• 8 months ago

Over the past few years, investing in China has become a challenging undertaking. The MSCI China index has plummeted over 50% from its 2021 peak to recent lows, leaving investors wary and questioni...

By DPAM In Macro, Equities, Portfolio Construction, Emerging Markets, Thematic / Megatrends

• 8 months ago

The European automobile market has hit a roadblock. Once a symbol of post-war prosperity and innovation, the sector now finds itself in a state of stagnation. New light vehicle registrations are st...

By DPAM In Private Markets, Industry, Portfolio Construction, Thematic / Megatrends, Equities, Macro

• 8 months ago

From a macro perspective, there are three important prices in the world: The oil price, the US 10-year rates, and the US dollar. All three of these prices are dependent on the policy decisions of t...

By DPAM In Portfolio Construction, Commodities, Macro, Fixed Income

• 8 months ago

Since the COVID crisis in 2020, many countries have experienced economic cycles moving in similar directions. They faced similar lockdowns, supply chain problems, fiscal easing, monetary easing, an...

By DPAM In Portfolio Construction, Industry, Fixed Income, Commodities, Macro

• 8 months ago

Investing in the semiconductor industry can be quite complex. It is, in fact, a very technical industry from a technology perspective, and the prospects of the companies within the industry are inf...

By DPAM In Portfolio Construction, Equities, Thematic / Megatrends

• 1 year ago

Between the Great Financial Crisis and the Covid era, developed market central bank policy was dominated by forward guidance regarding their policy objectives. Not only were policy rates near zero,...

By DPAM In Portfolio Construction, Industry, Thematic / Megatrends, Macro, Fixed Income

• 1 year ago

In recent weeks, expectations about when central banks will start an easing cycle have been a major influence on financial markets. However, there’s also been significant enthusiasm for the rollout...

By DPAM In Equities, Portfolio Construction, Industry, Thematic / Megatrends, Private Markets

• 1 year ago

Unlike the efficient market hypothesis, the theory of reflexivity suggests that the beliefs of market participants can actively shape the markets themselves.

By DPAM

• 2 years ago

In financial markets it pays off to detect changing conditions early. Today, we discuss whether the current macro uncertainty and fragilities in market structure favour active management Across bot...

By DPAM In Industry, Macro, Fixed Income, Equities, Indexing / Passive