Batteren aangedreven door schatten uit de oceaan

Batteren aangedreven door schatten uit de oceaan

🕔14:43, 29.Jul 2022

Elektrische wagens spelen een belangrijke rol in de strijd tegen klimaatverandering, maar ze hebben veel zeldzame metalen nodig. Een oplossing voor dat probleem kan op de bodem van de oceaan liggen. Twee jaar. Zo lang heeft het geduurd voordat het

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Alternative Fixed Income and ESG integration

Alternative Fixed Income and ESG integration

🕔12:35, 29.Jul 2022

In this first podcast series on Alternative Fixed Income and ESG we take a look at ESG integration in Alternative Fixed Income: more specifically in Dutch mortgages, Asset Backed Securities and the Government Related Investment Fund. Why invest in Alternative

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Impact of the rise in commodity prices on EM equities

Impact of the rise in commodity prices on EM equities

🕔10:05, 29.Jul 2022

A further rise in commodity prices is a key channel through which the conflict in Russia/Ukraine might affect the rest of EM. If the commodity price increase is sustained, some EM countries may suffer from a deterioration in the terms

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Building Asymmetry in Portfolios

Building Asymmetry in Portfolios

🕔08:52, 29.Jul 2022

Monthly Investment Outlook: Global activity slowed down in late December and should remain moderate in Q1-22. The Omicron impact was limited to a few services, but disruption remained in place in …

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Finding a Bottom in Equities

Finding a Bottom in Equities

🕔15:39, 28.Jul 2022

In this note, we provide some historical context to equity bear markets, explore the size of equity drawdowns during economic …

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Walk, Don’t Run: Mid-Year Update 2022

Walk, Don’t Run: Mid-Year Update 2022

🕔10:44, 28.Jul 2022

As we have highlighted for some time, our macro viewpoint remains that this cycle is different. Specifically, we see uneven supply constraints, higher levels of interest rates, and heightened geopolitical risks against a backdrop of slower real economic growth and

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Views in brief: Nowhere to hide

Views in brief: Nowhere to hide

🕔08:55, 28.Jul 2022

Global tactical asset allocation views brief As inflation data continued to surprise on the upside, major central banks had no other choice but to tighten their monetary policies more aggressively than markets had expected. This led to speculations that a

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Stock market fragility

Stock market fragility

🕔16:47, 27.Jul 2022

Market structure across asset classes is continuously evolving. Consequently, financial markets can be seen as adaptive as the underlying dynamics and interactions between the different actors are not stable through time. These shifts in dynamics in turn impact the risks

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From pain to gain

From pain to gain

🕔14:01, 27.Jul 2022

In our previous outlook, we encouraged investors to tune out “noise” and focus on “signal” — economic and asset class fundamentals evidenced in hard data. We continue to endorse this approach, but acknowledge that even the most diligent followers of

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Decarbonisation of electricity generation: The foundation stone for achieving net zero

Decarbonisation of electricity generation: The foundation stone for achieving net zero

🕔12:00, 27.Jul 2022

Humanity’s strategy for reaching net zero could be crudely described as “electrify everything we can and decarbonise electricity generation”. There is, of course, much more to it than this. But it is true that the virtual elimination of carbon emissions

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Consequences of Russia’s Invasion of Ukraine on Global LNG Markets

Consequences of Russia’s Invasion of Ukraine on Global LNG Markets

🕔10:26, 27.Jul 2022

Russia’s war with Ukraine has led to a substantial demand shock from European countries for liquid natural gas (LNG) imports as the EU seeks to reduce its imports of Russian gas by two-thirds. They hope to offset the shortfall primarily

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The persistence of dividend growers

The persistence of dividend growers

🕔08:39, 27.Jul 2022

The return of inflation and macroeconomic uncertainty is shaking up equity market leadership. We caught up with Grant Cambridge to discuss why including dividend growers as part of a wider portfolio could help investors dampen these risks, and how 25

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2022 Midyear Investment Outlook

2022 Midyear Investment Outlook

🕔08:03, 27.Jul 2022

Much of the world continues to move past the COVID-19 pandemic, but its remarkable effects on economies and policies remain top of mind as a new set of uncertainties enters the picture. Historic pandemic-era moves by both fiscal and monetary

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A case for active non-U.S. small-cap equity

A case for active non-U.S. small-cap equity

🕔19:05, 26.Jul 2022

In this paper, we offer quantitative analysis that builds a case for a long-term allocation to non-U.S. small-cap equity. We are often asked by consultants and institutional investors why they should allocate to non-U.S. small-cap strategies. Conventional wisdom is that

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Play the desynchronization of the cycle

Play the desynchronization of the cycle

🕔16:34, 26.Jul 2022

CROSS ASSET Investment Strategy: The current repricing is a reminder of a regime shift in which stagflationary concerns are becoming prominent. Investors should move towards quality segments in credit and equities, and aim to benefit from the regional divergences that

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Why Invest in Emerging Markets with Impact Investing now

Why Invest in Emerging Markets with Impact Investing now

🕔15:18, 26.Jul 2022

-Emerging market (EM) stocks are trading at attractive valuations vs. developed market (DM) stocks -For a similar level of inflation between EM and DM, a higher level of growth is expected in EM -A China rebound should …

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Private Market Assets: The New Funding Stream That’s Here To Stay

Private Market Assets: The New Funding Stream That’s Here To Stay

🕔15:16, 26.Jul 2022

Private market assets have transformed the investment landscape in the 14 years since the global financial crisis. Latest figures show that there is now almost $10tn1 invested in private markets, in what is becoming a global and ever more diverse

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Fixed income markets: when short term pain can bring long term gains

Fixed income markets: when short term pain can bring long term gains

🕔14:01, 26.Jul 2022

2022 has not been a great time for bonds. The Bloomberg Global Aggregate Index and Bloomberg US Treasury Index both hit historical lows, returning -13.9% and -9.1%, respectively, in the first 6 months of 20221 . Meanwhile, risky asset classes

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Q3 2022 Asset Allocation Outlook: Central bankers strike back

Q3 2022 Asset Allocation Outlook: Central bankers strike back

🕔12:19, 26.Jul 2022

The first six months of 2022 were particularly challenging for investors, as central banks became increasingly determined to rein in inflation – sparking weakness across almost all asset classes. We believe the next six months will also prove tricky, while

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ECB faces tough choices as it prepares to raise rates

ECB faces tough choices as it prepares to raise rates

🕔10:36, 26.Jul 2022

So far in 2022, the European economy has held up remarkably well despite investor worries about a war-induced recession. But as the European Central Bank (ECB) prepares to hike interest rates at its 21 July meeting, the economy faces substantial

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Financieel Advies in Cijfers 2022 – 2023

Financieel Advies in Cijfers 2022 – 2023

🕔08:27, 26.Jul 2022

Onafhankelijk financieel adviseurs zorgen voor gemoedsrust, zekerheid en veiligheid van hun klanten. Zij doen dat door burgers en bedrijven te helpen keuzes bewuster te maken, beter uit te voeren en langer vol te houden. Zo kunnen klanten zich richten op

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EMEA-Listed ETF Flash Flows

EMEA-Listed ETF Flash Flows

🕔17:56, 25.Jul 2022

ETFs suffered net outflows of $2.3bn last week, driven mainly by Equity and Commodity, which lost $1.2bn and $900mn, respectively. Fixed Income exposures saw more muted net outflows losing $270mn.

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Q3 Capital Markets Outlook

Q3 Capital Markets Outlook

🕔14:40, 25.Jul 2022

On the surface, the decision by the Federal Reserve Open Market Committee (FOMC) to increase the upper bound on the federal funds rate by 75 basis points (bps) at its June 15 meeting seems almost anticlimactic in hindsight. By that

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Investing in deflation, inflation, and stagflation regimes

Investing in deflation, inflation, and stagflation regimes

🕔12:04, 25.Jul 2022

We examine asset class and factor premiums across inflationary regimes. As periods of high inflation and deflation are relatively uncommon in recent history, we use a deep sample starting in 1875. Moderate inflation scenarios provide the highest returns across asset

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Licht uit, spot aan: de vermogensverdeling

Licht uit, spot aan: de vermogensverdeling

🕔10:30, 25.Jul 2022

De vermogensverdeling is de afgelopen 15 jaar over het geheel genomen relatief constant, maar schever dan eerder gedacht. Data en statistieken over de vermogensverdeling in Nederland zijn goed, maar niet volledig omdat sommige vermogenstitels (nog) niet of onvoldoende in beeld

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2022 Mid-Year Outlook: Recession Risk on the Rise

2022 Mid-Year Outlook: Recession Risk on the Rise

🕔08:40, 25.Jul 2022

The bar for monetary authorities to make a dovish pivot is quite high, as evidenced by recent statements by Chair Powell, et al. Even if there was a pivot later this year it would still imply a decent moderation in

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Opportunities in alternative fixed income

Opportunities in alternative fixed income

🕔17:20, 22.Jul 2022

The alternative fixed income asset class is highly diverse, embracing private debt, consumer loans, mortgage investments, insured loans, loans to small and medium-sized enterprises (SMEs), infrastructure debt and asset-backed securities (ABS). These assets can offer enhanced yields compared to government

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Benefitting from the forthcoming ECB interest rate rises

Benefitting from the forthcoming ECB interest rate rises

🕔15:18, 22.Jul 2022

Following yesterday’s stronger than anticipated Eurozone inflation print, coupled with recent comments from various ECB members including President Lagarde, Vice-President de Guindos and Chief Economist Lane, the European Central Bank are expected to increase interest rates in July, the first

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A focus on inflation

A focus on inflation

🕔10:24, 22.Jul 2022

The conflict in Ukraine has delivered a commodity price shock similar to that of the early 1970s, shattering hopes that the inflationary uptick may prove to be transitory. As inflation reaches multi-decade highs, we analyse what is driving inflation across

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De gezondheidscrisis heeft de investeringsmogelijkheden in security vertienvoudigd

De gezondheidscrisis heeft de investeringsmogelijkheden in security vertienvoudigd

🕔08:45, 22.Jul 2022

Ondernemingen die beveiligingsproblemen aanpakken, bieden aantrekkelijke lange-termijnopportuniteiten voor beleggers. Daarvan is Anjali Bastianpillai, Senior Product Specialist van de Securitystrategie bij Pictet Asset Management, stellig overtuigd: ‘Je veilig voelen is een menselijke basisbehoefte. Of het nu gaat om bescherming tegen cyberaanvallen,

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US Consumer Inflation: who loses less wins

US Consumer Inflation: who loses less wins

🕔17:00, 21.Jul 2022

June’s Consumer Price Index (CPI) was about the worst composition possible from a Fed perspective as it was (1) a broad-based increase that (2) accelerated. The base effect was supposed to be shading inflation down, but it’s been totally overrun

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Sustainability Report 2021

Sustainability Report 2021

🕔14:18, 21.Jul 2022

I am delighted to introduce you to UBP’s 2021 Sustainability Report. This report highlights our efforts to embed sustainability at UBP. It outlines our vision and strategy as well as progress towards strengthening our responsible investment activities and improving our

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Now what? What’s next for tech

Now what? What’s next for tech

🕔10:23, 21.Jul 2022

Valuations were simply not sustainable The first half of 2022 was anything but pleasant for investors, especially those with exposure to the technology sector. Tech stocks across global markets experienced violent sell-offs, and tech indexes are now firmly in bear

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Responsible Investment in a DC World

Responsible Investment in a DC World

🕔17:34, 20.Jul 2022

In this article, we consider the future of responsible investment expectations in a defined contribution (DC) pensions world. In particular, the expectations of individual members and their pension providers. These are necessarily aligned in the longer term – providers will

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Q2 2022 Global Currency and Macroeconomic Highlights

Q2 2022 Global Currency and Macroeconomic Highlights

🕔16:12, 20.Jul 2022

Headline inflation will likely peak this quarter, but domestic service inflation should continue to rise. Growth is set to slow as consumers feel the squeeze in real …

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Credit Factor Investing with Machine Learning techniques

Credit Factor Investing with Machine Learning techniques

🕔14:02, 20.Jul 2022

Explaining portfolio returns through Fama-French-Carhart models supposes linearity between returns and risk factors. It makes it possible to simply identify relationships as a linear combination of factors, while in reality, these relationships could be much more complex. In support of

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Obligatiebeleggers en de verleidingen van de Costanza-regel

Obligatiebeleggers en de verleidingen van de Costanza-regel

🕔12:37, 20.Jul 2022

Moeten wereldwijde obligatiebeleggers, na een moeilijk begin van het jaar, George Costanza van Seinfeld volgen en tegen hun instinct in handelen? Voor obligatiebeleggers zijn het ongelooflijk moeilijke maanden geweest. Er was geen plaats om zich te verbergen, aangezien de meeste

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A Bigger Boat

A Bigger Boat

🕔09:17, 20.Jul 2022

Market views from BlackRock Systematic Investing: Central bankers across the world are facing a “Jaws”-sized inflation problem. Like Roy Schneider’s character in the shark-themed summer movie classic, they are now realizing they are going to “need a bigger boat” to

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Rising Risk of Recession

Rising Risk of Recession

🕔16:33, 19.Jul 2022

May’s reprieve proved short-lived as recession joined inflation fears pushing equity/bond prices lower in June. Concerns have risen as the increasingly hawkish Fed rhetoric at its June meeting suggests a willingness to trade rising …

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Schroders Equity Lens – Q3 2022

Schroders Equity Lens – Q3 2022

🕔14:19, 19.Jul 2022

Global equities fell in Q2, extending year-to-date declines. The MSCI World Index returned -16.2% in Q2, taking the YTD fall to -20.5%. The market backdrop remained dominated by concerns over higher inflation, rising …

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The Positive Impacts of US LIHTC Investing

The Positive Impacts of US LIHTC Investing

🕔12:05, 19.Jul 2022

The Low-Income Housing Tax Credit (LIHTC) program is the most significant resource for creating affordable housing in the United States. Created by the Tax Reform Act of 1986, the LIHTC program gives state and local LIHTC-allocating agencies tax credits worth

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Cloudy with a chance of recession

Cloudy with a chance of recession

🕔10:57, 19.Jul 2022

The slump in global equities deepened in the second quarter of 2022 as concerns about a recession replaced fears of high inflation and an escalation of the war in Ukraine seemed less likely. The US Federal Reserve has maintained its

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Barometer: Goedkoop, maar niet goedkoop genoeg

Barometer: Goedkoop, maar niet goedkoop genoeg

🕔08:30, 19.Jul 2022

Zelfs als de aanhoudende sell-off op de aandelenmarkten de waarderingen naar niveaus brengt die niet stroken met de fundamentals, zijn er goede redenen om onderwogen te blijven in aandelen en hoogrentende obligaties.

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Mega trends: Zeven trends om in 2022 in de gaten te houden

Mega trends: Zeven trends om in 2022 in de gaten te houden

🕔20:15, 18.Jul 2022

De belangrijkste trends volgens Pictet Asset Management op het gebied van wetenschap, technologie en duurzaamheid voor de komende 12 maanden – en daarna. 1. Focus op voedselzekerheid De recente verstoringen van de toeleveringsketen – en de daaruit voortvloeiende lege schappen

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Global Mining Outlook 2022

Global Mining Outlook 2022

🕔16:00, 18.Jul 2022

Changing times Ever since we began our global survey of mining executives 12 years ago, one thing has been constant: the top risk for the industry has always been commodity prices. So this year marks quite a moment: commodities markets

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TIPS: How they function and the headwinds they face

TIPS: How they function and the headwinds they face

🕔14:50, 18.Jul 2022

Key takeaways TIPS can help investors maintain their purchasing power in inflationary periods, because their principal value adjusts with changes in the Consumer Price Index for All Urban Consumers, providing a real rate of return that exceeds that of nominal

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Pictet Asset Management Secular Outlook 2022 deel 2

Pictet Asset Management Secular Outlook 2022 deel 2

🕔11:56, 18.Jul 2022

Wat zal de financiële markten de komende vijf jaar stimuleren?In de Secular Outlook 2022 gaat Picet Asset management dieper op deze vraag in. Van groot belang hierbij is de ondergang van wat de Washington consensus wordt genoemd.  De ondergang van

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Global Economic Prospects

Global Economic Prospects

🕔10:54, 18.Jul 2022

The world economy continues to suffer from a series of destabilizing shocks. After more than two years of pandemic, the Russian Federation’s invasion of Ukraine and its global effects on commodity markets, supply chains, inflation, and financial conditions have steepened

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A few words from the real world

A few words from the real world

🕔08:15, 18.Jul 2022

“Gold and silver is money. Everything else is credit.” J.P. Morgan A few words from the real world I have just secured the mortgage on my new home. In the end, I opted for a loan which tracks 3-month EURIBOR

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Podcast: Corporate Green Bonds: fostering a net-zero emissions economy and protecting the environment

Podcast: Corporate Green Bonds: fostering a net-zero emissions economy and protecting the environment

🕔11:14, 17.Jul 2022

Green bonds enable capital-raising and investment in projects that foster a net-zero emissions economy and protect the environment. Green bonds can cover a variety of projects, such as renewable energy, energy efficiency, green buildings, clean transportation, a circular economy, and

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