Insights

Rising Tides: From Obscure to Critical – Rare Earths Enter a Supercycle

Observations from the IMC Research Process - Prices of rare earth elements (REEs) – a group of 17 obscure metals used in everything from EV’s, wind turbines, national defense systems, and consumer electronics - are suddenly acting like oil in the 1970’s. Geopolitically charged, price-spiking, and strategically indispensable.

Rising Tides: The Year’s Unlikeliest Rally

Observations from the IMC Research Process - In a year defined by trillion-dollar AI narratives, it’s a 150-year-old German lender that’s quietly up over 100%. In this Rising Tide, we cover why European banks have gone from serial underperformers to market leaders.

Rising Tides: AI’s Cooling Crisis

Observations from the IMC Research Process - Global cooling specialists are stepping up to keep the AI boom from overheating - literally. The next generation of winners may not be chipmakers, but the companies keeping them from melting down.

Rising Tides: Stablecoins Are Eating Finance

Observations from the IMC Research Process - Stablecoins have gone from a niche crypto tool to a $250B market, threatening a revolution in payments and traditional finance infrastructure.

Rising Tides: Kidults

Observations from the IMC Research Process - Adults are the fastest growing demographic for the $100B+ global toy market - fueling the blind-box craze and reshaping the global toy and collectibles market.

Rising Tides: War Time Rally

Observations from the IMC Research Process - Despite an active war and regional instability, Israeli equities are making new all-time highs, Israeli GDP is booming, and investors are piling in.

Rising Tides: Repricing the Korean Discount

Observations from the IMC Research Process - Post-election optimism is igniting a broad-based rally in Korean equities, raising hopes of a long-awaited market renaissance.

Rising Tides: Drones Are Taking Off

Observations from the IMC Research Process - The global drone market is set to more than double by 2030, surging from $73B to $163B.

Short-Term Volatility, Long-Term Momentum

Tune in for timely insights and a forward-looking perspective.

Hear from CIO Travis Prentice how we’re navigating current market volatility – and where we’re finding momentum opportunities so far in 2025.

The Market’s Best-Kept Secret

CIO Travis Prentice is featured on the Excess Returns podcast to discuss all things momentum investing.

  • Building real-world momentum portfolios
  • Concentration and managing risk
  • Rebalancing strategies
  • Momentum and other factors

Momentum has let off some steam this quarter

Relative to history, the scale of the pullback looks typical, yet happened at a quicker pace than most. However, coming out of these corrections, momentum typically performs well.

Rethinking Emerging Markets

Emerging markets have significantly lagged among global equities in the last several years. However, viewing the asset class through a wider lens, we see a very different picture. In this paper, we shine light on three key reasons to consider an allocation to emerging markets small cap to offset unintended risks and improve outcomes in a global portfolio.

Where do we go from here?

According to Axioma, the momentum factor just posted one of its best quarters on record in Q1 2024 in global equity markets.

The Case for Global Small Cap Equities

In this analysis, we explore the benefits of a dedicated allocation to global small cap equities. We discuss what factors have contributed to active managers’ consistent success over time and conclude with what style exposures have historically worked best in the global small cap universe.

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