Hong Kong's next 20 years: Currency

Hong Kong's resolve to keep its currency's peg to the U.S. dollar appears unlikely to waver in the next few years -- even as its economic ties with China continue to deepen and Beijing's political sway over the territory grows.

Research and Analysis

China hedge funds bounce back from losses to rank near top

China-focused hedge funds bounced back from their worst performance in five years and trounced global counterparts. After an annual loss last year, Greater China hedge funds added more than 13 percent on average in the first half of 2017 to rank among the top-performing strategies in the world.

Hedge Funds

C-Suite AI focus signals coming labor disruption

A rapidly increasing number of company executives are discussing artificial intelligence during earnings calls and investor presentations, which could be a precursor for labor-disruptive technologies not only in manufacturing but also across the service sector. 

Research and Analysis

Investors are pouring money into silver ETFs

Silver, known for being a market of extremes, is living up to its reputation this year.

Commodities

Kenya bond rally fueled by investors who have run out of options

Kenya’s best bond rally in at least five years has less to do with faith in the sovereign than finding a place to hide.

Emerging Markets
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Why credit spreads are resisting threats from rising rates

If markets are braced for a new dawn for risk assets bereft of monetary stimulus to juice returns amid record U.S. corporate leverage, credit investors remain remarkably sanguine.

Fixed Income

Apple's billion devices give augmented reality edge over Google

Alphabet Inc.’s Google beat Apple by three years in releasing AR tools, but its features are on very few phones and haven’t gained wide acceptance. By contrast, Apple can easily pair its software and devices, an advantage that will help it quickly make up lost ground.

Data Science

Restaurant valuations likely baked in not-yet-cooked tax relief

The S&P Supercomposite Restaurants index trades well above historical averages, with a 16.1x EV-to-trailing 12-month Ebitda multiple vs. a 12x decade average, with the prospect of U.S. corporate tax relief likely baked in even though there's no solid, unified plan from Washington.

Research and Analysis

Brazil bond bulls turn bearish as politics cloud further gains

Brazilian bonds are losing their luster after one of the biggest rallies in developing nations. Steve Drew, the head of emerging-market credit at Janus Henderson, which oversees $331 billion in assets, shifted from an overweight position in Brazil to underweight six weeks ago.

Emerging Markets

Has outsourcing lost its strategic relevance?

Enterprises now more than ever need to leverage the global business models they’ve built over the last 20 years and the digital, economic and social ecosystems that support them.

Data and Tech Operations