This site uses cookies

To give you the best possible experience, the GAM website uses cookies. You can read full information of our cookie use here. Your privacy is important to us and we encourage you to read our privacy policy here.

OK
Show/Hide

Insights & Thought Leadership

THOUGHT LEADERSHIP

  • Weekly Manager Views' picture

    22 June 2018

    Market Updates 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.

  • multi-asset-perspectives-social

    21 June 2018

    Multi Asset Perspectives Multi Asset Perspectives: Playing the range

    Volatility revisited markets last month, but overall equities made modest gains. Against this backdrop, the global asset allocation committee met this week to discuss investment strategy. A brief summary follows.

  • 19 June 2018

    Investment Opinions Greenback Redux could be seismic

    The US dollar has experienced significant moves in each direction during the era of the Trump administration. GAM’s Julian Howard explains why a further strengthening of the world’s reserve currency could have a bigger impact than previously.

  • economic_outlook_icon

    18 June 2018

    Macroeconomics 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.

  • Weekly Manager Views' picture

    15 June 2018

    Market Updates 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.

  • 14 June 2018

    Investment Opinions A mid-Fed cycle correction

    After an unusually volatile period for assets in the emerging market (EM) complex, GAM’s Enzo Puntillo explains why he remains optimistic about the outlook for EM debt.

  • Weekly Manager Views' picture

    08 June 2018

    Market Updates 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.

  • Fixed Income Opportunities image

    07 June 2018

    Investment Opinions Searching out the real fixed income opportunities

    The US bond market has certainly become cheaper in recent months, but GAM’s Adrian Owens believes more attractive investment opportunities can be found beyond the US.

  • European equities to prosper beyond Italian political turbulence - Icon

    05 June 2018

    Investment Opinions European equities to prosper despite Italian politics

    The Italian economic recovery is stronger than is currently being reflected in economic data, despite recent political turmoil. GAM’s Niall Gallagher believes the outlook for the European economy remains positive and any contagion is likely to be modest

  • 01 June 2018

    Investment Opinions Navigating around the protectionist quagmire

    While protectionism can cast a shadow over economies with an elevated trade component to GDP, GAM’s Tim Love believes it is a fallacy to blindly place all emerging markets into this category.

View All Articles
  • Weekly Manager Views' picture

    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.

  • Weekly Manager Views' picture

    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.

  • Weekly Manager Views' picture

    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.

  • Weekly Manager Views' picture

    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.

  • Weekly Manager Views' picture

    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

  • Weekly Manager Views' picture

    18 May 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 16 May 2018 – this week’s speaker was Larry Hatheway, commentating on the fact markets are currently struggling to find a direction.

  • Weekly Manager Views' picture

    11 May 2018

    Weekly Manager Views

    Please find the notes from GAM’s Weekly Investment Meeting on 9 May 2018 – this week’s speakers were Mirjam Heeb, commentating on a positive start to the year for the health innovation sector, and Fabien Weber, discussing the reasons behind the renewed interest in commodities.

  • 2018-outlook-icon

    04 May 2018

    Weekly Manager Views

    Please find below the notes from GAM’s Weekly Investment Meeting on 2 May 2018 – this week’s speakers were Larry Hatheway, commentating on the latest macro events, and Mike Biggs, discussing a new approach to accessing emerging market local debt.

  • sideways_markets_icon

    04 May 2017

    Redefining Safe Havens

    As riskier assets defy doomsday expectations amid global economic uncertainty, GAM's Doug Branson warns investors not to blindsided against opportunity in the search for a safe place to hide.

  • all-eyes-on-the-uk-icon

    25 April 2017

    All Eyes on the UK

    Following the triggering of Article 50 and confirmation of the snap election on 8 June, the UK’s political journey is being closely monitored and greatly speculated upon by market participants around the world. GAM Investment Director Tim Haywood comments on why his home market has also become his favourite short.

View All Articles
  • 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.

  • economic_outlook_icon

    25 October 2017

    Larry Hatheway on Markets - October 2017

    Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the current global macro picture, the on-going Q3 earnings season and the effect of the expected tapering by central banks on the markets.

View All Articles
  • 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.

View All Articles
  • 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’s 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’s 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’s 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.

View All Articles
  • 19 June 2018

    Greenback Redux could be seismic

    The US dollar has experienced significant moves in each direction during the era of the Trump administration. GAM’s Julian Howard explains why a further strengthening of the world’s reserve currency could have a bigger impact than previously.

  • 14 June 2018

    A mid-Fed cycle correction

    After an unusually volatile period for assets in the emerging market (EM) complex, GAM’s Enzo Puntillo explains why he remains optimistic about the outlook for EM debt.

  • Fixed Income Opportunities image

    07 June 2018

    Searching out the real fixed income opportunities

    The US bond market has certainly become cheaper in recent months, but GAM’s Adrian Owens believes more attractive investment opportunities can be found beyond the US.

  • European equities to prosper beyond Italian political turbulence - Icon

    05 June 2018

    European equities to prosper despite Italian politics

    The Italian economic recovery is stronger than is currently being reflected in economic data, despite recent political turmoil. GAM’s Niall Gallagher believes the outlook for the European economy remains positive and any contagion is likely to be modest

  • 01 June 2018

    Navigating around the protectionist quagmire

    While protectionism can cast a shadow over economies with an elevated trade component to GDP, GAM’s Tim Love believes it is a fallacy to blindly place all emerging markets into this category.

  • 29 May 2018

    Is now a good time to consider commodities?

    Commodities are among the strongest performers so far this year, GAM’s Fabien Weber suggests the renewed interest in the asset class is based on improving fundamentals that could persist for the next few years.

  • 23 May 2018

    EM Debt: Stay With The Fundamentals

    GAM’s Paul McNamara notes that recent weakness in emerging market (EM) local currency debt is almost entirely due to US dollar strength and that EM’s domestic fundamentals remain sound.

  • 22 May 2018

    EM Debt: Avoiding polarised outcomes

    GAM’s Enzo Puntillo notes the fact hard currency bond returns typically perform in accordance with the US dollar and this therefore tends to lead to polarised return outcomes.

  • Navigating Markets with Active Asset Management's picture

    15 May 2018

    Navigating Markets with Active Asset Management

    At GAM Investments’ recent conference in London, CEO Alexander Friedman argued that the last 30 years have been one long super cycle for global markets. The withdrawal of easy money from central banks could see this draw to a close, creating a much more unstable market environment better suited to active managers.

  • The tide has turned image

    08 May 2018

    The Tide Has Turned

    A Q&A with portfolio manager Jian Shi Cortesi on China and Asia ex Japan equities…

View All Articles
  • manager-profile-icon

    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."

  • manager-profile-icon

    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?

  • manager-profile-icon

    11 October 2017

    Fund Manager Portrait – Tim Haywood

    Meet Tim Haywood, Investment Director at GAM and business unit head for fixed income, responsible for the absolute return bond family of funds as well as various long only fixed income mandates.

View All Articles