Viewpoints on Current Issues
Unhedged International Equity: Don’t judge a book by its cover
The Insight Pareto Team explains how currency movements can have a considerable impact on performance.
Rethinking Currency Risk Amid Renewed Dollar Strength
The Insight Pareto Team discusses how investors can view dollar strength as an opportunity to be exploited via a currency alpha strategy or a risk to be hedged.
Passive currency hedging summary
The Insight Pareto Team shares their belief that passive hedging offers an efficient and cost-effective solution for managing currency risk.
The Case for Currency in 2015
Paul Lambert and Carl Mastroianni from Insight Pareto share their thoughts on currency volatility.
Decoding Volatility Normalization Across Global Capital Markets
BNY Mellon Chief Strategist Jack Malvey and his team explain what the return of volatility may mean for investors.
Simon Cox on China’s “New Subnormal” Economic Growth
BNY Mellon Investment Strategist Cox explains what China can do to avoid becoming an economic underachiever.
Central Bank Foreign Exchange Reserve Accumulation Slows
BNY Mellon Chief Strategist Jack Malvey and his team explain why they believe the growth rate of foreign exchange reserves has peaked.
The Three Big Misconceptions About the Swiss Franc
BNY Mellon Investment Strategist Simon Cox debunks misconceptions related to the Swiss National Bank’s market-roiling decision to unpeg the franc from the euro.
Experts from across BNY Mellon Investment Management and its affiliates present a range of views on what to expect in major capital markets in 2015.
Oil Prices and the Economics of Extraction
Robin Wehbe of The Boston Company explains the factors that now drive oil prices.
Global Manufacturing: The End of China’s Golden Age?
The Boston Company's Derek Thieme looks at what a flight of manufacturing from China will have on the country’s economy and on multinational companies seeking to diversify their supply chain risk.
The Eurozone's Illness is Serious But Not Fatal
Meriten Chief Economist Holger Fahrinkrug explains what Europe’s troubles mean for the global economy.
The Clash of Three Global Market Views
Chief Global Markets Strategist Jack Malvey describes three world views affecting capital market perspectives.
China’s Hong Kong Challenge
BNY Mellon Senior Sovereign Analyst Aninda Mitra comments on the economic growth impact of protests in Hong Kong and the long-term challenges they present to China’s leaders.
Japan Still Has Arrows in its Quiver After Two Years of Abenomics
Why monetary stimulus and other ongoing reforms and will banish deflation and help revive Japan’s economy.
Standish Global Credit Mid-Year Review
Jake Gaul and David Morse review global credit market conditions and look ahead to the rest of 2014.
How Newton Makes Responsible Investing Part of Every Investment Decision
Sandra Carlisle explains the role environmental, social and governance factors play in Newton’s investment process.
All Quiet on the Currency Front, But For How Long?
Our currency experts present views on currency risk as monetary policies begin to diverge across economies.
Responsible Investing at BNY Mellon: Standish Sees Rising U.S. Investor Interest
Mike Faloon, Chief Operating Officer at Standish Mellon Asset Management, explains the responsible investing initiatives that are underway at Standish.
Has Europe Finally Turned the Corner?
Europe's crisis may have passed, but Standish’s Tom Higgins and Rebecca Braeu see more attractive opportunities elsewhere in the fixed income markets.
Sovereign Wealth Funds Face the Winds of Change
Rumi Masih, Head of Investment Strategy with BNY Mellon Investment Management’s Sovereign Institutions Group, explains common trends among sovereign institutions as they face a changing investment landscape and increased demand for spending on domestic needs.
Cooperation, Not Competition, Is the Road to Success
ISSG Senior Strategists Bob Jaeger and Ralph Goldsticker explain how investors can increase their chances of success by focusing more on their own unique circumstances and less on competing with others.
Beyond Banks: The Emerging Opportunity in European Direct Lending
Why the opportunities being created by banks’ partial withdrawal from lending may offer attractive potential returns.
2014 Global Market Outlook
When looking at the 2014 Global Market Outlook, one dominant theme crops up time and again. Politics. But amid the political uncertainty lies potential opportunity. This year will be a time for active investors to prove their worth to clients, to find pockets of value that might otherwise remain hidden.
Protecting Plan Beneficiaries From Sponsor Bankruptcy
BNY Mellon's ISSG discusses strategies for plan sponsors to consider for protecting beneficiaries from the risks of companies declaring bankruptcy.
A Renewed Emergence of Creative Destruction in Technology
The Boston Company's Core Research Technology Team argues how mobile devices, cloud computing and data analytics are creating new equity opportunities in the technology sector.
The Lords of Finance Rise Again: Central Bank Signals and the Outlook for Bond Yields
Newton's Paul Brain looks at bond investors' hyperfocus on central bank signals and the main factors that could drive bond yields higher over the next months.
Retirement Reset: Next-Generation DC Solutions with Non-Traditional Components
BNY Mellon's Retirement Group head Rob Capone shows the improved risk and return profile of DC solutions that increase allocations to emerging markets and liquid alternatives as well as inflation-hedging real assets.
A First Perspective: The Transformational Influence of "Big Data" on the 21st Century Global Financial System
BNY Mellon's Chief Global Markets Strategist Jack Malvey and team look at the potential impact of big data advances on markets and investing.
European Banking Changes Create New Opportunities for Direct Lending to Mid-Sized Companies
Alcentra describes new credit market entry points in Europe as banks pull back from lending to mid-sized businesses, creating a direct lending opportunity for institutional investors.
Lessons from the Financial Crisis Four Years On
Standish Chairman Emeritus Ted Ladd interviewed 40 large institutional investors to discover how their investment behavior has changed four years after the financial crisis.
The New Liquidity: Investment Implications of Structural Market Changes
BNY Mellon investment boutique traders look at regulation- and technology-driven structural changes to market liquidity in the U.S. and what they mean for institutional investors.
Global Reset: Rethinking Investment Approaches for Sovereign Institutions
BNY Mellon investment professionals discuss new investment models for sovereign institutions in a changing world with a senior sovereign fund advisor.
Potential Beneficiaries of a U.S. Manufacturing Renaissance
The Boston Company argues that changes over the past decade have made US manufacturing more globally competitive and that we may have reached a tipping point for a revival.
In Pursuit of the Emerging Markets Consumer
BNY Mellon ISSG senior strategists look at a new thematic approach to gaining equity exposure to emerging market consumers and caution that the sector looks potentially expensive.
The Power of Dividends: Global Equity Income Investing
Newton makes the case for equity income investing, arguing that global dividend yields are attractive at the moment relative to other sources of investing income.
Reconstructing Bond Investing to Align with New Global Debt Realities
Standish discusses a new World GDP Index they worked with Barclays to create, which better reflects the new global debt realities than issuance-weighted indexes.
A Perspective on Risk and Return in a Deleveraging World
Newton argues that we are in a historic environment of deleveraging and low interest rates, calling for an active and flexible investment approach with a focus on absolute return, income generation and unconstrained global investing.
Zen and the Art of Liquidity Maintenance
Likening the stock market to a high-performance car engine, the ISSG's Bob Jaeger argues that reliable liquidity comes from long-term investors with strong nerves to withstand price volatility rather than high-frequency traders with very short investment horizons.
Is Hedging the New Diversification?
ISSG Senior Investment Strategist Bob Jaeger discusses the differences between diversification and hedging, warning that investors sometimes underestimate the costs of hedging, while overestimating the protection provided.
Private Market Opportunities in Distressed Debt
Private equity specialists from Siguler Guff discuss historic opportunities in distressed debt, as the unwinding of the huge debt overhang in advanced economies is leading to pockets of forced selling at depressed valuations.
Real-Return Investing in a Volatile World
Amid heightened volatility, Newton argues real return strategies have greater flexibility and range than benchmark-constrained approaches to seek opportunities across asset classes and regions as conditions change.
Fixed Income Absolute Return Amid Sovereign Debt Uncertainty
Paul Brain, Newton's investment leader for fixed income, and Colm McDonagh, head of emerging market fixed income at Insight, discuss the potential benefits of fixed income absolute return approaches against the backdrop of low interest rates, heightened market volatility, and sovereign debt concerns.
Life in the Time of Debt: Opportunities and Risks in an Age of Global Rebalancing
Investment professionals from across BNY Mellon Asset Management's global boutiques share their independent perspectives on the future of markets and economies in a historic period of global deleveraging, rebalancing and resetting.
The Power of Dividends: Global Equity Income Investing
Amid modest return expectations for most major asset classes, James Harries of Newton discusses why investors are rediscovering the potential power of reinvested dividends as an important part of the pursuit of long-term total returns. Focusing on dividend yields, he says, can also be a useful barometer for identifying outperforming companies with efficient capital allocation and cash flow management.
Financial Regulation Altering the Cash Management Landscape
BNY Mellon Cash Investment Strategies looks at the potential supply and demand mismatch of shorter-maturity securities as new regulations require money market mutual funds to hold more highly liquid, short-term securities, while Basel III regulations encourage banks to focus on longer-term debt.