Our team of expert economists, researchers and strategists bring clarity to the latest market trends and developments that matter
What to make of the latest escalation in the trade war?
17.05.2019 The latest increase in tariffs amounts to a tax hike that is only worth a fraction of a percent of US GDP; it is therefore hard to justify claims that...
CIO Update: Time for a break
09.05.2019 Given the strong rally in equity markets since the beginning of the year, the time for a break has come. Clearly, equity prices do not travel on a one-way street but...
Global View Q2 2019
05.03.2019 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...
Trade war adds to the perfect storm for risky assets
10.05.2019 It is too soon to know if the Trump Administration's decision to raise tariffs on Chinese goods is part of the “art of the deal”..
Risky assets face challenges in May
03.05.2019 Q1 2019 company figures came out on the strong side in the US and were generally good in Europe..
Are higher oil prices a threat to the global economy?
26.04.2019 The oil price has rallied strongly over the past few months, in part as depressed sentiment about the health of the global economy have been rationalised...
Yield up as global growth momentum strengthens
18.04.2019 Activity data in China for the first quarter came in stronger than expected. Notably, industrial production rose 8.5% y/y in March, the fastest pace in 4½ years...
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...
CIO Update: Green shoots lift equities
08.03.2019 Financial markets, buoyed by a return of liquidity, experienced a strong uptrend in the first two months of this year. Cautious central banks should provide markets with support in the coming months as well...
CIO Update: Hunt for yield is back
07.02.2019 Financial markets recorded a very positive start to the new year across all asset classes. But in contrast to last year, this was not triggered by strong economic data...
Global View - Outlook 2019
26.11.2018 Recent weeks have been marked by sharp fluctuations in financial markets. At first, global stock markets appeared to recover from their October lows, only for prices to be dragged down by uncertainties around the future....
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Read more about our pioneering thought leadership and research on investing sustainably
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.
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.
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.
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.
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.
Living among robots
29.08.2018 Technological progress and economic growth have triggered an unprecedented expansion phase of robotics adoption and applications across sectors.
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Delve deeper and learn about the investment strategies that set us apart
Investing in sustainable long-term thematic equities
Institutional Spotlight: Why invest in Total Return strategies?
29.03.2019 In this issue, we discuss 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.
Advantages in investing in European smaller companies
High yield bonds with a sustainable angle
Beating low yield with a Global Multifactor Strategy
What sets our Tech Disruptor Strategy apart
Institutional Spotlight: An adaptive allocation to overcome challenges for the pension system
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…
Institutional Spotlight: Commodities in a portfolio context
Although the performance of commodities has been disappointing in recent years, we see fundamental reasons why it should not be overlooked…
Interview: Caution, Disruption Ahead!
01.2018 Portfolio manager Tomasz Godziek discusses his views on technology disruption…