Investment Insights

 

New Zealand Equity Monthly (February 2025)

February was a challenging month for New Zealand’s stock market following a weak corporate earnings season. Looking ahead, however, we remain confident about the market in 2025 and after. A key reason for this is the interest rate cutting cycle by the Reserve Bank of New Zealand that is currently underway.

Navigating Japan Equities: Monthly Insights From Tokyo (March 2025)

We assess the factors behind the recent surge in Japan's long-term yields and its implications for equities; we also analyse the robustness of corporate earnings amid the structural economic changes taking place.

A year later: five reasons we're still bullish on Japan

In March 2024, after the Nikkei Index reached an all-time high, we offered five structural reasons why Japan's economic resurgence was more than just a flash in the pan. Almost a year later, those five reasons remain just as relevant for investors considering an allocation to Japan.

Global Equity Quarterly (Q4 2024)

Our focus on franchise and management quality allows us to look forward with optimism, whilst balance sheet quality and valuation discipline provide comfort for when the fireworks start for all the wrong reasons.

Balancing Act Monthly Insights: Global Multi-Asset (February 2025)

For January, we reduced our overweight position in growth while maintaining our overweight position in defensives. With respect to growth assets, Trump's second presidency ushers in a new era of US exceptionalism which has implications on the rest of the global markets.

What the return of interest rates means for Japan

In January, the Bank of Japan raised short-term interest rates to 0.5%, the highest level seen in 17 years, as it continued with its slow but steady withdrawal of accommodation. As the Japanese economy shows ongoing signals of recovery from decades of stagnation, we assess the impact the return of interest rates could have on the country’s households, firms and government.

A passage to India’s healthcare sector

The Indian healthcare sector is projected to become one of the top global markets by 2030, driven by demographic changes, rising incomes, and expanding insurance coverage, presenting long-term investment opportunities.

Harnessing Change-Monthly Insights: Asian Equity (January 2025)

We believe the introduction of DeepSeek may cause a recalibration of capital expenditures. Its introduction has initiated a shift towards a more cost efficient, scalable, and accessible AI landscape.

On the Ground in Asia-Monthly Insights: Asian Fixed Income (January 2025)

We see Asian local government bonds being supported by accommodative central banks amid an environment of benign inflation and moderating growth. Within the region, we expect investor appetite for higher carry bonds such as those of Malaysia, Indonesia and the Philippines to stay firm relative to their regional peers.

Did DeepSeek cause an AI paradigm shift?

The speed at which AI applications are becoming part and parcel of daily life is breathtaking, with DeepSeek's apparent breakthrough merely accelerating an inevitable, fundamental change in the field. We firmly believe these breakthroughs are the key components needed for sustainable, long-term returns.
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