At Mellon, we are research-driven investors. That passion infuses everything we do. We are pleased to present our Mellon insights as well as research from some of our partners and affiliates.
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Short Duration, High Quality High Yield: An Attractive Segment in a Rising Rate Environment
For an attractive spread, lower exposure to rates, low defaults and historically high risk-adjusted returns, consider high quality, short duration high yield.
A Systematic Approach to Forecasting US Inflation and Interest Rates
Our multi-asset team’s models suggest that inflation is likely to remain contained over the next several years.
Bridging the US Digital Divide
Adequate connectivity is necessary for educational and socioeconomic opportunities yet our most vulnerable communities are disproportionately disadvantaged.
Weighing the Balance
The rise of Bitcoin has been meteoric, but along with the asset’s increased visibility and rise in value comes heightened scrutiny surrounding its ESG impact.
The Future of 60/40: Can We Improve Upon a 60/0?
Bonds’ lower bound properties underline the need for an expanded investor tool kit.
The Future of 60/40: What Can We Learn from the Past?
We believe a future 60/40 return stream may look more like a 60/0.
The Value of Embedded Finance
Advancements in fintech are reshaping the competition and the banking industry today.
There and Back Again
There is a developing powerful interconnection between GNR and secular trends in both the financial and physical world.
Designing Health with Precision Medicine
New capabilities are driving a faster rate of research, getting us closer to the dream of precision medicine.
The Monetary Wheels Go Round & Round
We highlight the recent interplay between savings rates, bank deposits, and the Fed’s balance sheet.
The Transformation of Care Delivery
The forces behind health care have aligned to bring about an exciting evolution in care delivery.
The Roaring 20s Reprised
We examine the evidence for an impending consumer boom against a backdrop of remarkable parallels to the late 1910s.
2020 Proxy Voting Report
Our second annual report highlights our engagement and proxy voting activities in 2020.
Blending Art and Science
We explore different valuation methods that can be applied to Bitcoin and potentially other cryptocurrencies.
Seven Deadly Sins of Machine Learning
Machine learning can be a powerful tool but its application requires special care.
Smart Cities: Connecting to a Healthier World
We examine how Smart Cities have fared during the pandemic and the benefits they can deliver their constituents.
China’s Ray of Light
China’s healthy positive real interest rates appear exceptional in a world where all developed economies offer deeply negative real interest rates.
On the Edge: New Opportunities
Edge computing is poised to play an essential role in the post-COVID-19 global economy.
Consumer Themes: How Society is Changing
Explore how consumer preferences reshape industries and drive key opportunity sets.
The Value of Income Diversification
We believe an allocation to a time-tested income-oriented strategy would provide great diversification to an S&P 500® index portfolio.
Themes for Global Growth
Chief Investment Officer and Head of Equity John Porter introduces this year’s series of thematic insights.
Clarity in the Fog of ESG Controversy
We explore how investigative research can bolster ESG analysis and corporate engagement.
Municipal Bonds for Non-US Investors
We believe that non-US investors should invest in municipal bonds based on their investment objectives.
Fallen Angels vs Ba Bonds
Fallen angels have historically outperformed their Ba-rated peers.
Evaluating a Stable Value Strategy
Learn how to choose the optimal stable value strategy.
One for the Record Books
We look at the impact of the pandemic through the lens of the US credit markets.
The Rise of Bitcoin
We explore the rise of bitcoin as cryptocurrencies continue their migration to mainstream investable blockchain technology.
Want to Beat the Stock Market?
In our view, adding leverage and long Treasuries to an equity portfolio is the antidote to underperformance.
Fallen Angels Update
2020 has been a unique year for fallen angel creation.
Bridging the Funding Gap
Aging demographics and lack of yield create a challenging environment for retirees. We believe equity income can provide a solution.
EM Local Currency Opportunity
The EM local currency environment appears compelling for euro-based investors on an unhedged basis.
High Yield Default Rates
An accurate measurement of default and recovery rates can have a material impact on expected high yield excess returns.
Vote No on Volatility
With a looming US presidential election, our index professionals review the possibility of an uptick in election-related market volatility.
A Natural Inflation Hedge
We explore how a global bond approach can provide a natural inflation hedge.
The Deteriorating Dollar
Despite recent investor interest in USD as a safe-haven asset, we believe the US dollar has initiated a cyclical depreciation process.
Climate Change and the Presidential Election
We unpack how wildfires, flooding and possible presidential election outcomes could impact municipal credits and differentiate issuers.
Mellon’s CIOs and Macro Strategist give their perspectives on November’s heated political election.
Stress Testing the Election
Chief Economist Vincent Reinhart examines pre-election economic activity and its utility for assessing the 2020 election.
Implications of the Fixed Income Evolution
In our view, the evolution of the fixed income market has created more transparency, depth and opportunity to generate competitive returns.
Can Bonds Still Hedge Equity Exposure?
During US equity drawdowns, long US Treasuries have served as an efficient and effective hedge.
Chief Economist Vincent Reinhart discusses the potential implications of the 2020 election.
A Balancing Act
How did the whipsawing market volatility impact index managers? We explore the challenges and critical considerations.
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.
Evaluating Our EMD Expectations
The JPMorgan EMBI Global Diversified Index makes a comeback after experiencing losses in March, validating our previous expectations.
Concerns abound surrounding increased net issuance of sovereign USD-denominated bonds in emerging markets, but we believe they are overstated.
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.
Circular Economy: The Rise of Resale
Discover how evolving consumer habits are redefining the apparel and luxury market and driving environmental change.
Fighting COVID-19 with Gene Technology
Discover how innovations in gene technology are helping us combat the COVID-19 virus.
The Intelligent Consumer: Future of Retail
Our retail reality is changing. Explore how the physical retail experience will be drastically different in the future.
Meet the Manager: Rob Croce
Rob Croce, Head of Risk Parity & Liquid Alts, talks about formative experiences, data-driven investing and embracing challenges.
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.
Reducing Food Waste
Explore how the Circular Economy trend could help transform the food and beverage industry.
ESG Investigative Research
What happens when we apply the investigative journalist approach to sustainability research itself?
Evaluating a Stable Value Investment Option Part I
Strengthen your approach to assessing stable value vehicles.
Risk Parity Makes Sense Now
We believe bonds can provide significant diversification benefits in risk parity even at low yields.
The Party is Just Getting Started
In our view, current dynamics indicate that good cheer is building around fallen angels.
Which Way Next for EM Local Currency Debt?
Explore how local currency denominated debt markets can offer flexibility and protection from wider market swings.
Mellon’s Commitment to Community
We discuss Mellon’s response to the pandemic and why we believe rigorous CSR practices are more crucial than ever.
Building the Future of Blockchain
Discover how the blockchain platform is linking businesses and governments with transformational benefits.
Are My Dividends Safe?
Explore how the power of dividend reinvestment remains an important source of value creation.
Connected Health at a Distance
Pulse oximeters allow patients to breathe easy while being monitored from home.
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.
Fallen Angels: No Time Like the Present
2020 is likely to be an auspicious entry point for a fallen angels allocation.
The Era of Intelligent Connectivity
Explore how the building blocks of Intelligent Connectivity are marching toward a once-in-a-generation event.
Emerging Opportunities in EMD
Current market conditions present exciting opportunities in Emerging Markets Debt.
Commitment to Community
We explore how the recent pandemic is highlighting the need for robust corporate social responsibility (CSR) practices across industries.
The Value Factor is a Recipe for Small Returns
We unpack the value phenomenon and how the academic research is being misapplied.
An Electric Revolution
Electric vehicles may revolutionize the mobility landscape as consumers seek sustainable options and governments increase regulations.
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.
Connected Health in Treatment
Familiar technologies could be repurposed to treat and monitor COVID-19—learn about these innovative solutions.
The Evolution of Autonomy
Fully autonomous vehicles are quickly becoming a reality. We examine the driving forces behind this movement.
Connected Health in Action
Demand for telemedicine is accelerating with the advent of COVID-19—explore why this could be a long-term trend.
The Near-Term Fiscal Outlook
Chief Economist Vincent Reinhart describes the key provisions of the 2020 CARES Act.
Mellon Mobility Innovation: Let’s Get Connected
We explore trends and growing investment opportunities within the connectivity segment of the mobility industry.
2019 Mellon Proxy Voting Report
Mellon’s proxy voting decisions seek the best long-term economic outcome for all stakeholders.
An Efficient Beta Approach to Emerging Market Debt Local Currency
A growing asset class that can deliver high yield and potentially attractive total returns.
Hidden in Plain Sight
The search for alpha is elusive, but we see a path to excess returns.
The Three Pillars of Better Strategic Portfolios
Risk parity seeks to maximize diversification within asset classes, across asset classes and across time.
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.
Credit portfolio trading is an established trading protocol that has resulted in significant cost savings.
Still Climbing: The Case for Homebuilders
Housing demand could be set to boom despite negative housing starts.
Fallen Angels: The Last Free Lunch
Though caught between two worlds, fallen angels merit a permanent home in a strategic asset allocation.
Why Municipal Revenue Over General Obligation Bonds
Municipal revenue bonds can offer a more stable source of income than general obligation bonds.
Cannabis Chronicles: Easing Regulations in a Growing Industry
Easing regulations and increasingly tolerant public sentiment are making cannabis ripe for investment.
Where Has My Credit Premium Gone?
An accurate forecast of the Credit Risk Premium can offer valuable insight into expected credit returns.
Intrigue and Trade
Chief Economist Vincent Reinhart examines the state of US-China trade policy.
The Same, Only Different: Municipal Bonds After Tax Reform
Municipal bonds remain attractive for taxable insurance companies despite the Tax Cuts and Jobs Act.
Ensuing Credit Impact From Puerto Rico Ruling
Our municipal bond experts review the potential impacts of the recent Puerto Rico ruling.
The Cure to What Ails Healthcare
Our active equity experts examine their framework for identifying winning healthcare companies.
Eight Investment Themes for Global Growth
Mellon’s US Small Mid Cap Equity Team shares major insights from their thematic research.
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.
Tulips Disguised as Toll Roads
Our global infrastructure experts review the hidden risks of direct infrastructure compared with publicly listed alternatives.
What Happened to the Quants in 2018?
Risk premia strategies were very sensitive to changes in risk appetite.
China-US Trade Warcraft: An Investigative Analysis
We explore the sea change fundamentally altering the crucial China-US trade dynamic.
An “Unfaithfully Yours” Brexit
Chief Economist Vincent Reinhart discusses potential Brexit outcomes and the motivation of EU and UK officials.
Are State Budgets Prepared For Lower Tax Revenues?
Some states are facing slower revenue growth as their 2020 budget negotiation process begins.
Multi-Asset Solutions that Go Beyond the Efficient Frontier
We explore the tension between risk and return created by today’s investment landscape.
Long Duration Bond Demand Shines Light on Implementation Costs, Concentration Risks
We discuss our innovative approach to investing in long duration corporate bonds.
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.
Beyond Traditional Infrastructure Investing
Holistic infrastructure investing can provide a better income solution.
Social media: the invisible hand guiding consumer preferences.
Large Ports Can Weather the Tariff Storm
Diverse operations and robust financials may help large ports withstand any reduced trade volumes.
Unchaining Distributed Ledger Technology
Use cases for distributed ledger technology go beyond the hype.
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.
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.
Case Study: Rethinking High Yield
Exploring solutions in the high yield space.
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.
Munis in a Rising Rate Cycle
The advantages of municipal bonds in a rising rate environment.
Uncovering the Hidden Risks of a New Geopolitical Era
Looking ahead, geopolitics will powerfully influence global equity markets.
The Municipal Market and Climate Change
Our ESG analysis helps identify municipal issuers able to withstand the negative consequences of climate change.
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.
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.
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.
The Crypto Asset Iceberg
What are long-term implications of the rise of crypto assets?
U.S. Tax Reform: A Helpful Tailwind for Financials
Tax reform would provide an additional positive catalyst for Financials.
Eight Investment Themes For Global Growth
The US Small Cap Growth team evaluates investment themes for the coming years.
Think Like a Tech Investor
As every company becomes a tech company, we urge every investor to think like a tech investor.
Unlocking Intrinsic Value
The Opportunistic Value team outlines its approach to intrinsic value investing.
Today's credit markets offer cheaper, more liquid access to those who know where to look.
Putting Steel In The Ground
U.S. infrastructure is poised for a resurgence in investment.
The ExxonMobil vote
The high profile resolution drew strong support from shareholders, including Mellon Capital. Was it meaningful or merely symbolic?
The Return of Value
The Large Cap Value team believes a long-term rotation toward value is just beginning.
How Millennials Are Changing Food Industry Choices
Millennials are changing the food industry – through snacking.
Eight Investment Themes for Global Growth: 2016 & Beyond
The US Small Cap Growth team evaluates profit themes for the coming years.
Capitalizing on the Wide-Ranging Impact of Blockchain Technology (Blockchain – Part 3)
Our experts outline which industries could feel the biggest impact.
Wearable Technology: The Future of Fit
Activity-tracking devices could have a wide-ranging impact on health care.
Virtual Reality: From Wow to the Real World
This technology is on the cusp of transcending videogames.
The Transformation Toward Digital Liquidity (Blockchain – Part 2)
Blockchain could fundamentally change longstanding industry infrastructure.
Bitcoin: The New Smart Money (Blockchain – Part 1)
Cryptocurrencies and their underlying Blockchain technology have vast disruptive possibilities.
Emerging Markets: From Discovery to Distinction
Here are some ways to find winners in this asset class.
Automobiles and the Age of Autonomy
The megatrend of self-driving vehicles may transform the automotive industry.
Eight Investment Themes for Global Growth (2015)
The US Small Cap Growth team evaluates profit themes that could create tailwinds for the economy.
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.