Weekly Investment Commentary Stocks snapped a three-week winning streak last week, with the S&P 500 Index dropping 0.5%. The U.S. elections continued to dominate the headlines, with polls showing an increasing likelihood of a Biden victory and Democratic sweep of
Welcome to our fifth annual Global Factor Investing Study, based on an interview programme with 238 factor investors. This study incorporates the views of 138 institutional investors and 100 wholesale investors that are together responsible for managing over US$25.4 trillion
"About 40% of all survey respondents incorporate climate change information into the investment process. A separate question to a select group of C-level executives found about 75% feel that climate change is an important issue."
Swiss Finance Institute – Research Paper Series N°20-63 Abstract We study how plan sponsors choose investment management firms from their opportunity set when delegating $1.6 trillion in assets between 2002 and 2017. Two factors play an influential role in choice:
This paper discusses how: multiple SI objectives can be incorporated in an index in a transparent and flexible manner. the Target Exposure methodology is an evolution of FTSE Russell’s tilting methodology, which fits well with the increasing demand for index
Nu de presidentsverkiezingen in de VS naderen, wegen de markten de kansen af van een Democratische dan wel Republikeinse overwinning en wat de impact hiervan zal zijn op de aandelenmarkt. Sinds 1960 kent de S&P 500® Index in 80% van
Investment Insights – US elections: an insider’s view To briefly re-cap how the US presidential election works: it is decided not by the popular vote but by the electoral college vote. The successful candidate in each state takes all the
Weekly Investment Commentary Stocks snapped a three-week winning streak last week, with the S&P 500 Index dropping 0.5%. The U.S. elections continued to dominate the headlines, with polls showing an increasing likelihood of a Biden victory and Democratic sweep of
Strong S&P 500 EPS Results for the Third Quarter, Probably the Best of the Year CIO | View – Americas CIO View Powerful direct fiscal assistance to small businesses and households, forbearance programs, business reopening's and warmer weather all helped
On track since launch: U Access – Long/Short Japan Corporate Governance Key takeaways: U Access – Long/Short Japan Corporate Governance maintained its gross and net exposure in line with the investment philosophy. We can report a constant increase of Assets
Weekly Fixed Income Commentary U.S. Treasury rates closed higher last week, led by longer maturities. A constructive market tone lifted rates and supported risk assets. Prospects for additional fiscal stimulus prior to the U.S. election dimmed, but rates rose nonetheless
“ In fact, Powell noted that the Fed seeks to promote its employment and inflation goals while warding off any risks to financial stability (i.e., asset bubbles) ‘that impede the stability of our goals’. “
“The ultimate shape of either candidate’s infrastructure plan would depend heavily on the balance of power in the Senate.”
Research & Strategy Insights Considering the rise in government debt in key developed markets As cases of coronavirus appear to be on a rising trend again in the US and have picked up sharply across Europe, negative risks to the
Weekly Economic Commentary Eleven years ago, I had the pleasure of witnessing my wife’s naturalization ceremony. The presiding judge opened with a memorable comment: “Swearing in new citizens is the only time everyone leaves the courtroom happy.” Everyone present nodded.
Benchmark on Responsible Investment by Pension Funds in the Netherlands 2020 This year marks VBDO’s 25th anniversary. A silver jubilee gives us a reason to look back over what has been achieved. Back in 1995, the financial sector had very
Market Flash Markets are in wait-and-see mode. Investors are waiting to see a new stimulus plan in the US, the presidential election results, progress in finalising Brexit and positive developments in the search for a coronavirus vaccine. They are also
Emerging economies are generally considered to have high potential, notably due to their young and growing population. Although most are not always seen as being sustainable or having a democratic process, integrating sustainability criteria into the management of a portfolio
Contrary to common fears, Covid-19’s long-term effect on office demand might actually be accretive, or at least not destructive. Many observers have claimed that the pandemic has revealed city-center offices to be relics of the 20th century. We take a
Gold Correction U.S. dollar strength kept pressure on gold throughout September. The dollar, as measured by the U.S. Dollar Index (DXY),1 trended higher as the stock market trended lower from its all-time highs. The pandemic stimulus-driven bull market looks to
Country sustainability during COVID-19 The pandemic has had two major consequences on sustainability assessment: Collecting and analysing data has become significantly harder, especially in emerging economies. The majority of positive trends of sustainable development (or SDG’s) have been reversed by
– Summary – Once upon a time, in the 1970s, the tiny Pacific island of Nauru had the highest income per head in the world after Saudi Arabia. The money has come from phosphate mining by Britain, Australia and New
Global Asset Allocation: The view from EMEA With a quickly approaching U.S. presidential election that is too close to call, mounting controversy surrounding mail-in ballots, the potential for a protracted legal battle, and the president’s recent coronavirus diagnosis, markets …
#43 Before two interesting research papers are higlighted, we’d like to suggest two interesting webinars that are held this week. Tomorrow, 27 October, T. Rowe Price hosts a webinar called ‘Beleggen in Chinese aandelen‘. This Thursday, 29 October, Aegon AM
The US Election Will Determine the Path of Fiscal Policy Fiscal and monetary stimulus have played a critical role in restarting the economy and remain crucial to a continued expansion Monetary stimulus is not subject to the election cycle: the
DB (defined benefit) pension schemes are progressing along their journey to end-game, with many becoming increasingly cashflow negative and struggling to balance competing requirements for returns and cashflow. In this environment we believe that the cashflows, diversification and return-generating nature
Survey reflects a broad cross-section The 2020 RBC Global Asset Management Responsible Investment Survey was answered by over 800 participants from around the world, including the US, Canada, Europe and Asia. Respondents come from all corners of the investment business.
When you think of infrastructure you might immediately picture transport networks, buildings or sewage, water and electrical systems: physical things, or hard landscape elements. But as with most things in a world in which the Covid-19 outbreak has shaken up
Executive summary Investment is a fast-changing industry: 232 names in our 2009 list of 500 largest asset managers are not in our 2019 list. There seems to be a quickening of the pace of consolidation. Mandate and process trends have
US Election Preview: All or Nothing The polls say Biden is the favoriete: With little time to go until the election, Biden has a substantial edge over Trump in the national polls, of around 10 percentage points. Biden has led
Global markets and multi-asset portfolios The coronavirus pandemic has dominated news flow throughout 2020. Looking forward, even after the first acute phase of the pandemic has passed, its imprint on our economy and indeed on the very fabric of our
Door de corona-pandemie zijn vele overheden genoodzaakt extra schulden uit te geven om de negatieve economische gevolgen het hoofd te bieden. Op Europees niveau zal de Europese Unie (EU) een zeer omvangrijk pakket leningen uitgeven. Deze EU-leningen zijn zogenaamde “Supranationals”
Integrating ESG factors helps better understand long‑term sustainability. KEY INSIGHTS ESG factors serve as an important input in the research process for mining companies in emerging markets. It is imperative to assess a company’s safety records and integrate this into our
Viewpoints from the Global Investment Committee The question seems to come up consistently in investment meetings and in every conversation with fellow investors – from retirement plans managing their asset/ liability mix, insurance companies providing guaranteed income and individual investors
Fund selector asset class research Key points – Dutch investors are very bullish towards plenty of asset classes this quarter. – At the top of the list are Asia ex Japan equities, infrastructure funds, multi-strat hedge funds, gold funds and
Market Weekly The EU’s new targets for emissions reductions are realistic and achievable and should lift the price of CO2, encouraging more emitters to switch to doing business in a more environmentally friendly way. In this podcast, chief sustainability strategist
High dispersion of returns between sectors has continued to offer significant opportunity for investors. We believe a selective approach remains the preferred path during Q4 2020 as uncertainty mounts around the US election, COVID-19 and regional challenges such as Brexit,
Allocation views We are growing more accustomed to the strange new landscape left behind after the COVID-19 recession. The virus threat remains very real, with notable flare-ups in Europe more recently, even as populations get more used to dealing with
The financial panic caused by Covid-19 and the halt in the global economy have been brought under control thanks to budget plans and monetary action by central banks. Having seen the dollar plummet at the height of the crisis, accelerated
The weekly brief Momentum is a strategy which buys stocks trending higher and sells stocks on a downtrend within an index. It is systematic and has no considerations for earnings, valuation, or other fundamental metrics such as dividends. Historically, it
Summary for the week ending on Friday, 16 October Following the lack of progress in stimulus negotiations over the previous weekend, the prospects of passing a relief package before the election seemed to dim further last week. On Tuesday, Republican
Credit Outlook Downgrades and defaults have had a major impact on the asset class Record volumes of credit downgrades and a sharp spike in defaults have reconfigured the US high yield bond market in the wake of the coronavirus. This
#42 In October, there is no lack of webinars. This week our event calendar includes 11 webinars! For example, on Tuesday 20 October, KraneShares hosts a Virtual Conference called “The Next Chapter for China” and on Thursday 22 October, T.
Research Institute As a financial institution, Credit Suisse has long established itself as the bank of the entrepreneur, in turn supporting the innovation and wealth creation such activity typically brings. In its series of studies, and by establishing the unique
Weekly commentary The potential outcomes of the November U.S. election could have starkly different policy ramifications, as we argued last week. What will this mean for equity markets? We believe simplistic narratives about the overall market direction are best avoided
At Columbia Threadneedle Investments we believe in Research Intensity, combining views from all parts of the firm to increase our research insights. We achieve this through close collaboration between our equities, credit and data science teams, as well as regional
Markets | October 2020 While every US presidential election is contentious, this year’s race seems especially divisive. Partisanship is extreme, and the difference between Donald Trump and Joe Biden in approach, personality and behaviour is stark. The charged rhetoric may
An EDHEC-Risk Institute Working Paper This paper employs a robust portfolio sorting procedure to factor size characteristics into returns. The US size anomaly boils then down to a pure seasonal effect, fully supporting the “tax-loss-selling” hypothesis. We build a long-short
In the final quarter of this year, investors are likely to learn the answers to three pivotal questions for markets. First, we are likely to hear the results of vaccine trials. Second, we will learn the results of the US
