Insights

Investment Insights by our experts and thought leaders

ASEAN: Reversal of Fortunes?

Our Singapore-based Fixed Income Portfolio Manager details the reasons for ASEAN’s recent rebound and why such should continue.

Scones or Croissants? Brexit: The Route to Exit and Key Risks

Although the current polls do not indicate a clear majority outcome, in this piece we will examine some of the issues that may cause sentiment to shift towards a Brexit, and what the UK leaving the European Union might mean for the UK and EU economies post breakup.

Is it time to get back into credit?

While a recession in the US is not our base scenario, the impact of such an event on credit exposure is worthy of consideration. In our historical analysis we've found that the driver of past recessions can provide important insight into which credit maturities are most attractive.

Globalisation has reduced US monetary policy independence

US monetary policy grows less independent as 2016 unfolds and risks to global growth abound in a rebalancing China, a deflationary struggle in Europe and whispers of a Brexit.

2016 began in complete panic, with risk assets including emerging markets (EMs) selling off deeply through the first few weeks of the year.

Asian Equity Monthly Outlook - March 2016

Asia ex Japan equities edged lower in February, with the MSCI Asia ex Japan index contracting 0.9% in USD terms. Concerns over US economic growth and a Federal Reserve (Fed) perceived to be on hold drove a decline in the dollar.

Asian Fixed Income Monthly Outlook - March 2016

5-year and 10-year US Treasuries (USTs) yields ended the month lower, at 1.21% and 1.74% respectively. Cautious sentiment around falling oil prices and the prospect of a delay in US Federal Reserve interest rate increases supported US Treasuries (USTs) over the month.

Japan's "Show Me the Money" Corporate Governance - March 2016

Our global strategist sheds light on how corporate profit margins are reflecting the continuing improvement of corporate governance in Japan.

Our Global Credit Strategy: Seeking Services

Our Global Credit staff in London detail their rationale behind concentrating on service sector exposure globally.

Global equities: Structural re-pricing occurring or just volatility?

Our global equities team in Edinburgh explains their views on the prospects for their asset class.