Sustainable investing: Think long term, act now

Sustainable investing: Think long term, act now

🕔16:28, 31.Mar 2020

A long-term structural shift to sustainable investing is taking place. Jean explains its relevance to today’s investors. It’s easy to lose sight of long-term perspectives amid the extraordinary market moves in recent weeks. We prefer looking beyond short-term volatility and

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How are investors reacting to the 2020 crisis?

How are investors reacting to the 2020 crisis?

🕔14:32, 31.Mar 2020

Snap poll, conducted 19th-20th March 2020  This poll received very high investor participation given the two-day timeframe: 260 investors across 28 countries, with assets estimated to be more than $2.5 trillion. More than half of investors had some equity downside

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It’s Hard to Conjure Animal Spirits From a Wounded Animal

It’s Hard to Conjure Animal Spirits From a Wounded Animal

🕔13:29, 31.Mar 2020

After leaving the US Federal Reserve, former Chairman Ben Bernanke described his mindset during the global financial Crisis in terms of outside-the-box results: “We knew we had to step away from orthodox policies and bring new solutions to the table.

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Asset allocation update: credit upgraded amid fluid and uncertain backdrop

Asset allocation update: credit upgraded amid fluid and uncertain backdrop

🕔13:09, 31.Mar 2020

The ultimate public health costs and economic impact of Covid-19 are at this time unknown. Public health responses have weighed the human cost of intensive care units being overwhelmed and the number of preventable deaths exploding against the jump higher

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Adverse scenario becomes reality

Adverse scenario becomes reality

🕔11:32, 31.Mar 2020

Growth in CEE to dive deeper into negative territory Recent developments have deprived us of optimism and we revise our CEE growth forecast down to -4.7% this year. March PMI indices in Germany and the Eurozone plunged, dragged down by

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2020 – coronavirus reversal and rebound

2020 – coronavirus reversal and rebound

🕔10:55, 31.Mar 2020

Covid-19 is the paramount issue. We expect a sharp economic slowdown in the first half of 2020, followed by a subdued rebound.  The coronavirus is likely to slow down the economy in unprecedented ways. Nonetheless, we expect the epidemic to

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Can the world economy “afford” this scale of fiscal and monetary stimulus?

Can the world economy “afford” this scale of fiscal and monetary stimulus?

🕔09:50, 31.Mar 2020

The measures being announced are more dramatic than they were after the Great Financial Crash The political agreement reached in the Senate on Tuesday night will probably result in a fiscal injection into the US economy worth $2 trillion, which

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The Household Finance and Consumption Survey: Methodological report for the 2017 wave

The Household Finance and Consumption Survey: Methodological report for the 2017 wave

🕔05:36, 31.Mar 2020

Statistics Paper Series The Household Finance and Consumption Survey (HFCS) is a joint project of all of the national central banks of the Eurosystem, the central banks of three EU countries that have not yet adopted the euro, and several

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Eye on the Market: Man vs Nature

Eye on the Market: Man vs Nature

🕔17:01, 30.Mar 2020

Man vs Nature: what the government can and cannot fix There are things the government can try and fix during a pandemic and other things which it can’t. In this note we highlight some of what we have added to

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Middle Market Direct Lending: Benefits of Pursuing Both Sponsored and Non-Sponsored Transac

Middle Market Direct Lending: Benefits of Pursuing Both Sponsored and Non-Sponsored Transac

🕔14:56, 30.Mar 2020

Key Takeaways We believe it is important for investors to understand the differences between sponsored and non-sponsored direct lending approaches. There are advantages and disadvantages to both. As a lender, we think it’s wise to pursue both approaches. Both can

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Cutting to crisis forecasts: 2020e SP500 EPS 125 dollars

Cutting to crisis forecasts: 2020e SP500 EPS 125 dollars

🕔12:47, 30.Mar 2020

An economic crisis of uncertain severity: cut s&p 500 2020 end target to 2750an economic crisis of uncertain severity: cut s&p 500 2020 end target to 2750 We expect a state of emergency in the United States and most of

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Policy to the rescue? How much longer will the financial turmoil continue?

Policy to the rescue? How much longer will the financial turmoil continue?

🕔11:37, 30.Mar 2020

The daily whipsaw of financial market volatility continues as investors struggle to determine just how bad the economy will get and how long it will take to emerge from the still-growing coronavirus pandemic. As Nuveen’s Global Investment Committee points out,

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The Discount Factor

The Discount Factor

🕔09:32, 30.Mar 2020

Our global house view in the wake of covid-19 The covid-19 crisis will generate a succession of economic shocks stretched over time and space, resulting in a global recession comparable, in some respects, to what was experienced in 2009. Our

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Global Market Outlook – Q2 update

Global Market Outlook – Q2 update

🕔08:28, 30.Mar 2020

Cycle, Further, Interrupted. The COVID-19 virus has stalled the mini-cycle rebound and made a global recession likely. While the duration of the virus pandemic is unpredictable, policy stimulus, pent-up demand and a lack of major imbalances argue for a solid

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Preparing the recovery

Preparing the recovery

🕔08:03, 30.Mar 2020

Monthly Investment Strategy Global recession is unavoidable – it does not need to be protracted The extension of the covid-19 pandemic is forcing a growing number of countries into “lockdowns”, which will have a very significant impact on economic activity

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What’s needed now: patience and perspective

What’s needed now: patience and perspective

🕔07:25, 30.Mar 2020

Russ discusses the importance of keeping perspective as we face an unprecedented crisis. “The habit of despair is worse than despair itself” Albert Camus There is no precedent, at least not in modern times, for what is happening. Beyond the

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Whatever They’ve Got

Whatever They’ve Got

🕔06:59, 30.Mar 2020

Investment Strategy Commentary Whatever they've got – The Monetary, Fiscal & Health Policy Response The sudden stop in the global economy due to the spread of the coronavirus requires an aggressive response from monetary, fiscal and health authorities. We saw

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Are markets too optimistic?

Are markets too optimistic?

🕔05:59, 30.Mar 2020

Focus: Markets, stimulus packages, Eurozone inflation This week brought massive gains on the stock markets and yield premiums on the interest rate markets fell for the riskier investments. Spreads on Italian government bonds also fell. The markets have thus reacted

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Week #13 – Top Five Best Read Research on OpinioPro

Week #13 – Top Five Best Read Research on OpinioPro

🕔14:50, 28.Mar 2020

#13  The past weeks were very hectic for financial markets and the publication frequency of research documents was and keeps being extremely high. A lot to read about COVID-19 and its consequences. Noteworthy is a shifting angle in the top

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Persistence pays off

Persistence pays off

🕔16:26, 27.Mar 2020 Read Full Article
The Data Science Revolution

The Data Science Revolution

🕔16:22, 27.Mar 2020

How the new richness and accessibility of data, and advances in data science, are enhancing both quantitative and traditional fundamental investment research—and sparking a revolution in active management. Spreading from its origins in technology and retail, data science is now

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ECB commits to COVID19 support

ECB commits to COVID19 support

🕔16:18, 27.Mar 2020

Time for a rethink

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The Idea Multiplier: An acceleration in innovation is coming

The Idea Multiplier: An acceleration in innovation is coming

🕔16:17, 27.Mar 2020

Megatrend: The Idea Multiplier: An Acceleration in innovation is coming The persistent downturn in productivity growth during the past two decades has cast doubts on global economic prospects. Frequently cited causes include slow adoption of technology, an aging population, and

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Retail disruption: which markets have the highest risk?

Retail disruption: which markets have the highest risk?

🕔16:17, 27.Mar 2020

Real Estate: Think global  Retail sales are migrating online and away from physical stores, damaging the investment returns of retail property. The process is underway in all developed retail markets, but the pace of migration is uneven. Very little research

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Capital Group, maintaining our investment process and operational efficiency in a new environment

Capital Group, maintaining our investment process and operational efficiency in a new environment

🕔16:16, 27.Mar 2020

Our private ownership model and strong balance sheet afford us the ability to maintain a long-term focus • Being a truly integrated global firm has enabled a smooth transition to working remotely • Robust business continuity procedures are enabling our

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Coronavirus market volatility: performance update

Coronavirus market volatility: performance update

🕔16:14, 27.Mar 2020

Markets are very weak and volatile, as you would expect with such uncertainty around the Covid19 outbreak. Some days the moves are indiscriminate and everything plunges to a broadly similar degree, on other days our higher quality names are outperforming.

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Risks abound

Risks abound

🕔16:14, 27.Mar 2020

Investment Monthly – February 2020  We are living in an “age of uncertainty” with persistent uncertainties around the macro outlook. Geopolitical tensions have shown they have the capacity to create episodic volatility in markets. But we think it is important

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COVID-19 and the financial markets Spotlight: Fixed Income

COVID-19 and the financial markets Spotlight: Fixed Income

🕔16:12, 27.Mar 2020

Last week’s financial market headlines were dominated by superlatives and historical comparisons. Volatility figures, spread and index levels which have not been seen since the financial crisis (if ever) appeared on the screens. In order to keep you informed on

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Energy sector update

Energy sector update

🕔16:10, 27.Mar 2020

Key takeaways The energy sector has been hit harder by the COVID-19 outbreak than most areas, as a combination of supply and demand challenges has weighed on crude oil prices. US shale exploration and production (E&P) companies are more vulnerable

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Lockdowns work but they take time

Lockdowns work but they take time

🕔16:06, 27.Mar 2020

The daily growth rate of Covid-19 cases in Italy is abating but stays at a double-digit pace. Beyond the inference we can make on a bottom-up, sectoral analyses, the economic impact is now showing in the” traditional” data in the

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Less downside risk, but don’t chase markets

Less downside risk, but don’t chase markets

🕔16:02, 27.Mar 2020

The core asset class views dashboard reflects the key views of the Investment Committee of the Multi-Asset team  Despite investor scepticism, 2019 was a bull market for every asset class (Figure 1). Indeed, assets benefited from the strongly dovish stance

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Thematic investing: Seeking independent sources of excess growth

Thematic investing: Seeking independent sources of excess growth

🕔16:00, 27.Mar 2020

Key points We believe: Thematic opportunities tend to transcend typical market boundaries and categorizations. They often have multiyear return profiles not fully explained by traditional country, industry, or style factors. Technological innovation and disruption, demographic shifts, and sustainability are mega

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Integrating environmental and social approaches in early-stage investing

Integrating environmental and social approaches in early-stage investing

🕔15:58, 27.Mar 2020

Responsible venture capital Venture capital (VC) is a new asset class in many emerging markets and has the potential to achieve development at scale. Successful VC-backed companies often provide significant jobs, skills and a route into formal employment in countries

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Is your next step about changing direction, or directing change?

Is your next step about changing direction, or directing change?

🕔15:56, 27.Mar 2020

2020 Global Private Equity Survey As challenges surface, private equity firms need agents of change — strategic, future-focused leaders who have the vision to help guide the firm forward.  Introduction: In the seven years since we’ve conducted this survey, private

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Momentum to engage on fur

Momentum to engage on fur

🕔15:55, 27.Mar 2020

Fur is increasingly Faux-Pas: Engaging Luxury Brands for Sustainable Practices Increased concerns around the use of fur have sparked a call from investors for luxury brands to go fur-free Europe leads the charge in humane regulations guaranteeing the freedom and welfare

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Bear Market Outcomes Earnings, Valuations And Volatility

Bear Market Outcomes Earnings, Valuations And Volatility

🕔15:50, 27.Mar 2020

Depending on the market index, this has been either the fastest or second fastest bear market in U.S. history. While the timing is uncertain, the impending decline in economic growth and corporate earnings will be followed by a rebound —

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Axioma Risk Monitor Global Developed Markets − 20 March 2020

Axioma Risk Monitor Global Developed Markets − 20 March 2020

🕔15:50, 27.Mar 2020 Read Full Article
Emerging market local currency debt in volatile markets

Emerging market local currency debt in volatile markets

🕔15:47, 27.Mar 2020

Key takeaways The combination of the coronavirus outbreak and oil price volatility will likely stunt global economic growth in the near term. Markets often overreact during a crisis and present attractive opportunities for research-based investors to add to positions at

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US Equity Market Update: Three Reasons for Optimism

US Equity Market Update: Three Reasons for Optimism

🕔15:45, 27.Mar 2020

The impact of the coronavirus on the US economy still isn’t fully known yet, as the situation continues to evolve. However, Franklin Equity Group’s Grant Bowers sees at least three reasons to be optimistic about the long‑term recovery. 

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RESPONSES TO THE PANDEMIC

RESPONSES TO THE PANDEMIC

🕔15:12, 27.Mar 2020

The spread of the novel coronavirus continues to cause immense uncertainty. A growing number of European countries have imposed curfews, effectively putting whole nations under lockdown. So has California, ordering 40 million people to stay indoors. The most likely area

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Market turmoil

Market turmoil

🕔14:07, 27.Mar 2020

What we’re watching? We continue to monitor containment efforts, as more countries are following China’s lead (sort of), but fiscal support is what is most needed to reassure markets. We will closely look at high frequency data to see how

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A rebalancing act

A rebalancing act

🕔12:51, 27.Mar 2020

Recent sharp market moves may have pushed many portfolios off their strategic allocations. We see room to rebalance toward benchmarks.   Fiscal and monetary policy action to bridge the impact of the coronavirus is starting to take shape – and may

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A COVID-driven spike in claims

A COVID-driven spike in claims

🕔20:41, 26.Mar 2020

This morning, initial claims for unemployment insurance surged to the highest level ever. Initial claims came in at 3,283,000, spiking from a slightly revised 282,000 last week. They also exceeded the prior peak of 695,000 reached in October 1982, and

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The COVID-19 Relief Bill-Holding the Economy in Suspended Animation

🕔17:09, 26.Mar 2020

In the early hours of this morning, the U.S. Senate passed a 2.2 trillion USD stimulus bill to combat the devastating impact of COVID-19 and social distancing on the U.S. economy. These measures cannot prevent the economy from falling into

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Commodity-Market Turmoil

Commodity-Market Turmoil

🕔12:42, 26.Mar 2020

The gold price has been falling but a supportive rates environment and safe-haven demand brighten our outlook. The Saudi-Russian oil-price war broke out at the worst possible time. Any further negotiations are likely to involve a new kid on the

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We lower our GDP forecast for 2020 to -3.5%

We lower our GDP forecast for 2020 to -3.5%

🕔10:34, 26.Mar 2020

Corona-Virus weighs on Eurozone economy All countries in the Eurozone have gradually begun to impose significant restrictions on public life from mid-March onwards in order to stem the spread of the coronavirus. We are therefore lowering our GDP forecast for

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No Time To Sell Risky Assets

No Time To Sell Risky Assets

🕔09:29, 26.Mar 2020

The COVID-19 pandemic has tragically already claimed the lives of over 10 000 people. Many more will die in the coming weeks. Governments have been obliged to take extreme social distancing measures to combat the virus, effectively putting society on

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It’s Time to Start Thinking About the Postcrisis World

It’s Time to Start Thinking About the Postcrisis World

🕔09:09, 26.Mar 2020

Although financial markets are still reeling from the coronavirus crisis, it is not too early for investors to consider the longer‑term investment implications. We believe investors should consider potential near‑term costs of the crisis and focus on the economic and

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SARS Is Not a Model for Coronavirus

SARS Is Not a Model for Coronavirus

🕔08:07, 26.Mar 2020

 Drawing parallels between the two outbreaks is tempting but risky.  The potential impact of the COVID‑19 virus on the Chinese economy has been compared with that of the SARS virus in 2003. However, there were external factors weighing on the

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How Large Cap Stock Investors Can Adapt to a Slowing Economy

How Large Cap Stock Investors Can Adapt to a Slowing Economy

🕔06:57, 26.Mar 2020

Insights on US Equities How Large‑Cap Stock Investors Can Adapt to a Slowing Economy  While caution is warranted, cyclical opportunities exist.  Q. How is the U.S. economic slowdown affecting large‑cap stocks? Joe Fath: I think the U.S. economy is showing

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