Tariff Regime Change: How to Position a Multi-Asset Portfolio When Trade Becomes Geopolitics
The 2025–2026 tariff escalation is not a temporary negotiating tactic. It is the first salvo in a multi-decade restructuring of global trade architecture. We model the winners, the losers, and the portfolio tilts that best capture the transition — across equities, fixed income, commodities, and currencies.
Read the analysisIndia's Middle Class, Capital Markets, and the 2030 Opportunity
A systematic look at the structural drivers of Indian equity premium and the access vehicles that make sense for non-resident investors.
Grid Infrastructure: The $4 Trillion Decade That Nobody Is Talking About
AI data centres and EV adoption have a common chokepoint: the grid. The capex required to upgrade it creates a generational investment opportunity hiding in plain sight.
High Yield at 385bps: Reading Default Risk Through the Noise
Spreads price neither recession nor recovery cleanly. We decompose the signal from five default-prediction models and find the market is too complacent on duration risk.
The Alpha in ESG Is Not Where You Think It Is
Social and governance factors, not environmental, have historically driven the outperformance attributed to ESG strategies. We disaggregate the returns across 22 years of data.
Japan's Corporate Governance Revolution Is Real — and Still Underpriced
Three years into the TSE reform programme, buybacks and ROE improvement have been structural, not cosmetic. Foreign investors remain significantly underweight despite the evidence.
The Structural Bear Case for 60/40 in a Positive-Correlation World
When inflation is the primary risk driver, equities and bonds move together — eliminating the diversification benefit at the exact moment you need it. We examine alternatives empirically.