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big-picture page
Big Picture  •  21-mag-2024

Emerging Markets: Stepping Into the Spotlight 

Jitania Kandhari
In this updated report, read how Emerging Markets are driven by more than just China. Emerging Market Equities look attractive with higher growth, reduced debt, and lower inflation. Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group and Head of Macro & Thematic Research, Emerging Markets explains.

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page
Media Appearance  •  16-mag-2024

Lauren Hochfelder on Yahoo Finance: Morgan Stanley's Top Real Estate Investing 'Megatrends' 

Lauren Hochfelder
Lauren Hochfelder on Yahoo Finance: Morgan Stanley's Top Real Estate Investing 'Megatrends'

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Global Fixed Income Bulletin  •  13-mag-2024

Non proprio niente di nuovo sul fronte occidentale 

Broad Markets Fixed Income Team
Il mutamento delle aspettative riguardo ai tagli dei tassi è stato avvertito in tutto il mondo con i rendimenti che sono saliti sia nei mercati sviluppati che in quelli emergenti. Il team Broad Markets Fixed Income analizza le conseguenze di questi sviluppi sugli investitori.

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page
Articolo di approfondimento  •  9-mag-2024

Un nuovo approccio di gestione per un nuovo regime di mercato 

Portfolio Solutions Group
In questo articolo, il Portfolio Solutions Group spiega l’approccio di gestione adottato per affrontare l’impatto negativo di questo nuovo regime sui rendimenti, mirando a conseguire rendimenti stabili.

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tales-from-the-emerging-world page
Tales From the Emerging World  •  7-mag-2024

China Inc.: A Changing Mindset 

Amay Hattangadi, Leon Sun, Jerry Peng
As Chinese corporations navigate the complexities of post COVID growth, Beijing is actively encouraging companies to increase dividend payments and embrace share buybacks, as part of government measures to make the capital markets more resilient. The focus on investor-friendly initiatives provides an opportunity for another look at Chinese stocks.

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beat page
Mensile  •  6-mag-2024

The BEAT - Maggio 2024 

Utilizziamo il ‘’The BEAT’’ come risorsa a cui attingere per comprendere il mercato nel corso del mese. Ogni edizione offre idee e approfondimenti che illustrano come affrontare l’attuale contesto d’investimento.

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Caron's Corner  •  6-mag-2024  •  6:17 Min

The BEAT for May – Our Key Themes and Top Ideas  

Jim Caron
Jim Caron, CIO of the Portfolio Solutions Group, shares his macro thematic views on key market drivers.

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Caron's Corner  •  6-mag-2024  •  6:17 Min

Analisi The BEAT per il mese di maggio – Temi principali e idee migliori 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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global-equity-observer page
Global Equity Observer  •  30-apr-2024

Interesse composto 

Bruno Paulson
La combinazione di effervescenza e concentrazione sui mercati crea un difficile contesto di investimento, in particolare in termini relativi. Il team International Equity ritiene occorra continuare a ragionare in termini assoluti, a essere rigorosi per quanto riguarda sia la qualità che le valutazioni, nonché a puntare sul compounding nel lungo periodo.

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sustainable-investing page
Sustainable Investing  •  30-apr-2024

2024 Stewardship Trends 

Robert Walker
As the 2024 proxy season kicks off, the Morgan Stanley Investment Management Global Stewardship Team highlights three key themes: Natural Capital and Biodiversity, Workers’ Rights, and Artificial Intelligence (AI) that we believe will be high on the agenda for investors.

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Takeaways & Key Expectations  •  29-apr-2024

Equity Market Commentary - April 2024 

Andrew Slimmon
In his April TAKE, Senior Portfolio Manager Andrew Slimmon discusses investor behavior as pertaining to the puzzling swell in money market fund assets, and what Applied Equity Advisors is focused on during this earnings season.

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consilient-observer page
Consilient Observer  •  23-apr-2024

Valuation Multiples: What They Miss, Why They Differ, and the Link to Fundamentals 

Michael Mauboussin, Dan Callahan
Most investors “price” the stocks of companies by using valuation multiples instead of “valuing” them based on future cash flows and fundamentals. We address what multiples miss and why they have become less informative. We examine how the two most popular multiples, P/E and EV/EBITDA, can provide different signals about a stock’s relative attractiveness. We then take a deep look at EV/EBITDA. We do not discourage the use of multiples, but users should understand the underlying value drivers.

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tales-from-the-emerging-world page
Tales From the Emerging World  •  22-apr-2024

Weaving India’s Future: A Tapestry of Green and Grey Energy 

Eric Carlson, Candy Chao
India is undergoing a significant transformation to strike a balance between economic growth and sustainability, revamping its environmental reputation. India’s energy security and consumption growth is a significant investment theme for the coming decade as the country adds green capacity. Eric Carlson and Candy Chao explain.

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Caron's Corner  •  22-apr-2024  •  5:24 Min

La duration: un’amica o una nemica? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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page
Media Appearance  •  17-apr-2024

Morgan Stanley Real Estate Investing: Lauren Hochfelder on CNBC's The Exchange - Video 

Lauren Hochfelder
Lauren Hochfelder discusses real estate opportunities and supply chain on CNBC's The Exchange.

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Caron's Corner  •  15-apr-2024  •  7:33 Min

Tecnologia e ribassi: rischio geopolitico, volatilità e valore 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Global Fixed Income Bulletin  •  10-apr-2024

Vi crediamo sulla parola 

Broad Markets Fixed Income Team
L’obbligazionario risulta molto più interessante ora di quanto non fosse a inizio gennaio, secondo il Team Broad Markets Fixed Income.

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big-picture page
Big Picture  •  8-apr-2024

Big Picture - Return of the 60/40 

Jitania Kandhari
In 2022, the 60/40 portfolio suffered its worst loss since 1937, prompting many market participants to question its value. Analyzing 200 years of data, Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group, evaluates the renewed relevance of the 60/40 portfolio.

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market-monitor page
Market Monitor  •  8-apr-2024

Emerging Markets Debt Monitor – Q1 2024 

Emerging Markets Debt Team
In-depth review of fundamentals and valuations across emerging markets debt.

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market-monitor page
Market Monitor  •  8-apr-2024

Floating-Rate Loan Market Monitor – Q1 2024 

Floating-Rate Loan Group
Insight on loan market fundamentals and the role of floating-rate loans within portfolios.

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big-picture video
Big Picture  •  8-apr-2024

Video: Return of 60/40 

Jitania Kandhari
Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group; Head of Macro & Thematic Research, Emerging Markets; Portfolio Manager, Passport Equity, examines the return of the 60/40 portfolio strategy in 2024.

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tales-from-the-emerging-world page
Tales From the Emerging World  •  4-apr-2024

The Value-Up Recipe for Re-Rating Korea 

Amay Hattangadi, Rose Kim
Will the Korean market’s current value proposition solidify into a lasting investment theme? Amay Hattangadi and Rose Kim examine Korea’s de-rating over the past two decades to determine whether now is time to engage in the Korea “value trade.”

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beat page
Mensile  •  3-apr-2024

The BEAT - Aprile 2024 

Utilizziamo il ‘’The BEAT’’ come risorsa a cui attingere per comprendere il mercato nel corso del mese. Ogni edizione offre idee e approfondimenti che illustrano come affrontare l’attuale contesto d’investimento.

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Caron's Corner  •  2-apr-2024  •  8:23 Min

The BEAT for April: Our Top Themes - and One Major Allocation Change 

Jim Caron
Jim Caron, CIO of the Portfolio Solutions Group, shares his macro thematic views on key market drivers.

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big-picture video
Big Picture  •  1-apr-2024

Video: Oil. Underappreciated, Underinvested and Undervalued 

Jitania Kandhari
Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group; Head of Macro & Thematic Research, Emerging Markets; Portfolio Manager, Passport Equity, believes oil is an underappreciated, underinvested and undervalued commodity in 2024.

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global-equity-observer page
Global Equity Observer  •  26-mar-2024

Investimenti di qualità: vale la pena attendere 

William Lock
Dal saper scegliere le aziende migliori al segreto della longevità nel mondo degli investimenti, William Lock ci illustra 10 lezioni apprese in 30 anni trascorsi a investire in società di alta qualità e con capacità di compounding sostenibile nel lungo periodo, offrendo ai clienti interessanti rendimenti a lungo termine.

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Caron's Corner  •  25-mar-2024  •  8:35 Min

Correre un rischio sul versante dell’offerta 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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big-picture video
Big Picture  •  21-mar-2024

Video: Ten Key Themes for 2024 

Jitania Kandhari
Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group; Head of Macro & Thematic Research, Emerging Markets; Portfolio Manager, Passport Equity, outlines her Ten Key Themes for 2024.

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Insight audio  •  19-mar-2024  •  38:57 Min

Lauren Hochfelder on Investment Wars: Do Recent Disruptions in the Real Estate Sector Create Opportunity in 2024? 

Lauren Hochfelder
Lauren Hochfelder, Co-Chief Executive Officer for Morgan Stanley Real Estate Investing, appears on Investment Wars to discuss major disruptions and trends in the commercial real estate market.

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page
Insight Article  •  14-mar-2024

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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global-fixed-income-bulletin page
Global Fixed Income Bulletin  •  12-mar-2024

È il momento delle decisioni 

Broad Markets Fixed Income Team
A febbraio i rendimenti sono generalmente aumentati a livello globale, in quanto gli operatori di mercato hanno rettificato le attese relative al taglio dei tassi d’interesse per l’anno in corso. Il team Broad Markets Fixed Income analizza le conseguenze di questi sviluppi sui mercati.

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takeaways-key-expectations page
Takeaways & Key Expectations  •  7-mar-2024

Equity Market Commentary - March 2024 

Andrew Slimmon
In his March TAKE, Senior Portfolio Manager Andrew Slimmon shares his thoughts on recent market strength.

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beat page
Mensile  •  5-mar-2024

The BEAT - Marzo 2024 

Utilizziamo il ‘’The BEAT’’ come risorsa a cui attingere per comprendere il mercato nel corso del mese. Ogni edizione offre idee e approfondimenti che illustrano come affrontare l’attuale contesto d’investimento.

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Caron's Corner  •  5-mar-2024  •  6:58 Min

The BEAT for March: Top Ideas and Three Changes to Our Asset Allocations 

Jim Caron
Jim Caron, CIO of the Portfolio Solutions Group, shares his macro thematic views on key market drivers.

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page
Media Appearance  •  1-mar-2024

Inside Saudi Arabia’s Plan to Move Past Oil, by Barron's Reshma Kapadia 

Amy Oldenburg
Morgan Stanley Investment Management’s Head of Emerging Markets Equity Amy Oldenburg was interviewed by Barron’s for their January cover story on investing in Saudi Arabia.

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sustainable-investing calvert page
Calvert  •  1-mar-2024

Parity Beyond the Boardroom: Closing Diversity Gaps in the Corporate Pipeline 

Calvert Research and Management
In the third paper of our gender diversity series, we discuss one of the top remaining global gender issues: the gap in the corporate “talent pipeline” – where gender and ethnic representation at the board and employee levels is much higher than at the executive and senior management levels.

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consilient-observer page
Consilient Observer  •  28-feb-2024

Cost of Capital and Capital Allocation: Investment in the Era of “Easy Money” 

Michael Mauboussin, Dan Callahan
We examine the counterintuitive behavior of U.S. public companies in the recent regime of “easy money” marked by below-average interest rates.

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global-equity-observer page
Global Equity Observer  •  27-feb-2024

Puntare sulla qualità 

Bruno Paulson, Alistair Corden-Lloyd
Il compounding è una forza vincente, ma cosa ci fa capire se un’azienda può essere una compounder di alta qualità? Ci concentriamo sulla redditività del capitale operativo impiegato (ROOCE) e sui margini lordi. Le aziende con un ROOCE elevato presentano generalmente un’operatività con margini elevati e ridotto impiego di risorse, mentre i margini lordi elevati rispecchiano solitamente il potere di determinazione dei prezzi. Questi attributi ci fanno capire quali aziende meritano di essere esaminate più attentamente e in quali dovremmo investire il nostro tempo per comprendere la longevità della loro attività.

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Caron's Corner  •  20-feb-2024  •  6:17 Min

Quando l’aumento dei rendimenti obbligazionari inizierà ad avere ripercussioni sull’azionario? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Tales From the Emerging World  •  20-feb-2024

Taiwan's Silicon Shield  

Samson Hung
While geopolitical tensions and the U.S.-China chip war dominate the headlines, Taiwan’s semiconductor industry will benefit from sectors including artificial intelligence and electric vehicles. The chip industry is the silicon shield that protects Taiwan.

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sustainable-investing page
Sustainable Investing  •  16-feb-2024

ESG Update 

Kristian Heugh, Marc Fox
The Global Opportunity team shares its annual update on integrating ESG within the investment process, the carbon intensity of the portfolios and company engagement activity.

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Global Fixed Income Bulletin  •  15-feb-2024

L’obbligazionario andrà in pausa? 

Broad Markets Fixed Income Team
Dopo la straordinaria performance segnata nel quarto trimestre dal mercato obbligazionario, il rialzo dei rendimenti non ha costituito una sorpresa. Quali potrebbero essere gli sviluppi futuri? Analisi del Team Broad Market Fixed Income.

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page
Insight Article  •  15-feb-2024

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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page
Insight Article  •  10-feb-2024

Managed Futures: A Primer 

Srdjan Teslic, 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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takeaways-key-expectations page
Takeaways & Key Expectations  •  8-feb-2024

Equity Market Commentary - February 2024 

Andrew Slimmon
In his February TAKE, Senior Portfolio Manager Andrew Slimmon shares his thoughts as we commence 2024.

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opportunity-optimum page
Opportunity Optimum  •  7-feb-2024

The India Opportunity 

Kristian Heugh, Anil Agarwal, Marc Fox, Emily Tsui
The Global Opportunity Team believes India offers an attractive hunting ground to find ideas that meet our criteria for long-term value creation and explains the broad areas where we see opportunities.

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beat page
Mensile  •  6-feb-2024

The BEAT - Febbraio 2024 

Utilizziamo il ‘’The BEAT’’ come risorsa a cui attingere per comprendere il mercato nel corso del mese. Ogni edizione offre idee e approfondimenti che illustrano come affrontare l’attuale contesto d’investimento.

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Caron's Corner  •  5-feb-2024  •  5:48 Min

Analisi mensile "The BEAT": le nostre quattro idee migliori 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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big-picture page
Big Picture  •  5-feb-2024

Key Themes for 2024 

Jitania Kandhari
Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group; Head of Macro & Thematic Research, Emerging Markets; Portfolio Manager, Passport Equity, outlines her Key Themes for 2024.

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Media Appearance  •  2-feb-2024

See Laurel Durkay on CNBC's "The Exchange" discussing how REITs can benefit from AI 

Laurel Durkay
Sometimes overlooked, but a wildly important beneficiary of advancements in the adoption of artificial intelligence, is the data center real estate sector. In fact, Laurel calls now a “transformational moment” for data centers and reveals her top investment ideas for the space on CNBC’s "The Exchange."

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sustainable-investing engagement-report page
Engagement Report  •  2-feb-2024

Engage Winter 2023 

Marte Borhaug
The latest edition of Engage, the International Equity Team’s semi-annual update on their ESG engagement activity.

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Insight Article  •  1-feb-2024

Global Listed Real Estate: A Year in Review and Year-Ahead Outlook 

Laurel Durkay
Head of Global Listed Real Assets Laurel Durkay, CFA, provides thoughts on 2023 REIT performance, current opportunities, and how REITs may benefit from secular themes driving demand for real estate.

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Insight Article  •  1-feb-2024

The Founder Advantage: Finding Alpha in Middle-Market Private Equity 

Aaron Sack, Patrick Whitehead
In the increasingly crowded private equity sector, we believe that the middle market can be a differentiated source of alpha—especially for companies with founder involvement. But we believe that generating alpha in the middle market requires a manager with specialized capabilities, a rigorous due diligence approach, and a proven playbook for creating value in the sector. Such expertise becomes even more crucial when partnering with entrepreneurs and business founders.

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Media Appearance  •  1-feb-2024

Listen to Laurel Durkay discuss the currently compelling REIT valuations 

Laurel Durkay
Listen to Laurel Durkay, CFA, Morgan Stanley Investment Management Head of Global Listed Real Assets, discuss the compelling valuations that REITs currently offer on the Nareit REIT Report Podcast.

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consilient-observer page
Consilient Observer  •  30-gen-2024

Increasing Returns: Identifying Forms of Increasing Returns and What Drives Them 

Michael Mauboussin, Dan Callahan
Understanding the five areas of micro and macroeconomics where increasing returns applies and show their relevance to investors.

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market-monitor page
Market Monitor  •  29-gen-2024

Credit Market Monitor – Q4 2023 

Multi-Asset Credit Team
Analysis of global credit markets and where we see future opportunities.

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Caron's Corner  •  29-gen-2024  •  6:10 Min

Un taglio dei tassi chiamato desiderio 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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global-equity-observer page
Global Equity Observer  •  29-gen-2024

“Nessuno sa niente”… tranne il mercato (o almeno così crede) 

Bruno Paulson
Dopo un anno apparentemente trascorso all’insegna del “nessuno sa niente”, iniziamo il 2024 con buone argomentazioni in favore sia della tesi ottimista sia di quella pessimista. E anche se non ci è dato di sapere con certezza se l’economia mondiale chiuderà su una nota triste o allegra, il mercato sta chiaramente scontando il prezzo di una nota allegra. Dati i multipli elevati, ciò crea un’asimmetria sfavorevole con margini di rialzo limitati, da un lato, e ampi margini di ribasso, dall’altro. Quando i mercati accusano un colpo, il trucco, come sempre, consiste nel tenersi aggrappati ai solidi rendimenti assoluti a lungo termine.

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Insight Video  •  29-gen-2024

Resilience Matters 

International Equity
Resilience is the ability to adapt and recover quickly from difficulties. Hear what resilience means to our International Equity Team and how their high quality investment approach identifies resilient companies.

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Media Appearance  •  22-gen-2024

Laurel Durkay on "Environmentally Focused Real Estate: Understanding the Investment Case," a FTSE Russell engagement via Citywire - Video 

Laurel Durkay
Head of Global Listed Real Assets Laurel Durkay, CFA, joined FTSE Russell’s Tony Campos, Head of Sustainable Investments Americas, and Ali Zaidi, Head of Real Assets Research, for a panel hosted by Citywire’s Ashley Lowe to discuss environmentally focused REITs and the role real estate investments can play in shaping a more sustainable future.

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Sustainable Investing  •  19-gen-2024

Fixed Income ESG Outlook 2024 

Barbara Calvi, Anuj Gulati, Rachel Smith
Despite a persistent challenging environment for fixed income investors, the Sustainable Bond market remained strong in 2023.

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Media Appearance  •  17-gen-2024

Lauren Hochfelder Discusses 2024 Commercial Real Estate Trends on Bloomberg Television 

Lauren Hochfelder
Lauren Hochfelder, Co-Chief Executive Officer for Morgan Stanley Real Estate Investing, appears on Bloomberg Television to discuss 2024 themes and trends in commercial real estate.

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PATH  •  16-gen-2024

Where do we go from here? 

Jim Caron
Our shift to a “Goldilocks” soft-landing view continues, supported by recent macro data releases, moderately slowing growth and rising confidence that inflation will move lower, allowing policy relief. Read why we believe this supports our view of maintaining positive equities.

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Annual  •  16-gen-2024

THE BEAT – I nostri sette temi chiave per il 2024 

In queste prime battute del 2024, il contesto di investimento è assai diverso da quello che si presentava all’inizio dell’anno scorso. L'inflazione sembra aver raggiunto il picco, i tassi d'interesse sembrano destinati a scendere e i portafogli bilanciati possono tornare a funzionare come previsto. A sostegno del Portfolio Solutions Group, il Capital Markets Group rivela i nostri sette temi chiave per il 2024.

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Insight Article  •  16-gen-2024

Digital (De)Dollarization? 

Andrew Peel, Digital Asset Markets
The U.S. dollar has been the prominent global currency for more than 80 years, but its dominance is coming under pressure in the face of evolving geopolitical shifts and increasing twin deficits in the United States. Digital assets such as bitcoin, stablecoins in addition to the promise of Central Bank Digital Currencies (CBDCs), have potential to significantly alter the currency landscape. These innovations, while still in their nascent stages, hold opportunities to both erode and reinforce the dollar’s hegemony in global finance, Andrew Peel of Digital Asset Markets explains.

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Global Fixed Income Bulletin  •  12-gen-2024

Per ora va, ma fino a quando? 

Broad Markets Fixed Income Team
La straordinaria performance segnata a dicembre dal mercato obbligazionario chiude in bellezza un anno di forti alti e bassi. Ora, però, inizia la parte più difficile. Il Team Broad Markets Fixed Income illustra la situazione.

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Market Monitor  •  9-gen-2024

Emerging Markets Debt Monitor – Q4 2023 

Emerging Markets Debt Team
In-depth review of fundamentals and valuations across emerging markets debt.

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Market Monitor  •  8-gen-2024

Floating-Rate Loan Market Monitor – Q4 2023 

Floating-Rate Loan Group
Insight on loan market fundamentals and the role of floating-rate loans within portfolios.

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Market Alert  •  5-gen-2024  •  5:59 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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Market Monitor  •  4-gen-2024

Market Monitor – January 2024 

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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Article Reprint  •  3-gen-2024

Look Ahead 2024: Re-, near-, and friend- shoring points to a different logistics market 

Lauren Hochfelder
In this article, originally published by PERE, Lauren Hochfelder, co-chief executive officer for Morgan Stanley Real Estate Investing, says logistics will remain a favorite asset class. But she predicts there will be less of a rising tide lifting all boats now.

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Caron's Corner  •  2-gen-2024  •  8:36 Min

Dopo l’anticipo dei rendimenti di fine anno, ci sarà un posticipo? Cosa tener d’occhio nel 2024. 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Global Equity Observer  •  28-dic-2023

GLP-1: il peso della speculazione 

Nic Sochovsky, Helena Miles
Gli agonisti del GLP-1 sono stati decretati gli innovatori nel trattamento dell’obesità e i produttori di questi farmaci gli immediati vincitori del mercato, mentre i titoli statunitensi dei settori medtech e alimentari/bevande, i vinti. Il team International Equity ritiene che gli impatti nel medio e lungo termine di questi sviluppi saranno probabilmente minimi e si mantiene ottimista sul loro effetto complessivo nei portafogli.

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Insight Article  •  28-dic-2023

The New Normal: Higher-for-longer is likely and risk has a cost in a new regime 

Aaron Dunn, Brad Galko
We are in a new regime where “higher-for-longer” is likely and risk has a cost. We believe a diversified allocation is essential in this increasingly unpredictable environment. Our value philosophy focuses on quality, leading companies that are mispriced or misunderstood by the market and are trading at a discount to their intrinsic value.

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2024-outlooks page
Prospettive 2024  •  21-dic-2023

Nel 2024 è atteso uno scenario positivo per il debito dei mercati emergenti 

Marshall Stocker, Kyle Lee
“Privilegiamo l’esposizione ai tassi d’interesse, alle valute e agli spread societari locali, mentre manteniamo una posizione più neutrale negli spread sovrani” spiega il team Emerging Markets Debt parlando delle prospettive per il 2024.

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Prospettive 2024  •  19-dic-2023

Prospettive per il 2024: Obbligazionario multisettoriale: il ritorno dell’obbligazionario core 

Vishal Khanduja, Brian Ellis
Scoprite perché il nostro team Broad Markets vede delinearsi un contesto interessante per i mercati obbligazionari nel 2024, nonostante i fattori macroeconomici in gioco siano molteplici.

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Caron's Corner  •  18-dic-2023  •  7:32 Min

E adesso quali opzioni abbiamo? Un posizionamento neutrale potrebbe essere il nuovo posizionamento difensivo. 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Alternatives  •  14-dic-2023

Lauren Hochfelder interviews for Bloomberg's "Wall Street Week" - Video 

Lauren Hochfelder
Watch Lauren Hochfelder on Bloomberg's "Wall Street Week" explain why she is so bullish on the commercial real estate sector heading into 2024.

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Consilient Observer  •  13-dic-2023

Pattern Recognition: Opportunities and Limits 

Michael Mauboussin, Dan Callahan
Explore the powers and perils of pattern recognition, which investors often credit. We define it, discuss when it works better, and offer ways to improve it.

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Insight Article  •  13-dic-2023

What’s Next For Fixed Income Markets 

Fixed Income Team
The post-pandemic surge in yields represents a paradigm shift that is reshaping opportunities and risks across the fixed income landscape.

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Video di approfondimento  •  12-dic-2023

Rivedi il webinar "Approfondimento sul mercato obbligazionario e degli ABS" 

Richard Ford, Gregory Finck
Abbiamo parlato delle prospettive sulle obbligazioni globali e in particolare abbiamo approfondito il settore degli Asset Backed Securities, titoli garantiti da attività finanziarie o reali sottostanti.

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Takeaways & Key Expectations  •  12-dic-2023

Equity Market Commentary - December 2023 

Andrew Slimmon
In his December TAKE, Senior Portfolio Manager Andrew Slimmon shares a few lessons from 2023.

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Caron's Corner  •  11-dic-2023  •  5:39 Min

La Fed sta facendo una checklist per capire se il tasso di riferimento che intende adottare sarà giusto o sbagliato 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Insight Article  •  11-dic-2023

Perception Versus Reality in Listed Real Estate: More Than Meets the Eye 

Laurel Durkay
Commercial real estate has been navigating rising interest rates, macroeconomic uncertainty and stubborn inflation. In some cases, changes in how we live, work, and play are exacerbating problems. Yet we believe some macroeconomic dynamics are improving and there are opportunities in commercial real estate for investors who are willing to look more closely.

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2024-outlooks page
Prospettive 2024  •  10-dic-2023

Prospettive per il 2024: Azionario globale "Keep Calm & Carry On" 

Counterpoint Global, Manas Gautam
Sebbene le condizioni di mercato e gli eventi macro cambino da un anno all’altro, il nostro team Global Equity si concentra sui fondamentali societari. Scoprite perché nutre ottimismo per il 2024.

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Prospettive 2024  •  6-dic-2023

Opportunità di investimento guardando oltre l'hype con i titoli azionari di alta qualità  

William Lock and Bruno Paulson
"Le aziende di altissima qualità, dotate di un management competente e di forti attività immateriali come marchi, brevetti e reti, mantengono i propri clienti e i margini nei periodi di contrazione dei mercati” sostiene il team International Equity nelle sue prospettive per il 2024."

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Market Monitor  •  5-dic-2023

Market Monitor – December 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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Caron's Corner  •  4-dic-2023  •  6:27 Min

Si prevedono rendimenti "noiosi": nel 2024 tornerà l'equilibrio 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Global Fixed Income Bulletin  •  30-nov-2023

Colpo di frusta! 

Fixed Income Team
Novembre è stato un mese storico per il mercato obbligazionario. La domanda è: cosa succederà ora?

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Global Equity Observer  •  27-nov-2023

Retribuzione dei dirigenti: “Mostrami l’incentivo e ti mostrerò il risultato” 

Bruno Paulson
In qualità di investitori di lungo periodo, vogliamo che i piani retributivi delle società in portafoglio promuovano una visione a più lungo termine anziché l’opportunismo di breve termine. Privilegiamo i piani di incentivazione che allineano gli obiettivi agli interessi degli azionisti e che sono articolati su obiettivi ragionati e disciplinati, basati sulla performance. Prendiamo molto sul serio il processo retributivo, come dimostrano il nostro sistema di punteggio proprietario Pay X-Ray e i nostri principi consolidati, frutto di 20 anni di colloqui con le società sulla retribuzione dei dirigenti.

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Caron's Corner  •  20-nov-2023  •  6:07 Min

2024: “non chiamatela rimonta” 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager e Co-Chief Investment Officer, Global Balanced Risk Control Team, illustra i suoi giudizi tematici macro sui principali fattori di sostegno dei mercati.

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Tales From the Emerging World  •  17-nov-2023

Oil: Unrestrained, Underappreciated and Underinvested 

Jitania Kandhari, Amol Rajesh
Despite growth in EV sales, oil demand has continued to increase over the past decade. With increased supply discipline and very attractive shareholder returns, we see a compelling outlook for oil prices and energy equities, Jitania Kandhari and Amol Rajesh of the Emerging Markets Equity Team explain.

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alternatives page
Alternatives  •  16-nov-2023

An Update on Global Listed Infrastructure 

Global Listed Infrastructure Team
The long and short term outlook for global listed infrastructure (GLI) appears strong. GLI could benefit from a recessionary environment, as it has a history of outperforming global equities in challenging economic periods. Furthermore low volatility of earnings, stable cash flows and higher income component relative to global equities continue to be the key elements of the asset class. The MSIM Global Listed Infrastructure Team explores.

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sustainable-investing page
Sustainable Investing  •  16-nov-2023

Cutting Through Labels’ Noise in the Sustainable Bond Market: The Merits of a Research-Driven Framework 

Fixed Income Team
The Fixed Income team actively engages with Green Bond market players to promote robust sustainable financing frameworks that help effectively catalyse capital towards environmentally and socially impactful projects, transparent disclosures, and reporting.