The full article is only available to subscribers
If you’re new to Tell Media Group, create an account first.
Read more about our membershipsJapan: The anchor is lifting
For decades, Japan has acted as a quiet anchor for global interest rates. Extremely low domestic yields, large capital outflows and persistent demand for long-duration assets have helped suppress both risk-free rates and term premia worldwide. That anchor is now changing, with potential implications for long-term portfolio construction.
The large and broadly similar movements in global interest rates following the Iran conflict have partly shifted attention away from more structural forces shaping global markets. One such force, often overlooked, is the gradual weakening of Japan’s role as a global anchor for interest rates. Japan’s current economic path suggests that the long period of stagnation is gradually coming to an end. Demographic developments have led to labour shortages, forcing firms to adopt more dynamic strategies and improved governance. Wage growth has picked up meaningfully in recent years, with annual wage settlements exceeding 5 percent and base salary increases reaching
The challenges and excitement of managing emerging market equities
2026-05-21
Thomas Wilson, head of emerging market equities at Schroders, talks about their process and philosophy, getting the big four right and investment opportunities beyond the AI tech cycle.
Discussing trends in manager selection
2026-04-29
At the end of April, Tell Media Group hosted its 19th annual Nordic Fund Selection Forum in Stockholm where Ahmed Mohamoud from bfinance and Johanna Juujärvi from Finnish Aktia shared their thoughts on trends in...
Understanding the hidden costs of indexing
2026-04-21
Jim Whittington, a senior portfolio manager and vice president at Dimensional Fund Advisors, will join the annual Nordic Fund Selection Forum in Stockholm on April 23. Here he explores why investors should consider a systematic...
The market will start to differentiate between winners and losers
2026-04-16
Jack Stephenson, a US high yield investment specialist at BNP Paribas Asset Management, will join the annual Nordic Fund Selection Forum in Stockholm on April 23. Here he talks, among other things, about the three...
Finding AI winners outside of tech
2026-04-15
Ben Rogoff, a partner in the technology team at Polar Capital, will join the annual Nordic Fund Selection Forum in Stockholm on April 23. In an interview with Tell Media Group he talks about the...
Discussing the growth of private equity secondaries
2026-04-08
George Szemere, head of private markets EMEA wealth at Franklin Templeton, will join the annual Nordic Fund Selection Forum in Stockholm on April 23. Together with colleagues from Lexington Partners, he will focus on private...
Focus on the Nordics for expanding French asset manager
2026-05-21
IVO Capital Partners, an independent asset management firm specialising in international bond markets, today announces the appointment of Mounji Boulahdour as Sales Director, Nordics. He was previously Sales Director for the Nordic region at Allspring...
Being patient enough as a fund selector, while avoiding complacency
2026-05-05
Jonatan Lehtinen, portfolio & fund selection manager at Finnish CapMan Wealth, talks about the investment categories they’ve focused on recently to be well placed for market rotations as well as the importance of balancing patience...
A journey to becoming a solution provider
2026-04-20
Andreas Uller, CEO of Carnegie Fonder, talks about the benefits of participating in the FTN procurement, company culture and the impact of industry consolidation.
Private credit and other alternative fixed income opportunities
2026-04-15
Earlier this year, Tell Media Group together with Barings, Lazard Asset Management, Morgan Stanley Investment Management and RBC BlueBay Asset Management gathered Swedish investors for a discussion on opportunities and challenges in alternative fixed income.