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Our team of expert economists, researchers and strategists bring clarity to the latest market trends and developments that matter

            

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ECB QE: As long as it takes or forever

13.09.2019   There was unanimity across the ECB Governing Council on the view that fiscal policy should become the main tool. This was President Draghi’s answer to his first question at yesteday’s press conference regarding the “chemistry” in the meeting...Read More

           

Finance_people

CIO Update: Cautious positioning

05.09.2019   The escalation in the trade war is likely to weigh on corporate investment. While the risk of a global recession has clearly risen, we still expect the expansion to persist in the foreseeable future...   Read More

               

GlobalView

Global View Q4 2019

02.09.2019   The escalation in the trade war is likely to weigh on corporate investment. While the risk of a global recession has clearly risen, we still expect the expansion to persist in the foreseeable future.
                

ECB: the only game in town?

06.07.2019   With euro area growth and inflation remaining depressed, Mario Draghi is likely to announce a significant easing package when the ECB Governing Council meets next week...  Read More

CIO Update: Central banks to the rescue

05.07.2019   Announcements by key central banks indicating that they will support the economy with interest rates cuts, if needed, have made an impression on financial markets.  Read More

Johnson moves his Queen on the Brexit chessboard

30.08.2019   By suspending the UK parliament and scheduling a Queen’s speech for mid-October, Boris Johnson has raised the risk of a no-deal Brexit. While it is unclear if this game of brinkmanship is either aimed at arm-twisting the EU into concessions or positioning himself and the Tories for early elections as defenders of the people’s will against the Parliament, there will be reduced scope to stop a hard Brexit and enforce a new extension of Article 50.  Read More

How bad can it get?

23.08.2019   Over the past two decades, central bankers have used the Federal Reserve Bank of Kansas City’s annual symposium in Jackson Hole to signal changes in monetary policy. While they could do so again, there is a lot of doubt with regards to how much more support they can provide, and how effective it would be.... Read More

Just another week

16.08.2019   It is difficult to say what was the most important event this week: The yield curve inversion in the US and the equity market sell-off, the postponment of some of the US-tariffs on Chinese imports, the primary election results in Argentina or today’s start of the new Bundesliga football-season?... Read More

Risk of currency war is increasing

09.08.2019   There were hardly positive economic news this week. Global trade remained roughly at last years’ level as latest CPB-data for May showed – no surprise given the level of political uncertainty that we face around it... Read More

Here comes the 'mid-cycle adjustment'

02.08.2019   The Fed delivered the 25bp cut in the Fed Funds rate, that most market participants expected. It characterised the rate cut as an insurance against downside risks from global growth and trade policy uncertainty... Read More

The ECB and the law of diminishing returns

26.07.2019   The ECB has given a strong signal that it will present a significant package of easing measures, probably in September, as the euro area economy is slowing down and inflation expectations have moved further away from the ECB’s objective.... Read More

The 'global' central bank pivot

19.07.2019   More Emerging Market central banks have joined the rate-cutting cycle as both the Fed and the ECB are set to loosen policy over the next few months.... Read More

The ECB is 'ready and prepared' to loosen policy

12.07.2019   The ECB’s Governing Council is “ready and prepared” to provide more monetary accommodation, as indicated in the June’s meeting minutes.... Read More

Global View - Outlook Q3 2019

03.06.2019   Fears of a global recession have receded as the global economy is slowly turning around... Read More

CIO Update: Need for patience

06.06.2019   The renewed escalation of the trade war between the USA and China has caught investors off guard and triggered a sharp setback in financial markets in May.  Read More

CIO Update: Reduced portfolio risk

04.04.2019   Markets are likely to shift into consolidation mode after the strong first-quarter rally in all risky assets. This has prompted us to take profits on some of our positions...  Read More

Global View - Outlook Q2 2019

03.03.2019   Global growth is set to slow further in the near term. But we expect the world economy to rebound somewhat in the second half of the year, in part reflecting looser macroeconomic policy in China.... Read More

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Read more about our pioneering thought leadership and research on investing sustainably

            

Sust chemicals

Targeting the SDGs: Impact and Performance in Listed Equities

03.07.2019   All investments have an impact - not only on individual investors, but also on communities, the environment and the economy at large... Read More
              
Sust growth

Active Ownership is making an impact

01.04.2019  When it comes to the concept of sustainable investments, many investors still only think of exclusions for the time being. However, the range of instruments has been greatly expanded over the years. Read More
           

Hazardous chemicals - or the new carbon

12.12.2018   Chemicals are increasingly present in everyday consumer products: from plastics and clothes to flame retardants in mattresses and couches.
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Sustainability - a key factor for real estate

07.01.2019  Electromobility is on everyone's minds: as an investment theme, as a fun factor, but above all as a solution to climate change. However, it is less well known that the real estate sector is also an important jigsaw piece in the fight against global warming.
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Active ownership - reaching record levels in 2018

02.10.2018   Assets under management for investment strategies that integrate engagement and proxy voting are growing continuously.
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Global challenges and investment themes

26.09.2018   The summer of 2018 has brought an unprecedented heatwave to the Northern hemisphere. Forest fires have raged from Sweden down to Greece, claiming the lives of many victims. Read More

Living among robots

29.08.2018   Technological progress and economic growth have triggered an unprecedented expansion phase of robotics adoption and applications across sectors. Read More

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Delve deeper and learn about the investment strategies that set us apart

            
         

Investing in sustainable long-term thematic equities

11.01.2019
          
ICGAA

Institutional Spotlight: Sustainable Thematic Returns in a Growth-challenged World

30.08.2019   In today's low growth environment, investors can find attractive returns through the powerful combination of sustainable and thematic investing.
Sustainable investing helps to capture valuable insights that would have otherwise been overlooked by traditional investing frameworks.
Meanwhile a thematic approach helps to harness long-term structural growth opportunities. This powerful combination leads to finding high quality growth companies...
                  

Advantages in investing in European smaller companies

11.01.2019

High yield bonds with a sustainable angle

07.01.2019

Beating low yield with a Global Multifactor Strategy

11.01.2019

What sets our Tech Disruptor Strategy apart

30.10.2018

Institutional Spotlight: Big value in small caps

11.06.2019 In this issue, we delve deeper into our analysis on small cap companies and how they can offer investors higher average returns over the long-term. Our analysis shows that small caps outperform during phases of economic recovery and expansion, but they tend to lag during downturns and recessions...Read More

Institutional Spotlight: Why invest in Total Return strategies?

03.2019    We explore the attraction of unconstrained fixed income strategies and how this investment style can be relevant for many institutional clients. In contrast to equities, active fixed income managers tend to outperform their passive peers, in part due to several drawbacks that come with trying to replicate a fixed income benchmark...Read More

Institutional Spotlight: An adaptive allocation to overcome challenges for the pension system

11.2018   
We discuss several challenges faced by many pension systems today, including changing demographics, depressed long-term expected returns and the prospect of a cyclical downturn…
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Institutional Spotlight: Commodities in a portfolio context

04.2018   
Although the performance of commodities has been disappointing in recent years, we see fundamental reasons why it should not be overlooked…
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Interview: Caution, Disruption Ahead!

01.2018   Portfolio manager Tomasz Godziek discusses his views on technology disruption…
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