed Income Team, shares his macro thematic views on key market drivers.

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Insight Article  •  1 nov. 2022

Managed Futures: A Primer 

Patrick T. Egan
In this primer, we provide a fundamental overview of managed futures investment strategies. What are managed futures and how are they differentiated from other strategies?

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Insight Article  •  1 nov. 2022

Managed Futures as a Potential Solution to Market Volatility 

Patrick T. Egan
In periods of volatility, investors may be looking for an alternative investment which may not only provide potential mitigation from the effects of market fluctuations, but also potentially capitalize on this increase in volatility.

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Insight Article  •  31 oct. 2022

MSIM Forward for October 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.