T. Rowe Price Insights on the U.S. Election Democrat Joe Biden’s policy proposals as the next U.S. president (pending the outcome of potential legal challenges) could have mixed implications for investors if implemented, according to T. Rowe Price investment professionals. On
The Weekly Brief Since the U.S. presidential election on November 3 th, the USD has started a descent that may have legs under the new administration. The easing of trade tensions and an accommodative policy mix could put additional pressure
#Japan In September, Japan elected a new leader of the country. Yoshihide Suga replaced Shinzo Abe, the longest prime minister the country ever had. With the TOPIX gaining 7.84% from the 30th of October till the 13th of November the
T. Rowe Price Insights on Global Markets Our portfolio managers see selective potential in a range of asset classes. Even for those of us who saw reasons for hope this past spring, the market’s resilience in the face of the
The PRI has identified The PRI Leaders’ Group 2019, which highlights asset owner leaders that have developed rigorous follow-up procedures to reduce reputational and management risk, and who have detailed policies for frequently monitoring managers’ performance through on-site interviews, calls
"Since 2000, portfolios made up of restricted stocks, with the exception of coal, have delivered better performance than the benchmark, suggesting that applying the restriction has probably hurt investment performance. However, it’s worth noting that the return gap has been
The incorporation of ESG factors within the investment process has evolved from a nice-to-have to a necessity. Client demand has grown strongly, with 68% of the PRI’s asset owner signatory base addressing ESG considerations in their requests for proposals (RFPs).1
"Investing in small‑caps today may give investors with a long-term investment horizon the opportunity to join the journey of some of tomorrow’s most successful businesses at an early stage." — Yoram Lustig Head of EMEA Multi‑Asset Solutions
Deeper knowledge about how indexes work can drive better portfolio outcomes for wealth advisors Because an index is a hypothetical basket of securities, it cannot be invested in directly. However, indexes are often licensed by fund managers to be used
Global Asset Allocation: The View from EMEA Blue Ripple? A Biden presidency, with Republicans maintaining control of the Senate, is a possible outcome of the US elections. Most polls heading into the election were predicting the possibility of a ‘Blue
Engaging with pharmaceutical companies to address the role they play in India’s water pollution crisis The growth in superbugs is a major public health crisis facing our world today. And in India, where nearly 60,0001 new-borns die every year from
“A community already exists within finance which is committed to adding value for investors, while collectively changing the world. Both we and the next generation deserve nothing less.” – Vincent Hamelink, Chief Investment Officer We believe that the inflection point
"When building a portfolio of different assets, an asset’s beta is critical in understanding the impact on portfolio volatility. While standard deviation will explain the volatility of an asset’s return compared to its expected mean return, beta will explain how
Q3 Hydrogen:significant opportunity or hot air? Natalia Luna, Senior Thematic Investment Analyst, Responsible Investment: “Since the Paris Agreement in 2015 governments have turned their attention to climate change and committed themselves to achieving emissions reduction targets that will lead to
“While capital markets appeared to have reacted positively to these results, the postelection transition creates a potential for market volatility.”
#47 Tomorrow our event calendar is filled with five webinars! If you have spare time tomorrow, don’t miss out on an interesting session. Furthermore, next week December starts and this month has lots of interesting webinars as well. For example,
"Marked by the most severe recession in modern history, 2020 was an unprecedented year. With the global pandemic continuing, we enter 2021 with a mildly positive outlook for the upcoming recovery, but with the assumption that the path to pre-crisis
"Now we face the shorter-term economic threat from Covid-19 and the long-term economic threat from climate change. We have a clear incentive, I would argue an imperative, to produce a very large and sustained public works program."
"We still like high yield for income. On a tactical horizon, we strongly prefer high yield for its income and more room for spread tightening. We are neutral on IG and underweight emerging market debt."
Investment Outlook 2021 2020 will likely go down as one of the most remarkable years in history: from an economic perspective, as Covid-19 brought the deepest recession since the 1930s, and from a public health and social viewpoint as well.
The Armageddonists were not rescued from underperformance purgatory by COVID, and markets are at alltime highs again with prospects for further gains in 2021. However, I can think of something that could rescue them, at least temporarily: the risk of
High Hopes for a Cyclical Recovery (Video) Asset Allocation Monthly In this Asset Allocation monthly video, we discuss the implications of the US elections and the news on potentially reliable Covid vaccines on our market views and our asset allocation
The Big Picture – 2021 Outlook 2020 has seen defensive assets outperform cyclicals. We expect the opposite in 2021. Despite short term Covid-related risks, recent vaccine news provides valuable light at the end of the tunnel. Unfortunately, some cyclical assets have
UBAM – Hybrid Bond Opportunity in European Banks AT1 bonds Key takeaways: Fundamentally, European banks are solid with strong capital ratios and should exit the Covid-19 crisis unscathed The macro picture continues to improve, assisted by significant central bank support
"The size of pension funds compared to GDP varied widely at the end of 2019, ranging from 0.1% in Pakistan to 191.4% in the Netherlands. Assets in pension funds exceeded the size of the domestic economy in five countries: Australia
"Assets in retirement savings plans reached new heights, exceeding USD 50 trillion before the COVID-19 outbreak"
Market GPS Chairman Jerome Powell recently introduced the Fed’s new monetary policy strategy with a renewed commitment to achieving an average inflation target. The policy will require allowing infl ation to run above 2% to make up for persistently missing
T. Rowe Price Insights on Fixed Income 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 U.S. high yield bond market in the
“Costs for renewable hydrogen are going down quickly. Electrolyzer costs have already been reduced by 60% in the last ten years, and are expected to halve in 2030 compared to today with economies of scale. In regions where renewable electricity
Introduction: Binary outcomes In our recent CIO Autumn Outlook, we highlighted the binary nature of the key event risks heading into the final quarter, all of which still have the scope to move markets significantly. These are the US presidential
Index Education The launch of the S&P 500 ESG Index in April 2019 signaled an evolution in sustainable investing. Indices based on environmental, social, and governance (ESG) data were no longer simply a means for companies to declare their sustainability
LDI Deep Dive Series Part 1: The impact of interest rates on investment returns Investors with future liabilities are normally exposed to interest rate risk. A fall in interest rates will increase the value placed on future liabilities. By adopting a
"With deficits growing and the outlook uncertain, finding yield and assets that will benefit, rather than suffer, from the current policy response, is a growing problem. We believe cocos fit the bill for these issues."
Multi-sector asset allocation outlook – Q4 2020 IFI multi-sector asset allocation overview Macro factor summary: We have upgraded our growth expectations for the US and Europe and expect growth momentum to persist in 2021. We expect spare capacity to keep
Fixed Income Quarterly Report – Q4 2020 A second wave of coronavirus infections is sweeping the globe, corporate defaults are on the rise and recovery rates are well below their historical average. Meanwhile, the outcome of one of the most
Pensioenakkoord uitgelegd Deel 2: De impliciete lifecycle Deze zomer hebben het kabinet en sociale partners overeenstemming bereikt over een vergaande herziening van het pensioenstelsel. Dit pensioenakkoord heeft grote gevolgen voor hoe pensioen wordt opgebouwd en wordt belegd. In deze serie
Asset Allocation Monthly Three key issues have dominated the macroeconomic outlook in recent weeks: The second wave of the virus, the possibility of a positive announcement on the vaccine front, and the outcome of the US elections. Markets have been
House View The global economy is recovering from the economic fallout in the first half of the year. The lockdown measures have caused a sharp deceleration in economic activities in the manufacturing and services sectors in the first half of
"We are at an extraordinary moment in financial market history. Effective diversification is still possible, but the simple form of hedging with government bonds is a thing of the past for the foreseeable future. We might wish it otherwise, but
The FIXED INCOME MONTHLY provides a forward-looking summary of the medium-term views from the Fidelity Fixed Income team. Our investment approach is multi-strategy, with portfolio managers given clear accountability and fiduciary responsibility for all investment decisions in a portfolio. Given
Fixed Income Asset Allocation Insights Credit spreads have mostly remained around fair value, with investors readopting a buy-on-the-dip bias as they weigh conflicting positive and negative fundamental trends. On the positive side, a Biden presidency coupled with the likelihood of
Column by Hendrik Tuch, Head of Fixed Income “Interest rates and yield curves have seen quite some volatility in the last few weeks as markets digested the election news and the coronavirus headlines. Ahead of the US elections, many investors
In this paper, we look at hydrogen technologies from the environmental standpoint, as well as key factors supporting its future development, such as investment, current projects and government support.
Are we at a turning point? The effects of global temperatures rising to 1.5 degrees Celsius above pre-industrial levels, as projected by the International Panel on Climate Change, are severe.
T. Rowe Price Insights on U.S. Equities How the rules of investing in the large‑cap growth space have changed Amid the wider performance of the U.S. equity market, one particularly astonishing statistic is that the top 10 stocks in the
Before researching whether we can use this outperformance to strengthen our Alternative Beta strategy, we first assessed whether the differences in "performance might result from composition biases between the Flash and Final update."
"Moreover, an end to the trade war does not mean the end to the tech war. There is a strong consensus in the US for curbing China’s access to critical technologies. Biden is unlikely to reverse the Trump administration’s tech
“Global default rates are rising and likely to continue into 2021. But we think the full impact may be muted by the significant fiscal and monetary intervention seen from governments and central banks.”
The fund seeks to provide high income and some capital appreciation. Uses an asset allocation strategy to build a broadly diversified portfolio of domestic and foreign debt instruments, including government and corporate bonds; mortgage-backed, commercial mortgage-backed, and asset-backed securities; and
"Convertible bonds historically captured over 65% of equity upside but suffered only 50% downside"
