Asian/European Markets

A portfolio’s return is driven by its investment strategy—a set of decisions that governs allocation and timing of capital among the portfolio’s positions.

Given the many forces shaping the economy and markets, 2022 will be a stock picker’s—and a bond picker’s—market. Prices are indeed stretched in pockets of the market, but many areas offer attractive potential supported by compelling fundamentals and exposure to growth themes.

The COVID-19 pandemic looked set to batter the world’s banks—and yet banks’ balance sheets are now the strongest they’ve been since the global financial crisis (GFC).

“Supply chain” used to be a piece of business jargon that rarely made its way into normal conversations.

A “boatload” of news this week suggests that the shipping industry continues to look very attractive from an investing point of view. Global cargo carriers are estimated to have recorded $150 billion in profits in 2021, the first time they’ve collectively reached that figure in a single year.

Many analysts project China will soon be larger by GDP than the US—which shouldn’t be so hard with a population four times larger—but it’s not clear to me that China’s seemingly unlimited linear growth will continue three or four more decades. I can remember when the same was said about Japan.

In his renomination hearing, Fed Chair Jerome Powell stressed that the key to maximum sustainable employment and financial stability was keeping inflation low.

When reviewing the current state of the global economy and investment markets, we recommend focusing on market signals and weeding out market noise.

The surge of the coronavirus omicron variant has implications not only for broader asset-class allocations but also for macro exposures within asset classes.

Headquartered in Japan, Sysmex is the No. 1 provider of blood diagnostics equipment in the world.

For China, the year ahead holds special political and economic significance.

All 2-sigma equity bubbles in developed countries have broken back to trend.

With January being a month for prognostications, David Mann, our Head of Global Exchange-Traded Funds (ETFs) Capital Markets, shares his annual outlook for the ETF industry and key trends he sees taking shape in 2022.

Most investors need little persuading that emerging markets offer exciting opportunities.

Last week, U.S. Treasury bond yields, climbed back to their pre-pandemic levels.

Members of Loomis Sayles' Global Credit Sector Team share their views on key themes in 2022.

Howard Marks’s latest memo considers one of investing’s most fundamental questions: when to sell. Howard explains that it’s foolish to sell because prices are up and because they’re down – and why, most of the time, staying invested is ultimately “the most important thing.”

The flow of excess cash has returned to normal, but the stock is still quite elevated.

Few inventions have touched so many lives as the container.

In an economy where the Fed has lost every systematic tether to common sense, empirical evidence, and concern for financial stability, it’s worth beginning this first market comment of 2022 by recalling the ways we’ve adapted in order to navigate that environment.

The strong inflation report combined with employment data will likely prompt the U.S. Federal Reserve to begin hiking its policy rate in March.

Loomis Sayles' Emerging Markets Debt Sector Team share their views on key themes in 2022.

The Northern Trust Economics team shares its outlook for the Federal Reserve and the U.S. economy.

The year ended on a highly upbeat tone for investors as equities rose to new heights against a backdrop of inflation and a prolonged pandemic

Based in Tokyo, Japan, Kurita Water is a global leader in water management and water treatment chemicals.

This is the 3rd in a series of 11 videos where I will cover each of the 11 sectors looking for value. There are somewhere between 18,000 to 20,000 stocks comprising the US and Canadian stock markets. With

Inflation is rising rapidly, not an unexpected outcome given governments’ pandemic policy response of ballooning deficits and soaring government debt.

The global macro environment is ripe for EM assets outperformance as a combination of stronger growth in China, the end of exceptionalism in the US and less uncertainty on US interest rates, lead to a strong backdrop for EM assets.

Uncertainty has become an ongoing theme in markets, economies, and communities everywhere, and in this environment, PIMCO investment professionals gathered – virtually, once again – for our recent Cyclical Forum.

Long before supply chain issues and soaring consumer prices made the headlines, I warned readers that massive monetary expansion made persistent inflation inevitable.

January market trends historically set the direction for the full year per his title “As January Goes”. Well, so far, not so good!

Some of the most exciting growth areas pertain to strong secular trends, many of which are agnostic to the growth potential of any geographic region.

Rates have seemed lower than they should be for a long time. With inflation surging higher now, it is critical investors solve this puzzle so they can construct portfolios accordingly

Most global equity managers today are underweight Japan.

Twenty-two years of tradition dictate I begin the new year by forecasting what lies ahead.

Every year around this time, we update our always-popular Periodic Table of Commodities Returns.

This quarter’s strategy report, Forward Thinking 2022.

Rising inflation is troubling bond investors worldwide, but European bond markets will likely experience comparatively weaker inflation pressures and stronger central bank support.

For emerging-market debt (EMD), 2022 is shaping up to be a contest of conflicting forces.

With both the pandemic and inflation proving longer lasting than many had anticipated, what does that mean for central bank policy in the months ahead?

Every year has plenty of lessons when looking backward in December.

India reported spending a record $55.7 billion on gold imports last year.

If you have read the Absolute Return Letter for years, you will be aware that the January letter always stands out from the others.

Not much has changed in regards to my economic growth outlook going forward since my most recent growth cycle update.

In this issue of Sinology, Andy Rothman explains why China’s 2022 investment environment will be defined by two competing weather patterns.

Few investors would’ve anticipated the very strong returns we’ve seen, particularly in the US market.

Equities have enjoyed strong gains since the pandemic low of 2020, aided by massive monetary and fiscal stimulus, excess consumer savings, and incredibly negative real policy rates and bond yields.