Don’t Try to Predict Inflation, Prepare For It
Investors should devote less time to making market predictions and more to thinking about a range of potential outcomes, says Brad Slingerlend of NZS.
Reflation, Interest Rates and Risk
Ariel Bezalel, Talib Sheikh and Mark Nash discuss financial markets, rates, fiscal and monetary policy and where they see opportunities
Are CoCos the mispriced credit opportunity of 2021?
Luca Evangelisti explains why Financials Contingent Capital bonds, or CoCos for short, offer value thanks to their strong liquidity profile, supportive regulators, and the much-improved financial position of banks.
Note from the Investment Floor – ‘Leverage, Momentum and Narrative’
Ned Naylor-Leyland explains the important of leverage, momentum and narrative to modern markets, and asks whether we’re at the end of a monetary supercycle.
Notes from the Investment Floor – Turkish turbulence hasn’t tainted EM
Alejandro Arevalo looks at the latest drama in Turkey, as the central bank governor is replaced (again), but without material negative impact on other emerging markets.
Gold and silver mining equities – ready to rebound
Ned Naylor-Leyland explains why a likely return to falling real interest rates and the strong operational performance of mining companies point to a bullish outlook for monetary metals.
Notes from the Investment Floor – The ESG tide is turning in the US
Freddie Woolfe looks at promising signs of serious ESG-related policy reforms in the US, while also discussing the healthcare sector in this investment environment.
EMD: Should investors worry about rising rates?
US interest rate moves have caused volatility in EMD year to date. But Alejandro Arevalo, Head of EMD, explains why the fundamental tailwinds behind EMD remain.
Notes from the Investment Floor – Value may hedge against rising rates
Dermot Murphy considers whether Value stocks could act as a hedge against rising interest rates, while Joe Lunn explains why the green economy will be silver.
Is pent-up demand a coiled spring…or a Slinky?
The durable goods boom of the past year is unlikely to be repeated, taking away a key input to drive post-pandemic inflation, says Ariel Bezalel.