path page
PATH  •  5 juil. 2021

Fed’s hawkish surprise, yet markets unruffled 

Andrew Harmstone, Manfred Hui
The Fed's hawkish surprise of two rate hikes projected for 2023 left markets unruffled, with the S&P 500 reaching all-time highs. Given longer-term headwinds, however, fundamentals, valuations and sentiment all point to the potential for higher volatility.

GBaR-Media-Tile-1x1
 
path 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.

GBaR-Media-Tile-1x1
 
path page
PATH  •  10 mai 2021

The Problem is the P not the E 

Andrew Harmstone
US equities are expensive, but valuations do not yet appear extreme enough to qualify as a bubble, given strong earnings growth and current low interest rates. With ample fiscal support and liquidity, we see limited downside risk in the short term.

GBaR-Media-Tile-1x1
 
path page
PATH  •  15 avr. 2021

Developed Markets Leading the Charge 

Andrew Harmstone
Rapid vaccine rollouts, combined with stimulative policy, have made Developed Markets and particularly the US, leaders of the global recovery. Yet there are reasons to be cautious, as record levels of equity issuance and inflows create a tug-of-war.

GBaR-Media-Tile-1x1
 
path page
PATH  •  18 mars 2021

Markets jitter, but economy on track 

Andrew Harmstone
The prospect of inflation, rising interest rates and investor exuberance are making markets jittery. Yet economic recovery appears to be on track. Andrew Harmstone and his team discuss what this means for their portfolios.

GBaR-Media-Tile-1x1
 
sustainable-investing path page
PATH  •  16 févr. 2021

Socially Divided 

Andrew Harmstone
The struggles of workers during the COVID-19 pandemic have brought into sharp focus long-standing social issues that affect every sector of the economy. The Global Balanced Risk Control Team looks at the investment implications.

9967693_Socially-Divided_Insight-Tile-2x2
 
2021-outlooks path page
Perspectives de marché 2021  •  10 janv. 2021

Les incertitudes se dissipent 

Andrew Harmstone
L'incertitude économique engendrée par la COVID-19 et la politique américaine se dissipe. Notre équipe Global Balanced Risk Control évoque plusieurs catalyseurs probables de la croissance en 2021 et leur impact sur le positionnement du portefeuille.

9952857_Haze_Insight-Tile-1x1
 
path audio
PATH  •  18 nov. 2020  •  2:39 Min

After the US Election: Where are the Opportunities? [Audio] 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
Christian Goldsmith shares the GBaR team’s latest market views.

GBaR-Insight-Tile-2x2
Insight thumbnail audio icon
 
path page
PATH  •  10 nov. 2020

US Presidential Election: The State of Play 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
path market-pulse page
PATH  •  23 oct. 2020

Market Update: A Silver Lining on the Horizon 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
path page
PATH  •  2 oct. 2020

Road to Recovery: 2020’s Final Lap 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
path audio
PATH  •  21 sept. 2020  •  3:34 Min

Animal Spirits and the US Election: Will Momentum Stall? [Audio] 

Andrew Harmstone, Christian Goldsmith
Christian Goldsmith shares the GBaR team’s latest market views.

GBaR-Insight-Tile-2x2
Insight thumbnail audio icon
 
path page
PATH  •  18 sept. 2020

Animal Spirits and the US Election: Will Momentum Stall? 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
path market-pulse page
PATH  •  8 sept. 2020

Warning: Ice on the road ahead 

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
path market-pulse page
PATH  •  21 août 2020

Global markets: China’s positive outlook may not benefit the rest of the world  

Andrew Harmstone, Manfred Hui, Christian Goldsmith
The GBaR team provides an update on its latest market views and asset allocation positioning.

GBaR-Media-Tile-1x1
 
Warning Icon Sorry, there are no Italian versions available. Please switch back to view all versions.
 
 
The Global Balanced Risk Control (GBaR) team is part of Morgan Stanley Investment Management's (MSIM) broader Global Multi-Asset capability. The team uses a top-down global asset allocation approach within a clearly-defined, risk-controlled framework, targeting an agreed level of risk. The GBaR strategy is highly flexible in its asset allocation, enabling portfolio managers to dynamically adjust positioning across equities, fixed income and cash, to maintain a stable risk profile. The team seeks not only to enhance participation in rising markets, but also provide protection from volatile down markets. They also allocate tactically within asset classes, for example between equity regions and fixed income sub-asset classes with the aim of adding value. The GBaR team manages a variety of portfolios to a range of risk targets, which may be further customised to meet client requirements including capital growth, income and Environmental, Social and Governance (ESG) criteria.
 
 

Les utilisateurs sont invités à prendre connaissance des Conditions d’utilisation avant d’engager toute procédure, car celles-ci mentionnent des restrictions légales et réglementaires applicables à la diffusion des informations relatives aux produits d’investissement de Morgan Stanley Investment Management.

Les services décrits sur ce site Web peuvent ne pas être disponibles dans certaines juridictions ou pour certaines personnes. Merci de consulter nos Conditions d’utilisation pour de plus amples informations.


Confidentialité    •    Conditions d'utilisation

©  Morgan Stanley. Tous droits réservés.