Insights
Showing 106 results
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 Moving Beyond Huawei
Our ESG experts weigh in on how ownership, data privacy and human rights can affect shareholder value.
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 ESG and Alpha: Concession or Contribution?
Our ESG Officer Laura Kunkemueller explores how environmental, social and governance considerations contribute to long-term, risk-adjusted performance.
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 Risk Parity: A Different Take on Diversification
Senior Portfolio Manager Roberto Croce explains how he diversifies within and across asset classes and across time.
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 Fed Thoughts: PNATTMBTC
Chief Economist Vincent Reinhart suggests Fed communications may be an unreliable predictor of policy.
Manager Insights Why International Small Cap?
International small cap equities provide opportunity for attractive risk-adjusted returns and diversification benefits.
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.
Market Observations Into Thin Air
Chief Economist Vincent Reinhart discusses his views on the Fed’s steady climb.
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.
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.
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.
Fed Thoughts Stargazing in the Mountains
Chief Economist Vincent Reinhart contemplates the next Fed moves.
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.
Macro & Market Capital Inflow Bonanzas: An Update on an Old Theme
Chief Economist Vincent Reinhart explores the impact of capital inflow bonanzas on asset prices.
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.
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 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.
Macro & Market Global Macro Views
Despite tariffs and volatility, the world still turned reliably on its off-centered axis.
Fed Thoughts Zombie Apocalypse
Chief Economist Vincent Reinhart highlights why a zombie apocalypse may seem more likely than a Fed rate hike in May.
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.
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.
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.
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 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.
Macro & Market Global Macro Views
The Global Macro Committee offers an upbeat take on the global economy.
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.
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 Mounting Case for Eafe Equities
We believe EAFE equities present a compelling opportunity for absolute and relative performance.
Manager Insights The Return of Value
The Large Cap Value team believes a long-term rotation toward value is just beginning.
Manager Insights Hidden in plain sight - Synopsis
The search for alpha is elusive, but we see a path to excess returns.
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 Automobiles and the Age of Autonomy
The megatrend of self-driving vehicles may transform the automotive industry.
Manager Insights Battle for Barrels: Race to Lower Oil
Energy companies go lean, perpetuating oil-price headwinds.
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.
Methodology Matters Green Beta: Carbon Efficiency Investing
Will Cazalet and Karen Wong discuss a unique strategy designed to achieve both environmental and fiduciary objectives.
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.