Insights

Dear Clients, As I suggested several months ago in a previous client letter, it wouldn’t be too long before inflationary concerns took hold in much of the public and professional discourse given rising treasury yields, questionable equity valuations, and the trajectory of various asset classes, Read Entire Entry

Dear Clients, A good deal of the talk over the past month has centered on the risk of higher inflation and its impact on parts of the emerging market asset class.  The basic idea is that rising US Treasury yields of late reflect looming inflation expectations, which at one level suggests the Read Entire Entry

Dear Clients, Over the past decade, it’s been commonplace among those in the investment and multilateral communities to regard the traditional distinction between developed and emerging markets as irrelevant to modern, commercial times. Unlike the 80s and 90s when the balance sheets of many Read Entire Entry

Dear Clients, Apart from some very impressive market gains, we’ve come to the close of a year that has been loathed almost universally and which has wrought countless sufferings on millions worldwide.  We are cautiously optimistic that 2021 will be a better year. But as we’ve seen in the US Read Entire Entry

Dear Clients, The release of some positive news on the vaccine front in November was especially constructive for the emerging and frontier markets in our ICRG coverage. Given concerns among many about the feasibility of storing the vaccines developed by Pfizer and Moderna (which require extremely Read Entire Entry

Dear Clients, The breadth of the global pandemic has widened in recent weeks with countries such as France and Germany imposing fairly strict new national lockdowns. The spread is occurring in other parts of the continent, with the EU and its neighbors (more…) Read Entire Entry

Dear Clients, Several years ago, political risk specialists began to make clear the diminishing separation between the pitfalls of investing in developed versus emerging markets.  For some time the risk premium/burden fell squarely on the shoulders of the sovereigns of the emerging world given Read Entire Entry

Dear Clients, Political risk entered a new but quite familiar phase more fully last week as US Fed Chairman Powell signaled a significant (but largely expected) change to the country’s monetary policy, suggesting that interest rates would stay low for some time, opting to allow employment gains Read Entire Entry

Dear Clients, One of the benefits of having the longest running and independently back-tested geopolitical risk series globally is that it lends itself to a range of applications and uses, from asset trading and portfolio management, to risk mitigation (more…) Read Entire Entry

Dear Clients, The post C19 world (for most of us, at least) is redefining ways in which geopolitical risk can be conceptualized. Risk of this sort is not – and has never been – a uniform phenomenon, where the hazards to business and assets are more or less evenly distributed among, for example, Read Entire Entry