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INSIGHTS

 


Asset Class Reports
Positive global economic data led to a rally in risky assets over the quarter. Emerging markets outperformed all major asset classes as improving global growth characteristics resulted in better trade prospects. Risk-on assets also benefited as U.S. trade and protectionist concerns subsided.
Asset Class Reports
Developed market bond yields rose quickly and swiftly as a result of higher growth, higher inflation prospects, and faster than expected interest rate increases by the Fed. Moreover, markets are expecting President Trump to implement significant fiscal stimulus by way of infrastructure spending. As a result, pro-growth…
Asset Class Reports
In September, the FOMC decided to keep the federal funds rate unchanged, citing the need for further improvement in the labor market. While the committee remains constructive on the economy, the group reiterated that rate hikes will happen in a gradual manner given current economic conditions and global externalities. …
Asset Class Reports
In June, the U.K. surprised global markets by electing to exit from the European Union. The news immediately led to a sell off in risk assets and a subsequent bid for safe government bonds. Fast forward a week later, global equity and currency markets reversed course as investors considered the prospect of more accommo…
Asset Class Reports
In March, the FOMC decided to hold short-term rates steady as Chair Yellen cited caution in normalizing interest rate policy. While U.S. unemployment has remained low and labor force participation has increased, growth concerns in China and in other developing nations have resulted in a cautious approach by the Fed. Co…