Macro

Find the latest macro analysis and insights

New Zealand Fixed Income Monthly (April 2026)
  • 12 hours ago

Given some key variables, our view is that the current data do not make a strong case for the RBNZ making a near-term move in the Official Cash Rate.

Ahead of the Curve: Monthly Bond Market Recap and Outlook – April 2026
  • 19 May 2026

Canadian bond markets halted their advance in March, following a surge in near-term inflation expectations driven by rising energy prices amid heightened tensions in the Middle East and concerns ar...

Australian Webcast: Australian Banks – Post Reporting Season reflections
  • 19 May 2026

Andrew Martin, Co-founder and Portfolio Manager at Alphinity, discusses the latest Australian bank results amid market volatility, including the impact of the Iran war, interest rate hikes, and the...

Navigating Japan Equities: Monthly Insights from Tokyo (May 2026)
  • 19 May 2026

This month, we discuss how the TOPIX, rather than the record-setting Nikkei, may be a better gauge of “Japan Inc.”; we also analyse how recent interventions to prop up the yen can be viewed as an a...

Moving from measuring markets to measuring the real economy
  • 19 May 2026

Most global equity indices are market cap weighted. This paper introduces a GDP adjusted alternative to reduce concentration and valuation risk.

Gilt-y by association
  • 19 May 2026

Here's the latest weekly update from our investment team.

In Credit Weekly Snapshot – Burnham down the house
  • 19 May 2026

Gilts were inflamed as a path opened up for the mayor of Greater Manchester, Andy Burnham, to return to Westminster and potentially replace Keir Starmer as UK prime minister. Elsewhere, the global...

April European ETF Flows
  • 19 May 2026

European ETFs gathered US$45bn in April as risk appetite returned. Explore the latest ETF Snapshot for flows across equities, fixed income, commodities, emerging markets, clean energy and AAA-rated...

Why We Invested in Siete Foods – Defining Moments
  • 19 May 2026

A committed, innovative founder group developing high-quality products in a fast-growing market segment, and a lead co-investor with the resources and sector experience needed to help accelerate an...