The fourth edition of our Multi-Asset Research Series (MARS) introduces the regime-parity portfolio: a new approach for risk-based portfolio construction.

Fixed-income assets are cheap on a multi-year horizon in Asian and emerging markets such that the risk-reward is asymmetric, offering attractive potential regardless of a bearish or bullish environment for patient investors, in our view.

Our industrial food system no longer makes economic or environmental sense. How could our diets change in the future? The answer largely depends on decisions that we make today. We explore different scenarios. 

The equity market rally appears to have been driven by retail investors. Is this sustainable?