Together with compelling valuations and strengthening fundamentals, the external backdrop for emerging market debt in Africa is improving. Careful navigation is key, yet the potential rewards are substantial.

Fundamentals prevail over technicals and tariffs. Here’s what’s shaping our thinking and portfolios.

Japan is undergoing a transformation. With valuations well below historical averages and global peers, we see an attractive entry point for investors.

Although a drive to onshore manufacturing of pharmaceuticals is positive, there could be unintended consequences around price, availability and global relations.

Is Japan’s positive investment story intact? We discuss market events, how we are upgrading quality at attractive valuations and the outlook from here.

We don’t pretend to have all the answers on China and the U.S., but amid such market volatility we are not making bold macro calls. Instead our focus is on thoughtful, quality-led stock selection.

As investors navigate a slower growth, policy-fragmented environment, AI stands out as a long-term theme with the potential to deliver durable growth and broad-based opportunity across the value chain.

How will policy uncertainty and macro headwinds shape opportunities in fixed income?

In an environment of elevated macro risks and uncertainty, there are bright spots fueling our optimism for equities.