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A recent rapid decline in its money supply highlights deflationary concerns in China. The GDP deflator, a broad, inflation-adjusted measure of economic output, has been negative for five consecutive quarters. Judging by recent experiences in the United States and Japan, China will be challenged in its efforts to lift barely positive consumer inflation closer to the People’s Bank of China’s 3% target.

Implementing an investment strategy is often presented as a choice based on whether a fund is labeled “active” or “index.” Those labels are important, as they convey pertinent information about funds. However, I believe it’s more important that investors consider the characteristics behind those labels. Doing so can strengthen investors’ conviction about why they might include active and index funds in their investment plan and can increase their chances of success.

In this research note, we outline three aspects of cash that investors’ objectives tend to align to: returns, relation to inflation, and volatility levels. We also share our framework for assisting investors in considering cash for financial planning and strategic asset allocation.

Investments in AI are unlikely to ward off a near-term U.S. economic slowdown or justify rich stock valuations.

Bonds are back, but the prospect of falling rates isn’t the only reason—yield income is higher, too.

The Canadian economy faces a challenging H2 as it battles below-trend growth and tackles the last mile of the inflation target

Remember the soft landing versus hard landing debate last year? As we’ve avoided recession but seen insufficient progress in the inflation fight, neither camp appears to have been correct.

For Financial Advisors only. Vanguard founder Jack C. Bogle captured the power of indexing through different variations of a simple analogy, “Don’t look for the needle, buy the haystack.”

A 1-minute video featuring Vanguard’s new CEO, Salim Ramji.

Low inflation in the decades before the COVID-19 pandemic has often been attributed to globalization, so it would be natural to think the opposite—that less international trade, particularly with China, might lead to higher inflation.

This video features Spencer Adair, CFA, Investment Manager and Partner at Baillie Gifford, who shares insights on the team’s investment philosophy, their long-term approach to investing, and how they maintain an active edge.

For Financial Advisor Use Only. Concerns about when —or even if—central banks will start cutting interest rates this year have dampened bond market momentum since January, after mixed signals from policymakers cast doubt on the timing of rate cuts.