Insights
2024 Sustainability Report
Other Insights
The New Powell Doctrine
In the 1990-1991 Gulf War, General Colin Powell, later Secretary of State, formulated a doctrine based on the principal that the US military would only be committed to war when the forces deployed are overwhelming and public support for the mission is widespread.
Growth and Income Investing in Emerging Markets – The Trend Continues
Since the start of the millennium, emerging market companies paying high and growing dividends have significantly outperformed the asset class. Over this time, almost half of the total return from Emerging Market equities (EM equities) has come from dividends. The MSCI EM price index has risen by around 60% in USD, while the total return index has risen by about 115%.
Learn more Growth and Income Investing in Emerging Markets – The Trend Continues
CNY and the 10-Year Treasury Alert; Value vs. Growth
Trade war rhetoric remains hot, and while certain notable risk indicators have cooled – the VIX has receded in recent days as stocks have gained some footing – others are pushing steadily towards key levels:
Learn more CNY and the 10-Year Treasury Alert; Value vs. Growth
Are FX Markets Signaling it’s Going to be OK?
Are currency markets sounding the all clear this morning? It’s early to truly make a call, but interesting signals are developing.
Worry Indicators are Rising
Let’s start with the good news: while many worry indicators are rising today, along with the decline in stocks, the US dollar is weaker. It will be hard to declare if a risk-off environment has fully gripped the markets without a meaningful surge in the safe-haven dollar, which is well off its recent highs.
Strategy Commentaries
Please note that strategy commentaries can now be found on their respective strategy pages under Documents.
Equity strategies
Fixed Income strategies