Global equities markets entered April 2026 awash in red, with losses primarily driven by an escalating conflict in the Middle East and a surge in oil prices. But investors had every reason to be pleased with market performance in the second quarter of the year, with most indices erasing the losses of the first quarter…
“Extreme scepticism, which is typical of initial reactions to truly transformative events whether in geopolitics or financial markets, will probably turn out to be wrong.” These words from Anatole Kaletsky, Chief Economist at Gavekal Research, are a powerful reminder of the reality that equities markets often surprise fearful investors by rapidly rebounding from events that…
Emerging market equities have enjoyed a remarkable bull run over the past 18 months, staging a turnaround after more than a decade of subdued performance. During 2025 and the first half of this year, the MSCI Emerging Markets Index comfortably outpaced the S&P 500 and the MSCI World Index in US dollar terms. A commodities…
In response to concerns raised by clients around the potential for continued dollar weakness going forward, we have the pleasure of including a recently posted 8-minute podcast by Jason Borbora-Sheen, Portfolio Manager at Ninety One, who discusses how, after expectations of a structural US dollar bear market in 2025, conditions appear to have shifted. The…
