The substitution effect: AI and the labour market

Office worker at computer screen

As investors, we need to know how firms will manage the seismic shift that jobs markets will experience due to generative AI over the next few years and decades.

With macro risks elevated it’s all about stock selection

Cross-sea bridge at night -

There are plenty of macro drivers that will create equity volatility in 2024. To succeed, investors will need to maintain a resilient portfolio.

Balancing uncertainty and optimism

Modern footbridge

The slowdown we are all expecting keeps being put off, but how severe will it be when it eventually shows up?

European smaller companies outlook

River running through Amsterdam

Valuations are increasingly attractive, supporting the case for renewed outperformance of small cap stocks.

European smaller companies outlook

River running through Amsterdam

Valuations are increasingly attractive, supporting the case for renewed outperformance of small cap stocks.

‘Higher for longer’ rates will curb inflation, so quality is the way to go

Geneva ocean view

Interest rates are at or close to a peak, but will remain higher for longer. Recession in the US remains likely, much more so than in Europe. We think European equities may once again outperform the US.

Japan Equity: a strong track record in an exciting market

Tokyo skyline

Why investors are excited about Japan and why, ahead of the launch of the Japan Equity SICAV launch, we have five unique selling points for our Japan capability.

European Select strategy: the case for quality investment

Berlin skyline

2022’s value rotation was a headwind for high-growth areas such as technology, in which the European Select strategy has greater weightings.

Greece: the making of a turnaround story

Greece Shoreline

The beginnings of an unlikely economic turnaround in Greece – and new opportunities for investors – have mostly gone under the radar

ESG Viewpoint: A deep dive on Japan’s low carbon transition  

Japan’s decarbonisation journey – we’re engaging companies on climate-related risks