real return

Andy Warwick and Aron Pataki consider the investment outlook for 2023 and discuss where they see opportunities.

After a brutal year for financial-market participants, are there blue skies on the horizon?

With the backdrop uncertain and challenging, we assess the investment opportunities.

We discuss how we are navigating net zero in our portfolios to achieve real-world decarbonization.

With monetary tightening and geopolitical tensions putting pressure on returns, where can investors find opportunities?

Energy security and decarbonization: are they mutually exclusive?

We share our key learnings from a recent visit to a vertical farm.

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

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

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

With financial markets remaining turbulent, which sectors and asset classes could present opportunities for an unconstrained multi-asset strategy?

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

With tight supply and growing demand, we discuss the outlook for copper.

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

We unpick the cozy consensus on inflation

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

With the gold price trending lower in recent months, we assess the outlook for the precious metal.

With the cryptocurrency increasingly in the spotlight, we consider its role in a multi-asset portfolio.

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 discuss the outlook for the precious metal.

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

There are significant risks on the horizon, but we believe opportunities are emerging.

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

As the world slowly emerges from the pandemic, we assess the technology sector’s shifting attitudes to ESG issues.

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

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?

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

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

Gold can be hard to decipher as an investment. How should you go about understanding this tricky commodity?

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

How the property market continues to dominate the cyclical ups and downs of China’s economy.

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

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

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

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

We evaluate the current inflationary backdrop through the lens of our ‘fire risks’ investment theme.

Why we think this cycle has a significant chance of ending with a bang rather than a whimper.

While many argue against the current economic cycle being a rerun of the last, we beg to differ.

Have we seen an extended cyclical bull market or sustainable secular expansion?

Is it time for central banks to disregard CPI as a guide for determining monetary policy?

Trump’s promises, a questionable economic recovery and how to navigate them.

As central banks start to withdraw liquidity support, can risk assets continue their strong run?

Why all infrastructure investment opportunities aren’t created equal.