Portfolio perspectives
Investment strategies and asset allocation
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Low-volatility equities under COVID-19
Many investors consider low-volatility stocks to be reliable defensive equity investments over the long term, delivering higher risk-adjusted returns than…
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Exploiting the low volatility anomaly in practice
The low volatility anomaly, first reported on 50 years ago, can be implemented across asset classes, sectors and regions. As...

Talking heads – Tapping into the wide fixed income opportunity set
Policy rate increases are reverberating across financial markets. This has caused volatility to spike higher, particularly in bond markets. The...

Shifting expectations among investors on ETFs
Investors we have surveyed expect the European market for ESG[1]exchange-traded funds (ETFs) to continue to expand over the coming year....

Graph of the week – Volatility in bonds creates opportunities
A flight to safety in the wake of the failure to two US banks led to an abrupt fall in...

Talking heads – Sheltering from volatility with real estate debt
Investors combing financial markets in search of safe passage amid rising interest rates and uncertainty over the direction of economies...

Talking heads – US high-yield bonds, where do we go from here?
High-yield bonds – defined as corporate bonds rated below BBB− or Baa3 by established credit rating agencies – have had...

Investing in water - A raft of solutions
The opportunities are not only a consequence of climate change effects – severe flooding or drought – but also of...

Evidence of the low volatility anomaly
It is relatively easy to demonstrate the low volatility anomaly – the phenomenon that first came to light half a...

Allocating to private assets in open-ended funds
Private assets such as private equity and private debt have come to the fore as a viable alternative for investors...
Talking heads

Talking heads – Tapping into the wide fixed income opportunity set
Policy rate increases are reverberating across financial markets. This has caused volatility to spike higher, particularly in bond markets. The...

Talking heads – Sheltering from volatility with real estate debt
Investors combing financial markets in search of safe passage amid rising interest rates and uncertainty over the direction of economies...
Asset allocation

Long-term asset allocation – A different outlook
What a difference a year makes. At the start of 2022, the US S&P 500 index was trading at 22x...

Multi asset update – US equities back to neutral after early sprint
Following a strong new-year rally in US equities, we have taken profits on the long position we held in the...