Insights
To create sustainable outperformance, in-depth market knowledge is essential. We have a global research platform that both informs our investment decisions and helps our clients understand the markets.
China Downgrade Won’t Cast a Long Shadow
04/23/2013
A credit boom and mounting risks of loosely regulated lending prompted Fitch to downgrade China’s long-term local currency rating. But there’s a comfortable buffer to absorb these risks, says Helen Lam, a senior portfolio manager in Hong Kong.
QE in Japan Is a Monetary Tsunami
04/12/2013
The Bank of Japan’s new quantitative easing policies are aimed at squarely at infusing Japan’s markets with liquidity—but their impact is being felt on all financial markets, explains Hans-Jörg Naumer.
Looking for Dividends in New Places
03/14/2013
Dividends are the last bastion for investors seeking income and returns above inflation. But chasing yield in defensive sectors and ignoring valuation may jeopardize pension return targets, writes NFJ’s Ben Fischer in Pensions & Investments.
Is Cyprus the New Bailout Blueprint?
03/28/2013
Forcing bank depositors to chip in to pay sovereign debt could be the new template for the euro zone. If seizing assets is fair game, it will disrupt markets and prompt a flight from troubled banks, says Neil Dwane, CIO Equity Europe.
Deconstructing the Mechanics and Market Implications of Financial Repression
03/22/2013
Governments around the world are using financial repression to reduce their debt burdens—but their success comes at the expense of savers and investors. Download our white paper to learn how financial repression works and how to combat it.
Short-Duration High-Yield Bonds: An Attractive Solution for a Low-Yield, Rising-Rate Environment
03/22/2013
Treasuries aren't providing enough yield for today's investors—but high-quality short-duration high-yield bonds provide income, hold up well when rates rise and can help reduce volatility. Download our white paper to learn more.
Tall Tales of Currency Wars and the Great Rotation
03/21/2013
Andreas Utermann, global CIO, says capital-markets chatter has morphed from the financial crisis to competitive currency devaluation and a shift from bonds to stocks. While economic progress is real, these trends may be more myth than truth.
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