Global Investor Study Beleggersgedrag: hebben mensen controle over hun persoonlijke financiën?

Global Investor Study Beleggersgedrag: hebben mensen controle over hun persoonlijke financiën?

🕔18:49, 30.Sep 2019

Inzicht in persoonlijke gedragsneigingen en motieven is belangrijk om de juiste beleggingsbeslissingen te nemen. Mensen die beleggen moeten keer op keer beslissen welke beleggingen ze moeten kiezen, elk met unieke risico’s en potentiële rendementskansen. In de Global Investor Survey 2019

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Global Asset Allocation: The View From Emea

Global Asset Allocation: The View From Emea

🕔18:41, 30.Sep 2019

Shop Till the Economy Drops. Amid continued manufacturing weakness and a slowing economy, the U.S. consumer appears unfazed as spending (which accounts for more than two‑thirds of U.S. economic activity) grew at its fastest rate since 2014. The consumer has

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Using artificial intelligence to power the retirement savings plan of the future

Using artificial intelligence to power the retirement savings plan of the future

🕔18:29, 30.Sep 2019

Who Should Read this White Paper and Why? Trustees, plan sponsors and other responsible parties associated with oversight for retirement savings plans seeking to understand how innovation-and specifically artificial intelligence (AI) – can be used to improve plan design, increase

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ETF insights | Measuring ETF impact on financial markets

ETF insights | Measuring ETF impact on financial markets

🕔18:25, 30.Sep 2019

Why using ESG helps you build better portfolios Increasingly, investors are integrating ESG considerations into their portfolios. However, there’s still a widespread belief that investing sustainably means giving up on potential returns. In this paper, we focus on the role

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Discover Material Insights with S&P DJI ESG Data

Discover Material Insights with S&P DJI ESG Data

🕔18:25, 30.Sep 2019

A quarter of all professionally managed assets now incorporate environmental, social, and governance (ESG) considerations, 1 from the impact of climate change to equality and human rights. The rich history of S&P Dow Jones Indices (S&P DJI) in this area

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Seek high yield opportunities, but be aware of liquidity conditions

Seek high yield opportunities, but be aware of liquidity conditions

🕔18:24, 30.Sep 2019

Investment Insights Blue Paper The backdrop for global high yield Theme 1: Central bank dovishness Speculative grade bonds have been among the major benefi ciaries of the rapid turn of both Fed and ECB monetary policy stances to much more

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Assessing the value of advice

Assessing the value of advice

🕔18:23, 30.Sep 2019

How should we measure the value of financial advisory services to investors? In this paper, we introduce a new three-part framework based on portfolio, financial, and emotional outcomes. We illustrate several aspects of our approach using data from Vanguard Personal

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Why the market gets sustainable investing wrong

Why the market gets sustainable investing wrong

🕔18:16, 30.Sep 2019

When market participants lack, discount, or ignore relevant data, the resulting information gaps create asset mispricing that active managers may exploit to generate alpha for clients. We believe sustainable investing, including environmental, social, and governance (ESG) integration and engagement, impact

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Economic growth continues to downshift

Economic growth continues to downshift

🕔18:10, 30.Sep 2019

Financial markets face an evolving set of macroeconomic headwinds and, against this challenging backdrop, central banks are now offering support through monetary stimulus. Our base case is for continued economic growth, albeit at a slowing pace but we recognize that

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Electric Vehicles in Emerging Markets

Electric Vehicles in Emerging Markets

🕔17:45, 30.Sep 2019

Emerging markets are at an interesting crossroads when it comes to the issue of climate change. As they continue to grow at an accelerating pace, their greenhouse gas (GHG) emissions are rising precipitously, with transport the second biggest contributor. Electric

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How Much Do Fees Affect the Active versus Passive Debate?

How Much Do Fees Affect the Active versus Passive Debate?

🕔16:40, 30.Sep 2019

This report adds institutional accounts to the mutual funds analyzed in the S&P Indices Versus Active (SPIVA) U.S. Scorecards. We also examine the impact of fees. Overall, underperformance among institutional equity accounts was not meaningfully different from that reported for

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Low for longer, but not lower

Low for longer, but not lower

🕔15:35, 30.Sep 2019

Yields are likely to remain low but not fall further. We believe a severe economic downturn would be needed to push them lower still.  Yields are likely to remain low for longer. Central banks have guided the way. Accordingly, we

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Goud wint aan terrein te midden van onzekerheid

Goud wint aan terrein te midden van onzekerheid

🕔14:30, 30.Sep 2019

Onzekerheid troef terwijl de goudprijs recordhoogtes bereikt De handelsspanningen zijn handelsoorlogen geworden en de handelsoorlogen dreigen valuta-oorlogen te worden. Op 26 augustus bereikte de goudprijs zijn hoogste punt in zes jaar: 1.555 USD per ounce. De markten reageerden hiermee op

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From cash to crypto: the money revolution

From cash to crypto: the money revolution

🕔14:08, 30.Sep 2019

Society is roughly equal parts positive, negative and neutral about the future value and use of cryptocurrencies for both investing and spending online. While a clear crypto ‘type’ exists, every-day relevance and demonstrated benefits will be key to turning the

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7-Year Asset Class Real Return Forecasts

7-Year Asset Class Real Return Forecasts

🕔13:05, 30.Sep 2019

7-Year Asset Class Real Return Forecasts7-Year Asset Class Real Return Forecasts

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Value Vs. Growth: the New BuBBle

Value Vs. Growth: the New BuBBle

🕔12:02, 30.Sep 2019

We have been through an extraordinary period of value factor underperformance over the last 18 months. The only comparable periods over the last 30 years are the Tech Bubble and the GFC. Historically, we would expect a very sharp reversal

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Living With Deflation…

Living With Deflation…

🕔10:58, 30.Sep 2019

After a decade, central banks that are still not getting the inflation they crave are reverting to the tools that failed them. QE’s boost to asset prices has become counterproductive – widening disparities, stuttering demand, and stymying inflation. With central

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Targeting sustainable development by closing the loop

Targeting sustainable development by closing the loop

🕔10:04, 30.Sep 2019

  As expected, the US Fed's interest rate decision-making body (FOMC) lowered the range of its key interest rate by 25 basis points to 1.75-2.0%. There were no significant changes in the statement. The good overall economy, coupled with a

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Rate cuts further erode the appeal of cash

Rate cuts further erode the appeal of cash

🕔08:47, 30.Sep 2019

On 18 September the Federal Reserve cut interest rates by 25bps. The rate cut was already priced in by markets. But the FOMC lacks consensus on the path ahead for monetary policy. Less than half of the FOMC participants see

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Stay agile amid high uncertainty

Stay agile amid high uncertainty

🕔07:42, 30.Sep 2019

Over the past few weeks markets have fluctuated between positive news around geopolitics (US-China trade talks, Italy and receding risks of no-deal Brexit) and not so good news around economic data (German recession, US manufacturing and Chinese slowdown). This led

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Toward effective economic policy for the 21st century

Toward effective economic policy for the 21st century

🕔07:24, 30.Sep 2019

Rick Rieder and Russ Brownback highlight their view that effective monetary and fiscal policy in the 21st Century needs to draw not only traditional economic theory, but also from the lessons of finance and other disciplines. We think the evidence

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Fixed Income views Don’t worry, be flexible

Fixed Income views Don’t worry, be flexible

🕔12:51, 27.Sep 2019

Central banks provided the motive force that drove the good returns in developed market equities and bonds since the Great Financial Crisis. Policies that were intended to push against the risks of deflation brought us record low bond yields, negative

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Economic and Strategy Viewpoint September 2019

Economic and Strategy Viewpoint September 2019

🕔11:56, 27.Sep 2019

We are downgrading our forecasts for global growth as a consequence of the recent escalation of the trade wars between the US and China. We now expect 2.6% GDP growth this year and 2.4% next (previously 2.8% and 2.6% respectively).

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The Fed cuts rate, but the market expects more

The Fed cuts rate, but the market expects more

🕔10:47, 27.Sep 2019

The Fed cut rates, but the market expects more: As expected the Federal Reserve lowered its target range for the Federal Funds rate by 25 basis points, and now the market anticipates as many as three more cuts by the

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A new way to think about core alternatives: 5%, 7%, 9%

A new way to think about core alternatives: 5%, 7%, 9%

🕔09:42, 27.Sep 2019

Core fixed income has typically served the role of dampening equity beta while providing a moderate level of income in a portfolio. Income generation, traditionally from bonds, has been essential to well-diversified portfolios—as a source of liquidity and to stabilize

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A Concentrated, Global Easing Cycle; U.S. Repo Stress

A Concentrated, Global Easing Cycle; U.S. Repo Stress

🕔08:32, 27.Sep 2019

Weekly view from the desk As we continue assessing global oil market conditions, key factors we’re monitoring include the restoration of the Saudi Aramco facilities’ capacity vs. actual production, the likelihood that a geopolitical risk premium remains embedded in crude

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Japan: Tax Hike Unlikely To Harm Economy

Japan: Tax Hike Unlikely To Harm Economy

🕔07:32, 27.Sep 2019

After a long struggle, Japan is raising its consumption tax on October 1. Although this will weigh on the economy, we do not believe that it should cause a drastic slump as in 2014.

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Are low-volatility strategies just value investing in disguise?

Are low-volatility strategies just value investing in disguise?

🕔18:06, 26.Sep 2019

Exchange-traded funds (ETFs) focused on low-volatility stocks have been popular with investors worried about global economic uncertainty and equity valuations. Yet it’s important for investors to understand exactly what they’re getting—and not getting—with low-volatility strategies.

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USD: environment continues to support the dollar

USD: environment continues to support the dollar

🕔17:05, 26.Sep 2019

The coming weeks will decide how Brexit will proceed. There are probably now only two alternatives remaining: another postponement of the withdrawal date or withdrawal without an agreement. We expect the second. Once this outcome becomes obvious, the dollar could

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Yields through the looking glass

Yields through the looking glass

🕔15:57, 26.Sep 2019

In June 2014, the European Central Bank (ECB) first introduced a negative deposit interest rate on banks’ excess reserves. Two years later, the 10-year German Bund yield also dipped into negative territory for the first time in its history, partly

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The Fed cuts, but does it cut it?

The Fed cuts, but does it cut it?

🕔14:55, 26.Sep 2019

While the most recent US rate cut was widely expected by markets, there appears to be a lack of consensus among Fed officials as to what happens next. Fidelity Strategic Bond Fund co-managers Tim Foster and Claudio Ferrarese give their

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Comfortable Being Uncomfortable

Comfortable Being Uncomfortable

🕔13:46, 26.Sep 2019

Successful investors are a strange bunch. They can simultaneously hold in their minds multiple competing ideas. It is unusual to find a vivid imagination, nestled in steely analytics, set alongside a deep curiosity for human psychology. There is nature and

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Three ways you can prepare for tougher markets

Three ways you can prepare for tougher markets

🕔12:41, 26.Sep 2019

Economic, market and regulation challenges mean the future is likely to be more dicult than the past. Here are three ways that pension funds can overcome these obstacles.

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The Fed cuts rates again amid low inflation. What’s keeping it down?

The Fed cuts rates again amid low inflation. What’s keeping it down?

🕔11:37, 26.Sep 2019

The Federal Reserve cut interest rates by 25 basis points at its September meeting — the second cut this year. This easy monetary policy is thanks in part to low inflation. But why has inflation remained so low, especially in

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Beyond Peak Passive

Beyond Peak Passive

🕔10:36, 26.Sep 2019

There is little doubt that over the last decade, investors with portfolios including indextracking strategies, have benefited from an environment in which cheap beta has thrived. However, GAM Investments’ Matthew Beesley questions whether the unrelenting appetite for passive investing could

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2019 Global Retirement Index

2019 Global Retirement Index

🕔09:44, 26.Sep 2019

An in-depth assessment of welfare in retirement around the world Ensuring retirement security is a challenge facing every country around the globe. Traditionally, it is a problem viewed through a financial lens with the discussion focused on personal, employer, and

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Remarks on monetary policy

Remarks on monetary policy

🕔08:39, 26.Sep 2019

Philip R. Lane Member of the Executive Board Keynote speech at Bloomberg London 16 September 2019

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Could ‘helicopter money’ help Europe’s economy take flight?

Could ‘helicopter money’ help Europe’s economy take flight?

🕔07:34, 26.Sep 2019

ECB President Mario Draghi made it clear last week that governments need to step up fiscal stimulus. But what if they don’t? While “helicopter money” certainly has its drawbacks, the concept of becoming a "spender of last resort" may be

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3 ideas to help you achieve the income you need

3 ideas to help you achieve the income you need

🕔07:33, 26.Sep 2019

Patrick Nolan offers his top tips to help your money deliver. Nobody likes the unknown, including when it comes to the future value of your money. Retirement planning used to be simple – invest in a portfolio [of bonds?] that

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FOMC remains optimistic, cuts rates and monitors

FOMC remains optimistic, cuts rates and monitors

🕔17:54, 25.Sep 2019

As expected, the US Fed's interest rate decision-making body (FOMC) lowered the range of its key interest rate by 25 basis points to 1.75-2.0%. There were no significant changes in the statement. The good overall economy, coupled with a low

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Pushed into risky assets

Pushed into risky assets

🕔16:46, 25.Sep 2019

The Big Picture The global economy has decelerated but central banks are easing and there are signs/hopes of stabilisation. More importantly, government bond yields are now so low that we are driven to reduce our exposure (to further Underweight), even

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Modern Monetary Theory: are defcit hawks an endangered species?

Modern Monetary Theory: are defcit hawks an endangered species?

🕔15:32, 25.Sep 2019

A once-fringe economic theory has been embraced by liberal politicians at the same time as traditional budget hawks have been in retreat. Its rise has potentially radical implications for infation and investors Decades into an era of declining infation and

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Nieuwe Asset Allocatie Video over Government Bonds

Nieuwe Asset Allocatie Video over Government Bonds

🕔15:03, 25.Sep 2019

Er is weer een nieuwe asset allocatie video beschikbaar, deze maal over Government Bonds. In de grafiek hieronder staat hoe de consensus zich in de tijd heeft ontwikkeld. De consensus over deze asset class is al geruime tijd “underweight”. Gelukkig

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Global effects of China’s balance of payments shift

Global effects of China’s balance of payments shift

🕔14:28, 25.Sep 2019

China’s structural shift and the global repercussions China’s introduction into the World Trade Organisation (WTO) in 2000 started a process which has since had a marked impact on global economies and markets alike. Its increased exposure to the global economy

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Our take on the factor reversal

Our take on the factor reversal

🕔14:08, 25.Sep 2019

A rebound in bond yields has led to a shakeup in equity market factor returns. We prefer defensive factors such as min vol as growth slows. The Fed cut interest rates, but its noncommittal view on the rate outlook suggests

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Good Luck With Timing Ctas Favor Core Allocation

Good Luck With Timing Ctas Favor Core Allocation

🕔12:26, 25.Sep 2019

Timing CTAs is notoriously challenging. Monitoring their exposures provides a useful picture but has rarely been a reliable allocation method. They enjoyed an impressive rally this year, mainly supported by their long bond positions, which fueled high CTAs returns’ auto-correlations.

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The Benchmark that Changed the World: Celebrating 20 Years of The Dow Jones Sustainability Indices

The Benchmark that Changed the World: Celebrating 20 Years of The Dow Jones Sustainability Indices

🕔11:46, 25.Sep 2019

The year 1999 gave the world the euro, The Matrix, and the world’s first ever global sustainability benchmark—the Dow Jones Sustainability Index (DJSI). The product of a landmark collaboration between S&P Dow Jones Indices and SAM1 (now RobecoSAM), the DJSI

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Is the noise becoming signal?

Is the noise becoming signal?

🕔10:59, 25.Sep 2019

Macroeconomic themes and tactical asset allocation opportunities In Investment Solutions, we take a theme-based approach to our multi-asset portfolios. We set out core views or hypotheses about the global economy and express these via sets of cross-asset trade ideas. Our

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Discovering Value In Climate Change Investing

Discovering Value In Climate Change Investing

🕔09:50, 25.Sep 2019

In this paper, we hope to answer two basic questions for investors: Why should investors care about climate change? How does Templeton approach climate-related risks and opportunities? Our main goal is first to demonstrate six climate considerations that have a

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Spotlight on inflation linked gilts

Spotlight on inflation linked gilts

🕔08:46, 25.Sep 2019

Fixed income markets contain a high proportion of investors whose goal of identifying the most attractive relative value is subverted by jurisdictional or self-imposed rules, regulations, and constraints, or is superseded by other non-economic objectives, such as accounting conventions. The

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