Market Matters: January 31, 2024
Equity markets continued to climb in January, led by developed markets equities, where Japan and Europe ex UK outperformed.
Equities
Review of Market Performance: Calendar Year 2023
Risk assets enjoyed mostly positive returns in CY 2023. Developed markets equities led as fears over the severity of a possible recession moderated and inflation declined.
Market Matters: December 31, 2023
Risk assets soared in Q4, sending calendar-year returns for several asset classes to multiyear highs.
US Manager Universe Statistics: Third Quarter 2023
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
2024 Outlook: Public Equities
We expect global equity performance will be below its long-term median level, but we believe investors should hold equity allocations in line with policy targets. Within equities, we see opportunities in developed value, developed small caps, and China. We doubt European and emerging markets ex China equities will outperform, and we believe the share of active strategies that outperform will increase.
Market Matters: November 30, 2023
Global equities enjoyed a blockbuster month, up 8%, led by the United States.
Do Shifting US-China Geopolitics Create Investment Opportunities Elsewhere in Asia?
Yes, US-China geopolitical realities are already having an impact on trade and investment flows within Asia. China will remain an important destination for investor capital, but the shift in capital flows, alongside positive domestic structural developments in other parts of Asia, create investment opportunities beyond China that deserve a closer look.
Market Matters: October 31, 2023
Risk assets broadly declined in October.
US Manager Universe Statistics: Second Quarter 2023
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
VantagePoint: Asia Opportunities Amid Shifting Geopolitics – Part II
The shifting geopolitical realities between the United States and China have already impacted trade and investment flows. In this two-part series of VantagePoint, we review this reality and consider investment implications alongside those of other key factors—such as domestic structural developments, macroeconomic conditions, and valuations. In Part I, we focused on opportunities in China specifically. In this companion piece, we discuss investment opportunities beyond China.