The global economy is finding new engines of growth in the developed markets. U.K. policy mix has improved In the United Kingdom, we see a balance of fiscal retrenchment and stimulative monetary policy, which is lending support to key sectors … Continue reading
While we believe risks in global markets are not trivial, when we review international markets for contrarian opportunities, Europe is a place where value may be available. Equities in Italy, Spain, and Portugal — countries that were at the epicenter … Continue reading
While we find U.S. equities attractive, Japan has become a more interesting market, mainly because of the broad political support for the new prime minister, Shinzo Abe. To get Japan out of its deflationary spiral, Abe has pushed forward a … Continue reading
The magnitude of uncertainty in China’s politics and policy today is undeniably daunting. Western observers — and even the Chinese — simply do not know in what direction China’s new leader, Xi Jinping, will take the country or how constrained … Continue reading
Fundamental investment research indicates that small companies in China are not yet translating the region’s economic growth into greater productivity or profits for investors.
As 2013 begins, we find that important changes are occurring in the correlation structure of markets that should shape investment strategy. The first important shift is a decline in the elevated correlations across all kinds of equities, which has been … Continue reading
As the slowdown in economic growth continues in Europe, investors may be concerned about the likelihood of a worsening contraction. Still, opportunities remain in the region.
While the European Central Bank has made progress, we believe, on managing near-term liquidity risk, long-term structural issues remain.
Only two years ago, the future seemed bright for nuclear energy. But after the devastating 2011 tsunami in Japan, the world has experienced a sea change in attitudes toward sustainable power sources. Indeed, where nuclear power recently seemed to promise … Continue reading