Evolving Markets

Investment Insights by our experts and thought leaders

What's to come? - China's RMB as a global reserve currency

The IMF's decision to include the Renminbi into the SDR is a major push for the RMB to become one of the world's major reserve currencies.

Australia: Lower GDP growth and CPI should mean lower 10-year bond yields

Our lead Australian fixed income portfolio manager discusses her intermediate-term outlook for the bond market “down under.”

Economic Disappointment in Japan Should not Worry Equity Investors

Once again, as has long been our view, disappointing macro-data should not worry investors in Japanese risk assets very much at all.

Did ECB QE Jump-start Eurozone Earnings Like the US Experience?

We update our views on whether ECB QE has had a positive effect on corporate earnings.

Why the BOJ does not need to ease much, if at all

There are many reasons for the BOJ to defy consensus expectations for more easing.

What Investment Themes Will Drive Credit Markets?

What Investment Themes Will Drive Credit Markets?

A better supply/demand balance in Europe, outperformance of “high yield“ globally, positive event-risk in the telecom sector and opportunities in local currencies, as well as other credit related investment themes, all present interesting opportunities for generating positive returns, even in a challenging environment.

Sifting Through The Ruble: Global Commodity Currencies

Our Nikko Asset Management fixed income experts, led by Simon Down, discuss the prospects for commodity currencies.

G-3 Economies Should Continue Relatively Firm

In our view, the G-3 economies will fare reasonably well, and basically match the current consensus in the next few quarters; however, there will be significant challenges for each region.

Our logic for the Fed hiking in October and thereafter

For the time being, we are not estimating a date for reducing the Fed’s balance sheet, but a 2Q16 initiation seems quite logical at this stage.

Forecasting a Stronger USD and Higher Bond Yields

Although we expected G-3 bond yields to rise, they did so less than we predicted in our June meeting. We expect yields to rise moderately further for the next two quarters.

Disruptive Innovation

Multi Asset Strategies to Capture Growth with Lower Volatility

The changing shape of China's economy