Global Sustainable Outcomes: There’s only one way to summarise Q2: a world divided. In North America and Europe economic recovery exceeded expectations as successful vaccination programmes supported market reopening. Here in the UK we emerged from a bleak winter of
Many will cite the suspension of the Ant Group IPO in November, 2020 as kicking off the crackdown on China’s ‘Big Tech’ companies and presaging the July, 2021 crackdowns across a wider range of industries. However, the regulatory foundations for
Market weekly: Investors with China exposure, or an appetite for it, face a raft of issues ranging from slower growth, which may or may not be condoned by Beijing, to toughened and expanded clampdowns on sectors. Add in persistent Sino-US
The European economic recovery is well under way: gross domestic product (GDP) growth in Europe’s major economies was stronger than expected over Q2, notably in Italy and Spain. As European economies are opening up, services activity has recovered sharply, boosted
In March of this year, regulators across multiple jurisdictions made a well-orchestrated announcement that all non-USD LIBOR rates would be discontinued at the end of 2021. However, and much to the relief of market participants in the US, this announcement
Weekly Economic Perspectives: The Fed is poised to taper asset purchases imminently. Although language in the September meeting minutes maintained some optionality between mid-November and mid-December as start points, we suspect the earlier timeline is more likely. There really is
Diverging macroeconomic policies in China and the US have created market volatility recently amid concerns that China’s growth slowdown could spill over into Asia and a less generous US central bank could mean tighter US dollar liquidity for …
In recent quarters, US companies handily beat consensus earnings estimates as the economy reopened and earnings were compared to the weakness in the 2020 lockdown periods. This neat showing was always going to be a tough act to follow, particularly
Hoewel de verspreiding van de nieuwe Delta Covidvariant de wereldeconomie heeft verstoord, zouden stimulansen en vaccinatieprogramma's een sterke groeivertraging moeten voorkomen. De economische groei is de afgelopen maanden duidelijk vertraagd, grotendeels door de verspreiding van de bijzonder besmettelijke Delta-variant van
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
Investors who want to incorporate ESG considerations into a broad US market passive portfolio have traditionally had to accept a certain (often high) level of deviation from the risk and return characteristics of the underlying benchmark.
Video: Water is a limited resource – yet demand keeps growing. At the same time, climate change greatly affects the availability and quality of clean water through droughts and floods. Given that water …
Flows Overview. Demand for equities remained positive through last quarter, even as the market became more volatile. ETF investments showed net inflows into the majority of categories. Institutional investor flows showed different trends to sector ETFs in their pursuit of
As the world’s largest emerging market, China is always on our radar. However, the recent news of property developer China Evergrande Group has prompted fear in the markets over contagion. Here’s what we’re saying about the current situation.
China bans Bitcoin, embraces dlt with ESG implications We don't have to sacrifice a strong economy for a healthy environment. Dennis Weaver SUMMARY China’s renewed crackdown on bitcoin aims at tackling the country’s problems of power shortages, climate control, creeping
India has been a favourite of emerging market investors for many years. In fact, according to survey data, a majority of mutual fund managers have favoured India more or less since …
Will price hikes be the next S&P EPS leap?: Beware nitrous engine damage This earnings season, we expect S&P 500 companies to beat analyst earnings estimates by more normal amounts; by roughly 5% in aggregate, not 20%+ like the last
Advanced Economies Outlook Q4 2021: The first signs of a slowdown in the remarkable pace of the global economic recovery have emerged. Still, a slow but steady normalisation in advanced economies implies a continuation of above-trend economic activity expansion. Vaccination
The long-term outlook for the US economy calls for peak cycle growth occurring in the summer of 2021 and then a continued moderation towards more trend-like levels over time. This positive growth runway is the flip side of the pandemic-driven
As the dangers of environmental, social and governance (ESG) risks have been broadly explored and acknowledged, many countries have imposed mandatory rules on companies to report more information on these issues in their financial disclosures or standalone sustainability reports. One
Financial market observers have drawn parallels between the recent credit events in China[1] and past crises such as the 2008 US subprime crisis triggered by the collapse of US investment bank Lehman Brothers and the 1998 collapse of hedge fund
China Internet Recent Highlights The rollout of new regulations for internet firms in China has led to investor uncertainty and market volatility. New regulations cover a wide range of issues from monopolistic practices to financial risk from online lenders, data
De klimaatmaatregelen waar beleidsmakers voor staan zijn misschien wel de belangrijkste keuzes in de geschiedenis van de mensheid. Ook in Nederland is het dit jaar met de wateroverlast in Limburg te merken dat er allerlei weerrecords worden gebroken. De
Domestic energy supply shortages in Europe and dependence on volatile global markets are contributing to record gas prices across the continent. In the US, the latest inflation data is further testing the US Federal Reserve’s hypothesis that …
Every prior industrial revolution has had a catalyst followed by transformational change. Steam enabledmechanisation in the first industrial revolution,electricity led to mass production in the second, while technology droveautomation in the …
In Nederland is er dit jaar weinig van te merken, maar ook dit jaar worden allerlei weerrecords gebroken. Terwijl ons land nog een koud voorjaar achter de rug heeft – met zelfs de koudste aprilmaand sinds 1986 – werd het
Travel restrictions have remained in place in Asia, as markets in Europe and North America have gradually moved towards reopening over the summer. This took place even against the backdrop of rising COVID-19 cases. The justification behind …
China is a double-edged sword: it is the world-leading renewables developer, installing more than double the gigawatt (GW) capacity of its nearest competitor over the past decade both in terms of wind and solar power (Figure 1), but at the
The resolution was adopted by the General Assembly and agreed upon by the 193 Member States of the United Nations, with goals to transform our world by 2030. All countries and stakeholders, acting in collaborative partnership, will agree to 17
What is polysilicon, what is its role in solar panels and are there any social and governance concerns around its production? Here is a primer. Polysilicon, a high-purity form of silicon, is a …
Avoid complacency when seeking to buy and hold durable growers. The strategy’s largest holdings and sector allocations bear little resemblance to where they stood two decades ago, a reminder of the massive changes that have taken place in the global
What should investors make of the flurry of regulatory tightening that China has implemented since the second half of 2020? How do the measures fit into China’s central strategy as it seeks to strengthen its domestic sector and embarks on
In our Money Monitor report, we provide a comprehensive flow analysis in European open-ended funds and ETFs. We also look at the main investment trends observed over the past month. Key takeaways: September proved challenging for investors. They faced increased
Allocation views When faced with tough choices, we are inclined to limit the damage that is suffered. This is human instinct—a survival mechanism of sorts. It also brings to mind an old quip that portfolio managers use when considering outperforming
Beijing’s policy actions in the property sector seem to be containing any potential contagion effect. KEY INSIGHTS We are confident that there will be a well‑managed deflation of the debt balloon in the real estate sector and that Evergrande’s troubles
After seven consecutive months of gains, global equities fell by 4.3% in September (the MSCI AC World index in US dollar terms), cropping their year-to-date growth to 9.8%. While emerging market equities posted a similar loss (-4.2% for the MSCI
We are marginally more cautious as the Chinese economy becomes unsettled and supply-chain issues persist, but retain our belief that we are in the middle of the cycle, not approaching the end. After cruising along for months, the S&P 500
“We hebben onvoldoende tijd om de water-, klimaat- en biodiversiteitscrisis stukje bij beetje en één voor één op te lossen.” Dit zei Sandra Postel, winnares van de Stockholm Water Prijs 2021 tijdens de award ceremonie. Helaas is dit wat er
Voya Multi-Asset Perspectives Multiple forces conspired to reduce the outlook for U.S. and global growth over the last three months. Equity market pricing reset lower in September, as Covid continued to confound health experts and frustrate those anxious to resume
Global Asset Allocation: The View From Europe After a crackdown on internet technology and educational companies last month, risks continue to emerge out of China, including the potential fallout in its massive real estate sector following missed debt payments by
The big emerging question Climate change is a global problem: without a successful transition to net-zero everywhere, climate risk is unmanageable anywhere. Emerging markets (EMs) are essential to the global transition – now accounting for 34% of global carbon emissions
Getting Ready for Growth Many alternative asset managers will have to adjust course to capitalize on greater investor demand, emphasizing bespoke solutions, compelling strategies and greater transparency Strategy and Competition The majority of alternative asset manager respondents expect increased allocations
BII Global weekly commentary We believe the debt ceiling dispute will eventually resolve but could trigger more volatility. The broadening economic restart keeps us tactically pro-risk. U.S. job growth slowed sharply in September, but we see it as unlikely to
Executive Summary Improved access for foreign investors to China’s large bond market has started a conversation around the place of Chinese bonds within a global portfolio. Investors are now evaluating whether to make an allocation and, if they do, what
The insurance industry needs to think about sustainability through both an underwriting and an investment lens, says ESG analyst Xuan Sheng Ou Yong. Sustainability issues such as climate change have been gaining more attention among insurance companies since they face
New research from Fidelity explores bitcoin’s characteristics, potential benefits and risks, and other implementation considerations KEY TAKEAWAYS We believe bitcoin is an aspiring asset class in a period of price discovery. Like gold, bitcoin is a high-powered, opportunistic hedging asset
Asset Allocation Fourth Quarter 2021 KEY POINTS The level of growth and the level of policy support remain supportive but have declined marginally, leaving us pro-risk still but less so. Within equities, we prefer Europe, where economic fundamentals are improving and
Investors’ Outlook October 2021 “Envelopes please… and the winner is… Wall Street.” This is the result of our recent allocation review that saw us overweight US stocks at the expense of European ones. The slight change doesn’t alter our overall
Zowel het momentum als de vooruitzichten op lange termijn zijn gunstig voor beleggingen in de brede waardeketen rond hout. Van de aanplanting van bossen tot de verwerking van hout tot enkele van de meest innovatieve materialen. De Timber-strategie van Pictet
As much of the global economy climbs out of the pandemic-induced downturn, investors are scrutinising every new economic data point for clues to the outlook for growth and inflation. I think they should also take the 30,000-foot view afforded by
