T. Rowe Price Insights on U.S. Equities How the rules of investing in the large‑cap growth space have changed Amid the wider performance of the U.S. equity market, one particularly astonishing statistic is that the top 10 stocks in the
Before researching whether we can use this outperformance to strengthen our Alternative Beta strategy, we first assessed whether the differences in "performance might result from composition biases between the Flash and Final update."
"Moreover, an end to the trade war does not mean the end to the tech war. There is a strong consensus in the US for curbing China’s access to critical technologies. Biden is unlikely to reverse the Trump administration’s tech
“Global default rates are rising and likely to continue into 2021. But we think the full impact may be muted by the significant fiscal and monetary intervention seen from governments and central banks.”
The fund seeks to provide high income and some capital appreciation. Uses an asset allocation strategy to build a broadly diversified portfolio of domestic and foreign debt instruments, including government and corporate bonds; mortgage-backed, commercial mortgage-backed, and asset-backed securities; and
"Convertible bonds historically captured over 65% of equity upside but suffered only 50% downside"
"…the most compelling reasons to consider the case for higher inflation are the risk of a policy error, given the new, more aggressive fiscal/ monetary policy mindset, and the risk of deglobalization driving wage pressures."
"After all, it is difficult to determine which election outcome the market had priced in, when and with what probability. "
The Investment Clock: "Recovering: After a plunge into recession, economic data started a rapid pick up from March in China and May/June in Europe and the US as social distancing eased. Retail sales have recovered particularly fast in the US
Global & Absolute Return Fixed Income For Professional Investors in Switzerland or Professional Investors as defined by the relevant laws Key takeaways: ■ The outcome of the US elections has reduced hopes of a large fiscal package being passed next
Will 2021 be a Year that takes off for Income Investing? This has been a tough year for income investors. Around the world, record low interest rates and quantitative easing have led to low bond yields, while equity dividends have
Franklin Templeton Thinks [tm]: Water Disruption There is a lot of talk about how regulatory reforms connected to climate change will impact financial markets. However, we firmly believe the leading issue, at the end of the day, is that we
"In the past 18 months the subject of Central Bank Digital Currency has accelerated dramatically from potential research areas, to key policy agenda. Unquestionably, this has been driven by developments in Facebook’s Libra where the spectre of the private sector
T. Rowe Price Insights On the US Election Democrat Joe Biden’s policy proposals as the next U.S. president (pending the outcome of potential legal challenges) could have mixed implications for investors if implemented, according to T. Rowe Price investment professionals. On the
#45 November is filled with webinars. This week, you’ve got a lot to choose from. On Wednesday, Capital Group hosts a webinar “Are disruptors the next generation of defensive stocks?” and T. Rowe Price hosts a webinar “US Election 2020
Earnings Insight During the month of October, analysts increased earnings estimates for companies in the S&P 500 for the fourth quarter. The Q4 bottom-up EPS estimate (which is an aggregation of the median EPS estimates for Q4 for all the
President-elect Biden to face a divided Congress Developments continue since the US Presidential Elections last Tuesday, but over the weekend a wide range of news agencies have declared Joe Biden to be the winner in Pennsylvania, a state carrying 20
2021 | 25th annual edition Time-tested projections to build stronger portfolios A global pandemic can shift our perspective, making it more difficult to focus on the future. But, of course, this is the essential task of any long-term investor, regardless
As markets continue to ponder the US Presidential election result, a surge in COVID19 cases across Europe has led to a darkening near-term outlook. How things play out in the US—from a political and virus perspective—is still uncertain, but another
T. Rowe Price Insights On US Elections Amid uncertainty, we are identifying opportunities for clients. Several factors have contributed to slower vote counting in the 2020 general election. In particular, the coronavirus pandemic is expected to have elevated the proportion
Welcome to the “next normal”—the new reality emerging from the ongoing COVID-19 pandemic. How will life, public health, and business continue to change? We’ve chronicled our response in a wide-ranging series of publications—more than 500 articles and counting since the
Amid the sound and fury of renewed Covid-19 lockdowns across Europe, global equities took a plunge at the end of October, bringing the MSCI World down -3% for the full month. Bonds did not provide much protection, as fiscal stimulus
Quarterly Update As noted in our previous reports the much-awaited global recovery from the onset of Covid-19 is facing significant headwinds. As the fallout from the crisis becomes clearer in scope and view, ensuing challenges remain daunting. The interplay between
A step towards a more transparent future Developing a sustainable future is enhanced by incorporating third-party benchmarking and certifications for all property types. There is now a proliferation of standards, ratings, and certification programs globally to help guide, demonstrate, and
"After this year’s deep contraction, the global economy is primed to rebound strongly in 2021, although the nature of the recovery will differ by sector and region."
T. Rowe Price Insights on Global Fixed Income Riskier, less liquid securities can bring substantial benefits. When seeking to generate steady bond income during turbulent times, a little flexibility can go a long way. The freedom to invest in a wide
Investment Insights Key takeaways Capital Group has always considered ESG factors in our research and analysis We have systematically integrated ESG factors through sector-specific research frameworks We believe a heightened focus on ESG will help us deliver better outcomes for
Benchmark Indices Key Points: The STOXX® Global 1800 Index fell for a second consecutive month in October, led by losses in European shares, as the number of COVID-19 contagions rebounded strongly. The global index retreated 3.2% in dollar terms and
Investment Insights Japan has a new leader: Yoshihide Suga, who replaced his ally Shinzo Abe, the longest-serving prime minister in the country’s history, in September. We asked Akira Horiguchi, co-principal investment officer on the Capital Group Japan Equity strategy what
The crypto derivatives landscape has evolved tremendously over the last several years. Beginning with pioneers like Crypto Facilities, BitMEX, Deribit, BitVC (now HuobiDM), and OKEx, derivatives trading in crypto markets really took hold in 2017, dovetailing the entrance of traditional
We expect Chinese economic recovery to remain on track with strengthening endogenous momentum. China continued its economic recovery in 3Q but the drivers were different from those in 2Q: infrastructure investment growth slowed on the margin, while manufacturing investment growth
October 30, 2020
From Capital Group’s fixed income team The global economy has stabilised sooner than had been anticipated. Unprecedented fiscal and monetary policy responses have helped, though pre-COVID economic levels may still not be recovered for another one to three years. The
Global Investing Of course, the impact of next week’s elections in the US goes well beyond the economic and financial realm, but from our narrow angle, we will follow the results across two dimensions. One is volatility: whether a winner
Of course, the impact of next week’s elections in the US goes well beyond the economic and financial realm, but from our narrow angle, we will follow the results across two dimensions. One is volatility: whether a winner emerges quickly
QIS Insights We review the current CAPE ratios to get a sense of where they currently stand, but given the low levels of interest rates across the five major economies, we also create an Excess CAPE Yield measure, defined as
Above-average equity volatility continued in October, despite a decline from last month’s level for the S&P 500 and most of our reported indices. The short-term trend was less encouraging: much of October’s volatility occurred during a choppy final week as
#44 This week is filled with interesting webinars and, of course, coming Thursday is the busiest day of the week! On Wednesday, Pictet AM hosts a webinar “Pictet AM goes USA: Morning After Talks“. On Thursday BNP Paribas AM hosts
CIO INSIGHTS Liquidity in global financial markets came under extreme pressure in late February/March, when market participants started fearing that the Covid-19 outbreak would become a global pandemic. The resulting lockdown measures threw the global economy into an unprecedented deep
Investment Letter Succes vereist nieuw recept op basis van bestaande ingrediënten Het Nieuwe Pensioencontract (NPC) moet een transparanter en persoonlijker pensioen opleveren dat beter aansluit bij de ontwikkelingen op de arbeidsmarkt. Daarnaast moet het perspectief op toekomstige verhogingen van de
Weekly Investment Commentary Stocks snapped a three-week winning streak last week, with the S&P 500 Index dropping 0.5%. The U.S. elections continued to dominate the headlines, with polls showing an increasing likelihood of a Biden victory and Democratic sweep of
Welcome to our fifth annual Global Factor Investing Study, based on an interview programme with 238 factor investors. This study incorporates the views of 138 institutional investors and 100 wholesale investors that are together responsible for managing over US$25.4 trillion
"About 40% of all survey respondents incorporate climate change information into the investment process. A separate question to a select group of C-level executives found about 75% feel that climate change is an important issue."
Swiss Finance Institute – Research Paper Series N°20-63 Abstract We study how plan sponsors choose investment management firms from their opportunity set when delegating $1.6 trillion in assets between 2002 and 2017. Two factors play an influential role in choice:
This paper discusses how: multiple SI objectives can be incorporated in an index in a transparent and flexible manner. the Target Exposure methodology is an evolution of FTSE Russell’s tilting methodology, which fits well with the increasing demand for index
Nu de presidentsverkiezingen in de VS naderen, wegen de markten de kansen af van een Democratische dan wel Republikeinse overwinning en wat de impact hiervan zal zijn op de aandelenmarkt. Sinds 1960 kent de S&P 500® Index in 80% van
Investment Insights – US elections: an insider’s view To briefly re-cap how the US presidential election works: it is decided not by the popular vote but by the electoral college vote. The successful candidate in each state takes all the
Weekly Investment Commentary Stocks snapped a three-week winning streak last week, with the S&P 500 Index dropping 0.5%. The U.S. elections continued to dominate the headlines, with polls showing an increasing likelihood of a Biden victory and Democratic sweep of
Strong S&P 500 EPS Results for the Third Quarter, Probably the Best of the Year CIO | View – Americas CIO View Powerful direct fiscal assistance to small businesses and households, forbearance programs, business reopening's and warmer weather all helped
On track since launch: U Access – Long/Short Japan Corporate Governance Key takeaways: U Access – Long/Short Japan Corporate Governance maintained its gross and net exposure in line with the investment philosophy. We can report a constant increase of Assets
