Fixed income: 2021 reflation trade, where art thou?

Fixed income: 2021 reflation trade, where art thou?

🕔11:09, 20.Jul 2021

Market weekly: We recently saw the consensus view held by the market on US interest rates bowled over by the Federal Reserve. Whereas the market expected no or at the most one interest rate rise over the next two years,

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The future of the financial sector: The analyst view

The future of the financial sector: The analyst view

🕔10:21, 20.Jul 2021

Key takeaways Regulatory and digital disruption have been headwinds to the financial services industry, but tech innovation offers opportunities for both new entrants and incumbents to survive and thrive. The rising wealth of Asian emerging economies, the growth in derivatives

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A snapshot of the world economy in July 2021

A snapshot of the world economy in July 2021

🕔10:18, 20.Jul 2021

Digital drive will boost productivity growth Why China’s vaccine surge is good news for the world How will age-related spending change in the next decade 

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Mid-Cycle Investing: Time to Get Selective

Mid-Cycle Investing: Time to Get Selective

🕔09:21, 20.Jul 2021

SUMMARY The global economy is in a mid-cycle expansion, following peaks in policy support and growth, and what is likely a transitory spike in inflation. We expect global growth to moderate to a still abovetrend pace in 2022. Growth-oriented assets, such as equities

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What’s the ESG in private equity?

What’s the ESG in private equity?

🕔15:03, 19.Jul 2021

Over the last few years, the private equity industry has radically reassessed the importance and value of ESG to their businesses. ESG has shifted from being considered an area of just compliance, to an overarching framework that informs the strategic

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Just a bump in the road?

Just a bump in the road?

🕔14:45, 19.Jul 2021

Despite investor worries about the impact of semiconductor shortages to automotive production and input cost inflation, the automotive industry remains healthy and the evolution of the industry towards electric vehicles remains strong.  After finishing 2019 at roughly 89 million units,

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2021: A Landmark Year In Global Climate Policy

2021: A Landmark Year In Global Climate Policy

🕔12:09, 19.Jul 2021

The year 2021 constitutes a key phase in the fight against climate change and in the global efforts to meet emissions targets in the 2015 Paris Agreement. The agreement aims to limit global warming “ideally” to 1.5 degrees Celsius (°C),

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Hoe kunnen de gezondheidseffecten van luchtverontreiniging worden aangepakt?

Hoe kunnen de gezondheidseffecten van luchtverontreiniging worden aangepakt?

🕔09:26, 19.Jul 2021

Alex Bernhardt, het nieuwe Global Head of Sustainability Research van BNP Paribas Asset Management, onderzoekt de door klimaatverandering veroorzaakte redenen van luchtverontreiniging en hoe we het probleem kunnen aanpakken. De kwaliteit van de lucht die we inademen kan een aanzienlijke

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US Economic & interest rate outlook

US Economic & interest rate outlook

🕔08:00, 19.Jul 2021

This July, we find ourselves looking back on a half a year of upside surprises. As the year started, we expected an better run than we had in 2020, which was a low standard to surpass. Rapid progress distributing vaccines

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Biden’s strong commitment on climate change

Biden’s strong commitment on climate change

🕔15:21, 16.Jul 2021

President Joe Biden’s first months in the White House fully reflect his administration’s commitment to pursuing a transition to a low carbon economy. Biden has rejoined the Paris Agreement and recently announced a highly ambitious target to reduce emissions by

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Which emerging markets will be the winners and losers from energy transition?

Which emerging markets will be the winners and losers from energy transition?

🕔13:07, 16.Jul 2021

The race to decarbonise the global economy has the potential to turn the commodities market upside down. And this will have wide-ranging implications for emerging markets (EM). Most of the world’s largest economies are targeting “net zero” emissions of carbon

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How can we tackle the effects of air pollution on human health?

How can we tackle the effects of air pollution on human health?

🕔12:05, 16.Jul 2021

Climate change impacts human health in a number of ways. Rising average temperatures mean a higher risk of heatwaves – at the time of writing, the US Pacific Northwest is experiencing ‘life-threatening’ temperatures. Indeed, the Lancet has described climate change

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Managing inflation: no easy options

Managing inflation: no easy options

🕔10:28, 16.Jul 2021

A shift from ‘lowflation’ to a moderately rising inflation regime could bring with it greater dispersion in asset returns. While ultimately positive for investors, the transition may …

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A taxing question for U.S. stocks

A taxing question for U.S. stocks

🕔08:20, 16.Jul 2021

We see equities in developed markets (DMs) outside the U.S. as better positioned to capture the …

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EBA report

EBA report

🕔16:33, 15.Jul 2021

The EBA has received several mandates to assess how to include Environmental, Social and Governance (ESG) risks into the three pillars of the banking prudential framework. This report assesses their potential inclusion in Pillar 2 by providing common definitions of

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Markets – Surfin’, surfin’, but mind the rocks

Markets – Surfin’, surfin’, but mind the rocks

🕔14:34, 15.Jul 2021

It is becoming clear that the post-Covid recovery will resynchronise in the second half of the year as economies reopen while vaccinations campaigns pick up speed, especially in continental Europe. Global trade is bouncing back at a faster-than-expected pace, resulting

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Thematic investing set to transform asset management?

Thematic investing set to transform asset management?

🕔10:41, 15.Jul 2021

Thematic investing is no longer niche. Assets in these funds have grown at an annual rate of 37% since 2018, but the unprecedented events of 2020 in the wake of the COVID-19 pandemic significantly boosted this growth to

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Climate Data Nuances in Equity Index Portfolios

Climate Data Nuances in Equity Index Portfolios

🕔08:38, 15.Jul 2021

In our recent paper, “Weathering the Storm: Exploring Climate Strategies”, we explored the main approaches to integrating climate considerations in investment portfolios. In this article, we dive deeper and look at some nuances in climate data that need to be

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Asset allocation highlights – A challenge to the reflation trade

Asset allocation highlights – A challenge to the reflation trade

🕔15:47, 14.Jul 2021

The latest ‘dot plot’ published after the June meeting of the US Federal Open Market Committee (FOMC), showing the participants’ assessment of the appropriate future level for the federal funds rate, had 13 out of 18 FOMC members foreseeing a

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Sector Compass Monthly Update

Sector Compass Monthly Update

🕔14:47, 14.Jul 2021

June showed similar trend characteristics to earlier in the year, with value and cyclical exposures rising again — but with a hint of caution caused by the emergence of new COVID variants and concerns over Fed tapering. Europe and the

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Listed companies have less than six years to align with 1.5C warming target, inaugural MSCI Net-Zero Tracker reveals

Listed companies have less than six years to align with 1.5C warming target, inaugural MSCI Net-Zero Tracker reveals

🕔11:59, 14.Jul 2021

Launch of quarterly MSCI Net-Zero Tracker will show progress of listed companies towards the goals of the Paris Agreement and highlight climate leaders and laggards. NEW YORK – July 12, 2021 – The world’s publicly listed companies must dramatically accelerate

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Infra debt: Investing in the backbone

Infra debt: Investing in the backbone

🕔10:29, 14.Jul 2021

Market weekly: Investors are continuing to search for sources of income in the current low-yield environment marked by, for example, modest returns from equities and bonds, bringing to the fore the merits of an allocation to infrastructure debt. This source

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AFM – Sectorbeeld Pensioenen – 2021

AFM – Sectorbeeld Pensioenen – 2021

🕔08:49, 14.Jul 2021

De stand van zaken van de pensioensector: deelnemers maken weinig gebruik van keuzemogelijkheden

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Pictet Asset Management: Megatrends en het mRNA wonder

Pictet Asset Management: Megatrends en het mRNA wonder

🕔15:00, 13.Jul 2021

Megatrends zijn krachtige structurele veranderingen die aanzienlijke gevolgen hebben voor de manier van beleggen. Een van deze megatrends is de toepassing van mRNA door Biotech bedrijven. Het succes van mRNA-therapieën tegen Covid kan de ontwikkelingstijd van vaccins in de toekomst

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Global economic slowdown ahead?

Global economic slowdown ahead?

🕔13:05, 13.Jul 2021

When we entered the second quarter of 2021, we stated in Allocation Views that “sometimes it is right to just go with the flow, at least for a while.” We thought that “this is perhaps one of those times” when

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What’s new in munis?

What’s new in munis?

🕔12:17, 13.Jul 2021

Let’s make an (infrastructure) deal. On June 24th, the bipartisan Senate coalition reached a compromise on a US$1.2 trillion infrastructure package over the next eight years, which includes

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Wake me up in Jackson Hole?

Wake me up in Jackson Hole?

🕔10:35, 13.Jul 2021

Weekly investment update New Covid-19 cases around the world have risen and now stand at 390 000 a day. Rises in Europe, Asia, and Africa are offsetting a decline in South America. The UK accounts for more than a third

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Fed in a balancing act

Fed in a balancing act

🕔10:16, 13.Jul 2021

The economic normalization process is well under way in regions where the vaccine roll-out has been smooth. Inflation numbers and expectations have risen sharply, but we see this as transitory. During the June FOMC meeting, the Fed made a hawkish

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Taking sustainability to the next level. It’s time for the Elite

Taking sustainability to the next level. It’s time for the Elite

🕔08:46, 13.Jul 2021

The Covid-19 pandemic has brought unprecedented uncertainty to financial markets. Yet the demand for sustainable ETFs in Europe has been…

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China calling: The rise of Chinese bond markets

China calling: The rise of Chinese bond markets

🕔14:11, 12.Jul 2021

In a year that saw record foreign inflows to Chinese bonds, 2020 was also a reflective year for me personally, having watched China’s economy grow over the last 40 years. I first traveled to China in

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The SFDR’s Articles 8 and 9: The Funds Behind the Labels

The SFDR’s Articles 8 and 9: The Funds Behind the Labels

🕔12:54, 12.Jul 2021

Financial market participants (FMPs) in the European Union (EU) are already addressing aspects of the EU’s Sustainable Finance Disclosure Regulation (SFDR)1 , which aims to enhance transparency on how sustainability risks are integrated or how adverse sustainability impacts are considered

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Japan Ups the Ante on Corporate Governance and Regulatory Reform

Japan Ups the Ante on Corporate Governance and Regulatory Reform

🕔11:56, 12.Jul 2021

One of the most significant achievements of former Prime Minister Shinzo Abe’s “Abenomics” economic reform strategy has been the improvement in Japanese corporate governance standards. The government’s prioritizing of …

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When will U.S. daily life return to normal?

When will U.S. daily life return to normal?

🕔11:50, 12.Jul 2021

As the U.S. continues its COVID-19 vaccination program, the Return to Normal Index measures human activity data relative to prepandemic levels. The index is constructed by our data scientists and fundamental analysts and tracks …

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Constructing a Chinese Equities Portfolio

Constructing a Chinese Equities Portfolio

🕔11:20, 12.Jul 2021

China continues to undergo enormous change, and there are many factors to monitor in this massive and highly complex economy. Significant change continues in relation to China’s economic model, with concerted efforts to focus more on …

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Duurzame energietransitie: volop mogelijkheden

Duurzame energietransitie: volop mogelijkheden

🕔07:10, 12.Jul 2021

Op 18 mei 2021 publiceerde de International Energy Agency (IEA) haar rapport “Net Zero by 2050. A Roadmap for the Global Energy Sector”. De IEA werd in 1974 opgericht als de oliesectorwaakhond van de westerse landen. In de afgelopen 47

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Economic and asset allocation views Q3 2021

Economic and asset allocation views Q3 2021

🕔16:57, 9.Jul 2021

Economic overview .We are upgrading our forecast for global growth and now expect the world economy to expand by 5.9% this year (previously 5.3%) before slowing to 4.5% in 2022 (previously 4.6%). Our forecasts for inflation are also increased, with

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Mid-Year Investment Outlook: Mission transition

Mid-Year Investment Outlook: Mission transition

🕔16:28, 9.Jul 2021

Welcome to our mid-year Outlook, my first as the new chief investment officer at HSBC Asset Management. It is an honour to share with you our latest views on the world’s economies and markets. A huge thanks and best wishes

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Global Macro Outlook Third Quarter, 2021

Global Macro Outlook Third Quarter, 2021

🕔14:15, 9.Jul 2021

The recovery continues to gather pace. We’ve raised our growth forecasts and expect the global economy to grow by 6.1% this year and 4.3% in 2022. Both forecasts are well above the precrisis trend of around 3.0%. It’s important to

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Covid-19 index: when might life return to ‘normal’?

Covid-19 index: when might life return to ‘normal’?

🕔12:55, 9.Jul 2021

As one of the world’s largest economies the US is a key focus for investors. With every country attempting to return to normality following the coronavirus pandemic, we are monitoring when US economic activity might get back on track, as

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In Credit

In Credit

🕔10:32, 9.Jul 2021

The ‘roller coaster ride’ for US bond prices, post FOMC, has started to level out though yields were a little higher last week. The benchmark US 10-year yields around 1.5%. This places market levels close to the mid-point of the

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European equities: look for the winners to play the reflation trade, value revenge, and ESG disruption

European equities: look for the winners to play the reflation trade, value revenge, and ESG disruption

🕔09:35, 9.Jul 2021

Today, all eyes are on Europe. While the strongest national European football teams are animating a great competition, which is also signalling a sort of return to normality for Europeans, investors’ appetite for European equities is back and for good

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Video: Data and tools to measure biodiversity dependencies and impacts

Video: Data and tools to measure biodiversity dependencies and impacts

🕔11:59, 8.Jul 2021

As the sustainable investor for a changing world, BNP Paribas Asset Management believes it is essential to understand the impact of environmental change on the economy as fully as possible. Accordingly, we have been assessing our dependencies and impacts to

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The growing threat of cyber risk

The growing threat of cyber risk

🕔10:51, 8.Jul 2021

Companies are faced with a difficult decision after a cyberattack has occurred. Paying the ransom has become more expensive over time and it does not guarantee that the cyber criminals will release their grip on company systems, nor does it

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Pre-Issuance Impact Report on the UK Government Green Financing Programme

Pre-Issuance Impact Report on the UK Government Green Financing Programme

🕔09:10, 8.Jul 2021

The UK government green financing programme ('the programme') is a green gilt (bond) issuance programme, alongside a world-first green retail savings bond via NS&I – the UK government’s retail savings arm. In addition to the core purpose of financing sustainable

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July/August 2021 CROSS ASSET Investment Strategy

July/August 2021 CROSS ASSET Investment Strategy

🕔20:07, 7.Jul 2021

Waters appear calm, but there are strong undercurrents. Large economies are at different stages of their journey towards peak acceleration, but rising…

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Things are so good that it’s time for a break

Things are so good that it’s time for a break

🕔20:05, 7.Jul 2021

A buoyant economic recovery, record stock markets and calm bond markets. Things have been going all too well and the next surprises are unlikely to be positive. Global economic growth is slightly up, so are equity price targets, though, we see

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Inflation blows on markets, and investors need to act

Inflation blows on markets, and investors need to act

🕔16:04, 7.Jul 2021

The Covid-19 crisis has transformed the world with far reaching consequences that markets are now starting to assess. The most important one being what will be left of the Great Recovery following the crisis. Different narratives are evolving at this

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Video: Bringing sustainable insights and solutions to investors

Video: Bringing sustainable insights and solutions to investors

🕔11:39, 7.Jul 2021

As the sustainable investor for a changing world, BNP Paribas Asset Management is working to provide investors with sustainable investment solutions and investable insights through innovative and actionable research, Alex Bernhardt, the recently appointed global head of sustainability research, explains in

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DC pensions: UK and NL experiences

DC pensions: UK and NL experiences

🕔09:26, 7.Jul 2021

In recent years, both the United Kingdom and the Netherlands have introduced significant changes to the way defined contribution (DC) pensions can be accessed. This article examines the changes and reflects on how each country’s DC savers have responded. We

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Long-term perspective on markets and economies – June 2021

Long-term perspective on markets and economies – June 2021

🕔16:57, 6.Jul 2021

A reawakening of the global economy — boosted by pentup demand and unprecedented government stimulus — has stoked investor fears of higher inflation. But those fears may be exaggerated amid ongoing weakness in the labour market and the slowing pace

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