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Investment Opinions
  • 13 December 2018

    Outlook 2019: Investing in a post-peak environment

    We asked a number of our fund managers to outline the post-peak environment and consider what it means for their respective asset classes in 2019.

  • 6 December 2018

    Outlook 2019: key events

    We asked a number of our fund managers which key events they are looking out for in 2019 and what the impact is likely to be for their respective asset class.

  • 05 December 2018

    A guide to the Insurance Restricted Tier 1 (RT1) market

    The first insurance restricted tier 1 (RT1) deal was issued in late 2017. Romain Miginiac highlights why investors should consider these instruments and how they differ from traditional bank AT1s.

  • 29 November 2018

    Commodities curves and central banking policy

    Following several decades of neglect, ECB Chairman Mario Draghi is reintroducing commodities curves to central bank inflation forecasts. This is a welcome development, according to GAM Investments’ Joachim Corbach and Christian Gerlach, but some fine tuning appears to be required.

  • 27 November 2018

    Brexit – Deal or no deal?

    Brexit is due to be delivered in March 2019, but it is still not clear exactly what form this will take. GAM Investments’ Charles Hepworth looks at the most likely scenarios.

  • 22 November 2018

    European equities: much misunderstood

    GAM’s investment director Niall Gallagher has been managing European equities for 20 years. Here, he gives three reasons why he believes that the asset class is much misunderstood and has more to offer than first meets the eye.

  • 15 November 2018

    Differentiation is back!

    With capital markets seemingly dominated by geopolitical noise in 2018, GAM Investments’ Gianmarco Mondani highlights the potential of a low-volatility approach to equity investing to extract alpha against this testing backdrop.

  • 13 November 2018

    Opportunities and falling knives

    Changes are coming which could present investors with opportunities to add meaningful value to their portfolios. GAM Investments’ Julian Howard highlights a number of such opportunities which are likely to create volatility, dislocations and openings across markets.

  • 8 November 2018

    EM debt: looking towards ‘beaten up’ opportunities

    The best value to be had in emerging markets (EM) fixed income is in countries which have suffered this year, so it is no surprise GAM Investments’ Paul McNamara is viewing Turkey with interest, with further tactical opportunities in Brazil and Argentina.

  • 7 November 2018

    Convertible bonds: overlooked and unloved?

    Convertible bonds have been an unloved asset of late, but in the context of mid to long-term asset allocation GAM Investment’s Jonathan Stanford believes they offer a clear solution for dampening equity volatility while providing fixed income distribution.

  • 6 November 2018

    Be greedy when others are fearful*

    Technology stocks have been fiercely punished in this recent market turmoil, but GAM Investments’ Mark Hawtin takes heart from how leading technology players recovered from the 2007/8 downturn to suggest now might be a good time to pick up some attractively priced stocks.

  • 25 October 2018

    Can beta be bested?

    For the best part of a decade, investors have been taught that ‘buying the market’ (both equities and bonds) is the path to investment success. But, is this trend really sustainable? GAM Investments’ Roberto Bottoli investigates.

  • 23 October 2018

    Commodity trade finance: a new option in the hunt for uncorrelated returns

    The opportunity set for commodity trade finance is growing. This article seeks to highlight the attractive investment credentials of this relatively unknown and emerging asset class, as well as the risks investors should look out for.

  • 11 October 2018

    GAM Talks: How are you navigating current market conditions?

    We asked a group of our fund managers a series of questions regarding their respective asset classes. This third and final video considers how our managers are currently navigating emerging market equities, local emerging market debt and Japanese equities.

  • 04 October 2018

    GAM Talks: What are the main risks for your asset class?

    This second video looks at the current risks across emerging market equities, Japanese equities and local emerging market debt

  • 27 September 2018

    GAM Talks: Why should investors consider your asset class?

    We asked a group of our fund managers a series of questions regarding their respective asset classes. This first video, in a series of three, considers their current outlook and why investors should consider their asset class.

  • 25 September 2018

    Central bank communication: The perils of clarity

    With the Federal Reserve expected to raise US interest rates again at its latest meeting, GAM Investments’ Larry Hatheway considers whether US monetary policy is now approaching the neutral zone and whether this might impact the transparency of the central bank’s forward guidance going forward.

  • 19 September 2018

    Looking for value in high income credit

    Additional Tier 1 (AT1) debt has lost ground versus European High Yield (EHY) debt so far in 2018, with spread differentials currently exceeding 50 bps. The team at Atlanticomnium explain that this not only raises questions about the drivers behind the underperformance of bank AT1s, but also considerations about how risky they are compared to EHY debt.

  • 13 September 2018

    EM: Sound fundamentals meet short-term pressures

    Emerging market local currency bonds have had a difficult year so far. Yet, despite a series of headwinds including political risk, US tariffs and sanctions, GAM Investments’ Mike Biggs believes the outlook is positive due to sound economic fundamentals.

  • 6 September 2018

    The outlook for Argentina

    Michael Biggs, Investment Manager, Emerging Markets Fixed Income, takes a look at the macroeconomic challenges currently faced by Argentina, what policymakers are doing to address them and why the medium-term outlook for the country looks positive.

  • 4 September 2018

    EM equity: Is the glass half full?

    With emerging market (EM) equities, in aggregate, falling 20% in US dollar terms between the January 2018 peak and late August lows, GAM Investments’ Tim Love, believes this price action may potentially provide an attractive entry point for investors.

  • Japanese Garden

    30 August 2018

    Japan: Are its well-known deterrents still justified?

    The investment community has exhibited long-held concerns towards investing in Japanese equities. GAM Investments’ Ernst Glanzmann and Reiko Mito examine some of these so called ‘deterrents’ and considers whether there are also some opportunities to be found.

  • 28 August 2018

    The Relentless Logic of the S&P 500

    With so many apparent headwinds to global equity markets, GAM Investments’ Julian Howard examines the resilience of the S&P 500 index and finds justification for its relative invulnerability.

  • 23 August 2018

    Turkey turmoil

    Last week saw the Turkish lira lose more than 40% of its value since the beginning of 2018. GAM Investments' Paul McNamara appeared on Bloomberg’s Odd Lots podcast to explain why this happened, whether there is a way out for Turkey and why he believes there is little risk of contagion.

  • 16 August 2018

    EM equity: a great diversity of factors

    Joaquim Nogueira, an emerging markets (EM) equity specialist at GAM Investments, provides his view on some of the major economies in this singular segment of the global equity universe, at a time when he feels that recent price action has provided a new opportunity to selectively buy EM stocks.

  • Tuesday, August 14, 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.

  • Tuesday, August 07, 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.

  • Thursday, August 02, 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.

  • Tuesday, July 31, 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.

  • Tuesday, July 24, 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.

  • Thursday, July 19, 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

    Tuesday, July 17, 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.

  • Tuesday, July 10, 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.

  • Wednesday, July 04, 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

  • Thursday, June 28, 2018

    Seeking Out Disruptors

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

  • Greenback redux

    Tuesday, June 19, 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.

  • Fixed Income Opportunities image

    Thursday, June 07, 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

    Tuesday, June 05, 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

  • Friday, June 01, 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.

  • Tuesday, May 29, 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.

  • Wednesday, May 23, 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.

  • The tide has turned image

    Tuesday, May 08, 2018

    The Tide Has Turned

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

  • An alternative approach to accessing EM local Debt - Picture

    Thursday, May 03, 2018

    An Alternative Approach To Accessing EM Local Debt

    GAM Investments' Michael Biggs believes that while some investors have been reluctant to allocate to emerging market (EM) local currency debt, many of the inherent risks can be hedged by diversifying funding currencies while potentially enhancing risk-return characteristics.

  • The Worried Well image

    Tuesday, May 01, 2018

    The Worried Well

    The ‘worried well’ constitutes an established medical phenomena of patients who present to medical professionals with symptoms which – upon investigation – yield no underlying morbidity. This medical analogy is useful for assessing the current state of investment markets because, while it is easy to point to a laundry list of risks facing investors, it is much harder to conclude that the fundamentals which underpin the markets in the medium- to-long term are under dire threat.

  • large cap insight

    Thursday, April 26, 2018

    Large-cap Tech - some perspective

    GAM Investments' Mark Hawtin says that despite negative stories around the large-cap technology sector causing some setbacks this is not the start of a secular rotation away from growth technology, rather a healthy market development.

  • insights

    Monday, April 16, 2018

    What's happening in Russia

    With global equity markets slumping before staging a v-shaped recovery on the run up to the Easter holiday period, GAM’s investment experts give their view on the likelihood, and potential implications of, a US-inspired trade war.

  • Trade war icon

    Monday, April 09, 2018

    Navigating a potential trade war

    With global equity markets slumping before staging a v-shaped recovery on the run up to the Easter holiday period, GAM Investments' investment experts give their view on the likelihood, and potential implications of, a US-inspired trade war.

  • market volatility icon

    Friday, April 06, 2018

    The Post-New Normal Era

    As featured in Bloomberg Prophets, GAM Investments' Larry Hatheway believes that higher US wage inflation is leading market participants to doubt that the Fed can remain committed to "gradual normalisation."

  • em-why_now_icon

    Thursday, March 15, 2018

    German Equities – Consistent Rewards for Patient Investors

    The sudden return of sharp bouts of equity market volatility at the beginning of February 2018 served once more as a reminder to investors that there is never room for complacency in capital markets. The strong returns made in January 2018 evaporated within a short period of time. Oliver Maslowski, fund manager at GAM, on the merits of longer investment horizons, based on the German stock market’s example.

  • em-centre-stage-icon

    Friday, February 23, 2018

    Can Emerging Markets Take Centre Stage?

    Emerging markets have weathered many a storm, including significant political turbulence over the last few years. But, following early February’s volatility surge, can they continue to rally? GAM’s Tim Love takes a look.

  • tighter_monetary_policy_icon

    Friday, February 09, 2018

    Time to Get Active: A Cyclical View

    GAM’s Matthew Beesley explores the historic dynamic between the outperformance of active versus passive funds and discovers that it demonstrates deeply cyclical tendencies.

  • helicopter_money_icon

    Tuesday, January 16, 2018

    Are Super-Elevated Profits Serving Investors Well?

    US profit margins as a percentage of GDP are close to all-time highs. For many, this is a sign of corporate health further corroborated by the S&P 500’s third quarter profit growth of over 11% on the previous year. Good news it would seem but GAM’s Julian Howard believes the real issue for investors is how long it will last and are sustained high profits even desirable?

  • inflation-is-back-icon

    Tuesday, January 09, 2018

    2018 Outlook – Investment Themes to Watch

    GAM’s investment experts highlight what they believe will be the top investment themes for 2018 in their specialist fields.

  • convertiles_icon

    Thursday, January 04, 2018

    2018 Outlook – Events to Watch out for this Year

    GAM’s investment experts highlight what they believe will be the key events to look out for over the course of 2018 in their specialist fields.

  • normalisation_icon

    Thursday, December 21, 2017

    Trouble With The Curve

    When what is supposed to be a curve is more akin to a flat line, it can be interpreted as a sign of trouble ahead, as GAM’s Julian Howard explains.

  • xmas-wish-2017-icon

    Tuesday, December 19, 2017

    An Investor’s Holiday Wish List

    This time last year, Larry Hatheway's single wish for 2017 was that greater empathy would enter the human consciousness and become manifest in areas such as modernity, immigration and free trade. Read his wish for 2017.

  • 2018-outlook-icon

    Tuesday, December 12, 2017

    2018 Outlook – The Merits of Active Management

    GAM’s investment experts share insights on how active management adds value in their specialist fields.

  • balanced-portfolio-icon

    Tuesday, November 28, 2017

    The Balanced Portfolio Has Had Its Time

    As originally featured in Bloomberg Prophets, Larry Hatheway believes the days are numbered for the multi-asset trinity of positive correlation, high return and low volatility.

  • dividends-icon

    Thursday, November 02, 2017

    The Importance Of Dividends

    With bond yields continuing to hover around historically low levels, GAM’s Adrian Gosden and Chris Morrison revisit the case for accruing and reinvesting dividend income from a portfolio of equities.

  • em-rally-icon

    Tuesday, October 31, 2017

    Can The Emerging Markets Rally Continue?

    Michael Biggs, investment manager, emerging markets fixed income at GAM explains why he believes the current emerging markets rally has further to go.

  • low-index-volatility-icon

    Thursday, October 05, 2017

    Low Index Volatility: Great Active Opportunities?

    Kenneth Liew, Portfolio Manager, Multi Asset Portfolio Solutions takes a look at low index volatility, important underlying trends – and the impact on portfolio construction.

  • active-fights-back-icon

    Monday, October 02, 2017

    Active Management Fights Back!

    Over the last few years, competition has increased in the asset management industry, fees have been under pressure and performance among active managers has, in aggregate, been disappointing. It wasn’t always this way. And we think it won’t be this way as we look forward.

  • stocks-shrug-bonds-icon

    Tuesday, August 29, 2017

    Why Stocks Can Shrug Off Bonds

    This year, equity markets have broadly advanced, despite significant gyrations in bond yields. To some, that seems odd. How can stocks ignore bond moves, in particular episodes of rising yields? Chief economist Larry Hatheway explains why.

  • sterling_icon

    Tuesday, August 08, 2017

    Sterling: Pounded Down Far Enough?

    The British pound has been the subject of repeated doom-mongering since the Brexit referendum more than a year ago. Joachim Corbach, GAM’s Head of Currencies and Commodities, questions whether there really is more material downside for sterling from the prevailing depressed levels. This article originally featured in Fund Strategy.

  • normalisation_icon

    Friday, August 04, 2017

    Normalisation: A Turning Point?

    Tim Haywood, investment director for fixed income, says that with policy normalisation from central bankers in both Europe and North America driving bond yields aggressively upwards, June may be remembered as a turning point for fixed income markets.

  • india-bull-market_icon

    Tuesday, July 25, 2017

    India: On the Cusp of a Multi-year Bull Market?

    Madhav Bhatkuly considers recent milestones for the Indian economy, including the implementation of the Goods and Services Tax bill and the rapid transformation of the financial services sector, and explains why Indian equities could be on the cusp of a multi-year bull market.

  • why-active-icon

    Wednesday, July 19, 2017

    Why Active?

    As featured in Citywire Wealth Manager, Larry Hatheway, chief economist and head of GAM Investment Solutions, explains how active and passive strategies play a part in GAM’s multi-asset portfolios.

  • the_feds_hands_are_tied_icon

    Tuesday, July 04, 2017

    The Fed May Not Have Investors' Backs For Much Longer

    The US equity market’s implicit guarantee against instability might be coming to an end. Julian Howard, Head of Multi Asset Solutions at GAM considers why now, and how investors can mitigate the risks and reposition for more reliable income.

  • ration-pricing-icon

    Friday, June 23, 2017

    Stocks Aren't as Pricey as This Ratio Suggests

    The Shiller P/E ratio is high, but a valuation-based crash is unlikely so long as global earnings continue to grow. As featured on Bloomberg, chief economist Larry Hatheway explains why.

  • uk-elections-icon

    Friday, June 09, 2017

    UK General Election Outcome – What Now for Markets?

    Charles Hepworth, investment director at GAM, comments on the outcome of the UK General Election.

  • uk-elections-icon

    Tuesday, June 06, 2017

    UK General Election – What are the Polls Indicating?

    Charles Hepworth, Investment Director at GAM, considers what the outcome of the UK General Election could mean for markets.

  • market_turmoil_icon

    Monday, June 05, 2017

    From Policy-Guided to Fundamentally-Driven Markets

    The Global Financial Crisis (GFC) was seen by some as having the potential to mark the end of capitalism as we know it. Within financial markets there is plenty of evidence to suggest this has indeed been the case.

  • wadhwani_us_election_icon

    Wednesday, May 31, 2017

    Why the End of the Trump Trade is Good for Markets

    The so-called Trump trade is in trouble. As featured in Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, explains why this is good for markets.

  • investing-into-the-future_icon

    Tuesday, May 02, 2017

    GAM Investment Conference: Investing into the Future

    Investors could be forgiven for being distracted by the persistent changes to the geopolitical landscape and for wondering what might happen next to cause further market uncertainty. Paying too much attention to short-term investment trends rather than the importance of longer-term investment planning can prove a costly distraction. The GAM managers give their thoughts on looking long-term for investment success.

  • eu_equities-icon

    Friday, April 21, 2017

    The Remote But Real Risk in European Equity Markets

    Political risk is very much back on the agenda and even seemingly remote out comes cannot be discounted. While Gianmarco Mondani, Roberto Cantaluppi and Paolo Longinotti are wary of potential turbulence, they are also optimistic about the return to the market of differentiation at the stock level.

  • cheer_or_fear_icon

    Wednesday, April 19, 2017

    Cheer or Fear? The European Investment Dilemma

    Europe’s election calendar reads like a political minefield, with prospects appearing all the more bleak with the French elections throwing up the possibility of a break-up of the euro zone and the European Union. Julian Howard, head of Multi Asset Solutions, considers the dilemma this presents for investors, particularly in light of an improving economic and earnings picture for both France and Europe.

  • you-probably-cant-lose-icon

    Tuesday, April 11, 2017

    A Game You 'Probably' Can't Lose

    GAM Systematic’s Dr Ewan Kirk and Dr Tom Gillam pay a short visit to a world of odds-based binary bets and apply their findings to a more familiar financial landscape.

  • pair-trades_icon

    Thursday, April 06, 2017

    Pair Trades to Pare Risk

    In recent years, accessing the cheap beta of equity markets has been one of the best ways to invest. However, with dispersion becoming increasingly evident and potential political storm clouds gathering on the horizon, GAM portfolio managers Andy Kastner and Désirée Mueller ponder whether it might be a good time to reconsider a market neutral approach to investing in European equities.

  • argentina-equities-icon

    Tuesday, April 04, 2017

    Argentina – Expecting Entry Points to Materialise

    Argentina’s economic history is complex and unfortunate, characterised by booms and dramatic busts in recent decades. Tim Love, Investment Director for emerging market equities, discusses why Argentinian equities will soon present a buying opportunity.

  • rising-tides-icon

    Thursday, March 30, 2017

    Beware a Receding Tide

    As featured in Investment Week, Niall Gallagher, Investment Director for European equities at GAM, considers the outlook for European markets.

  • normalisation_icon

    Tuesday, March 21, 2017

    Preparing for Normalisation

    US stock indices are trading at, or near record highs, US household wealth is booming and US inflation is edging ever closer to the Federal Reserve’s (Fed) 2% target. Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, ponder the implications of a potential ‘normalisation’ of monetary policy for fixed-income investors.

  • banks-buy-bad-news-icon

    Thursday, March 09, 2017

    Should Investors Switch into Cyclical Stocks?

    Since July 2016, we witnessed a massive rotation from the defensive segments of the equity market into cyclical stocks. Carlo Capaul, GAM’s Head of Global Equities in Zurich, believes that investors need to weigh up the risks carefully before jumping on a moving train.

  • trump-icon

    Monday, February 13, 2017

    Will Politics Trump Economics?

    President Donald Trump has inherited an economy that is in much better shape than his predecessor did eight years ago. Nonetheless the new president has ambitious plans for his first 100 days in office. As featured on CNBC, Larry Hatheway, Chief Economist and Head of GAM Investment Solutions, considers just how much President Trump can achieve and what the likely impact on capital markets will be.

  • wadhwani_us_election_icon

    Thursday, January 19, 2017

    Trump: Can He?

    The inauguration of Donald Trump as the 45th President of the United States will be held tomorrow in Washington, D.C, marking the commencement of his four-year term in office. As featured on Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, considers what would constitute truly successful US economic policy and whether President-elect Trump can deliver it.

  • all-hail-king-carry-icon

    Tuesday, January 10, 2017

    2017 Outlook – Contrarian Trades

    A number of major political and economic events shaped financial markets in 2016, forcing investors to navigate a landscape of heightened volatility. But with uncertainty likely to continue through 2017, GAM’s investment managers have identified some unique investment opportunities that go against the grain.

  • 5-things-to-watch-icon

    Thursday, January 05, 2017

    2017 Outlook – Key Events

    With so much happening in parallel across political, economic and financial landscapes, it seems daunting to try to identify the one event that shaped 2016. In the following short statements, our investment experts share their predictions on which events will prove pivotal in 2017.

  • xmas-wishes-icon

    Wednesday, December 21, 2016

    A Single Wish for 2017

    Twelve months ago Larry Hatheway published a holiday wish list of five things he hoped would prevail in 2016. Sadly, few of those wishes came true this year - so this year the list is pared to one.

  • tighter_monetary_policy_icon

    Monday, December 19, 2016

    2017 Outlook – The Investment Themes to Watch

    2016 was a year of erratic markets and geopolitical shocks that sent fundamentals into the shadows. Bourses moved on speculation and surprise, challenging market participants. GAM’s investment experts put forward their key themes for the year ahead.

  • productivity-is-everything-icon

    Thursday, December 08, 2016

    Productivity Growth Now?

    John Lambert, Investment Director at GAM, blows the productivity mismeasurment myth. The future is more hyperbole than hypergrowth.

  • us-election-comment3-icon

    Wednesday, November 09, 2016

    #PresidentTrump - What now for Markets?

    GAM investment managers comment on their sectors of expertise following the outcome of the US elections.

  • velazquez_icon

    Friday, September 16, 2016

    The Fed According to Velazquez

    The US economy remains in reasonably good health, while the global economy is still somewhat fragile. This puts the US Federal Reserve firmly into investors’ focus. For Carlo Benetti, Head of Market Research and Business Innovation at GAM, perspective is exactly what counts – changing it can yield surprising insights.

  • corp-bonds-insights-icon

    Tuesday, September 13, 2016

    Death of the 60:40 Portfolio?

    The portfolio construction favourite is no longer the safe bet it once was. With limited upside to bond and equity markets, Julian Howard, Investment Director at GAM, looks at alternative allocation approaches.

  • can-negative-be-positive-icon

    Tuesday, August 30, 2016

    Can Negative be Positive

    We live in a period of low growth and low yields. How can investors generate returns in this environment? Gianmarco Mondani, CIO of the non-directional equity team in Lugano, explains what he does to navigate the turbulent waters of the financial markets.

  • us_profits_icon

    Tuesday, August 23, 2016

    What Peak Profits Mean for Markets

    Corporate profits of listed companies around the world are declining after nearly two decades of growth relative to total output. Julian Howard, Investment Director in GAM’s Multi Asset Class Solutions team, explains the implications.

  • ces-conference-icon

    Wednesday, August 10, 2016

    Remember the Debt Passive Funds Owe Active Managers

    Larry Hatheway, Group Head of Multi Asset Portfolio Solutions and Group Chief Economist, looks at the arguments for active investment.

  • tighter_monetary_policy_icon

    Wednesday, July 27, 2016

    What's next for the EU banking sector?

    Comment from Davide Marchesin, fund manager in GAM’s non-directional equity team.

  • eu_equities-icon

    Monday, July 25, 2016

    Attractive European ABS

    Laurence Kubli and Matthias Wildhaber, portfolio managers at GAM, comment on the attractiveness of European ABS in a post-Brexit, negative interest rate world.

  • 5-years-credit-opps-icons

    Thursday, July 21, 2016

    5 Years Best in Class

    Interview with Anthony Smouha, CEO of Geneva-based Atlanticomnium S.A. and portfolio manager of a range of credit portfolios, Grégoire Mivelaz, co-fund manager, and Jeremy Smouha, CEO of Atlanticomnium UK.

  • peripheral-banks_icon

    Tuesday, July 19, 2016

    Continental Europe after Brexit

    Niall Gallagher, investment director of European Equities at GAM discusses the impacts of the UK referendum outcome to leave the European Union on continental Europe.

  • leave_icon

    Friday, June 24, 2016

    Charles Hepworth on the UK's decision to leave the EU

    Charles Hepworth, Investment Director at GAM, comments on the UK's decision to leave the European Union (EU)

  • corp-bonds-insights-icon

    Friday, June 10, 2016

    The Demise of the Zero Yield Bound

    Negative bond yields used to be a theoretical concept. However, they are fast becoming a feature of an ever-increasing amount of bonds. Tim Haywood, investment director for absolute-return strategies, explains how his team deals with and profits from this phenomenon.

  • wadhwani_us_election_icon

    Tuesday, May 24, 2016

    Clinton, Trump & the Markets

    Comment from Sushil Wadhwani, CTA investment manager for GAM and CEO of Wadhwani Asset Management.

  • three-lessons-titanic_icon

    Thursday, April 14, 2016

    Three Lessons from the Titanic

    The sinking of the Titanic on 14 April 1912 offers an opportunity to reflect on financial markets and the surveillance of the risk tolerance needed.

  • the_committed_investor_icon

    Thursday, April 07, 2016

    The Committed Investor

    Andrew Green is longevity personified having been at GAM – where he now runs the Global Diversified and UK Diversified funds – since 1983. He talks about his views, investment style and work with Nils Taube in an interview with Lawrence Gosling taken from the book Intelligent Investors.

  • em_boost_icon

    Thursday, March 31, 2016

    Emerging Market Boost

    Emerging markets have rebounded in recent weeks. Enzo Puntillo, investment manager for emerging market debt, explains why the rally could continue and which areas are best-positioned to benefit.

  • gold_icon

    Wednesday, March 09, 2016

    As Good as Gold – the Case for Gold Miners

    John Lambert, Investment Manager, discusses the case for gold miners.

  • market_turmoil_icon

    Thursday, February 25, 2016

    Outsmarting Market Turmoil

    US equity markets started the New Year on a jittery note. Andy Kastner, portfolio manager of a long/short US equity strategy, explains how investors can navigate market turbulence and benefit from rising and falling share prices.

  • politics_markets_icon

    Wednesday, February 24, 2016

    When Politics and Markets Collide

    Julian Howard, Investment Director, looks at the influence of political risks on financial markets and how investors should factor these risks into their investment strategy.

  • tighter_monetary_policy_icon

    Thursday, February 04, 2016

    What Tighter Monetary Policy Might Mean for Investors

    Julian Howard, Investment Director at GAM discusses how to invest as a new rates cycle begins.

  • hidden-indicators_icon

    Wednesday, January 06, 2016

    Hidden Market Indicators

    GAM’s investment professionals reveal some of the hidden indicators they’re watching to be ahead of the curve.

  • dont-be-the-turkey_icon

    Tuesday, December 29, 2015

    Anti-Panic Manual – Don't Be The Turkey

    More often than not, our fears are unjustified, or not supported by statistics. Riccardo Cervellin, Country Head Italy, and Carlo Benetti, Head of Market Research & Business Innovation Italy, look at how fear can make investors their own worst enemies.

  • global_dividends_icon

    Tuesday, December 22, 2015

    The Dangerous Allure Of Dividends

    Dividend-paying stocks are attractive in a world of near-zero interest on bond investments. However, only picking the highest payers is too simple an approach and may risk ending with a dangerously unbalanced portfolio, in our view.

  • xmas-wishes-icon

    Monday, December 21, 2015

    5 Wishes & A Dollop Of Luck

    What is on your wish list this holiday season? GAM’s Larry Hatheway, Group Head of Multi-Asset Portfolio Solutions and Group Economist, puts forward a few aspirations for the common good.

  • political-risks_icon

    Wednesday, December 16, 2015

    Political Risks In 2016

    Geopolitical risks are inherently difficult to predict, but here are some of the key issues GAM investment experts are watching in 2016.

  • underdog-stocks-icon

    Friday, December 11, 2015

    GAM 2016 Outlook – 5 Underdog Stocks to Watch

    GAM Outlook for 2016.

  • corp-bonds-insights-icon

    Tuesday, December 08, 2015

    Is the Good Run for Corporate Bonds over?

    Darren Reece, Investment Manager, discusses the outlook for the corporate bond market and potential opportunities in the market.

  • sideways_markets_icon

    Tuesday, December 01, 2015

    Investing For Sideways Markets

    Sideways markets need not be boring. Julian Howard, investment director at GAM, explains why this environment actually offers potential for outperformance.

  • icon_buildings

    Thursday, October 29, 2015

    The Case For Cash

    Holding cash when value is hard to find is not lazy.

  • mivelaz_gregoire

    Monday, September 28, 2015

    Subordinated debt should work well in a rising rates environment

    Interview with Gregoire Mivelaz, fixed income manager at Atlanticomnium S.A. The Geneva-based boutique manages a credit strategy for GAM.

  • wadhwani_sushil

    Wednesday, July 29, 2015

    Comeback of the Machines?

    Dr Sushil Wadhwani, founder and CEO of Wadhwani Asset Management and former member of the Bank of England’s Monetary Policy Committee, explains why he expects managed futures strategies to perform well over the coming years.

  • puntillo

    Friday, July 17, 2015

    Heterogeneity in emerging markets calls for a selective approach

    Enzo Puntillo, Investment Director for emerging market debt strategies, discusses how emerging economies are heading into different directions and what the implications for his investment strategy are.

  • wainer_graham

    Wednesday, June 03, 2015

    Keeping the faith with US equities

    Graham Wainer, Group Head of Investments – MACS

  • seo

    Tuesday, May 19, 2015

    Cat bonds and the bundling misconception

    Dr John Seo, Co-Founder and Managing Principal at Fermat Capital Management, LLC discusses the rise of complex, non-transparent risk bundling within the reinsurance industry and how the cat bond asset class is unaffected by this.

  • gorman

    Monday, April 27, 2015

    Don't try this at home: Avoiding the pitfalls of local emerging market debt investing

    Caroline Gorman, Investment Manager, responsible for GAM’s emerging market debt strategies throws the spotlight on the potential pitfalls to be found when trading emerging market local debt.

  • seo

    Tuesday, April 14, 2015

    Cat bonds - issuance, yields and what's to come

    Following April’s record issuance, Dr John Seo talks on the supply / demand dynamics of the cat bond market and how first-quarter returns aren’t always a guide to full-year potential.

  • mcnamara_paul

    Thursday, February 26, 2015

    Hard vs local currency EM bonds – focus on credit risk, not FX risk

    Comment from Paul McNamara, Investment Director at GAM.

  • seo

    Tuesday, July 01, 2014

    The cat bond misconception

    Investors on the hunt for yield have turned the limelight on the cat bond market, but this flurry of attention has not been the primary driver for the asset class’s growth.

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