Modern Monetary Theory (MMT) says countries that spend, tax and borrow in their own currency shouldn’t worry about government deficits because they can print as much money as they need.

Whether owned directly, or through securities, property has provided an attractive combination of current income, capital appreciation and returns that are not closely correlated with stocks and bonds. 

The growing number of investors gravitating to alternative investments and private markets recognise that one reason they may obtain higher returns is they have accepted reduced liquidity.

Just how will emerging markets bounce back as the world emerges from Covid? This is one of the key questions exercising the minds of CIOs and senior strategists who I have spoken to as part of research for the European Pensions Symposium/European Investment Roundtable.

When I speak with the asset owner advisory board for the upcoming European Pensions/European Investment Roundtable, I never suggest we debate value versus growth. And yet, it often rears its head, as a key debate within institutions.

Written by Alex Beveridge

The last big crisis - which I had a ring-side seat for back in 2008 - slammed the breaks on ESG investing. So I am happy to report that this crisis has only increased its relevance. 

Written by Alex Beveridge

Immense government budget deficits. Low interest rates and remarkably accommodating monetary policy. Sounds like a surefire setting for inflation. Or maybe not....

Written by Alex Beveridge

Geopolitical tensions, macroeconomic instability, ESG and scarcity of return are some of the big picture challenges currently occupying the minds of Europe’s institutional asset owners. But, what are these allocators doing on a practical level to meet these challenges?

Written by Alex Beveridge

Even though I have been a fan of ETFs for a long time, I have to admit I was slightly startled when the good people at ETFGI revealed assets invested in ETFs and ETPs have now topped $5.32 trillion. It shouldn’t have been much of a surprise, given the versatility of the instruments, however - it does feel like this number has snuck up on us. Anyway, happy 39th anniversary ETFs! Let’s hope life really does begin at 40 for you.