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market-pulse page
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 page
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

No Easy Fix 

Andrew Harmstone, Manfred Hui
The conundrum faced by central banks continues as they seek to control inflation, at the risk of pushing economies into recession. The Global Balanced Risk Control team discuss the investment implications and tactical allocations to navigate this complex environment.

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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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Insight Video  •  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, it’s too hot, no wait, it’s too cold, no, it’s actually too hot! 

Global Fixed Income Team
After a horrendous June, bond and credit markets reversed course dramatically in July, generating exceptionally strong performance while also being the first positive return month of the year! The Fixed Income team shares its thoughts.

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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 page
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

Are Conflicting Data Points Foreshadowing or Forestalling a Downturn? 

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

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Insight Article  •  4-ago-2022

MSIM Forward for July 2022 

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

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Tales From the Emerging World  •  2-ago-2022

Emerging India in a Multipolar World 

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

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Insight Article  •  1-ago-2022

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

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

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Caron's Corner  •  1-ago-2022  •  16:00 Min

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

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

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sustainable-investing page
Sustainable Investing  •  31-lug-2022

Energy at a Crossroads - Key Considerations 

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

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sustainable-investing page
Sustainable Investing  •  31-lug-2022

Energy at a Crossroads 

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

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Market Alert  •  29-lug-2022  •  2:38 Min

Market Alert with Andrew Slimmon 

Andrew Slimmon
Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

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Caron's Corner  •  27-lug-2022  •  9:41 Min

The Fed Remains Unapologetically Hawkish - but the Market Jumps? 

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

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EDGE  •  27-lug-2022

Psychedelics 

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

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Global Equity Observer  •  26-lug-2022

I mercati scendono, ma non gli utili… per adesso  

Bruno Paulson
Dopo il peggior inizio anno in più di 50 anni, gli utili del mercato appaiono estremamente vulnerabili, alla luce dell’attuale livello elevato e della probabile decelerazione economica. In questo contesto macroeconomico incerto, il team International Equity spiega come mantenere solido il portafoglio.

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Caron's Corner  •  25-lug-2022  •  8:35 Min

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

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

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Global Fixed Income Bulletin  •  22-lug-2022

Che mese, che trimestre e che anno! 

Global Fixed Income Team
Da inizio anno e nel mese di giugno i mercati finanziari hanno archiviato una performance negativa senza precedenti. Il team Global Fixed Income condivide alcune riflessioni.

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Insight Article  •  22-lug-2022

Investing in Startups Founded by Women and Multicultural Entrepreneurs 

Morgan Stanley Next Level
As part of its ongoing commitment to advance racial and economic equity, Morgan Stanley’s new Next Level Fund invests in early-stage technology companies with women and diverse members on the founding teams.

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Consilient Observer  •  20-lug-2022

Good Losses, Bad Losses 

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

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Caron's Corner  •  18-lug-2022  •  9:33 Min

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

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

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sustainable-investing page
Sustainable Investing  •  14-lug-2022

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

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

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sustainable-investing convergence page
Convergence  •  12-lug-2022

Crypto & Carbon 

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

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Caron's Corner  •  11-lug-2022  •  14:13 Min

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

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

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Insight Article  •  7-lug-2022

How Multi-Manager Platforms Find Strength in Numbers 

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

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Insight Video  •  6-lug-2022

Emerging Markets Leaders Focus: Digitalization - Video 

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

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PATH  •  6-lug-2022

Banche centrali: uno stallo autoinflitto? 

Andrew Harmstone, Manfred Hui
A fronte di un’inflazione persistentemente elevata, le banche centrali potrebbero ricorrere ad un ulteriore inasprimento delle politiche mentre la crescita rallenta. Il team Global Balanced Risk Control condivide la propria asset allocation ottimale volta a superare questo periodo turbolento.

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Insight Article  •  6-lug-2022

An Introduction to Alternative Lending 

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

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Caron's Corner  •  5-lug-2022  •  13:18 Min

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

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

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Articolo di approfondimento  •  30-giu-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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Insight Article  •  29-giu-2022

Why REITs? And Why Now? 

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

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Global Equity Observer  •  28-giu-2022

Shrinkflation 

Bruno Paulson, Laura Bottega
Se vi sembra che i rotoloni da cucina si stiano assottigliando e le lattine delle bibite rimpicciolendo, state probabilmente assistendo al fenomeno della cosiddetta “shrinkflation”. Il team International Equity esplora le conseguenze dell’inflazione e spiega perché questo sia considerato un buon momento per investire nei compounder di qualità.

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Caron's Corner  •  27-giu-2022  •  10:13 Min

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

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

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Tales From the Emerging World  •  23-giu-2022

Saudi Arabia, More Than Just an Oil Story  

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

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Market Pulse  •  23-giu-2022

The Fed Cannot Contain Inflation Alone – Fiscal Policy Is Required 

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

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Caron's Corner  •  21-giu-2022  •  9:46 Min

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

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

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Global Fixed Income Bulletin  •  21-giu-2022

Timori e speranze: atterraggi duri e morbidi a confronto 

Global Fixed Income Team
I mercati hanno continuato a risentire dell’elevata volatilità dovuta ai crescenti timori di recessione e inflazione. Nel mese, caratterizzato da un andamento altalenante, le diverse categorie di investimento hanno messo a segno performance decisamente contrastanti. Le riflessioni del Team Global Fixed Income.

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Market Alert  •  21-giu-2022  •  6:41 Min

Market Alert with Andrew Slimmon 

Andrew Slimmon
Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

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Calvert  •  15-giu-2022

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

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

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Consilient Observer  •  15-giu-2022

New Business Boom and Bust 

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

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Caron's Corner  •  6-giu-2022  •  14:11 Min

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

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

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Engagement Report  •  6-giu-2022

Engage Primavera 2022 

Marte Borhaug
L’ultima edizione di Engage, l’aggiornamento semestrale del team International Equity sulla sua attività di coinvolgimento attivo in relazione alle tematiche ESG.

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PATH  •  6-giu-2022

Destreggiarsi nell’evoluzione delle correlazioni 

Andrew Harmstone, Manfred Hui
Malgrado il difficile clima economico generale, intravediamo alcune opportunità, in particolare nell’ambito obbligazionario.

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Tales From the Emerging World  •  2-giu-2022

The Nuclear Revival 

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

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Caron's Corner  •  31-mag-2022  •  12:10 Min

The Turning Point - or a Bear Market Rally? 

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

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Global Fixed Income Bulletin  •  30-mag-2022

Annus horribilis 

Global Fixed Income Team
Sebbene numerosi problemi a livello mondiale possano essere imputati al conflitto tra Russia e Ucraina, questa crisi non rappresenta più la determinante principale dei rendimenti di mercato. Il motivo dello sfacelo di aprile? Inflazione, inflazione e inflazione! Il team Global Fixed Income condivide le sue riflessioni.

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Insight Article  •  25-mag-2022

"Undiscovered" Secondary Markets 

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

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sustainable-investing page
Sustainable Investing  •  24-mag-2022

Il riflettore della sostenibilità puntato sul lato più scuro delle Big Tech 

Andrew Harmstone, Li Zhang, Kian Masters, Christian Goldsmith
Il team Global Balanced Risk Control illustra le potenziali conseguenze sociali del data mining pervasivo e la possibilità che questa pratica si trasformi in un problema per le “Big Tech”.

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global-equity-observer page
Global Equity Observer  •  18-mag-2022

Un passo avanti, due indietro 

Helena Miles
I progressi compiuti nello sviluppo e nell’offerta della medicina personalizzata sono stati enormi, ma sono sufficienti a sostenere il potenziale di compounding delle società di alta qualità? Helena Miles del team International Equity approfondisce il tema.

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Sustainable Investing  •  17-mag-2022

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

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

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Caron's Corner  •  16-mag-2022  •  9:28 Min

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

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

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Calvert  •  13-mag-2022

Addressing the Gender Power Imbalance in the Executive Suite 

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

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Insight Article  •  12-mag-2022

The Path to Gender Diversity 

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

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Consilient Observer  •  10-mag-2022

Wealth Transfers 

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

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Caron's Corner  •  9-mag-2022  •  08:32 Min

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

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

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Caron's Corner  •  2-mag-2022  •  11:00 Min

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

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

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PATH  •  2-mag-2022

Individuare delle opportunità in un orizzonte tutt’altro che roseo 

Andrew Harmstone, Manfred Hui
Analizziamo le implicazioni per gli investimenti e le nostre posizioni tattiche in uno scenario di inasprimento della politica monetaria.

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Convergence  •  30-apr-2022

Culture Quant Framework 

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

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Global Fixed Income Bulletin  •  27-apr-2022

Un piccolo passo per i tassi di interesse, ma un grande balzo per le politiche monetarie 

Investment Grade Credit Team, Securitized Team, High Yield Team, Global Fixed Income Team, Agency MBS Team, Emerging Markets Debt Team, Floating-Rate Loans Team, Multi-Sector Fixed Income Team
Marzo è stato un altro mese difficile per i mercati finanziari, a conclusione di uno dei peggiori trimestri registrati dagli anni ’80 del secolo scorso. Di fatto, i mercati non ci hanno messo molto a comprendere le implicazioni inflazionistiche/stagflazionistiche della guerra e le conseguenti sanzioni contro la Russia. Il Team Global Fixed Income condivide le sue riflessioni.

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Caron's Corner  •  25-apr-2022  •  9:59 Min

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

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

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Global Equity Observer  •  25-apr-2022

Diversità – Le domande più difficili 

Bruno Paulson, Marte Borhaug, Alistair Corden-Llyod
In tutto il mondo, gli stakeholder, tra cui il Team International Equity, chiedono alle aziende una maggiore trasparenza e l’assunzione di una maggiore responsabilità sui temi della diversità, dell’equità e dell’inclusione. L’analisi del team.

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Calvert  •  20-apr-2022

How Accounting for Impact Can Deliver the Real Value of ESG 

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

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Sustainable Investing  •  20-apr-2022

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

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

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Caron's Corner  •  18-apr-2022  •  11:50 Min

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

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

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Emerging Markets Leaders Focus  •  15-apr-2022

Emerging Markets Leaders Focus: Digitalization  

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

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Opportunity Optimum  •  14-apr-2022

Opportunity Optimum 

Kristian Heugh, Marc Fox, Emily Tsui
Benvenuti in Opportunity Optimum, una serie di articoli in cui il team Global Opportunity spiega come e dove trovare le migliori opportunità di investimento a livello globale.

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Insight Article  •  13-apr-2022

An Evolving Private Markets Landscape 

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

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Engagement Report  •  12-apr-2022

Emerging Markets ESG and Sustainability - 2022 Report 

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

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Consilient Observer  •  12-apr-2022

Intangibles and Earnings 

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

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Tales From the Emerging World  •  7-apr-2022

The Beijing Put — Stemming The Downward Spiral 

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

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Caron's Corner  •  4-apr-2022  •  10:22 Min

The Next Recession: Over the Hills and Far Away, or Right Around the Corner? 

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

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PATH  •  1-apr-2022

Gestione dei portafogli in un mondo dominato dall’inflazione 

Andrew Harmstone, Manfred Hui
I ribassi di quest’anno sembrano essere stati guidati dal sentiment più che da una riduzione degli utili. Sia il conflitto Russia-Ucraina che i rinnovati lockdown della Cina hanno esercitato un’ulteriore pressione al rialzo sull'inflazione e al ribasso sulla crescita. Il rischio che i mercati possano subire un ulteriore ribasso.

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Caron's Corner  •  28-mar-2022  •  11:05 Min

How High Can Yields Go Before Something Breaks? 

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

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Global Fixed Income Bulletin  •  23-mar-2022

Destreggiarsi nella nebbia della guerra 

Investment Grade Credit Team, Securitized Team, High Yield Team, Global Fixed Income Team, Agency MBS Team, Emerging Markets Debt Team, Floating-Rate Loans Team, Multi-Sector Fixed Income Team
Le preoccupazioni dei mercati finanziari legate al Covid 19 sono state rimpiazzate da quelle causate dall’invasione russa dell’Ucraina. Il Team Global Fixed Income condivide le sue riflessioni.

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Global Equity Observer  •  21-mar-2022

Investire in un mondo dominato dall'incertezza  

Bruno Paulson
In un mondo profondamente dominato dall’incertezza, riteniamo che limitarla detenendo un portafoglio di compounder relativamente prevedibili sia la cosa giusta da fare. Ce ne parla Bruno Paulson.

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Caron's Corner  •  21-mar-2022  •  9:59 Min

Is Fed Tightening Negative for Markets? The Answer May Surprise You. 

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

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Consilient Observer  •  16-mar-2022

Feedback 

Michael Mauboussin, Dan Callahan
Continuous process improvement is essential to achieving outstanding long-term outcomes. Receiving timely and accurate feedback—information used as a basis for improvement—can enhance the process and make you a better forecaster. We discuss multiple facets of process improvement, including getting the right people and helping them thrive, the role of organizational structure in fostering good decision making, and specific mechanisms to sharpen execution. We draw on principles from other fields but focus primarily on the investment management industry.

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Caron's Corner  •  16-mar-2022  •  5:30 Min

The Fed Ignores the Downside Risk and Delivers a Hawkish Surprise 

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

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The Big Picture  •  16-mar-2022

The Big Picture: Key Themes for 2022 

Jitania Kandhari
Jitania Kandhari, Head of Macro and Thematic Research for the Emerging Markets Equity team, unveils her Key Themes for 2022.