Our Thinking

With global interest rates remaining near all-time lows, and $15 trillion of debt providing investors a negative yield, bond-market bears are in danger of becoming extinct. But could today’s ageing society finally provide the trigger for a sustained bond-market selloff?

As market conditions change, investors not only need to look beyond traditional asset classes, but also to be more flexible and dynamic in their asset allocation approach.

The second annual results of our Climate Impact Pledge showcase the corporate leaders and laggards on climate action; we are encouraged by improvements across sectors but will continue to press companies to meet this era-defining challenge.

What determines a city’s future success and how is this linked to property investment?

Battery costs have declined rapidly in recent years, but the market is likely too optimistic about both the timeline for lower battery costs and what happens when we get there.

In the next economic downturn, central banks will likely have to reach further into their unconventional playbook. But which policymakers have the most freedom to act and what does that mean for asset prices?

Investors have been buffeted by a large number of negative headlines in 2018. We remain of the view that tightening global liquidity conditions are likely to exacerbate market volatility.

Investors need to factor in how immigration concerns in the European Union could fuel the rise of populist parties, potentially increasing the political risk premium.

We outline some of the key factors that then influence how quickly an individual spends their retirement funds, including ‘retirement outcome risk’. Whilst a one-size-fits-all approach is not possible, we suggest steps towards a framework that incorporates many of the factors involved.

A lack of policy space means that central banks may have to turn to more unconventional responses when the next recession occurs.

The ‘one share, one vote’ standard has been in place since 1940 but the number of companies with unequal voting rights is on the rise.

Can cyclical tailwinds paper over the structural cracks? And what’s the outlook for global trade, China and equity investors?

Companies that have seen their share price depreciate sharply in the face of self-inflicted wounds, structural challenges, or cyclical headwinds, represent potential ‘turnaround stories’. In this article we look at the attraction of investing in these businesses, and evaluate the risks or opportunities they present.

Looking into 2018, US policies will remain one of the biggest focal points for EM assets, even if it has felt like ‘waiting for Godot’.

The consequences of monetary tightening will define the 2018 investment landscape.

The logistics industry is seeing increased investment, driven by technology trends including automation and smart manufacturing.

Just as the popularity of two-wheeled pedal power has been surging across London, a different type of cycle, the economic kind, has vanished from sight.

After more than a century of incremental change, technological trends and consumer demands around road vehicles are converging.