Bond Market Shifts

Now is a good time for investors to re-balance their fixed-income portfolios and add more government bonds. As the stock market reaches new highs, analysts remain concerned that investors are too complacent about risks, such as escalating trade tensions with China, a slowing in earnings growth and the expectation that the Federal Reserve will keep Read More…

eSports Boom in China

The market for eSports and online games is rapidly growing in China, spurred by demand from consumers in the country’s smaller cities. Later this year, the world’s first purpose-built eSports gaming stadium is set to open in China’s Chongqing municipality with space for up to 20,000 excited fans. The municipality’s plan is to make the Read More…

Green Hydrogen Could Revolutionize Energy Production

Green hydrogen could revolutionize energy production, helping utilities run more flexible power grids while reducing fossil fuel emissions. Could hydrogen power be the key to a more carbon-free world? Although a high percentage of the hydrogen power currently produced comes from fossil fuels, further declines in the cost of emissions-free “green” hydrogen production could accelerate Read More…

Digitalization in Health Care

Healthcare has been slow to embrace digitalization, but growing tech investment and pricing pressures could bring disruption sooner than many expect. Digitalization has transformed virtually every sector, from retail and media to travel and finance; but it’s been slow to gain a foothold in the healthcare industry, which is heavily specialized and regulated, walled in Read More…

Investing in China

It’s only a matter of time before global fixed income investors own more Chinese assets, particularly given the prospect of benchmark inclusion into several major global indexes and greater accessibility for the onshore Chinese bond market. Chinese bonds seem favorable to many investors looking to add an element to their global investment portfolio. An important Read More…

Universities: The Problems with Academic Conglomerates

Major research universities are struggling with the forces of rising tuition, demographic changes, online learning growth, pressure on research funding, volatile endowment earnings, and overall dissatisfaction with graduate employment opportunities. All these are trends with significant risks for university departments, colleges, and central administrations. In practicality, research universities are similar to corporate conglomerates in structure, Read More…

The Mystery Behind Global Bond Paradox

Let us discuss how hedging can enhance low local yields. Yields on the German bund remain stuck below 50 basis points while the Japanese government bonds yield virtually zero basis points. U.K. gilts on the other hand yield only 125 basis points. Does this mean non-U.S. bonds such as the ones mentioned above hold any Read More…

Banks: A Tale of Necessary Transformation

Investors have maintained a rather negative view of the banking sector; banks hold equity valuations now above book value, but only slightly. Prior to the recession, the price-to-book ratio of banks in developed countries was circling around 2, but since then banks have had average price-to-book ratios of less than one. Additionally, banks in developing Read More…