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Insights & Thought Leadership

THOUGHT LEADERSHIP

  • 14 August 2018

    Investment Opinions Stick with quality

    GAM Investments’ group head of investment solutions and chief economist, Larry Hatheway, summarises his view of the prevailing market conditions and provides his investment outlook for the second half of 2018.

  • 10 August 2018

    Our Managers Fund Manager Portrait: Reiko Mito

    Reiko has been managing Japanese equity portfolios for 18 years and, since joining GAM, has become an integral component of our settled Japan equity team, which has established an attractive track record. So, what’s their secret?

  • 07 August 2018

    Investment Opinions The Trade Leadership Deficit

    Even if Donald Trump’s protectionism proves to be a short-run aberration, US global dominance is likely to continue to decline. GAM Investments’ Larry Hatheway believes to ensure that US hegemony gives way to a peaceful and prosperous global balance of power, the European Union must step up.

  • 02 August 2018

    Investment Opinions Priced for Perfection

    GAM Systematic’s Anthony Lawler explains how investors can seek to diversify their portfolios at a time when valuations in both equity and bond markets are beginning to look stretched.

  • 31 July 2018

    Investment Opinions Coupon collecting: A silent march

    In the post-2008 era, finding attractive sources of yield has proved a perennial challenge. Jeremy Smouha explains that it remains possible to construct a high-quality portfolio with a significant yield premium. However, the ride is not always a smooth one.

  • 27 July 2018

    Market Updates Weekly Manager Views

    Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 25 July 2018 – this week’s speaker was Ali Miremadi, who outlined his broad approach to managing global equity portfolios and commented on the prevailing environment.

  • Larry Hatheway on Markets

    26 July 2018

    Macroeconomics Larry Hatheway on Markets - July 2018

    Group Head of GAM Investment Solutions and Group Chief Economist Larry Hatheway discusses what is currently eroding market performance and investor conviction, how political events in the UK could impact Brexit and sterling, and whether there is still a case for an allocation to risk assets.

  • 24 July 2018

    Investment Opinions More art than science

    For the best part of 30 years, Japan has been the market to avoid for most investors. For half of this period, GAM’s Ernst Glanzmann has been trying to make sense of the riddle of how to invest in Japan successfully and his singular approach has yielded some undoubted benefits. As he celebrates a personal milestone of 15 years in the role, Ernst shares some insights and anecdotes from his colourful career in this ‘no holds barred’ Q&A.

  • 20 July 2018

    Market Updates Weekly Manager Views

    Please find below the notes from GAM Investments’ Weekly Investment Meeting on 18 July 2018 – this week’s speaker was Michael Biggs, who explained why he believes the outlook for global growth remains intact and highlighted the risks of an escalation in the trade war.

  • 19 July 2018

    Investment Opinions European equities: stock specific fundamentals remain key

    GAM Investment's Niall Gallagher observes that there was a sector rotation within European equity markets in June which has continued into July. He outlines the drivers behind that market move and presents the reasons why he believes it will not prove a long lasting trend.

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  • 27 July 2018

    Weekly Manager Views

    Please find below the notes from GAM Investments’ Weekly Investment Meeting held on 25 July 2018 – this week’s speaker was Ali Miremadi, who outlined his broad approach to managing global equity portfolios and commented on the prevailing environment.

  • 20 July 2018

    Weekly Manager Views

    Please find below the notes from GAM Investments’ Weekly Investment Meeting on 18 July 2018 – this week’s speaker was Michael Biggs, who explained why he believes the outlook for global growth remains intact and highlighted the risks of an escalation in the trade war.

  • 13 July 2018

    Weekly Manager Views

    Please find below the notes from GAM Investments’ Weekly Investment Meeting on 11 July 2018 – this week’s speaker was Larry Hatheway, who discussed the possible effect of the US imposing further trade tariffs on China and the implications of political manoeuvring in the UK for Brexit and sterling.

  • 06 July 2018

    Weekly Manager Views

    Please find below the notes from GAM Investments’ Weekly Investment Meeting on 4 July 2018 – this week’s speaker was Michael Biggs, who explained why he believes the outlook for risky assets remains promising and provided an update on emerging market fundamentals.

  • 29 June 2018

    Weekly Manager Views

    This week’s speakers was Ernst Glanzmann, who outlined some compelling reasons why he believes global asset allocators should consider increasing their exposure to Japanese equities.

  • 22 June 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 20 June 2018 – this week’s speakers were Mark Hawtin, commentating on the latest developments in the technology space, and Jonathan Stanford, with insights into the world of convertible bonds.

  • 15 June 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 13 June 2018 – this week’s speakers were Larry Hatheway, commentating on the latest central bank deliberations, and Michael Lai, who provided some detailed insight on Chinese equities.

  • 08 June 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 6 June 2018 – this week’s speaker was Tim Haywood, commenting on recent events in Italy and the likely effect of the ECB ending its QE programme.

  • 01 June 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 30 May 2018 – this week’s speakers were Michael Biggs, commentating on the macroeconomic backdrop and the outlook for emerging markets, and Jeremy Smouha, discussing the disconnect between the fundamentals and pricing of high-quality, developed market credit.

  • 25 May 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 23 May 2018 – this week’s speaker was Camilla Schelpe, commentating on the development of an options-based risk management approach

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  • Larry Hatheway on Markets

    26 July 2018

    Larry Hatheway on Markets - July 2018

    Group Head of GAM Investment Solutions and Group Chief Economist Larry Hatheway discusses what is currently eroding market performance and investor conviction, how political events in the UK could impact Brexit and sterling, and whether there is still a case for an allocation to risk assets.

  • economic_outlook_icon

    18 June 2018

    Larry Hatheway on Markets - June 2018

    Chief economist and head of GAM Investment Solutions Larry Hatheway discusses the risks facing equity markets, whether the US dollar will strengthen from here and what that means for portfolios as well as what we can expect from the Fed over the remainder of this year.

  • economic_outlook_icon

    23 May 2018

    Larry Hatheway on Markets - May 2018

    Group Head of GAM Investment Solutions and Group Chief Economist, Larry Hatheway, discusses whether markets are likely to remain range-bound for the rest of the year, what factors are behind the change in market sentiment, and if financial conditions and policy settings are still supportive of global growth.

  • economic_outlook_icon

    20 April 2018

    Larry Hatheway on Markets - April 2018

    Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses whether the recent equity market sell offs are indicative of fundamental issues or more sentiment driven and in fact a buying opportunity, if we should be concerned about an escalation in trade wars between the US and China as well as other markets, and whether global growth is peaking.

  • economic_outlook_icon

    28 March 2018

    Larry Hatheway on Markets - March 2018

    Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses what happened to the markets in early February, how significant the spectre of US protectionism will be and whether markets should be worried about rising inflation.

  • economic_outlook_icon

    19 February 2018

    Larry Hatheway on Markets - February 2018

    Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses the changing macroeconomic environment, including whether we are reaching the end of the equity bull market, his expectations for inflation and monetary policy and the implications for portfolio construction.

  • economic_outlook_icon

    19 January 2018

    Larry Hatheway on Markets - January 2018

    Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses how long the equity bull market can continue, his expectations for inflation in the year ahead and why the dollar has weakened.

  • economic_outlook_icon

    07 December 2017

    Larry Hatheway on Markets - December 2017

    Chief economist and head of GAM Investment Solutions, Larry Hatheway, discusses the macroeconomic outlook for 2018, including his expectations for global equity and bond markets, monetary policy and the biggest risks to investors in the year ahead.

  • uk-elections-icon

    22 November 2017

    UK Autumn Budget

    On 22 November, following a particularly animated Prime Minister’s Questions with Jeremy Corbyn and Prime Minister Theresa May, Chancellor Phillip Hammond stood up to deliver his Autumn budget. GAM’s investment director Charles Hepworth highlights the key takeaways.

  • economic_outlook_icon

    09 November 2017

    Larry Hatheway on Markets - November 2017

    Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the current global macro environment, the biggest risks to investors in the remainder of 2017 and the impact of political uncertainty on markets.

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  • it-bags-icon

    04 April 2018

    Millennials driving growth in the luxury sector

    GAM’s luxury brands strategy recently reached its 10-year anniversary. The luxury sector benefits from global wealth creation and in particular from its high exposure to the growing middle class in emerging markets

  • investing_in_catbonds_icon

    08 March 2018

    Insurance Linked Securities: Bridging the Disaster Gap

    Having demonstrated their value following the 2017 hurricane season, the market for insurance-linked securities, including cat bonds, is set to grow substantially this year.

  • future-of-investing-icon

    20 February 2018

    LSE SU Alternative Investments Conference

    Alexander Friedman, Group CEO of GAM, delivered a keynote speech at the LSE SU Alternative Investments Conference in London on 22 January. He discussed markets, what the current environment means for active investing and the transformative role of technology in asset management.

  • workplace-automation_icon

    01 February 2018

    Opportunities From Workplace Automation

    Rapid advances in technology are seeing increasing levels of workplace automation, which is throwing up some interesting investment opportunities and giving food for thought in terms of the social implications, says Mark Hawtin, investment director, global long short equity.

  • case-for-gains_icon

    23 January 2018

    EM Debt: The Case For Further Gains

    Despite rallying for two years, the fundamental case for further gains in EM local currency bonds remains strong, says Paul McNamara, investment director for emerging markets fixed income.

  • game-over-icon

    06 December 2017

    Inflation’s Endgame, Volatility’s Vengeance

    A gradual decline into disorder? GAM’s Christian Gerlach examines the phenomenon of ‘modern growth’ and ponders the potential implications of the destruction of the ‘utopia of the future’ on distorted asset prices.

  • unconstrained_opportunities_icon

    01 December 2017

    Unconstrained Opportunities And Cheap Parachutes

    GAM’s Tim Haywood believes an absolute return approach to fixed income could prove ideal against a backdrop of rising interest rates and a reversal of QE

  • pearl-diving-icon

    21 November 2017

    Diving For Pearls − China Bond Connect

    Making the connection: GAM’s Amy Kam outlines the potential of China’s bond markets for foreign investors.

  • china-blue-chip_icon

    17 November 2017

    China: The Blue Chip Comeback

    Three years on from the launch of the Shanghai stock connect programme, which allows investors outside China to access locally listed shares, we asked GAM’s Jian Shi Cortesi what the impact has been on her strategy.

  • india-untapped-icon

    07 November 2017

    India: Idiosyncratic and Untapped

    Tim Love, investment director for emerging market equities at GAM, explores the major growth opportunities in India, such as weddings, luxury travel and Bollywood, and the equity market’s untapped potential at a time when China growth is showing signs of slowing.

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  • china-equities-icon

    20 March 2018

    China: Evolution, Not Revolution

    Jian Shi Cortesi, portfolio manager for China and Asia equity strategies, takes a look at China’s transition to a consumer-driven economy and its significance for the world’s second-largest economy.

  • china-brakes-icon

    27 February 2018

    China: Gently Applying the Brakes

    He’s a few months into his new term as re-elected president, so how is China’s President Xi Jinping continuing to shape the world’s second-largest economy for the future? Investment director, Michael Lai takes a look.

  • year-of-the-dog-icon

    15 February 2018

    Year of the Dog

    The Chinese New Year begins on 16 February 2018, when we enter the Year of the Dog, which in Chinese astrology symbolises positive traits such as loyalty, honesty and faithfulness. The dog itself is also viewed as a lucky animal by the Chinese. Michael Lai, investment director, considers whether the Year of the Dog will be a good one for investors.

  • rise_rise_em_icon

    12 February 2018

    The European Catch-up Trade

    European equities delivered solid returns in 2017. But, as GAM Investments’ Niall Gallagher points out, performance was actually much stronger than it appears at first glance and there could be considerably more to come.

  • japan-sun-icon

    05 February 2018

    Japan: The Sun Rises Again

    The Nikkei 225 index, Japan’s most widely quoted barometer of stock market health, has endured many ‘red’ days since peaking at a level above 38,000 points almost three decades ago. However, it is currently enjoying something of a ‘black’ renaissance, having reached a 26-year high in early January. GAM investments’ Ernst Glanzmann and Reiko Mito explain why they believe there could be much further upside to come.

  • china-minsky-icon

    04 January 2018

    China: Averting a Minsky Moment

    Rather than seeing a sudden collapse of asset prices, GAM Investments’ Michael Lai believes that certain areas of the Chinese economy will continue to expand robustly, broadly underpinning the equity market.

  • japan-election-icon

    28 September 2017

    Snap Election in Japan: An Investor’s View

    On Monday Prime Minister Shinzo Abe announced his plans to dissolve the lower house of Japan’s parliament on 28 September and to call a snap election in October. What will be the impact for markets against the backdrop of encouraging fundamentals but prevailing tensions with North Korea?

  • david-and-goliath-icon

    13 July 2017

    The David and Goliath Aspects of China’s A-share Market

    Tim Love, investment director for emerging market equities, considers the significance of the inclusion of China A-shares in the MSCI Emerging Markets index.

  • em-why_now_icon

    11 May 2017

    EM – Why Now?

    Tim Love, investment director at GAM, discusses the outlook for emerging market equities in 2017 and analyses where the best opportunities are likely to lie in a turbulent political landscape.

  • rise_rise_em_icon

    24 January 2017

    Emerging Markets: Another Year, Another Opportunity

    Paul McNamara, investment director responsible for GAM’s emerging market strategies, looks ahead to 2017 and reflects that the likely drivers of EM local currency bond markets are the same ones that led to overall outperformance last year.

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  • 14 August 2018

    Stick with quality

    GAM Investments’ group head of investment solutions and chief economist, Larry Hatheway, summarises his view of the prevailing market conditions and provides his investment outlook for the second half of 2018.

  • 07 August 2018

    The Trade Leadership Deficit

    Even if Donald Trump’s protectionism proves to be a short-run aberration, US global dominance is likely to continue to decline. GAM Investments’ Larry Hatheway believes to ensure that US hegemony gives way to a peaceful and prosperous global balance of power, the European Union must step up.

  • 02 August 2018

    Priced for Perfection

    GAM Systematic’s Anthony Lawler explains how investors can seek to diversify their portfolios at a time when valuations in both equity and bond markets are beginning to look stretched.

  • 31 July 2018

    Coupon collecting: A silent march

    In the post-2008 era, finding attractive sources of yield has proved a perennial challenge. Jeremy Smouha explains that it remains possible to construct a high-quality portfolio with a significant yield premium. However, the ride is not always a smooth one.

  • 24 July 2018

    More art than science

    For the best part of 30 years, Japan has been the market to avoid for most investors. For half of this period, GAM’s Ernst Glanzmann has been trying to make sense of the riddle of how to invest in Japan successfully and his singular approach has yielded some undoubted benefits. As he celebrates a personal milestone of 15 years in the role, Ernst shares some insights and anecdotes from his colourful career in this ‘no holds barred’ Q&A.

  • 19 July 2018

    European equities: stock specific fundamentals remain key

    GAM Investment's Niall Gallagher observes that there was a sector rotation within European equity markets in June which has continued into July. He outlines the drivers behind that market move and presents the reasons why he believes it will not prove a long lasting trend.

  • China image

    17 July 2018

    China’s growing influence on global markets

    China’s burgeoning middle class is creating huge growth in consumption in areas such as luxury goods, cars and beverages. This is having an impact not just domestically but across global markets. GAM’s investment managers discuss the part China is playing within their respective area.

  • 10 July 2018

    European CRE Debt: Secured Income with Downside Protection

    European commercial real estate (CRE) direct lending strategies have gained in popularity among investors, primarily due to the high level of secured income and downside protection. The pan-European market offers an expanding and evolving opportunity set, with the most attractive countries currently Ireland, Spain and the Netherlands.

  • 04 July 2018

    EM: Everything has its price

    Year-to-date emerging market (EM) equities have proved more volatile than usual. GAM Investments' Tim Love examines the contributory factors and explains why he maintains a positive view

  • 28 June 2018

    Seeking Out Disruptors

    Q&A with GAM’s Mark Hawtin on disruption in the technology sector

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  • 10 August 2018

    Fund Manager Portrait: Reiko Mito

    Reiko has been managing Japanese equity portfolios for 18 years and, since joining GAM, has become an integral component of our settled Japan equity team, which has established an attractive track record. So, what’s their secret?

  • 05 July 2018

    Fund Manager Portrait: Massoud Mussavian

    Having managed teams comprising as many as 25 people prior to 2008, Dr Massoud Mussavian is relishing the more hands on role of leading the research effort for GAM Systematic equity strategies. But what does his job involve?

  • 06 March 2018

    Fund Manager Portrait – Roberto Bottoli

    "In the prevailing environment, investors are finding fewer and fewer sources of meaningful yield with low volatility from the fixed income universe."

  • 30 January 2018

    Fund Manager Portrait – Ernst Glanzmann

    After years of false dawns and ‘dead cat bounces’, Japanese equities surged to a 26-year high in early January. So, what better time to gain some valuable insights from a veteran who has watched events unfold both in Japan and from afar?

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