About Global Market Outlook Reports
Our CIO, Tina Byles Williams, publishes our market outlook on a quarterly basis, based on research that examines market conditions over a three- to six-month period. These quarterly analyses serve as key inputs to our fund construction process, which incorporates strategic tilts to the market segments we believe will outperform over a six- to 12-month time frame. For global equity portfolios, these tilts incorporate regional, sector, and capitalization strata as well as investment process and style factors. For U.S. equity portfolios, tilts include sector, capitalization strata, investment process, and/or style factors.
Our objective is to construct a portfolio of “best in class” investments with weightings consistent with our overall investment strategy.
FIS Group Global Market Outlook Reports
Multi-Manager Platform: Q2 2023 Update: Navigating the Lopsided Impact of Generative A.I. in Global Markets
In a paper entitled Generative AI – Hope, Hubris, or Harrowing, our CIO, Tina Byles Williams, explored the medium to long-term effects of Generative AI on the economy, financial markets, and broader society. The task for investment managers now lies in navigating this promising yet unpredictable future, particularly as the market has priced in substantial premiums for those perceived to be the primary beneficiaries of this emerging technology.
Alpine Snowball: Q2 2023 Market Outlook
The graveyard of once legendary business franchises has just added one more new member to its ignominious fraternity. The hastily arranged acquisition of Credit Suisse by its chief Swiss rival UBS in March 2023, ended the 166-year run of the global symbol of Swiss banking largesse. Credit Suisse was once the 15th largest bank in the world with offices in 50 countries and assets of over $1 trillion USD.
S&P 500 Catholic Values Strategy
S&P 500 Catholic Values Strategy Q1 2022 | March 31, 2022Annualized Returns (%) QTDYTD1 Year3 Years5 Years 7 Years10 YearsSince Inception1 Gross of fees-------3.28 Net of fees-------3.27 Benchmark2-------3.71 1 Inception Date: February 28, 2022 2 Benchmark: S&P 500...
2020 Outlook for Emerging and Frontier Markets
While the U.S. continued its decade-long run, surging ahead another +31% in 2019 to lead all major developed markets (except Switzerland, +32.5%), three emerging markets did even better last year. Taiwan gained +36% as investors reevaluated the “moat” of its market champion, …
MARKET OUTLOOK Q1 2020: Saved by Jerome: A Second Wind for the Late Cycle Rally
During the second half of 2019, the late cycle bull market for financial risk assets sprinted to the finish line despite lackluster global growth. Global markets ended the year on a bullish note, with the U.S. S&P 500 climbing to another record close.
Q4 2019 Market Outlook
In the third quarter, both of the leading anglo-liberal democracies lurched towards the political abyss and even potential constitutional crises, while global growth continued to decelerate on the back of trade policy …
Market Insights Alert
Papers: FIS Group Proprietary Research
What is the most likely source and impact of the next downturn on asset prices?
As a backdrop to our portfolio derisking recommendations, we evaluate the macro background, asset return sensitivities and market responses during economic downturns over the last 30 years.
Battening Down The Hatches Part Two
View PDF version Battening Down The Hatches Part Two Part 2: How Should Investors Derisk?In Part 1 of this series, we posited that the next recession could take two possible forms:A traditional cyclical downturn as decelerating industrial production infects the...
Will Rising Populism = Stagflation?
#derisking #asset allocation #equities #bonds #geopolitical #negative yields #yield curve # stagflation # inflation # stock and bond correlation # populism #income inequality #Brexit #Donald Trump Populism is on the rise and it has historically led to increased...
Stagflation: A Lower Probability, but More Worrisome, Recession Scenario
Read our blog post here: #derisking #asset allocation #equities #bonds #geopolitical #negative yields #yield curve # stagflation # inflation # stock and bond correlation # populism Stagflation would most likely be prompted by a negative supply shock caused by either...
Negative Bond Yields Could Suggest Two Opposing Conclusions and Asset Allocations
#derisking #assetallocation #equities #bonds #geopolitcal #negative yields #yield curve #cyclically adjusted earnings The world faces an economic meltdown, or There is a buying panic in safe assets and thus a buying opportunity in risk assets. For allocators, if the...
Slowing Global Growth and Heightened Geopolitical Uncertainty Are Prompting Allocators to Reduce Their Public Equity Exposure
The dynamics that warrant reduction in equity risk exposures include: Late cycle dynamics leading to marked global growth slowdown Bearish signals from the bond market More constrained reflationary policies from China that will be a less potent for jump-starting...
Videos And Webinars
Market Outlook and Research Webinars
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