Perspectives

International Does Heavy Lifting For a Change

Q1 2025 Global Growth Strategy Commentary: Global equities outside the U.S. outperformed as increasing policy uncertainty under the new Trump administration spurred investors to look overseas.

AOR Update: As Good as It Gets?

Global Value Improvers Strategy February Commentary

Politics and trade concerns remained centre stage in February, as discussions and negotiations around tariffs by the new U.S. administration and retaliatory tariffs by trade partners weighed on global markets, driving value to outperform growth stocks.

Renewables Under Trump: Likely Better than Expected

Changes to the Inflation Reduction Act should be less than the market anticipates and ultimately have a muted impact on the strong short- and long-term renewables outlook.

Valuation of Infrastructure Assets Q4 2024

In our latest Valuation update, Portfolio Manager, Daniel Chu, discusses trends affecting infrastructure sector performance and reviews current valuations.

AOR Update: The Average Stock Selection

The Long View: Mean Reversion or Gambler's Fallacy?

Two years of strong gains don’t make U.S. equities due for a pullback, as the market has typically continued to climb.

Year of the Election: Why New Global Leadership Matters

While Donald Trump’s presidential victory has dominated global headlines, a number of key election results outside the U.S. could have significant impacts on international markets going forward.

U.S. Equity Outlook: Guarded Optimism Amid Bullishness

CIO, Scott Glasser explains why he expects U.S. returns to be more subdued but positive in the year ahead given ample liquidity, healthy corporate profits and animal spirits buoyed by expectations of a pro-growth, deregulatory agenda.

Infrastructure Outlook: Bridging the Valuation Gap

Opportunities continue to be widespread across the infrastructure landscape, with strong fundamentals and the market still massively underestimating the growth in electricity demand driven by AI and data growth.

U.S. Economic Outlook: Will U.S. Exceptionalism Continue?

Most key components of exceptional relative U.S. economic growth remain intact, supporting our forecast for a better than expected expansion in 2025.

AOR Update: U.S. Economy, Equities Set to Lead Again

A resilient U.S. economy has stood out against other developed nations in recent years with stronger economic growth and healthier corporate profits that have fuelled outsize stock market gains.