KLDW News and Press, Knowledge Leaders Developed World From 10/08/21

Global equities rose through most of the third quarter but gave up most of their gains in a volatile September. As the forces driving stock returns rapidly change in our COVID-scarred world, we believe active managers can help investors effectively navigate the recovery’s uncer...

Risk-adjusted performance continued to rise in September for the Global Market Index (GMI), an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash). GMI’s 0.97 Sharpe ratio is close to the highest levels reached in recent history. ...

The selloff across global developed market government bonds over the past two weeks is prompting many to dust off the old inflation playbooks. China is no longer exporting disinflation to the rest of the world. Many businesses have contracts that allow them to pass rising costs do...

Global Market Index is useful as a starting point for research on asset allocation and portfolio design. Predictions for the market components are subject to greater uncertainty compared with aggregating forecasts, a process that may cancel out some of the errors through time. Com...

Global Private Equity is in the lead, up 19.7% after its 2020 gain of 12.5%. Emerging Markets are the laggard with a YTD gain of just 1.5%. Commodities have come on strong this year after losing -7.8% last year. US REITs have rebounded strongly from last year's -4.7% decline. High...

Global markets suffered their broadest retreat in a year during September. The bullish exception: commodities, which delivered a solid gain last month. Notably, US stocks and bonds lost ground, giving support to concerns that the historical diversification benefits of pairing the two ...

All signs point towards an imminent withdrawal of central bank stimulus, globally. Meanwhile, the U.S. economy is headed for one of the largest fiscal cliffs ever. Global growth is slowing even before massive stimulus withdrawal. For further details see: Prepare For Turb...

To date, 2021 has been as almost good as it gets for equity investors. Any slowdown in growth has yet to feed into consensus earnings forecasts which have continued to increase over the summer. Investors have few high-yielding alternatives for as long as real and nominal bond yiel...

Emerging market manufacturing slips into contraction for the first time since June 2020. Supply constraints and price pressures affecting developed markets to a greater extent. Risk of capital outflows for emerging markets with divergence in growth momentum from developed markets....

Risk-adjusted performance continued to rise in August for the Global Market Index. Sharpe ratios in global markets generally are elevated. GMI represents a theoretical benchmark for the “optimal” portfolio. For further details see: Major Asset Classes | Aug...