Non-US banks in developed markets (“EAFE banks”) have quietly emerged as the top-outperforming segments in global equity markets over the past three years (through Q1 2025). This paper explores the fundamental development of EAFE banks over the past decade, dissecting by European and Japanese entities.
Nations whose currencies serve as global reserve currencies enjoy unique benefits but also face structural challenges.
As we enter the second quarter of 2025, there is much to consider for fixed income markets and the broader economy.
The opening quarter of 2025 was a roller coaster ride for investors, beginning with optimism but ending with considerable turmoil.
America – or at least the Trump Administration – and Europe are clearly seeing the world differently these days.
This piece is the third in a three-part series on the issues that led to 2024’s anti-incumbent party backlash. Here, we evaluate the trade and other fiscal proposals put forward by the incoming Trump administration, as well as their investment implications.
