Research and Insights
Articles by Maraz Aniko
Stress testing US-China trade warsBlog | Oct 22, 2019 |
Amid ongoing U.S.-China trade tension, we have updated our stress test to consider three scenarios for how the situation could unfold — and their impact on currency, bond and equity markets around the world.
Stress testing Brexit: Deal or no deal?Blog | Oct 9, 2019 |
Brexit has roiled markets since U.K. voters chose “leave” in the June 2016 referendum. We used our stress-testing model to examine how markets could react to deal and no-deal scenarios.
Home bias in fixed income: Has it helped or hurt?Blog | Jul 29, 2019 |
Has global diversification historically helped reduce risk in the fixed-income portfolios of U.S. defined-benefit (DB) pension plans? Our backtests show that globalizing bond allocations would have increased risk measured relative to a liability benchmark. For such plans, home bias in bond portfolios would have reduced active risk over the period of our study.