Global Macro Research: State of the world
Markets have started to price in UK policy easing in 2024, but we believe those looking for aggressive cuts may be disappointed.
Read morePerspectives
Fixed income, Video
Volatility in fixed income markets
Being able to exploit market volatility is a key reason active fixed income managers outperform passive managers. The high level of volatility seen in markets this year creates opportunities where bonds become cheap or expensive relative to their fundamental value.
12 May 2025
Global macro, Economics
Global trade in chains: part 3 - China vs the US: non-tariff barriers
The third in a series of articles sharing our thoughts on the unfolding global trade war.
25 April 2025
Global macro, External speakers, Economics
Global Macro Research: reflections on Europe versus the US
Professor Robert J Gordon provides his thoughts on the divergence between US and European growth and challenges the common perception that the US holds a significant advantage over Europe.
17 April 2025
Fixed income
Global short-dated high yield: thanks for the opportunity!
As spreads spike higher on tariff uncertainty, we provide a high yield stockpicker’s guide, highlighting how we believe investors should seek to take advantage of this potential opportunity.
17 April 2025
Global macro, Fixed income, Economics
Global Macro Research: A New World Order
The multilateral order is unravelling, with Pax Americana no longer able to sustain itself. This seismic shift carries significant ramifications for investors, fundamentally altering the investment landscape in which they operate.
10 April 2025
Fixed income
An introduction to asset-backed securities
Asset-backed securities (ABS) come in various guises that may, at first, seem complex and challenging to investors. We aim to lift the veil on how they work and clarify some popular misunderstandings.
18 March 2025
Global macro, Geopolitics
Global macro research: Climate refugees
We seek to understand how global migration could be impacted by climate change.
23 January 2025
Global macro, Economics
Global Macro Research: Germany – is there any hope for the sick man of Europe?
We consider why the German economy has struggled since the pandemic, and why the February 2025 election presents an opportunity for change.
23 January 2025
Global macro
Global macro research: editorial committee
The Global Macro Research Editorial Committee reviews research on thematic long-term investment issues from our global investment teams, and commissions research on topics it believes could be impactful to markets.
30 November 2021
