De Chinese economie is sterk maar beleggers moeten op hun hoede blijven Als de Chinezen aanstaande zaterdag (25 januari) het Jaar van de Rat ingaan, is de economische groei van China weliswaar duurzamer geworden, maar hoogwaardige bedrijven zijn nog steeds zeldzaam.
U.S. equities rose for a second consecutive week, with the S&P 500 Index advancing close to 2%. 1 The signing of the U.S./China phase-one trade deal and the ratification of the USMCA trade agreement seems to have removed some significant
Insight Report 15th Edition In partnership with Marsh & McLennan and Zurich Insurance Group
Marktcommentaar – 20 januari 2019 Net als veel andere grote opkomende markten is India de afgelopen jaren qua rendement achtergebleven. Voor de lange termijn zijn er echter sterke drijvers voor de aandelenmarkt van het subcontinent, zo stelt Lodewijk van der Kroft, partner
At the end of 2018, “at-risk” firms in France were estimated to have total gross debts of EUR 187 billion. A 100 basis-point rise in their cost of financing could push this amount up by 60%, potentially posing a risk
Insight An EU-UK free trade agreement will result in new barriers to trade and border friction even if the UK chooses to unilaterally align itself with EU rules and regulations. Prime Minister Boris Johnson has said that the UK will “not
Morningstar Investment Management Insights Welcome to the new year. As many readers will know, we tend to assign our yearly outlooks over a 10-year plus horizon, not one. That said, we do believe we have a role to play in
What are ESG criteria? ESG (Environmental, Social and Governance) criteria are non-financial analytical criteria used to evaluate how companies take sustainable development into account in relation to their operations and medium to long-term strategy. They are broken down into three
Samenvatting De strategie geeft aan waar de AFM zich de komende jaren op gaat richten. De AFM-strategie 2020-2022 bouwt voort op de vernieuwing en versterking van het toezicht die de afgelopen jaren is ingezet en beweegt mee met wat er in de buitenwereld gebeurt.
This follows a very strong, but somewhat unanticipated performance in 2019, largely off the back of substantial gains in the equities market. The outlook for the wealthy improved over the last few months of 2019, yet worries remain over febrile
Voorwoord Het toezicht van de AFM draait om het tijdig zien, begrijpen en aanpakken van belangrijke toezichtproblemen. Trends beïnvloeden ons speelveld en zorgen voor nieuwe kansen en risico’s. De Agenda 2020 duidt de belangrijkste trends in de financiële sector en laat zien op welke belangrijke risico’s we ons komend jaar
Executive summary ESG themes are long-term, but some can emerge with sudden force. We are watching five trends we believe will unfold in 2020 to catapult ESG investing into the new decade. Solving the climate crisis is likely to take
Screening – The screening starts by selecting the range of funds registered for sale in The Netherlands for the specific asset class. – In order for a fund to make it through the screening, the eligibility of each fund in
Special editio: 2020 Outlook T he central banks are set to pursue monetary accommo- dation right throughout 2020, reluctant to risk curbing the world economy, which continues to de- velop at a pedestrian pace with no ex- pectations of a
Following another year of strong returns, Emerging Markets (EM) fixed income has outperformed developed bond markets by a significant margin over the past four years. The outperformance is likely to continue in 2020, because EM fixed income remains attractively priced both in
House View 2020 Outlook The document is produced quarterly by our investment professionals and is overseen by the Investment Strategy team. We hold a House View Forum biannually at which the main issues and arguments are introduced, discussed and debated.
2020 is a tipping point. 2020 is a tipping point.We’ve lived with growing levels of geopolitical risk for nearly a decade, but without a true international crisis. Outside of geopolitics, global trends have been strongly favorable. That’s now changing. Globalization is key.
Spectrum Asset Management: 2020 Outlook Macro and market Some macro risks—such as Brexit—appear to be de-escalating, but uncertainties continue; trade war negotiations are likely to overhang sentiment into the United States election. The U.S. election process should be spirited and
As financial intermediaries navigate the current industry landscape to seek the best results for clients and help maximize their own performance, Mercer and Morningstar have identified five key areas for firms to consider. 1. Strong Governance Financial intermediaries are moving
Much has changed since we published our 2018 Alternative Income Study. At that time, the global economy was running along nicely, which was expected to bring an end to a decade of monetary easing by central banks; most major equity
Allocators and investors struggle with measurements of risk for illiquid asset classes, believing that standard deviation and correlation may be understated due to a lower pricing frequency (quarterly instead of daily) and possible smoothing of valuations. Statistical methods to “unsmooth” illiquid asset
With almost 4 trillion Euros of assets under management, the EEA’s Institutions for Occupational Retirement Provision (IORPs) sector is an important actor on financial markets with implications for financial stability. The diversity of the frameworks for occupational pensions in Europe
Blitz and Marchesini (2019) question the investability of factor indices and argue that active management is needed to avoid capacity issues. We show that these claims do not hold. Well-designed implementation rules avoid capacity problems that may arise with poorly
Investment beliefs zijn relevanter dan ooit voor pensioenfondsen, zeker die ten aanzien van valutarisico. De Nederlandsche Bank gaf in 2017 in zijn notitie ‘Aandachtspunten bij beheersing van valutarisico’ al aan dat pensioenfondsen investment beliefs over valutarisico dienen vast te stellen.
Risk control as diversification through time In this short note we briefly introduce “risk” (for those readers unfamiliar with the concept and how it is defined); show conceptually how we are able to forecast and control it (for those concerned
Global Asset Allocation Views Q1 2020 -> https://www.opiniopro.com/2020/01/jp-morgan/global-asset-allocation-views-q1-2020/ #AssetAllocation #credit #equites #Equities #FixedIncome via @JPMorganAM
Zo was het vorig jaar! #aftermovie #AssetAllocationAwards
https://vimeo.com/321963939
Economic resilience, Fed and elections to drive US markets in 2020 -> https://www.opiniopro.com/2020/01/amundi/economic-resilience-fed-and-elections-to-drive-us-markets-in-2020-2/ #consumption #election #monetarypolicy via @Amundi_ENG
The US federal reserve’s ‘whatever it takes’ moment has arrived -> https://www.opiniopro.com/2020/01/ubp/the-us-federal-reserves-whatever-it-takes-moment-has-arrived/ #AssetAllocation #centralbank #credit #ECB #Equities #FED #USA
