Latest fixed income thinking

Degrees of separation: Re-examining the relationship between EMD and the dollar

7 May 2019

Old assumptions on the traditional link between emerging market debt and the greenback are being challenged, writes Liam Spillane.

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The EM framing fallacy: Emerging market debt and the trials of a misunderstood asset class

7 May 2019

How we frame things deeply affects how we process information and subsequently act on it. So much so that, despite convincing evidence to the contrary, it can be extremely hard to shake off a fabled preconception. It seems that once a label sticks it can be very hard to dislodge.

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Could the euro zone periphery head off the rails again?

17 Apr 2019

Almost a decade on from the sovereign debt crisis, we explore whether the euro zone’s peripheral economies have materially improved or old vulnerabilities will again become apparent as growth slows.

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Trading places: Southeast Asia seizes opportunities amid US-china spat

14 Mar 2019

Trade wars have disrupted supply chains and weighed on stock performance in emerging markets. But as manufacturing companies shift production away from China to evade tariffs, some of its neighbours are thriving.

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Interest rates on hold, but not in reverse

26 Feb 2019

Financial markets have surged since the start of the year after central banks appeared to put monetary policy tightening on hold. Our investment teams give their views on where monetary policy goes next and what that means for asset prices.

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Life after Merkel

14 Dec 2018

Annegret Kramp-Karrenbauer has replaced Angela Merkel as leader of Germany’s ruling CDU party, and may soon take her place as chancellor. What does this mean for Germany – and Europe?

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Rising volatility signals trouble for US corporate bonds

13 Dec 2018

The long-awaited shift in monetary policy appears to be resulting in a new volatility paradigm. That could have adverse consequences for US corporate bonds even if economic data holds firm, argues Joubeen Hurren.

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Global equities experience a sharp sell-off

29 Nov 2018

Equity markets fall sharply in October.

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The Italian budget drama

30 Oct 2018

The Italian government’s plans to sharply hike spending leave it on a collision course with the EU. But financial markets, as well as Brussels, will determine whether the populists in Rome can deliver on their electoral pledges.

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Earthquakes and economics: Bali IMF summit highlights the divergence in EM debt markets

18 Oct 2018

The recent Annual Meeting of the IMF reinforced that EM debt investors should pay extra attention to countries’ individual circumstances, write Aaron Grehan and Carmen Altenkirch.

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US holds the key to emerging markets’ prospects

3 Oct 2018

With emerging market assets under pressure on the back of rising US interest rates, a strong dollar and an escalating trade war between the US and China, our equity and bond teams give their opinion on areas to avoid and where pockets of value are emerging.

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Credit investing – bias beware as the cycle turns

20 Sep 2018

A sound portfolio construction process is critical to avoiding the pitfalls of behavioural biases, which will become all too apparent as the credit cycle turns

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AIQ Investment Thinking

Get our perspective on key themes influencing investment markets globally.
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House View

A quarterly publication which encapsulates the thinking of our investment team.

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