Our forecasts

All forecasts at a glance

Still optimistic but with modest expectations

By: Björn Jesch

As Europe and China are not really getting into their stride, it is once again up to the U.S. and above all its consumers to keep the rally going. In our core scenario, we believe they can do that.

Americas CIO View

By: David Bianco

Clear for landing: Coming in steep, adjusting monetary and fiscal thrusters

The ECB seems increasingly confident

There are good reasons European monetary policymakers appear increasingly confident of reaching their inflation target of 2% again in the not-too-distant future.

Japan – still on track

By: Björn Jesch, Lilian Haag

Japan’s financial markets suffered more than most in the early August global market correction. While this shows the perils of leveraged carry trades based on a weak yen, the investment case for the country remains positive.

Long View Q2: Equity concentration risk & long-term estimates for Value, Growth and Small Cap

By: Jason Chen, Dirk Schlüter, Bhavesh Warlyani

China dominates the expansion of solar capacity

Growing supply led to significantly falling prices for solar modules

APAC CIO View

By: Ivy-sw Ng, Tommy Law

China and India Focus on Fiscal Discipline

No more tailwind from money supply

For a year now, equity markets have been running ahead of the money supply. You can look at it one way or another, but stocks have one less stimulus to benefit from.

Change in styles to calm nerves

Fully participating in a potential market recovery or staying cautious given the market nervousness? For combining both, the portfolio needs the right diversification

Direct Lending shows vigorous growth

By: Björn Jesch, Dan Robinson

An attractive alternative to investments in the public capital market?

European High Yield for Allocators

By: Jason Chen

Evaluating the use of European high yield within an investment portfolio

Are we entering a bear market?

Trading on Monday continued where it ended on Friday. Where will it stop?

Time for a change in styles

By: Björn Jesch

Corporate bonds are currently in high demand. Despite already expensive spreads, in our opinion there is no trend reversal to be feared due to a healthy environment.

Largely justified correction

Markets may remain choppy for some time but we don’t expect a bear market