May 2018

Fixed income in a flat yield curve environment

Kamyar Hazaveh's picture
The difference between short-term and long-term yield in the U.S. and Canada is the narrowest in a decade. The flatness of the yield curve has been the subject of financial media coverage as a recessionary sign. This article summarizes our research on the meaning and impact of a flat yield curve on financial markets.

China A shares inclusion: Don't miss the big picture

Matthew Strauss's picture
As of June 2018, several onshore Chinese stocks – so-called A shares – will be included in the widely followed MSCI Emerging Markets Index and MSCI All Country World Index; but don’t be swept up by the hype and marketing gimmicks surrounding the event. The move in and of itself is not a game changer, but it is an important reminder that China is changing the way global investors should think about their investment strategies.