insights.

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. 

Building climate-aligned portfolios requires a forward-looking assessment, which is a challenging task due to model uncertainty. It is important to quantify model error and incorporate it into the investment process to ensure credible climate-aligned portfolios.

A selection of stories from November that reflect the fast-moving pace of the sustainability transition.

The performance of sustainability stocks in 2023 does not reflect the market’s judgement on the transition, in our view. On the contrary, we believe it is largely linked to cyclical factors.

Our approach in systematic equities to implementing macro investing can add value as it moves beyond traditional factors to a wider universe of equity styles.

Equity indices have become extremely concentrated, undermining diversification within passive strategies. Can active managers better navigate this market?