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An Investor's Guide to Bitcoin
Published January 25
Breaking Down the Record Year in ETFs
Published January 6, 2021
LATEST RESEARCH
Spanish Banks: Diverging Performance Set to Continue in 2021
Published February 18, 2021
The performance of Spanish banks under our coverage in Q4 2020 was mixed. For 2021, we see a challenging outlook, with persistent low interest rates and still elevated loan loss provisions amid a background of uncertain and fragile economic recovery.
Pharmaceuticals: Ready for your Booster Shot? Implications of the Covid-19 variants for Johnson & Johnson and Pfizer
Published February 17, 2021
Just as we thought the end of the pandemic was near, the news of not one, but various Covid-19 variants has emerged around the globe. In this thematic report, we look at the potential implications of the Covid-19 variants for vaccine developers, Johnson & Johnson (JNJ) and Pfizer (PFE), and the future of the Covid-19 vaccine.
EMEA Miners: Commodity Price Tailwind
Published February 17, 2021
The strong commodity price rally on the back of higher demand from China and fueled by optimism of a global economic recovery has led to multiple consensus earnings upgrades for mining companies and sent their share prices higher.
FedEx and UPS: Forget GARP, We've Reached GASP - Growth at a Superb Price
Published February 10, 2021
Package delivery firms are generating some of the fastest e-commerce-related revenue growth amid the pandemic online shopping boom. This will continue in 2021-2022, in our view, beating sell-side expectations for a tapering of growth after the pandemic.
Capturing Inflation Expectations
Published February 8, 2021
Based on expected monetary and fiscal policies for the year ahead, many advisors are thinking about how to manage rising inflation. Demand for inflation-protected fixed income ETFs has increased in the past year, with the sub-category gathering $16 billion in the same time frame, according to CFRA. Quadratic Interest Rate Volatility and Inflation ETF (IVOL) pulled in approximately $350 million of new money in January and has outperformed its larger peers by utilizing options to augment exposure to a traditional inflation measurement.
Watch a video discussion of these trends.
Chemicals: The Polyurethane Chain is Well-Positioned in 2021
Published February 5, 2021
Key polyurethane end-markets, including building & construction and furniture, are well-positioned for a strong 2021. Robust demand coupled with tight supply conditions will likely keep polyurethane chemical prices elevated in the near-term.
Hong Kong Property: Diverging Performance
Published February 5, 2021
Social unrest and U.S.-China trade war in 2019 and the Covid-19 pandemic drove Hong Kong into a two-year recession. While the economy is projected to return to growth in 2021, challenges remain, given the still ongoing pandemic. The residential property market remained fairly resilient and we expect prices to hold in 2021, underpinned by strong pent-up demand and low borrowing costs.
U.K. Homebuilders: Surveying the Foundations
Published February 3, 2021
We believe the shift in preference for single-family housing and regions outside of London and the South East is likely to continue over the medium term. Our analysis suggests demand growth should remain consistent even if prices moderate in the short term as government incentives come to an end.
Real Estate: The New Normal Hurts Office Outlook
Published January 25, 2021
The voice of the employee is being heard by employers, who are rethinking their policies about work from home and the office. The office environment that is taking shape is quite different than before Covid-19, as many workers like the remote lifestyle and productivity levels.
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