The growth of responsible investment over the past decade has largely coincided with the longest stock market bull-run in history. This has meant that we have not been able to observe how companies with different environmental, social and governance (ESG)
How assessing norm violations in a portfolio context could help avoid risks. The most prominent norm violations typically relate to breaches in human rights, environmental responsibility and business ethics. The sectors most prone to norm violations are energy, consumer staples
In many ways, life has changed so much in recent weeks. Our usual routines suddenly seem distant memories. In other ways though, some practices haven’t changed at all. The ongoing management of our portfolios and two key components which underpin
With debate increasing over whether “helicopter money” could help tackle the global economic crisis, we asked Schroders’ chief economist Keith Wade about the tactics of governments. Modern monetary theory (MMT) argues that, rather than central banks printing money to buy
The Indian equity market has not been immune to indiscriminate selling due to coronavirus pandemic fears. But while headwinds have picked up for Indian equities in line with global peers, as long-term investors in India, we believe the market continues
As we face the serious and stressful challenge of the COVID-19 humanitarian crisis, we are forced to conduct business in unfamiliar ways. Prime among these is that we are working from home, where we must adapt to social distancing, new
Going into 2020, we expected China’s economy to modestly decelerate from the 6.1% pace of growth in 2019, but to cyclically improve as headwinds from the US-China trade war subsided. The coronavirus outbreak presented a signicant exogenous shock to China’s
During the recent market volatility, we’ve received questions about premiums and discounts in exchange-traded funds (ETFs), particularly bond ETFs. Our take is that the recent market dislocations amount to another “stress test” that ETFs have so far been passing with
Daily Pulse Check (April 1) I. COVID-19 update Overseas: 857k cumulative cases worldwide as of Mar 31 (+75k cases DoD). New cases in the US exceeded 20k. New …
Spotlight While the humanitarian crisis continues unabated in many regions of the world, April should begin to see some respite in terms of infections starting first in Italy and hopefully continuing into other areas of continental Europe as well. As
Macro Quarterly Macroeconomic themes and tactical asset allocation opportunities The spread of the coronavirus outside of China, oil price collapse and sharp tightening of financial conditions have put the global economy on the brink of recession. Whether or not the
As the COVID-19 virus spread around the world, sending markets into turmoil, our Asset Allocation Committee (“the AAC” or “the Committee”) met by video conference because governments were telling citizens not to leave their homes. These are extraordinary circumstances, and
The global coronavirus pandemic is testing all aspects of everyday life. Jeff Shen discusses how his team are using human and machine-mined insights to assess the landscape and look ahead. These are unusual times, to say the least. Few in
Weekly commentary It’s important to keep a long-term perspective amid market volatility – such as the extraordinary moves of recent weeks. One enduring trend we see is a move to sustainable investing: a structural shift in investor preferences leading to
Q2 2020 Outlook & Review The rapid spread of the coronavirus has triggered a global health crisis, rocked global financial markets, and caused a sudden stop in the global economy. Global equity markets have melted down at a dizzying pace,
Investment Strategy Commentary Market Signals We have written about the key market signals we are monitoring to assess the effectiveness of the monetary, fiscal and health policy responses to the COVID-19 virus. We are seeing some progress on the monetary
THINK Economic and Financial Analysis Four scenarios for the global economy and financial markets beyond coronavirus A virus-driven ice age: ING's Carsten Brzeski on the economic truths of the Covid-19 crisis, our scenarios for the future and the reality of
UBS House View World leaders have made unprecedented decisions around the costs and benefits of temporarily restricting economic activity to limit the spread of an infectious disease. The social distancing measures now in place across much of the world—ranging from
Research & Strategy Insights Key points • The deterioration in the US labour market is steep • It seems the US is far from “peak epidemic”, consistent with a longer lockdown than in Europe, delaying the rebound in the world
CEE Market Insights Determining the probable impact of the coronavirus on the economy is the main news topic at the moment. Over the weekend, Hungary announced the fiscal package and more details should be delivered at the beginning of the
Sunday Night Insight First, in times of financial market volatility driven by either economic uncertainty or geopolitical turmoil—or both—we have tried to keep clients abreast of our perspective on key developments to help guide investment decisions. This week, as we
Minimum volatility strategies are one way to seek more equity stability, which may help investors stay in the markets over the long run. Severe volatility tests even the most disciplined investors. The longest-ever bull market for U.S. stocks came to
Portfolio Construction Solutions We are at 2% overweight in large-cap growth on the belief that near-term coronavirus-driven volatility presents longer-term buying opportunities based on our back-half growth thesis. Large-Cap Value Overweight We are at a 2% overweight on large-cap value
What can we learn from past pandemics? The outbreak of the coronavirus in China at the end of 2019 has now turned into a worldwide pandemic, leading to a rapidly rising humanitarian toll. To further suppress the spread of the
Scott explains how the extraordinary outbreak-fighting policy action – and recent market turbulence – has changed our view on credit. We see improving outlook for credit – with unprecedented policy action to limit the coronavirus shock in place and sharply
"Covid-19: The scenarios, the lockdown, the reaction, the recovery" -> https://www.opiniopro.com/2020/04/ing/covid-19-the-scenarios-the-lockdown-the-reaction-the-recovery/ via @ING_Economics #coronavirus #recovery
Munis hit turbulence in a flight to safety -> https://opiniopro.com/2020/04/blackrock/munis-hit-turbulence-in-a-flight-to-safety/ #cash #coronavirus #FixedIncome #lending #municipalbond #COVID19 via
@blackrock
Emerging markets debt: Determinants of sovereign bond quality and returns -> https://opiniopro.com/2020/04/eaton-vance/emerging-markets-debt-determinants-of-sovereign-bond-quality-and-returns/ #credit #EmergingMarkets #debt #fiscalpolicy #sovereignbonds via
@EatonPartners
@EatonVance
Fixed Income Market Update -> https://opiniopro.com/2020/04/voya/fixed-income-market-update-4/ #fixedincome #highyield #EMD via #Voya
The corona shock in commodity prices -> https://opiniopro.com/2020/04/abn-amro/the-corona-shock-in-commodity-prices/ #Commodities #GOLD #oilprice #OPEC #coronavirus #COVID19 via
@ABNAMROeconomen
