The macro environment in Q3 (and for much of 2018) has been dominated by policy divergence: whereas fiscal stimulus buoyed the U.S., Chinese growth weakened as a result of the escalation trade war combined with Beijing’s attempts to constrain credit growth. This policy divergence has produced a powerful tailwind for the U.S. dollar and U.S. equities and corresponding headwinds for global equities

... Read more »

In lieu of federal action, the disclosure of climate-related risks has become the subject of broad and current interest within the ESG investment community due to state and international actions. The U.S. Government Accountability Office (GAO), a federal agency that provides non-partisan investigative audits for Congress, recently conducted an analysis of the SEC’s current role in climate-related financial disclosure.  In this study, GAO found that there was significant ambiguity in federal guidance and limited federal guidance on climate-related risk disclosure

... Read more »