for over 40 years
Today in the U.S. we are in the fourth superbubble of the last hundred years. More dangerously, for the first time the U.S. has simultaneous bubbles across all major asset classes. Jeremy Grantham warns that all previous equity superbubbles corrected back to trend after displaying certain characteristics that have already occurred in today’s cycle.
GMO’s inaugural Sustainability and Responsible Investing Report describes our commitment to integrating ESG in our investment processes, what we’re doing to make our company more sustainable, and how we are advancing diversity, equity, and inclusion. We believe success in these critical areas is necessary to improve our clients’ investment outcomes and better our world.
In GMO’s latest Quarterly Letter, Asset Allocation co-head John Thorndike explains the rationale behind our strong preference for non-U.S. stocks despite the stellar performance the U.S. stock market has delivered over the last decade. In the introduction, Ben Inker explains why we are so enamored of this type of historical asset allocation analysis.
GMO has launched an Emerging Markets ex-China equity strategy, an important tool to enable investors to precisely target their China allocation.
Read our research about how GMO’s top-down-oriented EM equity approach – an approach we’ve run since 1993 – adds indispensable alpha in an active EM ex-China strategy. And learn more about the EM ex-China opportunity by watching our topical webcast.
GMO recently hosted our 40th annual conference, where GMO investors presented our latest research on how we are working to capture returns and develop effective investment solutions for our clients.