- Alternative Assets
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- Quarterly Global Valuations
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International Markets
Firm
Type
International Markets
September 2026
International Equities: More Than Geographic Diversification
Artisan Partners
Research
5 Pages
Artisan Partners argues international equities diversify portfolios through different sectors, revenue sources, and economic exposures—not simply geography.
Energy
September 2026
Europe’s electricity price premium
Deutsche Bank
Research
20 Pages
Deutsche Bank examines Europe’s structurally higher electricity costs as both a competitiveness threat and infrastructure opportunity.
Emerging Markets
September 2026
The new strategic investment case for emerging markets
J.P. Morgan Asset Management
Research
31 Pages
The authors argue emerging markets are shifting from a tactical trade toward a strategic allocation as AI, supply-chain realignment, and stronger fundamentals reshape returns.
Markets
September 2026
Europe is finally executing
Allianz
Research
4 Pages
Allianz Global Investors argues Europe is shifting from policy ambition to execution as infrastructure, energy, and industrial investment moves into construction.
Alternative Assets
August 2026
China’s gold chase to gain pace in an uncertain world
S&P Global
Research
32 Pages
S&P Global examines China’s push to treat gold as a strategic asset tied to national security, reserve diversification, and renminbi internationalization.
International Markets
August 2026
Korea: From Industrialization to Internationalization
Deutsche Bank
Research
13 Pages
Deutsche Bank explores how Korea is transforming its massive industrial success into global financial power.
Markets
August 2026
Yen outlook: From carry trade to fiscal worries
Apollo
Research
46 Pages
Apollo Global Management argues the yen has entered a new regime: since April 2025, USDJPY has decoupled from interest-rate differentials as trade and fiscal worries gained influence.
Markets
August 2026
From drift to dynamism: Reinventing Japan to compete in a new era
McKinsey & Company
Research
62 Pages
McKinsey argues Japan’s stability has masked three decades of drift, threatening its position in an AI-driven era.
International Markets
July 2026
Re-Rating Korea: A Structural Case
Barings
Research
8 Pages
Barings argues that Korean equities are shifting from a cyclical semiconductor trade toward a broader structural re-rating driven by AI, governance reform, and new export industries.
Emerging Markets
July 2026
Technology, commodities, and the changing face of emerging markets
UBS
Research
4 Pages
UBS explains why emerging market equities are now being driven by both technology and commodity exposure.
AI
July 2026
Hynix Hijinks
Acadian
Article
6 Pages
Acadian Asset Management examines why SK Hynix’s U.S.-listed ADRs traded far above the company’s Korean shares, violating the law of one price.
Developed Markets
July 2026
Thoughts from the Road: Europe
KKR
Research
8 Pages
KKR argues that Europe’s modest growth outlook masks widening dispersion across sectors and countries.
Emerging Markets
July 2026
“Emergent Seven” puts EM stocks in the spotlight
Capital Group
Research
7 Pages
Capital Group argues emerging markets may be entering a durable rebound as AI, stronger fundamentals, and valuation discounts reshape the opportunity set.
Emerging Markets
July 2026
Emerging markets tech: bubble or structural growth cycle?
Schroders
Article
14 Pages
Schroders examines whether emerging-market tech is a bubble or a structural AI growth cycle.
Emerging Markets
July 2026
Is EM a huge tech play?
Deutsche Bank
Research
8 Pages
Deutsche Bank argues emerging market equities have evolved into a much larger technology bet than many investors realize.
Frontier Markets
July 2026
Navigating Geopolitical Shifts: Finding Opportunities in Frontier Markets
HSBC Asset Management
Research
13 Pages
HSBC Asset Management examines why frontier markets have remained resilient despite escalating geopolitical tensions and argues that recent volatility has widened valuation discounts rather than weakened long-term fundamentals.
Developed Markets
July 2026
Japan’s Strategic Awakening
Goldman Sachs
Research
9 Pages
Goldman Sachs Global Institute explores why Japan's economic revival appears more durable than previous cycles, driven by governance reform, policy normalization, and geopolitical realignment.
International Markets
July 2026
‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock Rally
Bloomberg
Article
3 Pages
Bloomberg examines how Taiwan’s AI-driven stock rally has turned into one of the world’s most leveraged retail trading booms.
International Markets
June 2026
Brexit 10 Years On: what’s worked, what hasn’t, what’s next?
Deutsche Bank
Research
36 Pages
Deutsche Bank revisits the economic impact of Brexit a decade after the referendum, evaluating performance across growth, employment, inflation, trade, and financial markets.
Emerging Markets
June 2026
Emerging markets in a fragmented world: From geography to resilience – the 4Rs framework
Allianz
Research
13 Pages
Allianz Research argues that country resilience now matters more than the traditional emerging versus developed market distinction.
Emerging Markets
June 2026
Emerging Markets 2.0: The Tipping Point Is Here
Allspring
Research
5 Pages
Allspring Global Investments argues that emerging markets may be entering a new era after a decade of relative underperformance, supported by AI infrastructure, manufacturing strength, and attractive valuations.
China
June 2026
Diversification is becoming harder to achieve
Principal Asset Management
Research
6 Pages
Principal Asset Management explains why traditional geographic diversification is becoming harder as AI, energy shocks, and supply chains increasingly connect global markets.
Market Outlooks
June 2026
Global Equity Mid Year Outlook 2026
Charles Schwab
Research
13 Pages
Charles Schwab International says global equities remain supported by stronger earnings and AI driven capital spending, but the rally is increasingly dependent on narrow leadership.
International Markets
June 2026
Japan Equities: The Tide Has Turned and It’s Still Rising
GMO
Research
6 Pages
GMO argues Japan’s equity opportunity is still intact after strong recent returns because corporate reform, earnings growth, and shareholder focus continue to compound.
China
May 2026
The Chinese Equity Bull Market Quandary
Gavekal
Research
17 Pages
Gavekal argues that China’s equity bull market remains intact but increasingly fragmented across sectors and styles.
International Markets
May 2026
Vanguard’s World Stock Market ETF: Is the Whole Better than the Sum of the Parts?
Elm Wealth
Research
4 Pages
Elm Wealth compares owning Vanguard’s all in one global equity ETF, VT, with recreating it through VTI and VXUS.
Markets
May 2026
Korea: From “discount” to re-rating
Deutsche Bank
Research
14 Pages
Deutsche Bank examines whether Korea’s equity rally can move from a valuation discount toward a broader re rating.
China
May 2026
Thoughts From the Road | China
KKR
Research
18 Pages
KKR argues that China remains investable, but the opportunity set is changing as policymakers prioritize stability over stimulus.
International Markets
April 2026
OPPORTUNITY NOW: Unlock a World of Potential Through International Investing
Morgan Stanley
Article
4 Pages
Morgan Stanley highlights how global markets are becoming less U.S.-centric, creating more opportunities for investors willing to look abroad.
Emerging Markets
April 2026
What Matters More for Emerging Markets Investors: Economic Growth or EPS Growth?
Research
15 Pages
The authors test whether emerging markets investors should care more about GDP growth or corporate earnings growth.
China
April 2026
A Tale of Two Countries: The Real Estate Crises in 1990s Japan and Contemporary China
Research
51 Pages
The authors compare China’s property downturn with Japan’s 1990s collapse to show how housing busts can drag on growth even without a classic banking crisis.
Developed Markets
April 2026
Thoughts From the Road: Japan
KKR
Research
16 Pages
KKR’s Henry McVey shares thoughts from his recent Japan and says the key takeaway is that Japan remains one of the more underappreciated opportunities for active ownership, particularly as higher nominal GDP and structural reform begin to reshape return profiles.
Emerging Markets
March 2026
Emerging Markets: The Map Is Not the Terrain
Orbis Investments
Research
18 Pages
Orbis argues the old emerging markets playbook no longer fits current realities.
Fiscal Policy
March 2026
Revamping Britain’s balance sheet for growth and prosperity
McKinsey & Company
Research
10 Pages
Although inflation remains above the Bank of England’s target level, the United Kingdom’s recent correction provides an opportunity to consider how best to rebuild the country’s “balance sheet”—its assets and liabilities across corporations, households, and governments.
Africa
March 2026
Beyond Payments: Unlocking Africa’s Second FinTech Wave
BCG
Research
8 Pages
BCG covers Africa’s fintech market, which has emerged as the fastest-growing market globally. By 2030, revenues are projected to expand roughly 13x to approximately $65 billion.
International Markets
March 2026
International Large-Cap Value
MFS
Research
7 Pages
MFS looks at the state of international allocations and why it may present a way to increase performance and provide diversification.
Developed Markets
March 2026
The long-term performance of Swiss equities and bonds (1900–2025)
Pictet
Research
12 Pages
Pictet Wealth Management analyzes the long-term performance of Swiss equities and bonds back to 1900.
Markets
March 2026
Emerging markets’ strength is coming from within
Robeco
Research
8 Pages
The architecture of the global economy is changing with emerging markets (EM) becoming central to global growth, innovation and wealth creation.
Africa
March 2026
Venture Capital in Africa Report
AVCA
Research
44 Pages
This seventh edition of AVCA’s Venture Capital in Africa report captures a market that is no longer in free fall, but not yet in full recovery.
Emerging Markets
March 2026
Thoughts From the Road
KKR
Research
21 Pages
KKR's Henry McVey wrote about his recent trip to India, which he continues to see as one of the more compelling long-term destinations for global capital, particularly in a world where services, not goods, are driving the next phase of global growth.
China
February 2026
John Arnold on China
Research
8 Pages
John Arnold shared some thoughts from his first trip to China to learn about energy and robotics.
Markets
January 2026
Frontier markets
Meketa
Research
14 Pages
Meketa Investment Group breaks down what frontier markets actually are, how the investable universe has changed, and why the story is not simply high growth equals high returns.
Market Outlooks
January 2026
Asia Views: 2026 Outlook – Coping with the China Shock
Goldman Sachs
Research
14 Pages
Goldman Sachs explains why Asia’s 2026 outlook hinges on whether domestic demand can pick up as China’s export machine stays strong.
China
January 2026
US Exceptionalism Versus Chinese Uninvestibility (Part I)
Gavekal
Research
16 Pages
Louis-Vincent Gave contrasts United States equity strength with the idea that China has become uninvestible as policy choices diverged, arguing that China has deliberately redirected savings into domestic supply chains and resilience, accepting weaker market returns as the price.
Market Outlooks
December 2025
East Capital Outlook 2026: Why invest in emerging and frontier markets in 2026?
East Capital
Research
7 Pages
East Capital explains why emerging and frontier markets look attractive heading into 2026.
Market Reports
December 2025
Guide to the Markets: EMEA | 4Q 2025
J.P. Morgan Asset Management
Research
94 Pages
J.P. Morgan Asset Management updated their Guide to the Markets EMEA through November 30, 2025.
Argentina
November 2025
Argentina, 1500-2023: An Institutional Story
AIER
Research
21 Pages
American Institute for Economic Research traces Argentina's institutional journey from colonial roots to today's turbulent reform moment.
Markets
November 2025
Need for speed – the Draghi report one year on
Deutsche Bank
Research
16 Pages
Deutsche Bank reviews European Union competitiveness one year after the Draghi roadmap. The authors assess how much real policy movement has occurred across defense investment, single market reforms, innovation, and savings and investment initiatives.
Alternative Assets
November 2025
Eastern Frontier: Unlocking Diversification in China
Man Group
Research
13 Pages
Man Group says improving access to more of China's uncorrelated markets offers diversification opportunities to global investors as market dispersion increases.
Markets
November 2025
Biopharma Market Update
Stifel
Research
69 Pages
Tim Opler gives an update on biotech in China (starting on page 34), noting that activity is off the charts and the U.S. venture presence increasingly visible.
International Markets
October 2025
Through a Wider Lens: The Growth Opportunity Beyond US Markets
Jennison Associates
Research
8 Pages
Jennison Associates argues that investors are overlooking compelling growth franchises outside the United States as benchmarks skew toward cyclicals.
Europe
October 2025
Quantitative Precision: Seeking to Unlock High Alpha Potential in European Equities
Goldman Sachs
Research
20 Pages
Goldman Sachs Asset Management outlines a systematic approach to harvesting stock selection alpha in Europe using multi signal models and strict portfolio construction. Emphasis falls on exploiting wide dispersion in quality and valuation, neutralizing unintended bets, and integrating liquidity and risk controls to make signals investable at scale.
International Markets
October 2025
Outlook for Japan
Apollo
Research
43 Pages
Apollo published an outlook for Japan and an outlook for private markets.
Markets
September 2025
MAGA →MEGA
Deutsche Bank
Research
20 Pages
Deutsche Bank examines whether 15 years of U.S. equity dominance are giving way to renewed strength in European markets.
Global Macroeconomics
September 2025
Thoughts From the Road: Southeast Asia
KKR
Research
9 Pages
KKR reflects on recent meetings in Southeast Asia, highlighting strong 2025 equity performance, capital inflows, and demographic tailwinds.
Markets
September 2025
Narrowing the gap: U.S. exceptionalism and developed markets
J.P. Morgan Asset Management
Research
51 Pages
J.P. Morgan’s Strategic Investment Advisory Group examines the fading gap between U.S. outperformance and other developed markets.
Markets
August 2025
How will European companies ever catch their US peers?
Deutsche Bank
Research
13 Pages
Deutsche Bank examines why European corporates lag their U.S. peers in profitability and market depth, focusing on declining efficiency as the critical gap.
Markets
August 2025
Japan’s Dividend & Buyback Surge
Verdad
Research
5 Pages
Verdad Capital reviews Japan’s record surge in dividends and buybacks, driven by Tokyo Stock Exchange reforms aimed at improving capital efficiency.
Markets
August 2025
Thoughts from the Road: Asia
KKR
Research
15 Pages
KKR reflects on recent trips to China and Japan, assessing growth headwinds, trade policy shifts, and investment opportunities across Asia.
Markets
August 2025
Developed ex-US equities
Meketa
Research
13 Pages
Meketa analyzes the structure, performance, and diversification role of developed markets outside the U.S., finding that while correlations with U.S. equities have risen, these markets still offer unique sector and currency exposures.
Markets
August 2025
The Red Thread: Europe Edition
UBS
Research
38 Pages
UBS identifies a strategic inflection point for Europe, as fiscal stimulus and shifting policy dynamics lift growth expectations relative to the U.S.
Markets
July 2025
Indian Summer?
Man Group
Research
19 Pages
Man Group assesses India’s long-term potential, balancing its rapid demographic expansion, capex boom, and digitization progress against rich valuations and geopolitical risks.
Markets
July 2025
Brazil: Rewiring the Economy
Morgan Stanley
Research
6 Pages
Morgan Stanley explores Brazil’s shift from a “lost decade” to renewed growth driven by structural reforms.
Markets
July 2025
Why Are Emerging Markets Investors Removing Their China Exposure?
Marquette Associates
Research
7 Pages
Marquette Associates analyzes the rapid growth of EM ex-China strategies, noting how geopolitical tensions, regulatory risks, and China’s economic weakness have driven investors to diversify away.
Portfolio Management
June 2025
The International Rebalance
Morgan Stanley
Research
7 Pages
Morgan Stanley highlights the entrenched home‑country bias among U.S. investors, with nearly 15 years of U.S. equity dominance masking broader opportunities abroad.
Global Macroeconomics
June 2025
The US Dollar and Why International Stocks are Outperforming YTD
Johnson Financial Group
Research
7 Pages
Johnson Financial Group explains that the US dollar’s sharp depreciation in 2025 has significantly boosted the relative performance of foreign equities for US investors, as currency effects can outweigh underlying stock movement.
Markets
June 2025
Sunrise on Venus
Orbis Investments
Research
12 Pages
Orbis Investments examines the prolonged outperformance of U.S. equities over the past 15 years and highlights emerging opportunities in international (ex-U.S.) markets.
Markets
June 2025
Africa Unleashed: Powering Prosperity Through Energy Access
BCG
Research
23 Pages
BCG walks through the regulatory, financial, technical, and social facets of the challenge to connect 300 million people, mostly in rural areas, to the electrical grid by 2030.
Markets
May 2025
Emerging Markets 2.0: The Tipping Point Is Here
Allspring
Research
6 Pages
Allspring explains why they believe that there is currently an opportunity for investors to diversify into emerging markets given the first signs of an exceptional decade beginning to appear.
Markets
May 2025
Schroders Equity Lens
Schroders
Research
54 Pages
Schroders’ May 2025 Equity Lens report highlights a strong rebound in global equities, particularly in Europe, which outperformed the U.S. by 22% year-to-date—the third-best start in over 50 years.
Markets
May 2025
Road to Renewal: Investing in a New Era for Europe
Goldman Sachs
Research
19 Pages
Goldman Sachs Asset Management outlines how Europe's expansive fiscal and defense initiatives are reshaping its investment landscape.
Portfolio Management
April 2025
Choosing to Lose: Country Misallocation in Discretionary EM Investing
Acadian
Research
9 Pages
Acadian studies the country positioning of emerging market equity managers, finding it didn’t help returns and was infected by return chasing.
Markets
March 2025
Argentina, 1500-2023: An Institutional Story
AIER
Research
21 Pages
This report analyzes Argentina’s long-term economic trajectory through the lens of institutional change, emphasizing shifts in governance, legal frameworks, and economic freedoms influenced the nation’s rise and decline.
Markets
February 2025
Long-Term Investing in Emerging Markets
MSCI
Research
10 Pages
MSCI seeks to identify the drivers of total shareholder returns in emerging-market equities, finding higher profitability, disciplined capital return (including share buybacks), stable earnings and meaningful dividend payouts were common traits by ‘compounders’.
Markets
February 2025
Turning Tides in Emerging Markets
GQG Partners
Research
12 Pages
GQG makes the case for emerging markets, specifically India, Indonesia and Brazil.
Markets
January 2025
Bargain, Value Trap or Something in Between?
GMO
Research
20 Pages
GMO’s Q4 letter covers a number of topics, including why they believe U.S. large cap value stocks are attractive today, why they are cautious on China, and why they are tilting towards quality in U.S. small cap stocks.
Markets
December 2024
UK Equities: New York Calling
Goldman Sachs
Research
19 pages Pages
Goldman Sachs highlights the growing trend of UK companies considering U.S. listings due to persistent valuation discounts and limited domestic equity support.
Markets
December 2024
10 for 10: Themes for the Next Decade
Man Group
Research
9 Pages
Man Group presents ten secular investment themes expected to shape markets over the coming decade, grounded in geopolitical shifts, structural economic changes, and technological disruption.
Global Macroeconomics
October 2024
Prejudice And China
Gavekal
Research
10 Pages
Louis-Vincent Gave highlights how Western leaders missed China’s leap in industrial growth due to travel restrictions, media bias, and cultural prejudice.
Markets
October 2024
Emerging Markets: The Biggest, Fastest Growing, and Arguably Least Understood Pool of Credit in the World
PIMCO
Research
11 Pages
Pimco published an overview of emerging market debt, which has surpassed U.S. corporate debt to become the world’s largest credit pool.
China
October 2024
Uncovering the rich tapestry of emerging markets
M&G Investments
Research
40 Pages
The third edition of M&G Investments’ Ampersand magazine delves into the diverse and dynamic nature of emerging markets, emphasizing the […]
Markets
September 2024
Activism at Scale in Japan
Verdad
Research
4 Pages
Verdad highlights the changes in capital allocation by Japanese companies since the Tokyo Stock Exchange issued a directive last year asking all companies with price-to-book ratios below 1x to issue a plan to get to 1x book.
Markets
August 2024
How Investable is Europe?
Goldman Sachs
Research
32 Pages
Goldman Sachs assesses whether Europe’s cyclical, political, and structural challenges are priced in.
Markets
May 2024
Emerging Market Equities without China
Meketa
Research
12 Pages
Meketa looks at the implications of removing China from the broader emerging markets group, analyzing country and sector composition, historical returns, valuations and more.
Global Macroeconomics
April 2024
Exploring the Implications of Sub-Saharan Africa’s Demographic Explosion
Bridgewater
Research
9 Pages
This paper explores how sub-Saharan Africa’s rapidly expanding working-age population may shape the global economy over coming decades.
China
March 2024
Where Chinese equities go, emerging-market stocks will follow
Fidelity Investments
Research
9 Pages
Fidelity argues that China remains the swing factor for emerging markets given its index weight and valuation reset.
Markets
January 2024
Emerging Market Debt: A Once-in-a-Generation Opportunity
GMO
Research
6 Pages
GMO believes EM local currency debt deserves a prominent place in portfolios today due to relative value, diversification and potential alpha.
Markets
December 2023
Investing in China: Does the opportunity outweigh the risk?
FTSE Russell
Research
21 Pages
FTSE Russell examines whether Chinese equities still offer attractive opportunities given slower growth, policy uncertainty and geopolitical tension.
Markets
October 2023
Japan: The Land of the Rising Profits
GMO
Research
12 Pages
GMO explores why Japanese corporate profits have risen so much without a full shift toward classic shareholder value culture.
Markets
August 2023
The Light from the East
Carlyle
Research
11 Pages
Carlyle explains why Japan’s combination of strong operating earnings yields, very low financing costs, and corporate reform creates a distinctive opportunity set.
Markets
June 2023
Jump in The Deep End
GMO
Research
2 Pages
GMO highlights an opportunity in international deep value where very cheap non US stocks still have solid fundamentals.
Portfolio Management
May 2023
International Diversification— Still Not Crazy after All These Years
AQR
Research
12 Pages
AQR Capital Management revisits international equity diversification and argues it still makes sense even after a long stretch of US outperformance.
Markets
March 2023
Re-Emerging Equities
AQR
Research
11 Pages
AQR Capital Management makes the case for revisiting emerging market equities now that expected long horizon returns look unusually attractive.
Markets
January 2023
Europe’s Stubborn Inflation Problem
Bridgewater
Article
1 Pages
Bridgewater Associates examines why Europe’s inflation problem may remain stubborn even as energy prices retreat.
Markets
January 2023
Emerging Market Small Cap: Good Things Come In…
Man Group
Research
10 Pages
Man Institute explains why EM small caps can improve diversification and capture more domestic growth.
Global Macroeconomics
September 2022
Europe’s Stagflation is Different in Kind and Much Harder to Remedy
Bridgewater
Research
12 Pages
Bridgewater Associates argues Europe’s energy supply shock is creating stagflation that is tougher to fix than a standard demand slowdown
Markets
May 2022
Japan: Value Stocks Versus Value Stocks
Man Group
Research
6 Pages
Man Group’s Japan team explores why Japanese value stocks have staged a comeback and why selectivity still matters.
Markets
January 2022
Japan’s Coming Wave of Reform
Neuberger Berman
Research
16 Pages
Neuberger Berman explores Japan’s corporate governance reforms and their impact on capital efficiency and shareholder returns.
Markets
October 2021
Literally, A World Of Opportunity
Richard Bernstein Advisors
Research
9 Pages
Richard Bernstein Advisors explores how investor crowding into popular growth themes has narrowed opportunity sets, arguing that global equity markets outside the spotlight are delivering stronger returns.
Portfolio Management
July 2021
Mid-Year Letter For 2021
GMO
Research
7 Pages
GMO’s mid-year 2021 letter outlines a turning point in equity markets, arguing that the long-awaited reversal from Growth to Value has begun and could extend for years.
Markets
July 2021
Outlook On Emerging Markets
Lazard
Research
9 Pages
Lazard Asset Management explores the outlook for emerging markets, arguing that a synchronized global recovery, vaccine rollout, and supportive policy backdrop could drive stronger performance across equities and debt.
Markets
June 2021
4 Reasons To Invest Internationally
Diamond Hill Capital Management
Research
4 Pages
Diamond Hill Capital Management explains why international equities remain relevant despite a decade of US dominance, focusing on diversification, opportunity set, and valuation gaps.
Markets
April 2021
Secular Supply and Demand Forces Aligning to Support Industrial Commodities
Bridgewater
Article
1 Pages
Bridgewater Associates examines how the global shift toward electric vehicles and renewable power could create a lasting demand tailwind for industrial metals while years of restrained producer investment limit supply growth
International Markets
March 2021
Japan Value – An Island of Potential in a Sea of Expensive Assets
GMO
Research
4 Pages
GMO examines the opportunity set in Japanese value equities, arguing that persistent underperformance and corporate inefficiencies have created a deep pool of mispriced assets.
Markets
February 2021
Emerging Markets Crisis Investing
Verdad
Research
56 Pages
Verdad argues that emerging markets may offer a compelling opportunity as valuations, demographics, and capital flows shift in their favor after a prolonged period of underperformance.
Markets
September 2020
China’s Differentiated Economic and Market Outcomes and the Need for Geographic Diversification
Bridgewater
Article
1 Pages
Bridgewater Associates examines why China’s pandemic recovery and market behavior diverged sharply from developed economies, making geographic diversification increasingly relevant.
Markets
April 2020
Rebuttal To Carmen Reinhart And Kenneth Rogoff’s Proposal That Emerging Markets Suspend Debt Payments
Ashmore
Research
4 Pages
Ashmore examines whether emerging market sovereigns can sustain external debt payments amid the COVID shock, arguing solvency concerns are overstated despite sharp spread widening.
Markets
February 2020
Going Global In Equities
MFS
Research
10 Pages
MFS explores why investors should think beyond domestic markets and consider global equities as a core portfolio component, arguing that opportunity sets and diversification benefits are structurally larger outside a single country.
Markets
November 2019
Africa’s Public Markets: Issues For Investors
Ashmore
Research
14 Pages
Ashmore examines the long term investment case for emerging markets, arguing they remain structurally underallocated despite stronger growth, improving policy frameworks, and expanding capital markets.
Markets
October 2019
Does Style Still Matter in Emerging Markets?
Lazard
Research
6 Pages
Lazard examines whether traditional equity styles like value, momentum, and quality still drive returns in emerging markets.
Markets
October 2019
S&P 500 2018: Global Sales
S&P Global
Research
15 Pages
S&P Dow Jones Indices examines how much of S&P 500 revenue actually comes from outside the U.S., highlighting the index’s global dependence despite its domestic label.
Markets
October 2019
Emerging Market Stocks: Getting Comfortable With The Uncomfortable
GMO
Research
5 Pages
GMO argues that the real opportunity in emerging market equities comes from illiquidity rather than size, challenging the traditional small cap premium narrative.
Markets
August 2019
International Equities – Are They Still Worth It?
Acadian
Research
7 Pages
Acadian Asset Management explores the case for international equities and why persistent valuation gaps may create opportunities outside the U.S.
Markets
August 2019
Top of Mind: Existential Questions About Value, International Diversification, and China.
Wellington Management
Research
14 Pages
Wellington Management examines whether China’s equity market offers true diversification value for global portfolios and how structural inefficiencies influence return potential.
Markets
July 2019
Investing in China: Silk (Road) Purse or Sow’s Ear? An Interview with Scott Malpass and Jay Willoughby
TIFF Investment Management
Research
13 Pages
TIFF Investment Management interviews Scott Malpass and Jay Willoughby to explore whether China is a compelling long-term investment or a structurally flawed one.
Markets
June 2019
Emerging Markets Charts & Views
Amundi Asset Management
Research
30 Pages
Amundi explores the shifting narrative around emerging markets in early 2019, focusing on how macro forces like USD strength, trade tensions, and policy shifts shaped performance and sentiment.
Markets
May 2019
Morningstar Revenue Atlas
Morningstar
Research
7 Pages
Morningstar’s Revenue Atlas explores how global companies actually generate revenue, challenging the idea that stock markets cleanly reflect domestic economies.
Markets
May 2019
Japan: Opportunities in the Forgotten Equity Market
Man Group
Research
4 Pages
Man Group makes the case that Japanese equities are a forgotten market despite improving fundamentals and supportive macro conditions.
Markets
April 2019
Emerging and Developed Markets: So the Last Shall Be First
PIMCO
Research
22 Pages
PIMCO explores how investors can rethink emerging market allocations using a more granular, multi asset framework rather than relying on traditional benchmarks.
Markets
April 2019
The Future of Emerging Markets
MSCI
Research
33 Pages
MSCI examines how emerging markets have evolved over three decades and what their future role may look like in global portfolios.
Markets
April 2019
China A-Shares: Perspectives from the Inside Out
PineBridge
Research
12 Pages
PineBridge Investments explores China’s A-share market and why it represents a distinct, underappreciated opportunity within global equities.
Markets
March 2019
Where To Look For Opportunities Outside U.S. Equities
Eaton Vance
Research
4 Pages
Eaton Vance highlights where investors might find opportunities outside U.S. equities as valuations reach decade-high premiums and the S&P 500’s earnings leadership begins to fade.
Markets
February 2019
Emerging Markets Charts & Views: Seek opportunities, but be aware of short-term volatility
Amundi Asset Management
Research
30 Pages
Amundi explores the investment case for emerging markets in early 2019, arguing they remain a key long-term return driver despite recent volatility tied to USD strength and rising rates.
Portfolio Management
February 2019
Geographic Diversification Can Be a Lifesaver
Bridgewater
Research
10 Pages
Bridgewater Associates explores how geographic diversification shapes portfolio resilience, emphasizing that concentrating in a single country can expose investors to prolonged drawdowns and uneven recoveries across global markets.
Markets
February 2019
A New Perspective on Geographical Diversification: Revenue Exposure by Region
Morningstar
Research
17 Pages
Morningstar reframes geographic diversification by shifting the lens from company domicile to where revenues are actually generated, arguing that traditional country-based allocation can misrepresent real economic exposure.
Markets
February 2019
Global equity investing: The benefits of diversification and sizing your allocation
Vanguard
Research
14 Pages
Vanguard explores how global equity diversification and sizing international exposure can shape portfolio risk and outcomes.
Markets
January 2019
Emerging Markets: A Better Deal for Growth
Goldman Sachs
Research
8 Pages
Goldman Sachs Asset Management highlights how emerging markets may offer a more attractive long-term growth profile than developed markets, supported by structural improvements and valuation gaps.
Markets
December 2018
Frontier Markets
Meketa
Research
11 Pages
Meketa Investment Group outlines how frontier markets function as a distinct asset class, emphasizing their structural differences from emerging markets and the portfolio implications of investing in less developed, illiquid economies.
Markets
December 2018
Investment Insights A Contrarian View on Europe
Invesco
Research
8 Pages
Invesco outlines a contrarian case for European equities in 2019, arguing that extreme investor pessimism has pushed valuations below fundamentals despite a still-functioning economic backdrop.
Markets
October 2018
Thinking Strategically about Emerging Markets
UBS
Research
30 Pages
UBS examines how emerging markets have evolved over the past 20 years across economic, social, and financial dimensions, and what that means for investors today.
Markets
August 2018
Emerging-Market Bonds: A Fixed Income Asset With Equity-Like Returns (And Risks)
Vanguard
Research
16 Pages
Vanguard outlines the case for actively managed emerging market bonds, focusing on how disciplined security selection and risk control can potentially deliver consistent returns in a volatile asset class.
Global Macroeconomics
July 2018
Mapping the Unfolding US-China Trade War
Bridgewater
Article
1 Pages
Bridgewater Associates maps the competing US and Chinese objectives driving the trade conflict, separating areas where compromise appears possible from deeper strategic tensions.
Markets
June 2018
Chinese-American Misunderstandings, Disputes, and Wars
Bridgewater
Article
1 Pages
Bridgewater Associates examines how deeper differences in American and Chinese values could turn trade friction into broader conflict.
Markets
June 2018
2018 Emerging Markets Mid-Year Outlook A Multi-Year Recovery
Mirae Asset Global Investments
Research
14 Pages
Mirae Asset outlines a multi year recovery in emerging market equities driven by earnings growth, improving fundamentals, and supportive global conditions.
Markets
April 2018
A Top-Down Look at the Chinese Equity Market
Bridgewater
1 Pages
fundamentals with the US and Europe.
Markets
March 2018
Inclusion of China in Bloomberg’s Global Aggregate Bond Index Boosts Pressure on Investors to Figure Out How They Will Deal with the Opening of Chinese Markets
Bridgewater
Article
1 Pages
Bridgewater Associates examines how China’s opening capital markets could reshape global portfolios as major indices begin incorporating Chinese assets.
Markets
February 2018
A New Dawn For Emerging Markets Equities
Barings
Research
6 Pages
Barings explores whether emerging market equities are entering a more durable recovery after years of lagging developed markets.
Markets
September 2017
The Opening of Chinese Credit Markets Means That Foreign Investors Can Build a Balanced Portfolio in China; This Will Be a Big Deal
Bridgewater
Article
1 Pages
The authors examine how China’s opening credit and equity markets could reshape global portfolios by making balanced Chinese allocations more accessible.
Markets
June 2017
Emerging Markets: From Niche to Necessity
BlackRock
Research
13 Pages
BlackRock explores how emerging markets evolved from speculative satellite allocations into increasingly mainstream portfolio exposures as liquidity, governance, and index inclusion improved.
Markets
March 2017
The What-Why-When-How Guide to Owning Emerging Country Debt: 2017 Edition
GMO
Research
23 Pages
GMO explores how investors can approach emerging market debt across sovereign, local currency, and corporate bonds, emphasizing diversification, valuation, and active management.
Markets
March 2017
Emerging Markets Outlook for 2017: Risks Remain, but There Are Reasons for Optimism
William Blair
Research
8 Pages
William Blair explores why emerging markets entered 2017 with stronger fundamentals despite rising concerns around Trump era trade policy, higher U.S. rates, and China’s debt buildup.
Markets
December 2016
The Emerging Markets Hat Trick: Time to Throw Your Hat In?
Research Affiliates
Research
8 Pages
Research Affiliates argues emerging markets may offer a rare setup where cheap valuations, depressed currencies, and improving momentum align simultaneously.
Markets
September 2015
The Impact in China and Abroad of Slowing Growth
Absolute Return Partners
Research
9 Pages
GlobalSource Partners examines how China’s slowing growth and rebalancing process could reshape global markets.
Markets
June 2015
The Case for International Fixed Income
Wells Capital Management
Research
7 Pages
Wells Capital Management argues international fixed income remains materially underowned despite representing 56% of the global bond market.
Markets
February 2015
Treasure Island: Puerto Rico Bids To Become New Age Tax Haven
Forbes
Article
1 Pages
Forbes examines Puerto Rico’s effort to attract wealthy investors and businesses through unusually favorable tax incentives.
Markets
February 2015
The Last Dictator in Europe
Stansberry
Research
11 Pages
Stansberry International examines how political conflict in the global potash market created a potential cyclical opportunity in fertilizer producers.
Markets
July 2014
Emerging capital markets: The road to 2030
Credit Suisse
Research
64 Pages
Credit Suisse examines how emerging capital markets could reshape global finance by 2030 as equity and bond issuance accelerates across developing economies.
Markets
March 2014
Puerto Rico: A Guide to the next Singapore… or the next Greece?
Sovereign Man
Research
19 Pages
Sovereign Man examines whether Puerto Rico’s aggressive tax incentives can transform the island into a Caribbean version of Singapore or whether mounting fiscal stress makes it resemble Greece.
Markets
August 2013
The Challenges of China’s Rise, Part 1
ING
Research
64 Pages
ING Investment Management examines the structural challenges accompanying China's remarkable economic rise, arguing that sustaining 7.5% GDP growth requires rebalancing away from investment toward consumption.
Markets
June 2013
Emerging Market Opportunities
O’Shaughnessy Asset Management
Article
1 Pages
O'Shaughnessy Asset Management examines why emerging market equities may offer attractive opportunities through a systematic approach built on value, dividend yield, and price momentum.
Markets
May 2013
Japan: This Time For The Money
Morgan Creek Capital Management
Research
33 Pages
Morgan Creek Capital Management examines why Japan may be entering a durable investment renaissance after decades of stagnation.
Markets
March 2013
We Are Still Bullish on Emerging Market Equities for 2013
WisdomTree
Article
1 Pages
WisdomTree explains why it remained constructive on emerging market equities entering 2013, arguing that attractive valuations created a favorable backdrop despite recent volatility.
Global Macroeconomics
September 2012
Draghi Put Kicks In
IR&M
Research
45 Pages
Ineichen Research and Management examines the widening gap between weakening global economic fundamentals and increasingly optimistic market behavior following central bank intervention.
Markets
May 2006
The Globology Revolution: Globalization, Technology and BRICs — Structural Changes and Investment Opportunities
Goldman Sachs
72 Pages
Goldman Sachs examines how globalization, technology, and BRICs growth are reshaping economic and market relationships through what it calls the “Globology Revolution.”