UK Property: Finding Opportunity Amid Heightened Political Risk
We remain cautious on UK property, but bold investors may find opportunities in the post-‘Brexit’ environment.
Research Publications Archive
The Consequences of Negative Interest Rates
Low rates have distorted markets and generated unintended problems for investors and lenders. Central bankers are increasingly aware of these consequences and are slowly moving to press the pause button. It will take even more courage for them to begin to reverse the unprecedented interventions in bond and other markets.
Does the OPEC Agreement to Limit Oil Production Improve Prospects for Natural Resources Equities?
Yes, though we expect natural resources equities (NREs) to continue to benefit from the rebalancing of supply and demand occurring in oil markets, irrespective of whether the 14-nation cartel follows through on its provisional deal to limit production.
Comparative Asset Allocation and Total Return: UK Foundations and Endowments
Our biannual report summarizes asset allocation and total investment performance for 27 of Cambridge Associates’ UK foundation and endowment clients.
The Opening of China: An Update for Investors
Despite its economic size, China remains under-represented in global investment benchmarks. Recently announced reforms have the potential to improve investor access and increase China’s weight in global benchmarks.
Elevated Valuations for “Smart Beta” Strategies: A Crash Waiting to Happen? We’re Not So Sure.
We see scant evidence that richening valuations doom popular alternative beta strategies to underperformance, or that they are the primary source of historical excess returns.
Comparative Asset Allocation: Private Clients
Our biannual report summarizes asset allocation for 107 of Cambridge Associates’ US-based private clients.
Given Today’s Investment and Macroeconomic Environment, Is it Appropriate to Meaningfully De-Risk Portfolios?
In this edition of CA Answers, two members of our Global Investment Research team share their differing perspectives on whether investors should temporarily de-risk portfolios today. Sean McLaughlin argues that diversified portfolios incorporate shock absorbers already, and that temporarily boosting tilts to defensive assets is likely to be counter-productive. Eric Winig agrees that market timing…
Don’t Forget the Credit Spread!
While corporate plan sponsors are keenly aware of interest rate risk within their defined benefit plans, few fully appreciate the complex and significant risk posed by credit spreads.
Eurozone Equities: Dialing Down Expectations
Though valuations for Eurozone equities remain attractive, waning earnings growth and the difficult macro picture keep us neutral for now, but continuing to watch closely as US valuations push ever higher.