In Depth – Page 3
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FeaturesCan emerging market equities offset US headwinds with domestic growth?
Emerging market (EM) equities have been an unloved asset class over the past few years. China’s economic woes, a stronger US dollar and the country’s prolonged tech bull run cast a long shadow. However, there are some bright spots in 2025, despite US president Donald Trump’s tariffs.
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FeaturesGold’s lustre turns heads as precious metals regain investment safe haven status
Gold, and to a lesser extent silver, have regained their lustre as favoured precious metal safe havens, although there are now new structural drivers.
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InterviewsDaniel Gamba, NTAM: Scaling the heights of asset management
Daniel Gamba, president of Northern Trust Asset Management (NTAM), is sketching out a future for his business involving the mass customisation of products for clients and leveraging important client relationships to act as a key partner.
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FeaturesAnother strong year ahead for green bond market as EU regulations set to drive demand
Against all the odds, the green bond market had a good 2024. In a year when inflows into global sustainability funds were slashed in half, green bonds recorded their second-highest annual issuance levels ever, with more than $560bn (€536bn) of labelled paper sold
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FeaturesFixed income, rates, currencies: Markets rocked by Trump’s sweeping tariffs plan
The world’s economy enters a new phase as the US administration escalates towards a global trade war, raising the prospect of a US recession and crashing global financial markets
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FeaturesCentral banks and cryptocurrency reserve: set for a breakthrough?
After courting the crypto community during his presidential campaign, Donald Trump issued an executive order in early March to create a US strategic bitcoin reserve, as well as a national digital assets stockpile of tokens other than bitcoin.
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FeaturesCross-border investment barriers: issues for institutional investors
Protectionist trade policies are back in vogue, fuelled by the rise of China’s economy and, more recently, by the escalation of geopolitical tensions.
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InterviewsECP Asset Management: An Australian approach to concentrated equity portfolios
The 2020s will likely be remembered as a period of high stock market concentration, similar to the decade of ‘nifty fifty’ stocks, which propelled the US market in the years before the 1973 crash.
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FeaturesIPE Quest Expectations Indicator - February 2025
The erosion in trust in the US is promoted by its refusal to participate in a proposed trigger force in Ukraine. In response, European defence expenses are rising, in particular in Poland, the Baltics and Scandinavia.
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FeaturesFixed income, rates, currencies: Uncertainty reigns as Trump 2.0 takes office
Now that Donald Trump has been installed as US president, there should be more clarity around some of the timings of his probable new policies.
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FeaturesFixed income, rates, currencies: Trump 2.0 sends global markets out of sync
Trump’s re-election prompted a rally in US assets, but elsewhere in global markets investors did not react positively
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FeaturesBriefing: The challenge of investing in Europe’s energy transition
The way the European economy powers itself is undergoing a fundamental shift, driven by market forces and policymakers. But while the direction of travel is clear, the path to a different energy mix is tortuous and the shift may be much slower than required to meet Europe’s target to be net zero by 2050.
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FeaturesIPE Quest Expectations Indicator - January 2025: hard to pick short-term winners
IPE’s latest manager expectations survey finds high net sentiment across most main asset classes as allocators weigh the Trump trade
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InterviewsLeapFrog eyes global impact investment opportunities
Impact investing was once a niche concept. “We were seen as the weird people in the corner of the room,” recalls Andy Kuper, the South African founder and CEO of LeapFrog Investments
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FeaturesThe effect of behavioural biases on active investment portfolios
It has been become apparent in recent years that behavioural finance has important things to say about how investors make decisions.
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FeaturesFixed income, rates, currencies: All eyes on Trump’s return
With the Republican Party now in control of both Senate and House, the leeway that President-elect Donald Trump will have to enact his pre-election policies could be considerable.
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FeaturesInsurance-linked securities bank a stellar year for returns
Insurance-linked securities (ILS) may be complicated, but they are gaining an institutional following especially among pension and sovereign wealth funds, multi-asset investment firms and endowments.
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FeaturesIPE Quest Expectations Indicator - December 2024
Bond expectations falling, equity mostly flat
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AnalysisPan-European personal pension product requires improvement
Funded pensions can provide both a retirement income for EU citizens and capital for long-term investments by financial institutions.
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FeaturesA new perspective on credit for climate transition
Sustainable finance has turned out to be a much dirtier and grittier battlefield than early adopters and advocates projected it to be.
