Tariffs and Trade Wars – Implications of a Second Trump Presidency

15 August 2024

We explore how a more restrictive trade regime under a second Trump presidency could affect the US, its trading partners and the US dollar.

Global Macro Research: Asset allocation in focus

We outline the asset allocation framework that lies at the heart of our multi-asset investment process.

The resurgence of Southern Europe

30 May 2024

We believe the economic outperformance of Southern European countries relative to countries such as Germany should continue for some years to come.

New World Disorder

15 May 2024

At a time of heightened geopolitical risk, the world’s leading superpower will be heading to the polls to choose a new president. It is hard to remember a time of greater division, and the two candidates will have very different approaches to the world’s problems.

The Politics of ESG

7 May 2024

Sustainability is often viewed as extraneous to a business. However, managing the impact of externalities is a precondition for any business.