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
In emerging markets, the growing strength of the domestic consumer is a powerful long-term investment theme that may benefit a variety of global companies. But while the emerging-market consumer is generally healthy, there is regional and country differentiation that is … Continue reading
China’s slowing rate of economic activity creates concern about growth possibilities for stocks in a number of global sectors.
As Europe struggles with a protracted sovereign debt crisis, investors’ risk aversion has created select valuation opportunities in small- and mid-cap European stocks.