MONDRIAN
News & Insights
Featured Insights
International Equity Investment Outlook – Q2 2025
Global indices have rallied strongly off April’s lows, ending the quarter near all-time highs, with recent geopolitical shocks failing to disrupt the sharp recovery.
US Dollar Weakness Bolsters Emerging Market Equities
A weakening US dollar historically creates a fertile backdrop for emerging market assets, driven by enhanced capital flows, commodity tailwinds, and improved debt dynamics.
Global Equity Investment Outlook – Q2 2025
There has been a dramatic turnaround for markets over the past quarter. Investors have enthusiastically welcomed the possibility that global governments can successfully reorder trade policy with a limited impact on economic activity.
Value Investing in Volatile Markets
Market disruption often leads to mispricing, particularly when sentiment overrides fundamentals.
International Equities
International Equity Investment Outlook – Q2 2025
Global indices have rallied strongly off April’s lows, ending the quarter near all-time highs, with recent geopolitical shocks failing to disrupt the sharp recovery.
Value Investing in Volatile Markets
Market disruption often leads to mispricing, particularly when sentiment overrides fundamentals.
Video: International Equities Update – Q1 2025
Watch as Senior Portfolio Manager, Nigel Bliss, discusses the investment case for international equities, including how Europe’s long-overlooked equity market is staging a quiet comeback.
Global Equities
Global Equity Investment Outlook – Q2 2025
There has been a dramatic turnaround for markets over the past quarter. Investors have enthusiastically welcomed the possibility that global governments can successfully reorder trade policy with a limited impact on economic activity.
Value Investing in Volatile Markets
Market disruption often leads to mispricing, particularly when sentiment overrides fundamentals.
Global Equity Investment Outlook – Q1 2025
In contrast to many commentators, we increasingly think Europe is a very interesting market. Expectations have generally been compressed by a pretty weak economic backdrop and an extended period of equity market underperformance.
Emerging Markets Equities
US Dollar Weakness Bolsters Emerging Market Equities
A weakening US dollar historically creates a fertile backdrop for emerging market assets, driven by enhanced capital flows, commodity tailwinds, and improved debt dynamics.
Video: Emerging Markets Investment Outlook – Q1 2025
Watch as Andrew Miller, CIO-Emerging Market Equities, discusses the investment opportunity for EM investors in China particularly as the narrative of U.S. exceptionalism continues to come under pressure.
Emerging Markets Investment Outlook – Q1 2025
Q1 2025 saw Emerging Markets (EM) rise 3% in a volatile quarter dominated by geopolitical concerns and trade tariff headlines. Amongst large markets, China was the standout performer, rising 15%.
Small Caps
Mondrian’s Purchasing Power Parity (PPP) Approach
Mondrian’s Purchasing Power Parity method (PPP) provides a consistent measure of value across all currencies – a process we have employed since the founding of our firm in 1990.
Navigating the Decarbonization Transition within Small Cap Equities
The decarbonization journey poses both investment opportunities and challenges with implications to risk appetite, access to capital and asset valuations.
International Small Cap 2021 Outlook
The COVID-19 crisis of 2020 was not a systemic crisis. The scale and speed of fiscal and monetary stimulus led by the US Federal Reserve drove global markets to bounce, registering strong gains for the full year.
Fixed Income
Video: US Dollar Overvaluation – A Historical Perspective
Watch as Senior Portfolio Manager, Matt Day, explores the overvaluation of the US Dollar from a historical perspective.
Local Currency EMD Offers Excellent Value
According to our valuation standards, Local Currency EMD benefits from high PRYs and attractive currency valuations while Hard Currency EMD is tainted by very low credit spreads and an overvalued US dollar.
Video: Global Disinflation Continues
In this video, Senior Portfolio Manager Matt Day explores how disinflation is shaping the global economy in 2024.
News & Announcements
Mondrian Wins Equities Manager of the Year: Pensions Age Awards
We are proud to share that we have been awarded Equities Manager of the Year at the 2025 Pensions Age Awards.