Blackstone President and COO Jon Gray talks about the post-COVID environment, maintaining investment discipline as business scales up, the appropriate level of return in a near-zero interest rate environment and what keeps Jon up at night.
While we acknowledge the impact to economic activity from the rise of the Covid-19 Delta variant, underlying activity remains robust, whilst the desire for a return to "normal" remains as strong as ever.
As cyber threats follow enterprises into the cloud, two key software markets are set to converge into a single discipline for more effective threat prevention, detection and response. A look at the opportunities for investors.
Given the substantial increase in the money supply in the US in recent years, concerns over its impact on inflation are understandable. We delve more deeply into this connection and find cause and effect is not quite that straight-forward.
Can U.S. utilities truly reach net-zero carbon emissions? Duke Energy CEO Lynn Good sits down with Morgan Stanley’s Stephen Byrd to discuss the future of clean power and the technologies that could get us there.
Disrupting a playbook that has worked successfully for a 100 years isn’t without challenges. In this episode, Honeywell CEO Darius Adamczyk sits down with Morgan Stanley’s Katy Huberty to discuss Honeywell’s marriage of industrial hardware and 21st century tech.
The economics of taste is a known factor in the art market, but it can also be a challenge within families as privately-owned art and collectibles pass between generations. Here are some key estate planning considerations for avid collectors and their families.
How do we make an orderly transition to clean energy with billions of legacy vehicles still in use? Ben van Beurden sits down with Martijn Rats, Global Oil Strategist and Head of European Energy Research, to discuss the future of energy.
Surging demand for digital products and services is giving rise to a breed of companies facilitating cloud computing and data automation. Could their consolidated market share rival that of today’s tech blue chips?
Jonathan Gray, President and Chief Operating Officer of Blackstone, sits down with equity analyst Michael Cyprys to discuss investing in key disruption themes in energy, life sciences and logistics as well as Blackstone’s approach to innovation and a culture of meritocracy.
Morgan Stanley projects strong global GDP growth of 6.4% for 2021—led first by emerging markets, followed by reopening economies in the U.S. and Europe—in a macro outlook that diverges from the consensus.
The industry landscape is being redefined by rising investor expectations around sustainable mining. Although recent ESG debates have been dominated by the "E" (environmental) like decarbonisation, climate targets, and emissions, the "S" (social) is increasingly in focus.
The COVID-19 pandemic and social distancing have ushered in a new urgency for technology adoption that may last well past the pandemic. A look at how a new focus on digital transformation may signal opportunities for IT Services.
Foreign-policy shifts, global trade, the fate of stimulus and the path of the coronavirus are just a few of the variables that investors should consider as President-elect Joe Biden prepares to take office.
Inflation expectations collapsed as the Great COVID-19 Recession (GCR) began and the demand for goods and services tumbled, but the recession should give way to a new cycle, one in which inflation will likely return.
Transitioning to a sustainable economy is becoming the defining issue of the next cycle for banks. European banks have already committed to roughly €1 trillion of sustainable financing for the economy into 2025.
The internet is upending many consumer-facing business models and brands. The hotel industry is no exception. With COVID-19 also having a profound impact on the travel industry, we question, are hotel brands at risk?
It is estimated that there are currently 2.6 billion gamers across the globe, a roughly twofold increase in just five years. With US$135 billion in annual revenue in 2019, the size of the global video game industry is now larger than global film and music combined.
Our proprietary AlphaWise survey of 1,530 households shows that whilst broad intentions signal an ultimate recovery anticipated by consumers, underlying financial stress is real and caution weighs on the outlook of many.
The US & China aren't decoupling, but are disassociating in key economic areas, with Europe facing a difficult balancing act. This accelerates the trend towards a multipolar world. Morgan Stanley Research identifies key sector trends and implications.
Sheltering in place has brought changes to how we live and work, particularly in the Internet space. As nations address the economic downturn caused by coronavirus, here are five areas of potential disruption online.
Emotions and gut reactions often rule your investment decisions, which can be detrimental to your portfolio and your long-term investment goals. While feeling fear and panic can come naturally during volatile times, you can control how you react to these emotions.
Morgan Stanley Research has revised its assumptions on the timing of the normalisation of US economic activity. After a 38% annualised drop in growth in the second quarter, a shallower rebound in the third quarter is predicted, with activity returning to its pre-virus level at the end of 2021.
An increase in market volatility can create a challenging environment for investors and more specifically, the wider superannuation industry. Many people start to wonder, how does this affect my super?
Michael Wilson, Morgan Stanley’s Chief U.S. Equity Strategist & Chief Investment Officer explains why corporate inequality is unsustainable and potentially a bigger risk to the economy and markets than the issue of individual income inequality.
The world economy continues to decelerate, primarily due to ongoing trade tensions. However, Morgan Stanley Research anticipates that a coming trade deal between the US and China, as well as continued easy monetary conditions, could drive a modest rebound in economic activity in the second half of 2020.
As environmental, social and governance (ESG) factors become more broadly incorporated into investment decision-making, sovereign fixed income investors are grappling with the best way to benchmark and quantify these factors across a diverse group of countries.
The auto industry is critically important for the global economy, but it has seen a disruptive slide: global registrations, demand and production have slumped. The decline in passenger car demand seems to be persistent and independent of trade tariffs.
There is now around US$15 trillion of debt worldwide with a negative yield to maturity. While there has been debt with negative yield since 2014, the value of negative yielding debt has more than doubled in the last year. This is new territory for financial markets.
By 2030, Morgan Stanley forecasts the average size of China's five supercities will reach 120 million and the country’s urbanisation rate will rise to 75% driven by three initiatives – city clusters, smart cities and agricultural modernisation.
Why an expansion of beauty routines and influencer marketing on social media could drive China's share of the global beauty market to increase by 66% over the next five years, according to a new report.
Trade tensions, political uncertainty and softening global growth are contributing to a volatile market. While the future is uncertain, diversification helps to manage risk and reduce the impact in the event of a significant market dislocation.
Consumers continue to spend more time with new media, digital and mobile, and less time with old media, print, TV and radio. Is industry consolidation the answer to compete with global media and technology companies?
The NBN (National Broadband Network) is approaching completion in 2020 after a 10 year rollout, allowing Australians to get more out of their internet experience. However, during this period, mobile broadband technology has accelerated, which poses a question whether fixed wireless could be a substitute product for the NBN.
Amid rising interest in South Korean culture, global consumers are embracing everything from TV shows to K-pop. Now, they’re adding K-food to the list, as overseas interest spreads the flavours of the peninsula nation.
A wave of capital investment is coming for the natural gas industry, driven by the major global oil and gas companies. However, there is a risk of oversupply if too many projects are approved and we face a demand shortfall.
To a significant extent, successful investing in today’s markets means identifying, mapping and harnessing disruptive forces. No market is immune. From technology to transport; media to mining, disruption is simultaneously driving and destroying value.
At Morgan Stanley’s recent Australia Summit, we spoke to two well-known advocates for investing in disruptive innovation and asked them what investors should keep in mind when building these themes into their portfolios.
At Morgan Stanley’s recent Australia Summit, Catherine Wood, CEO and CIO at ARK Investment Management, identified the major innovation platforms and technology breakthroughs that she believes present significant opportunities for long-term growth investors.
Scott Helfstein, Global Co-Head of Market Research and Strategy and Head of Thematic Portfolios, spoke at our recent Australia Summit and outlined how he approaches thematic investing from a wealth management perspective. He identified eight key themes which he believes have enormous disruptive potential and therefore present compelling investment opportunities.
In today’s environment of increasing market and geopolitical volatility, you may be thinking about how to navigate the current economic waters. And you may be wondering how professional investors are positioning their portfolios for the year ahead.
Over the years, you may have heard investment pundits murmuring that the rapid growth in the ETF market could possibly foreshadow a collapse akin to an apocalypse. In this article, we dispel five common myths about ETFs.
In a new BluePaper, Morgan Stanley Research says autonomous urban aircraft may no longer be the stuff of comic books. Accelerating tech advances and investment could create a $1.5 trillion market by 2040.
The concept of Quantum Computing is unfamiliar to many of us, but its impact on a vast array of sectors could deliver benefits that propel research and development into a new era of productivity and growth.
Artificial Intelligence, Internet of Things and Augmented Reality are about to reinvent how industries utilise data—and could drive an era of productivity growth in our cities, farms, factories and hospitals.