Investment themes

Using thematic investing to help you meet your investment challenges

Investors are facing unprecedented challenges in today's global markets. Finding answers can be hard. We have identified a few key investment themes and matched our investment solutions around each, helping you to meet your investment challenges.

Opportunities in emerging markets

We see consumer spending, healthcare, real estate, and information technology as the key growth themes in emerging markets. However, the environment is dynamic. It is influenced by various diverging growth trends, and faces many political and economic challenges including industrialization and the digital revolution. We therefore believe that an active country, sector and security selection, based on exhaustive top-down and bottom-up research, is a prerequisite to add value to emerging markets portfolios.

Toward normalisation – the uneven path to growth

July 2016 marked an inflection point from deflation to reflation. Bond yields started to rise on a brighter growth outlook. We expect global inflation, led by the US, to increase very gradually. In our view, the expected rise in US policy rates is likely to be the most modest and gradual normalisation in the history of the Federal Reserve. However, the path to growth is likely to be uneven due to various risks, particularly the balancing act which will be necessary to exit successfully from ultra-accommodative monetary policy.

Sustainable and impact investing

Investing with a new set of eyes

Modern sustainable investing is all about that providing our clients with new important new tools to help build stronger portfolios and generate better, more sustainable, returns.

Low yield

Low yields have presented a significant challenge to investors for a number of years. We see a moderate US-led reflation which is slow and expect inflation and interest rates to reach levels well below the average of past recovery peaks. While global growth is likely to pick up, yields are still at low or negative levels and we expect them to stay low in Europe and Japan in the foreseeable future.