Insights
Japan Equity Outlook: “Work style reform”
We think Japanese companies are poised for a pickup in capital expenditure, led by productivity enhancing investments.
Forbes: The Fed's Tabooed Tool
“Wall Street seems to have long had a hands-off warning to the Fed, which seems to have been very effective, but does this really deserve to be continued? Can Wall Street effectively regulate against speculative bubbles?”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
Emerging Divergence as Unwinding of QE Gathers Pace
What is the prognosis for Emerging Markets as major global central banks begin to tighten policy?
Forbes: Taming The US And Chinese Goldilocks Twins
“When the two largest economies in the world are signaling that that they don’t want asset prices to rise too much, investors should take note to curtail any excessive optimism...”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
Equities and Income in an Ageing World — Why Dividends Matter
The ageing world presents significant savings and productivity challenges to this and subsequent generations of investors and workers. Change will no doubt remain a constant, as it has been throughout the last two centuries in particular.
China’s deleveraging – When and how will it end?
China’s dual goals of deleveraging and maintaining strong growth may not necessarily conflict, but they certainly pose a delicate balancing act for the government.
The rapid development of the Asia Credit markets provides new opportunities to improve the risk and return profile for investors.
Forbes: Bank Bailouts And Italian GDP Changed Draghi's View?
“ECB rhetoric might waver back and forth, but unless there is a global downturn or a major political revolution in Italy, its monetary policy will become less accommodative...”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
Improving Japanese Shareholder Returns Ahead
Our top Japanese Equity staff, including our CIO, report on how Corporate Governance remains on a strong upward trend, which should boost alpha for active managers and beta for the overall market via improvements in ROE and shareholder distributions.
The Global Investment Committee remains moderately optimistic about the global economy and equity markets, while being cautious on global bonds.
ESG and Credit Investing — What does the future hold?
Changing perception of ESG’s performance impact: An active ESG approach is now regarded as a catalyst for outperformance.
June Gamble Doesn't Pay Off for May
Theresa May’s Conservative Party lost its outright majority in last Thursday’s general election. What are the implications for Brexit and the markets?
Forbes: After Yellen, An All-White Male Fed Board Ahead?
“Could it be possible that Trump would accept an all-white male Fed Board?”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
Ethical Investing – Whose ethics are we talking about?
Of course there’s nothing new about ‘ethical’ investing. What’s changed is heightened public awareness of where our private and public savings are being invested, and increasing recognition that a focus on simply maximising short-term profit is not necessarily the best, or most sustainable approach, over the long term.
Forbes: Japan's “Show Me The Money” Corporate Governance
“Last night’s release of the first quarter data on aggregate Japanese corporate profits confirms my twelve-year theme about improving corporate governance there and how investors should not worry about the slow domestic economy.”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
Forbes: The Future Of Navarro And America First Policies
“Many people are claiming that President Trump’s aggressive trade rhetoric during the campaign has been permanently overridden by the realities of the presidency.”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
How would a Korean crisis impact Japan?
While highly unlikely, we examine the potential impact on Japan of a major crisis on the Korean Peninsula.
Forbes: What Was Japan's Bubble Like In 1989?
“Japan's example should always provide a guide to investors to be wary of arguments that surges in risk assets to high valuations based upon huge monetary and fiscal policy stimuli, coupled with excessive confidence, even if long-lasting, are acceptable.”
John Vail, Chief Global Strategist for Nikko Asset Management, contributes a regular column to Forbes.com
Japan in Motion: What does the future hold?
We believe that Abenomics is working, however we feel that its success cannot be determined by viewing government policy frameworks in isolation.
Green Bonds – The Next Global Disrupter?
Steve Williams, the Portfolio Manager responsible for Green Bonds in Nikko AM’s London office, examines how this burgeoning asset class is likely to develop into a mainstream part of global fixed income portfolios.
