Over the past month, risky assets nosedived on the back of more disappointing high frequency macro-economic data and, even more importantly, the unpleasant reminder of how important...

The new French President and the cabinet that will emerge from the June general elections (second round on June 17th) will face both short- and long-term challenges.

As expected, China reported "weak" GDP growth in the first quarter, of "just" 8.1%yoy.

After Greece got temporarily cauterized and the Italian government got "technocratised", Spain is the arena in which the latest chapter of the European crisis is being playing out. 

Fixed income fund managers will most likely remember September 22, 2011 as the day 10-year Treasury yields hit a low of 1.72% when the Fed officially announced the beginning of Operation...

The recent widening of sovereign spreads in the €-area is not the harbinger of another systemic crisis, so far. We continue to ascribe a low probability (<5%) to the €-breakup scenario.

The Turkish economy has grown rapidly in the past couple of years, attracting the attention of international investors and inspiring the envy of other emerging markets. 

Judging from the macroeconomic statistics for March, it looks like our optimistic reading of the global cycle was the right one.

Japan's government is the most indebted in the world

Focusing on country or sector allocation first is a question of fundamental importance for active equity portfolio management.