MONDRIAN
News & Insights
Featured Insights
International Equity Investment Outlook – Q4 2025
Despite the relative outperformance of non-US markets compared to the US market in 2025, we continue to see differentiated and compelling opportunities outside of the US.
2025 Year-end Emerging Markets Review and Outlook
The EM recovery has been propelled by a combination of secular and cyclical earnings growth drivers, with investors attracted by the persistent valuation discount.
Global Equity Investment Outlook – Q4 2025
Despite the relative outperformance of non-US markets compared to the US market in 2025, we continue to see differentiated and compelling opportunities outside of the US.
Relief without Resolution
Markets have staged an impressive rebound since April, but the underlying macro picture is far from resolved.
International Equities
International Equity Investment Outlook – Q4 2025
Despite the relative outperformance of non-US markets compared to the US market in 2025, we continue to see differentiated and compelling opportunities outside of the US.
Defensives Regaining Appeal
Global equity markets have risen strongly year-to-date, extending a rally that has seen the MSCI World Index reach multiple new highs.
International Equity Investment Outlook – Q3 2025
Despite recent market strength, we believe compelling opportunities exist in defensive segments with attractive valuations and resilient long-term return potential.
Global Equities
Global Equity Investment Outlook – Q4 2025
Despite the relative outperformance of non-US markets compared to the US market in 2025, we continue to see differentiated and compelling opportunities outside of the US.
Global Equity Investment Outlook – Q3 2025
Despite recent market strength, led largely by cyclical stocks, we continue to find compelling opportunities — particularly in defensive segments.
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.
Emerging Markets Equities
2025 Year-end Emerging Markets Review and Outlook
The EM recovery has been propelled by a combination of secular and cyclical earnings growth drivers, with investors attracted by the persistent valuation discount.
Outlook: India’s Continued Conundrum for Value Investors
India continues to offer strong long-term potential, with a growing economy and deepening markets, though high valuations remain a key challenge for value investors.
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.
Fixed Income
Global Fixed Income in a Time of U.S. Uncertainty
For decades, U.S Treasuries have been the cornerstone of fixed income portfolios, serving as the global benchmark for safety and liquidity.
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.
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.