Our websites
For people managing their own savings and investments.
For professional investors managing investments on behalf of someone else.
Fund centre
Explore fund information, pricing and performance details.
Asset classes
Explore our investment products and solutions across asset classes
Solutions
Bespoke investment solutions to meet clients needs or problems
Themes
Invest today in what’s shaping tomorrow
Our offerings
View our sustainable investing solutions and how we integrate ESG factors into our investment research.
Sustainability Insights
Explore our thought leadership on environment, social and governance themes. See how they may impact your investment decisions.
Governance and leadership
Find out more about our governance and leadership structure, designed for accountability and transparency in our sustainability research and solutions.
Active ownership
Read about our active ownership, which includes active engagement and proxy voting.
Document library
Find our latest detailed policies, position statements and voting & engagement reports in our document library.
Insights
Read our views on asset classes, strategies, markets and sustainability.
Global Macro Research
Innovative macro research on the big economic, policy, political and behavioural themes shaping the investment landscape.
About us
Helping your clients achieve their investment goals.
Contact us
Get in touch with one of our dedicated teams.
We explore how political pressure on the Federal Reserve, rising inflation and slowing growth are reshaping the US economic outlook – and what it could mean for interest rates.
Trade deals, tariff floors and fiscal flashpoints – Lizzy Galbraith breaks down the latest developments shaping the economic outlook.
The US’ threat of a 50% tariff on Brazil poses limited macroeconomic risks given the country’s low dependence on US trade, but a prolonged standoff between the two governments could stymie investor sentiment. High interest rates should support the real, as the Banco Central do Brasil will keep policy tight amid inflationary and fiscal risks that could renew market pressure.
After accounting for the use of custodians and acknowledging the role of state-owned enterprises, there seems to be limited evidence of China actively reducing its exposure to US assets. That said, holdings as a share of foreign assets may have been falling, while opportune sales could occur in an attempt to recruit ‘bond vigilantes’ and moderate US trade policy.
In this new episode, we explore the staggering global infrastructure investment needs over the next 25 years, why the bill is so high, and how governments and private investors might share the load.