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Follow the asset managers and investment trends manager selectors are watching.
Top 10 Trends
Asset Allocation in a Recession depicted by blue brainstorm board with yellow stickers.

Positioning Portfolios In Recession

With Central Banks tilting policy trade-off towards inflation control, a recession in 2023 is almost inevitable. How are investor portfolios adjusting?
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Asset Allocation in a Recession depicted by blue brainstorm board with yellow stickers.

Positioning Portfolios In Recession

With Central Banks tilting policy trade-off towards inflation control, a recession in 2023 is almost inevitable. How are investor portfolios adjusting?
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Chinese equity research on RFPnetworks depicted by middle class Chinese tourists in Thailand.

China Re-opens, Investors React

China's re-opening has seen the A share markets bounce back fast. But this recovery is different, as are the risks.
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Chinese equity research on RFPnetworks depicted by middle class Chinese tourists in Thailand.

China Re-opens, Investors React

China's re-opening has seen the A share markets bounce back fast. But this recovery is different, as are the risks.
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Ruffer on RFPnetworks discussing multi asset investing depicted by line chart of equities.

A Hemingway moment for markets?

Corporate earnings remain extremely elevated, and a return to trend could see the gradual repricing of equity markets become rather more sudden.
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Ruffer on RFPnetworks discussing multi asset investing depicted by line chart of equities.
Ruffer LLP

A Hemingway moment for markets?

Corporate earnings remain extremely elevated, and a return to trend could see the gradual repricing of equity markets become rather more sudden.
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Passive versus active management on RFPnetworks depicted by identical twins in one hoody.

Portfolio Manager Alpha vs Beta

In the current market, the supply of alpha is abundant across asset classes, countries and sectors. In contrast, the end of free money may impact beta.
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Passive versus active management on RFPnetworks depicted by identical twins in one hoody.

Portfolio Manager Alpha vs Beta

In the current market, the supply of alpha is abundant across asset classes, countries and sectors. In contrast, the end of free money may impact beta.
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RFPnetworks researching Will Stock Bounce Back in 2023 depicted by cuddly toy bear having a rest on a park bench.

Will Stocks Bounce Back in 2023

Has the 2022 bear market ended? It is unclear even for most market forecasters. The spread of 2023 consensus earnings estimates is historically wide.
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RFPnetworks researching Will Stock Bounce Back in 2023 depicted by cuddly toy bear having a rest on a park bench.

Will Stocks Bounce Back in 2023

Has the 2022 bear market ended? It is unclear even for most market forecasters. The spread of 2023 consensus earnings estimates is historically wide.
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Ruffer on RFPnetworks discussing Is The Bear Market Ending depicted by graph showing price to sales ratios

The bull market in belief

Benjamin Graham, if he were alive today, or even an investor from 2019, might struggle to comprehend the bull market we witnessed in SPACs, crypto...
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Ruffer on RFPnetworks discussing Is The Bear Market Ending depicted by graph showing price to sales ratios
Ruffer LLP

The bull market in belief

Benjamin Graham, if he were alive today, or even an investor from 2019, might struggle to comprehend the bull market we witnessed in SPACs, crypto...
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RFPnetworks Impact Lula Brazil Markets depicted by colourful street mural.

Lula and Brazil's Markets

Markets are calm. Investors are happy. Who would have thought it was possible. To comeback and win the Presidency of Brazil with a margin of barely 2%.
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RFPnetworks Impact Lula Brazil Markets depicted by colourful street mural.

Lula and Brazil's Markets

Markets are calm. Investors are happy. Who would have thought it was possible. To comeback and win the Presidency of Brazil with a margin of barely 2%.
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RFPnetworks Global Financial Markets Outlook 3Q 2022 depicted by women wearing metaverse headset on neon background

Investment Manager Global Outlooks

It's that time of the year that global financial market outlooks fill our research feeds. Interestingly, in a bear market outlooks get read more.
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RFPnetworks Global Financial Markets Outlook 3Q 2022 depicted by women wearing metaverse headset on neon background

Investment Manager Global Outlooks

It's that time of the year that global financial market outlooks fill our research feeds. Interestingly, in a bear market outlooks get read more.
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RFPnetworks Economic Research on Liquidity depicted by dry river bed between mountains.

What Happens When Liquidity Dries Up

As liquidity in the financial system is removed, investors preserve cash to be proactive buyers from the inevitable forced sellers. But not all investors.
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RFPnetworks Economic Research on Liquidity depicted by dry river bed between mountains.

What Happens When Liquidity Dries Up

As liquidity in the financial system is removed, investors preserve cash to be proactive buyers from the inevitable forced sellers. But not all investors.
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Ruffer multi asset research on RFPnetworks depicted by hour glass drawing.

Investment Review by Jonathan Ruffer

We see danger ahead. Markets are still too high, and protection is expensive in an increasingly nervous world; common sense suggests one should...
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Ruffer multi asset research on RFPnetworks depicted by hour glass drawing.
Ruffer LLP

Investment Review by Jonathan Ruffer

We see danger ahead. Markets are still too high, and protection is expensive in an increasingly nervous world; common sense suggests one should...
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RFPnetworks Fed Guidance analysis depicted by random curves

Fed Guidance: Backwardisation or Contango

Fed Guidance has moved from being behind the curve, to springing off the curve. At least that is the view of many economists inside RFPnetworks.
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RFPnetworks Fed Guidance analysis depicted by random curves

Fed Guidance: Backwardisation or Contango

Fed Guidance has moved from being behind the curve, to springing off the curve. At least that is the view of many economists inside RFPnetworks.
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Capital Market Assumptions Research on RFPnetworks depicted by the words "My Opinion" on handwritten on chalkboard.

Capital Market Assumptions Have Changed

When Capital Market Assumptions change, investors are forced to re-evaluate their strategic asset allocation. Portfolios could change.
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Capital Market Assumptions Research on RFPnetworks depicted by the words "My Opinion" on handwritten on chalkboard.

Capital Market Assumptions Have Changed

When Capital Market Assumptions change, investors are forced to re-evaluate their strategic asset allocation. Portfolios could change.
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RFPnetworks-Inflation-Expectations-2022

Is Inflation Headed Higher or At Peak

Protecting portfolios from inflation is a key objective of every investor. Inflation protection is becoming even more critical as inflation heads higher.
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RFPnetworks-Inflation-Expectations-2022

Is Inflation Headed Higher or At Peak

Protecting portfolios from inflation is a key objective of every investor. Inflation protection is becoming even more critical as inflation heads higher.
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Jonathan Ruffer discusses Inflation on RFPnetworks

Investment Review by Jonathan Ruffer

Protecting portfolios from inflation is a key objective of every investor. Inflation protection is becoming even more critical as inflation heads higher.
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Jonathan Ruffer discusses Inflation on RFPnetworks
Ruffer LLP

Investment Review by Jonathan Ruffer

Protecting portfolios from inflation is a key objective of every investor. Inflation protection is becoming even more critical as inflation heads higher.
Read paper
ECB Transmission Protection Instument (TPI) research on RFPnetworks depicted by steel car shift stick on dark background.

The ECB Transmission Protection Instrument (TPI)

The ECB's new Transmission Protection Instrument (TPI) is still light on detail, but the objectives are clear.
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ECB Transmission Protection Instument (TPI) research on RFPnetworks depicted by steel car shift stick on dark background.

The ECB Transmission Protection Instrument (TPI)

The ECB's new Transmission Protection Instrument (TPI) is still light on detail, but the objectives are clear.
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Sotck Bond Correlation Research on RPFnetworks depicted by diverging lanes on highway

2022 Stock-Bond Correlation Is Different

Stock-Bond correlation in 2022 has broken the classic 60-40 assumption base. What happened and how should portfolios adjust?
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Sotck Bond Correlation Research on RPFnetworks depicted by diverging lanes on highway

2022 Stock-Bond Correlation Is Different

Stock-Bond correlation in 2022 has broken the classic 60-40 assumption base. What happened and how should portfolios adjust?
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stagflation and asset allocation research on RFPnetworks depicted by Stag at dusk in forest

Are We In Stagflation? Maybe

Definitions of stagflation vary. What is more interesting is causality and effect. But even the models fail to find consensus, which raises key questions.
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stagflation and asset allocation research on RFPnetworks depicted by Stag at dusk in forest

Are We In Stagflation? Maybe

Definitions of stagflation vary. What is more interesting is causality and effect. But even the models fail to find consensus, which raises key questions.
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Monetary Policy Research on RFPnetworks depicted by Central Banker thinking in corridor.

Biggest Problems of Monetary Policy

Central Banks may have finally moved into quantitative tightening, but there are aspects of inflation that monetary policy may not be able to solve.
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Monetary Policy Research on RFPnetworks depicted by Central Banker thinking in corridor.

Biggest Problems of Monetary Policy

Central Banks may have finally moved into quantitative tightening, but there are aspects of inflation that monetary policy may not be able to solve.
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Economics Research on soft landings on RFPnetworks depicted my man on trampoline smiling

Recession vs. Soft Landings

Economic policy priorities are at a cross-road between price stability and recession. How central banks will manage these priorities is on investors radar.
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Economics Research on soft landings on RFPnetworks depicted my man on trampoline smiling

Recession vs. Soft Landings

Economic policy priorities are at a cross-road between price stability and recession. How central banks will manage these priorities is on investors radar.
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Transient Inflation research on RFPnetworks depicted by a mirage of water in the desert

What If Inflation Is Transient After All

To understand whether Inflation is transient, investors are looking deeper into the numbers. Inflation may be more transient than they realised.
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Transient Inflation research on RFPnetworks depicted by a mirage of water in the desert

What If Inflation Is Transient After All

To understand whether Inflation is transient, investors are looking deeper into the numbers. Inflation may be more transient than they realised.
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Capital market assumptions research on RFPnetworks depicted by horse race

Comparing Capital Market Assumptions

Capital Market Assumptions are a core input into investment plans. But they do change and right now, those changes are impacting investors globally.
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Capital market assumptions research on RFPnetworks depicted by horse race

Comparing Capital Market Assumptions

Capital Market Assumptions are a core input into investment plans. But they do change and right now, those changes are impacting investors globally.
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China Economic research on RFPnetworks depicted by person wearing toy Panda Head sitting in front of luxury card.

Is 5% Growth Possible in China

China GDP growth targets almost always get met. But this year, there are lots of headwinds that may prevent the just-in-time numbers that investors hope.
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China Economic research on RFPnetworks depicted by person wearing toy Panda Head sitting in front of luxury card.

Is 5% Growth Possible in China

China GDP growth targets almost always get met. But this year, there are lots of headwinds that may prevent the just-in-time numbers that investors hope.
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Net Zero Multi Asset Portfolio research on RFPnetworks depicted by basketball hoop with net missing

Net Zero in Multi Asset Portfolios

Building a Net Zero multi asset portfolio requires the right targets and milestones for all underlying asset classes. But what are the right benchmarks?
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Net Zero Multi Asset Portfolio research on RFPnetworks depicted by basketball hoop with net missing

Net Zero in Multi Asset Portfolios

Building a Net Zero multi asset portfolio requires the right targets and milestones for all underlying asset classes. But what are the right benchmarks?
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Central Bank Economic Research on RFPnetworks depicted by two Asian men on crossing walking in different directions.

Central Bank Policy Diverges

Central Banks in emerging and developed markets are prioritising different targets. Relative value investment opportunities are now everywhere.
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Central Bank Economic Research on RFPnetworks depicted by two Asian men on crossing walking in different directions.

Central Bank Policy Diverges

Central Banks in emerging and developed markets are prioritising different targets. Relative value investment opportunities are now everywhere.
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Fed Behind The Curve research on RFPnetworks depicted by walkers in desert looking towards a big climb

The FED Behind The Curve

Only the FED seems to believe that it is not behind the curve. But the latest macroeconomic statistics suggest they should raise rates faster.
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Fed Behind The Curve research on RFPnetworks depicted by walkers in desert looking towards a big climb

The FED Behind The Curve

Only the FED seems to believe that it is not behind the curve. But the latest macroeconomic statistics suggest they should raise rates faster.
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China Economic Research on RFPnetworks depicted by tiger

Markets In The Year Of The Tiger

China is overdue an economic boost. Whilst the setbacks from the real estate sector are still evident, the PBOC and the Government may be preparing a boost
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China Economic Research on RFPnetworks depicted by tiger

Markets In The Year Of The Tiger

China is overdue an economic boost. Whilst the setbacks from the real estate sector are still evident, the PBOC and the Government may be preparing a boost
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Economic Research on RFPnetworks depicted by entrance to Bank of England

Central Bank Reactions

Central Banks are starting to accept that they need to take more action given the latest macroeconomic statistics.
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Economic Research on RFPnetworks depicted by entrance to Bank of England

Central Bank Reactions

Central Banks are starting to accept that they need to take more action given the latest macroeconomic statistics.
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Economic Research on RFPnetworks depicted by a knot tightening

Quantitative Tightening & Asset Allocation

As quantitative tightening begins investors are re-thinking their asset allocation. In a rising rate environment, portfolios may change significantly.
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Economic Research on RFPnetworks depicted by a knot tightening

Quantitative Tightening & Asset Allocation

As quantitative tightening begins investors are re-thinking their asset allocation. In a rising rate environment, portfolios may change significantly.
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Economic Research on RFPnetworks depicted by tarot card reading

Economic Forecasting. What Works. What Doesn't?

Economic forecasting is rooted in assumptions. Sometimes they hold true. But is that the case for interpreting 2 and 10 year spreads today.
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Economic Research on RFPnetworks depicted by tarot card reading

Economic Forecasting. What Works. What Doesn't?

Economic forecasting is rooted in assumptions. Sometimes they hold true. But is that the case for interpreting 2 and 10 year spreads today.
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Central Bank Economic Research on RFPnetworks depicted by tangled knitting

An Inevitable Monetary Policy Mistake

Are Central Banks playing politics with monetary policy. Many independent economists argue that interest rate rises are coming too late.
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Central Bank Economic Research on RFPnetworks depicted by tangled knitting

An Inevitable Monetary Policy Mistake

Are Central Banks playing politics with monetary policy. Many independent economists argue that interest rate rises are coming too late.
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Economic research on RFPnetworks depicted by concrete building in Russia

Short & Long-Term Effects of Sanctions on Russia

Is Russia actually suffering from sanctions? Does economic isolation matter for such a large economy? Will the long-term implications be irreversible?
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Economic research on RFPnetworks depicted by concrete building in Russia

Short & Long-Term Effects of Sanctions on Russia

Is Russia actually suffering from sanctions? Does economic isolation matter for such a large economy? Will the long-term implications be irreversible?
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Chinese Economic Research on RFPnetworks depicted by dart missing target on dartboard.

Are China's Growth Targets Achievable

China's growth targets are facing headwinds that are impacting both Chinese equity, credit and real estate investors. Lockdowns are not helping markets.
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Chinese Economic Research on RFPnetworks depicted by dart missing target on dartboard.

Are China's Growth Targets Achievable

China's growth targets are facing headwinds that are impacting both Chinese equity, credit and real estate investors. Lockdowns are not helping markets.
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Inflation research on RFPnetworks depicted by snow capped mountain peak surrounded by blue sky.

Peak Inflation in Europe

The latest European inflation statistics suggests the economy has moved beyond the transitory and permanent inflation argument to stagflation.
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Inflation research on RFPnetworks depicted by snow capped mountain peak surrounded by blue sky.

Peak Inflation in Europe

The latest European inflation statistics suggests the economy has moved beyond the transitory and permanent inflation argument to stagflation.
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