Positive returns across asset classes in 2019 may limit tax loss selling in closed-end funds, but we see potential long term value in select sectors where investors can still buy assets at a discount. 2019 has been a strong year
Panorama Shock tactics A new year and a new decade approach, yet at first glance the major challenges to investors look set to remain unerringly familiar. A crystal ball for predicting the course of 2020 would be top of the
2020 Outlook In brief: – 2019 was marked by a significant slowdown in global growth. – Our scenario for 2020: no recession, despite a slowdown in economic activity in the US and in China and sluggish growth in Europe. –
The Weekly Brief There are structural reasons as to why Chinese equities could provide a fertile ground for alpha. First, flows into China could support both beta and alpha. China accounts for only 8.5% of the world market cap, in
2020 Institutional Outlook Executive Overview Despite big gains for stocks and bonds during 2019, institutional investors are worried that stalled trade talks, slow global growth, and low yields could hurt portfolio performance in 2020. But even as they see a
In Balans 2019 Beleggers moeten goed geïnformeerde beslissingen kunnen nemen. Naast financiële informatie moet ook niet-financiële informatie (hierna: NFI) beschikbaar zijn die relevant en van voldoende kwaliteit is. Beleggers kunnen de risico’s waaraan een onderneming is blootgesteld dan beter begrijpen.
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Monthly Comments WHY CTAs Investors’ three main arguments for investing with CTAs are: Absolute Returns Since the turn of the millennium, CTAs (Société Générale CTA Index) have performed in line with global equities (MSCI World Total Return Gross) but at
– US and China heading for a trade deal? – Economic recession unlikely – Equity markets over-optimistic – Overweight in Emerging Market Debt expanded
Week Ahead Trade agreement before December 15? The most important event for the global markets next week will be the decision on further US tariffs on Chinese imports from December 15. This will affect annual imports of about USD 150bn;
Demonstrating the value of robustly integrating environmental, social and governance (ESG) factors into investing is critical to the success and credibility of responsible investment. Supporting this is a growing body of academic research, which highlights the power ESG integration can
Research & Strategy Insights Key points • Lebanon is experiencing its largest street protests since the end of the civil war. The country is struggling with economic stagnation, and its fractious and corrupted political system has failed to address rising
Global Asset Allocation Strategy INCREASE EQUITIES TO OVERWEIGHT • Risk/reward has in our view improved with continued monetary support, that should feed through to better growth prospects. Decreasing geopolitical risks and less bad than feared earnings contribute to the view,
Global analysis of venture funding Welcome to the Q3’19 edition of KPMG Enterprise’s Venture Pulse — a quarterly report highlighting the key trends, opportunities, and challenges facing the venture capital market globally and in key jurisdictions around the world. Strong
In Credit 2 DECEMBER 2019 The Thanksgiving holiday meant it was a shorter and quieter week in core bond markets with little discernible direction. It was also a light week for data releases or political developments. In the US, the Chicago
AXA IM ESG Standards Policy As stewards of our clients’ assets, our primary goal is to help them preserve and grow their wealth. An important part of achieving this, is by investing responsibly. We believe that responsible investment (RI) can
Equity Market Update Markets in 2019 Monetary to fiscal stimulus Too early to get out of equities?
Wealth and asset management has seen a lot of good news and a little bad in recent years, reflecting the ups and downs of global mark ets. Overall, however, the leading firms have increased their profits, while the rest have fought over
Economic Outlook Presentation Recession Odds Recession Triggers Road to Recession Policy Response How Severe a Downturn
Compass In this quarter’s publication, we focus on Europe – in particular to see if it is still an attractive place to invest despite the apparent headwinds. Europe can often appear a somewhat unwitting victim of events outside of its
Mid-cap stocks have often been overlooked in favor of other size ranges in investment practice and in academic literature. Yet mid-caps have outperformed large- and small-caps, historically: the S&P MidCap 400 has beaten the S&P 500 ® and the S&P
Introduction ndices play a multifaceted role in investment management. Passive investors use indexed-linked investment products to gain exposure to particular investment universes, market segments, or strategies. Active investors use indices as benchmarks to compare actively managed funds to indices representing
Allocation views The global economy continues to face headwinds, and risks are mounting. Trade tensions are spreading from country to country, and increasingly, manufacturing weakness is starting to infect the much larger service sector. Recurring equity market declines appear likely
Geopolitical détente reduces uncertainty Our outlook for 2020 is relatively optimistic, predicated on the ongoing improvement in recent geopolitical developments – or at least a lack of deterioration thereof. In our view, the US-China trade war remains the single most
Franklin Templeton Thinks – fixed income markets In this Issue Fixed income investing has undergone a sea change in the past decade. By tossing out some active management orthodoxies and embracing new technologies and quantitative techniques, we believe some managers
Our conference #UBPInvestmentOutlook had a full house in London last week! Our experts shared their 2020 outlook for the global economy and more specifically for the UK. Thank you all for coming!
Zal zijn laatste woorden aan mij nooit vergeten. Over woorden gesproken: toen ik Volcker de eerste keer ontmoette, was zijn eerste vraag:"Hoe is het met Andre Szász?" Ik had 15 minuten met hem. Het werd 1,5 uur! Er was een klik. RIP
De Asset Allocatie Awards komen er weer aan! Nominaties komen deze week, winnaars op 4 februari 2020... Hier een sfeer inpressie van vorig jaar -> https://t.co/c36HWpyGVx
SAVE THE DATE 4 Februari 2020! #AAA2020 #JubileumEditie https://t.co/RWVaNl0PCk
