Emerging market debt (EMD) has endured a challenging year-to-date, leading investors to question whether this is merely a correction following a strong two-year performance spell, or the start of something bigger. We believe technical factors have driven the sell-off, and that emerging markets remain fundamentally sound – meaning now is a good time to consider adding exposure.

In government bond markets, our bias has been moving from underweight duration closer to neutral duration in Europe and the US.

Equity and credit markets show strong signs of exuberance, and the clock is ticking on a potential reversal of recent trends. We believe that investors should be considering risk re-allocation strategies.

Discover the latest insights from our investment professionals as they plot a course through global investment markets.

By Peter Turchin

History shows us that ‘eras of good feelings’ are followed by ‘ages of discord’. The first age of discord in the USA coincided with the American Civil War and my research overwhelmingly shows we are entering a second.

By Don Tapscott

What if there was not just an internet of information but an internet of value? Assets can be transferred for the first time peer-to-peer without an intermediary. This is ‘blockchain’.

We believe the trade finance market is emerging as a compelling private debt opportunity for institutional investors seeking sources of higher risk-adjusted returns. We look at how they can seek to exploit the growing funding gap faced by businesses worldwide.

Demand is growing for responsible approaches to fixed income investing. Investors are seeking to show they are taking all material risks into account and to demonstrate how this influences their investment decisions. This note draws on our annual responsible investment report.

Join our Fixed Income webinar to hear an overview of key economic topics and investment themes.

The market is currently pricing in three hikes over the next 2.5 years, which is broadly in line with our forecast.

This is an opportunity to hear from Matthew Merritt, Head of Multi-Asset Strategy Team, who will update you on our views about the evolving economic and market environment and outline how these developments are shaping your diversified growth.

Despite the recent rise in interest rates, global investors continue to search for attractive yield. In this paper we examine a defensive approach that focuses on the short-end of the high yield debt universe, retaining the potential for higher returns but with lower expected volatilty.

In this 22 minute session, portfolio managers Oliver Williams and Thibaut Nocella review recent developments in emerging market debt, discussing key trends and where they see opportunities arising.

Weekly roundup from our multi-asset team focused on market moves, the drivers behind them, plus macroeconomic releases and central bank decisions.