China: downturn or u-turn?

By: Björn Jesch

China is experiencing a crisis of confidence, increasing the danger of all-out crisis. But our core scenario remains relatively positive as we also see important structural strengths.

Europe’s depleted Covid savings

The extraordinary savings of the Covid period are depleted now, except among the wealthy – who aren’t quick to spend. So, the economy gets no savings boost this year.

The gap between China's growth and profits

Officially published economic figures are regularly criticized, especially when it comes to China. Taking a look at corporate profits shows why.

China's electric carmakers are just getting started

News about price wars and company troubles in China are no reason for Western carmakers to sit back. Rather, they are harbingers of still more competitive times ahead.

Americas CIO View

By: David Bianco

Exploring other schools of thought: All schools out for summer?

Keep calm and carry on?

Lessons from the Brexit and other attempts at forecasting the perfect entry and exit points in stock markets

Investment Traffic Lights

By: Björn Jesch

Our monthly market analysis and positioning

AI: boom, bust or sustainable earnings bump?

Artificial Intelligence could bring big productivity boosts across industries. Being able to reliably identify long-term winners and losers is a different matter altogether.

An oddly timed U.S. rating downgrade

From both a market and a political perspective, the “news” that Fitch now rates United States' long-term ratings as 'AA+' contained no new information and is likely to have very little direct market impact.

When politics no longer shock

We draw some broad lessons from Spain’s inconclusive elections on how to think about politics in Southern Europe since the 2008 global financial crisis.

Americas CIO View

By: David Bianco

Growth at any price?: Tech investors pay 1999 growth premiums again

No pressure, no diamonds: Letter to our investors

By: Paul Kelly

Global Head of Alternatives | Paul Kelly

Unbearable weight of heavyweights

Nasdaq adjusting the weights of its index because the Big 7 have become too big. This is not only bad for investors, but also the free market.

After the pandemic savings glut

Why we think there might still be excess savings left, even among U.S. households, to keep the global economy rolling for a little longer.

Inflation: here to stay?

By: Björn Jesch, Martin Moryson

The Long-Term Inflation Prospects