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  • ""
    November 27, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    November 27, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    November 20, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    November 20, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    November 13, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    November 13, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Woman working with futuristic looking interface.
    November 11, 2022
    • Investor Services
    The future of financial services is a story of two races: a race to automate for scale and resiliency, and a race to attract the best human capital. Winning strategies recognize that success needs both.
  • green abstract background with clock overlay
    November 08, 2022
    • Investor Services
    What’s needed before a region with 41 trading exchanges and 31 settlement infrastructures can consider a shorter settlement cycle?
  • ""
    November 06, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    November 06, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    October 30, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    October 30, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • October 25, 2022
    • Investor Services
    The U.K.’s Long Term Asset Fund initiative could be a strategic solution for pension schemes amid future volatility.
  • ""
    October 23, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    October 23, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    October 16, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    October 16, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Looking up night view in road intersection of shinjuku, the silhouettes of skyscrapers reflect twilight sky in Tokyo, Japan
    October 13, 2022
    • Investor Services
    As an outlier in a world of rising interest rates, and as investment behaviour evolves, Japan offers a growing opportunity to Western asset managers eyeing the ¥2,023 trillion* household savings market. BBH’s Japan team shares how they can best access that opportunity.
  • October 12, 2022
    • Investor Services
    As the world watches the U.S. market plan for a T+1 cycle for securities settlement, others are assessing similar moves. BBH sets out the main process areas in the securities trade lifecycle that will be impacted by shorter settlement cycles and what you need to do now to prepare.
  • ""
    October 09, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    October 09, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    October 02, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    October 02, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Steel brain with wires and cables. 3D illustration
    September 26, 2022
    • Investor Services
    What is now needed to meet the next generation of ESG investors? Adrian Whelan unpicks the title of a session at Sibos, where he will be speaking next month.
  • ""
    September 25, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 25, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    September 18, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 18, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    September 11, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 11, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    September 07, 2022
    • Investor Services
    The U.S. economy remains on firm footing; U.S. yields continue to rise; strange things are happening to the U.S. curve; August ISM services PMI came in strong; the Fed releases its Beige Book report; BOC is expected to hike rates 75 bp to 3.25%; Chile delivered a hawkish surprise with a 100 bp hike to 10.75% vs. 75 bp expected; reports suggest the U.K. is stepping back from a Brexit confrontation with the EU; BOE officials testify to Parliament’s Treasury Committee; Germany reported July IP; Poland is expected to hike rates 25 bp to 6.75%; Japan officials are getting more concerned about the weak yen but there’s really not much that can be done as long as the BOJ maintains its ultra-dovish stance; Australia reported firm Q2 GDP data; China reported soft August trade data
  • ""
    September 04, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    September 04, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • long grocery list coming out of coin purse

    Major Markets Global Overview

    August 31, 2022
    • Investor Services
    High food and energy prices continue to squeeze households globally. Aggressive monetary policy responses and shrinking real incomes have increased global recession risks. Indeed, more and more signs of recession are piling up.
  • Foreign Exchange Publication Cover third quarter 2022
    August 31, 2022
    • Investor Services
    Our Currency Strategists set out what the geopolitical and macro-economic landscape means for major and emerging markets in the third quarter
  • Financial technology concept. Block chain.

    Currency Forecasts

    August 31, 2022
    • Investor Services
    Our Currency Strategy experts offer their predictions for currency performances for both Major and Emerging Markets.
  • illustration of the globe on a scale

    Emerging Markets Global Overview

    August 31, 2022
    • Investor Services
    For much of the first half of this year, high interest rates and rising commodity prices helped these currencies outperform their emerging market peers. However, broad-based dollar strength has slowly but surely eaten away at those EM FX gains and this is likely to continue as the Fed remains on its aggressive tightening path.
  • ""
    August 28, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 28, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • illustrated jungle background
    August 23, 2022
    • Investor Services
    Banks, asset managers and insurers operating in the EU will be subject to new rules intended to boost the security and resiliency of the financial sector. Adrian Whelan maps out what asset managers need to know.
  • ""
    August 21, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 21, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    August 14, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 14, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    August 12, 2022
    • Investor Services
    Fed speakers continue spreading the hawkish message; PPI data also came in on the soft side; preliminary August University of Michigan consumer sentiment will be today’s data highlight; monthly U.K. data dump began; eurozone June IP was reported; Sweden reported July CPI; Taiwan revised Q2 GDP growth slightly lower; India reports July CPI and June IP
  • ""
    August 11, 2022
    • Investor Services
    Markets are still digesting yesterday’s CPI data; July PPI will be reported today; Fed tightening expectations continue to adjust; Fed speakers continue spreading a very hawkish message; the heavy slate of Treasury issuance this week concludes; Mexico is expected to hike rates 75 bp to 8.50%; Peru is expected to hike rates 50 bp to 6.50%; German Chancellor Scholz promised more relief for its citizens; PBOC has pivoted and further easing now seems unlikely
  • ""
    August 10, 2022
    • Investor Services
    Fed speakers will continue spreading the hawkish message; July CPI will be the highlight; the heavy slate of Treasury issuance this week continues; U.K. energy outlook continues to deteriorate; despite the gloomy macro outlook, the BOE is set to continue tightening as inflation spirals ever higher; Norway reported July CPI; Japan reported July PPI; China reported July CPI and PPI; Thailand hiked rates 25 bp to 0.75%, as expected
  • ""
    August 09, 2022
    • Investor Services
    The lack of follow-through for the dollar is disappointing; the next big Fed event will be its Jackson Hole Economic Symposium; Fed tightening expectations still need to adjust; Mexico reports July CPI; Brazil central bank minutes will be released; BOE Deputy Governor Ramsden said interest rates will have to rise further to help limit inflation; Hungary reported July CPI; Japan reported July machine tool orders
  • ""
    August 08, 2022
    • Investor Services
    Markets are still digesting last week’s blockbuster jobs report; Fed tightening expectations continue to adjust; higher U.S. yields continue to support the dollar; U.K. households are facing even greater energy bills; despite the gloomy outlook, the BOE is set to continue tightening as inflation spirals ever higher; Czech central bank Governor Michl signaled the end of the tightening cycle, at least for now; Japan reported June current account data; China reported July trade and foreign reserves data
  • ""
    August 07, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    August 07, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • U.S. Dollars and hourglass
    August 05, 2022
    • Investor Services
    Fed officials continued their communication push; Fed tightening expectations should move higher; the July jobs report is the main event; Canada also reports July jobs data; several eurozone countries reported June IP; BOE hiked rates 50 bp to 1.75%, as expected; updated forecasts were grim; Czech Republic delivered a dovish surprise and kept rates steady at 7.0%; Japan reported firm June labor cash earnings and household spending; RBA released its Statement on Monetary Policy; India hiked rates 50 bp to 5.40% vs. 35 bp expected
  • Bank of England with UK flag, The historical building in London, UK
    August 04, 2022
    • Investor Services
    Fed officials continue to push back against the perceived pivot; U.S. yields have surged as a result; ISM reported firm services PMI readings for July; Brazil hiked rates 50 bp to 13.75%, as expected; Germany reported weak June factory orders; ECB tightening expectations remain depressed; BOE is expected to hike rates 50 bp to 1.75%; Czech Republic is expected to hike rates 25 bp to 7.25%; Australia reported firm June trade data
  • Illuminated staircase
    August 03, 2022
    • Investor Services
    As the investment landscape in Japan continues to evolve, BBH Relationship Manager Tomoko Kenny asks SMTAM's David Semaya how his firm is addressing three global themes and how Western asset managers can enter this market with the help of industry partners.
  • Facade on the Federal Reserve Building in Washington DC
    August 03, 2022
    • Investor Services
    As we expected, Fed officials are pushing back hard against the pivot theme; ISM July services PMI reading is the main event; Brazil is expected to hike rates 50 bp to 13.75%; data suggest the ECB has already activated its first line of defense against fragmentation; final eurozone and U.K. services and composite PMIs were reported; Turkey reported July CPI; Japan reported weak final July services and composite PMIs; New Zealand reported mixed Q2 jobs data; Caixin reported final China July services and composite PMI
  • ""
    August 02, 2022
    • Investor Services
    Fed speakers will be closely scrutinized this week; inflation expectations have risen after the perceived Fed pivot; July ISM manufacturing PMI was solid; German electricity prices are setting new record highs; ECB tightening expectations remain depressed; regional tensions remain high as U.S. House Speaker Pelosi visits Taiwan; reports suggest Japan will propose a record hike in the minimum wage; RBA hiked rates 50 bp to 1.85%, as expected; tightening expectations are adjusting accordingly after the pivot
  • ""
    August 01, 2022
    • Investor Services
    We think Fed officials will push back against the market’s dovish take on its decision; the U.S. rates market continues to price in gloom and doom; ISM reports July manufacturing PMI; eurozone final July manufacturing PMI readings were reported; Germany continues to weaken; Caixin reported soft China July manufacturing PMI; Hong Kong reported weak Q2 GDP data
  • ""
    July 31, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    July 31, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • US Dollar on financial screen
    July 29, 2022
    • Investor Services
    We got our first look at Q2 GDP and it wasn’t pretty; the GDP data means absolutely nothing with regards to Fed policy; June core PCE data will be important; July Chicago PMI will also be closely watched; July eurozone CPI readings came in very hot; Q2 eurozone GDP data came in stronger than expected; July Tokyo CPI was reported; BOJ board members remain worried about downside risks; given the long-standing monetary policy divergence, we can only explain the recent yen strength as a positioning washout; China reports official July PMI readings Saturday local time
  • ""
    July 28, 2022
    • Investor Services
    The two-day FOMC ended with a 75 bp hike to 2.50%; market expectations for Fed tightening are diverging; Powell was suitably hawkish during his press conference; and reiterated the Fed’s laser focus on inflation; we get our first look at Q2 GDP; it looks like some fiscal stimulus is coming in the U.S. after all; eurozone confidence continues to plunge in July; ECB officials are starting to acknowledge recession risks; July eurozone CPI readings will start to roll out; BOJ Deputy Governor Amamiya sees wage gains picking up next year; Australia reported soft June retail sales
  • Federal Reserve Cloudy Day
    July 27, 2022
    • Investor Services
    The Fed is widely expected to hike rates 75 bp to 2.50%; the press conference will be key; we think markets are setting themselves up for disappointment; the U.S. rates market continues to price in doom and gloom ahead of the FOMC decision; reports suggest Russia is likely to continue limiting natural gas shipments to Europe; markets are still repricing ECB tightening; German GfK consumer confidence was reported for August; the U.K. race for Tory leadership is sharpening up; Australia reported mixed Q2 CPI data
  • Spanish dictionary out of focus with area in focus by magnifying glass. Presbyopia. Older people
    July 26, 2022
    • Investor Services
    In September 2022, the final phase of the regulation on posting and collecting collateral as initial margin for OTC derivatives takes effect and will mainly impact the pension fund and traditional asset manager community. Derek Coyle discusses the scope of the sixth and final phase of the Uncleared Margin Rules (UMR).
  • Kansas City Previous Federal Reserve Building
    July 26, 2022
    • Investor Services
    The two-day FOMC starts today and the Fed is widely expected to hike rates 75 bp to 2.50%; June Chicago Fed NAI is concerning; Brazil reports mid-July IPCA inflation; Russia announced plans to cut gas flow through the Nord Stream pipeline; the eurozone was already weakening and now the threat of gas shortages has risen dramatically; Hungary is expected to hike the base rate 100 bp to 10.75%; Japan’s Cabinet Office raised its monthly economic assessment in for the first time in three months; the RBNZ is reviewing its monetary policy response to the pandemic
  • ""
    July 25, 2022
    • Investor Services
    U.S. rates are inching higher but continue to price in doom and gloom ahead of the FOMC meeting that begins tomorrow; June Chicago Fed NAI will be watched closely for further signs of recession; regional Fed manufacturing surveys for July will continue rolling out; ECB officials continue to send mixed messages; Germany remains the weak link in the eurozone; U.K. CBI released the results of its July industrial trends survey; new BOJ board member Takata said the economy still needs policy support; Singapore reported June CPI
  • ""
    July 24, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    July 24, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    July 22, 2022
    • Investor Services
    The U.S. rates market continues to price in doom and gloom; regional Fed manufacturing surveys for July have been mixed; Mexico reports mid-July CPI; the ECB delivered a hawkish surprise; it also announced the creation of the so-called Transmission Protection Instrument (TPI); market sentiment waned as Madame Lagarde conducted her press conference; Italian political uncertainty has risen; preliminary eurozone July PMI readings came in weak; U.K. data came in slightly firmer than expected; Russia delivered a dovish surprise; South Africa delivered a hawkish surprise; Japan reported June national CPI data; Japan and Australia reported weak preliminary July PMI readings
  • July 21, 2022
    • Investor Services
    Capital and macro markets continue to present market participants and policymakers with a complex and dynamic environment that requires their flexibility to adapt. BBH’s securities lending team provides a mid-year assessment and outlook for H2 2022.
  • Euro-Symbol Statue in Frankfurt
    July 21, 2022
    • Investor Services
    It’s all about the ECB today; regional Fed manufacturing surveys for July will continuing rolling out; the ECB is widely expected to hike rates 25 bp; Italian politics have entered a dangerous new phase; the U.K. political outlook has gotten some clarity but the next Tory leader will inherit a terrible situation; South Africa is expected to hike rates 50 bp to 5.25%; Turkey kept rates steady at 14.0%, as expected; the two-day BOJ meeting ended with a dovish hold; Indonesia kept rates steady at 3.5%, as expected
  • Aerial view of heavy truck on a narrow twisting road
    July 20, 2022
    • Investor Services
    Managers and distributors are increasingly obligated to engage investors on their ESG appetite. Adrian Whelan sets out the MiFID II Sustainability Preferences and other factors that firms should consider.
  • ""
    July 20, 2022
    • Investor Services
    The slope of the U.S. yield curve is getting more concerning; Canada highlight will be June CPI data; reports suggest the ECB may consider a 50 bp hike tomorrow; other reports suggest the ECB is struggling to reach a compromise on its new anti-crisis tool; we see four possible outcomes tomorrow; Italian politics remain in flux ahead of a planned confidence vote today; the U.K. political outlook continues to solidify; the two-day BOJ meeting began today
  • ""
    July 17, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    July 17, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Chess pieces on a digital board.
    July 11, 2022
    • Investor Services
    Nick King, Head of ETFs at Fidelity International, heeds the findings of the BBH ninth annual global ETF investor survey.
  • ""
    July 03, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    July 03, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • ""
    July 01, 2022
    • Investor Services
    U.S. yields remain depressed on recession fears; the U.S. yield curve is flattening but nowhere near inverting; ISM manufacturing PMI will be today’s data highlight; June eurozone CPI came in hot; yet ECB tightening expectations have softened; Japan reported June Tokyo CPI; Q2 Tankan survey was mixed; the Antipodean currencies remain under pressure; Caixin reported its June manufacturing PMI
  • U.S. Dollars and hourglass
    June 30, 2022
    • Investor Services
    Fed Chair Powell made some rare comments about the dollar; Chicago PMI will be today’s highlight; May core PCE will be closely watched; Colombia is expected to hike rates 150 bp to 7.5%; BOE Governor Bailey did sterling no favors; the Riksbank hiked rates 50 bp to 0.75%, as expected; Japan reported weak May IP and housing starts data; China reported strong official June PMI readings
  • Euro-Symbol Statue in Frankfurt
    June 29, 2022
    • Investor Services
    Fed officials remains hawkish; regional Fed manufacturing surveys for June were uniformly weak; reports suggest the internal debate about the ECB crisis tool continues; June eurozone CPI readings take center stage; Hungary delivered a hawkish surprise; Japan reported May retail sales and June consumer confidence; Australia reported strong May retail sales
  • Cricketers playing in a cricket match
    June 28, 2022
    • Investor Services
    The Network Forum Annual Meeting took place in person, for the first time since the pandemic, at London’s famous cricketing venue, The Oval, to assess new opportunities and risks and how to navigate seven major industry developments. Janet Du Chenne and Sinead McIntosh report.
  • ""
    June 28, 2022
    • Investor Services
    Fed tightening expectations have steadied but remain off the recent highs; regional Fed manufacturing surveys for June will wrap up; ECB President Lagarde affirmed plans to hike rates July 20; Brexit tensions are picking up; Hungary is expected to hike the base rate 50 bp to 6.40%; China cut the required quarantine times for international arrivals; PBOC Governor Yi pledged to maintain stimulus
  • ""
    June 27, 2022
    • Investor Services
    Fed tightening expectations have steadied but remain off the recent highs; most ECB speakers this week are centered around the ECB forum that begins tonight in Sintra; while the ECB has a single mandate of price stability, it has an unofficial second mandate of fighting so-called fragmentation; Brexit remains in the headlines; the summary of discussions from the June 16-17 BOJ meeting suggests there is no rush to remove accommodation
  • ""
    June 26, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    June 26, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Drone view at windpark westermeerdijk a windmill farm in the lake IJsselmeer the biggest in the Netherlands
    June 24, 2022
    • Investor Services
    Simo Liu sits down with Adrian Whelan to discuss three ESG themes including global taxonomies, corporate governance and point of sale rules.
  • US Dollar on financial screen
    June 24, 2022
    • Investor Services
    U.S. yields remain low as recession fears rise; the U.S. yield curve is flattening but nowhere near inverting; Fed Chair Powell broke no new ground in his testimony before the House; Mexico hiked rates 75 bp to 7.75%, as expected; June German IFO business climate came in soft; U.K. reported soft May retail sales; U.K. politics are heating up; Japan reported May national CPI readings
  • Glass jar with rolled-up euro bills
    June 23, 2022
    • Investor Services
    Fed Chair Powell finally acknowledged recession risks are building; Fed expectations are pretty much unchanged after Powell; yet U.S. yields are falling again as risk-off impulses build; Mexico is expected to hike rates 75 bp to 7.75%; eurozone reported weak preliminary June PMI readings; ECB tightening expectations have eased; Norway hiked rates 50 bp to 1.25%; Turkey kept rates steady at 14.0%, as expected; former head of FX policy at Japan’s Finance Ministry Takehiko Nakao said markets shouldn’t rule out unilateral intervention
  • ""
    June 22, 2022
    • Investor Services
    The recovery in U.S. yields has been halted by the return of risk-off impulses; Fed tightening expectations have fallen a bit; Powell delivers his semi-annual testimony before the Senate; Canada reports May CPI data; the ECB seems to be following a policy of strategic ambiguity regarding its planned crisis tool; Italy is back in the headlines due to rising political risks; U.K. reported May CPI data; South Africa reported May CPI; Czech National Bank is expected to hike rates 100 bp to 6.75%; the BOJ minutes are worth discussing;
  • ""
    June 21, 2022
    • Investor Services
    With recession fears rising, May Chicago Fed NAI takes center stage; housing data will remain in focus as weakness in that sector persists; Canada reports April retail sales; Brazil COPOM minutes will be released; ECB President Lagarde affirmed liftoff next month; Chief Economist Pill said the BOE is prepared to sacrifice growth in order to bring down inflation; RBA released the findings of its review of YCC; Korea reported trade data for the first 20 days of June
  • ""
    June 19, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    June 19, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Ten thousand Japanese Yen banknotes on wood table
    June 17, 2022
    • Investor Services
    U.S. yields are stabilizing; Fed tightening expectations remain elevated; the euro has recovered on reports that the ECB anti-crisis tool is starting to take shape; BOE Chief Economist Pill identified some triggers that would require more forceful action; BOJ kept all policy settings unchanged, as expected; stresses in the JGB market are rising
  • Bank of England with UK flag, The historical building in London, UK
    June 16, 2022
    • Investor Services
    The Fed hiked rates 75 bp, as expected; Fed tightening expectations have picked up significantly; U.S. yields have recovered; BOE hiked rates 25 bp to 1.25%, as expected; the ECB emergency meeting yielded nothing but disappointment; SNB surprised markets with a 50 bp hike to -0.25% and signaled a shift in its FX intervention policy; BOJ began its two-day meeting today and is expected to keep all policy settings unchanged when it ends tomorrow
  • Federal Reserve Cloudy Day
    June 15, 2022
    • Investor Services
    The two-day FOMC ends today with a rate hike; new macro forecasts and Dot Plots will be released; we also note that QT announced at the May 3-4 FOMC meeting starts today; May retail sales will be reported ahead of the FOMC decision; Brazil COPOM is expected to hike rates 50 bp to 13.25%; the euro is higher after the ECB announced an emergency meeting today in response to growing concerns about fragmentation; we are shocked that the ECB wasn’t better prepared for the fallout
  • Cropped image of an unrecognizable businessman pulling out his empty pocket
    June 13, 2022
    • Investor Services
    With the curtailment of trading in Belarusian, Russian and Ukrainian securities, fund liquidity is high on asset managers’ agendas. BBH’s Adrian Whelan addresses some of the key questions around use of side-pockets for UCITS funds.
  • ""
    June 13, 2022
    • Investor Services
    U.S. yields continue to rise; the rise in short-end U.S. yields reflects significantly higher Fed tightening expectations; portions of the U.S. yield curve have inverted again; monthly U.K. data dump started out very weak; Brexit remains in the headlines; we think the rising risks of fragmentation are a major factor behind subsequent euro weakness; BOJ bought JGBs to defend its Yield Curve Control target; China is reimposing some COVID restrictions as virus numbers rise
  • ""
    June 12, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
  • ""
    June 12, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • A photo of Nan Lian Garden in Hong Kong
    June 10, 2022
    • Investor Services
    A BBH-hosted webinar examined the key components influencing a successful UCITS distribution strategy in the Asia-Pacific region.
  • Glass jar with rolled-up euro bills
    June 10, 2022
    • Investor Services
    U.S. yields continue to rise; the rise in short-end U.S. yields reflects heightened Fed tightening expectations; May CPI data will be the main event; Canada highlight will be May jobs data; ECB kept rates steady but flagged a 25 bp hike in July; ECB tightening expectations have picked up; ECB simply did not seem overly concerned about the risks of rising peripheral yields; Brexit appears to be coming to a head once again; Japan officials have renewed their warnings about the weak yen
  • Businessman shaking hands together in corridor
    June 09, 2022
    • Investor Services
    At IMpower FundForum in Monaco, participants zoomed in on the democratization of private assets and the role of service partners, technology, and innovation in driving future growth.
  • Euro-Symbol Statue in Frankfurt
    June 09, 2022
    • Investor Services
    Rates are moving in favor of the dollar; the rise in short-end U.S. yields reflects heightened Fed tightening expectations; the ECB is widely expected to keep rates steady whilst setting the table for July liftoff; the ECB could announce some details of a new emergency bond-buying program; Japan reported solid May machine tool orders; the RBNZ laid out details for planned QT; China reported firm May trade data
  • Yen Coins and Bills
    June 08, 2022
    • Investor Services
    U.S. yields are moving higher; consumer credit continues to surge; reports suggest Michael Barr’s confirmation as Fed Vice Chair for supervision will be smooth sailing; reports suggest the U.K. is pressing ahead with plans to unilaterally rewrite parts of the Brexit accord; ECB tightening expectations have picked up ahead of tomorrow’s decision; Germany reported weak April IP; Japan reported final Q1 GDP data; India hiked rates 50 bp to 4.90%, as expected; Thailand delivered a hawkish hold
  • Dark stylish speedometer with needle moving to the year 2022
    June 07, 2022
    • Investor Services
    Post-pandemic concerns and the Russia-Ukraine conflict have not deterred investors from flooding into exchange-traded funds. At FundForum, BBH’s Antonette Kleiser shared highlights of our recent Global ETF Investor Survey.
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    June 07, 2022
    • Investor Services
    U.S. yields are moving higher; Chile is expected to hike rates from 8.25% currently; U.K. Prime Minister Johnson survived the no confidence vote; reports suggest ECB policymakers remain very concerned about peripheral spreads; Germany reported very weak data; Turkey President Erdogan is showing no inclination to let the central bank hike rates; Japan reported weak April household spending and cash earnings data; RBA delivered a hawkish surprise with a 50 bp hike to 0.85% vs. 25 bp expected
  • Houses of Parliament and Big Ben at sunset, London, UK
    June 06, 2022
    • Investor Services
    Data last week confirmed our view that concerns about a U.S. recession are overdone; U.S. yields are moving higher as a result; the Fed is likely to remain on its aggressive tightening path; U.K. Prime Minister Johnson will face a no confidence vote tonight; reports suggest the ECB will firm up plans for a new bond-buying program this week; the BOJ shows no signs of pivoting from its current ultra-loose policies
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    June 05, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    June 05, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
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    June 03, 2022
    • Investor Services
    Markets are marking time ahead of the U.S. jobs data; Fed Vice Chair Brainard remains hawkish; eurozone reported weak April retail sales; the ECB meets next week with an uncertain economic backdrop; Turkey reported May CPI and PPI data; Japan Prime Minister Kishida signaled steady policy ahead; incoming Australia Prime Minister Albanese is setting the table for higher wages; Korea reported May CPI
  • Silhouettes of Oil Pumps in Oil Field at Sunset
    June 02, 2022
    • Investor Services
    Data so far this week have helped dispel some of the U.S. recession fears; ADP private sector jobs data will be today’s data highlight; Bank of Canada hiked rates 50 bp to 1.50%, as expected; eurozone reported April PPI; the public ECB policy debate continues; Switzerland reported May CPI; Saudi Arabia is prepared to boost its oil output to make up for any sanctions-related loss from Russia
  • Aerial View Of Hong Kong-Zhuhai-Macao Bridge
    June 01, 2022
    • Investor Services
    Following the May 2022 announcement on product eligibility details of ETF Connect scheme, issuers can now plan product and distribution strategies for the burgeoning Greater China ETF market.
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    June 01, 2022
    • Investor Services
    U.S. yields continue to recover; May ISM manufacturing PMI will be today’s data highlight; the Fed releases its Beige Book report for the June 14-15 FOMC meeting; BOC is expected to hike rates 50 bp to 1.50%; Banco de Mexico releases its quarterly inflation report; ECB tightening expectations are rising; Germany reported weak April retail sales data; BOJ remains ultra-dovish;
  • Colorful stacked oil drums
    May 31, 2022
    • Investor Services
    U.S. yields are recovering as inflation concerns rise; Fed officials remain hawkish; ahead of the jobs report, important survey data will be reported; eurozone May CPI data continue to worsen; the public ECB policy debate is likely to continue; Japan reported mixed data; China reported firm official May PMI readings; oil prices are rallying after the EU reached a compromise to ban most Russian crude
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    May 29, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    May 29, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • U.S. $100 banknotes closeup.
    May 27, 2022
    • Investor Services
    U.S. rates markets are pricing in increasing odds of a U.S. recession; April core PCE will be the U.S. data highlight; the U.S. housing sector is softening and that's what rate hikes are supposed to do; Banco de Mexico minutes were hawkish; Chancellor Sunak bowed to pressure and announced an aid package for U.K. households; Japan reported softer May Tokyo CPI data
  • Close up image of gear stick
    • Investor Services
    Asset managers are facing increasingly rigorous regulatory scrutiny and fast paced technological change as they continue to grapple with market shifts. So when IMpower’s FundForum event called on senior industry leaders to share their collective experience and wisdom, they readily gathered to discuss the next phase of evolution. BBH's Janet Du Chenne reports on the main themes.
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    May 26, 2022
    • Investor Services
    U.S. yields continue to fall from the early May peaks; FOMC minutes are worth discussing; we disagree with the markets’ dovish take; the ECB signaled it is in no hurry to begin QT; it seems to be following the Fed’s old playbook, stretching out the sequential steps of tightening; China’s Premier Li Keqiang continues to sound the alarm about the slowing economy
  • tea plantations sunset
    • Investor Services
    2022 marks our fifth annual survey of ETF investors in Greater China where we highlight emerging trends in usage, selection, and demand for ETFs in the region.
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    May 25, 2022
    • Investor Services
    FOMC minutes will be released; flash May PMI and Richmond Fed readings were softer than expected; Brazil mid-May IPCA inflation came in higher than expected at 12.20% y/y; Deputy Governor Heath said Banxico may need to hike another 2-3 percentage points; the U.S. has likely to pushed Russia into default; the ECB sounded some warnings in its twice-yearly Financial Stability Review; more ECB officials are lining up behind President Lagarde
  • Euro-Symbol Statue in Frankfurt
    May 24, 2022
    • Investor Services
    U.S. yields have fallen sharply from the early May peaks; regional Fed manufacturing surveys will continue to roll out; Mexico reports mid-May CPI; Brazil reports mid-May IPCA inflation; reports suggest some ECB hawks were unhappy with President Lagarde’s forward guidance yesterday; Lagarde pushed back today; eurozone reported solid preliminary May PMI readings; U.K. reported weak preliminary May PMI readings; Russia eased key capital controls as the ruble continues to gain
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    Audio series

    May 23, 2022
    • Investor Services
    Partnerships between fund managers and third parties in the distribution ecosystem are on the rise. In this four-part audio series, Killian Lonergan shares his insights on the key trends and how to manage the complexities involved.
  • Glass jar with rolled-up euro bills
    May 23, 2022
    • Investor Services
    Short-term rates continue to move against the dollar; we continue to believe that U.S. recession fears are overblown; ECB President Lagarde is validating recent hawkish comments from her colleagues; Israel is expected to hike rates 25 bp to 0.60%; President Biden announced the creation of the Indo-Pacific Economic Framework; Biden also said he will review existing tariffs on Chinese imports;
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    May 22, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    May 22, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
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    May 20, 2022
    • Investor Services
    We believe much of this week’s price action was driven by a short squeeze for the foreign currencies; we note more observers are getting concerned about U.S. recession risks; regional Fed manufacturing surveys for May have so far been weak; U.K. reported better than expected April retail sales; U.K. GfK consumer confidence came in weaker than expected; BOE Chief Economist Pill sounded hawkish
  • US Dollar on financial screen
    May 19, 2022
    • Investor Services
    Fed officials remain hawkish; U.S. rates market is reflecting concerns about the economy; regional Fed manufacturing surveys for May will continue rolling out; ECB releases its account of the April meeting
  • Facade on the Federal Reserve Building in Washington DC
    May 18, 2022
    • Investor Services
    Chair Powell said the Fed will continue hiking until inflation comes down; Fed tightening expectations picked up a bit; April retail sales data support our view that the U.S. economic outlook remains solid; U.S. yields are moving higher in response to the strong data and hawkish Powell comments; Canada highlight will be April CPI data; U.K. reported April CPI data
  • Euro bills placed on EU Flag
    May 17, 2022
    • Investor Services
    April retail sales data will be the highlight; Fed tightening expectations remain steady; the euro is rallying on hawkish ECB comments; eurozone data came in slightly better than expected; reports suggest the U.K. will lay out its plans to unilaterally change the Brexit trade deal; U.K. reported firm labor market data
  • U.S. Dollars and hourglass
    May 16, 2022
    • Investor Services
    U.S. yields are edging higher as risk off sentiment ebbs; regional Fed manufacturing surveys for May will start rolling out; the EC cut its growth forecasts for the eurozone; BOE officials will take questions from the Treasury Select Committee; HKD continues to trade at the weak end of its trading band; China reported weak April IP and retail sales data; new BOK Governor Rhee said he cannot rule out a 50 bp rate move
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    May 15, 2022
    • Investor Services
    Here's a look at the main drivers in Developed Markets this week.
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    May 15, 2022
    • Investor Services
    Here's a look at the main drivers in Emerging Markets this week.
  • Upward trending line on green LED screen
    May 13, 2022
    • Investor Services
    Fed Chair Powell helped boost sentiment yesterday by downplaying risks of a 75 bp move; U.S. data calendar is light; the heavy slate of UST issuance ended on a strong note; Mexico hiked rates 50 bp to 7.0%, as expected, but hinted at larger moves ahead; reports suggest PM Minister Johnson has ordered his government to slash U.K. civil service jobs in order to offset possible tax cuts;
  • Benjamin Franklin's eye close-up from one hundred dollar bill
    May 12, 2022
    • Investor Services
    The Hong Kong dollar is trading at the weak end of its trading band, leading the HKMA to intervene today for the first time since early 2019. While we see no threat to the peg, ongoing weakness in the mainland China economy is likely to keep HKD weak for the foreseeable future. This in turn will put downward pressure on the Hong Kong economy.
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    May 12, 2022
    • Investor Services
    U.S. yields are lower as risk off sentiment takes hold; April U.S. PPI data now takes center stage; Fed officials remain hawkish; the heavy slate of UST issuance concludes; both Mexico and Peru are expected to hike rates 50 bp; more ECB officials are on board with July liftoff; yet ECB tightening expectations remain subdued; U.K. monthly data dump was weaker than expected