15 November 2018Differentiation 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 2018Opportunities 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 2018EM 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 2018Convertible 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 2018Be 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 2018Can 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 2018Commodity 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.
17 October 2018Luxury: Solid trends continue
Despite escalating geopolitical tensions, GAM Investments’ Scilla Huang Sun reports that luxury sales are continuing to grow robustly and explains why she feels that this is a secular theme which has more to offer to investors.
11 October 2018GAM 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, luxury brands, local emerging market debt, Japanese equities and European value equities.
9 October 2018Japan: 29 years after the crash
GAM Investments’ Carlo Capaul and Ernst Glanzmann analyse how the Japanese equity market has evolved over the last three decades from both technical and fundamental perspectives.
04 October 2018GAM Talks: What are the main risks for your asset class?
We asked a group of our fund managers a series of questions regarding their respective asset classes. This second video looks at the current risks across European value equities, emerging market equities, luxury brands, Japanese equities and local emerging market debt.
27 September 2018GAM 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 2018Central 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 2018Looking 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 2018EM: 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 2018The 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 2018EM 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.
30 August 2018Japan: 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 2018The 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 2018Turkey 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 2018EM 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, 2018Stick 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, 2018The 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, 2018Priced 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, 2018Coupon 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, 2018More 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, 2018European 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.
Tuesday, July 17, 2018China’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, 2018European 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, 2018EM: 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, 2018Seeking Out Disruptors
Q&A with GAM’s Mark Hawtin on disruption in the technology sector
Tuesday, June 26, 2018Polarisation in the luxury space
GAM’s Scilla Huang Sun evaluates some interesting trends in the luxury market and explains why this is a sector in which active management can add considerable value.
Tuesday, June 19, 2018Greenback 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.
Thursday, June 14, 2018A 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.
Thursday, June 07, 2018Searching 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.
Tuesday, June 05, 2018European 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, 2018Navigating 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, 2018Is 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, 2018EM 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.
Tuesday, May 22, 2018EM 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.
Tuesday, May 08, 2018The Tide Has Turned
A Q&A with portfolio manager Jian Shi Cortesi on China and Asia ex Japan equities…
Thursday, May 03, 2018An 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.
Tuesday, May 01, 2018The 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.
Thursday, April 26, 2018Large-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.
Tuesday, April 24, 2018Equity Income: A source of added value
Five years have passed since the launch of GAM’s global equity income strategy. While half a decade is not a particularly long period of time, it nevertheless represents an opportunity to discuss the viability of the investment case in light of the current investment conditions. Do global equity income strategies (ie investments in companies with above average shareholder yields - through dividends and/or share buy-backs - financed by reasonably good business models) make sense in general? Or is it simply the case that they have benefited from falling bond yields and a reversal in this secular trend will spoil the party?
Monday, April 16, 2018What'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.
Monday, April 09, 2018Navigating 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.
Friday, April 06, 2018The 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."
Thursday, March 15, 2018German 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.
Tuesday, March 13, 2018EM Debt: Beyond Asset Allocation
Investing in emerging market debt should be all about value and selection, rather than trying to forecast the direction of the US dollar or movements in Treasury yields says GAM’s Enzo Puntillo.
Friday, February 23, 2018Can 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.
Wednesday, February 14, 2018Eight Reasons to Be Fearful for the Bond Market
Traditional fixed income markets face a number of challenges over the coming year. Tim Haywood, investment director, highlights eight reasons to be fearful for the bond market and how absolute return strategies can exploit these conditions.
Friday, February 09, 2018Time 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.
Wednesday, February 07, 2018Return to Volatility
GAM’s investment experts react to market moves this week that have marked a return of volatility after an unusual period of calm.
Wednesday, January 31, 2018From a Growth to a Value Bubble?
The ‘value’ investment style endured a miserable year in 2017, but GAM’s Hans Ulrich Jost believes that we are seeing early indications which could herald a return to valuation-based stock picking.
Tuesday, January 16, 2018Are 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?
Tuesday, January 09, 20182018 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.
Thursday, January 04, 20182018 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.
Thursday, December 21, 2017Trouble 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.
Tuesday, December 19, 2017An 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.
Tuesday, December 12, 20172018 Outlook – The Merits of Active Management
GAM’s investment experts share insights on how active management adds value in their specialist fields.
Tuesday, November 28, 2017The 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.
Thursday, November 02, 2017The 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.
Tuesday, October 31, 2017Can 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.
Thursday, October 05, 2017Low 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.
Monday, October 02, 2017Active 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.
Tuesday, August 29, 2017Why 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.
Tuesday, August 08, 2017Sterling: 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.
Friday, August 04, 2017Normalisation: 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.
Tuesday, July 25, 2017India: 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.
Wednesday, July 19, 2017Why 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.
Tuesday, July 04, 2017The 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.
Friday, June 23, 2017Stocks 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.
Friday, June 09, 2017UK General Election Outcome – What Now for Markets?
Charles Hepworth, investment director at GAM, comments on the outcome of the UK General Election.
Tuesday, June 06, 2017UK 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.
Monday, June 05, 2017From 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.
Wednesday, May 31, 2017Why 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.
Tuesday, May 02, 2017GAM 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.
Friday, April 21, 2017The 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.
Wednesday, April 19, 2017Cheer 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.
Tuesday, April 11, 2017A 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.
Thursday, April 06, 2017Pair 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.
Tuesday, April 04, 2017Argentina – 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.
Thursday, March 30, 2017Beware a Receding Tide
As featured in Investment Week, Niall Gallagher, Investment Director for European equities at GAM, considers the outlook for European markets.
Tuesday, March 21, 2017Preparing 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.
Thursday, March 09, 2017Should 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.
Monday, February 13, 2017Will 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.
Thursday, January 19, 2017Trump: 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.
Tuesday, January 10, 20172017 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.
Thursday, January 05, 20172017 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.
Wednesday, December 21, 2016A 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.
Monday, December 19, 20162017 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.
Thursday, December 08, 2016Productivity Growth Now?
John Lambert, Investment Director at GAM, blows the productivity mismeasurment myth. The future is more hyperbole than hypergrowth.
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.
Friday, September 16, 2016The 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.
Tuesday, September 13, 2016Death 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.
Tuesday, August 30, 2016Can 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.
Tuesday, August 23, 2016What 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.
Wednesday, August 10, 2016Remember 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.
Wednesday, July 27, 2016What's next for the EU banking sector?
Comment from Davide Marchesin, fund manager in GAM’s non-directional equity team.
Monday, July 25, 2016Attractive 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.
Thursday, July 21, 20165 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.
Tuesday, July 19, 2016Continental 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.
Friday, June 24, 2016Charles 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)
Friday, June 10, 2016The 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.
Tuesday, May 24, 2016Clinton, Trump & the Markets
Comment from Sushil Wadhwani, CTA investment manager for GAM and CEO of Wadhwani Asset Management.
Thursday, April 14, 2016Three 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.
Thursday, April 07, 2016The 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.
Thursday, March 31, 2016Emerging 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.
Wednesday, March 09, 2016As Good as Gold – the Case for Gold Miners
John Lambert, Investment Manager, discusses the case for gold miners.
Thursday, February 25, 2016Outsmarting 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.
Wednesday, February 24, 2016When 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.
Thursday, February 04, 2016What Tighter Monetary Policy Might Mean for Investors
Julian Howard, Investment Director at GAM discusses how to invest as a new rates cycle begins.
Wednesday, January 06, 2016Hidden Market Indicators
GAM’s investment professionals reveal some of the hidden indicators they’re watching to be ahead of the curve.
Tuesday, December 29, 2015Anti-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.
Tuesday, December 22, 2015The 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.
Monday, December 21, 20155 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.
Wednesday, December 16, 2015Political 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.
Friday, December 11, 2015GAM 2016 Outlook – 5 Underdog Stocks to Watch
GAM Outlook for 2016.
Tuesday, December 08, 2015Is 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.
Tuesday, December 01, 2015Investing For Sideways Markets
Sideways markets need not be boring. Julian Howard, investment director at GAM, explains why this environment actually offers potential for outperformance.
Thursday, October 29, 2015The Case For Cash
Holding cash when value is hard to find is not lazy.
Monday, September 28, 2015Subordinated 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.
Wednesday, July 29, 2015Comeback 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.
Friday, July 17, 2015Heterogeneity 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.
Wednesday, June 03, 2015Keeping the faith with US equities
Graham Wainer, Group Head of Investments – MACS
Tuesday, May 19, 2015Cat 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.
Monday, April 27, 2015Don'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.
Tuesday, April 14, 2015Cat 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.
Thursday, February 26, 2015Hard vs local currency EM bonds – focus on credit risk, not FX risk
Comment from Paul McNamara, Investment Director at GAM.
Tuesday, July 01, 2014The 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.