Q&A with Nick Grace

Q&A with Nick Grace

🕔19:30, 31.Jul 2019

Investment Insights  20 years of investing in developing economies Principal investment officer for the Capital Group New World strategy, Nick Grace, reflects on the changing landscape of emerging markets and how the strategy is positioned to capture these opportunities. The

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Central Banks are Under Assault

Central Banks are Under Assault

🕔18:51, 31.Jul 2019

Aerial View Magazine Conventional wisdom, supported by nearly a century of economic history, indicates that independent control over monetary policy—insulated from the direct interference and control of political leaders—delivers better economic outcomes. Recently, however, that independence has been threatened, as

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The intelligence that guides our investment decisions

The intelligence that guides our investment decisions

🕔17:28, 31.Jul 2019

House View Q3 2019   Prepare for the worst, hope for the best The outlook for the global economy has deteriorated over recent months. Despite a somewhat more positive start to the year than expected, with growth in both the United

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Global Perspectives

Global Perspectives

🕔17:09, 31.Jul 2019

Global Perspectives The global economy has now entered the longest expansionary phase on record and yet we believe that there is still further to go. A recession is inevitable at some point; however, the current market conditions do not suggest

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Our 12-Month Economic & Market Outlook

Our 12-Month Economic & Market Outlook

🕔16:09, 31.Jul 2019

From a trade dispute to a trade war. And back? The U.S.-China dispute weighs on our strategic outlook, even though its initial economic impact is small.  In April, the market hoped for a resolution. Instead, the U.S.-Chinese trade dispute has

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Stronger portfolios for turbulent times

Stronger portfolios for turbulent times

🕔14:59, 31.Jul 2019

Mid-year outlook Financial markets have had a turbulent six months. They began 2019 by rebounding strongly from the severe late-2018 sell-off. In May 2019, however, the escalating US-China trade war and renewed slowdown fears caused them to surrender some of

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QMA Q3 2019 Outlook and Review

QMA Q3 2019 Outlook and Review

🕔13:54, 31.Jul 2019

Outlook and Review Central Banks Counter Rising Geopolitical Risk with a Healthy Dose of Liquidity Economic Outlook Global growth conditions are currently among the weakest since the financial crisis, and leading indicators show no signs of a turnaround yet (Chart

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Investment Survival After a Rate Collapse

Investment Survival After a Rate Collapse

🕔12:50, 31.Jul 2019

Quarterly Outlook Fixed Income Overview PGIM Fixed Income  Third Quarter 2019 Outlook Page | 2 While record highs on the major equity indices make for good headlines, the year-to-date returns posted by several fixed income sectors are impressive in

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Central Banks Fuel Markets: Illusion vs Reality

Central Banks Fuel Markets: Illusion vs Reality

🕔11:45, 31.Jul 2019

Cross Asset – Investment Strategy CIO views: The journey from market complacency to awareness of fragilities is in full swing, and the market correction in May is part of that, as is the recent recovery fuelled by dovish Central Banks

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The signals and the noise

The signals and the noise

🕔10:41, 31.Jul 2019

Following the recent rally, we have dialled down our tactical equity exposure to neutral from positive, in light of market expectations for central bank action and the still-simmering trade war 

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Testing new records

Testing new records

🕔09:37, 31.Jul 2019

Financial markets have been enjoying a record-breaking run of late. The tide that lifted all boats was the new wave of ultra-accommodative monetary policy, at this stage announced but not yet delivered. The conviction that central banks (CBs) will step

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Agri Grains Insights

Agri Grains Insights

🕔08:33, 31.Jul 2019

So far this year, the difference between the highest and the lowest corn price is 24%. For the wheat price this is 22% while for soybeans the gap is 15%. This indicates that the grain markets have witnessed a turbulent

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Why should you own government bonds?

Why should you own government bonds?

🕔07:46, 31.Jul 2019

Mike explains the importance of government bonds in building portfolio resilience and share tips on how to do so. We see raising portfolio resilience as a key theme for investors – not only for this year but over a long

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Market Flash : Central Banks Remain In Focus

Market Flash : Central Banks Remain In Focus

🕔07:26, 31.Jul 2019

Central banks once again remained centre stage. Judging from falls in the euro and European sovereign bond yields, investors were clearly expecting big developments over the week. And yet the ECB meeting raised more questions than answers. True, the ECB

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The Tug-Of-War Between Earnings Per Share And P/Es

The Tug-Of-War Between Earnings Per Share And P/Es

🕔20:00, 30.Jul 2019

A tug-of-war is currently going on in equity markets, between deteriorating earnings fundamentals on one side and expanding valuations—what investors are willing to pay for those earnings—on the other. For the time being, valuations are winning and markets are grinding

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Macro Weekly: “Worse and worse”

Macro Weekly: “Worse and worse”

🕔18:56, 30.Jul 2019

Business confidence in manufacturing falls further, almost everywhere Eurozone heading for stagnation (or worse?) ECB to provide fresh stimulus in September

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Economic Update

Economic Update

🕔17:56, 30.Jul 2019

The first estimate for 2Q19 real GDP growth came in at 2.1%, a little stronger than the consensus expectation of 1.9%. Real government spending, which grew at 5% annualized in the second quarter, and real consumer spending, which grew at

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Climate Progress Dashboard: new emissions pledges fail to change outlook

Climate Progress Dashboard: new emissions pledges fail to change outlook

🕔16:51, 30.Jul 2019

A pick-up in renewable energy capacity moves the dial in the right direction, but this is cancelled out by increased fossil fuel production and continued growth in reserves. 

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We see government bonds retaining their crucial role as portfolio ballast, even after their yields have plunged

We see government bonds retaining their crucial role as portfolio ballast, even after their yields have plunged

🕔15:41, 30.Jul 2019

Raising resilience is one of our three investment themes for the remainder of 2019 and beyond. The ability of a portfolio to withstand a variety of adverse conditions is crucial, particularly in a time of elevated macro uncertainty. Bonds’ role

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Market Insights

🕔14:40, 30.Jul 2019

This is a promotional website and is intended to report solely on investment strategies and opportunities identified by J.P. Morgan Asset Management and as such the views contained herein are not to be taken as advice or a recommendation to

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Value Is Dead, Long Live Value

Value Is Dead, Long Live Value

🕔11:55, 30.Jul 2019

Value has underperformed since the beginning of 2007. Another prolonged period of underperformance for Book-to-Price and Earnings-to-Price happened between 1926 and 1941. This paper offers a theory for the connection between the two periods: they coincide with the central turning

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Growing Valuation Gap For Growth Stocks

Growing Valuation Gap For Growth Stocks

🕔11:03, 30.Jul 2019

Growth stocks continue to grow, value stocks continue to gain value, if this is defined as a discount to the market. This cannot go on forever. But still may for a while.

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On the Minds of Investors

🕔10:25, 30.Jul 2019

On the Minds of Investors – J.P. Morgan Institutional Asset Management Skip Nav close You are about to leave the J.P. Morgan Institutional Asset Management site  Please click below to continue or select the exit option on the right to

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France: the reform momentum stays alive after the Yellow Vest crisis

France: the reform momentum stays alive after the Yellow Vest crisis

🕔09:58, 30.Jul 2019

During the first 18 months of his presidential term, Emmanuel Macron has put through a highly ambitious set of reforms inspired by supply-side economics and the Nordic flexicurity model. While the biggest accomplishments have been in taxation and the job

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Guess who’s driving the muni rally?

Guess who’s driving the muni rally?

🕔08:39, 30.Jul 2019

Municipal bonds have seen record flows in 2019. Martin talks to head of BlackRock’s municipal strategy about some of the reasons why. Martin: Sean, first set the stage for us. Munis have been on a tear this year. What’s behind

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Why the central banks backstop is working

Why the central banks backstop is working

🕔07:25, 30.Jul 2019

Russ discusses how central banks once again have investors’ backs. The global economy continues to struggle with sluggish growth. Trade frictions have not erupted, but nor have they been resolved. Iran just seized a British tanker and BlackRock’s Global Index

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Bitcoin 2019 Investor Study

Bitcoin 2019 Investor Study

🕔16:04, 29.Jul 2019

More Than a Third of U.S. Investors Are Interested in Bitcoin: Contrary to the belief that Bitcoin is a niche investment only attractive to a small portion of the investment community, the survey found that more than a third (36%)

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An Introduction to Impact Investing

An Introduction to Impact Investing

🕔14:59, 29.Jul 2019

Interest in impact investing is growing within the asset management industry, but there is still some confusion about it. We view impact investing’s defining feature as the explicit intention to generate positive, measurable social and environmental outcomes alongside a financial

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Late Cycle Investing: How to Position and Protect Portfolios Within Leveraged Finance

Late Cycle Investing: How to Position and Protect Portfolios Within Leveraged Finance

🕔13:55, 29.Jul 2019

Leveraged finance markets continue to provide active managers with compelling opportunities to generate alpha. Here, we offer our views on how to use security selection and sector allocations to enhance a portfolio’s outperformance potential, while defending against the risks ahead.

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Brexit and ETF Migration Countdown to March 2021

Brexit and ETF Migration Countdown to March 2021

🕔12:50, 29.Jul 2019

The value of ETFs issued globally was almost €5 trillion at the end of 2018—making them one of the greatest success stories in the investment world in recent decades. Although the US still dominates the ETF market, 15% of global

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What will FOMC tell markets?

What will FOMC tell markets?

🕔11:45, 29.Jul 2019

Next week's meeting of the Federal Reserve's interest rate setting body (FOMC) will be the main focus of markets. In line with the majority of market participants, we expect a rate cut of 25 basis points. Fed Chairman Jerome Powell's

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The ECB Survey of Professional Forecasters (SPF) – Third quarter of 2019

The ECB Survey of Professional Forecasters (SPF) – Third quarter of 2019

🕔10:41, 29.Jul 2019

The results of the ECB Survey of Professional Forecasters (SPF) for the third quarter of 2019 show HICP inflation expectations of 1.3%, 1.4% and 1.5% for 2019, 2020 and 2021, respectively.1 This represents downward revisions of 0.1 percentage points for

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Strategic Sector Selector The moment before the penalty kick

Strategic Sector Selector The moment before the penalty kick

🕔09:41, 29.Jul 2019

US and European equity markets continued upward during the second quarter of 2019, albeit at a more moderate pace. Expectations of monetary easing by major central banks provided a short-term boost but leaves us with little visibility of what comes

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Climate change, a global challenge

Climate change, a global challenge

🕔08:31, 29.Jul 2019

Climate change is a global development that will impact governments as well as the corporate sector and the public, both at a global and a local level. Climate change, therefore, is an essential aspect of responsible and sustainable investing. This

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Bond ETFs are feeling the flow

Bond ETFs are feeling the flow

🕔07:34, 29.Jul 2019

Now at $1 trillion, bond ETFs are a blockbuster innovation that offer potential benefits to all investors It was a suburban teenage conundrum. I’d bike to Blockbuster Video only to find the much-coveted new releases out of stock. What to

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How do Central Banks Invest? Embracing Risk in Official Reserves

How do Central Banks Invest? Embracing Risk in Official Reserves

🕔18:00, 26.Jul 2019

This is an update to the 2017 SSGA study of central bank asset allocation.1 In contrast to the last study which focused on the allocation of excess reserves (i.e. the investment tranche) exclusively, this study reviews the entire reserve portfolio.

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Real Assets Outlook

Real Assets Outlook

🕔17:53, 26.Jul 2019

Real Assets Outlook Deflation concerns weigh more on the minds of investors than inflation Inflation fears have been subdued in the market over the past year. Both core CPI and headline CPI have been declining over the past nine months

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Invesco Global Sovereign Asset Management Study 2019

Invesco Global Sovereign Asset Management Study 2019

🕔17:52, 26.Jul 2019

I am delighted to welcome you to our seventh annual study of sovereign investors. The scale and shape of this study has grown over time and now represents the views and opinions of 139 chief investment officers, heads of asset

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Government Pension Fund Global Annual report – Norway

Government Pension Fund Global Annual report – Norway

🕔17:50, 26.Jul 2019

The investments in the Government Pension Fund Global returned -6.1 percent in 2018, which is 0.3 percentage point less than the return on the benchmark index the fund is measured against. Although performance was weak in 2018, the longterm return

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Sustainable Companies For A Better Portfolio

Sustainable Companies For A Better Portfolio

🕔17:39, 26.Jul 2019

 Using Quality And Esg To Potentially Enhance Returns By integrating environmental, social and governance (ESG) factors into their portfolios, investors are increasingly recognizing they can go beyond conventional financial criteria and invest in companies whose emphasis on corporate citizenship matches

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BP Statistical Review of World Energy 2019

BP Statistical Review of World Energy 2019

🕔17:36, 26.Jul 2019

Welcome to the BP Statistical Review of World Energy, which records the events of 2018: a year in which there was a growing divide between societal demands for an accelerated transition to a low carbon energy system and the actual

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Marktvooruitzichten Voor Het Tweede Halfjaar Van 2019

Marktvooruitzichten Voor Het Tweede Halfjaar Van 2019

🕔17:28, 26.Jul 2019

Wereldwijde groei zou moeten aantrekken als de handelsgeschillen niet verergeren. Dalende obligatierendementen wijzen op een omslag in de monetaire verwachtingen.

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Private markets come of age: McKinsey Global Private Markets Review 2019

Private markets come of age: McKinsey Global Private Markets Review 2019

🕔17:22, 26.Jul 2019

Welcome to the 2019 edition of McKinsey’s annual review of private investing. Our research on the industry’s dynamics and performance in 2018 turned up several critical insights, including these trends:  Private markets are going mainstream. Private equity’s net asset value

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Beleggen in een 50/50-wereld

Beleggen in een 50/50-wereld

🕔17:08, 26.Jul 2019

Welkom in een nieuwe wereld. Er is nog steeds geen handelsdeal en de winstherzieningen zijn verslechterd. Bovendien zijn centrale banken over de hele wereld nu nog milder dan in het vorige kwartaal. Onze vooruitzichten voor ontwikkelde markten blijven neutraal en

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Debt ceiling and the Fed pressure Treasury yields lower

Debt ceiling and the Fed pressure Treasury yields lower

🕔16:04, 26.Jul 2019

U.S. Treasury yields declined slightly last week, led by longer maturities. Concerns over the impending debt ceiling debate spurred demand for high quality securities like Treasuries. The market is pricing in 100% certainty that the Federal Reserve (Fed) will cut

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Valuation Metrics In Emerging Debt

Valuation Metrics In Emerging Debt

🕔14:59, 26.Jul 2019

It has been a very strong year for emerging external sovereign and local currency bond markets. Sovereign credit spreads have fallen, emerging currencies have risen against the U.S. dollar, and local bond markets have also rallied. The EMBIG index is

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Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets

Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets

🕔13:51, 26.Jul 2019

Kelly Shue’s research challenges the conventional wisdom that size is the fundamental determinant of volatility and offers investors a window on an under-appreciated driver of asset price movements. 

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Prevent horizon: US sidesteps recession for now

Prevent horizon: US sidesteps recession for now

🕔12:50, 26.Jul 2019

US economic vulnerability in need of modest support The US economy has unsurprisingly kept slowing down following 2018’s fiscal-fuelled 12-year record-high growth. With US/China trade tensions easing a notch at the Osaka G20 Summit in late June, monthly “hard” data

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Ultra dovish Central Banks put fixed income investing back to the core

Ultra dovish Central Banks put fixed income investing back to the core

🕔11:45, 26.Jul 2019

A slowdown in global growth, with subdued inflation and dovish central banks (CB) committed to avoiding further economic deceleration, is a trend that, in our view, should remain favourable for bond investors. On one side, this should limit the upside

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ECB to loosen monetary policy in September

ECB to loosen monetary policy in September

🕔10:41, 26.Jul 2019

At the Governing Council meeting, which ended today, the changes were limited, but the markets were prepared for a host of measures at the September meeting. First, the ECB opened the door to a rate cut. The interest rate outlook

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