Are we witnessing the end of globalisation or are reports of its demise greatly exaggerated? Talha: Globalisation is the process of growing interdependence between the global economies as measured through cross-border trade, finance, information and migration flows. Historically, globalisation has
Economic and Strategy Viewpoint Q2 2022 – The peak in global inflation is probably not far away, but there are several reasons to think that it will fall relatively slowly. Lockdowns in China have caused bottlenecks in global supply chains
De Olympische Spelen van Parijs en nieuwe Franse regelgeving zetten de schijnwerpers op de voordelen van hout als bouwmateriaal. Op 21 november trapt Nederland samen met Senegal het Wereldkampioenschap voetbal af in Qatar. Er is veel kritiek op het event,
Global first-quarter dividends jumped by 11% on a headline basis to a total of $302.5bn, a record for the seasonally quieter first three months of the year. Underlying growth, which adjusts for oneoff special dividends, exchange rates and minor technical
The Bank of Japan (BOJ) currently has no plans to issue central bank digital currency (CBDC), but to ensure the stability and efficiency of settlement systems as a whole, the BOJ regards it …
Weekly as of 20 May 2022 ETFs saw net outflows of $784mn last week, driven by Fixed Income, which suffered $1.6bn of net outflows, and Commodity, which lost $540mn.
We kijken naar het belang van de Russische invasie van Oekraïne voor opkomende markten op de middellange en lange termijn. De Russische invasie van Oekraïne heeft de aandelen- en obligatiemarkten wereldwijd in beroering gebracht. Maar in de opkomende markten zullen
Voya Perspectives Series | May 13 – May 19, 2022 The S&P/LSTA Leveraged Loan Index (the “Index”) returned -0.44% for the seven-day period ended May 19. Although the last two trading sessions were more volatile, in line with broader market
INTRODUCTION Inflation has rebounded from the pandemic-induced recession lows with a vengeance. In the US, the pace of the yearly headline consumer price index (CPI) accelerated to 7.5% in January, a 40-year high. Similarly in the euro area, the annual
Identifying, monitoring and preventing human rights violations is not only a government responsibility but also a corporate concern. Operations across a company’s value chain play a key role in human rights outcomes as reflected in the 10 principles of the
Cybersecurity is one of the fastest growing investment areas for businesses and governments alike, driven by the exponential growth in the adoption of both Cloud Computing and IoT. This explosion in connectivity and cloudbased storage comes hand-in-hand with the risk
After several decades of riding a government bonds bull market, investors are now looking for alternative drivers of return. Commodity Trading Advisor (CTA) strategies, with their ability to make gains in rising, as well as falling markets, have historically been
Key takeaways CDP* has recognised UBAM – Positive Impact Emerging Equity (PIEE) with a Climetrics Fund Award: The top five funds in each asset classes were picked from 18,000 global funds with a total value of EUR 15 trillion. PIEE
Moderating global growth as policymakers grapple with persistent inflation Global economic growth looks likely to continue in 2022, albeit at a more modest pace. The COVID-19 pandemic does, however, add uncertainty to the outlook, as evidenced by the recent emergence
On-chain crypto-assets transaction volumes have grown rapidly, particularly during the COVID-19 pandemic. Crypto-assets activity appears to be a global phenomenon, although it still remains modest relative to gross domestic product for most countries. Panel regressions across more than 130 countries
High yield bonds have become a mainstream asset class for many institutional investors. Historic returns are impressive, particularly on risk-adjusted measures, and an allocation to high yield bonds can add value to an overall portfolio. For defined contribution (DC) pension
Global dividends jumped 11% in Q1 2022 to a first-quarter record of $302.5bn . Underlying growth was even stronger at 16.1%. Every region saw double-digit growth due to a stronger economic backdrop and the ongoing catch-up in payments following the
The urgent need for action on climate change and likely policy responces means that investors need to think about carbon in their portfolios. And they need to do so from multiple perspectives.
With environmental, social and governance (ESG) issues dominating the international policy agenda – and as investor demand for new ESG financial products and services continues to grow – global debt markets, and by extension fixed income portfolios, are about to
Diverging economic outlooks in Europe, US and China, along with persisting geopolitical risks, underscore the need to explore relative value opportunities across asset classes. On duration, we think investors should be flexible but no longer as short as they were
Our second annual study captured views from over 1,100 professional investors from 19 markets around the globe on ESG issues
April saw the coordinated bond and equity sell-off continue as the ECB joined the increasingly hawkish tone out of the Fed and added to heightening growth concerns in the month. Indeed, this shifting in the growth-inflation balance is …
As the chief research officer of Buckingham Strategic Partners, the issue I am being asked to address most often is about fixed income strategies when yields are at historically low levels and inflation risk is heightened due to the unprecedented
Private markets rebounded in 2021, after a year of pandemic-driven turbulence that suppressed fundraising and deal making. Fundraising climbed to a record of almost $1.2 trillion, up by almost 20 percent over 2020. Growth was widespread across asset classes and
We live in a world that is increasingly digitalized: most economic transactions and social interactions today occur remotely through the internet. The rapid digitalization of our lives also coincides with the growth of large social media and financial service companies
Global Asset Allocation: The View From Europe War, inflation and lingering COVID-19 impacts have set the stage for a challenging start to 2022 for investors, with both stocks and bonds down over 9% in response. While dynamic, stocks and bonds on
As of April 2022, CTAs (as measured by the Barclay BTOP50 Index) have returned 35% over the 18 months since the US Presidential Election in November 2020. Over the preceding 18 months, CTAs returned only -0.2%. What happened?
We are witnessing significant divergences in the economic outlook (we have revised down the EU and Chinese economic outlooks vs. the more resilient US economy) and in market performances. In particular: (1) Inflation expectations – short-term peak vs. long-term rise:
The chance to see a positive resolution between Russia and Ukraine has continued to decline. Conversely, ongoing geopolitical tension appear to be the new reality – so market participants will just have to get used to it. Unlike in recent
For the reader in a hurry: we have not been able to find systematic alpha in ESG data for sovereigns so far. However, an ESG approach to sovereign debt selection can be additive in at least three ways: (1) a
The chance to see a positive resolution between Russia and Ukraine has continued to decline. Conversely, ongoing geopolitical tension appear to be the new reality – so market participants will just have to get used to it. Unlike in recent
Q2 Strategy Outlook In the second quarter, there are two overriding themes: the geopolitical situation is more dangerous than many of us can remember, and markets are dealing with inflation not seen in at least 40 years. We believe investors
For most of the past year, gold has been ignoring the red-hot inflation that we have been living in. Our internal forecasts model indicates that gold, when factoring in a US inflation rate of 7.9% in February 2022, should be
Schroders Recession Dashboard: what is it telling us? Deforestation: what could be the market impact of new EU ban? Which emerging markets are most at risk of defaulting on their overseas debts?
The tug of war between rising real yields and slowing earnings growth remains a feature of US equity markets, while the knock-on effects of the war in Ukraine hang over European stocks and Covid lockdown concerns cloud the prospects for
Global economic optimism declined in the first quarter of 2022. War in Europe added to already stiff inflationary headwinds from continued supplychain disruptions. A more hawkish tone from the Fed and other major central banks fuelled concerns of slowing global
Higher prices supported by a considerable percentage of global production coming from Russia and Ukraine have caught many commodities in the crosshairs of the Russian-Ukraine war. Concerns are growing over the ability to source these commodities from outside of Ukraine
MONTHLY INVESTMENT OUTLOOK Bond markets continued their 2022 slump while equity markets rebounded in March as both began to look beyond the Russia-Ukraine narrative and focus on the evolving global economic and policy backdrop. Expectations in both the US and
The first quarter of 2022 was tumultuous for the global economy and financial markets. The conflict between Russia and Ukraine spawned a rally in US Treasuries, but the disruption to metals, agricultural and energy commodity markets only spurred inflation further.
Zal artificiële intelligentie de mensheid overheersen en bedreigen of kunnen we leren om met deze ongelooflijke technologie te leven? Twee experts op het gebied van AI geven hun mening. Artificiële intelligentie (AI) is misschien wel de belangrijkste technologie die mensen
Inflation was already running well above central banks’ targets as we entered the year. The war has put additional pressure on prices and supply chains and this could have repercussions not just on oil, but on other commodities as well.
The urgent need for action on climate change means that investors need to think about carbon in their portfolios. And they need to do so from multiple perspectives. To help investors do this, we have developed a carbon framework.
Global economic optimism declined in the first quarter of 2022. War in Europe added to already stiff inflationary headwinds from continued supplychain disruptions. A more hawkish tone from the Fed and other major central banks fuelled concerns of slowing global
Is This What “Unprecedented and Extraordinary” Actually Feels Like? Unprecedented and extraordinary. For more than a decade, this was the description for actions taken by the Federal Reserve to keep the economy—and by extension, risk assets—on track. If you wanted
ETFs suffered heavy net outflows, losing $4.9bn last week. Equity weathered net outflows of $2.9bn while Fixed Income lost $1.2bn. Commodity also saw significant net outflows of $841mn while Money Market gathered $181mn.
Loan prices sharply retreated this week due to spiking volatility across global financial markets, as the S&P/LSTA Leveraged Loan Index (the “Index’) experienced some of the worst daily marks since March 2020. Overall, the Index lost 2.05% for the sevenday
Global Value Spreads Hypothetical AQR Industry-and-Dollar-Neutral All-Country Value Portfolio
Innovation stocks have become a popular investment theme but are facing scrutiny. We build a half-century backtest of innovation that invests in a rotating portfolio of technologies trending in patent data. Innovation has delivered positive long-term returns distinct from growth
The Private Equity Market in 2021: The Allure of Growth In a record-breaking year, private equity investors made it plain that it’s not just about buyout anymore. By just about any measure, private equity set a remarkable new standard for
Just before COP26, we wrote about what net zero means to those responsible for portfolios with multiple asset classes* . In this paper we address the practical aspects for asset owners and investors of getting on the decarbonisation path and
