Our investment framework is constantly adapting to the challenges of change

The banking sector is an integral part of the U.S. small-cap investment universe

Mainstream indices are a poor reference point for investors in China

For a long time, it has made no sense to keep money under your mattress or invested in cash-like instruments (short dated, fixed return) such as money market funds, without facing an inflation-adjusted loss.

Near-term tailwinds could favor international markets

Uncertainty persists, but yield is back and fundamentals matter

Four key factors set to shape the outlook for digital advertising.

Headwinds diminishing and valuations now more attractive

Adjusting to an uncertain future

The succession of two major crises (the Covid-19 pandemic and then Russia's war against Ukraine) could lead to major and lasting changes to the world order. In today’s Focus, we review 10 potential macroeconomic and financial trends which could shape the next decade.