Sharing our convictions

Financial return and positive impact are equally important in impact investing – but so is measurement.

Eoin Walsh shares his thoughts following last night's statement from the Federal Reserve, concluding that for now while treasury yields aren’t helping, credit looks attractive based on the rosy economic forecasts.

After a multi-decade era of significant economic growth, China is now the second largest global economy and dominant in the MSCI emerging market index. How should emerging market equities investors balance this with the potential implications of recent economic and political moves out of Beijing and shifting demographic patterns?

We reap what we sow: the “double dividend” concept seeks to offer financial returns and a better tomorrow

Last week’s inflation data revealed the economy’s vulnerability towards the vagaries of inflation. Services CPI remained stubborn and oil price gains fired up headline numbers again. While a second wave remains a possibility, even more pressing is a required adjustment by investors to the reality of a non-linear inflation decline coupled with slower growth that could last until 2025.

In the continuing tale of recessions, the three scenarios of no landing, hard landing, and soft landing call for finding just the right temperature, much like Goldilocks finally discovering the third bowl of the three bears’ porridge, which was neither too hot nor too cold, but just right. Which one would be the best outcome for investors? Read more in the latest Investors’ Outlook.

The Fixed Income Boutique’s emerging market debt franchise turns 10 this year. To celebrate this impressive milestone, our team leaders – Simon Lue-Fong, Luc D’hooge and Wouter van Overfelt – reflect on the past decade in emerging market bonds, make the case for active investing and look ahead to the next ten years.

Felipe Villarroel takes a look at what progress, if any, has been made in the labour market and how this resonates with the Fed's projection of labour markets easing while not experiencing a major disruption.

Markets experienced a setback in August 2023 as rate expectations for 2024 and 2025 rose, driven by reduced recession risks and inflation worries from fiscal stimulus and debt. Concerns about contagion from Chinese real estate developers in the banking system seem exaggerated. Our models remain constructive on equities.

Clean and safe water is essential to human survival. A key building block of our world, it’s also at the center of many global challenges. World Water Week draws attention to the need for innovation at a time of unprecedented challenges.

Inflation and interest rates still wrestle over the fate of the economy. Meanwhile, equities have had a pretty good run so far this year. However, when commodity prices started climbing earlier this summer, they had to give up some of the gains revealing underlying uneasiness over the trajectory of inflation and the economy.

After a difficult 2022, bonds may be poised for unusually high returns compared to historic averages. And not just in the US -- we see opportunities in European CLOs and RMBS. They offer double digit yields for short-dated debt and look very attractive on a relative value basis compared to domestic credit.