November 6, 2017
Naman Agarwal's picture

Low interest rates have propelled a search for yield and rotation into higher-yielding emerging market (EM) debt, resulting in record inflows into the asset class. As discussed by Fernanda Fenton in April, the investor base continues to grow beyond dedicated EM investors, further intensifying the rally in EM sovereigns. In the current year,...

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October 20, 2017
Geofrey Marshall's picture

At the CI Leadership Conference in Palm Springs, I articulated an analogy to a small group in the Signature “Earn Better Income” breakout session that I wanted to share with our readers. 

Each year, as part of their great migration across the Serengeti, two million wildebeest cross the Mara River to reach the grasslands in Kenya. ...

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October 10, 2017
Kamyar Hazaveh's picture

The separation of investing into benchmark (beta) and value-add (alpha) is the foundation of institutional portfolio management. The concept of “portable alpha” has been used extensively to help with the efficient portfolio design on different benchmarks that reflect investors’ various long-term goals. This article, on the other hand, will deal...

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September 29, 2017
Gorlen Zhou's picture

 

 

 


Co-author: Matthew Strauss

Many economists express doubts about China's ability to move up the value chain to attain the status of a higher-income economy, especially since China started losing its competitiveness in light...

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September 8, 2017
Drummond Brodeur's picture
Co-authors:      

Eric Bushell

Matthew Strauss

Bob Lyon 

 

...

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August 23, 2017
Goshen Benzaquen's picture
Co-author: Paul Borean    

Housing market affordability stretched, downside risks increase 

The wave of unconventional monetary policy accommodation that followed the global financial crisis gave rise to a pronounced easing in financial conditions,...

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July 31, 2017
Eric Bushell's picture

June 19 marked the 10-year anniversary of the start of the financial crisis in the U.S.  One week later on June 27, as Italy finalized the recapitalization of Banca Monte dei Paschi di Siena SpA, global bond yields began to rise in a synchronized fashion by 25–50 basis points (see chart). Despite inflation levels that remained below stated...

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July 24, 2017
Kamyar Hazaveh's picture

A lot has changed since we positioned our various portfolios for the reflation trade back in the summer and fall of 2016. The initial euphoria around the new administration in the US has faded, continental Europe has rejected the populism that rocked the Anglo-Saxon world, and emerging market assets have seen a noticeable recovery.

...

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July 18, 2017
Geofrey Marshall's picture

When we launched the Signature High Income Fund in 1996, the Signature team pounded the table with that simple premise. As interest rates fell starting in the early 1980s, yields in traditional parts of the bond market were, and continue to be, insufficient to generate an acceptable level of income. Nonetheless, government bond yields kept...

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June 27, 2017
Stephane Champagne's picture

Broad implications for retail

According to Euromonitor, the U.S. grocery market is $780 billion in size, with just over $9.8 billion (approximately 1.3%) of those sales placed online. While the overall grocery market is expected to grow at less than 2% annually through 2020, excluding inflation, online grocery is...

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