Commentary

AAA CMBS: Loss-remote, Liquid, And Cheaper Than IG

Fixed income spreads have widened across sectors over the past few months.

Commentary

Echoes Of '08? Don't Bank On It

The GMO Focused Equity team has evaluated banks in the context of our Quality Strategy for 20 years, using both quantitative and fundamental analysis to invest in high-quality banks with healthy financials and in our opinion responsible management practices.

Commentary

GMO 7-year Asset Class Forecast: February 2023

GMO 7-year Asset Class Forecast: February 2023

Commentary

The Many Faces of Sovereign Default

In recent years we have witnessed a surge in sovereign bond defaults in emerging markets.

Commentary

GMO 7-year Asset Class Forecast: January 2023

GMO 7-year Asset Class Forecast: January 2023.

Commentary

What is Value? Methodology Matters

After a bruising 2022 for equities globally, Value stocks in the U.S. have become attractive in an absolute sense and worthy of inclusion in one’s portfolio.

Commentary

Valuation Metrics In Emerging Debt: 4Q 2022

Valuation metrics across all but the U.S. interest rate dimension remain unambiguously attractive.

Commentary

4Q 2022 GMO Quarterly Letter

2022 was a painful year in financial markets with almost all traditional assets delivering significant losses.

Commentary

After a Timeout, Back to the Meat Grinder!

The first and easiest leg of the bursting of the bubble we called for a year ago is complete.

Commentary

GMO 7-Year Asset Class Forecast: 4Q 2022

GMO 7-year asset class forecast: 4Q 2022.

Commentary

Memo To The Investment Committee: A Hidden Gem

Deep value offers a compelling opportunity within U.S. equities.

Commentary

GMO 7-year Asset Class Forecast: November 2022

GMO 7-year asset class forecast: November 2022,

Commentary

The U.S. Superbubble

The U.S. Superbubble, as Jeremy Grantham has termed it, featured the most dangerous mix of factors in modern times at the end of last year: all three major asset classes – housing, stocks, and bonds – were critically historically overvalued.

Commentary

Opportunities In Today’s Environment

As the super-growth cycle is ending in dramatic fashion, we are already seeing some of the most attractive valuation opportunities in years.

Commentary

EM Corporate Debt ESG Integration

An alpha-oriented approach.