Guide to the Markets
Europe | | 4Q 2019 As of 30 September 2019 A 98 page presentation
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Artikelen van JP Morgan
A matter of time
As demand for duration sends US Treasury yields down towards 1.50%, we look at the factors that could potentially push rates through this key psychological level.
The next phase of China's growth
The next phase of China’s growth – J.P. Morgan Institutional Asset Management Skip Nav J.P.Morgan Home / Institutional Asset Management / Library / The next phase of China’s growth 2019 Overview Executive Summary
3Q19 Earnings bulletin: Skating on thin ice
The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and the health of the consumer. However, the past few weeks have seen a deceleration in the pace of employment growth
Slowing Corporate Profit Growth And Equity Markets
For some time now, our relatively downbeat outlook for corporate earnings has been a key driver of our cautious stance on risk assets and equities. Our outlook reflects our macroeconomic view, which sees a world where global growth is running
Spread-Implied Ratings: Implications for insurance capital requirements
IN BRIEF Insurance companies are sensitive to downgrades and impairment losses since both adversely impact capital ratios. Spread-implied ratings can be useful in anticipating corporate bond downgrades since the market often adjusts for deteriorating credit worthiness well in advance of
Central banks and sluggish growth
Central banks and sluggish growth – J.P. Morgan Institutional Asset Management Skip Nav J.P.Morgan Home / Institutional Asset Management / Library / Central banks and sluggish growth 2019 Overview Executive Summary
Review of markets over the third quarter of 2019
After a difficult summer for risk assets, investors returned from their holidays in a bullish mood and drove equities higher in September, leaving global equities broadly flat for the quarter. The quarter was marked by a continued slowdown in the
Currencies through an ESG lens
IN BRIEF We believe a well-designed, tailored approach to using ESG factors for active currency management can be a source of added value for clients over the long term. We have designed our ESG approach as a framework that incorporates
A review of global markets and portfolio positioning in Q3
The third quarter presented conditions in which even the most seasoned of investors rightly feared being whipsawed. Manufacturing data showed an ever-worsening global activity outlook yet the S&P 500, while range-bound, traded near its highs. Investors also observed a seemingly
Warren Peace
Warren Peace Equity markets are still stuck in the Trumpism range we outlined in our last piece as evidence mounts that the trade war is having an adverse impact. Given these rising uncertainties and Senator Warren’s rise in the polls,
Hawks increasingly scarce
As one central bank after the other announces cuts to interest rates, we continue to believe that buying duration will be worthwhile for investors, even with yields close to record lows.
Global Asset Allocation Views Q4
TWO ISSUES HAVE DOMINATED THE ECONOMIC NARRATIVE IN 2019: TRADE AND MONETARY POLICY. So much so that all of the major gyrations in markets over the year can be linked to one or both of them. Rolling one-year returns on
Review of markets over the third quarter of 2019
After a difficult summer for risk assets, investors returned from their holidays in a bullish mood and drove equities higher in September, leaving global equities broadly flat for the quarter. The quarter was marked by a continued slowdown in the
A new way to think about core alternatives: 5%, 7%, 9%
Core fixed income has typically served the role of dampening equity beta while providing a moderate level of income in a portfolio. Income generation, traditionally from bonds, has been essential to well-diversified portfolios—as a source of liquidity and to stabilize
Global Etf Study 2019
Exchange-traded funds (ETFs) have enjoyed spectacular growth since they were launched almost 30 years ago. As well as being widely used in the retail sector, ETFs are taking a growing share of investment portfolios managed by professional investors. Find out
Quality bias in emerging markets
Investment grade and high yield credit in emerging markets have delivered divergent performance over the summer. Could this trend reverse, or is investor caution warranted in the high yield space?
Super Mario goes out with a bang
Mario Draghi reacted to the increased economic risks to the economic outlook with a bold package of monetary easing measures. The extent to which this package in time supports the economy depends in large part on whether it encourages government
Navigating New ECB Stimulus
After he steps down as European Central Bank (ECB) president at the end of October, Mario Draghi may be best remembered for a crucial speech he gave in the depths of the sovereign debt crisis in 2012, when he promised
Is now the time for value?
While September seems to have brought calmer markets at the headline level, beneath the surface this has not been the case. The past few weeks have seen momentum and growth trades come under pressure, with value outperforming growth by 4.1%
Cold Turkey
This is a promotional website and is intended to report solely on investment strategies and opportunities identified by J.P. Morgan Asset Management and as such the views contained herein are not to be taken as advice or a recommendation to
August In Review
We review trends across markets and economies in August 2019, consider what they mean for our multi-asset portfolios and present a positioning update. August started with a bang as President Donald Trump announced a 10% tariff on USD 300 billion
Review of markets over August 2019
The times when investors were able to enjoy a quiet summer seem to be over. August was a volatile month for financial markets, with the VIX averaging 19, compared to 13 in July. The tone of the month was set
A possible change in Chinese currency policy?
IN BRIEF The weakness in the renminbi since the escalation of trade tensions earlier this year has come in contrast to a narrowing in interest rate differentials versus the US dollar. More recently, the renminbi’s weakness has become more idiosyncratic
Uitgelicht
Asset Allocation Consensus September
#Bonds – Losing my Religion -> https://t.co/sv0ec7JDnR #fixedincome #governmentbonds #highyield #emergingmarketdebt via @Investec
Varps Remains Compelling -> https://t.co/X9Ij0XLVpQ #EmergingMarkets #frontiermarkets via @GAMinsights
Varps Remains Compelling -> https://t.co/X9Ij0XLVpQ #VARPS #EmergingMarkets #Equities via @GAMinsights
The SRI Chronicles -> https://t.co/Fvk5LpkOvX #SRI #ESG #UNPRI #ClimateCrisis via @EdeRothschild
With diverging credit and domestic demand trends in China, our expert #Anthony_Chan identifies the two main factors to watch. Read on.
