Discussing the topics that matter

Can hybrid securities “fill the gap” between equities and bonds?

With bond spreads tight and equity valuations stretched, many portfolios face return challenges. Hybrid securities can fill the gap between the two asset classes.

Embracing Disruption

Premium brands, smaller waists: GLP-1s and the premiumization of healthcare

GLP-1–based anti-obesity medicines are incretin therapies that reduce appetite and improve cardiometabolic risk, shifting obesity treatment from short courses toward chronic medical management.

Navigating Rates

Three macro themes for Asian fixed income investors in 2026

A divergence between tech exporters and demand-led economies, a “rewiring from within” thanks to regional trade, and less dependence on developed markets – here are our top macro themes for Asian fixed income investors this year.

Navigating Rates

Fixed Income Forward: February 2026

We foresee a narrower range of macro outcomes in 2026. Our base case of a reflation-type macro scenario with overall accommodative financial conditions supports a carry environment. We also note that the renminbi has begun to appreciate at an accelerating pace in recent weeks.

Navigating Rates

EMD Monthly Market Musings - New year, new opportunities – more strong returns for EMs?

After strong performance in 2025, we think emerging markets (EMs) are poised for another good year, supported by improved macro fundamentals, solid policymaking frameworks and more stable politics. Our outlook for a weaker US dollar implies a tailwind for EM local currency opportunities, which we continue to prefer. Net sovereign issuance is likely to fall, the asset class remains under-allocated, and foreign inflows are coming back, including from China.

Navigating Rates

Where AI meets geopolitics and security: key insights for investors

The boom in artificial intelligence is creating exciting growth opportunities but also risks. We examine the geopolitical and cyber threats involved with this emerging technology.