The stars are aligning for emerging market local debt. The asset class may have been in the doldrums since the global financial crisis, but it is now poised to outperform thanks to a raft of positive factors – from emerging markets’ solid economic fundamentals and undervalued …
The election of Joe Biden as the new US President places the world’s biggest economy back at the heart of international efforts to limit global warming. The Democrats’ environmental agenda is as bold as they come. A pledge to re-join the Paris Climate Accord within …
Barometer: Een herstel waarin we kunnen geloven Investment Outlook Januari 2021 De Covid-19-vaccins stellen ons in staat om voorbij de pandemie te kijken en ons te richten op de versterking van de economie, die verder ondersteund wordt door aanzienlijke stromen
Active Credit Allocation in Portfolios Jon Mawby discusses the advantages of active credit allocation in portfolios now that government bonds no longer serve their traditional purpose. Governments have launched massive efforts to underpin their economies in the wake of the
De markten hebben zich sterk gehouden dankzij voortdurende stimuleringsmaatregelen, maar Covid19 moet nog worden verslagen. De vrees voor een tweede golf en de toenemende politieke risico's pleiten voor voorzichtigheid van de beleggers.
Role of wastewater in pandemic prevention Sewage could hold the key to early detection of coronavirus infection waves – and the potential prevention of future pandemics. “The conscience of the city.” That’s how Victor Hugo described the sewers of Paris. One
Barometer Er zijn bij beleggingen weinig zekerheden. Neem nu Covid-19. Net op het moment dat in veel delen van de wereld de coronaviruspandemie onder controle leek, hebben de VS, Zuid-Korea en Peking opnieuw een …
Barometer of Financial Markets – Investment Outlook Vast amounts of stimulus have underpinned the markets after the initial shock of the Covid-19 crisis. The question for investors now is whether such …
From lighter, longer-lasting batteries to a new breed of semiconductors, there are a host of investible technologies powering the electric car revolution.
Barometer: Een niet overtuigende rally Aandelen en bedrijfsobligaties laten terug van zich horen na de inzinking. Maar zelfgenoegzaamheid dreigt. Nu het aantal nieuwe gevallen van het coronavirus schijnbaar een hoogtepunt bereikt, en sommige landen in Azië en de eurozone hun
How governments were placed on the eve of the coronavirus pandemic will play a significant role in how they emerge from the crisis. The global health crisis triggered by the coronavirus pandemic has firmly put the spotlight on how well
Wachten totdat de stimulerende maatregelen in werking treden.
Monthly Asset Allocation Views March 2020 The economic and financial effects of the coronavirus outbreak remain unclear. Which means we continue to take precautions. The coronavirus has spread well beyond China and its neighbours, threatening to morph into a global
Our global house view in the wake of covid-19 The covid-19 crisis will generate a succession of economic shocks stretched over time and space, resulting in a global recession comparable, in some respects, to what was experienced in 2009. Our
Barometer: Going viral With the global economy at the mercy of the coronavirus outbreak, investors should consider shoring up their defences in the near term. 01 Asset allocation: shoring up defences Investors are trying to get a handle on the
Het coronavirus maakt veel slachtoffers en creëert behoorlijk wat onrust – ook in de financiële wereld. Toch komt de uitbraak niet helemaal als een donderslag bij heldere hemel. In 2003 werd China geteisterd door het SARS-virus en in 2016 zorgde
Barometer: Viraal gaan Nu de wereldeconomie overgeleverd is aan het coronavirus, zouden beleggers moeten overwegen opeen defensievere modus over te stappen. Beleggers proberen grip te krijgen op de waarschijnlijke impact van hetcoronavirus die zich snel uitbreidt in China. De uiteindelijke
Coronavirus is spreading across China and beyond. What impact will the epidemic have on the global economy and financial markets? The outbreak of the coronavirus threatens to deal a blow to the global economy, presenting risks to consumption and tourism, and, above
Asset allocatie: vertraging bestrijden Beleidsmakers hebben tot nu toe een forse wereldwijde economische vertraging succesvol weten te voorkomen. De Amerikaanse Federal Reserve en de Europese Centrale Bank hebben de monetaire kraan geopend, terwijl sommige regeringen in opkomende landen fiscale stimuleringsmaatregelen hebben genomen, een voorbeeld
Maandelijkse Asset Allocatie Vooruitzichten De wereldeconomie lijkt er aan het begin van het nieuwe jaar stabieler voor te staan. Maar beleggers moeten opletten niet zelfgenoegzaam te zijn. Begin 2020 hebben beleggers redenen om optimistisch te zijn. De wereldeconomie stabiliseert zich
Technology is reshaping our world. Health is no exception. The pressure to develop new medicines and other health products is building thanks to the demands of an ageing and increasingly health-conscious world population. This is giving rise to a world
Central banks are opening the liquidity taps again, easing concerns over growth and corporate profits. Prospects for emerging market assets look better as a result.
Het klimaat op financiële markten verbetert doordat centrale banken de liquiditeitskraan opendraaien en omdat de handelsoorlog niet verder oplaait. Aandelen naar neutraal, maar liquiditeiten blijven favoriet Er breekt een waterig zonnetje door op financiële markten. Dat is voor een groot deel te danken
The dollar's bull run should come to an end, weighing on US equities. Emerging market debt, European equities and value stocks have the potential to outperform. Tread carefully. The path to strong investment returns in 2020 won't be a smooth
Barometer: Struggling for inspiration European stocks are a bright spot in an otherwise uninspiring equity market. Corporate profits are barely growing. Almost USD15 trillion of debt trades at yields below zero. And trade disputes are rumbling on. There is, then,
The largest oil supply disruption on record The attacks on the Abqaiq and Khurais oil facilities in Saudi Arabia on 14 September triggered the largest oil market disruption on record. The attacks caused 5.7mbd of Saudi production to be shut
As central banks aren't likely to deliver the volume of stimulus markets are hoping for, we remain underweight equities.
Smart Cities: Insights On A Powerful Trend Ivo Weinöhrl, Senior Investment Manager for Pictet's SmartCity strategy, explains how the powerful urbanisation trend is creating compelling investment opportunities.
Investing to protect the planet's natural resources requires a deep understanding of industry's ecological footprint. Our environmental strategy has a model for that.
It gives me great pleasure to introduce our 7th Secular Outlook. With this publication, we aim to draw on past experiences to shed light on the future. Looking back, the period since the 2008 financial crisis has been unusually kind
China, Turkey and Argentina dominated the headlines in recent months, but one emerging market story has been neglected. That of the oil-rich Gulf Co-operation Council (GCC) nations entering the leading external EM sovereign bond index.
About 250 million years ago, some 96 per cent of animal and plant species perished in what is considered to be the largest of the five mass extinction events on Earth. Known as “the Great Dying”, the catastrophe was caused
The Trump administration has been focusing on the US’s trade deficit with some of its main trading partners such as China and Germany. A strong dollar is exacerbating this deficit and has visibly exasperated President Trump. Indeed, the Fed’s broad
After two consecutive months of contraction, euro area industrial production (IP, excluding construction) rose by 0.9% month on month (m-o-m) in May, above consensus expectations (0.2%). To avert negative IP growth over the whole of Q2, IP will need to
Technology isn’t all volatile start-ups or new gadgets. It’s a sector whose prospects make it an attractive investment for the long run. Lyft and Uber IPOs have dominated tech sector headlines, with investors first snapping up shares in the car-sharing
Trees that kill their attackers. It sounds like science fiction, but it’s actually scientific fact. Researchers investigating the mysterious death of hundreds of kudu in South Africa in the 1990s made a startling discovery: the antelope were killed by the
Barometer: More pain to come Fresh trade tensions raise concerns about prospects for both the global economy and equity markets.
Overview It gives me great pleasure to introduce our 7th Secular Outlook. With this publication, we aim to draw on past experiences to shed light on the future. Looking back, the period since the 2008 financial crisis has been unusually
It gives me great pleasure to introduce our 7th Secular Outlook. With this publication, we aim to draw on past experiences to shed light on the future. Looking back, the period since the 2008 financial crisis has been unusually kind
Europe was late to the real estate party. But being late isn’t always a bad thing. It means that Europe’s real estate cycle is less advanced, with more growth still ahead compared to the US, and with valuations that are
Our latest thematic fund aims to capture the strong growth potential of companies finding smarter solutions to the urbanisation challenge.
The S&P 500 hit all-time highs in April with investor optimism fuelled by rising corporate margins. But we remain underweight US stocks, and are instead attracted to the better growth prospects and valuations of emerging markets. Net profit margins in
THEMATIC EQUITIES INVESTMENT IN WATER Technology holds the key to resolving the world’s growing water shortage problems. Thematic investors can make the most of the opportunity.
Equities have recouped almost all the losses they suffered during the late 2018 sell-off, with the MSCI All-Country World Index rising more than 10 per cent since January. But a repeat of this stellar performance looks unlikely in the coming
Forget the recent market upheavals, emerging market (EM) bonds are in something of a sweet spot. Indeed, the coming year could well prove to be the reverse of a rather grim 2018. That positive appraisal boils down to two factors.
Forget the recent market upheavals, emerging market (EM) bonds are in something of a sweet spot. Indeed, the coming year could well prove to be the reverse of a rather grim 2018. That positive appraisal boils down to two factors.
Emerging markets monitor The growth deceleration in emerging markets will be much less pronounced than in DM according to our leading indicators. This growth gap in favour of EM supports a recovery in EM currencies.
All about policies? Last year was a difficult one for euro credit, with both the ICE Bank of America Merrill Lynch (ICE BofAML) investment grade (IG) and high yield (HY) indices posting negative total returns of -1.1 and -3.6%, respectively
The global economy is cooling. Concerns about a full-blown trade war between the US and China have led to a significant deterioration in business confidence and economic activity, particularly in the developed world. It's not all doom and gloom, though.
Once again, political and economic uncertainty is pushing to the fore gold’s attractions as an investment haven. But this time investors wanting to allocate capital to the precious metal have a better option than just buying bullion bars or futures
