The shift to an inflationary late cycle has been confirmed with greater conviction and a focus on higher inflation (and rates). Economic momentum is still...

Understanding the factors that contribute to setting investment objectives in the Investment Policy Statement.

Interpretation on the view that the Fed is "behind the curve" from Fed official and investment implications associated with the statement.

The presentation provides insights into how the current war/energy crisis is exacerbating the already high inflation. The material also details what strategies...

Understanding the dynamics of inflation and how the psychology of inflation can make it more permanent than expected

We expect QE to end in Q3, as announced, followed by rate normalisation, which is likely to lift rates out of negative territory over the next few months,...

In this piece we address the impact of de-globalization on investors, and in particular the road back to the benefits of international diversification.

Update on Ukranian crisis focusing on US economy and investment implications

The Fed is determined to hike rates rapidly. In the short-term the US economy will be supported by the many cushions present in the economy, as a result...

We expect inflation to trend higher across emerging and developed markets and growth to be lower than initially expected, with higher risks for Europe...

There are multiple scenarios for the continuation of the crisis. What is certain is that volatility will persist and real interest rates will remain in...

Understanding the long-term implications of the Russian-Ukraine conflict in the regime shift in course.

Understanding our key convictions and portfolio implications on inflation trends ahead

Because of unorthodox economic policies, Turkey will face a tough year ahead, with inflation peaking at a 20-year high… but we do see some lights at the...