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big-picture page
The Big Picture  •  2-feb-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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Caron's Corner  •  1-feb-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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Caron's Corner  •  30-gen-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  •  26-gen-2023

I multipli sono scomparsi. Sarà il turno degli utili? 

Bruno Paulson
Nonostante si preveda una recessione, le stime sugli utili prospettici rimangono straordinariamente solide. Bruno Paulson si chiede se il futuro non riserberà delle sorprese negative per gli utili.

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Sustainable Investing  •  25-gen-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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Insight Article  •  25-gen-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-gen-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-gen-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-gen-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-gen-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-gen-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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Insight Video  •  6-gen-2023

2023: Rebalancing in a Year of Transition - Video 

Jim Caron
Jim Caron, co-chief investment officer of the Global Balanced Risk Control team, shares his views on markets and discusses portfolio positioning.

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Takeaways & Key Expectations  •  6-gen-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  •  5-gen-2023

Anno di transizione per i mercati dell’energia 

Andrew Harmstone, Manfred Hui
Ci aspettiamo un anno di transizione per l'energia, con un aumento dei prezzi del petrolio e del gas e conseguente ribilanciamento del mercato dopo le disfunzioni dello scorso anno. Le dinamiche energetiche sono determinanti in ottica di inflazione, dalla quale dipende, con tutta probabilità, la performance degli attivi nel 2023.

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Global Fixed Income Bulletin  •  31-dic-2022

2022: Arrivederci, addio, amen! 

Global Fixed Income Team
L’inizio del 2023 definisce un contesto più solido e sicuro per il mercato obbligazionario. I rendimenti sono sensibilmente più elevati e gli spread si sono ampliati, lasciando presagire una migliore performance per il 2023. Lo spiega il team Fixed Income.

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Global Equity Observer  •  23-dic-2022

Quando il denaro non è gratis 

Anton Kryachok
Poiché un più alto livello dei tassi d’interesse rende più difficile pianificare una crescita per mezzo del debito, crediamo che il valore relativo delle imprese in grado di crescere in modo organico possa solo aumentare. Scopri come il posizionamento ottimale delle società presenti nei nostri portafogli consenta loro di sfruttare la resilienza di bilancio per migliorare la posizione competitiva, rendere la redditività del capitale operativo impiegato più sostenibile e promuovere una crescita stabile e prevedibile.

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big-picture page
The Big Picture  •  21-dic-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-dic-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-dic-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  •  15-dic-2022

Un regalo per le feste in anticipo 

Global Fixed Income Team
Saranno i dati a stabilire se il rally obbligazionario di novembre sarà in grado di proseguire o meno la sua corsa. Nel frattempo, il team Fixed Income ritiene che gli investitori debbano godersi questo regalo per le feste anticipato.

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Video di approfondimento  •  15-dic-2022

Rivedi il webinar del 15 dicembre "MSIM Web-InvestmentFocus: Uno sguardo al debito dei mercati emergenti" 

Marshall Stocker, Matt Murphy
Siamo giunti all’ultimo webinar del 2022! Guarda il replay dell’evento, nel corso del quale Matt Murphy e Marshall Stocker hanno analizzato le prospettive per gli investimenti nel debito dei mercati emergenti e i diversi fattori di rischio che caratterizzano l’asset class, concentrandosi in particolare sul comparto Emerging Markets Fixed Income Opportunities.

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2023 Outlooks  •  14-dic-2022

2023 Prospettive di investimento 

Morgan Stanley Investment Management
Nelle nostre prospettive sul 2023, gli esperti nelle strategie macroeconomiche e i gestori degli investimenti in azioni, obbligazioni e classi di attivo alternative condividono i propri diversi punti di vista su alcuni temi chiave, sulla direzione in cui ritengono che i mercati siano avviati dopo un anno turbolento e sul posizionamento delle rispettive strategie.

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Caron's Corner  •  14-dic-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-dic-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 page
Sustainable Investing  •  12-dic-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-dic-2022

Engage Autumn 2022 

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

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Caron's Corner  •  12-dic-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-dic-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-dic-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-dic-2022

Un mercato del lavoro relativamente resiliente nei paesi sviluppati, nonostante il rallentamento della crescita 

Andrew Harmstone, Manfred Hui
Lo squilibrio del mercato del lavoro statunitense post-Covid sembra essere entrato in una fase di normalizzazione. Per contro, il mercato del lavoro europeo sembra essersi contratto dopo che l'aumento degli stipendi ha alzato il rischio di persistenza dell'inflazione core. Illustriamo tali dinamiche e cosa significano per la crescita e il posizionamento.

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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

La superiorità del premium price sul private label 

Nic Sochovsky, Alistair Corden-Lloyd
Nell'attuale clima di rialzo dei prezzi e di aumento del costo della vita a livello globale, i maggiori brand devono affrontare il rischio di una riduzione degli acquisti da parte dei consumatori? Il team International Equity illustra perché è importante la percezione dei prezzi e perchè gli incentivi di prezzo hanno il potere di influenzare i processi decisionali.

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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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Sustainable Investing  •  24-nov-2022  •  55:43 Min

Rivedi il webinar del 24 novembre "La nuova era degli investimenti responsabili" 

John Streur, Anthony Eames
Nel corso dell’evento “La nuova era degli investimenti responsabili” abbiamo avuto il piacere di introdurre le nuove strategie di investimento responsabili e sostenibili gestite da Calvert, da 40 anni pioniere negli investimenti ESG, e disponibili nella gamma di fondi di Morgan Stanley Investment Management a seguito dell’unione con Eaton Vance. Scopri la filosofia di Calvert e le soluzioni presentate da John Streur e Anthony Eames.

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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

Frastornati e confusi 

Global Fixed Income Team
La situazione sui mercati obbligazionari è stata un po' più ordinata nel mese di ottobre rispetto alla confusione che ha caratterizzato settembre. Detto ciò, la performance dei mercati è rimasta eterogenea e gli investitori hanno avuto ragione di sentirsi frastornati e confusi in relazione alla volatilità, alla dispersione dei rendimenti, alla scarsa liquidità, alle politiche delle banche centrali e alla necessità di determinare il valore.

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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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Insight Article  •  9-nov-2022

Morgan Stanley's Markle Sees Co-Investment Silver Lining in Slower Market 

Neha Markle
In this piece originally published by the Wall Street Journal Pro, Neha Champaneria Markle, head of private- markets fund-of-funds investing, says slowing deal making and rising debt costs can benefit co-investors like Morgan Stanley.

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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

Inflazione dei servizi: Il principale ostacolo ad ulteriori rialzi del mercato 

Andrew Harmstone, Manfred Hui
Dato che le difficoltà delle filiere produttive si sono ridotte e l’inflazione dei beni va normalizzandosi, molti si aspettano un calo dell’inflazione statunitense. Nel settore dei servizi, tuttavia, le pressioni rimangono elevate a causa di un mercato del lavoro saturo. Ecco come il perdurare di un contesto sfavorevole influenza il nostro posizionamento.

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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-ott-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.

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Global Equity Observer  •  31-ott-2022

Superpoteri alla riscossa? 

Bruno Paulson
Se l’attuale congiuntura favorevole per le aziende si trasformerà in negativa, il team International Equity ritiene che sarà fondamentale puntare sul potere di determinazione dei prezzi e sulla capacità di generare ricavi ricorrenti. Ce ne parla Bruno Paulson.

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Caron's Corner  •  31-ott-2022  •  13:26 Min

2023: A Year of Long and Variable Lags 

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

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Video di approfondimento  •  27-ott-2022  •  55:43 Min

Rivedi il webinar del 27 ottobre "Web-InvestmentFocus: Recessione, inflazione e rischi geopolitici" 

Jim Caron
In questo appuntamento, Domenico Siniscalco ha analizzato l’attuale contesto geopolitico. Jim Caron si è concentrato sulle prospettive per il mercato obbligazionario globale.

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Global Fixed Income Bulletin  •  27-ott-2022

Il ritorno del reddito nell’obbligazionario 

Global Fixed Income Team
A settembre, il mercato obbligazionario ha continuato a perdere terreno, e ciò avrebbe avuto delle conseguenze peggiori se non vi fosse stato il forte recupero degli ultimi tre giorni del mese. Il Team Fixed Income condivide le sue riflessioni.

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Media Appearance  •  24-ott-2022  •  26:19 Min

Morgan Stanley Real Estate Investing Co-CEO Lauren Hochfelder on Bisnow Reports 

Lauren Hochfelder
Lauren Hochfelder participated in a podcast on Bisnow discussing the macroeconomic environment, the shifts in Morgan Stanley’s real estate portfolio since the Global Financial Crisis and how the real estate industry as a whole may have to change the way it makes money.

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Articolo di approfondimento  •  21-ott-2022

Il cambiamento climatico è arrivato… e lo è anche la necessità di estendere le pratiche di sostenibilità nel settore immobiliare. 

Laurel Durkay, Mona Benisi
Il team MSIM Global Listed Real Assets illustra i motivi per i quali investire in modo sostenibile è importante nel settore immobiliare, indica coloro i quali stabiliscono le priorità in materia di sostenibilità, definisce il modo in cui integriamo i fattori ESG nell’investimento immobiliare e infine descrive l’evoluzione delle tendenze in materia di sostenibilità.

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Insight Article  •  20-ott-2022

Managing Inflation Risk through Improved Portfolio Optimization 

Portfolio Solutions Group
For sophisticated investors seeking to manage inflation and growth surprises, a refined portfolio approach that optimizes inflation hedging and incorporates investor preferences may be particularly effective.

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Investment Insight  •  20-ott-2022

Where to Next: A Framework for Resilience 

AIP Private Markets Team
The AIP Private Markets team highlights their framework for selecting resilient companies with strong value creation prospects.

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Insight Article  •  18-ott-2022

Growth vs. Value: Interest Rates as a Driver of Style-Relative Performance 

Portfolio Solutions Group
The Portfolio Solutions Group offers their perspective on interest-rate shifts as a driver of both performance and valuation differentials between Growth and Value equity styles.

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Caron's Corner  •  17-ott-2022  •  11:12 Min

Are We There Yet? No! But Not All the News Is Bad 

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  •  13-ott-2022

Alternative Lending Through the Cycle 

Kenneth Michlitsch
As fintech alternative lending grew into a new asset class, investors wondered how these loans might perform in an economic downturn. We've now seen their fundamental resilience.

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Caron's Corner  •  10-ott-2022  •  11:27 Min

R.I.P. Cycle, Part 3: Markets, Meet Your (Policy) Maker 

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

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Takeaways & Key Expectations  •  10-ott-2022

Equity Market Commentary - October 2022 

Andrew Slimmon
Senior portfolio manager Andrew Slimmon posits there is a greater than 50% chance that the S&P 500 has already hit the low for 2022 and the economy will prove to be more resilient than the bears predict. In his October TAKE, Andrew offers compelling reasons for this call, as well as some arguments against.

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PATH  •  6-ott-2022

Crisi energetica: L’importanza di un corretto posizionamento 

Andrew Harmstone, Manfred Hui
La crisi energetica sta causando impatti diversi sui paesi importatori ed esportatori netti di energia. In questo articolo analizziamo le relative conseguenze per le valute, il comparto obbligazionario e il posizionamento tattico.

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Consilient Observer  •  6-ott-2022

Return on Invested Capital 

Michael Mauboussin, Dan Callahan
We discuss how to calculate return on invested capital (ROIC) and show how it is connected to free cash flow, economic profit, and growth. We work through the challenges in estimating it, present empirical data, review how adjusting for intangible investments can reshape the figures, and include a case study.

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Caron's Corner  •  3-ott-2022  •  6:30 Min

The R.I.P. Cycle, Part 2: Credit 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  •  1-ott-2022

Biodiversity Loss and the Implications for Investors 

Andrew Harmstone, Li Zhang, Chiara Sirani
With society at large reliant on natural resources, biodiversity loss can have a devastating social and economic cost. Companies across many sectors are at risk. The Global Balanced Risk Control team discusses why investors should pay attention to companies’ impact on biodiversity loss and what they can do to drive positive change.

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Articolo di approfondimento  •  30-set-2022

La ricerca del reddito Reddito, nel modo giusto 

Richard Perrott, Bruno Paulson
Quali sono le fonti affidabili di reddito per gli investitori nel contesto attuale di mercato? L’analisi del team International Equity.

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Tales From the Emerging World  •  29-set-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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Insight Article  •  28-set-2022

Earnings Era: Future Performance in Private Equity  

TJ Halbertsma, Patrick Reid, Andreas Esau
The current critical markets juncture means that investors allocating to private equity are faced with crucial considerations when evaluating opportunities. In this paper, we discuss the key factors to examine and the characteristics to look for in a manager.

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Media Appearance  •  27-set-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-set-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-set-2022

Accesso attivo 

Bruno Paulson, Laura Bottega
In un modo dove resilienza e potere di determinazione dei prezzi acquistano sempre più importanza per far fronte agli aumenti dei tassi di interesse, all’inflazione, alla regolamentazione e alla crisi energetica, il Team International Equity spiega perché un approccio attivo sia più importante che mai.

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Caron's Corner  •  26-set-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-set-2022

Un duro risveglio 

Global Fixed Income Team
Agosto ha messo fine al flirt estivo con le speranze riposte in un mercato rialzista. Dopo i forti recuperi di luglio, i mercati obbligazionari hanno perso nuovamente quota ad agosto, producendo performance fortemente negative. Tassi, spread e azioni non sono (almeno per ora) tornati al picco di giugno.

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Market Pulse  •  21-set-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-set-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-set-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-set-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-set-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-set-2022

La soluzione non è facile 

Andrew Harmstone, Manfred Hui
Le banche centrali si trovano di fronte a un dilemma: cercare di controllare l’inflazione senza spingere l’economia in una recessione. Il team Global Balanced Risk Control discute delle implicazioni di investimento e del posizionamento tattico per muoversi nel difficile contesto attuale.

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Market Alert  •  7-set-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-set-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-set-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-ago-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-ago-2022

Oh no, fa troppo caldo. Anzi, no, fa troppo freddo! Anzi, no, fa troppo caldo! 

Global Fixed Income Team
Dopo un pessimo mese di giugno, a luglio i mercati obbligazionari e creditizi hanno drasticamente invertito la rotta, generando un’eccezionale performance e mettendo a segno rendimenti mensili positivi per la prima volta da inizio anno. Il Team Fixed Income condivide le sue riflessioni.

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Takeaways & Key Expectations  •  24-ago-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-ago-2022

Voto per delega – La “spinta dolce” al progresso 

Vladimir Demine, Candida de Silva
Il voto per delega è sia un privilegio che una responsabilità. Il voto per delega è un argomento a cui il management e il consiglio di amministrazione delle società presta sempre maggiore attenzione. Vladimir Demine approfondisce il ruolo del voto nel migliorare i rendimenti degli investimenti a lungo termine e i problemi che devono ancora essere risolti per renderlo efficace.

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The Big Picture  •  22-ago-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-ago-2022

Rally da mercato ribassista? 

Andrew Harmstone, Manfred Hui
Gli indicatori segnalano che il recente rally dei mercati sviluppati potrebbe semplicemente rappresentare un recupero nel contesto di mercato ribassista, implicando potenziali ulteriori ribassi. Ecco l’opinione del team GBaR riguardo l’allocazione di portafoglio per rispecchiare queste prospettive.

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Resilience  •  8-ago-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-ago-2022  •  11:29 Min