White papers
Listed below are a range of thought pieces and white papers written by investment experts within GSFM or our investment partners.
GSFM
GSFM’s investment strategist Stephen Miller has penned a range of Investment Perspectives, available as follows:
| Published | Title | Download |
| May 2021 | Is the Fed fighting the last inflation war? | [ View PDF |
| May 2021 | On the dismal science of currency forecasting | [ View PDF |
| April 2021 | It’s not all about interest rates | [ View PDF |
| January 2021 | A (policy) bridge over troubled water or a bridge too far? | [ View PDF |
| October 2020 | From monetary policy to fiscal rehab and beyond | [ View PDF |
| October 2020 | The inflation wolf at the door? | [ View PDF |
| September 2020 | We’re all fiscalists now | [ View PDF |
| July 2020 | Gold’s defensive appeal shines as market risks mount | [ View PDF |
| April 2020 | Malign or benign? Two paths for government and economy post-crisis | [ View PDF |
| March 2020 | It’s a supply shock stupid! | [ View PDF |
| October 2019 | Beware: policy swings like a pendulum too | [ View PDF |
| July 2019 | Every silver cloud has a dark lining | [ View PDF |
| March 2019 | Who’s afraid of the big bad yield curve? | [ View PDF |
| August 2018 | The bond market’s new pessimism | [ View PDF |
| July 2018 | The boy who cried wolf was right in the end | [ View PDF |
| June 2018 | Is good news bad? | [ View PDF |
| April 2018 | Bad beta | [ View PDF |
| March 2018 | The old normal and the president | [ View PDF |
| February 2018 | Back to the future – the ‘old normal’ | [ View PDF |
Epoch Investment Partners
Epoch produces a range of in-depth white papers and insights on capital markets and investment-related topics, particularly as they relate to the global equity shareholder yield strategy employed by Epoch.
| Published | Title | Download |
| June 2019 | Blitzscale and hope: unicorns, IPOs and the fear of repeating the late 1990s | [ View PDF |
| June 2019 | The PE ratio – a user’s manual | [ View PDF |
| December 2018 | Trump, tech and trade | [ View PDF |
| September 2018 | Is e-commerce a bubble? | [ View PDF |
| July 2018 | The return of price discovery | [ View PDF |
| April 2018 | The limits of theory | [ View PDF |
| January 2018 | Tech is the new macro III: When ‘bits’ meet ‘atoms’ | [ View PDF |
| December 2017 | The winds of change | [ View PDF |
| December 2017 | What do we mean when we talk about value? | [ View PDF |
| August 2017 | Tech is the new macro II: Implications for labour markets and productivity | View PDF |
| June 2017 | Tech is the new macro I: Impacting all three components of return on equity | [ View PDF |
| May 2017 | The impact of passive investing on market efficiency | [ View PDF |
| February 2017 | Trump and trade: what are the risks? | [ View PDF |
