We have seen a surfeit of commentary and analysis in recent years, including from ourselves, on the rise of passive investing and about the handful of mega-cap stocks that have thrived during a zero to low interest rate environment and driven a significant proportion of the gains in passive broad-market indices. After years of loose monetary policy, rates normalised in 2023 and resilience in recent economic data suggests companies should get used to an environment of higher rates for longer. In this context, we are interested to explore the relationship between the interest rate cycle and equity return drivers, and the potential future implications for equity investors.
Read Man Institute’s Views From The Floor
