Market Matters: August 31, 2025
Equities advanced as peak tariff uncertainty appeared to wane, fixed income performance diverged among major regions, the US dollar broadly depreciated, and real assets mostly advanced.
Authored by: Stuart Brown
Market Matters: July 31, 2025
Global equities advanced as lingering uncertainty over US trade policy eased.
Can Latin American Equities Continue Outperforming?
Yes. We believe Latin America will benefit from today’s shifting market dynamics, supporting its outperformance over broader emerging markets stocks.
Market Matters: June 30, 2025
Global equities surged, closing the quarter at all-time highs.
Market Matters: May 31, 2025
Global equities rallied as trade negotiations between the United States and China progressed.
Market Matters: April 30, 2025
Global financial market volatility surged in April as investors priced in the potential impacts of so-called reciprocal tariffs revealed by the United States, which significantly raised import levies on virtually all trading partners.
EM Equity Performance Reflects Initial Tariff Risks
Overall, we think investors should hold EM allocations in line with policy targets. But periods of volatility and equity market dislocations often present opportunities for investors to add value through tactical portfolio tilts.
Are Indian Equities an Attractive Overweight After the Recent Sell-Off?
No, we do not think so. India’s economic growth is set to continue moderating, which may lead to further downgrades to stretched earnings growth expectations.
Market Matters: February 28, 2025
Global bonds rallied, outpacing equity markets as concerns mounted that a change in global trade dynamics would weigh on economic growth.
Market Matters: January 31, 2025
Global equities advanced in January as cooling inflation and US tariff delays catalyzed a risk rally in the second half of the month.