16 May 2019
Latest G10 Macro Rates Blog
With Shayne Dunlap, Co-Portfolio Manager
Take away the punchbowl/Kill the Zombies!
At
a recent meeting with a respected economic research firm, they alluded to the fact that the quick back track by the Fed earlier this year may have
avoided yet another recession and lengthened the economic cycle by a few more years – To which I questioned – “Are Central Banks meant to avoid recessions
or depressions?”
07 May 2019
In the latest of our Multi-Asset Master Classes, Matthew Lamb, CEO of Pacific AM and Will Bartleet, CIO/Portfolio Manager
of Pacific Multi-Asset discuss some of the reasons behind recent movements in the markets and the Federal Reserve’s input into these movements. They
discuss market opportunities in this environment including EM equities, EM debt, gold and macro funds and the potential impact of inflation. They conclude
by explaining the continued importance of diversification.
30 April 2019
Emerging Markets Webcast with North of South Capital
The Danger of the Monetary Illusion
Kamil Dimmich, Co-manager
and Partner of North of South Capital was recently asked by Brooks MacDonald to participate in their latest webcast.
Kamil discusses the Monetary Illusion, a term made famous by John Maynard Keynes which describes the tendency of investors to fixate on higher nominal
returns rather than focus on real returns. He explains why this is particularly true in some emerging markets and how it is possible to ensure you
don’t fall foul of this common investor trap.
10 April 2019
Latest G10 Macro Rates Blog
With Shayne Dunlap, Co-Portfolio Manager
With developed markets exhibiting the lowest unemployment levels in generations, why are their workforces not happier?
Over the last two decades the force of globalisation has pushed much of the worlds manufacturing and heavy industry to lower cost base economies into
emerging markets (EM). This flow has resulted in many millions of EM workers being dragged out of poverty. That is a global success story that we should
long remember and celebrate! Additionally, the populations of the developed market (DM) economies have directly benefited with the resulting access
to cheaper goods and products – yet they are not happy! Even with many unemployment levels in the DM world hovering around multi year lows, this would
seem to be at odds to the reality of discontent.
02 April 2019
Freddie Streeter, Sales Director - Pacific Asset Management
The Alpha Project
Pacific Asset Management is very glad to be part of the 2019 International Adviser Guide to Multi-Asset.
The guide is designed to help advisers assess some of the options available within multi-asset and better understand some of the benefits of multi-asset
investment strategies.
29 March 2019
29 March 2019
27 February 2019
Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team
The
last two occasions when the Chinese authorities decided to stimulate their economy, the result was a substantial increase in the prices for most commodities.
This was particularly the case in 2009 in wake of the global financial crisis. Although the stimulus in 2015-16 was quite a bit smaller, it also had
a very favourable impact on the price of commodities.
31 January 2019
Latest G10 Macro Rates Blog
With Shayne Dunlap, Co-Portfolio Manager
Is this the direction for western economic policy of the near future?
New
Zealand’s Prime Minister Jacinda Ardern has recently announced a new budget policy called the “Wellbeing Budget”. It sets five priorities focusing
on living standards involving human, social and natural capital.
30 January 2019
Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team
Are
Emerging Market equities becoming less risky in relation to developed markets? If one were to look purely at debt to GDP ratios, savings ratios, political
stability and the level of domestic interest rates a fairly strong case could be made that our asset class looks as good, or better in a number of
