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Growth Team Weekly Investment Insights
Following a break, we’re excited to resume our Growth Team insights series. In this post, we check on the macroeconomic data driving markets so far in 2025.
Trading Viewpoints: Tick Tock, How to Trade the Clock
Our embedded traders work alongside portfolio managers and analysts to constantly assess market structures, liquidity and execution. These functions seek to help enable operational alpha by reducing risks, minimizing transaction costs and taking advantage of price differentials. To support our analysis, we gather and evaluate uniquely curated datasets. Below is the outcome of one such analysis:
Transaction costs in foreign exchange can be a significant drag on emerging markets debt portfolios if not carefully managed. As a result, foreign exchange trade execution strategy becomes a vital component of such portfolios. One key decision in minimizing transaction costs is determining the optimal time of day for execution. Unlike exchange-traded markets, the foreign exchange market operates 24 hours a day without official opening or closing times, making timing decisions dependent on the analysis of transaction costs.
Trading Viewpoints: A Little Skew Goes a Long Way
Our embedded traders work alongside portfolio managers and analysts to constantly assess market structures, liquidity and execution. These functions seek to help enable operational alpha by reducing risks, minimizing transaction costs and taking advantage of price differentials. To support our analysis, we gather and evaluate uniquely curated datasets. Below is the outcome of one such analysis:
The rise of electronic trading in liquid foreign exchange markets has brought significant benefits to asset managers, including enhanced price discovery, faster trading execution, and improved trade processing efficiency. However, one often overlooked advantage is the benefit of skewed prices offered by liquidity providers. We aimed to quantify the value of this skew and assess its impact on emerging market currencies.
EMD in a Trump 2.0 World
Donald Trump’s and the Republican party’s sweeping victories in November signal a strong mandate for meaningful change that will influence the global economy and geopolitics for 2025 and beyond. While exact details of Trump’s policies remain unknown, the former president has made the direction of political change clear in several key areas:Read More
A Q&A with Portfolio Manager Thomas Reynolds
Tom, congrats on recently celebrating your 7-year anniversary with the Artisan Partners U.S. Value team. To commemorate your time with Artisan, we have a few questions to get to know you better as an investor. You had an unconventional start to your career as you were an anthropology major in college. What was your path from anthropology to becoming a portfolio manager, and how have you been able to apply your social sciences background?
Growth Team Weekly Investment Insights
In this week's post, we highlight the recent batch of macro data, the latest company to reach the $1 trillion milestone, US market returns without NVIDIA, the outlook for advertising, a China monetary policy shift, and easing permitting messaging from Donald Trump.
Growth Team Weekly Investment Insights
This week's post highlights some of the market narratives from November.Read More
EM’s Uninvited Guest: US Duration
Investors often allocate to emerging markets debt to capture compelling stories of growth, reform and opportunity in developing economies. Yet, all too often, these carefully chosen EM exposures are overshadowed by movements in US Treasury yields. It’s a frustrating reality that can significantly amplify volatility in the asset class’s returns, and recent weeks have offered a reminder of just how powerful this effect can be.
Growth Team Weekly Investment Insights
In this week's blog post, we cover a series of economic data (inflation and retail sales), the S&P 500® index's new high, Tesla's exposure to potential regulation changes, U.S. vs. non-U.S. equities, the performance of nuclear stocks and a look at where some key COVID-19 beneficiaries are trading today.
Growth Team Weekly Investment Insights
In this week's blog post we cover a series of economic data (employment, PMI readings and the first Q3 GDP growth estimate), Super Micro Computer's round trip, big tech capex spending, Arm's transition into data centers and rising demand for transformers.