Japanese equities outperformed their peers in June and have continued to do well so far in July. We believe there is still plenty of scope for further gains in the Nikkei 225 even if, as we expect...

We now think that the US FOMC will tighten monetary policy sooner, and by more, than we had previously envisaged. Our revised view is that the federal funds rate will end 2016 at 3.0%, rather than 2.5...

The onset of Fed tightening has not tended to drive up spreads on investment-grade corporate bonds much in the past. In fact, in the majority of the seven major tightening cycles since the early 1970s...

We do not think that an end to the current low level of volatility in financial markets would necessarily dull investors’ appetite for riskier assets in the emerging world. In fact, our view is that...