Insights
Showing 179 results
Macro & Market Some Good News is Bad News
Chief Economist Vincent Reinhart discusses fiscal policy, incoming data, and the Mellon forecast.
Manager Insights Can Bonds Still Hedge Equity Exposure?
During US equity drawdowns, long US Treasuries have served as an efficient and effective hedge.
Fed Thoughts Jay Powell the All Powerful
Chief Economist Vincent Reinhart describes the Fed’s follow-up to the Jackson Hole Symposium.
Fed Thoughts Bringing Tablets from the Mountaintop
Chief Economist Vincent Reinhart describes the Fed’s strategy as asymmetric, ambiguous, and fit to the moment.
Double Take podcast Episode 11: Trump, Biden, and Municipal Bonds
We examine the historical economics of presidential elections and how this year’s outcome might impact municipal bond portfolios.
Manager Insights Election Matters
Chief Economist Vincent Reinhart discusses the potential implications of the 2020 election.
Manager Insights A Balancing Act
How did the whipsawing market volatility impact index managers? We explore the challenges and critical considerations.
Fed Thoughts Notes on the Fed
Chief Economist Vincent Reinhart reviews changes to the Fed’s longer-term strategy.
Manager Insights The New Kid in Town
Tesla’s inclusion in the S&P 500® Index could be imminent. Our experts review the implications for index managers.
Manager Insights Evaluating Our EMD Expectations
The JPMorgan EMBI Global Diversified Index makes a comeback after experiencing losses in March, validating our previous expectations.
Macro & Market Cold War 2.0: Geopolitics & Markets
What are the prospects for US-China relations?
Macro & Market Organizational Resilience After COVID-19
Mellon showcases Deloitte's deep expertise around organizational resilience and explores the long-lasting impacts of COVID-19.
Manager Insights Greatly Exaggerated
Concerns abound surrounding increased net issuance of sovereign USD-denominated bonds in emerging markets, but we believe they are overstated.
Macro & Market Global Macro Views
The Global Macro Forum offers its outlook for developed and emerging economies.
Double Take podcast Millennials by the Numbers
Demographic data is painting a richer picture of millennials; what are the investment implications in this post-pandemic world?
Manager Insights Revisiting Our Case for Homebuilders
Senior research analyst Nick Cohn revisits our 2019 housing stance amidst a global pandemic and a year of additional data.
Manager Insights Circular Economy: The Rise of Resale
Discover how evolving consumer habits are redefining the apparel and luxury market and driving environmental change.
COVID-19 Fighting COVID-19 with Gene Technology
Discover how innovations in gene technology are helping us combat the COVID-19 virus.
Manager Insights The Intelligent Consumer: Future of Retail
Our retail reality is changing. Explore how the physical retail experience will be drastically different in the future.
Manager Insights Meet the Manager: Rob Croce
Rob Croce, Head of Risk Parity & Liquid Alts, talks about formative experiences, data-driven investing and embracing challenges.
Manager Insights The Fed and Negative Rates
Why is the Federal Reserve negative on negative interest rates? We explore the rationale on both sides of the argument.
Manager Insights Reducing Food Waste
Explore how the Circular Economy trend could help transform the food and beverage industry.
Macro & Market Quarterly Economic Outlook
A quarterly update replay on economics and financial markets.
Manager Insights ESG Investigative Research
What happens when we apply the investigative journalist approach to sustainability research itself?
Manager Insights Evaluating a Stable Value Investment Option Part I
Strengthen your approach to assessing stable value vehicles.
Manager Insights Risk Parity Makes Sense Now
We believe bonds can provide significant diversification benefits in risk parity even at low yields.
Double Take podcast The G in ESG
We examine the growing emphasis on ESG considerations in fundamental analysis and how investor governance mandates change companies.
Manager Insights The Party is Just Getting Started
In our view, current dynamics indicate that good cheer is building around fallen angels.
Manager Insights Which Way Next for EM Local Currency Debt?
Explore how local currency denominated debt markets can offer flexibility and protection from wider market swings.
COVID-19 Mellon’s Commitment to Community
We discuss Mellon’s response to the pandemic and why rigorous CSR practices are more crucial than ever.
Manager Insights Building the Future of Blockchain
Discover how the blockchain platform is linking businesses and governments with transformational benefits.
Manager Insights Talking Trash
We discuss the impact of the supply-demand imbalance in the waste industry and where we see potential opportunities.
Manager Insights Are My Dividends Safe?
Explore how the power of dividend reinvestment remains an important source of value creation.
Double Take podcast Black and Green Swans
The current crisis may present an avenue for a more resilient era. Explore why we may never return to the status quo.
Fed Thoughts What Color is the Fed’s Parachute?
Chief Economist Vincent Reinhart discusses the Fed’s messaging and its appetite for more unconventional stimulus.
Manager Insights Connected Health at a Distance
Pulse oximeters allow patients to breathe easy while being monitored from home.
Manager Insights Municipal Credit and the Pandemic
We believe an active security selection approach, coupled with a high-quality bias, will help municipal credit investors face the challenges ahead.
Manager Insights Fallen Angels: No Time Like the Present
2020 is likely to be an auspicious entry point for a fallen angels allocation.
Manager Insights The Era of Intelligent Connectivity
Explore how the building blocks of Intelligent Connectivity are marching toward a once-in-a-generation event.
Manager Insights Emerging Opportunities in EMD
Current market conditions present exciting opportunities in Emerging Markets Debt.
Double Take podcast Consumer Behavior in the Time of COVID-19
We examine how the solitude of COVID-19 is impacting both social and consumer behavior.
Manager Insights Commitment to Community
We explore how the recent pandemic is highlighting the need for robust corporate social responsibility (CSR) practices across industries.
Manager Insights The Value Factor is a Recipe for Small Returns
We unpack the value phenomenon and how the academic research is being misapplied.
Macro & Market Fallen Angels: The Asset Class of 2020
Our multi-factor high yield credit team addresses the opportunity in fallen angel bonds.
Macro & Market Global Macro Views
The Global Macro Forum offers its outlook for developed and emerging economies.
Double Take podcast Geopolitics in the Age of Pandemic
We discuss how the COVID-19 pandemic is reshaping the geopolitical landscape as we know it.
Manager Insights An Electric Revolution
Electric vehicles may revolutionize the mobility landscape as consumers seek sustainable options and governments increase regulations.
Manager Insights The Economics of Sharing
A rapidly changing landscape continues to pressure the ridesharing industry. We discuss the challenges the industry is facing, as well as potential opportunities ahead.
Manager Insights Connected Health in Treatment
Familiar technologies could be repurposed to treat and monitor COVID-19—learn about these innovative solutions.
Manager Insights The Evolution of Autonomy
Fully autonomous vehicles are quickly becoming a reality. We examine the driving forces behind this movement.
Double Take podcast COVID-19: Changing Dynamics
We explore how COVID-19 is reshaping supply chain dynamics, particularly within the healthcare economy.
Macro & Market Quarterly Economic Outlook April 2020
A quarterly update replay on economics and financial markets.
Manager Insights Connected Health in Action
Demand for telemedicine is accelerating with the advent of COVID-19—explore why this could be a long-term trend.
Manager Insights The Near-Term Fiscal Outlook
Chief Economist Vincent Reinhart describes the key provisions of the 2020 CARES Act.
Double Take podcast Episode 4: COVID-19
In this special edition of Double Take, our biotech, trading, and macro experts share how COVID-19 is shaping this brave new world.
Manager Insights Mellon Mobility Innovation: Let’s Get Connected
We explore trends and growing investment opportunities within the connectivity segment of the mobility industry.
Manager Insights The Cutting Edge: Gene Editing
Explore how gene editing is applied and where it could lead the future of healthcare.
Manager Insights 2019 Mellon Proxy Voting Report
Mellon’s proxy voting decisions seek the best long-term economic outcome for all stakeholders.
Macro & Market A Russian Doll of Risks
Chief Economist Vincent Reinhart considers the layers of risk embedded in his macro outlook.
Macro & Market Coronavirus: Tracking Market Implications of a Pandemic
Mellon’s chief economist, head of trading and CIOs discuss the economic and market impacts from the coronavirus.
Macro & Market Characterizing the Unknown
Early insights on COVID-19, measures being taken to understand the disease, and a path forward.
Macro & Market What Just Happened? Fed Cuts Rates
Chief Economist Vincent Reinhart unpacks the consequences of the Fed’s about-face.
Manager Insights An Efficient Beta Approach to Emerging Market Debt Local Currency
A growing asset class that can deliver high yield and potentially attractive total returns.
Macro & Market Notes on a Pandemic
Chief Economist Vincent Reinhart discusses consequences for global activity as COVID-19 spreads.
Market Observations Years of Living Dangerously
Chief Economist Vincent Reinhart offers his 2020 macro outlook and current investment map.
Manager Insights Hidden in Plain Sight
The search for alpha is elusive, but we see a path to excess returns.
Double Take podcast Episode 3: Gene Therapy: Cures, Risks and Opportunities
Discover what happens to health care investing and financing when curative genes are delivered to patients.
Macro & Market Coronavirus: Science & Economics
We cut through the noise to assess the coronavirus in terms of its science and economic impact.
Manager Insights The Three Pillars of Better Strategic Portfolios
Risk parity seeks to maximize diversification within asset classes, across asset classes and across time.
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Fed Thoughts Silence in the Mountains
Chief Economist Vincent Reinhart examines the Fed’s outlook for 2020.
Double Take podcast Episode 2: 5G: Big Change Is In the Air
We examine the far-reaching implications of the advent of 5G on both consumers and corporations.
Macro & Market Mellon Webex Series: Quarterly Economic Outlook January 2020
A quarterly update replay on economics and financial markets.
Macro & Market A Conservative Party Win in the General Election
The Conservative Party’s general election win may spell certainty for Brexit but it also raises questions.
Fed Thoughts He Who Must Not Be Named
Chief Economist Vincent Reinhart discusses the source of the Fed’s communication confusion.
Double Take podcast Episode 1: The New China Trade Reality
Deal or no deal, what may have irreversibly changed in the US/China trade relationship.
Manager Insights Changing Business Models: Durability and Reimbursement
Amanda Birdsey-Benson, Senior Research Analyst at Mellon, discusses the benefits and challenges of gene therapy, specifically as they relate to costs.
Manager Insights Rainy Day Reserves
We explain the impact of the global financial crisis on rainy day reserve funds and why one size doesn’t fit all.
Manager Insights Liquidity Realized
Credit portfolio trading is an established trading protocol that has resulted in significant cost savings.
Fed Thoughts Back to the Drawing Board
Chief Economist Vincent Reinhart offers a blueprint for long-term management of the Fed’s balance sheet.
Market Observations The Right Stuff?
Chief Economist Vincent Reinhart considers the downstream effects of US-China trade policy on the macro outlook.
Macro & Market Mellon Webex Series: Quarterly Economic Outlook October 2019
A quarterly update replay on economics and financial markets.
Macro & Market Artful Plumbing: A Leak in the Repo Market
We explain the mid-month overnight repo rate spike and why downstream impacts should be limited.
Fed Thoughts An Apt Place and an Awkward Time
Chief Economist Vincent Reinhart considers the Fed’s likely path for the rest of 2019.
Manager Insights Still Climbing: The Case for Homebuilders
Housing demand could be set to boom despite negative housing starts.
Manager Insights Gene Therapy: Building Blocks of Change
Gene Therapy could redefine the healthcare industry. We explore the science behind what’s changing.
Manager Insights Fallen Angels: The Last Free Lunch
Though caught between two worlds, fallen angels merit a permanent home in a strategic asset allocation.
Manager Insights Why Municipal Revenue Over General Obligation Bonds
Municipal revenue bonds can offer a more stable source of income than general obligation bonds.
Macro & Market Now Playing at a Theater of the Absurd Near You
Chief Economist Vincent Reinhart expounds on the leadership shake-ups at the EU, ECB and IMF.
Fed Thoughts The Sound of Silence
Chief Economist Vincent Reinhart evaluates whether the Fed’s empty spaces contain multitudes.
Manager Insights Cannabis Chronicles: Easing Regulations in a Growing Industry
Easing regulations and increasingly tolerant public sentiment are making cannabis ripe for investment.
Market Observations A Churchillian Moment
Chief Economist Vincent Reinhart provides an outlook for trade, the US economy and the Fed.
Manager Insights Where Has My Credit Premium Gone?
An accurate forecast of the Credit Risk Premium can offer valuable insight into expected credit returns.
Fed Thoughts A Riot is an Ugly Thing
Chief Economist Vincent Reinhart considers the disconnect between futures market expectations and the Fed’s likely path.
Manager Insights Intrigue and Trade
Chief Economist Vincent Reinhart examines the state of US-China trade policy.
Manager Insights The Same, Only Different: Municipal Bonds After Tax Reform
Municipal bonds remain attractive for taxable insurance companies despite the Tax Cuts and Jobs Act.
Manager Insights Ensuing Credit Impact From Puerto Rico Ruling
Our municipal bond experts review the potential impacts of the recent Puerto Rico ruling.
Manager Insights The Cure to What Ails Healthcare
Our active equity experts examine their framework for identifying winning healthcare companies.
Market Observations Powell the Padawan
Chief Economist Vincent Reinhart examines the U.S. economy and the Fed’s change of heart.
Manager Insights Eight Investment Themes for Global Growth
Mellon’s US Small Mid Cap Equity Team shares major insights from their thematic research.
Manager Insights Enterprise Blockchain: Urgency Builds as Needs Intensify
Momentum for enterprise blockchain is reaching a tipping point, and 2019 could be the year for broad adoption.
Manager Insights Tulips Disguised as Toll Roads
Our global infrastructure experts review the hidden risks of direct infrastructure compared with publicly listed alternatives.
Fed Thoughts Follow the Money
Chief Economist Vincent Reinhart discusses the Fed’s current emphasis on its balance sheet.
Manager Insights What Happened to the Quants in 2018?
Risk premia strategies were very sensitive to changes in risk appetite.
Manager Insights China-US Trade Warcraft: An Investigative Analysis
We explore the sea change fundamentally altering the crucial China-US trade dynamic.
Manager Insights An “Unfaithfully Yours” Brexit
Chief Economist Vincent Reinhart discusses potential Brexit outcomes and the motivation of EU and UK officials.
Manager Insights Are State Budgets Prepared For Lower Tax Revenues?
Some states are facing slower revenue growth as their 2020 budget negotiation process begins.
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Fed Thoughts Pay No Attention To The Man Behind The Curtain
Chief Economist Vincent Reinhart suggests Fed communications may be an unreliable predictor of policy.
Fed Thoughts Poles Apart
Chief Economist Vincent Reinhart discusses potential effects of the government shutdown on the Fed’s outlook.
Market Observations A Really Big Show
Chief Economist Vincent Reinhart details the Fed’s goal of keeping “all the plates spinning.”
Manager Insights Multi-Asset Solutions that Go Beyond the Efficient Frontier
We explore the tension between risk and return created by today’s investment landscape.
Manager Insights Long Duration Bond Demand Shines Light on Implementation Costs, Concentration Risks
We discuss our innovative approach to investing in long duration corporate bonds.
Fed Thoughts Wait Until Dark
Chief Economist Vincent Reinhart explains his outlook for Fed action when the "lights go out."
Manager Insights Stable Value vs. Money Market Yields Through Rate Cycles
We discuss the advantages of stable value funds versus money market funds through various interest rate environments.
Fed Thoughts A Narrow Lane
Chief Economist Vincent Reinhart explains the lack of excitement about the recent Fed meeting and digests the bank's narrow lane.
Market Observations Into Thin Air
Chief Economist Vincent Reinhart discusses his views on the Fed’s steady climb.
Manager Insights Beyond Traditional Infrastructure Investing
Holistic infrastructure investing can provide a better income solution.
Market Observations October Fright Fest
Chief Economist Vincent Reinhart reviews a recent slasher movie - Global Equity Markets in October.
Market Observations Trump, Trade, Twisters, and Trailer Parks
Chief Economist Vincent Reinhart reveals his expectations for the global economy and markets.
Manager Insights Consumer Disruptors
Social media: the invisible hand guiding consumer preferences.
Fed Thoughts Stargazing in the Mountains
Chief Economist Vincent Reinhart contemplates the next Fed moves.
Manager Insights Large Ports Can Weather the Tariff Storm
Diverse operations and robust financials may help large ports withstand any reduced trade volumes.
Macro & Market When will Technological Progress Show Up in Productivity Statistics?
Chief Economist Vincent Reinhart addresses slow productivity growth despite technological progress.
Manager Insights Unchaining Distributed Ledger Technology
Use cases for distributed ledger technology go beyond the hype.
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Market Observations Beam Them Up, Scotty
The Active Fixed Income Investment Committee discuss the Federal Reserve's plodding course and outline avenues to live long and prosper.
Methodology Matters Making Way for China A: Access the Onshore China Equity Market
The Equity Indexing team examines the implications of MSCI adding China A shares to their indexes.
Fed Thoughts Lattice Work
Chief Economist Vincent Reinhart discusses the implications from the Fed's lattice work.
Manager Insights Supreme Court Decisions to Have Limited Impact on Municipal Credits
The Municipal Bond Team discusses the significant implications of recent Supreme Court rulings, but the ultimate impact may be less than investors expect.
Manager Insights Muni Bond Demand Trends Shift Under New Tax Rules
Municipal bonds remain attractive in the wake of tax reform, and we expect flows to increase because of the largest buyers—retail investors.
Macro & Market Global Macro Views
Calculating the global macroeconomic trajectory has recently become more complicated; we share our outlook.
Fed Thoughts Passive Aggressive
Chief Economist Vincent Reinhart outlines the challenges facing Chair Powell in continuing to climb the Yellen staircase.
Manager Insights Navigating Inflation
Active global natural resource equities can be a better inflation hedge.
Manager Insights Case Study: Rethinking High Yield
Exploring solutions in the high yield space.
Market Observations Conviction and the Courage that Comes with Coupon
We share our views on the medium-term cross currents in the bond market.
Manager Insights The Importance of Structured Liquidity in Stable Value Portfolios
The industry-wide thirst for liquidity brings new attention to investment managers. Our Stable Value team believes we can meet the demand.
Fed Thoughts Zombie Apocalypse
Chief Economist Vincent Reinhart highlights why a zombie apocalypse may seem more likely than a Fed rate hike in May.
Manager Insights Munis in a Rising Rate Cycle
The advantages of municipal bonds in a rising rate environment.
Macro & Market Field Notes: Observing the International Bureaucrat
Chief Economist Vincent Reinhart reveals the synchronous global expansion is more like a Great Convergence.
Market Observations Pass the Popcorn, Mr. President
Chief Economist Vincent Reinhart doesn't expect a significant impact from trade wars, but dramatic headlines will likely persist.
Macro & Market Global Macro Views
Despite tariffs and volatility, the world still turned reliably on its off-centered axis.
Manager Insights Uncovering the Hidden Risks of a New Geopolitical Era
Looking ahead, geopolitics will powerfully influence global equity markets.
Manager Insights The Municipal Market and Climate Change
Our ESG analysis helps identify municipal issuers able to withstand the negative consequences of climate change.
Manager Insights Impact of Political Willingness on Municipal Credit Quality
As the views of Democrats and Republicans widen, we believe it is more important to include political factors when analyzing municipal credits.
Fed Thoughts Back to the Future?
Chief Economist Vincent Reinhart sees a strong Fed tightening pace, which he believes should go smoothly as long as the Fed doesn’t overreact.
Manager Insights Tracking the Next Energy Trend
Our environmental and safety letter campaign is gaining momentum.
Market Observations Groundhog Day
The Active Fixed Income Investment Committee provides their thoughts and views on the February bond market.
Fed Thoughts Welcome to the Job, Jay
When Federal Chair Powell opens a crisis management handbook, he will learn the first rule about a significant asset price move.
Market Observations Déjà vu, All Over Again
The Active Fixed Income Investment Committee provides their thoughts and views on the current state of the bond market.
Fed Thoughts Interregnum
Chief Economist Reinhart’s thoughts on the upcoming FOMC Meeting.
Manager Insights The Impact of Tax Reform on the Investment Grade Credit Market
Four key tax reform provisions are likely to impact the investment grade corporate credit market.
Manager Insights The Impact of Tax Reform on the Municipal Bond Market in 2018
Tax reform should be constructive for municipal bonds, but lower demand from banks and property and casualty insurers bears watching.
Manager Insights The Crypto Asset Iceberg
What are long-term implications of the rise of crypto assets?
Manager Insights U.S. Tax Reform: A Helpful Tailwind for Financials
Tax reform would provide an additional positive catalyst for Financials.
Market Observations Jingle, Jingle, Jingle
Recent activity data is upbeat, consumers appear confident, and meaningful fiscal impetus seems in motion in the US and, perhaps, elsewhere.
Macro & Market Global Macro Views
The Global Macro Committee offers an upbeat take on the global economy.
Fed Thoughts Song of the Thin Man
Chief Economist Reinhart’s views on the upcoming FOMC meeting.
Macro & Market Collateral Consequences, Capital Flows, and Commodity Prices
Chief Economist Vincent Reinhart discusses the effects of recent unconventional central bank policies.
Market Observations Pilgrims' Progress?
Economic growth in advanced economies is broadly in sync and mostly outstrips that of potential output, adding to cost pressures.
Manager Insights Eight Investment Themes For Global Growth
The US Small Cap Growth team evaluates investment themes for the coming years.
Manager Insights Think Like a Tech Investor
As every company becomes a tech company, we urge every investor to think like a tech investor.
Manager Insights Unlocking Intrinsic Value
The Opportunistic Value team outlines its approach to intrinsic value investing.
Manager Insights Liquidity Reimagined
Today's credit markets offer cheaper, more liquid access to those who know where to look.
Manager Insights The Next Energy Trend: Environmental and Safety Reporting
Linking environmental and safety performance to enterprise valuation.
Manager Insights Putting Steel In The Ground
U.S. infrastructure is poised for a resurgence in investment.
Methodology Matters The ExxonMobil vote
The high profile resolution drew strong support from shareholders, including Mellon Capital. Was it meaningful or merely symbolic?
Manager Insights The Return of Value
The Large Cap Value team believes a long-term rotation toward value is just beginning.
Manager Insights Policy Triumvirate Accelerates Opportunity in Global Natural Resources
Policy changes are building the foundation for a natural resources recovery.
Manager Insights How Millennials Are Changing Food Industry Choices
Millennials are changing the food industry – through snacking.
Manager Insights After the U.S. Shale Revolution
Portfolio Manager Robin Wehbé explains September's oil market volatility.
Manager Insights Eight Investment Themes for Global Growth: 2016 & Beyond
The US Small Cap Growth team evaluates profit themes for the coming years.
Manager Insights Capitalizing on the Wide-Ranging Impact of Blockchain Technology (Blockchain – Part 3)
Our experts outline which industries could feel the biggest impact.
Manager Insights Wearable Technology: The Future of Fit
Activity-tracking devices could have a wide-ranging impact on health care.
Manager Insights Virtual Reality: From Wow to the Real World
This technology is on the cusp of transcending videogames.
Manager Insights The Transformation Toward Digital Liquidity (Blockchain – Part 2)
Blockchain could fundamentally change longstanding industry infrastructure.
Manager Insights Bitcoin: The New Smart Money (Blockchain – Part 1)
Cryptocurrencies and their underlying Blockchain technology have vast disruptive possibilities.
Manager Insights Emerging Markets: From Discovery to Distinction
Here are some ways to find winners in this asset class.
Manager Insights Battle for Barrels: Race to Lower Oil
Energy companies go lean, perpetuating oil-price headwinds.
Manager Insights Automobiles and the Age of Autonomy
The megatrend of self-driving vehicles may transform the automotive industry.
Manager Insights Eight Investment Themes for Global Growth (2015)
The US Small Cap Growth team evaluates profit themes that could create tailwinds for the economy.
Manager Insights Quantitative Investing—A Perspective of the Last 40 Years
From its roots in the 1960s to today, Tom Loeb traces the 50-year evolution of quantitative investing approaches.