macro views

As the US legal landscape evolves, we explore the many opportunities and unique challenges of selling marijuana products.

How is the US cannabis industry faring during volatile times? We discuss in our latest Double Take episode.

We analyse how diverging economies can create opportunities for bond investors with a global mindset.

Ian Smith outlines the key drivers of emerging markets and why India could be an exciting opportunity.

Portfolio manager Phil Shucksmith covers nature and biodiversity, net zero and the energy transition in this quarter’s outlook.

Portfolio manager Paul Markham considers what interest rate hikes and the return of inflation mean for equity markets.

Portfolio manager Suzanne Hutchins discusses the implications of inflation, interest rates and the Chinese economy for investors.

CEO Euan Munro explains why key boundary conditions make it important to challenge the norms of multi-asset investing.

Portfolio manager Paul Brain assesses the main factors driving fixed-income markets and the key areas of opportunity.

How are legacy financial institutions managing cryptocurrencies? We discuss this and more in our latest Double Take episode.

We discuss the macroeconomic factors driving the potential return of manufacturing jobs to the US.

As central banks attempt to curb inflation, are they hiking economies into recession?

Portfolio manager Jon Bell discusses why inflation is here to stay and explores key opportunities within equity income.

How our Real Return team seeks to find long-term growth opportunities amid prolonged market volatility and rising inflation.

Geopolitical tensions remained high and inflationary forces intensified during the second quarter. What are the implications for investors?

Is the US ahead of the curve or behind in the regulation and disclosure of human capital management?

Why deglobalisation and supply shortages are leading to greater government intervention.

We examine the conditions that have led to increasingly high levels of inflation.

Why now for US small and mid-caps?

We discuss how our global equity specialists are managing the volatility of today’s market landscape.

We discuss the potential of nuclear energy and how it may fit into the global energy transition.

Will the potential reshoring boom lead to a capital-expenditure supercycle? We discuss in our latest Double Take episode.

How the Ukraine conflict could change the geopolitical and investment landscape.

Using fixed income to help navigate a rising interest-rate environment.

We discuss how the Russia-Ukraine crisis has accelerated the trend of deglobalisation, and the implications for investors.

In our latest Double Take podcast, we explore nuclear power and its potential as a clean energy alternative.

Investors face heightened uncertainty from rising inflation, tighter monetary policy and Russia’s invasion of Ukraine.

As conflict continues in Ukraine, we assess the potential investment implications arising from evolving Sino-Russian relations.

We investigate how big tech companies are mining personal data, and how regulators and lawmakers are responding.

We examine the long-term global structural impacts of the Ukraine war and Russia’s pariah status.

In our latest Double Take podcast, we investigate the massive changes happening in big tech and regulator reactions.

We assess what the Fed’s latest monetary-policy signalling could mean for bond markets.

We assess Russian President Vladimir Putin’s list of demands over Ukraine and future implications for Europe’s security architecture.

Is inflation starting to run too hot, and what are the implications for policymakers, economies and investors?

Markets contemplate whether policymakers can engineer a ‘soft landing’ to ease inflationary pressures without stifling the rebounding economy.

We discuss the importance of thematic and sustainability considerations when investing in emerging markets.

Can India emulate China's recent growth?

How should investors interpret the latest government policy? We interview Terry Branstad, former US ambassador to China.

We speak to the US-China Business Council about how multinational corporations are thinking about their investments with China.

We discuss the value creation and disruption caused by digital transformation, and the related investment implications.

As China’s economy and geopolitical influence continue to grow, what are the threats and opportunities for investors?

We assess the impact of a potential rate rise by the Bank of England next week.

We unpick the implications of the growing crisis in China’s real-estate sector for investors.

We discuss interest rates, inflation, and China’s regulatory crackdown.

Why we believe the post-Covid recovery will be different from the post-financial crisis period.

Inflationary pressures and China-related concerns dented an improving picture during the third quarter.

Tackling climate change: How did we get here?

With protectionist measures on the increase globally, we discuss some of the opportunities and risks for investors.

We assess the near and mid-term implications of central-bank and government policy for bond markets.

Bond markets have endured a tough year. We discuss the inflation threat and where to find best value.

We assess the implications of the UK Budget for bond markets and the wider economy.

Will inflation finally re-emerge in a post-pandemic recovery, and how can a balanced portfolio prepare for it?

As policy intervention ratchets up to new levels in response to Covid-19, what are the implications for investors?

We look at three macro trends that investors need to be aware of.

We discuss the outlook for the precious metal.

A focus on two more of our primary investment themes: ‘state intervention’ and ‘healthy demand’

A focus on three of our primary investment themes: ‘Earth matters’, ‘consumer power’ and ‘China influence’.

Could the US election outcome and hopes of an imminent Covid-19 vaccine keep markets trending upwards?

We assess the implications of Joe Biden’s US presidential election victory.

We discuss how bond markets have responded to the US election.

The outlook for inflation, and a focus on sustainable fixed-incoming investing.

How the monetary and fiscal response to Covid-19 is reshaping bond markets.

With the US election fast approaching, we assess the potential implications for markets.

Why we believe the post-pandemic economy will take some time to get back to pre-crisis levels.

We assess the ramifications of the European Union’s €750bn deal for EU bond markets and the euro.

We provide our macro outlook for the second half of 2020.

How is the pandemic changing global trends?

How will Covid-19 shape the post-pandemic investment landscape?

We assess how US-dollar strength will affect the global economy as it starts to recover from the pandemic.

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

We assess the potential impact of an unprecedented US fiscal stimulus package on markets.

We analyse the impact of Covid-19 on global bond markets in anticipation of the next stage.

Coronavirus-induced volatility continues to plague markets, but are there some tentative early signs of recovery?

How does the spread of coronavirus affect the global investment outlook?

How can pension schemes and asset managers keep up with a disruptive and fast-moving investment backdrop?

How the spending pledges from the two main political parties could affect the UK gilts market.

Does recent US Federal Reserve activity hint at what lies ahead for US monetary policy?

Our dynamic thematic framework helps identify structural growth opportunities created by rapid urbanisation.

Boris Johnson has embarked upon a radical but controversial Brexit strategy.

We assess the latest developments as the UK moves closer to the 31 October Brexit extension deadline.

What could Boris Johnson’s victory mean for the UK’s gilt and currency markets, and future Brexit strategy?

With financial markets threatening to bounce the Fed into a fresh easing cycle, we give our perspective.

Major demographic shifts will have pronounced implications for economies and investors.

As tariffs are hiked again, where does the US-China trade war go from here?

Modern Monetary Theory is gaining traction among policymakers, but what are the possible consequences for investors and markets?

Political uncertainty could create short-term instability for Spanish bond spreads, but will it last?

A new ‘post-globalisation’ era may have major implications for investors.

With consumer price inflation remaining subdued despite extreme monetary policies, should investors still worry about inflation risk?

What are the investment implications of the World Bank’s key charts of 2018?

Amid another tumultuous week, the outcome of the UK’s Brexit negotiations look even murkier.

The Irish and UK prime ministers are experiencing contrasting fortunes as Brexit negotiations rumble on.

As the bond-market cycle clock ticks on, we offer our outlook for 2019.

We assess the prospects for global equities in 2019

With a decade of financial excess now behind us, the risks appear skewed to the downside.

The UK Prime Minister’s emphatic Brexit vote loss last night raises more Brexit questions than it answers.

Theresa May’s crushing Brexit deal defeat appears relatively meaningless compared to what might happen next.

Our recent conference panel session looked at where markets are heading against an ever-shifting backdrop.

Trade confrontations may dominate the headlines, but deeper structural concerns are driving market movements.

A continuing budget dispute is leading to renewed speculation over an Italian exit from the EU.

Can the US equity market continue its stellar performance into 2019?