LS China through regulatory and businessupheaval

LS China through regulatory and businessupheaval

🕔15:40, 31.Aug 2021

Trading conditions in China have severely deteriorated. After reaching their peak by mid-February, stocks lost earlier gains in March, on evidence of a plateauing economy and as stretched investors' positioning unwounded. Chinese markets were then stuck in a volatile trading

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ETFs in EM local debt: Do they work?

ETFs in EM local debt: Do they work?

🕔12:46, 31.Aug 2021

In recent years we’ve seen a surge of interest in exchange traded funds (ETFs) as a cost efficient and effective way to try and replicate market index performance. But are ETFs as effective as investors think? As part of our

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Merger Arbitrage Opportunity

Merger Arbitrage Opportunity

🕔12:14, 31.Aug 2021

Sellers Squeeze through a Narrow Door: Lord Rothschild famously said, “the time to buy is when there's blood in the streets.” A confluence of technical reasons and limited fundamental disappointment has led to remarkable carnage in the merger arbitrage space

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Forse stijging tot nu toe in 2021

Forse stijging tot nu toe in 2021

🕔08:34, 31.Aug 2021

Dekkingsgraadscan pensioenfondsen: In deze dekkingsgraadscan vindt u meer informatie over de dekkingsgraad van een gemiddeld Nederlands pensioenfonds. We geven een overzicht van de ontwikkeling van de actuele en (12-maands) voortschrijdend gemiddelde dekkingsgraad in het …

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Dimly aware of a certain unease in the air

Dimly aware of a certain unease in the air

🕔15:20, 30.Aug 2021

We borrowed a line from a Pink Floyd song for this week’s title, which seemed to sum up the mood in markets last week. The rise in cases of the delta variant of Covid brings fears of a pause in

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Blending Quant and Fundamental Portfolio Construction Inputs

Blending Quant and Fundamental Portfolio Construction Inputs

🕔14:05, 30.Aug 2021

Because our multi‑sector strategies have the flexibility to invest across many fixed income sectors, we use a range of quantitative and fundamental inputs to inform our sector allocations. The sector strategy advisory group (SSAG) model is one of these tools.

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Economic and Strategy Viewpoint September 2021

Economic and Strategy Viewpoint September 2021

🕔12:42, 30.Aug 2021

Forecast update: a touch of stagflation We still expect a robust recovery in the world economy, but the outlook has moved in a stagflationary direction as growth momentum fades and price pressures rise. Our forecast for global GDP growth is

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Inflation is temporary

Inflation is temporary

🕔10:58, 30.Aug 2021

The difference between price and inflation The recent jump in inflation reflects an uneven recovery from the pandemic rather than a long-term shift U.S. job growth has been lower than expected even as demand for workers remains robust. Consumer prices

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PIMCO’s Capital Market Assumptions, August 2021

PIMCO’s Capital Market Assumptions, August 2021

🕔09:50, 30.Aug 2021

Executive Summary Vaccine-driven reopenings propelled U.S. economic growth in the first half of this year, leading to a significant uptick in inflation. While PIMCO believes that today’s high levels of inflation will likely prove transitory, we believe the Federal Reserve

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Long View Q2: the impact of rates on returns

Long View Q2: the impact of rates on returns

🕔08:15, 30.Aug 2021

1 / Summary Within this report, we present the DWS long-term capital market assumptions as of the end of June 2021 for major asset classes. As the world has continued to rebound strongly from the COVID-19 crisis, global risk markets

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De natuurlijke rem op bevolkingsgroei

De natuurlijke rem op bevolkingsgroei

🕔14:45, 27.Aug 2021

Er wonen ruim drie keer zoveel mensen op aarde dan 70 jaar geleden. Die toename verklaart voor een groot deel waarom we tegenwoordig veel meer vragen dan onze planeet ons kan geven. In de film ‘A Life on Our Planet’

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De opmars van AI

De opmars van AI

🕔13:17, 27.Aug 2021

Uitdagingen voor beleggers na de coronapandemie: Ook voordat de coronapandemie de wereld begin 2020 overspoelde, verspreidden kunstmatige intelligentie (AI) en gerelateerde technologieën zich al van hun bakermat – tech- en internetbedrijven – naar andere sectoren. Door de coronacrisis kwam de

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A distinctive approach to investing

A distinctive approach to investing

🕔12:02, 27.Aug 2021

A distinctive approach to investing  Capital Group has been investing around the globe for more than 60 years. Its unique multiple-portfolio manager approach, The Capital SystemSM, sets it apart from many other global asset managers. Rob Lovelace – who is

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Why This “Value” Recovery May Have Only Just Begun

Why This “Value” Recovery May Have Only Just Begun

🕔11:07, 27.Aug 2021

Economic recovery and earnings momentum set to sustain the rotation back to value. Value as an investment style is enjoying a revival. After being described as moribund by some, we started to see a rotation from “growth” to “value” in

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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?

🕔10:05, 27.Aug 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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Monthly Investment Outlook August 2021

Monthly Investment Outlook August 2021

🕔16:53, 26.Aug 2021

Our expectation of a mini-cycle is playing out largely as expected with US economic data no longer surprising to the upside and Euro area upside economic surprises waning. August should see the US Federal Reserve begin to pivot its policy

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Dimly aware of a certain unease in the air

Dimly aware of a certain unease in the air

🕔14:14, 26.Aug 2021

We borrowed a line from a Pink Floyd song for this week’s title, which seemed to sum up the mood in markets last week. The rise in cases of the delta variant of Covid brings fears of a pause in

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Fashion eyes sustainability via the circular economy

Fashion eyes sustainability via the circular economy

🕔12:01, 26.Aug 2021

The textiles industry is one of the most pollutive in the world, emitting more CO2 than aviation and shipping combined. But a leading sports firm is showing one way the sector can embrace radical change. I love shopping for clothes

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China: Transitioning To A Brave New World

China: Transitioning To A Brave New World

🕔09:04, 26.Aug 2021

The return of volatility to China markets. China’s equity markets have been roiled by a combination of concerns in recent weeks, culminating in the fallout from the Archegos family office liquidations in late March. However, this volatility has retraced …

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Pensioenakkoord uitgelegd Deel 6: Solidariteitsreserve

Pensioenakkoord uitgelegd Deel 6: Solidariteitsreserve

🕔08:00, 26.Aug 2021

Vorig jaar 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 bespreken we het pensioenakkoord en de

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Building Confidence Toward Your Retirement

Building Confidence Toward Your Retirement

🕔17:49, 25.Aug 2021

Confidence in one’s future retirement starts with recognizing that today’s financial behaviors and progress made toward financial goals affect tomorrow’s outcomes. Confidence declines as retirement approaches, which may reflect increasing anxiety and uncertainty for preretirees as they approach retirement. Retirees

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European commercial real estate: play the re-opening with quality assets

European commercial real estate: play the re-opening with quality assets

🕔14:19, 25.Aug 2021

The European economy is emerging from its worst economic slump since the Great Depression. As the vaccine rollout progresses quickly across the continent, mitigation measures and travel bans are being lifted, allowing growth to revive. As the European economy recovers,

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Asset Class Return Forecasts

Asset Class Return Forecasts

🕔13:15, 25.Aug 2021

The first half of 2021 has been witness to exceptional growth in demand fueled in large part fiscal stimulus and waning Covid-related restrictions. Latest data release indicates the major economies may be at the onset of high-water mark of economic

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High Yield Market Remains Attractive, but …

High Yield Market Remains Attractive, but …

🕔09:46, 25.Aug 2021

Various Push-Pull Factors Argue for a Watchful Investment Approach: The U.S. and global high-yield markets experienced a strong second quarter. Year-over-year trends in corporate fundamentals based on first-quarter earnings released in the …

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How inflation can be an opportunity for active fixed-income investors

How inflation can be an opportunity for active fixed-income investors

🕔18:27, 24.Aug 2021

Rising prices for goods and services are one of the biggest risks for investors in conventional government bonds. But there are ways for active managers to generate positive returns from rising – and falling – inflation. The key is to

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Is the Value Rally in Emerging Markets Sustainable?

Is the Value Rally in Emerging Markets Sustainable?

🕔14:18, 24.Aug 2021

Value investing is coming in from the cold.  After a decade of strong value outperformance in emerging market equities from 2001 to 2010 came a decade of sustained underperformance. In 2020, the value/ growth divergence in EM reached an extreme

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Another quiet week

Another quiet week

🕔10:34, 24.Aug 2021

In Credit: Bond markets continue to lack much direction. It was inflation week in the US. As expected, the headline rate of consumer price inflation came in at 5.4%, unchanged from the prior month (see Chart of the week), while

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Climate change revisited

Climate change revisited

🕔09:26, 24.Aug 2021

A range of emission and temperature change scenarios are examined. It is clear that technology will be key in mitigating change. However, we think large-scale adaptation could benefit infrastructure, engineering, housing and …

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Worried About Inflation? Pay Attention to Labor Participation

Worried About Inflation? Pay Attention to Labor Participation

🕔03:58, 24.Aug 2021

Fixed Income Perspectives: U.S. consumer prices see their largest increase since 2008, topping all estimates. That summarizes headlines about recent inflation data. Since the beginning of this year, our view has been that the change …

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Equities rally as economic and virus news shifts

Equities rally as economic and virus news shifts

🕔15:18, 23.Aug 2021

CPI inflation was lower than expected in July. The slowdown in consumer prices was welcome news for markets, and supports the views of central bankers and others who have deemed this …

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Getting granular

Getting granular

🕔13:03, 23.Aug 2021

Portfolio perspectives – August 2021: The volatility we have seen just in the two months since we published our midyear investment outlook reflects – in our view – the unusually wide range of divergent yet plausible economic outcomes that potentially

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Chinese growth worries look overdone

Chinese growth worries look overdone

🕔11:14, 23.Aug 2021

Emerging market assets continued to underperform in a week filled with geopolitical upheaval. Low vaccination rates and increasing policy tightening in the emerging world are a source of concern. The market is also worried about Chinese growth prospects, although we

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Predicting Equity Returns with Inflation

Predicting Equity Returns with Inflation

🕔09:30, 23.Aug 2021

Key Points Rather than predicting what will happen to inflation in the future—a particularly arduous and humbling task—we ask a simple question: What can past inflation dynamics tell us about the equity market’s future returns? We propose two new investment

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Klimaatrisico en Strategische Asset Allocatie

Klimaatrisico en Strategische Asset Allocatie

🕔08:20, 23.Aug 2021

Marktvisie ESG-integratie:  Klimaatrisico wordt steeds tastbaarder, zowel in de fysieke- als in de beleggingswereld. 2020 was, samen met 2016, het warmste jaar ooit sinds het begin van de metingen in 1880: de (oppervlakte) temperatuur bereikte een niveau van 1,02 graden

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The arrival of long expected inflation.

The arrival of long expected inflation.

🕔13:02, 20.Aug 2021

In Credit: Inflation had long been expected to rise – and rise it has! Data released from the US and UK last week showed a jump in prices that exceeded (increased) expectations by some margin. Starting in the US, Consumer

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Why active investing is an attractive approach for Japanese equities

Why active investing is an attractive approach for Japanese equities

🕔12:34, 20.Aug 2021

The Bank of Japan’s (BoJ) recent decision to adjust its ETF purchase programme has given investors plenty to think about from the impact on asset prices to the longer term future of the country’s monetary easing policies. In this paper,

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De wereld heeft een veel hogere koolstofprijs nodig

De wereld heeft een veel hogere koolstofprijs nodig

🕔12:10, 20.Aug 2021

De CO2-prijzen kennen tot nog toe geen succes. Maar ze zouden wel eens snel een pijler van de groene economie kunnen worden. De transitie van een economie op fossiele brandstoffen naar een economie op basis van hernieuwbare energie belooft net

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Opportunistic Investing in a Dynamic High Yield Market

Opportunistic Investing in a Dynamic High Yield Market

🕔11:40, 20.Aug 2021

Investment flexibility may enhance risk-adjusted returns.  With the economy continuing to recover from the global pandemic, we believe investors could benefit from an allocation to below investment-grade credit. Equity valuations appear somewhat stretched after a rally that began more than

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Ecosystem restoration: Why should investors be interested?

Ecosystem restoration: Why should investors be interested?

🕔10:36, 20.Aug 2021

Market weekly: Addressing ecosystem restoration is just as pressing as tackling CO2 emissions and can generate billions of dollars of investment opportunities, as Ulrik Fugmann and Edward Lees, co-heads of the Environmental Strategies Group, explain. Much of the focus in the debate on

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DC pensions: UK and NL experiences

DC pensions: UK and NL experiences

🕔08:00, 20.Aug 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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Dynamic US Dollar Bond: Positioning for rising rates

Dynamic US Dollar Bond: Positioning for rising rates

🕔15:25, 19.Aug 2021

Flash Update: Following the continued improving macroeconomic backdrop, the Fed are expected to signal a cessation of monetary stimulus in the coming months, initially with asset purchase tapering, followed by raising interest rates. In anticipation of such a move, investors

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Global Asset Allocation: The View From Europe

Global Asset Allocation: The View From Europe

🕔14:34, 19.Aug 2021

At the same time that China has taken steps to stabilise its slowing economy with measures such as a surprise reserve requirement ratio cut and pledge to increase fiscal support, policymakers continued to advance social policies through increased regulation, the

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The eurozone’s sleeping giant

The eurozone’s sleeping giant

🕔12:58, 19.Aug 2021

According to the latest Sentix Euro Break-up Index, the probability that the euro will break up within the next twelve months, as perceived by investors, is at an all-time low. Volatility in eurozone government bonds has all but fizzled out.

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China Has A (Regulatory) Plan

China Has A (Regulatory) Plan

🕔10:01, 19.Aug 2021

China increases regulatory pressure as part of its new five-year plan. By tightening the regulation of education providers on July 23, the Chinese government dealt another blow to investors. Individual stocks in the sector lost over two-thirds of their market

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Balancing Act

Balancing Act

🕔08:30, 19.Aug 2021

Global Asset Allocation: The View From Europe At the same time that China has taken steps to stabilise its slowing economy with measures such as a surprise reserve requirement ratio cut and pledge to increase fiscal support, policymakers …

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Part 1: inflation – tall tales and true causes

Part 1: inflation – tall tales and true causes

🕔12:53, 18.Aug 2021

Much Ado about Nothing Fears of inflation often make themselves felt at the strangest times. During the 2008-09 recession many were warning of inflation and even hyperinflation due to the government and central bank policies being enacted in response to

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What are your views on China education regulation

What are your views on China education regulation

🕔10:43, 18.Aug 2021

Zhikai Chen: On Saturday 24 July, China imposed stricter regulations on China’s education sector, including re-classifying tutoring companies as having “non-profit” status. The State Council officially released the Double Reduction (2R) policy. As a result, China education stocks plunged, and

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Regelgeving in China biedt volgens BNP Paribas Asset Management kansen voor beleggers

Regelgeving in China biedt volgens BNP Paribas Asset Management kansen voor beleggers

🕔09:30, 18.Aug 2021

Na e-commerce- en internetbedrijven heeft ook de onderwijssector stengere regels opgelegd gekregen in China. Door de nieuwe regelgeving staan deze sectoren onder druk. Maar Beijing is niet van plan deze sectoren te vernietigen, aangezien innovatieve bedrijven de drijvende kracht achter

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Sticking With Value

Sticking With Value

🕔15:07, 17.Aug 2021

From November 2020 to early May 2021, U.S. value stocks generated strong absolute and relative performance versus U.S. growth stocks, a trend also seen in global equity markets. However, the value rally has recently fizzled, and growth stocks have regained

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Set to transition to the next stage of the mini-cycle

Set to transition to the next stage of the mini-cycle

🕔12:40, 17.Aug 2021

Monthly Investment Outlook: Our expectation of a mini-cycle is playing out largely as expected with US economic data no longer surprising to the upside and Euro area upside economic surprises …

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