Commentary

GMO 7-Year Asset Class Forecast: January 2024

GMO has published a new 7-Year Asset Class Forecast.

Commentary

A Structural Alpha Opportunity

Ratings are an important organizing principle in credit markets, often relied upon as a summary metric of default risk. While they offer a broad categorization, investors in credit markets must rely on much deeper analysis to measure and price the actual default risks involved.

Commentary

Magnificently Concentrated

Your active managers are more competent than they look.

Webinar

LiveCast: Quality: An Essential Ingredient to a Healthy Portfolio

Quality companies have long-term, durable business models and capital discipline, with proven track records. A strategy built around Quality that also considers valuation can mitigate risk and enhance returns.

Join the experts at GMO for a look at their robust Quality strategy that leverages four decades of Quality investing experience, blending quantitative discipline and fundamental analysis.

Commentary

Emerging Local Debt

In this piece we compare two ways to take advantage of the USD’s richness versus emerging market currencies: EM equities and EM local currency debt. We believe that for relative value, diversification, and potential alpha reasons, EM local currency debt deserves a prominent place in portfolios today.

Commentary

The Four 4s Behind the Compelling Opportunity in Japan Equities

Enthusiasm for Japanese equities picked up in 2023 as evidenced by the 28% rally in the
TOPIX (local) index through November.

Commentary

GMO 7-Year Asset Class Forecast: November 2023

GMO has published a new 7-Year Asset Class Forecast

Commentary

The Quality Anomaly

As GMO launches its first ETF, it seemed like a good time to share my thoughts on the market inefficiency that the strategy seeks to exploit ­– the quality anomaly.

Webinar

A Quality Strategy to Meet the Moment

Investing in high-quality businesses that generate high and durable profits has added value through various market environments. Quality firms have capital discipline and are thinking long term, providing steady and robust returns. Today, with uncertainty high, Quality investments can mitigate risk and protect capital.

Join the experts at GMO and VettaFi for a webcast that digs into the benefits of Quality and outlines a strategy that seeks to invest in companies with a track record of success at attractive valuations.

Commentary

Quality: The Real McCoy

While equity styles go in and out of favor, quality companies continue to serve clients as a core holding, resilient to economic headwinds and market drawdowns. For long-term investors searching for a durable equity solution, we believe quality is “the real McCoy"

Commentary

GMO 7-Year Asset Class Forecast: October 2023

GMO has published a new 7-Year Asset Class Forecast

Commentary

Valuation Metrics in Emerging Debt: 3Q23

Our emerging market debt valuation metrics across all but the U.S. interest rate dimension remain unambiguously attractive. In our Quarterly Valuation Update, we provide our Q3 assessment.

Commentary

Japan: The Land of the Rising Profits

Japanese profits have benefited from the prolonged deleveraging of Japan Inc. The reduction in debt coupled with exceptionally low interest rates has allowed cash flow to impact the bottom line.

Commentary

GMO 7-Year Asset Class Forecast: 3Q 2023

GMO has published a new 7-Year Asset Class Forecast

Commentary

Japan Equities are Compelling...But More Than 80% of Active Managers Are Underweight

Investors have been underweight Japan for decades, but conditions on the ground have changed meaningfully. Amid improving fundamentals and governance reforms, we believe it’s time to close the gap and take advantage of the attractive opportunity among small-to-mid cap Japanese companies.