Since 2021, major economic cycles have been out of sync. Tight policy in Europe and very loose policy in Japan, leads us to predict a great asymmetry over the next 12 months between the two. Iain Cunningham, Head of Multi-Asset Growth explains why we are long the yen versus the euro. Hosted on Acast. See acast.com/privacy for more information.

After a challenging year, Wenchang Ma sees brighter prospects for Chinese equities in 2024, with weak sentiment providing an entry point to invest in some of the world’s most attractive companies. Hosted on Acast. See acast.com/privacy for more information.

Historically high yields across global credit markets underpin a positive outlook for the asset class. With significant and rising dispersion, look out for plenty of compelling bottom-up opportunities, but also some no-go areas for investors. Hosted on Acast. See acast.com/privacy for more information.

Improving global growth and inflation dynamics are supportive for the asset class, but risks remain and a bottom-up approach will be vital for capturing the opportunities and building resilient portfolios. Hosted on Acast. See acast.com/privacy for more information.

Many debt-issuing companies across emerging markets have positioned themselves well for the ‘higher-for-longer’ rates environment. EM economies are also on solid footing, and profitable cross-country collaboration is making EM corporate debt an exciting place to be. Hosted on Acast. See acast.com/privacy for more information.

With 2023 falling short of expectations in terms of a recovery for emerging markets equities, Archie Hart explains the need for caution in the coming months, but remains optimistic on a 1- or 2-year view, given that the building blocks for a turnaround are beginning to fall in place. Hosted on Acast. See acast.com/privacy for more information.

Environmental equities have been hit by a downturn in market sentiment. This is creating new opportunities to get exposure to parts of the economy expected to grow fast as the energy transition progresses. Deirdre Cooper and Graeme Baker assess the outlook for investors in decarbonisation. Hosted on Acast. See acast.com/privacy for more information.

With interest rates set to remain higher for longer, investors have some thinking to do. Are the same rules that have applied for the past few decades still in play, or is a different approach needed? Hosted on Acast. See acast.com/privacy for more information.

The Paris Agreement of 2015 inspired widespread action to reduce forecasts of future warming. Arguably, this is not enough. Ninety One’s Chief Sustainability Officer, Nazmeera Moola, discusses the investment industry’s roles and responsibilities when it comes to driving the transition to net zero. Hosted on Acast. See acast.com/privacy for more information.

John Green, Chief Commercial Officer and Annika Brouwer, Sustainability Specialist reflect on their time at COP28, the progress that’s been made and the highlights from a climate finance perspective. Hosted on Acast. See acast.com/privacy for more information.

With 2023 falling short of expectations in terms of a recovery for emerging markets equities, Archie Hart explains the need for caution in the coming months, but remains optimistic on a 1- or 2-year view, given that the building blocks for a turnaround are beginning to fall in place. Hosted on Acast. See acast.com/privacy for more information.

At a global level, the path immediately ahead could be choppy. But beneath the surface, currents that favour emerging markets are gathering force, explain Victoria Harling, Varun Laijawalla and Grant Webster. Hosted on Acast. See acast.com/privacy for more information.

A radical reset in borrowing costs has changed the rules of the game for investors. Philip Saunders and Sahil Mahtani assess the outlook for 2024 and beyond, and discuss where to invest for a new market cycle. Hosted on Acast. See acast.com/privacy for more information.

In a detailed podcast, Philip Saunders argues that much of the current geopolitical malaise is the result of the rise of China – one of the five major structural macro themes identified in our ‘Road to 2030’ analytical series – its scale, its ‘all-state’ characteristics and America’s response to it. Hosted on Acast. See acast.com/privacy for more information.

The agri economy is vast, varied and strategically vital. It has also developed a reputation as being environmentally unfriendly on a global scale, but things are changing as primary agricultural businesses and an array of ancillaries mend their ways. Dawid Heyl explains and details the resultant opportunities. Hosted on Acast. See acast.com/privacy for more information.

The hype around AI exploded into the public consciousness at the start of this year, largely due to the arrival of OpenAI’s ChatGPT. But as Abrie Pretorius and Nikhil Solanki explain, we’re actually at the start of the third AI-hype cycle, the first of which started in the 1950s! In this podcast, they look at the likely winners in the space and what this means for investors. Hosted on Acast. See acast.com/privacy for more information.

Investors have been asking whether cash is the only answer for a defensive income at present. Jason Borbora-Sheen and Ellie Clapton argue that the solution may not be quite so black and white. In this interview, Jason highlights four key reasons for why there is an opportunity cost of a cash only approach and where he feels investors should be looking. Hosted on Acast. See acast.com/privacy for more information.

Sentiment on sustainable investing and climate investing in particular has swung from peak positive for a variety of reasons that include interest rates and anti-ESG sentiment. Deirdre Cooper explains the shift, outlines her stance and injects a good deal of contrarian optimism.  Hosted on Acast. See acast.com/privacy for more information.

Many investors have been wary of investing in companies in natural resources sectors amid climate concern. Yet a sizeable group of natural resources businesses have critical roles to play in the energy transition, and consequently significant structural growth potential. Combined with underinvestment in new supply of transition-essential commodities and low valuations, it adds up to a fascinating time for investors to take a closer look at this unappreciated but highly dynamic part of the...

Bond yields in the US have been on the rise since 2020. From a low of below 1%, the 10-year yield at the time of publication is over 4.5%. Yes, inflation is still elevated and interest rates are thus remaining high, but are there other factors at play? Jason Borbora-Sheen explains the fundamentals and the actions of market participants, their consequences and the potential outcomes. Hosted on Acast. See acast.com/privacy for more information.

The oil price was hovering just over $70 per barrel in mid-June, but by early September was just above $90. This sharp and rapid rise has been attributed to a Saudi strategy of removing supply, but the buoyant demand is also crucial as higher prices have not affected the world’s appetite for black gold. Tom Nelson discusses the price equation and implications of the recent rally. Hosted on Acast. See acast.com/privacy for more information.

The annual gathering of the world’s central bankers at Jackson Hole has concluded. The headline act, Jerome Powell of the Federal Reserve, was predictably circumspect as he highlighted stubborn inflationary pressures and therefore a cautious monetary policy stance. Russell Silberston summarises the gathering and the future of not only US interest rates but China’s and other key economies. Hosted on Acast. See acast.com/privacy for more information.

Reports of the demise of the US dollar as the world’s reserve currency have been numerous over recent years. Yet its status remains intact even though 2023 hasn’t been kind to the greenback. US interest rates show signs of having peaked as inflation abates, but is the dollar weakness as simple as that? Philip Saunders provides a perspective on the outlook in conversation with Lindsay Williams. Hosted on Acast. See acast.com/privacy for more information.

Juliana Hansveden and Yuxin Lin from the Sustainable Equity team recently travelled to China and Korea to meet existing and prospective portfolio companies. They discuss the insights gained from the trip and detail how they’re capturing the structural growth opportunities. Thirty one company visits over 14 days. A hectic schedule for Juliana Hansveden and Yuxin Lin as they travelled China and Korea for the first time since COVID. In an interview with portfolio specialist Ellie Clapton, listen...

These are uneasy times in the oil market. The OPEC+ group met again in Vienna last week alongside oil industry chief executives and the stakes are high. Tom Nelson, Head of Thematic Equities discusses with Lindsay Williams. Hosted on Acast. See acast.com/privacy for more information.